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Campus-Lodge-Norman
AcquisitionsMultifamilyOklahomaStudent HousingTexas

Marcus & Millichap Brokers Sale of 192-Unit Student Housing Property Near University of Oklahoma

by Taylor Williams

NORMAN, OKLA. — Marcus & Millichap has brokered the sale of Campus Lodge, a 192-unit student housing property located about two miles from the University of Oklahoma campus in Norman. Built in 2004, Campus Lodge comprises 19 buildings that house 768 beds in three- and four-bedroom layouts. Amenities include a pool, sand volleyball court, basketball court, outdoor grilling and dining stations and a coffee bar. Patrick Mullowney and Joel Dumes of Marcus & Millichap represented the seller, The Collier Cos., in the transaction. The duo also procured the buyer, Denver-based investment firm Cardinal Group. Campus Lodge was 97 percent occupied at the time of sale.

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Commerce-Square-Denver-CO
AcquisitionsColoradoIndustrialWestern

Graham Street Realty Sells 144,464 SF Commerce Square Industrial Property in Denver

by Amy Works

DENVER — Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has completed the disposition of Commerce Square, a light industrial facility located in the Interstate 70 East submarket in Denver. Terms of the transaction were not released. GSR originally purchased Commerce Square in December 2020. The asset comprises 144,464 rentable square feet of shallow-bay light space across two Class B buildings. Commerce Square offers above-standard loading capabilities, front park/rear load orientation, 18-foot clear heights, dock and drive-in loading capabilities and 265 parking spaces. At the time of sale, the property was 96.4 percent leased. Paramount Property Co., an Oakland, Calif.-based GSR affiliate, managed Commerce Square during GSR’s ownership of the asset.

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AcquisitionsColoradoOfficeWestern

Coldwell Banker Brokers $7.3M Acquisition of Office Building in Longmont, Colorado

by Amy Works

LONGMONT, COLO. — Coldwell Banker Commercial Realty has arranged the sale of an office and research and development building in Longmont, approximately 35 miles north of Denver. Mountain View Fire Protection District acquired the asset from Gunbarrel Properties LLC for $7.3 million. Constructed in 1998, the two-story building features 36,900 square feet of space. The property is located at 6328 Monarch Park Place. Brian Campbell of Coldwell Banker Commercial Realty represented the buyer in the deal.

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13000-13160-Palm-Dr-Desert-Hot-Springs-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Partners Negotiates $6.1M Sale of Value-Add Retail Property in Desert Hot Springs, California

by Amy Works

DESERT HOT SPRINGS, CALIF. — Progressive Real Estate Partners has brokered the sale of a retail property, located at 13000-13160 Palm Drive in Desert Hot Springs, located in the Coachella Valley. An Orange County-based private investor sold the property to a Los Angeles County-based private investor for $6.1 million in an all-cash transaction. Totaling 33,004 square feet, the property features a multi-tenant building and two pad buildings, one of which is occupied by Chase Bank. Greg Bedell of Progressive Real Estate Partners represented the seller, while Heather Sharp of Progressive Real Estate Partners procured the buyer in the transaction.

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AcquisitionsIndustrialLoansTexas

Denholtz Properties Acquires 213,235 SF Industrial Building in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — New Jersey-based investment firm Denholtz Properties has acquired Clovis Crossing, a 213,235-square-foot industrial building in San Marcos, located roughly midway between San Antonio and Austin. The newly constructed, two-building facility sits on 13 acres and features 32-foot clear heights. Mike Klein, Jon Mikula, Michael Johnson and John Beeler of JLL arranged $26.1 million in acquisition financing for the deal through Palladius Capital Management. Charles Strauss, Tom Weber and Trent Agnew, also with JLL, represented the seller, Freehill Development Co.

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IndustrialLeasing ActivityTexas

Holt Lunsford Arranges 90,278 SF Industrial Lease in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has arranged a 90,278-square-foot industrial lease at South Fort Worth Commerce Center. The two-building complex is located at the northeast corner of I-35W and Everman Parkway. Matt Carthey and Thomas Grafton of Holt Lunsford Commercial represented the landlord, IDI Logistics, in the lease negotiations. Andrew Johnson of Colliers represented the tenant, Kurita America, a provider of water treatment solutions.

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IndustrialLeasing ActivityOfficeTexas

KCW Enterprises Signs 38,180 SF Lease Renewal at Industrial Flex Facility in Plano

by Taylor Williams

PLANO, TEXAS — KCW Enterprises has signed a 38,180-square-foot lease renewal at an industrial flex facility located at 2600 Research Drive in Plano. According to LoopNet Inc., the property was built in 1998 and totals 82,545 square feet. Brian Pafford and Jared Laake of Bradford Commercial Real Estate Services represented the landlord, Kennington Research LLC, in the lease negotiations. Grace Bowers of Colliers represented the tenant.

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DevelopmentIllinoisMidwestMultifamily

Joint Venture Opens 248-Unit Saint Grand Luxury Apartment Complex in Chicago

by Kristin Harlow

CHICAGO — A joint venture between Mavrek Development, Double Eagle Development, Luxury Living and GW Properties has opened The Saint Grand, a 248-unit luxury apartment complex in Chicago’s Streeterville neighborhood. In addition to the apartment units, the project includes 45,000 square feet of office space and 8,000 square feet of street-level retail space. The first residents began moving in last month. Amenities include a fitness center, coworking spaces, lounges and a rooftop pool deck that is scheduled to open in May. The project team included architecture firm NORR, general contractor Lendlease and interior designer Harken Interiors. Cushman & Wakefield is handling residential and commercial property management.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

New Perspective Nears Completion of Senior Living Community in Weldon Spring, Missouri

by Kristin Harlow

WELDON SPRING, MO. — New Perspective is nearing completion of a new senior living community in Weldon Spring, about 30 miles west of St. Louis. A leasing office is now open at the property, which is scheduled for completion this summer. The community will offer independent living, assisted living and memory care services. The number of units was not provided.

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Leasing ActivityMidwestMissouriOffice

NISA Investment Advisors Opens 95,000 SF Headquarters Office in St. Louis

by Kristin Harlow

ST. LOUIS — NISA Investment Advisors LLC, an independent and employee-owned firm, has opened a new headquarters office in St. Louis. The 95,000-square-foot office is located at 7676 Forsyth Blvd. and represents an approximate 20 percent increase in square footage over the firm’s prior location. NISA, which was founded in St. Louis 30 years ago, currently has more than 390 employees and manages $526 billion in assets.

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