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Cawley Partners, Staubach Capital Acquire 475,000 SF Sabre Global Corporate Offices in Southlake

SOUTHLAKE, TEXAS — Locally based office development and investment firm Cawley Partners, in partnership with Staubach Capital, has acquired the 475,000-square-foot corporate offices of software and technology firm Sabre Global in the Fort Worth suburb of Southlake. The tenant has signed a 12-year lease to occupy all 265,000 square feet of Building A and entered into a short-term lease for the 210,000-square-foot Building B. The new ownership plans to fully renovate Building B and add a full …

Acquisitions, Office, Texas

Longpoint Realty Partners Breaks Ground on 178,000 SF Industrial Project in Metro Dallas

CARROLLTON, TEXAS — Boston-based Longpoint Realty Partners has broken ground on Point 35/190, a 178,000-square-foot industrial project located at the northwest corner of Interstate 35 and George Bush Freeway in the northern Dallas metro of Carrollton. The building is designed for one to four tenants and features 32-foot clear heights, 44 dock-high doors, two drive-in ramps and a 142-foot truck court. Additionally, the project has four acres of extra land that can provide trailer parking …

Development, Industrial, Texas

Lument Provides $40M Agency Loan for Refinancing of Multifamily Asset in League City, Texas

LEAGUE CITY, TEXAS — Lument, the newly formed organization between Hunt Real Estate Capital, Lancaster Pollard and RED Capital Group, has provided a $40 million Freddie Mac loan for the refinancing of Fairways at South Shore, a 432-unit multifamily asset in League City. The property was built in 2000 and is located between Houston and Galveston. According to Apartments.com, the property offers one-, two- and three-bedroom units and amenities such as a pool, spa, fitness center and a …

Loans, Multifamily, Texas

Vroom Signs 102,500 SF Office Lease at Westchase Park II in Houston

HOUSTON — Vroom, a New York City-based automotive retailer and online marketplace, has signed a 102,500-square-foot office lease at Westchase Park II in Houston. The 569,825-square-foot office complex comprises two buildings and a freestanding amenity center that houses a Citrus Kitchen restaurant, a fitness center with full-service locker rooms and a tenant conference center. Louie Crapitto of JLL represented the tenant in the lease negotiations. Eric Anderson, Parker Burkett and Katy Gragg …

Leasing Activity, Office, Texas

Garrett Cos. Sells Multifamily Property in Centennial, Colorado to Sunroad Enterprises for $47.8M

CENTENNIAL, COLO. — The Garrett Cos. has completed the disposition of The Mezz at Fiddlers Green, an apartment community located 6440 S. Syracuse Way in Centennial. Sunroad Enterprises purchased the newly constructed property for $47.8 million.Dan Woodward, David Potarf and Matt Barnett of CBRE Capital Markets in Denver represented the seller, while Rocco Mandala of CBRE’s Phoenix office secured financing for the buyer.Situated on 3.5 acres within the Denver Tech Center, The Mezz at …

Acquisitions, Colorado, Multifamily, Western

LOCAL Ventures Receives Development Financing for Apartment Project in Downtown Boise

BOISE, IDAHO — LOCAL Ventures has received joint venture equity and construction financing for the development of LOCAL Boise, a residential property located at 250 E. Myrtle St. in downtown Boise.Appian Capital and Argos Capital Partners provided the equity, while Old National Bank provided the loan for construction financing.Steve Kohn, Chris Moyer, Zachary Kraft and Matt Naumann of Cushman & Wakefield Equity, Debt & Structured Finance represented the borrower.Slated for …

Development, Idaho, Loans, Multifamily, Western

Cushman & Wakefield Arranges $5.2M Sale of Shoppes at Cortaro Ranch in Tucson

TUCSON, ARIZ. — Cushman & Wakefield has negotiated the sale of Shoppes at Cortaro Ranch, a newly constructed retail property located at 5660 W. Cortaro Farms Road in Tucson. Colorado-based Sonoma Heights acquired the asset from Terry Haute, Indiana-based Cortaro Commercial JV LLC for $5.2 million.Built this year, Shoppes at Cortora Ranch features 10,617 square feet of retail space. At the time of sale, the property was fully leased.Chris Hollenbeck of Cushman & Wakefield’s …

Acquisitions, Arizona, Retail, Western

Progressive Real Estate Partners Brokers $4.8M Sale of Former Food 4 Less Store in Corona, California

CORONA, CALIF. — Progressive Real Estate Partners has arranged the sale of a former Food 4 Less grocery store located at 109 N. McKinley St. in Corona. Expert Hardware Flooring acquired the property for $4.8 million.The buyer plans to use the 55,000-square-foot building as a showroom and wholesale distribution center for its commercial flooring. Built in 1989, the building features an open floor plan, two loading docks and bay doors, pylon signage along McKinley Street and expansive …

Acquisitions, California, Retail, Western

MedProperties Acquires 42-Bed Inpatient Rehab Facility in Fargo, North Dakota

FARGO, N.D. — MedProperties Realty Advisors has acquired a Post Acute Medical (PAM) inpatient rehab facility in Fargo for an undisclosed price. The 42-bed hospital spans 57,000 square feet. It is fully leased to PAM on an absolute net basis for 18 years. The property is the only inpatient rehab facility in the state and it also serves portions of Minnesota and South Dakota, according to MedProperties. Siemens Financial provided debt for the acquisition. P.J. Camp and Mathew Tarpley of Hammond …

Acquisitions, Healthcare, Midwest, North Dakota

98,837 SF Shopping Center in Omaha Trades Hands for $12.7M

OMAHA, NEB. — The 98,837-square-foot 72nd Crossing Shopping Center in Omaha has traded hands for $12.7 million. Situated in the 72nd Street Corridor, the property was fully leased at the time of sale to tenants such as Michaels, PetSmart, Big Lots and Dunkin’. Ember Grummons of Investors Realty represented the seller, NewStreet Properties. Jason Taylor of Equity Management Group represented the buyer, Kentucky-based LVP Center

Acquisitions, Midwest, Nebraska, Retail
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