REBusinessOnline

Alamo Drafthouse to Open Eight-Screen Theater in Frisco Station

FRISCO, TEXAS — Food, drink and movie concept Alamo Drafthouse will open an eight-screen theater at Frisco Station, a 242-acre mixed-use development in the northern Dallas metro of Frisco. The theater, which is expected to open in 2020, will be able to accommodate up to 1,200 guests. This location will also include a Video Vortex concept, which provides craft cocktails and beer for customers looking to rent older movies. The Frisco venue will be the company’s seventh location in North

Urban Air Adventure Park Plans 31,000 SF Venue in Fort Worth

FORT WORTH, TEXAS — Urban Air Adventure Park, a Texas-based entertainment concept that features climbing walls, ropes courses and trampoline pits, will open a 31,000-square-foot venue in Fort Worth. The property will be located within Summer Creek Station, a 26-acre retail development on the city’s south side, and will open during the fourth quarter. Steve Williamson, Larry Jordan and Mason Bishop of Transwestern represented the landlord and developer, Wilson & Stonaker LLC, in the …

HFF Negotiates Sale of 192,000 SF Industrial Asset in North Houston

HOUSTON — HFF has negotiated the sale of Interwood Business Center, a 192,000-square-foot industrial asset located near George Bush Intercontinental Airport in north Houston. The two-building property, which includes one rear-load building and one cross-dock building, features 24-foot clear heights, dock-high doors and 130- to 190-foot truck courts. Trent Agnew, Rusty Tamlyn and Dane Petersen of HFF represented the seller, Stockbridge Capital Group, in the transaction. California-based Black …

ORIX Provides $28M Construction Loan for 236-Bed Student Housing Property in Austin

AUSTIN, TEXAS — ORIX Real Estate Americas, a division of Dallas-based financial services firm ORIX Corp. USA, has provided a $28 million loan for the construction of a student housing community in Austin. The property will serve the University of Texas at Austin and total 236 beds across 66 units. Amenities will include a fitness center, rooftop deck, cyber lounge and conference rooms. Construction of the property began in April, with completion expected in time for the 2019-2020 school year. …

LMI Capital Closes Three Acquisition Loans Totaling $24M in Houston Area

HOUSTON AND PASADENA, TEXAS — LMI Capital has closed three loans totaling roughly $24 million for the acquisitions of two multifamily complexes and one retail center in the Houston area. The undisclosed properties include a 215-unit apartment complex in northwest Houston, a 200-unit apartment property in the southeastern suburb of Pasadena and a 21,000-square-foot retail center in west Houston. Jamie Mullin, Brandon Brown and Jamie Safier of LMI Capital closed the deals for the first, second …

Newmark Arranges $22M Bridge Loan for Apartment Community in Metro Dallas

WAXAHACHIE, TEXAS — Newmark has arranged a $22 million bridge loan for Hunter’s Cove, a 192-unit multifamily community in Waxahachie, a southern suburb of Dallas. The property offers a mix of one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and outdoor kitchen area. Andy Bratt and Spencer Seibring of Newmark secured the two-year loan, which features an 80 percent loan-to-purchase-price ratio, through Greystone. The borrower was not

Darling Ingredients Signs 95,322 SF Office Lease Expansion in Irving

IRVING, TEXAS — Darling Ingredients, a provider of sustainable food, feed and fuel solutions, has signed a 95,322-square-foot office lease at 5601 N. MacArthur Blvd. within the Las Colinas business district in Irving. Beginning in December, the company will relocate from its 59,000-square-foot space at 251 O’Connor Ridge Blvd., which it has occupied for three decades. Bill McClung and Robbie Baty of Cushman & Wakefield represented Darling Ingredients in the lease negotiations. Matt …

HPI Horne Developing 979-Unit Self-Storage Facility in San Antonio

SAN ANTONIO — HPI Horne Storage, a joint venture between Austin-based HPI Real Estate Services & Investments and self-storage industry veteran Hugh Horne, is developing a 979-unit facility located at 10126 Potranco Road in San Antonio. The property will total 134,000 square feet of net rentable space and all its units are climate-controlled. The joint venture will own and operate the facility and a publicly traded self-storage REIT will manage it. Completion is slated for April 2019. SBS …

IPA Arranges Sale of 350-Unit Apartment Community in Corpus Christi

CORPUS CHRISTI, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Sendera Baypoint, a 350-unit multifamily community in Corpus Christi. The property was built in 1998 and offers amenities such as two pools, a sports court, business center, putting green, pet park, 24-hour fitness center and outdoor picnic and grilling areas. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller, Austin-based Sendera …

ViaWest Group Sells 245,945 SF Industrial Portfolio in El Paso

EL PASO, TEXAS — ViaWest Group, a Phoenix-based development and management firm, has sold a portfolio of industrial properties in El Paso totaling 245,945 square feet across four assets. The portfolio was 40 percent leased when ViaWest Group acquired it in 2015 and was 94 percent leased at the time of sale. Arturo De La Mora and Jonathan Bryan of CBRE represented ViaWest Group in the sale. Bill Caparis, also with CBRE, represented the buyer, Stonelake Capital

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