KYLE, TEXAS — InvenTrust Properties Inc. has acquired Kyle Marketplace, a 226,000-square-foot shopping center located in the southern Austin suburb of Kyle, for approximately $59 million. Anchored by H-E-B, the center is currently leased to tenants such as Starbucks, Subway and Whataburger. The seller was not disclosed.
HOUSTON — The Signorelli Co. will develop The Pointe at Valley Ranch Town Center, a 550-unit apartment project that will be the first multifamily component of the 240-acre Valley Ranch Town Center community located at the intersection of Interstate 69 and Grand Parkway. Meeks + Partners Architects and Brown & Gay Engineers are designing the Class A project, the first phase of which is scheduled to break ground in early 2018.
SAN ANTONIO — Greystar is nearing completion of construction of Overture at Stone Oak, a 143-unit, 55-and-older community in San Antonio. The property offers one- and two-bedroom units ranging in size from 725 to 1,225 square feet and includes 185 parking spaces for staff and residents. Amenities include a pool, hair and nail spa , café and lounge and a private media room.
SAN ANTONIO — Sterling Organization, a Palm Beach, Fla.-based private equity firm, has sold Grandview Shopping Center, a 103,000-square-foot, grocery-anchored shopping center in San Antonio for $21.9 million. Anchored by Sprouts Farmers Market, the center is located along Interstate 10 at Callaghan Road, just north of the Loop 410 interchange. The company originally acquired the asset in 2012 for roughly $11.1 million. The buyer was not disclosed.
GARLAND, TEXAS — Bradford Commercial Real Estate Services has negotiated an 87,780-square-foot office/warehouse lease at 2660 Market St. in the Dallas metro of Garland. Kevin Santaularia and Susan Singer of Bradford Commercial represented the landlord, Houston-based Herzstein Investments Inc., in the lease negotiations. Mark Collins of Cushman & Wakefield represented the tenant, American Builders Contractors Supply Co. Inc., a distributor of roofing, siding and window materials. The space..
CARROLLTON, TEXAS — Dougherty Mortgage LLC has arranged a $32 million Fannie Mae loan for the acquisition of Mustang Park Apartments, a 289-unit multifamily community in Carrollton. The property offers amenities such as a fitness center, business center and a pool. The 12-year loan, which was arranged on behalf of borrower The Mustang Apartments LLC, features five years of interest-only payments and a 30-year amortization schedule.
YUKON, OKLA. — Hooter’s, Cheddar’s Scratch Kitchen and Arby’s will join The Market at Czech Hall, a 160,000-square-foot retail center situated along Interstate 40 in Yukon, about 17 miles west of Oklahoma City. The restaurants will occupy three different pad sites totaling about 2.2 acres. Along with the restaurants, a Sleep Inn hotel will also open on the property, which is owned by GBT Realty Corp., at various times in 2018.
HOUSTON — JLL has negotiated the sale of a 275,000-square-foot warehouse located at 550 Aleen St. in Houston. The property features 27-foot clear heights, 44 dock-high doors and a fully fenced truck court. Ryan Fuselier and Travis Secor of JLL represented the buyer, Polymers Packaging and Warehousing Inc., a Houston-based supplier of plastic resins. The space will serve as the company’s new global manufacturing and distribution center. Bob Berry and Grant Hortenstine of Avison Young..
NORMAN, OKLA. — Marcus & Millichap has brokered the sale of a 26,820-square-foot, net-leased retail property located at 2590 Boardwalk St. in Norman. Vincent Knipp of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties request anonymity. The property is currently leased to Service King Collision Repair Center.
HOUSTON — BMC Capital has secured a $6.7 million bridge loan for the purchase of a 163-unit multifamily property in Houston. Clayton Wells of BMC Capital arranged the non-recourse loan, which includes a 75 percent loan to value (LTV) ration and 18 months of interest-only payments. The names of the lender, borrower and property were not disclosed.