CHICAGO, LOS ANGELES—NRT, the nation's largest residential real estate brokerage company, has just launched ON Collaborative by Coldwell Banker Real Estate Services, LLC, a new full-service development marketing firm integrated with its Coldwell Banker® branded operations. Led by David Wolf, who joined NRT's Coldwell Banker Residential Brokerage in Chicago in 2015 as senior vice president of its development marketing division, ON Collaborative has offices in Chicago and Los Angeles and offers marketing expertise, research, planning and advisory services, and through Coldwell Banker, on-site sales for residential developments nationwide. “Due to NRT's strong presence in more than 50 of the nation's 100 largest metropolitan market areas, we have immediate access to deep market intelligence to help developers navigate market trends and make impactful and profitable decisions throughout all phases of the sales and marketing process,” says Bruce Zipf, president and chief executive officer of NRT, LLC. “With David Wolf's extensive experience, combined with the international marketing and sales talent at Coldwell Banker, we are providing a unique and invaluable service to the development community.”

DEALTRACKER

INDIANAPOLIS—Colliers International has closed the sale of 998 Gerdt Ct, a new 132,000-square foot institutional warehouse in Greenwood, IN, a suburb of Indianapolis. Construction on the class A modern bulk building was completed in December of 2016. The property was 100% pre-leased to two national brands prior to its completion: Peltz Shoes and MaxLite. Sitting on more than 10 acres and surrounded by national tenants such as FedEx Supply Chain, Caterpillar, Ulta, Celadon, and Nestle Waters, the building features a clear height of 32', a rear load configuration, and optimal 50' x 60' column spacing. Alex Cantu, head of investment sales with Colliers International | Indianapolis, marketed the property with executive vice president Brian Zurawski and senior vice president Jason Speckman on behalf of Shear Property Group. Exeter Properties purchased the asset.

INDIANAPOLIS—Colliers International has closed the sale of Kitley Industrial Park, comprised of the three buildings totaling 366,053 square feet and located at 250-258 Kitley Ave. in east industrial market of Indianapolis. Alex Cantu, head of investment sales with Colliers International | Indianapolis, facilitated the transaction on behalf of the seller, Biynah Industrial Partners. Red Tail Investments, an investment manager based out of Irvine, CA, purchased the asset. The rail-served park is located near Irvington within the I-465 loop, providing it with easy access to both highways and downtown. Kroger, Mansfield King, and NGL Warehouse occupy space in the park. This is Red Tail's second acquisition in Indianapolis, and it now owns more than 550,000 square feet of industrial space in the area.

BUILDING BLOCKS

COLUMBUS—The Opus Group recently signed a contract with The Meritex Co. to construct a 250,050-square-foot industrial building on the corner of Alum Creek Dr. and Spiegel Dr. in Columbus. The company will begin construction this year on the modern industrial facility and complete it by next May. “This project is a great complement to Meritex's footprint in the Columbus area and we look forward to supporting their vision for the property,” says Douglas J. Swain, vice president, general manager, Opus Development Co., LLC. Meritex's new building will feature a 32' clear height and truck ports in the back. Designed with flexibility at the forefront, the building can accommodate up to four tenants. The highly visible location also allows for easy accessibility to major interstates as well as close proximity to the Rickenbacker International Airport. “We've owned the 16-acre property for a number of years and decided that the recent market activity made it a strategic time to develop,” says Dan Williams, chief investment officer, Meritex.

NEWS & NOTABLES

CHICAGO—Fifield Realty Corp., the development arm of Chicago-based Fifield Cos., celebrated the grand opening of its newest luxury rental tower, The Sinclair, last week with two days of events, which took place at the community on Sept. 19 and 20. Located at 1201 N. LaSalle St. in Chicago's Gold Coast, the 35-story, 390-unit apartment tower, which includes 35,000 square feet of amenity space, is already 30% leased. “The grand opening of The Sinclair ushers in a new standard of uber-luxury, spa-style living in the Gold Coast that people have been waiting for,” said Randy Fifield, chairwoman of Fifield Realty Corp. “It's not an easy task to raise the bar on services and interior spaces in a neighborhood that is known for its grandeur and elegance, but we embraced the challenge and created something spectacular.” The two-evening event celebrated the opening of the building's six model apartments, furnished and decorated by Morgante Wilson Architects, Brianne Bishop Design, Michael Richman Interiors, Cort Furniture, Brook Furniture, and Modani Furniture.

CHICAGO, LOS ANGELES—NRT, the nation's largest residential real estate brokerage company, has just launched ON Collaborative by Coldwell Banker Real Estate Services, LLC, a new full-service development marketing firm integrated with its Coldwell Banker® branded operations. Led by David Wolf, who joined NRT's Coldwell Banker Residential Brokerage in Chicago in 2015 as senior vice president of its development marketing division, ON Collaborative has offices in Chicago and Los Angeles and offers marketing expertise, research, planning and advisory services, and through Coldwell Banker, on-site sales for residential developments nationwide. “Due to NRT's strong presence in more than 50 of the nation's 100 largest metropolitan market areas, we have immediate access to deep market intelligence to help developers navigate market trends and make impactful and profitable decisions throughout all phases of the sales and marketing process,” says Bruce Zipf, president and chief executive officer of NRT, LLC. “With David Wolf's extensive experience, combined with the international marketing and sales talent at Coldwell Banker, we are providing a unique and invaluable service to the development community.”

DEALTRACKER

INDIANAPOLIS—Colliers International has closed the sale of 998 Gerdt Ct, a new 132,000-square foot institutional warehouse in Greenwood, IN, a suburb of Indianapolis. Construction on the class A modern bulk building was completed in December of 2016. The property was 100% pre-leased to two national brands prior to its completion: Peltz Shoes and MaxLite. Sitting on more than 10 acres and surrounded by national tenants such as FedEx Supply Chain, Caterpillar, Ulta, Celadon, and Nestle Waters, the building features a clear height of 32', a rear load configuration, and optimal 50' x 60' column spacing. Alex Cantu, head of investment sales with Colliers International | Indianapolis, marketed the property with executive vice president Brian Zurawski and senior vice president Jason Speckman on behalf of Shear Property Group. Exeter Properties purchased the asset.

INDIANAPOLIS—Colliers International has closed the sale of Kitley Industrial Park, comprised of the three buildings totaling 366,053 square feet and located at 250-258 Kitley Ave. in east industrial market of Indianapolis. Alex Cantu, head of investment sales with Colliers International | Indianapolis, facilitated the transaction on behalf of the seller, Biynah Industrial Partners. Red Tail Investments, an investment manager based out of Irvine, CA, purchased the asset. The rail-served park is located near Irvington within the I-465 loop, providing it with easy access to both highways and downtown. Kroger, Mansfield King, and NGL Warehouse occupy space in the park. This is Red Tail's second acquisition in Indianapolis, and it now owns more than 550,000 square feet of industrial space in the area.

BUILDING BLOCKS

COLUMBUS—The Opus Group recently signed a contract with The Meritex Co. to construct a 250,050-square-foot industrial building on the corner of Alum Creek Dr. and Spiegel Dr. in Columbus. The company will begin construction this year on the modern industrial facility and complete it by next May. “This project is a great complement to Meritex's footprint in the Columbus area and we look forward to supporting their vision for the property,” says Douglas J. Swain, vice president, general manager, Opus Development Co., LLC. Meritex's new building will feature a 32' clear height and truck ports in the back. Designed with flexibility at the forefront, the building can accommodate up to four tenants. The highly visible location also allows for easy accessibility to major interstates as well as close proximity to the Rickenbacker International Airport. “We've owned the 16-acre property for a number of years and decided that the recent market activity made it a strategic time to develop,” says Dan Williams, chief investment officer, Meritex.