Author: Sarah

Big Deal in the Midwest: Northmarq Purchases Stan Johnson Company

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In a major deal in the Midwest commercial real estate industry, Minneapolis-based Northmarq will purchase Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes.

Northmarq’s acquisition will also include affiliate debt services company Four Pillars Capital Markets.

“This is an important milestone for our growing platform, as our company now has investment sales professionals across the country that can service investors across all major asset classes,” said Jeffrey Weidell, chief executive officer of Northmarq in a statement.

“Adding this talented group of real estate professionals further establishes Northmarq as a full-service investment sales and capital markets platform,” Weidell said.

With the acquisition, Northmarq will have nearly 1,000 commercial real estate professionals working across its investment sales, debt/equity financing, loan servicing and fund management operations.

Founded in 1985, Stan Johnson Company has expanded from a Midwest-based CRE company to a full-service investment sales company. It specializes in net lease investment sales and other areas including multi-tenant retail, office, industrial, self-storage and healthcare sales.

Stan Johnson Company has more than 100 brokerage professionals across 16 offices in the 10 states of Oklahoma, Arizona, California, Colorado, Georgia, Illinois, New York, Ohio, Oregon and Texas.

During its 40 years, Stan Johnson Company has closed nearly 7,500 transactions exceeding $45 billion in sales volume.

“Our vision has been to build a very special, diversified real estate company with a singular focus on providing the highest level of service to our valued clients,” said Stan Johnson, founder and chief executive officer of Stan Johnson Company, in a statement. “Our professionals will be able to offer our clients greater investment opportunities, advice and product offerings by leveraging the size, scale and established expertise of the Northmarq brand.”

Since the Pohlad Family purchased the company in 1999, Northmarq has grown steadily through a series of acquisitions. In early 2000, the company added 25 offices and 200 employees and has continued to expand through frequent acquisitions of both regional teams and national companies.

The integration of Stan Johnson Company’s brokerage services into Northmarq is the culmination of the company’s move into investment sales, which began in 2018 with just six offices focused on multifamily properties. Prior to the Stan Johnson Company acquisition, Northmarq grew to 22 investment sales offices in 13 states.

Stream Realty Partners Breaks Ground On 689,000-SF Infill Industrial Park Near San Antonio Airport

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SAN ANTONIO – Aug. 29, 2022 – Stream Realty Partners has broken ground on five new industrial buildings on 45 acres directly across from San Antonio International Airport.

Stream, a national estate services, development, and investment company, aims to finish construction on Interpark Logistics Center in August 2023. The 689,215-square-foot development is bounded by U.S. 281, Wurzbach Parkway, West Avenue, and Interpark Boulevard. It will include five Class A office/warehouse buildings and five pad sites for future retail and commercial uses.

“This project represents one of the last true infill opportunities in San Antonio and is an ideal location for last-mile distribution users, showrooms, and warehouse companies needing a central location to service their customers, ” said Michael T. Kent, Executive Vice President of Stream San Antonio’s industrial team. “Warehouse companies want to be in the North Central part of San Antonio, but historically there were very limited availabilities. We were finally able to find a tract that has the necessary features for this type of business park.”

Interpark Logistics Center will feature five buildings ranging in size from 119,600 square feet to 155,475 square feet. Each structure will have a minimum of 24 dock doors with two drive-in ramps, 32-foot clear heights, 130-foot truck court depths, and Early Suppression, Fast Response (ESFR) sprinklers. Building details include:

· Building 1: 119,600 square feet, 24 dock doors, 49 trailer parking spaces, and 85 car parking spaces.

· Building 2: 155,475 square feet, 40 dock doors, 51 trailer parking spaces, and 223 car parking spaces.

· Building 3: 131,290 square feet, 24 dock doors, and 174 car parking spaces.

· Building 4: 131,290 square feet, 40 dock doors, six trailer parking spaces, and 206 car parking spaces.

· Building 5: 151,560 square feet, 26 dock doors, 19 trailer parking spaces, and 132 car parking spaces.

The business park will have eight points of entry that offer immediate access to Wurzbach Parkway and U.S. 281. It is 12 miles from Downtown San Antonio and within a 30-minute drive of a labor force with more than 2.1 million people.

Interpark Logistics Center is owned and overseen by Stream’s Investment Management Platform, which leverages expertise from Stream’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 38 investments of 17.5 million square feet and approximately $2.2 billion in assets under management. Kent and Vice President Payton Rion will oversee leasing for Interpark Logistics Center. Stream San Antonio will also provide property management services at the project, adding to the firm’s more than 10-million-square-foot leasing and management portfolio. For leasing information, contact Stream San Antonio at 210.930.3700.

Yesway Real Estate Strategy Goes Big in Rural Markets

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FORT WORTH, Texas — Yesway’s current focus on rural site selections goes all the way back to knowledge shared by the late Lonnie Allsup, founder of the Allsup’s convenience store chain, which Yesway acquired in 2019.

Allsup scouted new sites by flying his airplane over highways in Oklahoma, west Texas and his home state of New Mexico, looking for clusters of motor traffic surrounded by wide open spaces, according to Tom Brown, director of real estate acquisitions for Yesway

“Lonnie would put his store at the intersection of the Interstate and the state highway and buy all the open land surrounding the store for defensive purposes,” Brown said. “He was one of the first people in the convenience store business to build larger stores with food and grocery items. In recent years, it was easy for him to build a bigger store because he owned all the land around it.” Click to read more at www.csnews.com.

Milrose Acquires Texas-based Land Use Consultancy Masterplan

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Milrose Consultants, the country’s largest provider of building code consulting and municipal compliance services, has acquired Masterplan, a Dallas-based full-service land use and planning consultancy.

Founded in 1981, Masterplan is the largest land use firm in the Texas region specializing in zoning, permitting, and community engagement. The firm has more than 40 employees across offices in Austin, Dallas, Frisco, Houston, and Fort Worth, and has obtained thousands of government approvals for clients in the development industry.

Milrose’s acquisition of Masterplan will expand the consulting firm’s presence into Texas and strengthen its ability to provide full-spectrum services.

“Texas is one of the fastest growing national real estate markets and has some of the more stringent and complex land-use, building code and zoning, and municipal permitting regulations and processes. As more of our clients and companies across the country continue to invest in and grow their presence in Dallas-Fort Worth, Austin, Houston, and the surrounding cities, we are excited to have Masterplan as part of our team and be able to offer our combined suite of specialized services to all existing and new clients across Texas,” said Dominic Maurillo, CEO of Milrose. Click to read more at www.consulting.us/news.