Property Type

Mid-America Arranges Sale of Waynetown Plaza in Huber Heights, Ohio

by Danielle Everson April 21, 2015

HUBER HEIGHTS, OHIO — Mid-America Real Estate Corp. has arranged the sale of Waynetown Plaza located in Huber Heights, a suburb of Dayton. Baltimore-based Broad Reach Retail Partners purchased the 192,332-square-foot, grocery-anchored center. Waynetown Plaza is located at the southwest corner of Old Troy Pike (State Route 22) and I-70. Kroger anchors the shopping center. Other tenants include a Buffalo Wild Wings, TGI Friday’s, Chipotle, Burger King and Davita Dialysis. Ben Wineman of Mid-America and Chris Conley of Oberer Realty Services Ltd. represented the seller, a private investment group.

April 21, 2015

Midwest Nebraska Retail

Block & Co. Arranges 44,327 SF Lease for Best Buy in Omaha, Neb.

by Danielle Everson April 21, 2015

OMAHA, NEB. — Block & Co. Inc. Realtors in Kansas City has arranged a 44,327-square-foot retail lease for Best Buy in Omaha. The electronics store will occupy space at Heritage Plaza Shopping Center at 115 N. 76th St. Other tenants at the shopping center include Buffalo Wild Wings, Chuck E. Cheese’s, Charleston’s Restaurant and Command Center. Best Buy plans to open during the fourth quarter. David Block of Block & Co. negotiated the lease transaction on behalf of the landlord.

April 21, 2015

Mixed-Use Texas

Community Park Opens at Retail Development in Dallas

by Haisten Willis April 21, 2015

DALLAS — The Park has opened in The Shops at Park Lane. The 10,000-square-foot park includes an open green space, an interactive fountain for kids, along with seating areas, power outlets and free Wi-Fi. Tenants including Starbucks and Zoës Kitchen feature outdoor patios overlooking The Park. The area will host events and activities including yoga, movie nights, live music and more. The Shops at Park Lane is a 33.5-acre mixed-use development.

April 21, 2015

Retail Texas

Henry S. Miller Brokers Land Sale in Metro Dallas

by Haisten Willis April 21, 2015

GRAPEVINE, TEXAS — Bill Bledsoe of Henry S. Miller Brokerage’s Investments and Land Division represented Classic Chevrolet in the purchase of 11.2 acres in Grapevine. Located off State Highway 121 at Stone Myers Parkway, the land will be used for business expansion. Bledsoe represented the buyer. Bruce Harbour of Harbour Realty represented the seller, a local partnership group.

April 21, 2015

Retail Texas

SRS Arranges Sale of Retail Property in Tulsa for $8.8 million

by Haisten Willis April 21, 2015

TULSA, OKLA. — The SRS Southeast Investment Sales team has arranged the sale of a 53,210-square-foot property in Tulsa. The property, which is currently occupied by Virginia College, is located at 5124 S. Peoria Ave. The seller, OK Tulsa South Peoria LLC, sold the property to GPROP LLC for $8.8 million. Virginia College, a wholly owned subsidiary of Education Corp. of America, offers diplomas, associate’s degrees, bachelor’s degrees and master’s degrees. Kyle Stonis and Pierce Mayson in the SRS Atlanta office and Josh Burmeister with JLL represented the seller in the transaction. Chris Anderson with The Grant Group represented the buyer in the transaction.

April 21, 2015

Multifamily Texas

Allied Orion Group Breaks Ground on Apartment Complex in Metro Houston

by Haisten Willis April 21, 2015

CONROE, TEXAS — Allied Orion Group has broken ground on Harper’s Retreat, a new 216-unit apartment home community located in Conroe. Targeted to open in late 2015, Harper’s Retreat is the first multifamily luxury property being built in the Harper’s Preserve master-planned community. Allied Orion Group is the developer. Meeks + Partners designed the project. Harper’s Retreat is located at 17011 Harpers Way. With access to I-45 and Highway 242, the apartment community is near The Woodlands, area parks, Lake Conroe and downtown Houston. The property will include one- and two-bedroom units that will feature granite countertops, stainless steel appliances, wood flooring and ceramic tile. Amenities will include a swimming pool, cabanas, grilling stations, state-of-the-art wellness/fitness center, dog park, clubhouse and cyber café with Wi-Fi access.

April 21, 2015

Retail Texas

Kidd Properties Arranges Retail Lease in Houston

by Haisten Willis April 21, 2015

HOUSTON — Big Daddy’s Antiques Inc. has leased a 3,990-square-foot freestanding corner building located at 3502 W. Alabama St. in Houston. Ashley Williams of Fidelis Realty Partners represented the tenant. Mark Kidd Sr. of M. Kidd Properties represented the landlord, St. Luke’s Methodist Church Foundation Inc. Big Daddy’s Antiques is a retailer of antiques and reproductions from European, Asian and North American markets.

April 21, 2015

Georgia Multifamily Southeast

Novare Group, Batson-Cook Open 26-Story SkyHouse Buckhead in Atlanta

by John Nelson April 21, 2015

ATLANTA — Atlanta-based developers Novare Group and Batson-Cook Development Co. have opened SkyHouse Buckhead, a 26-story luxury high-rise apartment community in Atlanta’s Buckhead submarket. The 362-unit property on Stratford Road features a rooftop amenity deck with two pools, outdoor kitchens and lounges, club room and a fitness center. The floor plans range from studio units to three-bedroom residences. The property is located two blocks from Lenox Square Mall and Phipps Plaza and is connected to the Buckhead MARTA station by a new $32 million pedestrian bridge spanning Georgia 400. The community is also adjacent to the PATH400 Greenway, a 5.2-mile multi-use trail that will connect to the Atlanta Beltline. SkyHouse Buckhead’s project team includes general contractor Batson-Cook Construction and architect Smallwood, Reynolds, Stewart, Stewart. Ackerman & Co. was the land seller and equity partner in the project, along with NGI Investments LLC and Batson-Cook Development Co. An investor account advised by the U.S. real estate business of UBS Global Asset Management provided construction and permanent financing for the project. The property is one of 14 SkyHouse-branded apartment communities in the United States.

April 21, 2015

Florida Multifamily Southeast

Cushman & Wakefield Brokers $49.6M Sale of Orlando Multifamily Community

by John Nelson April 21, 2015

ORLANDO, FLA. — Cushman & Wakefield has brokered the $49.6 million sale of Tortuga Bay Apartment Homes in Orlando. The Class A, 314-unit apartment property is located at 12932 Mallory Circle in Orlando’s East Orange/UCF submarket. Constructed in 2014, the property features a large clubhouse, fitness center and zero-entry pool. The interiors of Tortuga Bay’s units feature granite island countertops, built-in computer workstations, black-on-black appliances, microwave, nine-foot ceilings, crown molding, screened porches and washers and dryers in every unit. Ken Delvillar and Jay Ballard of Cushman & Wakefield represented the seller, an unnamed REIT, in the transaction. The apartment community is the first Florida property for the buyer, Tortuga Multifamily Orlando LP.

April 21, 2015

Florida Office Southeast

Stiles Realty Brokers $21M Sale of Fort Lauderdale Office Building

by John Nelson April 21, 2015

FORT LAUDERDALE, FLA. — Stiles Realty, a division of Stiles, has brokered the $21 million sale of a vacant Class A office property located at 2100 W. Cypress Creek Road in Fort Lauderdale. The 185,000-square-foot building, which was the former headquarters of BankAtlantic, was the largest single-tenant building sold in the Cypress Creek submarket in the past five years, according to Stiles Realty. Kimberly Barbar of Stiles Realty represented the seller, BB&T, in the transaction. Barbar will also lease the office building on behalf of the new owner, Integra Investments LLC. The office building was designed to serve a single tenant and features on-site amenities such as a fitness center with showers, 250-seat cafeteria and a wellness center.

April 21, 2015

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