REBusinessOnline https://rebusinessonline.com Commercial Real Estate from Coast to Coast Wed, 20 Jan 2021 17:04:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.4 https://rebusinessonline.com/wp-content/uploads/2020/09/cropped-REBusiness-logo-512px-32x32.png REBusinessOnline https://rebusinessonline.com 32 32 Sansone Group, Argos Capital Partners to Develop 245,000 SF Distribution Center in Port St. Lucie, Florida https://rebusinessonline.com/sansone-group-argos-capital-partners-to-develop-245000-sf-distribution-center-in-port-st-lucie-florida/?utm_source=rss&utm_medium=rss&utm_campaign=sansone-group-argos-capital-partners-to-develop-245000-sf-distribution-center-in-port-st-lucie-florida Wed, 20 Jan 2021 16:00:22 +0000 http://rebusinessonline.com/?p=282674

PORT ST. LUCIE, FLA. — Sansone Group and Argos Capital Partners will develop Legacy Park at Tradition in Port St. Lucie. The distribution park will comprise 375 acres that will house eight industrial buildings and span 3.2 million square feet upon full buildout, which is slated for 2023. In December, the developers acquired the first […]

The post Sansone Group, Argos Capital Partners to Develop 245,000 SF Distribution Center in Port St. Lucie, Florida appeared first on REBusinessOnline.

]]>
Office Depot Parent Company Rejects Staples’ $2.1B Acquisition Offer https://rebusinessonline.com/office-depot-parent-company-denies-staples-2-1b-offer-of-acquisition/?utm_source=rss&utm_medium=rss&utm_campaign=office-depot-parent-company-denies-staples-2-1b-offer-of-acquisition Wed, 20 Jan 2021 15:59:05 +0000 http://rebusinessonline.com/?p=282672 BOCA RATON, FLA. — ODP Corp. (Nasdaq: ODP), the parent company of Office Depot, has rejected USR Parent Inc.’s off-market transaction offer to acquire the Boca Raton-based retailer. USR, the parent company of office products retailer Staples and affiliate of Sycamore Partners, offered to buy ODP for $40 per share in an all-cash deal that […]

The post Office Depot Parent Company Rejects Staples’ $2.1B Acquisition Offer appeared first on REBusinessOnline.

]]>
University Partners Acquires 494-Bed Student Housing Community Near Clemson University https://rebusinessonline.com/university-partners-acquires-494-bed-student-housing-community-near-clemson-university/?utm_source=rss&utm_medium=rss&utm_campaign=university-partners-acquires-494-bed-student-housing-community-near-clemson-university Wed, 20 Jan 2021 15:54:41 +0000 http://rebusinessonline.com/?p=282669

CLEMSON, S.C. — University Partners has acquired Grandmarc, a 494-bed student housing community located near Clemson University in South Carolina. The property was built in 2017 and offers two- and four-bedroom units with bed-to-bath parity, as well as 9,000 square feet of retail space. Communal amenities include a pool and hot tub, 24-hour fitness center, clubhouse, private […]

The post University Partners Acquires 494-Bed Student Housing Community Near Clemson University appeared first on REBusinessOnline.

]]>
JLL Negotiates $9.1M Sale of Grocery-Anchored Shopping Center in Orlando https://rebusinessonline.com/jll-negotiates-9-1m-sale-of-grocery-anchored-shopping-center-in-orlando/?utm_source=rss&utm_medium=rss&utm_campaign=jll-negotiates-9-1m-sale-of-grocery-anchored-shopping-center-in-orlando Wed, 20 Jan 2021 15:53:21 +0000 http://rebusinessonline.com/?p=282666

ORLANDO, FLA. — JLL has negotiated the $9.1 million sale of Southgate Shopping Center, a 144,052-square-foot retail property in Orlando. Aldi anchors the center, which was 92 percent leased at the time of sale to tenants including AutoZone, dd’s Discount’s, Aaron’s and Value Pawn. Additionally, the property can be expanded with the addition of a 6,000-square-foot […]

The post JLL Negotiates $9.1M Sale of Grocery-Anchored Shopping Center in Orlando appeared first on REBusinessOnline.

]]>
Goldman Investment Advisors Brokers $4.1M Sale of Self-Storage Property Near Memphis https://rebusinessonline.com/goldman-investment-advisors-brokers-4-1m-sale-of-self-storage-property-near-memphis/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-investment-advisors-brokers-4-1m-sale-of-self-storage-property-near-memphis Wed, 20 Jan 2021 15:52:00 +0000 http://rebusinessonline.com/?p=282664 WYNNE, ARK. — Goldman Investment Advisors has brokered the $4.1 million sale of Handy Rentals, a 96,455-square-foot self-storage property in Wynne. The property spans nine acres and is located at 1306 S. Falls Blvd., 49 miles west of downtown Memphis. Milwaukee-based Bank Five Nine provided acquisition financing to the buyer, Wynne Properties Group. Larry Goldman […]

The post Goldman Investment Advisors Brokers $4.1M Sale of Self-Storage Property Near Memphis appeared first on REBusinessOnline.

]]>
Caydon Launches Phase II of 2.5 MSF Mixed-Use Laneways Project in Houston https://rebusinessonline.com/caydon-launches-phase-ii-of-2-5-msf-mixed-use-laneways-project-in-houston/?utm_source=rss&utm_medium=rss&utm_campaign=caydon-launches-phase-ii-of-2-5-msf-mixed-use-laneways-project-in-houston Wed, 20 Jan 2021 14:51:07 +0000 http://rebusinessonline.com/?p=282657 Laneways-Phase-II

HOUSTON — Australian development firm Caydon has launched Fitzroy Residences, a 32-story residential tower that represents Phase II of the company’s 2.5 million-square-foot Laneways mixed-use development in Houston. The building will house 191 condos ranging in size from 567 square feet for a studio unit to 2,243 square feet for a three-bedroom penthouse, as well […]

The post Caydon Launches Phase II of 2.5 MSF Mixed-Use Laneways Project in Houston appeared first on REBusinessOnline.

]]>
ViaWest Group Acquires Insight Enterprises Office Portfolio in Tempe, Plans Industrial Redevelopment https://rebusinessonline.com/viawest-group-acquires-insight-enterprises-office-portfolio-in-tempe-plans-industrial-redevelopment/?utm_source=rss&utm_medium=rss&utm_campaign=viawest-group-acquires-insight-enterprises-office-portfolio-in-tempe-plans-industrial-redevelopment Wed, 20 Jan 2021 14:44:46 +0000 http://rebusinessonline.com/?p=282597 6280-S-Harl-Ave-Tempe-AZ

TEMPE, ARIZ. — A joint venture partnership led by Phoenix-based ViaWest Group has purchased three real estate properties in Tempe from Insight Enterprises for $26.8 million. Phil Breidenback and Kathy Foster of Colliers International Arizona represented the seller and handled the transaction. The portfolio includes a 102,000-square-foot office building at 6280 S. Harl Ave., a […]

The post ViaWest Group Acquires Insight Enterprises Office Portfolio in Tempe, Plans Industrial Redevelopment appeared first on REBusinessOnline.

]]>
Crescent Communities, McShane Plan 317-Unit NOVEL Val Vista Apartments in Gilbert, Arizona https://rebusinessonline.com/crescent-communities-mcshane-plan-317-unit-novel-val-vista-apartments-in-gilbert-arizona/?utm_source=rss&utm_medium=rss&utm_campaign=crescent-communities-mcshane-plan-317-unit-novel-val-vista-apartments-in-gilbert-arizona Wed, 20 Jan 2021 14:39:57 +0000 http://rebusinessonline.com/?p=282600 NOVEL-Val-Vista-Gilbert-AZ

GILBERT, ARIZ. — Crescent Communities has selected McShane Construction Co. to build NOVEL Val Vista, an apartment community located on 8.6 acres in Gilbert. The wood-frame development will feature 317 apartments spread across three four-story, garden-style buildings and three two-story, carriage house buildings. Each unit offers upgraded matte black plumbing fixtures and black quartz countertops. […]

The post Crescent Communities, McShane Plan 317-Unit NOVEL Val Vista Apartments in Gilbert, Arizona appeared first on REBusinessOnline.

]]>
Westmount Realty Capital Sells 289,491 SF Industrial Building Occupied by FedEx in Columbus, Ohio https://rebusinessonline.com/westmount-realty-capital-sells-289491-sf-industrial-building-occupied-by-fedex-in-columbus-ohio/?utm_source=rss&utm_medium=rss&utm_campaign=westmount-realty-capital-sells-289491-sf-industrial-building-occupied-by-fedex-in-columbus-ohio Wed, 20 Jan 2021 14:39:32 +0000 http://rebusinessonline.com/?p=282650

COLUMBUS, OHIO — Westmount Realty Capital LLC has sold a 289,491-square-foot industrial building occupied by FedEx Supply Chain Inc. in Columbus for an undisclosed price. The building is situated within the Rickenbacker Global Logistics Industrial Park. FedEx has occupied the property since September 2019. Westmount acquired the building in late 2018 as part of a […]

The post Westmount Realty Capital Sells 289,491 SF Industrial Building Occupied by FedEx in Columbus, Ohio appeared first on REBusinessOnline.

]]>
NorthMarq Arranges $24.7M Loan for Refinancing of Multifamily Asset in St. Louis https://rebusinessonline.com/northmarq-arranges-24-7m-loan-for-refinancing-of-multifamily-asset-in-st-louis/?utm_source=rss&utm_medium=rss&utm_campaign=northmarq-arranges-24-7m-loan-for-refinancing-of-multifamily-asset-in-st-louis Wed, 20 Jan 2021 14:38:51 +0000 http://rebusinessonline.com/?p=282647

ST. LOUIS — NorthMarq has arranged a $24.7 million loan for the refinancing of Spanish Cove Townhomes in St. Louis. The 784-unit rental townhome property, located at 1708 San Remo Court, was constructed in 1971. It underwent a significant renovation from 2015 to 2018. Amenities include a pool, clubhouse, fitness center, business center, recreation room, […]

The post NorthMarq Arranges $24.7M Loan for Refinancing of Multifamily Asset in St. Louis appeared first on REBusinessOnline.

]]>
Rubenstein Real Estate Acquires 20,000 SF Office, Retail Building in Kansas City https://rebusinessonline.com/rubenstein-real-estate-acquires-20000-sf-office-retail-building-in-kansas-city/?utm_source=rss&utm_medium=rss&utm_campaign=rubenstein-real-estate-acquires-20000-sf-office-retail-building-in-kansas-city Wed, 20 Jan 2021 14:38:11 +0000 http://rebusinessonline.com/?p=282643 KANSAS CITY, MO. — An affiliate of Rubenstein Real Estate, together with an affiliate of Exact Architects, has acquired a 20,000-square-foot office and retail building located at the corner of Linwood and Main streets in Kansas City. At the time of sale, the building was 25 percent occupied. A new tenant will soon lease a […]

The post Rubenstein Real Estate Acquires 20,000 SF Office, Retail Building in Kansas City appeared first on REBusinessOnline.

]]>
KKR Buys 263,606 SF Distribution Facility in Goodyear, Arizona https://rebusinessonline.com/kkr-buys-263606-sf-distribution-facility-in-goodyear-arizona/?utm_source=rss&utm_medium=rss&utm_campaign=kkr-buys-263606-sf-distribution-facility-in-goodyear-arizona Wed, 20 Jan 2021 14:37:53 +0000 http://rebusinessonline.com/?p=282607 17017-W-Indian-School-Rd-Gilbert-AZ

GOODYEAR, ARIZ. — KKR has purchased a newly constructed 263,606-square-foot industrial distribution and warehouse property in Goodyear for $43.1 million. Principals of Minneapolis-based Provident Real Estate Ventures, along with Merit Partners and Sunbelt Holdings, sold the 263,606-square-foot facility. Situated on more than 15 acres, the property features three points of ingress and egress, a fully […]

The post KKR Buys 263,606 SF Distribution Facility in Goodyear, Arizona appeared first on REBusinessOnline.

]]>
Marcus & Millichap Brokers $5.5M Sale of Manufactured Housing Community in Iowa https://rebusinessonline.com/marcus-millichap-brokers-5-5m-sale-of-manufactured-housing-community-in-iowa/?utm_source=rss&utm_medium=rss&utm_campaign=marcus-millichap-brokers-5-5m-sale-of-manufactured-housing-community-in-iowa Wed, 20 Jan 2021 14:37:32 +0000 http://rebusinessonline.com/?p=282641 STORM LAKE, IOWA — Marcus & Millichap has brokered the $5.5 million sale of Vista Estates in Storm Lake. The 127-space manufactured housing community in western Iowa sits on 14.3 acres at 811 Vestal St. Of the community’s homes, 112 are tenant-owned. Andrean Angelov and Ryan Engle of Marcus & Millichap marketed the property on […]

The post Marcus & Millichap Brokers $5.5M Sale of Manufactured Housing Community in Iowa appeared first on REBusinessOnline.

]]>
Cannabis Facility Construction Completes 3,000 SF Dispensary in Suburban Chicago https://rebusinessonline.com/cannabis-facility-construction-completes-3000-sf-dispensary-in-suburban-chicago/?utm_source=rss&utm_medium=rss&utm_campaign=cannabis-facility-construction-completes-3000-sf-dispensary-in-suburban-chicago Wed, 20 Jan 2021 14:36:55 +0000 http://rebusinessonline.com/?p=282638

CALUMET CITY, ILL. — Cannabis Facility Construction has completed the buildout of a recreational and medical dispensary occupied by Mission Dispensaries in Calumet City, about 23 miles south of Chicago. The 3,000-square-foot property is located at 1330 Torrence Ave. across from River Oaks Center. It includes back office space, an oversized vault and an advanced […]

The post Cannabis Facility Construction Completes 3,000 SF Dispensary in Suburban Chicago appeared first on REBusinessOnline.

]]>
NorthPeak Commercial Advisors Negotiates $5.1M Sale of Cedar Ridge Apartments in Colorado Springs https://rebusinessonline.com/northpeak-commercial-advisors-negotiates-5-1m-sale-of-cedar-ridge-apartments-in-colorado-springs/?utm_source=rss&utm_medium=rss&utm_campaign=northpeak-commercial-advisors-negotiates-5-1m-sale-of-cedar-ridge-apartments-in-colorado-springs Wed, 20 Jan 2021 14:36:20 +0000 http://rebusinessonline.com/?p=282605 COLORADO SPRINGS, COLO. — NorthPeak Commercial Advisors, formerly AQYRE REA, has brokered the sale of Cedar Ridge Apartments in Colorado Springs. Keith Hardy, Joe Hornstein and Scott Fetter of NorthPeak represented both undisclosed parties in the $5.1 million, or $105,102 per unit, transaction. Located at 3349-3363 E. Fountain Blvd., the 42,580-square-foot community features 49 apartments.

The post NorthPeak Commercial Advisors Negotiates $5.1M Sale of Cedar Ridge Apartments in Colorado Springs appeared first on REBusinessOnline.

]]>
Huntington Industrial Partners Sells 468,300 SF Warehouse in Metro Dallas https://rebusinessonline.com/huntington-industrial-partners-sells-468300-sf-warehouse-in-metro-dallas/?utm_source=rss&utm_medium=rss&utm_campaign=huntington-industrial-partners-sells-468300-sf-warehouse-in-metro-dallas Wed, 20 Jan 2021 14:35:56 +0000 http://rebusinessonline.com/?p=282630 Park-20-Lancaster

LANCASTER, TEXAS — Colorado-based Huntington Industrial Partners has sold Park 20, a 468,300-square-foot warehouse located in the southern Dallas suburb of Lancaster. Built in 2017, the property offers immediate access to Interstates 35, 20 and 45 and was fully leased at the time of sale to pet products supplier PetMate. Building features include 32-foot clear […]

The post Huntington Industrial Partners Sells 468,300 SF Warehouse in Metro Dallas appeared first on REBusinessOnline.

]]>
Colliers International Brokers $1.3M Sale of Industrial Property in Las Vegas https://rebusinessonline.com/colliers-international-brokers-1-3m-sale-of-industrial-property-in-las-vegas/?utm_source=rss&utm_medium=rss&utm_campaign=colliers-international-brokers-1-3m-sale-of-industrial-property-in-las-vegas Wed, 20 Jan 2021 14:35:30 +0000 http://rebusinessonline.com/?p=282603 LAS VEGAS — Colliers International has arranged the sale of an industrial building located at 6676 Escondido St. in Las Vegas. Green Bean Battery acquired the property for $1.3 million. The asset features 6,059 square feet of industrial space. Brian Riffel and Tyler Jones of Colliers International represented the seller, Escondido Investments, in the transaction.

The post Colliers International Brokers $1.3M Sale of Industrial Property in Las Vegas appeared first on REBusinessOnline.

]]>
Marcus & Millichap Arranges Sale of 524-Unit Self-Storage Facility in Fresno, Texas https://rebusinessonline.com/marcus-millichap-arranges-sale-of-524-unit-self-storage-facility-in-fresno-texas/?utm_source=rss&utm_medium=rss&utm_campaign=marcus-millichap-arranges-sale-of-524-unit-self-storage-facility-in-fresno-texas Wed, 20 Jan 2021 14:32:15 +0000 http://rebusinessonline.com/?p=282628 FRESNO, TEXAS — Marcus & Millichap has arranged the sale of Cajun Self Storage, a 524-unit facility in Fresno, located south of Houston. Built in 2005 and expanded in 2015, the facility spans 104,823 net rentable square feet across both climate- and non-climate-controlled units. Brian Kelly, Brett Hatcher, Gabriel Coe and Jack Newman of Marcus […]

The post Marcus & Millichap Arranges Sale of 524-Unit Self-Storage Facility in Fresno, Texas appeared first on REBusinessOnline.

]]>
Stonelake Capital Acquires 127,513 SF Industrial Property in Northwest Houston https://rebusinessonline.com/stonelake-capital-acquires-127513-sf-industrial-property-in-northwest-houston/?utm_source=rss&utm_medium=rss&utm_campaign=stonelake-capital-acquires-127513-sf-industrial-property-in-northwest-houston Wed, 20 Jan 2021 14:23:55 +0000 http://rebusinessonline.com/?p=282625 HOUSTON — Texas-based investment firm Stonelake Capital Partners has acquired a 127,513-square-foot industrial property in northwest Houston. Andy Sowell of Boyd Commercial represented the seller and former occupant of the building, Graybar Electric Co., in the deal. David Munson and Wes Williams, also with Boyd Commercial, subsequently negotiated a full-building lease with Hannibal Industries, a […]

The post Stonelake Capital Acquires 127,513 SF Industrial Property in Northwest Houston appeared first on REBusinessOnline.

]]>
Stream Realty Partners Brokers Sale of 104,427 SF Industrial Building in Dallas https://rebusinessonline.com/stream-realty-partners-brokers-sale-of-104427-sf-industrial-building-in-dallas/?utm_source=rss&utm_medium=rss&utm_campaign=stream-realty-partners-brokers-sale-of-104427-sf-industrial-building-in-dallas Wed, 20 Jan 2021 14:22:11 +0000 http://rebusinessonline.com/?p=282623 DALLAS — Stream Realty Partners has brokered the sale of a 104,427-square-foot industrial property in Dallas. The property is situated on a roughly 10-acre site along Interstate 35 in the South Stemmons submarket. Jamie Jennings, Andrew Rabinovich and Jason Moser of Stream Realty Partners represented the seller in the transaction. Additional terms of sale were […]

The post Stream Realty Partners Brokers Sale of 104,427 SF Industrial Building in Dallas appeared first on REBusinessOnline.

]]>