Texas

IPA Brokers Sale of 312-Unit Apartment Community in Fort Worth

by Taylor Williams April 12, 2018

FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Hidden Lakes Apartments, a 312-unit multifamily community in Fort Worth. Built in 1996, the property features one-, two- and three-bedroom units and amenities such as a pool, game room, an outdoor spa and a fitness center. Drew Kile, Will Balthrope and Joey Tumminello of IPA represented the seller, New York-based Beachwold Residential, and procured the buyer, Texas-based CAF Capital Partners.

April 12, 2018

Acquisitions Mixed-Use Texas

Weitzman Arranges Sale of Five-Story Mixed-Use Building in Downtown Dallas

by Taylor Williams April 12, 2018

DALLAS — Weitzman has arranged the sale of a five-story mixed-use building located at 711 Elm St. in the West End area of downtown Dallas. Built in 1925 and renovated in 1990, the property comprises a four-level, 137-space parking deck and 7,200 square feet of street-level retail space. Matthew Rosenfeld, Mike Allen and Kevin Butkus of Weitzman represented the seller, a Dallas-based limited partnership, in the transaction. The buyer was a local investment group. Both parties requested anonymity.

April 12, 2018

Loans Multifamily Student Housing Texas

Alliant Credit Union Closes $8M Refinancing for Student Housing Community in San Marcos

by Taylor Williams April 12, 2018

SAN MARCOS, TEXAS — Chicago-based Alliant Credit Union has closed an $8 million loan for the cash-out refinancing of Treehouse Apartments, a 138-unit student housing community serving Texas State University in San Marcos. The property is located within a mile of campus and features amenities such as a pool, picnic area, coffee bar and on-site laundry facilities. The loan features a 25-year amortization schedule and three years of interest-only payments. The borrower was not disclosed.

April 12, 2018

Development Retail Texas

GBT Realty Completes $16M, 79,000 SF Retail Center in Metro Houston

by Taylor Williams April 11, 2018

KEMAH, TEXAS — Tennessee-based retail developer GBT Realty Corp. has completed The Shoppes of Kemah, a $16 million retail center in Kemah, about 35 miles southeast of Houston. Shadow-anchored by Walmart, the 79,000-square-foot center is 96 percent leased to tenants such as Marshalls, Ross Dress for Less, Ulta Beauty and Rack Room Shoes. Approximately 12,000 vehicles pass the site, which is situated along Deke Slayton Highway, on a daily basis.

April 11, 2018

Development Industrial Self-Storage Texas

The Jenkins Organization to Open 635-Unit Self-Storage Facility in Metro Dallas

by Taylor Williams April 11, 2018

MURPHY, TEXAS — The Jenkins Organization, a Houston-based developer and operator of self-storage facilities, will open Murphy Self Storage, a 635-unit facility in Murphy, a northeastern suburb of Dallas. The property will feature both climate- and non climate-controlled units. The grand opening is slated for Saturday, April 21. The Jenkins Organization plans to open three other facilities in the Dallas-Fort Worth (DFW) area this year.

April 11, 2018

Acquisitions Multifamily Texas

Sterling Acquires 230-Unit Apartment Community in Austin

by Taylor Williams April 11, 2018

AUSTIN, TEXAS — Sterling Real Estate Partners, a joint venture between Los Angeles-based Barker Pacific Group and Pacific Real Estate Partners (PREP), has acquired Spring Valley Apartments, a 230-unit multifamily community in Austin. The property was built in 2001 and features a fitness center, business center, basketball court, playground, swimming pool and spa. Sterling plans to upgrade the property’s landscaping, signage, clubhouse and kitchens. The seller was not disclosed.

April 11, 2018

Loans Multifamily Texas

Arbor Realty Trust Provides $20.8M Bridge Loan for Apartment Property in Clute, Texas

by Taylor Williams April 11, 2018

CLUTE, TEXAS — Arbor Realty Trust Inc., a New York-based direct lender, has provided a $20.8 million bridge loan for a 520-unit multifamily property in Clute, about 60 miles south of Houston. The property offers one- and two-bedroom units and amenities such as a fitness center, on-site laundry facilities and three swimming pools. Joseph Charneski of Arbor Realty Trust originated the loan, which features a two-year adjustable term.

April 11, 2018

Industrial Leasing Activity Texas

Stream Realty Negotiates 66,052 SF Industrial Lease in Metro Dallas

by Taylor Williams April 11, 2018

GRAPEVINE, TEXAS — Stream Realty Partners has negotiated a 66,052-square-foot industrial lease at International Airport Center, a 356,530-square-foot distribution warehouse located in the Dallas metro of Grapevine. Built in 2001, the building is situated adjacent to Dallas-Fort Worth (DFW) International Airport. Ryan Boozer of Stream Realty represented the tenant, Hanes Industries, in the lease negotiations. Steve Koldyke of CBRE represented the landlord, International Airport Center Inc.

April 11, 2018

Development Industrial Texas

Trammell Crow Breaks Ground on Phase II of 127-Acre Industrial Development in Houston

by Taylor Williams April 10, 2018

HOUSTON — Trammell Crow Co. has broken ground on Phase II of Fallbrook Pines Business Park, a 127-acre industrial development located in northwest Houston. Phase II, which is being developed on a speculative basis, will deliver two Class A buildings totaling 660,073 square feet. Designed by Powers Brown Architecture, the buildings will feature cross-dock configurations, 32-foot clear heights, 52-foot wide column spacing, ESFR sprinkler systems and extra trailer parking and outside storage space. Delivery is slated for November. Phase I of the project, which delivered roughly 709,000 square feet, was completed in October 2015 and is fully leased to seven tenants.

April 10, 2018

Acquisitions Office Texas

Taconic Capital Acquires 757,000 SF Office Campus in Dallas

by Taylor Williams April 10, 2018

DALLAS — Taconic Capital Advisors LP, an investment firm with offices in New York, London and Hong Kong, has acquired International Plaza I and II, a two-building office campus totaling 757,000 square feet in Dallas. Designed by HKS Inc., the Class A buildings were developed in 1999 and 2002, respectively, and until recently were leased to JPMorgan Chase and Fannie Mae. Both companies have relocated to Plano. Taconic will make capital upgrades to the campus, including new amenities. Other terms of sale were not released. The third building at International Plaza is under separate ownership and was not part of this transaction. Cushman & Wakefield will handle leasing and management of the property.

April 10, 2018

Newer Posts

Older Posts