Summit Real Estate Group, as developer and consultant to area community leaders, is pleased to announce that a 8.7 acre re-development site has been acquired in Dellwood / Ferguson, Missouri just north of St. Louis. The $16 million re-development of Springwood Plaza, a 90,000 square foot shopping center, will be known as R&R Marketplace. The … Continued
Summit Real Estate Group is pleased to announce that it has closed on a 14.35 acre industrial site, just west of St. Louis. The ground-up development project will be known as Crosstown Logistics Park and include a single multi-tenant warehouse building representing 244,000 square feet. A video introducing the project can be found here. Crosstown … Continued
Summit Real Estate Group is pleased to announce that Blake Grinestaff has joined the firm as Assistant Vice President – Construction & Development. Blake brings seven years of project management and construction experience to Summit. He began his real estate and construction management career in 2015 at McGrath & Associates where he worked in roles … Continued
Summit Real Estate Group is pleased to announce that construction is underway at its Fannin II and Mesa East projects. The ground-up industrial developments are located within separate submarkets in Houston, Texas. The infill land sites were acquired off market during the second half of 2019 on behalf of Summit’s Arrowrock Income & Growth Fund … Continued
Summit Real Estate Group is pleased to announce the disposition of the Regency Point Apartments in Tulsa, OK. At $15.6 million, the transaction represented a record sale price for a 1970’s vintage multi-family asset in the Tulsa market. The 15 building, 192 unit complex sits on 9.34 acres in South Tulsa and was acquired by … Continued
Summit Real Estate Group is pleased to announce that 7-Eleven, based in Irving, Texas, has leased 5,000 square feet at North Junction Plaza in north Houston, Texas. The 110,115 square foot shopping center, anchored by PetSmart and Chuck E. Cheese, was acquired Q2 2015 on behalf of Summit’s Arrowrock Income & Growth Fund II (AIGF … Continued
Summit Real Estate Group is pleased to announce the strategic disposition of the Nortech 1 building at its Peachtree Nortech portfolio in Atlanta, GA. The 216,416 square foot, five-building warehouse portfolio was acquired Q3 2019 on behalf of Summit’s Arrowrock Income & Growth Fund III (AIGF III). Occupancy at the 187,536 square foot, four-building portfolio that remains … Continued
Summit Real Estate Group is pleased to announce that EcoShield Pest Solutions, based in Gilbert, Arizona, has leased 11,285 square feet at Peachtree Nortech in Atlanta, Georgia. The 216,416 square foot, five-building warehouse portfolio was acquired Q3 2019 on behalf of Summit’s Arrowrock Income & Growth Fund III (AIGF III). The lease brings the project occupancy to 96%. EcoShield, … Continued
Summit Real Estate Group has completed its final close of Arrowrock Income & Growth Fund III, LP. The total fundraise, including co-investment commitments, for the infill industrial strategy exceeded $121 million and included both institutional and high net worth investors. The Fund’s investment strategy is to acquire and selectively develop infill, ‘last mile’ multi-tenant warehouse … Continued
Summit Real Estate Group is pleased to announce that Concentra Health Services, based in Addison, Texas, has leased 6,075 square feet at North Junction Plaza in north Houston, Texas. The 110,115 square foot shopping center, anchored by PetSmart and Chuck E. Cheese, was acquired Q2 2015 on behalf of Summit’s Arrowrock Income & Growth Fund … Continued