BEE CAVE, TEXAS — The Bee Cave City Council has approved the latest phase of development of Village at Spanish Oaks, an 80-acre mixed-use project that will be located along State Highway 71 in Bee Cave, a northwestern suburb of Austin. The project represents the final phase of Spanish Oaks, a 1,200-acre master-planned development by CCNG Inc. and Greenbrier Southwest Corp. Preliminary plans call for office, retail, restaurant, hotel and residential components. According to The Austin American-Statesman, construction of the buildings is expected to begin in 2020.
SAN ANTONIO — Tampa-based self-storage brokerage firm SkyView Advisors has arranged the sale of 1604 Store and More, a 558-unit self-storage facility in San Antonio. The property totals 140,220 net rentable square feet across 269 climate-controlled units and 289 non-climate-controlled units. Ryan Clark and Cameron Vale of SkyView Advisors represented the undisclosed seller in the transaction.
HOUSTON — French investment bank Natixis has originated a $45 million loan for the acquisition of Venue Museum District, a 224-unit multifamily complex in Houston. The Class A, mid-rise property, which is located at 5353 Fannin St., features one- and two-bedroom units and amenities such as a pool, resident lounge, fitness center and outdoor kitchen. The borrower was Hines Global Income Trust.
HOUSTON — Newcor Commercial Real Estate has brokered the sale of a 12,000-square-foot industrial building located at 8715 Golden Spike Lane in Houston. David Alexander of Newcor Commercial represented the seller, NSH Properties, in the transaction. Kyle Prater of Newmark Knight Frank represented the buyer, Hyvonen Properties, which will occupy the property and use it for cold storage.
HOUSTON — Houston-based Orr Commercial has sold Memorial Thicket Corner, an 8,729-square-foot retail strip center in Houston’s Energy Corridor. Completed in 2014, the center was fully leased at the time of sale to tenants such as Mattress Firm, Vision Source and USA Nails. Ryan West and John Indelli of HFF marketed the property on behalf of Orr Commercial. The buyer was not disclosed.
DALLAS — Ziegler has arranged $91.9 million in tax-exempt bond financing for Presbyterian Village North, a 63-acre, nonprofit continuing care retirement community (CCRC) in Dallas. The campus is spread across 89 buildings featuring a total of 295 independent living units, 101 assisted living units, 44 memory support units and 172 skilled nursing beds. Proceeds of the bonds, along with trustee funds on hand were used to refund all outstanding debt, finance a project fund for pre-finance costs related to a future expansion, fund a debt service reserve and pay costs of issuance.
FORT WORTH, TEXAS — Multifamily investment and development firm Wood Partners has opened Alta Waterside, a 361-unit multifamily community in Fort Worth. The property, which features one-, two- and three-bedroom units, is located within a larger mixed-use development called Waterside, which is anchored by a Whole Foods Market and features an array of retailers. Alta Waterside’s amenities include a pool, kitchen-style bar, clubhouse, conference room, cyber lounge, fitness center and hiking trails.
EL PASO, TEXAS — Pilot Freight Services, a transportation and logistics firm, has signed an 87,726-square-foot industrial lease at 445 Pan American Drive in El Paso. The company will occupy 100 percent of the property, which represents the first speculative industrial space built in El Paso during this cycle. Arturo de La Mora and Christian Perez Giese of CBRE represented the landlord and developer, Hanson Asset Management LP, in the lease negotiations. Chad McCleskey of CBRE represented the tenant.
DALLAS — TIG Real Estate Services has negotiated the sale of a 35,478-square-foot industrial building located at 9886 Chartwell Drive in Dallas. Matthew Hickey and Kristin Grammar of TIG represented the seller in the transaction. Beam Real Estate represented the buyer. Other terms of sale were not disclosed.
HOUSTON — Davis Commercial has brokered the sale of a 12,500-square-foot shopping center located at 10824 Kingspoint Road in Houston. The property was 100 percent occupied at the time of sale. Ryan Neyland of Davis Commercial represented the seller, Chimera Holdings LLC, in the transaction. The buyer was JTL Logistics Inc.