AUSTIN, TEXAS — Illinois-based design/build firm ARCO/Murray has completed a 10,000-square-foot entertainment facility in Austin for table-tennis club operator SPiN Global. The retail property, which was previously occupied by Antone’s Nightclub, features 11 ping pong tables and can hold more than 500 people. ARCO/Murray has now built facilities for SPiN Global in several major cities, including Chicago, New York, Seattle, Philadelphia and San Francisco.
HOUSTON — HFF has arranged the sale of a 6,880-square-foot retail strip center located at 4902-4930 Washington Ave. in the Washington Memorial Heights area of Houston. Completed in 1999, the property was fully leased at the time of sale to tenants such as FedEx Kinko’s, Subway and Bell Cleaners. Ryan West, John Indelli and Charlie Strauss of HFF represented the seller, Orr Commercial, a development and brokerage firm founded by former NHL player Bobby Orr. A private investor purchased the asset for an undisclosed price.
FLOWER MOUND, TEXAS — Duke Realty Corp. has broken ground on a 635,000-square-foot distribution center in Flower Mound, a northern suburb of Fort Worth. The building, which is slated for a May 2019 delivery, will feature a cross-dock configuration and 36-foot clear heights. Approximately 450,000 square feet, or 71 percent of the space, has been preleased to PPG Industries Inc., a Pittsburgh-based supplier of architectural paints and coatings.
LEWISVILLE, TEXAS — Transcontinental Realty Investors Inc. and its subsidiary, Adobe Properties, have broken ground on Tower Bay Lofts, a 308-unit midrise multifamily community in Lewisville, a northern suburb of Dallas. The four-story property will feature amenities such as multiple pools, a fitness center, bocce court, storage units, bike rental service, coffee bar and a resident lounge with a bar. Units will range in size from 575 square feet to 1,604 square feet. A timeline for completion has not yet been established.
HOUSTON — The Jenkins Organization is underway on development of EaDo Storage, an 830-unit self-storage facility that will be located in downtown Houston. The Class A facility will consist of 108,000 square feet and offer both climate- and non-climate-controlled units. Additional features will include gated entry, electronic security monitoring throughout and space for a live-in, on-site manager. Construction began this year and completion is slated for later in the summer.
GARLAND, TEXAS — Bellomy & Co. has arranged the sale of Storage House of Texas, a 480-unit self-storage facility located in the Dallas metro of Garland. The Class A facility is situated on 3.9 acres and consists of 55,000 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Rockwall, Texas-based seller in the transaction. The duo also procured the buyer, Pinnacle Storage Properties. The property will be rebranded as Storage Plus of Garland.
ROYSE CITY, TEXAS — Bellwether Enterprise Real Estate Capital LLC has provided a $19.6 million loan to complete the acquisition and construction of Cypress Creek Apartment Homes at Parker Boulevard, a 220-unit affordable housing community in Royse City, about 35 miles northeast of Dallas. The property features one-, two-, three- and four-bedroom units and amenities such as a pool, outdoor grilling area, fitness center, computer center and a resident clubhouse. Kevin Bowen and Bob Morton of Bellwether secured the 40-year, non-recourse loan through the U.S. Department. of Agriculture (USDA).
HUMBLE AND SUGAR LAND, TEXAS — Florida-based investment firm Advenir Inc. has refinanced two apartment properties totaling 546 units in the Houston area. The properties include the 258-unit Advenir at Eagle Creek in the northern metro of Humble and the 288-unit Advenir at Woodbridge Reserve in the southwestern metro of Sugar Land. Eric Tupler, Josh Simon and Cortney Cole of HFF secured seven-year, fixed-rate loans with an average interest rate of 4.27 percent for the properties through Freddie Mac.
SAN ANTONIO — ARA Newmark has brokered the sale of Ridgeline at Rogers Ranch, a newly built, 299-unit multifamily community located in northwest San Antonio. The property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center and a resident clubhouse. Pat Jones of ARA Newmark represented the seller, San Antonio-based Embrey Partners, in the transaction. Atlanta-based multifamily investment firm Benimax purchased the property for an undisclosed price.
SAN ANTONIO — Dallas-based Westmount Realty Capital LLC has acquired Three Fountains, a 272-unit multifamily community located in the Westover Hills area of San Antonio. Built in 1998, the property consists of 120 one-bedroom units, 120 two-bedroom units and 32 three-bedroom units. Westmount will rebrand the property as Westmount at Three Fountains. The company will also invest in capital improvements to the property’s lighting and plumbing systems, unit interiors and communal amenities, which include a pool, fitness center, on-site laundry facilities and a business center.