Property Type

Eastgate Distribution Center 7800 Eastgate Blvd. Lebanon

CTDI Signs 403,750 SF Industrial Lease in Nashville MSA

by John Nelson December 11, 2015

LEBANON, TENN. — Communications Test Design Inc. (CTDI), an engineering, repair and logistics company serving the communications industry, has signed a 403,750-square-foot industrial lease at Eastgate Distribution Center I in metro Nashville. The building is located at 7800 Eastgate Blvd. in Lebanon. John Ward of Cushman & Wakefield represented the landlord, Pattillo Industrial Real Estate, in the lease deal. Terry Smith of Colliers International represented CTDI. David Mackey and John Morrissey of Jackson Cross Partners assisted in representing CTDI.

December 11, 2015

North Carolina Office Southeast

Heritage Properties to Develop Office Building in Raleigh

by John Nelson December 11, 2015

RALEIGH, N.C. — Heritage Properties Inc. plans to develop Legacy at Brier Creek, a 121,000-square-foot, Class A office building in Raleigh. The development will be situated at the corner of TW Alexander and Brier Creek Parkway. The office building’s amenities will include a tenant lounge on the first floor with a coffee bar and Wi-Fi, fitness center and yoga studio, locker rooms with showers and an outdoor terrace with seating and grills. The building is designed with 15-foot floor-to-ceiling heights on each floor, allowing tenants the option of having an exposed 15-foot ceiling or a traditional 10-foot drop ceiling. The property features land for the development of an additional 45,000 square feet of office space. Heritage Properties has selected Colliers International to lease the project.

December 11, 2015

Illinois Loans Midwest Office

HFF Brokers $168.2M Sale of Office Building in Chicago

by Christina Cannon December 11, 2015

CHICAGO — Holliday Fenoglio Fowler (HFF) has arranged the $168.2 million sale of an office building in Chicago’s West Loop. 200 West Adams is a 32-story, LEED Gold-certified building that spans 683,730 square feet. Sterling Equities and Lincoln Property Co. sold the asset to Gerding Edlen. The buyer also secured a $133.9 million acquisition loan through AEW Capital Management LP. The floating-rate loan is for a period of three years. 200 West Adams is located at the northwest corner of Adams and Wells Streets and was built in 1985. The building is 91 percent occupied by tenants such as the Government Services Administration, BMO Harris Bank and law firm Lowis & Gellen. The retail space on the lobby level is leased to Starbucks, Walgreens and Au Bon Pain. Jeff Bramson and Jaime Fink of HFF represented the seller in the transaction. Tim Joyce of HFF originated the loan.

December 11, 2015

Loans Midwest Minnesota Multifamily

Dougherty Mortgage Closes $15.1M Loan for Apartment Conversion Project in Minneapolis

by Christina Cannon December 11, 2015

MINNEAPOLIS — Dougherty Mortgage LLC has closed a $15.1 million HUD 221(d)(4) loan for the rehabilitation of two conjoined warehouses in Minneapolis. The property, 700 Central, will be converted into 80 market-rate housing units. The apartment buildings will also feature 5,600 square feet of ground-floor retail. The project has been placed on the National Register of Historic Places, and the borrower, 700 Central Owner LLC, was able to utilize equity from the sale of historic tax credits for the project.

December 11, 2015

Indiana Midwest Multifamily Seniors Housing

Evans Senior Investments Arranges Sale of Skilled Nursing, Memory Care Facility in Indiana

by Christina Cannon December 11, 2015

LAWRENCEBURG, IND. — Evans Senior Investments has arranged the sale of Shady Nook Care Center, a skilled nursing and memory care facility in Lawrenceburg, approximately 25 miles west of Cincinnati, Ohio, for an undisclosed price. A local investor purchased the property and will retain the existing operator. Shady Nook was built in 1984 and consists of 35 semi-private rooms and 12 private rooms in a 37,332-square-foot facility. The property underwent a $395,000 renovation in 2010. Jason Stroiman of Evans Senior Investments arranged the deal.

December 11, 2015

Healthcare Midwest Wisconsin

Ryan Cos. Breaks Ground on 40,000 SF Children’s Hospital of Wisconsin

by Christina Cannon December 11, 2015

MEQUON, WIS. — Ryan Cos. has broken ground on a new Children’s Hospital of Wisconsin clinic in Mequon, approximately 20 miles north of Milwaukee. This is the third Children’s Hospital that Ryan Cos. has been hired to build in Southeast Wisconsin in the past two years. The two-story, 40,000-square-foot clinic will be situated on a six-acre site at the corner of Mequon Road and Market Street. The clinic will include Echo and MRI imaging, neurology, orthopedics, occupational therapy, primary care, urgent care and much more. The clinic will also feature an on-site lab and pharmacy services. The facility is slated to open in mid-2016. Ryan Cos. is providing development, design-build construction and real estate management services. ScopeBridge serves as the project architect, and Associated Bank is providing construction financing.

December 11, 2015

Midwest Office Wisconsin

Siegel-Gallagher Arranges 5,202 SF Office Lease in Waukesha, Wisconsin

by Christina Cannon December 11, 2015

WAUKESHA, WIS. — Siegel-Gallagher has arranged a 5,202-square-foot office lease in Waukesha, approximately 20 miles west of Milwaukee. The building, Crossroads XIV, is located at 20300 Water Tower Blvd. Lueder Financial Group LLC (also known as Northwestern Mutual) is the tenant, and Janesville LLP is the landlord. Shaun Dempsey of Siegel-Gallagher brokered the deal.

December 11, 2015

Loans Multifamily Texas

Dougherty Mortgage Closes $7.3M Loan for Apartment Complex in Arlington

by Haisten Willis December 10, 2015

ARLINGTON, TEXAS — Dougherty Mortgage LLC has closed a $7.3 million Fannie Mae loan for the refinancing of Park Row East Apartments, a 205-unit market rate multifamily property in Arlington. The 10-year loan was arranged on behalf of the borrower, DCP 3201 East Park Row Drive LLC, through a partnership with Old Capital Lending and Dougherty’s Minneapolis office. The loan was structured with a 30-year amortization schedule.

December 10, 2015

Industrial Texas

SVN / Trinity Advisors Brokers Industrial Transactions in Metroplex

by Haisten Willis December 10, 2015

FORT WORTH, TEXAS — SVN / Trinity Advisors recently closed several industrial transactions in Fort Worth, Arlington and Carrollton. James Blake of SVN /Trinity arranged the sale of a warehouse located at 2405 Ludelle St.in Fort Worth to XS Sights System, which will occupy the 10,500-square-foot building. Built in 1986, the industrial building is located just off I-30 and Beach Street. Blake represented the seller, Powerspoint Investments LLC, in the transaction. Tyler Trahant with The Trahant Co. represented the buyer. Carl Brown of SVN / Trinity arranged the lease of three spaces in the Beach Conner Industrial Park, located 10 minutes from downtown Fort Worth on Beach Street. The first lease deal was 3,600 square feet to Surgidental for a two-year term. The second deal was 7,200 square feet leased to Delta Structural Tech for a one-year term, and the third deal was 3,600 square feet leased to Munoz Furnishings for a one-year term. Brown also arranged the lease of 3,000 square feet of industrial space to HD Foundation for a three-year term at 801 Secretary Drive in Arlington. In addition, SVN / Trinity’s Clint Montgomery arranged the lease of 1,120 square feet of space in an industrial complex in Carrollton …

December 10, 2015

Multifamily Texas

Greysteel Arranges Sale of Carroll Place in Dallas

by Haisten Willis December 10, 2015

DALLAS — Greysteel has arranged the sale of Carroll Place, a 26-unit apartment community in the Old East Dallas neighborhood of Dallas. Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill of Greysteel served as advisor and agent to 1502 Carroll Place LLC in the sale of Carroll Place to Old East Carroll LLC. The property includes six efficiency and 20 one-bedroom/one-bathroom units within three two-story buildings.

December 10, 2015

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