Property Type

Accesso Partners Buys Class A Office Building in Remount Business Park

by John Nelson November 6, 2014

NORTH CHARLESTON, S.C. — Accesso Partners LLC has purchased Remount II, a Class A, 105,147-square-foot office building in North Charleston. The property is located at 1141 Remount Road in the Remount Business Park. The sales price was undisclosed. The 65-acre Remount Business Park was co-developed by Remount Venture, Venture One Real Estate Co. and Chicago-based Clayco Corp. Remount II was 92 percent leased at the time of sale to tenants such as SAIC International, Booz Allen Hamilton, CACI, Simplex Grinnell/TYCO and ManTech. HFF’s debt placement team led by senior managing director Susan Hill secured a senior loan through JP Morgan Securities Inc. Paul Gaines of Accesso Partners will take over as asset manager for Remount I and II, and Accesso Services will assume property management services. Glenn Goodwin and Bart Langlois of Landmark Enterprises in Mt. Pleasant, S.C. remain leasing brokers for Remount II.

November 6, 2014

Industrial Mississippi Southeast

Hart Corp. Brokers Sale of 200,000 SF Industrial Facility in Mississippi

by John Nelson November 6, 2014

SENATOBIA, MISS. — Hart Corp. has brokered the sale of a 198,723-square-foot facility on an 18.7-acre site in Senatobia. Jim Belcher and Bart Hardison of Hart Corp. represented the buyer, Calbee North America LLC, a Japanese joint venture. Colliers International represented the seller, The Hollingsworth Co., in the transaction. Tim Climer of the Tate County Economic Development Foundation and Emlyn Jackson of the Mississippi Development Authority assisted in attracting Calbee North America LLC to the facility.

November 6, 2014

Office Texas

CBRE Arranges $51M Bridge Loan for Office Properties in Metro Dallas

by Haisten Willis November 5, 2014

IRVING, TEXAS — CBRE Debt & Structured Finance has arranged a $51 million bridge loan on behalf of Brookwood Financial Partners for the acquisition of two office properties in Irving. The buildings are located at 125 E. John Carpenter Freeway and 5100 N. O’Connor Blvd. Blackstone of New York provided the interest-only, two-year bridge loan at a 73.5 percent loan-to-cost ratio. The two buildings span a total of 443,273 square feet and are located in Irving’s Las Colinas submarket. Charles Foschini, Christopher Apone and Christian Lee of the CBRE Capital Markets South Florida Institutional Properties team arranged the loan.

November 5, 2014

Multifamily Texas

Dougherty Arranges $1.2M Loan for Apartment Complex in Metro Dallas

by Haisten Willis November 5, 2014

PRINCETON, TEXAS — Dougherty Mortgage has arranged a $1.2 million Fannie Mae loan for the refinancing of Hazelwood Apartments, a multifamily property located in Princeton. The 10-year loan includes a 30-year amortization schedule and was arranged by Dougherty’s Dallas office for the borrower, Tenant Landlord Connection Properties LLC.

November 5, 2014

Restaurant Retail Texas

Jasper’s Restaurant to Join CityLine Mixed-Use Development in Metro Dallas

by Haisten Willis November 5, 2014

RICHARDSON, TEXAS — Chef Kent Rathbun’s Jasper’s “Gourmet Backyard Cuisine” restaurant concept will join CityLine, a 186-acre mixed-use project in Richardson. The restaurant is scheduled to open in summer 2015. KDC is the developer of the project. The restaurant will be located at the corner of Plano Road and State Street and features a casual design with a menu focused on America’s regional cuisine. Jasper’s will be open for lunch and dinner. The restaurant will include a boardroom and private dining rooms available for presentations, social events or business meetings. The Richardson location will also offer an outdoor dining area, bar and lounge.

November 5, 2014

Office Texas

Q10 | Kinghorn, Driver, Hough & Co. Arrange $9.75M Loan for Office Building

by Haisten Willis November 5, 2014

HOUSTON — Q10 | Kinghorn, Driver, Hough & Co. has arranged a $9.75 million, 10-year, fixed-rate CMBS loan for the acquisition of an office building in the Westchase District of Houston. The two-story structure includes 95,000 square feet of space and is located on five acres.

November 5, 2014

Industrial Texas

Lee & Associates Brokers Sale of 31,204 SF Industrial Property

by Haisten Willis November 5, 2014

FARMERS BRANCH, TEXAS — Lee & Associates has brokered the sale of a 31,204-square-foot industrial building located at 3320 Beltline Road in the Dallas suburb of Farmers Branch. Nathan Denton of Lee & Associates’ Dallas/Fort Worth office represented the buyer, Lina Ramey & Associates. Adam Curran with Mercer Co. represented the seller, HYJY Investments.

November 5, 2014

Loans Midwest Missouri Retail

NorthMarq Capital Secures $18.8M in Loans for Two Retail Properties

by Danielle Everson November 5, 2014

TOWN AND COUNTRY, MO. AND ST. LOUIS — NorthMarq Capital has secured refinancing for two properties totaling a combined $18.8 million. The properties include Wood Mill Plaza in Town and Country and Loughborough Commons in St. Louis. Schnucks Market anchors both properties. Wood Mill Plaza is an 85,523-square-foot retail property located at 1060 Schnucks Woods Mills Plaza. The property was refinanced with an $8.5 million, 20-year loan structured with a 25-year amortization schedule. Loughborough Commons is a 100,382-square-foot retail property located at 952 Loughborough Ave. The property was refinanced at with a $10.3 million, 15-year loan structured with a 30-year amortization schedule. NorthMarq arranged financing for both the undisclosed borrowers through its correspondent relationship with an unnamed life insurance company.

November 5, 2014

Midwest Ohio Retail

M&M Arranges $8.7M Sale of 140,918 SF Shopping Center in Mentor, Ohio

by Danielle Everson November 5, 2014

MENTOR, OHIO — Marcus & Millichap has arranged the $8.7 million sale of Mentor City Shopping Center. The 140,918-square- foot retail property is located at 7845 Mentor Ave. in Mentor. Babies R Us, T.J. Maxx, Dollar Tree and Aldi anchor the shopping center, which was 96 percent occupied at the time of sale. Seth Richard of Marcus & Millichap’s Manhattan office and Laurie Ann Drinkwater of Marcus & Millichap’s Boston office, along with the firm’s retail team of Craig Fuller, Erin Patton and Scott Wiles, represented the New York-based seller. Wiles, Patton and Fuller also represented the undisclosed buyer.

November 5, 2014

Illinois Midwest Office

MB Real Estate Arranges 105,437 SF Office Lease in Rolling Meadows, Ill.

by Danielle Everson November 5, 2014

ROLLING MEADOWS, ILL. — MB Real Estate has arranged a 105,437-square-foot lease renewal for the headquarters of Komatsu America Corp. in Rolling Meadows. Komatsu America Corp. will occupy space located within Continental Tower I at 1701 Golf Road in the Northwest suburb of Chicago. The company is a U.S. subsidiary of Komatsu Ltd., a manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment. The firm operates its U.S. headquarters from the Rolling Meadows location. The company maintains a world headquarters in Tokyo, as well as locations in more than 150 countries. Michael Hull of MB Real Estate represented Komatsu America Corp. in the lease renewal. Dave Trumpy of GlenStar Properties represented ownership.

November 5, 2014

Newer Posts

Older Posts