Property Type

Kettler Sells New D.C. Apartment Development for $106.5M

by John Nelson November 17, 2014

WASHINGTON, D.C. — Kettler has sold its newly constructed apartment development located at 450 K St. N.W. in Washington, D.C. The apartment developer sold the 233-unit, high-rise residential community to Ogden CAP Properties LLC for $106.5 million. HFF brokered the sale. Located in Washington’s Mount Vernon Triangle neighborhood, the apartment community features 6,500 square feet of ground-floor retail space. The property’s amenity package includes a courtyard with a fountain, fitness center, bike storage and maintenance shop, as well as a rooftop club lounge and entertainment bar, swimming pool with lounge seating, outdoor kitchen and bar. Ogden CAP Properties has retained Kettler Management to manage the leasing activity of the property.

November 17, 2014

Office Southeast Tennessee

Brasfield & Gorrie Completes $59M HQs for Tractor Supply Co. in Metro Nashville

by John Nelson November 17, 2014

BRENTWOOD, TENN. — Brasfield & Gorrie has completed the new Tractor Supply Co. corporate headquarters in Brentwood, roughly 11 miles south of Nashville. The $59 million project includes two four-story buildings totaling 260,000 square feet, a two-story atrium connecting the two buildings and a four-level parking deck with 1,000 parking spaces. Approximately 900 Tractor Supply employees have begun working from the new headquarters, which has a total capacity for 1,200 employees. The design team, including Hastings Architecture Associates and Eakin Partners, is pursuing LEED Silver certification for the office campus.

November 17, 2014

Alabama Retail Southeast

Marvin’s Building Materials to Open 30,000 SF Store in Alabama

by John Nelson November 17, 2014

OZARK, ALA. — Marvin’s Building Materials and Home Centers has leased 30,000 square feet of build-to-suit retail space in Ozark, roughly 22 miles northwest of Dothan, Ala. The store is currently under construction at the new Mixon Plaza located at the intersection of Highway 231 and Deese Road. The store is expected to open in spring 2015. Upon completion, the store will feature a 30,000-square-foot home center and an attached lawn and garden center, as well as a drive-thru lumberyard. The project team includes developer Engineered Systems Inc., owner Martindale Properties and project manager Felton Woodham. Marvin’s currently operates 27 stores in Alabama, Mississippi, Georgia and Tennessee.

November 17, 2014

Florida Office Southeast

Software Company to Relocate HQs to Celebration Pointe Project in Gainesville

by John Nelson November 17, 2014

GAINESVILLE, FLA. — Info Tech, a Gainesville-based consulting and software company, will relocate its headquarters to the mixed-use Celebration Pointe project under construction in Gainesville. The company will build a new 60,000-square-foot corporate campus at the 125-acre, 1 million-square-foot development that will be located at the intersection of I-75 and Archer Road. Read more about the Celebration Pointe development here. Info Tech employs roughly 240 associates. Phase I of Celebration Pointe is expected to open in fall 2016.

November 17, 2014

Illinois Mixed-Use

McShane Construction Completes Mixed-Use Development in Metro Chicago

by John Nelson November 14, 2014

ROSEMONT, ILL. — McShane Construction Co. has completed The Shops and Lofts at 47, a mixed-use development. The development sits on a three-acre parcel at 747 East 47th St. in Chicago’s Bronzeville neighborhood. The Shops and Lofts at 47 spans 202,000 square feet and is anchored by a 41,000-square-foot Walmart Neighborhood Market. It also includes 96 apartments in one-, two- and three-bedroom layouts.

November 14, 2014

Illinois Multifamily

M&M Arranges Sale of Apartment Building in Illinois

by John Nelson November 14, 2014

CREST HILL, ILL. — Marcus & Millichap has arranged the sale of 1473 N. Rock Run Drive, a 12-unit apartment complex in Crest Hill, for $802,500. Ryan D. Engle, Andrean Angelov and Adam Fortino of Marcus & Millichap’s Chicago Oak Brook office marketed the property on behalf of the seller, a limited liability company. Engle, Angelov and Fortino also represented the buyer, a limited liability company. The property consists of four one-bedroom units and eight two-bedroom units measuring between 700 and 800 square feet.

November 14, 2014

Hospitality Ohio

Homewood Suites by Hilton Hotel Opens in Akron

by John Nelson November 14, 2014

AKRON, OHIO — Homewood Suites by Hilton has opened its newest property, Homewood Suites by Hilton Akron Fairlawn. The four-story hotel is the 15th Homewood Suites property in Ohio and the first in the Akron area. TMI Hospitality owns the hotel, which is located at 210 Springside Drive just off I-77 near downtown Akron. Nearby attractions include the Akron Zoo, Stan Hywet Hall & Gardens and the Akron Art Museum.

November 14, 2014

Mixed-Use Texas

Embrey Partners Begins Construction on Mixed-Use Development in San Antonio

by John Nelson November 14, 2014

SAN ANTONIO — San Antonio-based Embrey Partners has begun construction on a mixed-use development located at 1819 E. Sonterra Blvd. Dwell at Legacy is located near 326,455 square feet of retail space including Lifetime Fitness, Best Buy, Staples, Main Event Entertainment, Buffalo Wild Wings, Starbucks, Men’s Warehouse and a local farmer’s market. The development is scheduled to open in June 2015 with four buildings. When completed, it will include 289 apartments ranging in size from 550 square feet to 1,200 square feet with one- and two-bedroom layouts. Embrey will also manage the property once the project is complete. Dallas-based Good Fulton & Farrell is the architect. Texas Capital Bank is the lender.

November 14, 2014

Industrial Texas

NAI Houston Negotiates Sale of Industrial Property in Metro Houston

by John Nelson November 14, 2014

STAFFORD, TEXAS — NAI Houston has represented SBP-Development III Ltd. in the sale of a 15,000-square-foot, single-tenant industrial building located at 13340 Pike Road in Stafford, a suburb of Houston. John Ferruzzo, Darren O’Conor and Joshua Lass-Sughrue of NAI Houston represented the seller, SBP-Development III. Mike McMahon of REOC General Partners LLC represented the buyer, Blank Universal LLC.

November 14, 2014

Office Texas

Colliers Arranges Office Property Lease in Metro Dallas

by John Nelson November 14, 2014

PLANO, TEXAS — Colliers International has arranged the lease of office space for RamQuest, a provider of title and settlement software solutions, in Plano. RamQuest is consolidating its facilities and relocating its headquarters to International Business Park at 6111 W. Plano Parkway. The company will occupy 28,205 square feet at the new location. Daniel Rudd and Billy Vahrenkamp of Colliers International represented RamQuest in the transaction. Sean Dalton of Younger Partners represented the landlord, Billingsley Co.

November 14, 2014

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