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AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 216-Unit Apartment Complex in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Summit Ridge, a 216-unit apartment complex in the Central Texas city of Temple. Summit Ridge offers one-, two- and three-bedroom units with an average size of 956 square feet and amenities such as a pool, dog park, clubhouse, business center and a fitness center. Will Balthrope of IPA, in conjunction with Tommy Lovell III and Richard Robson of Marcus & Millichap, represented the seller, a private investor, in the transaction. The trio also procured the buyer, Ilan Investments LLC.

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AcquisitionsHospitalityTexas

Hunter Hotel Advisors Arranges Sale of 83-Room Hotel in Gainesville, Texas

by Taylor Williams

GAINESVILLE, TEXAS — Atlanta-based hospitality brokerage firm Hunter Hotel Advisors has arranged the sale of an 83-room hotel in Gainesville, located north of the metroplex. The Fairfield Inn & Suites Gainesville I-35 hotel was built in 2019 and offers amenities such as an indoor pool, fitness center, business center and 450 square feet of meeting and event space. Kami Burnette and Mason McDavid of Hunter Hotel Advisors represented the seller, an entity doing business as Texoma 35 LLC, in the transaction.

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DevelopmentHealthcareOfficeTexas

Skanska USA Completes 20,772 SF Adaptive Reuse Project in Houston’s Third Ward

by Taylor Williams

HOUSTON — Skanska USA has completed a 20,772-square-foot adaptive reuse project in Houston’s Third Ward. The project converted the historic Riverside General Hospital, which originally opened in 1926, into the new home of the Harris County Public Health Department. The work encompassed renovations to the main hospital building, former nursing school and adjacent utility structure. The project team also integrated new mechanical, electrical and life-safety systems throughout.

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IndustrialLeasing ActivityOfficeTexas

C&S Electric Services Signs 18,302 SF Lease at Industrial Flex Property in Plano

by Taylor Williams

PLANO, TEXAS— C&S Electric Services, a Michigan-based company, has signed an 18,302-square-foot lease in Plano. The space is located within the 82,600-square-foot industrial flex property at 2600 Technology Drive. Brian Pafford and Jared Laake of Bradford Commercial Real Estate Services represented the landlord, Kennington Commercial, in the lease negotiations. Casey Hilbun and Sara Fredericks of Newmark represented the tenant. 

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IndustrialLoansTexas

Affinius Capital Provides Acquisition Loan for 917,374 SF Industrial Park in Benbrook, Texas

by Taylor Williams

BENBROOK, TEXAS — New York City-based Affinius Capital has provided an acquisition loan of an undisclosed amount for Chisholm 20, a 917,374-square-foot industrial park in Benbrook, a southwestern suburb of Fort Worth. Developed in 2022-2023 by North Texas-based Jackson-Shaw, Chisholm 20 consists of three rear- and front-load buildings that range in size from 174,137 to 377,884 square feet. The buildings feature 32- to 36-foot clear heights, 185- to 190-foot truck court depths and a combined 162 dock doors, six drive-in doors and parking for 467 cars and 113 trailers. Tom Burns and Hunter Habash of CBRE arranged the loan on behalf of the buyer, Fort Worth-based Black Mountain Energy.

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IndustrialLeasing ActivityTexas

Colliers Negotiates 167,120 SF Industrial Lease in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Colliers has negotiated a 167,120-square-foot industrial lease in the western Houston suburb of Brookshire. The tenant was not disclosed. According to LoopNet Inc., the building at 814 FM 1489 features a front-load configuration, 32-foot clear heights, 145-foot truck court depths, 38 dock-high doors, 149 car parking spaces and 3,802 square feet of office space. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the landlord, which also requested anonymity, in the lease negotiations.

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AcquisitionsRetailTexas

Bill Foose Co. Arranges Sale of 13,000 SF Retail Building in Duncanville, Texas

by Taylor Williams

DUNCANVILLE, TEXAS — Locally based brokerage firm Bill Foose Co. has arranged the sale of a 13,000-square-foot retail building in Duncanville, located south of Dallas, that was formerly occupied by CVS. According to LoopNet Inc., the building at 615 S. Cockrell Hill Road was originally constructed in 1997. Bill Foose Co. represented the seller, an entity doing business as Duncanville Associates, in the transaction. The undisclosed buyer plans to open an indoor amusement park within the building.

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IndustrialLeasing ActivityTexas

RPT Alliance Signs 11,847 SF Office Lease Expansion in Northwest Houston

by Taylor Williams

HOUSTON — RPT Alliance has signed an 11,847-square-foot office lease expansion in northwest Houston. The oil-and-gas services provider now occupies 25,244 square feet at Sam Houston Crossing II, a 159,056-square-foot building. JLL represented RPT Alliance in the lease negotiations. Louann Pereira and Doug Little of Transwestern represented the landlord, California-based Buchanan Street Partners.

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DevelopmentHospitalityTexas

Oldham Goodwin Tops Out 150-Room Hotel in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has topped out a 150-room hotel in the northeastern San Antonio suburb of New Braunfels. The eight-story, 150,000-square-foot building will be operated under the Springhill Suites by Marriott brand. The site is located along the Guadalupe River, and the hotel will connect to the adjacent 125-room Courtyard by Marriott hotel. Amenities will include a pool, fitness center, business center, meeting rooms, boat docks and an onsite restaurant and bar. Niles Bolton Associates is the project architect, and Arch-Con Corp. is the general contractor. Construction began last summer and is expected to be complete in late 2026-early 2027.

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AcquisitionsMultifamilyTexas

KW Commercial Arranges Sale of 121-Unit Apartment Building in West Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — KW Commercial has arranged the sale of a 121-unit apartment building in Fort Worth. Built in phases between 1969 and 1980, Slate at Fort Worth is located on the city’s west side. Units come in one- and two-bedroom floor plans, and amenities include a pool, courtyard and outdoor grilling and dining stations. The buyer was a partnership between Westline Equity Partners and Apogee Capital, and the seller was not disclosed. Jaxton Hoelting led the transaction for KW Commercial. Carl Pankratz of Blackacre Commercial arranged an undisclosed amount of acquisition financing for the deal through Sheridan Capital.

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