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Drever Capital Management to Develop 213-Unit Seniors Housing Community in San Antonio

SAN ANTONIO — Drever Capital Management, a Calif.-based holding company, will develop Larkspur at Live Oak, a 213-unit senior living community situated on 15 acres near Interstate 35 and Loop 1604 in San Antonio. Designed by Dallas-based Merriman Anderson/Architects Inc., the four-story property will offer units ranging in size from 691 to 1,221 square feet and an outdoor recreation space with a pool, kitchen and cabanas. A 64-unit memory care community is also being planned as a separate..

August 17, 2017

HFF Arranges Sale of 305-Room, Dual-Branded Hotel in Austin

AUSTIN, TEXAS — HFF has arranged the sale of a two dual-branded hotel property located at 805 Neches St. and 810 Red River St. in Austin. The asset consists of the 134-room Hotel Indigo Austin Downtown and the 171-room Holiday Inn Express Austin Downtown University. Completed in 2016, the hotels share amenities such as an outdoor pool, bar and lounge and five levels of underground parking. John Bourret and Austin Brooks of HFF represented the seller, Journeyman Group, in the transaction...

August 17, 2017

Baseball Bat Producer to Open Manufacturing Facility, Headquarters in Dallas

DALLAS — Warstic, a producer of baseball equipment partially owned by musician Jack White, will open its flagship location, manufacturing facility and headquarters at 2900 Main St. in the Deep Ellum area of Dallas. The property will include a warehouse, bat-fitting room, bat design studio, bar and restaurant and a full batting cage. The opening is scheduled for early 2018.

August 17, 2017

Lee & Associates Negotiates Sale of 56,841 SF Industrial Asset in Arlington

ARLINGTON, TEXAS — Lee & Associates has negotiated the sale of a 56,841-square-foot industrial property located at 1721 Susan Drive in Arlington. Mark Graybill and Colton Rhodes of Lee & Associates represented the seller, Package Express, in the transaction. Sean O’Grady of Caliber Property Group represented the buyer, CDI-RE Arlington.

August 17, 2017

Marcus & Millichap Brokers Sale of 32,390 SF Retail Center in Houston

HOUSTON — Marcus & Millichap has brokered the sale of Shotwell Shopping Center, a 32,390-square-foot retail center located at 5900 Lyons Ave. in Houston. Derek Hargrove, Justin Miller and Davis Hansen of Marcus & Millichap represented the seller, a Houston-based partnership, in the transaction. Gus Lagos and Nik Kapetanakis, also of Marcus & Millichap, procured the undisclosed buyer.  

August 17, 2017

IRA Capital Sells 137,686 SF Medical Office Portfolio in Fort Worth, Austin

FORT WORTH AND AUSTIN, TEXAS — Irvine, Calif.-based investment firm IRA Capital LLC has sold a portfolio of fully leased medical office properties totaling 137,686 square feet in Fort Worth and Austin. The portfolio includes The Center for Cancer & Blood Disorders and Baylor Health Center at Magnolia Greens, both in Fort Worth, and Cedar Park Medical Center in Austin. HFF represented IRA Capital in the transaction and procured the buyer, a publicly traded healthcare REIT.

August 16, 2017

JLL Negotiates 349,425 SF Industrial Lease in Metro Fort Worth

NORTHLAKE, TEXAS — JLL has negotiated a 349,425-square-foot industrial lease at Northport 35 Business Center, a Class A industrial park located at 4250 Dale Earnhardt Way in the Fort Worth metro of Northlake. Elizabeth Jones of JLL represented the tenant, Allen Distribution, a food and beverage services firm. Cannon Green, Bob Hagewood and Forrest Cook of Stream Realty Partners represented the landlord, New York-based Clarion Partners.

August 16, 2017

Walker & Dunlop Arranges $22.4M in Financing for Multifamily Properties in Abilene, Amarillo

ABILENE AND AMARILLO, TEXAS — Walker & Dunlop has arranged $22.4 million in bridge financing for a trio of multifamily properties totaling 572 units in Texas on behalf of a partnership between Pilgrim V and GRA Equities. The company arranged $6.4 million for the 152-unit Warwick Apartments in Abilene; $4 million for the 144-unit Coulter Landing apartments in Amarillo; and $12 million for the 276-unit Wind Tree Apartment Homes in Amarillo.

August 16, 2017

Carroll Organization Acquires Two Multifamily Properties in Fort Worth

FORT WORTH, TEXAS — Atlanta-based investment and management firm Carroll Organization has acquired Century Colonial Park and Gallery 1701, two multifamily properties totaling 405 units in the riverfront area of Fort Worth. The properties, both of which were built in 2009, will be rebranded as The Trinity Residences and managed by Carroll Management Group.  

August 16, 2017

Hunt Southwest to Develop 400,000 SF Industrial Project in McKinney

MCKINNEY, TEXAS — Hunt Southwest will develop a 400,000-square-foot industrial facility in McKinney. The property, which will be built entirely on a speculative basis, will be located near U.S. Highway 380 and be branded University Business Park, according to The Dallas Morning News. A timetable for construction has not yet been established.

August 16, 2017