WEST HAVEN, CONN. — Locally based brokerage firm Pearce Commercial has arranged the sale of a 3,398-square-foot medical office building in West Haven for an undisclosed price. Carl Russell of Pearce Commercial represented the buyer and future occupant, Internal Medicine of Greater New Haven, in the transaction. Jed Backus of Backus Real Estate LLC represented the seller.
HOUSTON — Realty.com, a privately held brokerage firm based in Houston, has acquired a 400,000-square-foot office building located at 363 N. Sam Houston Parkway E. on the city’s north side. The 20-story, Class A property was built in 1982 and renovated between 2016 and 2019. Building amenities include a fitness center and a deli, and the new ownership plans to add a tenant lounge with an arcade and kitchen. The transaction marks Realty.com’s first major acquisition in its hometown market. Marty Hogan and Kevin McConn of JLL represented the seller, a California-based private investor, in the deal.
PFLUGERVILLE, TEXAS — Dallas-based Oxford Enterprises has acquired Santa Clara, a 300-unit apartment community located in the northern Austin suburb of Pflugerville. The property was built on 21.5 acres in 2019 and is situated within several miles of the hubs of major employers like Apple, Dell, Oracle, Hewlett-Packard and General Motors. Units feature one-, two- and three-bedroom floor plans with granite countertops, kitchen islands and private balconies and patios. Amenities include a pool, playground, fitness center, business center, movie theater and a dog park. Will Balthrope, Jordan Featherston, Drew Garza and Kent Myers of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Santa Clara LLC, in the transaction. The team also procured Oxford Enterprises as the buyer.
CHANNELVIEW, TEXAS — Hunt Capital Partners has provided $9.8 million in federal low-income housing tax credit equity financing for the construction of The Hollows Apartments. The 192-unit affordable housing community will be located on a 7.5-acre site in Channelview, about 17 miles northeast of Houston. The Hollows will offer 36 one-bedroom, 84 two-bedroom, and 72 three-bedroom units restricted to households earning up to 30, 50 and 70 percent of the area median income. LDG Multifamily LLC is co-developing the project with HCHA Redevelopment Authority Inc., an affiliate of the Harris County Housing Authority. Kelly Grossman Architects LLC is designing the project. Construction is expected to begin in September and to be complete in March 2022.
GRAND PRAIRIE, TEXAS — Chicken N Pickle, an entertainment concept that pairs the food and drink of a chef-driven restaurant with pickleball and other games, will open a restaurant and entertainment venue in the central metroplex city of Grand Prairie. The venue, which is scheduled to open in 2021, will feature indoor and outdoor pickleball courts, lawn games, a rooftop bar and a full-service restaurant. Chicken N Pickle Grand Prairie will also offer clinics for players of all experience levels, as well as professional and amateur tournaments. The company is pursuing a joint venture with the City of Grand Prairie wherein the city will own the land, develop parking needs and lease to Chicken N Pickle for this use. Chicken N Pickle opened its flagship venue in Kansas City in 2017 and also brought its concept to San Antonio earlier this year.
AUSTIN, TEXAS — Houston-based investment firm Hunington Properties has purchased a 16,500-square-foot building in the Westbank area of Austin for its new office. Hunington has hired local architecture firm JDAI Studio to redesign and remodel the space. Evan Dyer and Gigi Gomel will oversee the firm’s new Austin office, which is located at 1715 S. Capital of Texas Highway. Hunington is an active developer in the state capital. The firm’s projects include Shops at Steiner Ranch, Shops at Shadowglen, Shops at Riverplace, Shops at Volente and Shops at Boulder.
KANSAS CITY, MO. — Hunt Midwest continues to expand StorTropolis, its brand of climate-controlled self-storage facilities, throughout metro Kansas City. The developer has opened a 138,000-square-foot facility at 3140 NW Jefferson St. in Blue Springs, Mo., and begun construction on a 111,000-square-foot facility in Lenexa, Kan. Hunt Midwest began developing self-storage properties in 2018 and, in partnership with Strickland Construction, has built and opened three other StorTropolis facilities — two in Kansas City and one in Shawnee, Kan. Each three-story StorTropolis building ranges in size from 104,000 to 138,000 square feet and offers 580 to 760 climate-controlled units. Storage Asset Management, a privately owned, third-party management company, operates StorTropolis. Hunt Midwest is also the developer for SubTropolis, a massive underground business complex with more than 6.5 million square feet of leasable space.
CHICAGO — Chamberlain University, known for its nursing school, has signed a lease for 75,000 square feet of educational space at Riverview at Roscoe on Chicago’s North Side. Baum Revision acquired the office property in a joint venture with Meridian Capital in March of this year. The property is currently undergoing capital improvements with a focus on wellness to achieve LEED Platinum certification. Patrick Russo, Adam Showalter and Jessica O’Hara of Stream Realty Partners have been retained to lease and market the property. There are 40,000 square feet remaining available for lease. Chamberlain has locations across the United States in addition to online programs.
FARGO, N.D. — Bellwether Enterprise Real Estate Capital LLC has arranged a $15.1 million loan through the Federal Housing Administration for the refinancing of Arbor Courts, a 150-unit workforce housing property in Fargo. Built in 2015, the four-building property is located at 3900 56th St. Monthly rents range from $800 to $1,200. Mike Polencheck and Jon Killough of Bellwether Enterprise arranged the loan on behalf of the borrower, Arbor Courts LLC, an affiliate of Epic Management.
OVERLAND PARK, KAN. — PEBB Enterprises has sold a retail property leased to Tires Plus at its Pinnacle Village shopping center for $2.2 million. Four Corners Property Trust purchased the 7,740-square-foot building, which is located in the Kansas City suburb of Overland Park. Colliers International brokered the sale. PEBB acquired the 126,909-square-foot Pinnacle Village in May 2018. DSW and Michael’s are the anchor tenants.