Texas

Civitas to Open Two Seniors Housing Communities in Greater Austin

by Taylor Williams September 25, 2018

AUSTIN, TEXAS — Fort Worth-based Civitas Senior Living plans to open Double Creek Assisted Living and Memory Care in Round Rock and Tech Ridge Oaks Assisted Living and Memory Care in North Austin. These two communities, which offer 92 and 86 units, respectively, are the result of a partnership between Civitas Senior Living and Senior by Design. Civitas acquired the properties in July. Each community offers dining options, a beauty salon, theater, therapy gym, landscaped courtyards and daily activities to promote engagement and encourage social interaction. Civitas plans to open Double Creek on Oct. 25 and Tech Ridge Oaks on Nov. 8.

September 25, 2018

Acquisitions Industrial Texas

ML Realty Partners Acquires 81,435 SF Industrial Building in Carrollton, Texas

by Taylor Williams September 25, 2018

CARROLLTON, TEXAS — ML Realty Partners has acquired an 81,435-square-foot industrial building located at 2908 Commodore Drive in Carrollton, a northern suburb of Dallas. The Class A building offers convenient access to Interstate 35 and State Highway 121. Michelle Hudson and Tom Hudson of Hudson Peters Commercial represented the undisclosed seller in the transaction and will handle leasing of the building for ML Realty Partners.

September 25, 2018

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 136,825 SF Industrial Lease in Metro Dallas

by Taylor Williams September 25, 2018

GARLAND, TEXAS — Lee & Associates has negotiated a 136,825-square-foot industrial lease at 2901 W. Kingsley Road in Garland, a northeastern suburb of Dallas. Nathan Denton of Lee & Associates represented the tenant Alliance Glazing, which does finish-outs of storefronts and façades, in the lease negotiations. Chris Stout and Randy Touchstone of JLL represented the landlord, Boston-based STAG Industrial. The tenant will relocate from its current space in Irving on November 1.

September 25, 2018

Acquisitions Industrial Texas

Riverfront Properties Sells 40,353 SF Industrial Asset in Greater Dallas

by Taylor Williams September 25, 2018

CARROLLTON, TEXAS — Riverfront Properties LP has sold a 40,353-square-foot industrial asset located at 1325 Capital Parkway in Carrollton, located on the northern outskirts of Dallas. According to LoopNet Inc., the property was built in 1982 and includes a portion of office space. Brian Pafford of Bradford Commercial Real Estate Services represented Riverfront in the sale. Huntly Luna of NAI Robert Lynn represented the buyer, Roane Property Holdings LLC.

September 25, 2018

Development Industrial Texas Top Stories

Coca-Cola Bottler to Break Ground on $250M Plant in Houston

by John Nelson September 25, 2018

HOUSTON — Coca-Cola Southwest Beverages (CCSWB), a Dallas-based subsidiary of Mexican Coca-Cola bottler Arca Continental, is breaking ground today on its new $250 million production and distribution facility in Houston. The new facility will be the first new Coca-Cola plant built in the United States in a decade. Situated within Pinto Business Park, the 1 million-square-foot facility will include manufacturing with five new production lines, distribution, warehouse and sales. Pinto Business Park is a Hines-owned campus spanning 971 acres in northwest Houston. “Coca-Cola has been a part of the greater Houston community for more than 100 years,” says Mark Schortman, president and CEO of CCSWB. “Since opening our first facility in 1902, consumer dynamics have changed and the population in the Houston metro area has increased tremendously. We need to expand and grow our production facility to invest in the future and provide our wide variety of beverages.” In May, after a little over a year of becoming the first Latin American bottler to operate within the U.S. Coca-Cola network, Arca Continental announced the new facility, which is one of the largest current capital investments in Texas by a Mexican company. “The projected investment for this facility reflects our long-term …

September 25, 2018

Millennium-Student-Apartments-Norman-Oklahoma

Acquisitions Multifamily Student Housing Texas

Student Quarters Acquires 698-Bed Student Housing Community Near the University of Oklahoma

by Taylor Williams September 24, 2018

NORMAN, OKLA. — Student Quarters has acquired Millennium Student Apartments, a 698-bed student housing community located near the University of Oklahoma in Norman. The property offers studio, two-, four- and five-bedroom units with bed-to-bath parity. Each unit — which may be rented fully furnished — features a flat screen TV, keyless entry and a patio or balcony. Shared amenities include a resort-style swimming pool, sun deck, hot tub, grilling areas, a gated pet park, study lounges, a coffee bar and pool tables. SQ Caliber, a property management joint venture between Student Quarters and Caliber Living, will manage the property.

September 24, 2018

Development Healthcare Texas

Scottish Rite Nears Completion of 345,000 SF Healthcare Campus in Frisco

by Taylor Williams September 24, 2018

FRISCO, TEXAS — Scottish Rite Hospital for Children is nearing completion of its North Campus, a 345,000-square-foot healthcare campus in Frisco. The property is situated on 40 acres at the corner of Lebanon Road and the Dallas North Tollway. The center will offer ambulatory care services, physical and occupational therapy services and outdoor amenities such as walking and running trails and a playground.

September 24, 2018

Loans Multifamily Texas

Greystone Provides $14.9M in Green Financing for Three Multifamily Assets in Corpus Christi

by Taylor Williams September 24, 2018

CORPUS CHRISTI, TEXAS — Lending and advisory firm Greystone has provided $14.9 million in Fannie Mae green financing for the acquisition of a trio of multifamily assets in Corpus Christi. The properties total 295 units and feature pools and onsite laundry facilities. Gill Dolan, D.J. Elefant and Dan Gillard of Greystone originated the financing, which features a 4.92 percent interest rate and a 10-year term, on behalf of the borrower, The Boterra Group. The names of the properties and sellers were not disclosed.

September 24, 2018

Acquisitions Multifamily Seniors Housing Texas

Capital Square 1031 Acquires Newly Constructed Memory Care Facility Near Houston

by Taylor Williams September 24, 2018

SPRING, TEXAS — Capital Square 1031, a real estate investment and management firm, has acquired a newly completed, 10,000-square-foot memory care community in the northern Houston suburb of Spring. The Class A facility has 16 beds and was completed in June 2018. The property is leased for 15 years on an absolute net basis to Village Green Alzheimer’s Care Home, with a personal guarantee from the owners of the practice for the entire term of the lease. Matt Bear of Bear Real Estate Advisors represented Capital Square in the transaction.

September 24, 2018

Acquisitions Restaurant Retail Texas

SRS Brokers $3.5M Sale of Retail Property Leased to Chick-fil-A in Dallas

by Taylor Williams September 24, 2018

DALLAS — SRS Real Estate Partners has brokered the $3.5 million sale of a 4,779-square-foot retail property ground-leased to Chick-fil-A in Dallas. Ara Rostamian, Matthew Mousavi and Patrick Luther of SRS represented the seller, a Los Angeles-based private investor, in the transaction. Craig Stewart of ACRE Investment Real Estate Services represented the buyer, a California-based family trust that acquired the property via a 1031 exchange. The asset is located at 9111 Garland Road.

September 24, 2018

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