Texas

HFF Arranges Sale of 232,950 SF Industrial Property in Northwest Houston

by Taylor Williams April 4, 2018

HOUSTON — HFF has arranged the sale of Brookhollow West Business Park, a two-building, 232,950-square-foot industrial property in northwest Houston. Built between 2007 and 2008, the Class A property features 24-foot clear heights, 40 dock-high doors, five drive-up ramps and 277 parking spaces. Roughly 21 percent of the square footage is office space. Rusty Tamlyn and Dane Petersen of HFF, along with Jon Farris and Matteson Hamilton of Stream Realty Partners, represented the seller, AIV Inc, a valve distributor for utilities firms. A subsidiary of STAG Industrial Inc., a Boston-based REIT, purchased the property for an undisclosed price.

April 4, 2018

Lake-Houston-Seniors-Housing-Atascocita-Texas

Development Multifamily Seniors Housing Texas

TNRG, MedCore Acquire 7 Acres for Seniors Housing Development Near Houston

by Taylor Williams April 4, 2018

ATASCOCITA, TEXAS — Houston-based The National Realty Group (TNRG) and Dallas-based MedCore Partners have acquired seven acres in the Houston suburb of Atascocita, with plans to build an independent living, assisted living and memory care community on the site. The project will feature 186 units located near the shores of Lake Houston. Integral Senior Living will operate the community upon completion. Design is scheduled for completion by November of this year, followed immediately by construction. The developers plan to deliver the completed community in March 2020.

April 4, 2018

Acquisitions Multifamily Texas

Vanguard Brokers Sale of 104-Unit Apartment Community in Oklahoma City

by Taylor Williams April 4, 2018

OKLAHOMA CITY — Dallas-based Vanguard Real Estate Advisors has brokered the sale of Spring Hill Apartments, a 104-unit multifamily property in Oklahoma City. Built in 1984, the pet-friendly community offers studio, one- and two-bedroom units. Jordan Cortez of Vanguard represented the seller, Chicago-based AMG Cherry Hill LLC, in the all-cash transaction. Cortez also procured the buyer, a private investor based in North Texas that acquired the property via a 1031 exchange.

April 4, 2018

The-Fountains-Apartment-Homes-San-Antonio

Acquisitions Multifamily Texas

Michaelson, Partners Acquire 101-Unit Apartment Community in San Antonio

by Taylor Williams April 4, 2018

SAN ANTONIO — Florida-based Michaelson Real Estate Group and its private equity partners have acquired The Fountains Apartment Homes, a 101-unit multifamily community in San Antonio. Built in 1973, the property is located in northwest San Antonio, near the University of Texas at San Antonio (UTSA), San Antonio International Airport and Hulu’s 60,000-square-foot viewer operations center. Amenities include a pool, picnic/grilling area and on-site laundry facilities. The seller was not disclosed.

April 4, 2018

Acquisitions Industrial Texas

Stream Negotiates Sale of 69,866 SF Warehouse in Dallas

by Taylor Williams April 4, 2018

DALLAS — Stream Realty Partners has negotiated the sale of a 69,866-square-foot warehouse located at 9225-9249 King James Drive in Dallas. The property is located on the northwest side of the city. Jason Moser of Stream Realty Partners represented the seller, 9225-9249 King James LLC. King James Properties LLC purchased the asset for an undisclosed price.

April 4, 2018

Acquisitions Multifamily Texas

Waterton Acquires 330-Unit Apartment Community in Metro Houston

by Taylor Williams April 3, 2018

CYPRESS, TEXAS — Chicago-based investment firm Waterton has acquired Carrington at Barker Cypress, a 330-unit multifamily community in Cypress, a northwestern suburb of Houston. The property offers one-, two- and three-bedroom units ranging in size from 830 to 1,567 square feet and amenities such as a pool with grilling areas, fitness center, business center and a game room. Waterton will invest in capital improvements to the interiors of the units. The seller was not disclosed.

April 3, 2018

Acquisitions Industrial Texas

HFF Arranges Sale of 270,750 SF Industrial Asset in Northwest Houston

by Taylor Williams April 3, 2018

HOUSTON — HFF has arranged the sale of Intrepid Business Park, a 270,750-square-foot industrial asset located in northwest Houston. Developed between 2014 and 2015, the Class A property is situated on 17.1 acres and offers convenient access to Beltway 8, U.S. Highway 290 and Interstate 10. Building features include 30-foot clear heights and 58 dock-high doors. Approximately 14.3 percent of the square footage is office space. Trent Agnew, Rusty Tamlyn and Dane Petersen of HFF represented the seller, Triten Real Estate Partners, in the transaction. The buyer and sales price were not disclosed.

April 3, 2018

Acquisitions Multifamily Texas

Cypressbrook Purchases 296-Unit Apartment Property in Bryan, Texas

by Taylor Williams April 3, 2018

BRYAN, TEXAS — Cypressbrook, an investment and brokerage firm based in the Houston area, has purchased Presidio, a 296-unit apartment property located in the central Texas city of Bryan. The property offers convenient access to Texas A&M University and Blinn College. Cypressbrook will upgrade the pool area to include an outdoor kitchen and add a dog park. Unit interiors will also be upgraded. The seller and sales price were not disclosed.

April 3, 2018

Loans Multifamily Texas

NXT Capital Provides $46M Loan for Refinancing of Apartment Community in Metro Houston

by Taylor Williams April 3, 2018

SPRING, TEXAS — NXT Capital, a Chicago-based lender, has provided $46 million for the refinancing of a 354-unit apartment community in Spring, a northern suburb of Houston. The property is located off Interstate 45 and features amenities such as a pool, two-level fitness center, resident lounge, outdoor grilling stations, a dog park and a car wash. Elliott Throne of HFF placed the loan with NXT Capital on behalf of the undisclosed borrower. The name of the property was also withheld.

April 3, 2018

Children's-Hospital-Health-Pavilion-Stone-Oak-San-Antonio

Development Healthcare Texas

Seavest Opens 60,000 SF Children’s Hospital in San Antonio

by Taylor Williams April 3, 2018

SAN ANTONIO — Seavest Healthcare Properties LLC has opened The Children’s Hospital of San Antonio Health Pavilion – Stone Oak, a 60,000-square-foot healthcare property in northern San Antonio. The three-story ambulatory care facility is part of the CHRISTUS Santa Rosa Health System. Services offered by the new facility include an emergency room, physicians’ offices and a diagnostic imaging services center, as well as a pediatric outpatient testing and treatment center. Trammell Crow Co. served as co-developer of the property.

April 3, 2018

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