Property Type

Berkadia Secures $41M in Refinancing for 381-Unit Apartment Property in Fort Worth

by Taylor Williams January 15, 2018

FORT WORTH, TEXAS — Berkadia has secured a $41 million loan for the refinancing of Mansions at Timberland, a 381-unit multifamily property located at 11401 N. Riverside Drive in Fort Worth. The property features a mix of one- and two-bedroom units and amenities such as a saltwater pool, outdoor grilling areas, business center and a fitness center. Stewart Campbell of Berkadia secured the Fannie Mae loan, which features a 75 percent loan-to-value (LTV) ratio and a 30-year amortization schedule, on behalf of the borrower, Mansions at Timberland LP.

January 15, 2018

Multifamily Texas

S2 Capital Purchases 332-Unit Apartment Community in Fort Worth

by Taylor Williams January 15, 2018

FORT WORTH, TEXAS — Addison, Texas-based investment firm S2 Capital LLC has purchased Oakland Hills Apartments, a 332-unit multifamily community located at 807 Heights Drive in east Fort Worth. The property offers one-, two- and three-bedroom units and amenities such as a pool, grilling areas and on-site laundry facilities. Mark Brandenburg of JLL arranged acquisition financing for the sale through Benefit Street Partners, a New York-based asset management firm.

January 15, 2018

Industrial Oklahoma Texas

ATCAP Acquires 16-Building, 1 MSF Industrial Portfolio in Dallas, Oklahoma City

by Taylor Williams January 15, 2018

DALLAS AND OKLAHOMA CITY — Dallas-based investment firm ATCAP Partners has acquired a portfolio of 16 industrial buildings totaling approximately 1 million square feet. The purchase of the properties, which are located in Dallas and Oklahoma City, brings ATCAP’s volume of industrial acquisitions over the last two months to more than 2 million square feet. Brian Carlton of HFF arranged acquisition financing for the sale through Global Atlantic Financial Group.

January 15, 2018

Office Texas

Law Firm Signs 77,015 SF Office Lease Renewal, Expansion in Downtown Houston

by Taylor Williams January 15, 2018

HOUSTON — Law firm Jackson Walker has signed a 77,015-square-foot office lease renewal and expansion at 5 Houston Center, a 580,000-square-foot, Class A office property in downtown Houston. The lease includes a renewal of the existing 74,094 square feet occupied by the firm and an expansion of 2,921 square feet. Eric Anderson and Tyler Garrett of Transwestern represented the landlord, Spear Street Capital, in the lease negotiations. Tim Relyea of Cushman & Wakefield represented Jackson Walker.

January 15, 2018

Colorado Office Western

Invesco Advisers Purchases 186,231 SF Office Building in Colorado for $47.1M

by Nellie Day January 15, 2018

BROOMFIELD, COLO. — Invesco Advisers has purchased a 186,231-square-foot office building in Broomfield for $47.1 million. The building is located at 105 Edgeview Drive. The asset is fully leased, with the anchor tenant being Gogo, an in-flight internet and entertainment provider. The newly built property, known as Gogo Building at Interlocken, was developed by Hines and designed by Forum Architects. It is the first phase of Hines’ EOS at Interlocken office campus development. NKF represented Hines in this transaction.

January 15, 2018

Industrial Texas

NAI Partners Arranges Sale of 13,361 SF Industrial Property in Metro Houston

by Taylor Williams January 15, 2018

HUMBLE, TEXAS — NAI Partners has arranged the sale of a 13,361-square-foot industrial property located at 6425 and 6435 Storey Drive in the northeastern Houston metro of Humble. Joel Michael of NAI Partners represented the buyer, industrial contractor Persons Development & Construction Services LLC, in the transaction. Other terms of sale were not disclosed.

January 15, 2018

Loans Multifamily Seniors Housing Washington Western

Ziegler Arranges $75M Bond Refinancing for 483-Unit CCRC in Seattle

by Nellie Day January 15, 2018

SEATTLE — Ziegler has closed $75 million in bond financing for Horizon House, a 482-unit continuing care retirement community (CCRC) in downtown Seattle. Horizon House is a nonprofit community affiliated with the Pacific Northwest Conference of the United Church of Christ. The property is home to more than 540 residents in 378 independent living apartments, 80 assisted living apartments and 25 memory care apartments. Horizon House will use the proceeds of the bonds to pay off $56.5 million in outstanding bonds from 2014 and fund renovations.

January 15, 2018

California Industrial Western

Independent Trading Co. Buys 181,069 SF Industrial Property in California for $32.5M

by Nellie Day January 15, 2018

FULLERTON, CALIF. — Independent Trading Co. has purchased a 181,069-square-foot industrial property in Fullerton for $32.5 million. The building is located at 4150 N. Palm St. The asset features amenities like 6,984 square feet of office space, 32-foot clear height, dock-high loading, a large truck court and ESFR sprinkler system. Independent Trading Co. is relocating to North Orange County from Whittier. DAUM Commercial Real Estate Services represented the buyer, while CBRE represented the seller, Western Realco, in this transaction.

January 15, 2018

Office Oregon Western

Goldman Sachs, HP Investors Acquire Office Portfolio in Portland

by Nellie Day January 15, 2018

PORTLAND, ORE. — A joint venture between Goldman Sachs Asset Management Private Real Estate and HP Investors has acquired a two-property office portfolio in Portland for an undisclosed sum. The properties included in the transaction are Block 90 and 300 Building. The portfolio contains a total of 85,753 square feet. The assets are situated adjacent to one another. They comprise an entire block in the Pearl District and are listed on the National Historic Register. The JV plans to maintain the boutique creative office space that caters to demand from a wide range of tenants in the marketplace looking for authentic, repurposed office space.

January 15, 2018

Florida Loans Multifamily Southeast

Aztec Group Arranges $56.8M Construction Loan for Multifamily Development in Broward County

by Camren Skelton January 15, 2018

PEMBROKE PINES, FLA. — Aztec Group Inc. has secured a $56.8 million construction loan for the development of a 387-unit apartment community at Pembroke Pines City Center, a 325,000-square-foot mixed-use project under development in Broward County. The site is located at the southwest corner of Palm Avenue and Pines Boulevard in Pembroke Pines. Jason Shapiro and Sean Harrington of Aztec Group arranged the loan through Florida Community Bank on behalf of the borrower and project developer, Terra City Center MF LLC. The community will feature a resort-style pool, fitness center and clubhouse. Terra is currently underway on the retail portion of Pembroke Pines City Center, which is more than 70 percent preleased to tenants including Publix, Carl’s Patio, Cooper’s Hawk, BurgerFi, Smoothie King, PizzaRev, Bento Café and The Halal Guys. In addition, the project is located adjacent to the city’s recently completed civic center, which includes a 3,500-seat performing arts center and conference hall, outdoor plaza, 10,000-square-foot art gallery and a new city hall. Pembroke Pines City Center is expected to complete in 2019, according to the South Florida Business Journal.

January 15, 2018

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