sales_and_leases

Spaces to Open Co-Working Office Locations in Midtown Atlanta, The Battery Atlanta

by John Nelson January 24, 2017

ATLANTA — Spaces, a co-working office space brand owned by Regus, plans to open a new location at 715 Peachtree in Midtown Atlanta. Situated across from the Fox Theatre, Spaces Midtown East will provide more than 100 private offices, 40 private desks, a 10,000-square-foot business club, hospitality-quality services and three meeting rooms available to Spaces members and community residents. The new Midtown location, the brand’s fourth in North America, is set to open on February 6, with co-working memberships starting at $199. In mid-2017, Spaces will open Spaces Atlanta-The Battery at SunTrust Park at The Battery Atlanta, a $1 billion mixed-use village surrounding SunTrust Park, the Atlanta Braves new ballpark in Cobb County. All Spaces locations provide 24/7 access to dedicated desks and office space for members, as well as access Monday through Friday of the business club.

January 24, 2017

Multifamily Texas

JLL Brokers Sale of 102-Unit Multifamily Property in Downtown San Antonio

by Amy Works January 23, 2017

SAN ANTONIO — JLL has arranged the sale of Peanut Factory Lofts, a newly constructed apartment property located at 939 S. Frio St. in downtown San Antonio. 210 Development Group sold the property to Windmill Investments for an undisclosed price. The property features 102 units, a fitness center, dog park and two resort-style pools. Scott LaMontagne and Moses Siller of JLL represented the seller in the deal.

January 23, 2017

Midwest Multifamily Ohio Student Housing

Wagenbrenner Sells 44,466 SF Student Housing Portfolio in Columbus, Ohio

by Kristin Harlow January 23, 2017

COLUMBUS, OHIO — The Wagenbrenner Co. Commercial Real Estate Services has sold a student housing portfolio near the Ohio State University campus in Columbus. The 44,466-square-foot portfolio consists of seven properties with 72 units and 104 bedrooms. The properties include a mix of studio, one-, two-, three- and five bedroom units. The properties were fully leased for the 2016-2017 school year. Neither the buyer nor the sales price was disclosed. Matthew Brown of Wagenbrenner arranged the sale.

January 23, 2017

Midwest Office Ohio

Woolpert Architecture Opens New Office in Cincinnati

by Kristin Harlow January 23, 2017

CINCINNATI — Woolpert, a national architecture, enginnering and geospatial (AEG) firm, has opened a new Cincinnati office in Over-the-Rhine. The office, located at 1203 Walnut St., will be home to at least 20 full-time architects, engineers, surveyors and support staff. Woolpert will occupy the second floor with a total of 6,302 square feet. Woolpert’s new Cincinnati office, which was funded by the City of Cincinnati through the Job Creation Tax Credit, will expand its commercial renovation and housing development, higher education, energy, government and aviation services. Woolpert’s headquarters will remain in Dayton.

January 23, 2017

Multifamily Northeast Pennsylvania Seniors Housing

Senior Living Investment Brokerage Arranges Sale of 509-Unit Portfolio Near Philadelphia

by Amy Works January 20, 2017

DOUGLASSVILLE, FLEETWOOD AND EPHRATA, PA. — Senior Living Investment Brokerage has arranged the sale of Keystone Villa, a portfolio of seniors housing properties in the northwestern Philadelphia suburbs of Douglassville, Fleetwood and Ephrata. Capital Health Group, a seniors housing private equity firm, purchased the properties for an undisclosed price. The seller was a private ownership group that originally developed and operated the properties, but was looking to exit the seniors housing industry. Keystone Villa totals 509 units of Class A independent living, assisted living and memory care. The properties were built in phases between 2004 and 2014. Following the sale, Milestone Retirement Communities LLC will manage the portfolio. Bradley Clousing, Toby Siefert and Jeff Binder of Senior Living Investment Brokerage negotiated the transaction.

January 20, 2017

Industrial Midwest Minnesota

Spears Manufacturing Signs 142,000 SF Industrial Lease at Distribution Center North of Minneapolis

by Kristin Harlow January 20, 2017

DAYTON, MINN. — Spears Manufacturing has signed a 142,000-square-foot industrial lease at the Dayton Distribution Center in Dayton, about 30 miles north of Minneapolis. Spears, a manufacturer of plastic pipefittings and valves, will occupy the space beginning in February. The facility will serve as a new regional distribution center for Spears. Dayton Distribution Center is a new, 247,000-square-foot speculative facility developed by Liberty Property Trust. John Ryden and Jim Bolt of CBRE represented the tenant in the transaction. Matt Oelschlager and Mike Bowen of CBRE represented the landlord, Liberty Property Trust.

January 20, 2017

Office Texas

TIG Real Estate Brokers Sale of Office Building in Dallas

by Amy Works January 20, 2017

DALLAS — TIG Real Estate has arranged the sale of an office building located at 17250 N. Dallas Parkway in Dallas. Situated on 2.2 acres, the property features 40,112 square feet of office space. Matthew Hickey and Kristin Grammar of TIG represented the undisclosed seller. The name of the buyer and acquisition price were not released.

January 20, 2017

Illinois Industrial Midwest

NAI Hiffman Arranges Sale of 101,282 SF Industrial Building in Burr Ridge, Illinois

by Kristin Harlow January 20, 2017

BURR RIDGE, ILL. — NAI Hiffman has arranged the sale of a 101,282-square-foot industrial building in Burr Ridge, about 20 miles southwest of Chicago. The building is located at 160 Tower Drive. Accurate Partitions Corp., a manufacturer of high-performance bathroom partitions, acquired the building from a private seller after outgrowing its current space in McCook, Ill. Accurate Partitions plans to refurbish the existing 16,800 square feet of office space to accommodate the company’s growth. The building features 20- and 30-foot clear heights, 120 car parking spaces, five exterior docks and three drive-in doors. Mark Moran, John Whitehead and Brett Tomfohrde represented the seller in the transaction.

January 20, 2017

Hospitality Indiana Midwest

Huff, Niehaus Brokers $2.5M Sale of Comfort Inn Hotel in Nashville, Indiana

by Kristin Harlow January 20, 2017

NASHVILLE, IND. — Huff, Niehaus & Associates Inc. has brokered the sale of the Comfort Inn in Nashville, approximately 18 miles east of Bloomington, for $2.5 million. The 55-room hotel will be converted into a Quality Inn & Suites. The conversion is expected to be complete in April. Brandt Niehaus of Huff, Niehaus & Associates represented the undisclosed seller. NEER 2 LLC was the buyer.

January 20, 2017

Arizona Industrial Western

Meritex Enterprises Buys Park Ladera at Spectrum Ridge in Phoenix for $26.4M

by Nellie Day January 20, 2017

PHOENIX — Meritex Enterprises has acquired Park Ladera at Spectrum Ridge, a three-building industrial campus in Phoenix, for $26.4 million. The campus is located at 750, 800 and 850 Covey Lane. It was built in 2015. CBRE’s Barry Gabel, Chris Marchildon, Darla Longo, Barbara Emmons Perrier, Brett Hartzell and Michael Kendall represented the sellers, Real Estate Investors and Trammell Crow Co. The firm’s Bruce Francis, Val Achtemeier and Doug Seylar arranged financing for both the buyer and seller.

January 20, 2017

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