Lexington’s NAI Isaac names senior property manager
REJournals
by Dan
2d ago
Shannon Barlow has been promoted to senior property manager at Lexington, Kentucky’s NAI Isaac. Her responsibilities include preparing and managing property budgets, overseeing and managing building expenses and income, coordination of the company’s lease abstraction process, vendor oversight and financial reporting. Barlow has more than 10 years of experience in the commercial property management industry ..read more
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Lee & Associates brokers 106,120-square-foot industrial lease renewal in Elgin
REJournals
by Dan
2d ago
Lee & Associates negotiated a 106,120-square-foot lease renewal and expansion at 300 Airport Road in Elgin, Illinois. The transaction includes the tenant’s current unit of 46,130 square feet plus a 59,990-square-foot expansion. Kenneth Franzese, John Cassidy and Jeff Janda – all principals at Lee & Associates –represented the building owner, LINK Logistics. Built in 2010, 300 Airport Road is a 176,799-square-foot building featuring 30’ clear ceiling heights. The property is also known as Fox River Business Center.  The tenant, UVA Distributors, a leading wine and spirits distribut ..read more
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Friedman Real Estate closes sale of 73,323-square-foot office building in Troy
REJournals
by Dan
2d ago
Friedman Real Estate‘s Jordan Friedman and Robert Gagniuk recently sold the 73,323-square-foot New King Center office building at 5600 New King St. in Troy, Michigan. Friedman represented the seller in the transaction ..read more
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Byline Bank provides $14 million in financing for construction of 257,000-square-foot industrial building in San Antonio
REJournals
by Dan
2d ago
Byline Bank’s Commercial Real Estate Group has closed on $14 million in financing for the construction of a 257,000-sq-ft industrial building in San Antonio, Texas. The speculative development will deliver much-needed Class A industrial space to the northeast submarket of San Antonio. The borrower is a joint venture between TradeLane Properties Fund III and Phelan Development Company. This loan, the 13th transaction Byline has financed for TradeLane and its affiliates, will assist in the ground-up development of a 32-foot clear, rear-load industrial building in an infill location in the northe ..read more
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ASSEMBLY MN joins the leasing team for Minneapolis’ The Dayton’s Project
REJournals
by Dan
2d ago
ASSEMBLY MN LLC, a commercial real estate services firm located in the North Loop neighborhood of Minneapolis, has joined The Dayton’s Project leasing team for is retail component. Nick Peterson, Eddie Landenberger and Merrie Sjogren will lead the ASSEMBLY marketing efforts for the project at 700 Nicollet Mall in Minneapolis ..read more
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Stream Realty Partners closes 38,230-square-foot lease in Houston office building
REJournals
by Dan
2d ago
Stream Realty Partners represented building ownership on a new lease at 2200 Post Oak, a 22-story 326,200-square-foot Class-A office building in Houston’s Galleria submarket. The new tenant, McCarthy Building Companies Inc., signed a 38,230-square-foot lease and is set to move into the space in 2025. The building owner, Masaveu Real Estate, was represented by Stream Senior Vice President Brad Fricks and Vice President Adam Ross. McCarthy Building Companies Inc., a renowned national general contractor with a longstanding presence in Houston, will relocate from Greenway Plaza. 220 ..read more
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Artist + property owner partnerships demonstrate community investment—and ROI
REJournals
by Dan
3d ago
Hot take: Art and artists have never been more relevant to successful real estate development. Now more than ever, authentic experiences are essential in attracting tenants, and that makes partnering with artists a newly powerful tool in commercial and multifamily marketing. To create a symbiosis of landlord, community and artist, creative owners and their marketing leaders are now shaping spaces where artists can not only display their work but also actively create or perform. From hosting intentionally thought-provoking works of art in indoor and outdoor spaces, to providing performance-read ..read more
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St. Louis’ KAI Enterprises names controller
REJournals
by Dan
3d ago
St. Louis-based KAI Enterprises has hired Jim Duckwitz as its new controller. In his new role, Duckwitz will oversee KAI’s accounting functions, internal and external financial statement reporting, monthly close activities and cash flow forecasting, plus provide oversight of the professional services project accounting team. Duckwitz has spent the last 17 years of his 25-year-career in the AEC sector as an Accounting Manager, Controller and VP of Finance, bringing unparalleled expertise and hands-on experience in the Design & Construction industry. Duckwitz stands as a formidable asset, re ..read more
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Grand Rapids’ Old National Bank adds SVP
REJournals
by Dan
3d ago
Grand Rapids, Michigan-based Old National Bank has added Timothy Martin as corporate banking relationship manager and senior vice president for the West Michigan Expansion Market. Martin will be based in Kalamazoo, Michigan, and is responsible for expanding the bank’s corporate lending portfolio and services throughout the West Michigan footprint. Martin brings 25 years of corporate banking experience in the West Michigan area ..read more
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Chicago’s Stotan Industrial names chief administrative officer
REJournals
by Dan
3d ago
Chicago-based Stotan Industrial hired Linda Pace as its chief administrative officer. Pace will play a pivotal role in managing the company’s financial, administrative, accounting, and human resource functions. She will collaborate closely with the leadership team, providing input toward strategic planning, and driving forward our business development initiatives. Pace brings a wealth of experience and expertise to her role at Stotan, drawing from her extensive background as a project consultant for a Boston-based Bain Capital, where she managed portfolio dispositions across the US, and her te ..read more
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