REBusinessOnline

Banyan Residential, Marble Capital Acquire Lofts at the Ballpark in Downtown Houston

HOUSTON — Banyan Residential and financial partner Marble Capital have purchased Lofts at the Ballpark, a 375-unit apartment community located one block from Minute Maid Park and BBVA Stadium in downtown Houston. Built in 2001 by Houston-based Hanover Co., the four-story building is located at 610 Saint Emanuel St. and features one- and two-bedroom floor plans. Community amenities include a 24-hour business center, grills, spin room, game room, internet café with a coffee bar, movie theater …

Worth & Associates Breaks Ground on 135,000 SF Office Park in San Antonio

SAN ANTONIO — Worth & Associates has broken ground on Walker Ranch Business Park, a two-building, 135,000-square-foot office park in San Antonio. The site is located on 10.8 acres at the corner of Wurzbach Parkway and West Avenue in the city’s North Central submarket. Walker Ranch will comprise a 58,000-square-foot, two-story office building with 10-foot ceilings, two conference rooms, break rooms and a courtyard. The second building will span 78,000 square feet of flex office space with …

Brookwood Properties to Open Three-Story Self-Storage Facility in San Antonio

SAN ANTONIO — Brookwood Properties LLC plans to open a three-story self-storage facility located at 4618 San Pedro Ave. in San Antonio this month. The property will span 119,000 square feet and feature 900 controlled-climate units. New York-based self-storage REIT Life Storage will operate the facility. Baton Rouge, La.-based Brookwood Properties broke ground on the building in June 2019. The project team includes Baton Rouge-based general contractor Rosehill Construction and Wichita, …

Lee & Associates Arranges Lease for New Voodoo Doughnut Eatery in Houston’s Montrose District

HOUSTON — Lee & Associates-Houston has arranged a 3,000-square-foot lease in Houston for Voodoo Doughnut, a boutique donut shop based in Portland, Ore. Voodoo will open the new store this fall at 1214 Westheimer Road in Houston’s Montrose district. Grant Walker and Brad Kilbride of Lee & Associates-Houston, along with Wade Green of Transwestern, represented Voodoo in the lease deal. The landlord was not disclosed. Walker also represented Voodoo last year in its lease negotiations …

Ziegler Arranges $45.2M Refinancing for Seniors Housing Community Near Memphis

GERMANTOWN, TENN. — Ziegler has arranged $45.2 million in financing for The Village at Germantown, a continuing care retirement community in the Memphis suburb of Germantown. The community is located on a 27.5-acre site and features 230 independent living units, 32 assisted living units, 16 memory care units and 50 skilled nursing beds. The financing is a “Cinderella refunding,” meaning that taxable bank debt will convert to non-bank-qualified, tax-exempt debt in September 2022. The …

Hines, 2ML to Build 52-Acre Mixed-Use Project Adjacent to Texas Medical Center in Houston

HOUSTON — Hines and 2ML Real Estate Interests plan to co-develop Levit Green, a mixed-use development in Houston that will span 52 acres. Situated adjacent to Texas Medical Center, the project will feature life science research facilities, office space, residences, retail space, restaurants, outdoor amenities and green space. Both Hines and 2ML are based in Houston. Hines is a private owner and developer, and 2ML was formerly known as The Grocers Supply Co. but sold off its grocery wholesale …

KeyBank Secures $50M Construction Financing for Affordable Housing Community in San Marcos

SAN MARCOS, TEXAS — KeyBank Real Estate Capital’s Community Development Lending and Investment (CDLI) division has secured $50 million of private placement financing for Riverstone, a planned 336-unit affordable housing community in San Marcos. The borrower, Louisville, Ky.-based LDG Development, plans to deliver the property by June 2022. The 18-acre property will feature 12 apartment buildings, a one-story clubhouse, pool and equipment room and two clusters of detached garages. The …

A&R Logistics Leases 133,333 SF at AmeriPort Industrial Park Near Houston

BAYTOWN, TEXAS — A&R Logistics Inc., a supply chain services provider to the chemical industry, has leased 133,333 square feet at AmeriPort Industrial Park in Baytown. The property is located at 703 Logistics Drive S. near Trinity Bay in metro Houston. Charles Fertitta Jr. of Colliers International represented A&R Logistics in the lease transaction. Robert Alinger, also with Colliers, represented the landlord, National Property Holdings. AmeriPort Industrial Park comprises 4 million square …

Goosehead Insurance Expands Lease in Westlake, Texas to 150,454 SF

WESTLAKE, TEXAS — Goosehead Insurance, an independent personal lines insurance agency, has expanded and extended its corporate headquarters lease at The Terraces at Solana office campus in Westlake. The firm added 42,308 square feet to its existing lease at 1500 Solana Blvd., bringing its overall footprint to 150,454 square feet. This is the second lease expansion for Goosehead in the past two years. Goosehead will occupy the entirety of Building 4 along with the full fifth floor in Building …

NAI Partners Arranges 65,415 SF Industrial Lease Renewal in Southeast Austin

AUSTIN, TEXAS — NAI Partners Austin has arranged a 65,415-square-foot industrial lease renewal for Picrow Streaming Inc. in southeast Austin. The property is situated at 3910 S. Industrial Blvd. Troy Martin of NAI Partners represented the tenant in the lease transaction. Leigh Ellis of Aquila Commercial represented the unnamed landlord. Picrow is a New York-based film production and development company that creates content such as commercial, digital media, movies and TV.

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