HOUSTON — NAI Partners has arranged a 15,089-square-foot office lease in Houston. NAI represented Noex Management LLC in the lease of space at 2500 Fondren Road. The property, known as Piney Point Offices, is located between the Galleria and Westchase submarkets just south of the Memorial Villages. Sam Hansen of NAI Partners represented the landlord, Noex, in the lease negotiations. Rich Pancioli and John Dolan of CBRE represented the tenant, American Cancer Society Inc.
HOUSTON — Houston-based Baker Katz, in collaboration with Lovett Commercial, has completed the sale of a 13,013-square-foot retail property in Houston. The building, currently occupied by a CVS Pharmacy, rests on over one acre located at 15411 Wallisville Road on the Northwest corner of Wallisville and Beltway 8. Nearby tenants include Walmart, Lowe’s and Buffalo Wild Wings. Baker Katz and Lovett Commercial originally purchased the property in 2007.
KANSAS CITY, MO. — Laurus Corp. has completed a $10 million renovation on the Hilton Kansas City Airport Hotel. The property is located at 8801 NW 112th St. All 347 guest rooms and guest bathrooms saw renovations including new carpeting, stonework and modern artwork. All three ballrooms include 21,000 square feet of total meeting space and the largest meeting room accommodates up to 700 people in a theater-style setting. The newly renovated indoor/outdoor pool and lounge is designed to create an oasis for guests to relax and unwind. In addition, the restaurant and bar was revamped and now operates as Asado Grill. Surrounded by more than 6 million square feet of office space, including several Fortune 500 companies, the hotel offers proximity to shopping, dining and other entertainment venues.
WOODBURY, MINN. — Oak Grove Capital has arranged a $35.9 million FHA loan for Uptown at City Walk, a 245-unit multifamily apartment complex in Woodbury. Tim Leonhard, managing director of Oak Grove Capital, secured the interest rate modification loan for the undisclosed borrower.
ANN ARBOR, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 47,074-square-foot office building in Ann Arbor. The property is located at State Technology Center I. The seller, 4750 Venture Drive Associates LLC, sold the building to Capovista LLC. State Technology Center I is a single-story office/flex building. The asset was built in 1987 on a 4.12-acre site within the State Technology Center business park, home to three technology and engineering-based companies. Barry Swatsenbarg and Rich Deptula of Friedman represented both the undisclosed seller and the buyer.
CANAL WINCHESTER, OHIO — Marcus & Millichap has arranged the $1.2 million sale of Ebright Self Storage, a 37,200-square-foot self-storage property located in Canal Winchester. The property is located at 5207 Ebright Road. Brett Hatcher of Marcus & Millichap’s Columbus office represented the seller and the buyer, both limited liability companies.
OCONOMOWOC, WIS. — Lee & Associates represented Anytime Fitness in the signing of a 5,880-square-foot lease at Summit Center Marketplace in Oconomowoc. Chris Etmanczyk of Lee & Associates Madison represented Anytime Fitness in the transaction. The new lease will fully occupy the shopping center. Anytime Fitness plans to open in August.
MIAMI — Suffolk Construction has delivered the Judge Seymour Gelber and Judge William E. Gladstone Miami-Dade Children’s Courthouse to Miami-Dade County and the Eleventh Judicial Circuit. The 14-story, 371,500-square-foot courthouse is located at 155 N.W. 3rd St. The LEED Silver-certified courthouse features a multi-colored glass façade that was designed by HOK design. The building will be one of the only in the nation to house all court partners, as well as support agencies for the Juvenile Justice Community.
RICHMOND, VA. — The Davis Cos. (TDC) has acquired a portfolio of 29 apartment buildings spanning 441 units in Richmond’s Fan and Museum districts for $37.4 million. This purchase marks TDC’s first entry into the Richmond market. TDC owns and manages commercial and multifamily properties and has a long history of repositioning historic commercial office buildings and multifamily residences throughout the Eastern United States. TDC plans to invest significant capital in order to perform exterior and interior improvements to the residences. Work is scheduled to begin immediately and be fully complete by summer 2016. TDC is partnering with Richmond based Spy Rock Real Estate Group to develop and operate the residences. The residences are currently 70 percent occupied. TDC has appointed Bonaventure Property Management Services as the onsite property manager for the portfolio of properties.
DAWSONVILLE, GA. — Blanchard Real Estate will develop a Kroger-anchored power center in Dawsonville, part of the Atlanta MSA. The Kroger Marketplace store will span 123,000 square feet and feature a fuel center. Blanchard has also secured commitments from national retail tenants totaling roughly 200,000 square feet. The new power center is located adjacent to the North Georgia Premium Outlets, which attracts roughly 7.5 million visitors annually. Blanchard is slated to break ground on the shopping center late this summer.