Property Type

Window Nation Signs 50,698 SF Office Lease at Maple Lawn Mixed-Use Community in Baltimore

by John Nelson February 9, 2024

BALTIMORE — Window Nation has signed a 50,698-square-foot lease at 8110 Maple Lawn Blvd., a 104,412-square-foot office building situated within the Maple Lawn mixed-use community in Baltimore. Maple Lawn, which is being developed by Greenebaum Enterprises and St. John Properties, comprises 1,300 residences and 150,000 square feet of retail space, in addition to more than 1 million square feet of office space. Bill Jautze of St. John Properties represented the landlord in the lease negotiations on an internal basis, and Rick Williamson of St. John Properties represented the tenant.

February 9, 2024

Development Hospitality Texas

Choice Hotels, HighSide to Open Five EverHome Suites Hotels in Texas in 2025

by Taylor Williams February 9, 2024

ROCKVILLE, MD. — Choice Hotels International, a Maryland-based operator, will open five hotels under its EverHome Suites brand in Texas throughout the course of 2025. Denver-based HighSide Cos. is developing all of the hotels, which will be located in Amarillo, Bastrop, Brownsville, El Paso and Waco. Choice Hotels will retain full ownership of the Bastrop property. Construction is underway on all five hotels, each of which will have between 114 and 122 apartment-style rooms that will feature fully equipped kitchens, spa-style bathrooms and both open and closed storage spaces.

February 9, 2024

Development Industrial Self-Storage Texas

Bakke, Batson-Cook Break Ground on 762-Unit Self-Storage Facility in McAllen, Texas

by Taylor Williams February 9, 2024

MCALLEN, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 762-unit self-storage facility in the Rio Grande Valley city of McAllen. The site on South McColl Road spans roughly two acres, and the building will rise three stories and house 85,825 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer Halff, general contractor Independent Contractors and construction lender Security State Bank. Completion is slated for the first quarter of 2025. The project marks the fourth self-storage collaboration between the two firms, with the most recent project, an 802-unit facility also in McAllen, beginning in early 2023.

February 9, 2024

Development Multifamily Texas

NRP Group Completes 368-Unit Mixed-Income Residential Project in Killeen, Texas

by Taylor Williams February 9, 2024

KILLEEN, TEXAS — Cleveland-based developer The NRP Group has completed Station42, a 368-unit mixed-income residential project located in the Central Texas city of Killeen. Units come in one-, two- and three-bedroom floor plans, and more than half of the residences are reserved for households earning 80 percent or less of the area median income. The amenity package comprises a pool, fitness center, clubroom, gaming area, communal kitchen, coworking lounge, dog park, outdoor dining and entertainment areas and package handling services. Project partners include The City of Killeen Public Facility Corp., J.P. Morgan and Texas Capital Bank.

February 9, 2024

Acquisitions Multifamily Texas

Colliers Arranges Sale of 152-Unit Apartment Complex in Metro Houston

by Taylor Williams February 9, 2024

TOMBALL, TEXAS — Colliers has arranged the sale of Oak Bend Place, a 152-unit apartment complex in the northern Houston suburb of Tomball that was originally built in 1984. According to Apartments.com, the property offers two-bedroom units that range in size from 834 to 907 square feet and amenities such as a pool, pet play area and outdoor grilling and dining stations. Chip Nash, Bob Heard, Kitty Wallace and Jaleel Adatia of Colliers represented the seller, Alphil Investments, in the transaction. The buyer was not disclosed.

February 9, 2024

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 14,605 SF Retail Building in Cypress, Texas

by Taylor Williams February 9, 2024

CYPRESS, TEXAS — Marcus & Millichap has brokered the sale of a 14,605-square-foot retail building in the northwestern Houston suburb of Cypress. The vacant building, which was most recently occupied by CVS, was originally constructed in 2002. James Bell and Watt Harrison of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction.

February 9, 2024

Development Industrial New Jersey Northeast

CenterPoint Delivers 321,875 SF Industrial Project in Linden, New Jersey

by Taylor Williams February 9, 2024

LINDEN, N.J. — Chicago-based investment and development firm CenterPoint Properties has delivered a 321,875-square-foot industrial project in the Northern New Jersey community of Linden. The site, which formerly housed a Walmart-anchored shopping center, is located within four miles of two I-95 interchanges. Building features include a clear height of 40 feet, 50 loading docks with room to expand and parking for up to 100 trailers and some 250 cars. CODA Logistics & Distribution preleased the entire facility last spring. Construction began in late 2022.

February 9, 2024

Acquisitions Colorado Multifamily Western

Garrett Cos. Sells Two-Property Multifamily Portfolio in Metro Denver to Harbor Group for $132.5M

by Amy Works February 9, 2024

CASTLE ROCK AND DENVER, COLO. — The Garrett Cos. has completed the sale of a two-property multifamily portfolio, totaling 434 apartments, to affiliates of Harbor Group International for $132.5 million. The portfolio includes The Prospector Modern Apartments at 3360 Esker Circle in Castle Rock and Ladora Modern Apartments at 18590 E. 61st Ave. in Denver. Prospector features 238 one-, two- and three-bedroom floorplans averaging 1,013 square feet, and Ladora offers 196 one-, two- and three-bedroom floorplans with an average apartment size of 1,024 square feet. Both assets were built in 2023 and are approaching lease up. Community amenities at the properties include resort-style pools, fitness centers, mail and package services, and pet parks and spas. Terrance Hunt, Shane Ozment, Andy Hellman and Justin Hunt of CBRE’s multifamily investment properties team in Denver represented the seller. Shawn Rosenthal, Jason Gaccione and Jake Salkovitz of CBRE’s New York office, along with Brady O’Donnell and Jill Haug of CBRE’s Denver office, arranged acquisition financing for the buyer.

February 9, 2024

California Development Loans Multifamily Seniors Housing Western

JLL Capital Markets Arranges $51.1M in Construction Financing for Active Adult Project in Danville, California

by Amy Works February 9, 2024

DANVILLE, CALIF. — JLL Capital Markets has arranged $51.1 million in construction financing for a 50-unit active adult condominium development in Danville, located in the San Ramon Valley east of the Bay Area. Matt Cimino and Jordan Angel of JLL represented the borrowers, Jeff Stone of Diamond Construction and three high-net-worth individuals, in securing the financing from a Southern California-based lender. Located at 375 W. El Pintado, the development will feature 13 one-bedroom, 29 two-bedroom and eight three-bedroom condominium-style units. Community amenities include a lounge, game area, library, rooftop terrace with bocce ball, firepits, barbecue and fitness center. Slated for delivery in 2025, the project is restricted to residents age 55 and older.

February 9, 2024

Acquisitions Arizona Industrial Western

ViaWest Group Acquires 428,427 SF Industrial Campus in Gilbert, Arizona

by Amy Works February 9, 2024

GILBERT, ARIZ. — ViaWest Group has purchased a 428,427-square-foot industrial property in the Phoenix suburb of Gilbert for an undisclosed price. Situated on 26.9 acres, the campus features six buildings housing 11 tenants. At the time of sale, the property was 98 percent occupied. The properties feature 15-foot to 30-foot clear heights, 64 dock-high doors, 23 grade-level doors and 639 car parking spaces. The campus comprises a 108,212-square-foot building at 955 N. Fiesta Blvd., a 126,472-square-foot facility at 1171 and 1191 N. Fiesta Blvd., a 180,087-square-foot building at 2075 and 2135 W. Obispo Ave. and a 13,656-square-foot property at 2020 W. Guadalupe Road. Mark Detmer, Greer Oliver, Ryan Sitov and Connor Nebekey-Hay of JLL Capital Markets facilitated the transaction. The name of the seller was not released. Kevin MacKenzie, Jason Carlos and Jarrod Howard of JLL secured financing for the buyer. Steve Larsen of JLL is marketing the portfolio for lease.

February 9, 2024

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