Property Type

PNK Group Delivers $120M Distribution Center in High Point, North Carolina

by John Nelson January 28, 2025

HIGH POINT, N.C. — PNK Group has delivered a $120 million distribution center in High Point, a city in North Carolina’s Piedmont Triad region. The nearly 1.1 million-square-foot project is a build-to-suit development for Ecolab Corp., a publicly traded water, hygiene and infection preventions solutions provider based in St. Paul, Minn. PNK Group bought the land, designed the building and supervised the entire construction process. The High Point project is the second build-to-suit between PNK Group and Ecolab, with the first located in Atlanta.

January 28, 2025

Development Multifamily Southeast Tennessee

Mill Creek Underway on 396-Unit Apartment Community in Nashville

by John Nelson January 28, 2025

NASHVILLE, TENN. — Mill Creek Residential is underway on the construction of Modera Nations, a 396-unit apartment community situated along the Cumberland River in Nashville’s The Nations neighborhood. The podium-style community will over views of the river and the downtown Nashville skyline and will eventually include a trailhead to the city’s Greenways expansion on the north end of the property. Located at 1650 54th Ave. N, Modera Nations will offer studio, one-, two- and three-bedroom apartments, as well as a bowling alley. Other amenities will include a resort-style swimming pool, spa with two saunas and a cold plunge tub, coworking lounge, fitness center, courtyards, community garden, dog park, rooftop deck, EV charging stations, bike lockers and a cold storage delivery station. Mill Creek plans to deliver the community by the end of the year.

January 28, 2025

Acquisitions Industrial Texas

BKM Capital Partners Acquires 260,887 SF Industrial Property in Southwest Houston

by Taylor Williams January 28, 2025

HOUSTON — California-based investment firm BKM Capital Partners has acquired West Belt Business Park, a 260,887-square-foot industrial property in southwest Houston. West Belt Business Park consists of five buildings that house 30 tenant spaces ranging in size from 770 to 23,000 square feet. Charlie Strauss, Lance Young and Clay Anderson of JLL represented the undisclosed seller in the transaction. BKM, which plans to implement a value-add program, was self-represented. The property was fully leased at the time of sale to a tenant roster with a weighted average remaining lease term of just under three years.

January 28, 2025

Acquisitions Florida Retail Southeast

Sagard Real Estate Sells 335,995 SF Shopping Center in Altamonte Springs, Florida

by John Nelson January 28, 2025

ALTAMONTE SPRINGS, FLA. — Denver-based Sagard Real Estate (formerly EverWest Real Estate Investors) has sold Marketplace at Altamonte, a 335,995-square-foot shopping center located in Altamonte, roughly 16 miles outside Orlando. According to the Orlando Business Journal, an entity associated with Centro Property Management LLC purchased the property for $28.9 million from Sagard’s core equity fund. The center was 55 percent occupied at the time of sale to tenants including Burlington, Ross Dress for Less and Total Wine & More. Sagard originally acquired the center in 2005.

January 28, 2025

Development Louisiana Office Southeast

Feil Organization Completes $4M Overhaul at One Lakeway Office Building in Metairie, Louisiana

by John Nelson January 28, 2025

METAIRIE, LA. — The Feil Organization has completed a $4 million renovation of the common areas at One Lakeway, an office building within the 1.2 million Lakeway office complex in Metairie. Feil partnered with AGL Commercial Interiors and AECOM Tishman on the project. The renovation included new art installations, furniture and finishes in the lobby, as well as landscaping improvements for the courtyard between One and Two Lakeway. Additionally, the overhaul included renovations to the café, rebranded now as Lakeway Café, and the installation of outdoor dining areas. Feil is underway on the lobby renovations at Two Lakeway and expects to complete construction by the end of the year.

January 28, 2025

Acquisitions Multifamily Texas

Newmark Arranges $28.8M Sale of Apartment Complex in Victoria, Texas

by Taylor Williams January 28, 2025

VICTORIA, TEXAS — Newmark has arranged the $28.8 million sale of Aria Victoria, an apartment complex located about 85 miles north of Corpus Christi in South Texas. According to Apartments.com, the property was built in 2015 and totals 240 units. Residences come in one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, business center, grilling stations, dog park and an outdoor lounge. Brad Shaffer of Newmark represented the undisclosed seller in the transaction. The buyer was an entity doing business as Aria Victoria Apartments LLC.

January 28, 2025

Acquisitions Office Texas

JLL Brokers Sale of 186,747 SF Lockton Place Office Building in Houston

by Taylor Williams January 28, 2025

HOUSTON — JLL has brokered the sale of Lockton Place, a 186,747-square-foot office building in Houston’s Westchase area. The eight-story building was constructed in 1986 and was 96 percent leased at the time of sale, with insurance brokerage firm Lockton serving as the anchor tenant. Amenities include a tenant lounge, café and a fitness center. Rick Goings, Marty Hogan and Kevin McConn of JLL represented the seller, a partnership between Triten Real Estate Partners and Affinius Capital, in the transaction. Florida-based investment firm Galium Capital purchased Lockton Place for an undisclosed price.

January 28, 2025

Leasing Activity Office Texas

Horace Mann Signs 50,033 SF Office Lease in Plano

by Taylor Williams January 28, 2025

PLANO, TEXAS — Horace Mann, a provider of insurance and financial advisory services for teachers and public servants, has signed a 50,033-square-foot office lease in Plano. Horace Mann will relocate from Addison and occupy the entire third floor of the building at 6275 W. Plano Parkway, which is located within the 300-acre International Business Park development. Ryan Buchanan and Josh White with CBRE represented the tenant in the lease negotiations. Trevor Franke and Gini Rounsaville of JLL represented the landlord, Billingsley Co.

January 28, 2025

Acquisitions Development Mixed-Use Texas

M2G Ventures, Evergen Buy 50,000 SF Mixed-Use Property in South Austin, Plans Redevelopment

by Taylor Williams January 28, 2025

AUSTIN, TEXAS — A partnership North Texas-based investment firm M2G Ventures and Austin-based Evergen Equity has purchased a 50,000-square-foot mixed-use property in South Austin. The facility at 211 E. Alpine Drive currently houses industrial, office and retail space. M2G plans to enhance the property’s landscaping, parking and painting, as well as to upgrade common areas, restrooms, interior and exterior lighting and storefronts. M2G will also introduce public art installations and rebrand the property as ALCO and has tapped CSA Realty Group is the leasing agent.

January 28, 2025

Golden-Triangle-Logistics-Center-Wallkill

Development Industrial New York Northeast

Crow Holdings Underway on 834,800 SF Industrial Project in Wallkill, New York

by Taylor Williams January 28, 2025

WALLKILL, N.Y. — Crow Holdings Development is underway on construction of an 834,800-square-foot industrial project in Wallkill, about 70 miles north of New York City. Golden Triangle Logistics Center will be a 92-acre development with two buildings that will total 535,600 and 299,200 square feet. The first building, which is slated for a summer delivery, will feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 cars. JLL originally brokered the land sale behind Golden Triangle Logistics Center and has also been retained as the leasing agent.

January 28, 2025

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