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EVENT HIGHLIGHTS DEAL & DEVELOPMENT OF THE YEAR WINNERS
scale project took shape. Apartments were available for rent in February 2023 and by October 2023, the Brickline at the Mercantile is expected to be completed, with all multi-family units and restaurant spaces finished and available for occupancy.
“What had been primarily ’private’ property, and dark after business hours, will now be open and accessible to the community, enlivened with households, restaurants, entertainment options, and access to public spaces,” said Joel Jensen, vice president at First National Bank of Omaha, who assisted in the financing. “The Brickline is a transformative project for the city of Omaha – bringing life back to the Conagra campus and acting as a seamless extension of the Riverfront Park project which was just completed this summer.”
Brad Soderwall, managing director with Hines, led the project.
Deal of the Year, Lincoln: Sale of the Allstate Campus in Lincoln to Bryan Health
The $16 million deal to acquire the former Allstate campus represents one of the last year’s largest sales in Lincoln.
Before the campus was put on the market, NAI FMA Realty was notified. The team contacted long-time client Bryan Health, which was looking for space to expand its clinics and offices. After several months of meetings and site visits, the deal was completed in October 2022.
The campus consists of two buildings totaling 179,090 square feet along with an undeveloped office pad site, all situated on 23.56 acres. The site allows for another 85,000-square-foot building along with 20,000 square feet on a separate portion of the parcel. After the sale, a short-term lease agreement was negotiated and executed between Allstate and Bryan Health to allow for some of the Allstate workers to continue using the space until another space was found.
“In 2016, Bryan Health completed a 10-year master plan, and one of the needs they identified was a centralized facility for business and support functions,” said Richard Meginnis, president of NAI FMA Realty. “Bryan Health continues to grow its health system and patient care in the community and with this purchase, it frees up space at the hospital campuses for more medical clinic space and patient services. Plus, as a large growth employer, Bryan can attract and retain employees with this first-class location that is accessible to employees and nearby existing campuses.”
Alongside Meginnis, the deal was completed by Mike Ball, vice president, sales & leasing, Scott Vyskocil, senior vice president, property management of NAI FMA Realty, and David Barton, first vice president, and Steve Sheppard, first vice president of CBRE.
Development of the Year, Lincoln:
Antelope Tower
Antelope Tower is a five-story building located near Lincoln’s Telegraph District and downtown. It features 17,000 square feet of commercial space on the first floor with four additional floors consisting of 93 residential units. It is centrally located and easily accessible to bike trails, large employers, retailers, restaurants, and schools.
Hoppe Development, which has owned the site since 2009, aimed to revitalize the area, notably the block west of Antelope Valley Parkway in the K and L streets corridor. John Hoppe, Jr., principal, led the project.
Opened in July 2022, Antelope Tower currently houses Share Tea, Early Bird Breakfast Brunch, and Lincoln Orthopedic Physical Therapy.