Property Type

Siemens Energy Executes 55,279 SF Office Lease to Fully Occupy 540 Tech Center in Raleigh

by John Nelson January 30, 2025

RALEIGH, N.C. — Siemens Energy has signed a 55,279-square-foot lease at 540 Tech Center, a 110,500-square-foot office building located at 4912 Green Road in Raleigh. The tenant doubled its office footprint at the property and is now the sole occupant. Matt Winters and Kimarie Ankenbrand of JLL represented Siemens Energy in the lease transaction. Dennis Hurley, also with JLL, represented the undisclosed landlord. Siemens Energy is expected to occupy the new space, which features lab space for research-and-development purposes, in July.

January 30, 2025

Development Leasing Activity Multifamily Retail Southeast Tennessee

Portman Signs SweatHouz to Retail Lease at Starling Apartment Community in Nashville

by John Nelson January 30, 2025

NASHVILLE, TENN. — Portman has signed contrast therapy studio SweatHouz to a retail lease at Starling, a 359-unit apartment community in Nashville’s Germantown neighborhood. With this lease, Starling’s 17,000 square feet of retail space is fully committed to concepts including Toastique, Solidcore, Retrograde Coffee, Social Cantina, KyuRamen and PannePazze. The new SweatHouse is set to open in August and will be the brand’s first location in Nashville and second in Tennessee. The location will offer private suites featuring infrared saunas, cold plunges and vitamin-C showers for members.

January 30, 2025

Acquisitions Industrial Texas

Rosewood, Pillar Buy 200,765 SF Industrial Property in East Plano

by Taylor Williams January 30, 2025

PLANO, TEXAS — A partnership between two locally based investment firms, Rosewood Property Co. and Pillar Commercial, has purchased a 200,765-square-foot industrial property in Plano. The two-building facility was built in 2022 within Plano Commerce Center on the city’s east side and features 24-foot clear heights, dock-high doors, rear-load configurations and 185-foot truck court depths. The property was 71 percent leased at the time of sale to tenants such as Acre Security, Ulrich Medical USA, Cheer Athletics and Senderra Specialty Pharmacy. Provident Realty Advisors sold the property for an undisclosed price.

January 30, 2025

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 192-Unit Destino Apartments in Grand Prairie, Texas

by Taylor Williams January 30, 2025

GRAND PRAIRIE, TEXAS — Marcus & Millichap has brokered the sale of The Destino, a 192-unit apartment complex located roughly midway between Dallas and Fort Worth in Grand Prairie. The Destino comprises 18 buildings that were built on an 11-acre site in the 2000s. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, outdoor kitchen, playground and a dog park. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Atlantic Multifamily, in the transaction. The duo also procured the buyer, a New York-based private investment company.

January 30, 2025

Leasing Activity Restaurant Retail Texas

GBT Realty Lands Five New Tenant Commitments at 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams January 30, 2025

KYLE, TEXAS — Tennessee-based developer GBT Realty Corp. has landed five new tenant commitments at The Shops at The Brick & Mortar District, a 42,000-square-foot shopping center in the Central Texas city of Kyle that is nearing completion. The tenants are Playa Bowls, Jeremiah’s Italian Ice, Skip’s Beer Wine & Liquor, Square Nails Austin and Perspire Sauna Studio. Sprouts Farmers Market is the anchor tenant of the center, which is now 90 percent preleased ahead of the scheduled late-summer completion date.

January 30, 2025

Leasing Activity Office Texas

Chobani Signs 28,674 SF Office Lease at HALL Park in Frisco

by Taylor Williams January 30, 2025

FRISCO, TEXAS — Chobani LLC has signed a 28,674-square-foot office lease at HALL Park in Frisco. The yogurt maker is relocating from nearby Plano to The Tower at HALL Park, a 16-story building whose ongoing capital improvements are part of the first phase of the park’s $7 billion redevelopment. Lee Wagner of Site Selection Group and Tim Stewart of TaTonka Real Estate Advisors represented Chobani in the lease negotiations. Kim Butler, Brad Gibson and Rena Padachy internally represented the owner, HALL Group.

January 30, 2025

Leasing Activity Office Texas

Oxford Partners Negotiates 12,899 SF Office Lease Renewal in West Houston

by Taylor Williams January 30, 2025

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 12,899-square-foot office lease renewal in West Houston. According to LoopNet Inc., the building at 11511 Katy Freeway, which was built in 1978 and renovated in 1996, totals 80,741 square feet. Ryan Hartsell of Oxford Partners represented the tenant, the Texas Health School, in the lease negotiations. The undisclosed landlord was self-represented.

January 30, 2025

Arizona Development Multifamily Student Housing Western

PeakMade Real Estate to Break Ground on 395-Unit Multifamily Community Near University of Arizona

by Amy Works January 30, 2025

TUCSON, ARIZ. — PeakMade Real Estate is set to break ground on Theory Tucson, a 395-unit mixed-use development located near the University of Arizona campus in Tucson. The conventional multifamily project, which will also contain some retail space, is designed to appeal to students as well as the local population. The 19-story community will span 686,000 square feet, offering units in studio, one-, two-, three- and four-bedroom configurations. Shared amenities will include a lounge, fitness area, coworking space and a rooftop swimming pool. The transit-oriented development will also feature access to a local rail line. The development team for the project includes M.A. Mortenson Co., Gensler, Power Design, Suntec Engineering and Rick Engineering. The community is scheduled for completion in fall 2027.

January 30, 2025

Acquisitions Multifamily Nevada Seniors Housing Western

JLL Arranges Sale of 121-Bed Skilled Nursing Facility in Henderson, Nevada for $33M

by Amy Works January 30, 2025

HENDERSON, NEV. — A joint venture between CREC Real Estate and The Calida Group has sold Coronado Ridge Skilled Nursing and Rehabilitation Center, a skilled nursing facility in the Las Vegas suburb of Henderson, for $33 million. JLL’s Seniors Housing Capital Markets team, in conjunction with Mark Wintner of JLL, represented the seller in the transaction. Completed in 2017, the facility totals 121 beds across 90 resident rooms. The 68,873-square-foot property is situated on 2.3 acres across from a 132-unit seniors housing community and a 62-unit memory care facility.

January 30, 2025

Acquisitions Arizona Multifamily Western

Aultas Sells 100-Unit Table Rock Multifamily Property in Flagstaff, Arizona

by Amy Works January 30, 2025

FLAGSTAFF, ARIZ. — Aultas has completed the disposition of Table Rock, an apartment community in Flagstaff, to Investors Capital Group for $25.9 million, or $259,000 per unit. Located at the intersection of interstates 17 and 40, Table Rock features 100 two- and three-bedroom floor plans, averaging 1,032 square feet. The community also features a leasing office, clubhouse and fitness center. The property was built in 1998. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

January 30, 2025

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