Property Type

CBRE Arranges $30.1M Financing for Columbia Multifamily Development

by Jaime Lackey September 30, 2014

COLUMBIA, S.C. — CBRE Group Inc. has arranged $30.1 million in non-recourse construction and permanent financing for The Atlantic at Parkridge, a 298-unit apartment complex that will be built in Columbia’s Irmo submarket. CBRE arranged the financing through HUD’s 221(d)(4) new construction mortgage insurance program, which provides an interest-only construction period of 22 months with a 40-year, fully amortizing permanent loan. Steve Heffner of CBRE’s capital markets group in Charlotte co-originated the loan with Monica Newman of CBRE’s capital markets group in Denver on behalf of the sponsors, New York-based AVR Realty Co. LLC and Charleston-based Middle Street Partners LLC. The project team includes Orlando-based architect Humphreys & Partners and Jacksonville-based general contractor Summit Contracting Group Inc.

September 30, 2014

Georgia Retail Southeast

The Shopping Center Group Brings New Tenants to Paulding Commons

by Jaime Lackey September 30, 2014

HIRAM, GA. — The Shopping Center Group has arranged Planet Fitness’ 20,000-square-foot lease at Paulding Commons, a 210,000-square-foot shopping center in Hiram, about 27 miles northwest of Atlanta. The Planet Fitness is expected to open in late 2014, while new tenants Aspen Dental and Vision Works are slated to open in the fall. The new trio of tenants will be joining established retailers Academy Sports + Outdoors and Hobby Lobby at Paulding Commons. Brett Fuller of The Shopping Center Group represented the landlord, NewQuest Epic Investments, in the lease transactions. The shopping center is currently undergoing a $2 million renovation, which is slated to wrap up in the fall.

September 30, 2014

Georgia Seniors Housing Southeast

Senior Living Brokers $33.6M Sale-Leaseback for Two Metro Atlanta Facilities

by Jaime Lackey September 30, 2014

HOSCHTON AND CUMMING, GA. — Senior Living Investment Brokerage Inc. has facilitated the sale-leaseback of two assisted living communities in metro Atlanta totaling $33.6 million. The two properties are The Oaks at Braselton in Hoschton and The Oaks at Post Road in Cumming. Built in 2011, The Oaks at Braselton features 46 assisted living units and 34 memory care units. Built in 2007, The Oaks at Post Road features 64 assisted living units and 36 memory care units. The current operator, Oaks Senior Living, will continue to operate both communities under a long-term lease agreement. Bradley Clousing of Senior Living Investment Brokerage brokered the transaction.

September 30, 2014

Illinois Midwest Office

NAI Hiffman Brokers Sale of Office Condominiums in St. Charles, Ill.

by Jaime Lackey September 30, 2014

SAINT CHARLES, ILL. — NAI Hiffman has arranged the sale of two office condominiums totaling 8,238 square feet in St. Charles. The properties are located at 3310 W. Main St. The buyer, Trustee for Landrus Realty 401K Plan & Pension Fund, purchased the suites as an investment. The property features a brick and stone veneer exterior, an atrium, signage along Route 64 and Peck Road and is less than three miles from Delnor Community Hospital. Adam Johnson of NAI Hiffman’s office services group represented PB II OREO LLC in the transaction. Jake Finley of Conlon Commercial represented the buyer.

September 30, 2014

Colorado Multifamily Western

Remington Place Apartments in Denver Changes Hands

by Jaime Lackey September 30, 2014

DENVER — The 120-unit Remington Place apartment complex in Denver has sold to Virtú Investments for $15.1 million. The community is located at 8000 E. Girard Ave. It was built in 1970. The property is near the DTC Business Corridor, the largest employment center in metro Denver. It was 95 percent leased at the time of sale. The seller, Busboom Group, was represented by Terrance Hunt, Shane Ozment, Andy Hellman and Kevin Jewett of ARA Colorado.

September 30, 2014

Industrial Nevada Western

Schnabel Ventures Buys Kleppe-Greg Business Park In Sparks

by Jaime Lackey September 30, 2014

SPARKS, NEV. — Schnabel Ventures and its partners have acquired Kleppe-Greg Business Park, a 150,000-square-foot industrial flex business park in Sparks, for an undisclosed sum. The five-building park is located at 1215 & 1275 Kleppe Lane, 1250 & 1220 Greg Street and 1455 Deming Way. It will soon undergo a major renovation.

September 30, 2014

Colorado Industrial Western

WG Enterprises Buys Two Industrial Buildings in Denver for $3.1M

by Jaime Lackey September 30, 2014

DENVER — WG Enterprises LLC has acquired two industrial buildings in Denver for $3.1 million. The buildings are located at 8100-8300, 8130 and 8131 East 40th Ave. They total 18,158 square feet. WG Enterprises was represented by Greg Knott and Brad Gilpin of Unique Properties. The seller, the Duff Estate, was represented by Alec Rhodes, Tyler Smith and Aaron Valdez of Cassidy Turley.

September 30, 2014

Colorado Office Western

Brown And Caldwell Leases 32,925 SF of Office Space in Lakewood

by Jaime Lackey September 30, 2014

LAKEWOOD, COLO. — Brown and Caldwell has leased 32,925 square feet of office space in Lakewood. The space is located at 1527 Cole Blvd. The engineering firm was represented by Joe Sigdestad and Ted Harris of Cassidy Turley. The landlord, Denver West Office Leasing Company, was represented by CBRE’s Blake Harris.

September 30, 2014

Industrial Oregon Western

Swagelok Leases Space at Portland Commerce Park

by Jaime Lackey September 30, 2014

PORTLAND, ORE. — Swagelok has leased 22,500 square feet at a commerce park in Portland. The park is located at 5224 NE 158th Ave. The fluid system seller and manufacturer was represented by Niall Travers of Cresa Partners. The landlord, CWOR Commerce Park 10 LLC, was represented by Steven Klein, Peter Stalick and Zach Francis of Kidder Mathews.

September 30, 2014

Office Texas

Norwood Land Services to Relocate in Fort Worth’s Oncor Building

by Jaime Lackey September 30, 2014

FORT WORTH — Norwood Land Services will relocate in mid-October to the Oncor Building in downtown Fort Worth from the city’s west side. Norwood has leased 7,920 square feet on the 13th floor of the 300,347-square-foot building, which is located at 115 W. 7th St. The lease brings the building’s occupancy to 94 percent. Casey Tounget of Coldwell Banker Commercial Alliance’s Dallas office represented the landlord, Benbrooke Electric Partners LLC. Bill Tinsley of Ellis & Tinsley Inc. represented the tenant. Norwood is moving from its current location at 6421 Camp Bowie Blvd.

September 30, 2014

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