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Nearly 46 acres on an in-fill industrial central site on the south side of Kearney Street west of Highway 352 with solid and diverse economics along with a large workforce was attractive to Dalfen Industrial.
The live-work-play environment, the Realm, will include 1.5 million square feet of multifamily, retail, office, restaurant and entertainment space, along with an extensive outdoor entertainment area.
The trade area for Roanoke Village features developments Circle T Ranch and Alliance as well as Facebook's new $1 billion data center and TD Ameritrade's Corporate Campus, which drive high daytime population counts.
Nelson Knight, EVP and chief investment officer of Apple Hospitality, says, “Through these attractively priced transactions, we adjusted our market exposure in ways that we feel will further enhance the strength and stability of our hospitality platform.”
An office portfolio represented an opportunity to acquire a high-profile selection of assets in Tulsa's affluent southern submarkets as the buildings offer an alternative to the area's higher-priced office assets.
With plans to open in late summer 2019, Urban Air Adventure Park leased a freestanding retail building located at 3777 Childress Ave. for one of its several DFW locations after opening a McKinney site in 2018.
DFW continues to see an upward trend in the hospitality market and the Hyatt Regency at Stonebriar Centre, expected to deliver in early 2020, is one of the nearly 50 hotels under construction in the metro.
The property adjacent to Interstate 85 at 117 Valentine Industrial Parkway totals 1.021 million square feet and was recently completed by USAA Real Estate/Seefried of Atlanta.
Mid-States Distributing Company Inc. will relocate its corporate headquarters from Minneapolis to the Mercantile Center, in a building that is formerly the home of the American Paint Horse Association.
The portfolio includes four buildings in Chicago, two buildings in Cincinnati, 12 buildings in Columbus, two buildings in Indianapolis, and one building in Louisville.