High Grove Apartments has been so successful that the developer—Domain Companies, a multifamily developer out of New York—has purchased an additional 4.557 acres to build a second phase.
The shopping center on the southeast corner of Siegen Lane and Cloverland Avenue has sold for $2.75 million.
The Trends in Real Estate Seminar will be held April 10.
The recent acquisitions of property for apartment development indicate increasing demand for quality locations.
The Copper Mill Home Owners Association has purchased the Copper Mill Golf Course for $1.2 million.
The industrial boom in the Capital Region has prompted Standard Alloys to stake out a location in Baton Rouge.
DJ Watt, represented by Donnie Jarreau Real Estate, purchased a 4.57-acre tract next to Super Walmart on Range Avenue in Watson. The tract owned by Walmart sold on Nov. 25 for just over $1.1 million, or about $5.60 per square foot. Donnie Jarreau Real Estate has pre-leased 60% of the 37,000 square feet to tenants that include Dollar Tree, Hibbett Sports, Casa Maria, Smoothie King and Go Auto.
It is not really news that CB&I has moved into the space that was formerly occupied by State Farm in Towne Center, but the particulars of the lease deal may be.