Property Type

Cypress-Creek-Distribution-Center-Houston

CIM Group Provides $57.5M Loan for Refinancing of Northwest Houston Industrial Portfolio

by Taylor Williams March 11, 2025

HOUSTON — Los Angeles-based CIM Group has provided a $57.5 million loan for the refinancing of a portfolio of four industrial buildings totaling approximately 533,000 square feet in northwest Houston. The borrower was a partnership between Phoenix-based Creation Equity and PGIM Real Estate. Completed in 2024, the portfolio comprises Houston Point 290, a three-building complex, and Cypress Creek Distribution Center, a single-building development. Three of the buildings have rear-load configurations, and other features include 32-foot clear heights, drive-in doors and a total parking allocation of 593 spaces.

March 11, 2025

Acquisitions Georgia Mixed-Use Multifamily Restaurant Retail Southeast

Jamestown Acquires Minority Stake in Inman Quarter Mixed-Use Development in Atlanta

by John Nelson March 11, 2025

ATLANTA — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises popular restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The sales price and Jamestown’s stake amount at Inman Quarter were not disclosed.

March 11, 2025

Hospitality Loans North Carolina Southeast

Cronheim Hotel Capital Arranges $54M Refinancing for Homewood Suites Hotel in Uptown Charlotte

by John Nelson March 11, 2025

CHARLOTTE, N.C. — Cronheim Hotel Capital has arranged a $54 million loan for Homewood Suites by Hilton Charlotte Uptown First Ward, a 211-room hotel located at 508 N. College St. in Uptown Charlotte. Beau Williams and Drew Gilligan of Cronheim Hotel Capital arranged the financing on behalf of the borrower, Raleigh-based Concord Hospitality. The direct lender was not disclosed. According to the property website, the Homewood Suites hotel features a lobby, lounge, bar, restaurant, business center, fitness center and luggage storage. The 13-story hotel opened in 2023, according to local media outlets.

March 11, 2025

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of Vacant 243-Room Hotel in Southwest Houston

by Taylor Williams March 11, 2025

HOUSTON — Marcus & Millichap has brokered the sale of a vacant 243-room hotel located at 9090 Southwest Freeway in southwest Houston. The property, which has been closed since 2019, was previously operated under one of the IHG Hotels & Resorts brands and offers amenities such as an indoor pool, outdoor sundeck, fitness center, business center, gift shop and a guest laundry room. Chris Gomes and Tulsee Nathu of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Additional terms of sale were not disclosed.

March 11, 2025

Development Georgia Industrial Office Southeast

Coca-Cola United Opens $19M Flex Facility in Jasper, Georgia

by John Nelson March 11, 2025

JASPER, GA. — Coca-Cola Bottling Co. United Inc. has opened a new $19 million sales center and warehouse in Jasper, about 60 miles north of Atlanta. Situated on three acres off Hugh Mullins Court, the 26,000-square-foot facility includes a sales and distribution center, warehouse, fleet shop and office space. Jasper Coca-Cola will operate the facility, which will serve as a hub to distribute Coca-Cola products throughout Cherokee, Fannin, Gilmer, Pickens, Towns and Union counties. Established in 1932, Jasper Coca-Cola joined the Coca-Cola United family of bottlers in 2017. The company employs 58 associates, serves more than 1,000 customers and sells and distributes nearly 2 million cases of Coca-Cola products annually.

March 11, 2025

Industrial Leasing Activity South Carolina Southeast

STAG Industrial Inks 102,060 SF Lease in Wellford, South Carolina

by John Nelson March 11, 2025

WELLFORD, S.C. — Boston-based STAG Industrial Inc. has signed an unnamed wholesale apparel and promotional product distributor to a 30-month lease in Wellford, a city in Spartanburg County. The tenant will occupy 102,060 square feet within a facility located at 452 Casual Drive. The lease brings the property, which was substantially completed in June 2024, to 69 percent occupancy. The lease commences on April 1 and includes 3.5 percent annual rent escalations.

March 11, 2025

Leasing Activity Mixed-Use Office Southeast Tennessee

Nextracker Signs 15,960 SF Office Lease at Landings at River North in Nashville

by John Nelson March 11, 2025

NASHVILLE, TENN. — Nextracker, a smart solar tracker and software solutions provider, has signed an office lease located at 2200 Bowline Ave. in Nashville. The Fremont, Calif.-based company will occupy 15,960 square feet of space within Landings at River North, a 78,000-square-foot creative office building within the River North mixed-use district along the East Bank of the Cumberland River. Nextracker is relocating its Nashville operations from Metro Center and is expecting to move into Landings at River North in the third quarter. Charlie Gibson of Stream Realty Partners represented the landlord, MRP Realty and Creek Lane Capital, in the lease negotiations. Eric Tomchik and Dave Bruzzone of Newmark represented Nextracker.

March 11, 2025

Leasing Activity Office Texas

Lockton Signs 52,916 SF Office Lease at Granite Park in Plano

by Taylor Williams March 11, 2025

PLANO, TEXAS — Lockton has signed a 52,961-square-foot office lease at Granite Park in Plano. The insurance brokerage giant is taking two full floors at the newly constructed Granite Park 6, a 19-story, 422,109-square-foot building, with occupancy slated for 2026. Mike Mayer and Josh Goldsmith of Cushman & Wakefield, along with Dan Harris and Randy Cooper of Stream Realty Partners, represented Lockton in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado of Granite Properties internally represented the landlord, which owns the asset in partnership with Highwoods Properties.

March 11, 2025

Acquisitions Lee & Associates Retail Texas

Lee & Associates Negotiates Multiple Leases at Emami Plaza Shopping Center in Laredo, Texas

by Taylor Williams March 11, 2025

LAREDO, TEXAS — Lee & Associates has negotiated multiple new leases at Emami Plaza, a 34,000-square-foot shopping center located in the Rio Grande Valley city of Laredo. Among the new tenants at the center are D1 Training (4,600 square feet), SaladWorks (2,000 square feet), Farmers Insurance (1,500 square feet) and Tribalance Chiropractic (1,500 square feet). The deals bring the newly constructed center to full occupancy. Enrique Volkmer of Lee & Associates negotiated the leases on behalf of the undisclosed landlord.

March 11, 2025

Acquisitions Industrial Texas

STRIVE Arranges Sale of 22,300 SF Industrial Building in Denton, Texas

by Taylor Williams March 11, 2025

DENTON, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 22,300-square-foot industrial building in the North Texas city of Denton. According to LoopNet Inc., the single-story building at 9062 Teasley Lane was constructed on a 1.1-acre site in 1998. Hudson Springer and Jason Vitorino of STRIVE represented the seller in the transaction. Both parties were Texas-based entities that requested anonymity, as did the buyer’s representative.

March 11, 2025

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