Midwest
NorthPoint to Build 2 New Warehouses in Ohio
The company started Phase II of the West Chester Trade Center industrial park in Ohio, with plans to add 581,000 square feet of space during the next several months.
Proffitt Dixon Partners Buys Nashville Storage for $16M
HFF represented the seller, Provident Realty Advisors, in the deal, and arranged acquisition financing on behalf of the buyer.
Noble Secures $31M Construction Loan for Nashville Eco-Hotel
Regions Bank is financing the construction of the 169-key Element by Westin, near Cambridge Holdings’ OneC1TY mixed-use urban community. The development is set to include street-level retail space.
Morning Calm Management Buys $84M Detroit Industrial Portfolio
The firm purchased the nine-property, 1.5 million-square-foot suburban portfolio from Promanas Group. The deal marks the company’s fourth acquisition in the area over the past year.
Clayco Hires New CFO
James Havel has more than 40 years of experience having previously run the financial activities of companies such as Enterprise Financial Services Corp. and Express Scripts.
Work Begins on $180M Mixed-Use Project in KC
Drake Development broke ground on Streets of West Pryor, a 70-acre project that is set to include residential, hospitality and retail components.
Montecito Medical Buys 221 KSF Nashville-Area MOB
The purchase of the fully leased, three-story trophy property in Murfreesboro, Tenn., marks the company’s second acquisition in the metro this year.
Metro Storage Lands $78M Refi for 8-Property Portfolio
The bridge loan is for Class A facilities situated in suburban areas of Illinois, New Jersey and Pennsylvania. Talonvest Capital negotiated the financing.
Hines Sells Cincinnati Office Property for $81M
Viking Partners Fund IV has teamed up with DRA Advisors to acquire a 404,000-square-foot property in the Kenwood submarket.
ICP Acquires 1.4 MSF Ohio Distribution Center
Located on the outskirts of Youngstown, the asset is the fifth such facility acquired by the investor from Sears or Kmart.