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Summit Embarks on North St. Louis County Re-Development Project

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 Stabilizes Creekside Building in Atlanta, GA

Summit Real Estate Group is pleased to announce that S.C. Johnson & Son, based in Racine, Wisconsin, has leased 124,432 square feet at Creekside Distribution Center in Atlanta, Georgia. The 538,500 square foot distribution center was acquired Q2 2020 on behalf of Summit’s Arrowrock Income & Growth Fund III (AIGF III). At the time of … Continued

Summit Identifies Infill Industrial Site in St. Louis, MO

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 Announces New Hire

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

Construction Commences at Summit’s Two Houston Industrial Projects

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 Sets Record With Multi-Family Disposition in Tulsa, OK

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 Announces the Strategic Disposition of Nortech 1 in Atlanta, GA

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 Stabilizes Peachtree Nortech Portfolio in Atlanta, GA

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 Completes Final Close of Infill Industrial Fund

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