Dogwood Industrial Acquires Two Properties Totaling 600,000 SF in West Dallas

DALLAS — Dogwood Industrial Partners, a division of San Francisco-based TPG Real Estate Partners, has acquired Turnpike 3 and Turnpike 4, two industrial properties totaling approximately 600,000 square feet in West Dallas. The buildings are located along the Interstate 30 corridor. Locally based development and investment firm Billingsley Co. sold the assets to Dogwood Industrial for an undisclosed price. Dallas-based Holt Lunsford Commercial brokered the

May 6, 2021Acquisitions, Industrial, Texas

Blackline Cold Storage Breaks Ground on 300,000 SF Facility Near Port Houston

HOUSTON — Houston-based Blackline Cold Storage has broken ground on a 300,000-square-foot facility within Cedar Port Industrial Park, a master-planned, rail-served development near Port Houston. The facility will be situated on a 36-acre site near the Barbours Cut and Bayport container terminals and will feature multiple segregated temperature zones, 48-foot ceiling heights, up to 50 truck doors and blast freezing capability. Gordon Reynolds, Brian Myers, Jeff Stein, Brock Hudson, Art …

May 6, 2021Development, Industrial, Texas

Colliers Mortgage Provides Fannie Mae Acquisition Loan for 224-Unit Multifamily Asset in Irving

IRVING, TEXAS — Colliers Mortgage has provided a Fannie Mae loan of an undisclosed amount for the acquisition of Courtyard of Roses, a 224-unit apartment community in Irving. The property, which consists of 17 two-story apartment buildings and a single-story clubhouse, was originally built in 1972 and renovated between 2015 and 2019. Colliers Mortgage originated the financing, which was structured with a 10-year term and a 30-year amortization schedule, through a partnership with Old Capital …

May 6, 2021Loans, Multifamily, Texas

The Multifamily Group Arranges Sale of 144-Unit Community in White Settlement, Texas

WHITE SETTLEMENT, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Sky Landing, an apartment community located in the western Fort Worth suburb of White Settlement that was built in 1968. According to Apartments.com, the property totals 144 units and offers amenities such as a sports court and onsite laundry facilities. Jon Krebbs of TMG represented the buyer and seller, both of which requested anonymity, in the

May 6, 2021Acquisitions, Multifamily, Texas

Siegel Group Nevada Acquires Former Amerihome Inn & Suites Hotel in Houston

HOUSTON — The Siegel Group Nevada Inc. has acquired a former Amerihome Inn & Suites hotel in Houston. The three-story building was originally constructed in 1983 and spans 110,700 square feet. The company plans to renovate and rebrand the property under its Siegel Suites flagship hospitality brand, which features fully furnished apartment-style units with full kitchens. Capital improvements will include upgrades to floors, cabinets, furniture, appliances, windows and

May 6, 2021Acquisitions, Hospitality, Texas

Banyan Residential, Milhaus Break Ground on $59M Multifamily Project in Dallas

DALLAS — A partnership between two development firms, Los Angeles-based Banyan Residential and Indianapolis-based Milhaus, has broken ground on Banyan Beckley, a $59 million multifamily project in Dallas. The site is located just outside the downtown area in a Qualified Opportunity Zone at 1710 N. Beckley Ave. Designed by architecture firm JHP, Banyan Beckley will offer 279 units one-, two- and three-bedroom floor plans, as well as in micro-units and studio configurations. Amenities will …

May 5, 2021Development, Multifamily, Texas

Kalterra Capital Sells 213-Unit Apartment Community in Waxahachie, Texas

WAXAHACHIE, TEXAS — Dallas-based Kalterra Capital Partners has sold Park Place, a 213-unit apartment community located on a 12-acre site in Waxahachie, about 30 miles south of Dallas. Park Place features one-, two- and three-bedroom units with private yards and attached garages, as well as a pool, fitness center, a dog park and courtyards. The seller and sales price were not disclosed. Kalterra Capital Partners plans to break ground on another multifamily and an active adult project in …

May 5, 2021Acquisitions, Multifamily, Texas

Stream Capital Partners Arranges $29M Sale-Leaseback of Texas Restaurant Portfolio

CHICAGO — Chicago-based Stream Capital Partners LLC has arranged a $29 million sale-leaseback of a portfolio of nine quick service restaurants located throughout Texas. Palenque Group, which operates 34 restaurants throughout the state under the Taco Palenque, Pollo Palenque and Palenque Grill brands, was the seller and will continue to occupy the properties. The buyer was not disclosed. Chelsea Mandel of Stream Capital Partners brokered the

May 5, 2021Acquisitions, Restaurant, Retail, Texas

Vanguard Real Estate Brokers Sale of 80-Unit Multifamily Asset in Hallsville, Texas

HALLSVILLE, TEXAS — Dallas-based Vanguard Real Estate Advisors has brokered the sale of Stonegate Apartments, an 80-unit multifamily asset in Hallsville, about 140 miles east of Dallas. The property features one- and two-bedroom units. Jordan Cortez, Justin Tidwell and Chris Lussier of Vanguard represented the locally based seller, Stiles Family Properties LP, in the transaction. The buyer was an undisclosed investor based in

May 5, 2021Acquisitions, Multifamily, Texas

Vantage Bank Texas Signs 15,000 SF Office Lease at Triune Centre in Fort Worth

FORT WORTH, TEXAS — Vantage Bank Texas has signed a 15,000-square-foot office lease to be the anchor tenant at Triune Centre, a 30,000-square-foot office development at 3400 West Freeway in Fort Worth. Cullen Donohue, Seth Koschak, Chris Doggett and Vic Meyer of Stream Realty Partners represented the landlord, a partnership between Cornerstone Projects Group and Trident Structures, in the lease negotiations. Theron Bryant of Transwestern represented Vantage Bank Texas. Construction of the …

May 5, 2021Leasing Activity, Office, Texas