Texas

Endeavor Sells 214,300 SF Office Campus in Southwest Austin

by Taylor Williams February 1, 2018

AUSTIN, TEXAS — Endeavor Real Estate Group has sold Rollingwood Center I and II, a two-building office asset totaling 214,300 square feet in southwest Austin. The Class A complex was built in 2015 and was 100 percent leased at the time of sale to tenants such as Kinnser Software Inc., Marsh & McLennan Agency LLC and Heritage Title Co. of Austin. HFF represented Endeavor, which developed the property, in the sale and arranged a fixed-rate acquisition loan through Lincoln Financial Group. Lionstone Investments purchased the property.

February 1, 2018

Colliers Brokers Sale of 161,170 SF Office Building in Northwest Dallas

by Taylor Williams February 1, 2018

DALLAS — Colliers International has brokered the sale of Northpointe Centre, a 161,170-square-foot office building located at 12005 Ford Road in northwest Dallas. John Bowles, Bruce Butler and Susan Gwin Burks of Colliers represented the seller, Northpointe LP, in the transaction. A partnership between CIG Legacy LLC and Symphony Northpointe LLC purchased the building for an undisclosed price.

February 1, 2018

Mixed-Use Texas

LDG to Develop $29M Mixed-Use Project in Balch Springs, Texas

by Taylor Williams January 31, 2018

BALCH SPRINGS, TEXAS — Louisville-based LDG Development LLC will develop Villages at Ambassador Way, a $29 million mixed-use project that will be located at the corner of Ambassador Way and Gaiter Drive in Balch Springs, an eastern suburb of Dallas. Upon completion of construction, the first phase of which is scheduled to begin within the next month, the project will offer 221 multifamily units and 24,000 square feet of retail space. Residential amenities will include a pool, outdoor grilling area, theater room, fitness center, computer lab, playground and walking trails.

January 31, 2018

Retail Texas

Dave & Buster’s to Open 40,000 SF Venue in Metro Houston

by Taylor Williams January 31, 2018

SHENANDOAH, TEXAS — Dave & Buster’s (NASDAQ: PLAY) will open a 40,000-square-foot location within MetroPark Square, a 175,00-square-foot retail and entertainment destination in Shenandoah, about 30 miles north of Houston. The Dallas-based games and entertainment retailer will join AMC Theatres as one of the anchor tenants at the development, the second phase of which is under construction. This phase will deliver 150,000 square feet of retail and restaurant space, two hotels and 300 multifamily units. The developer, Dallas-based Sam Moon Group, expects to complete this phase by February 2019.

January 31, 2018

Multifamily Texas

Praedium Group Acquires 291-Unit Apartment Community in Metro DFW

by Taylor Williams January 31, 2018

GRAPEVINE, TEXAS — The Praedium Group, a New York-based investment firm, has acquired Terrawood, a 291-unit multifamily community in the Dallas-Fort Worth (DFW) metro of Grapevine. Built in 2010, the property offers a mix of one-, two- and three-bedroom units ranging in size from 701 to 1,455 square feet. Amenities include a fitness center, dog park, saltwater pool and an outdoor kitchen area. The seller and sales price were not disclosed.

January 31, 2018

Office Texas

RED Development Tops Out 22-Story Office Tower in Dallas

by Taylor Williams January 31, 2018

DALLAS — RED Development has topped out the 22-story office tower located within The Union Dallas, an 800,000-square-foot mixed-use development near downtown Dallas. Committed tenants at the tower include international law firm Akin Gump, accounting firm Weaver and multifamily development firm Streetlights Residential and have already signed leases at the property. The Union Dallas, which will also include a 31-story apartment tower and a 60,000-square-foot Tom Thumb grocery store, is now more than 50 percent preleased.

January 31, 2018

Loans Multifamily Texas

NXT Capital Secures $24.5M Acquisition Loan for Apartment Community in San Antonio

by Taylor Williams January 31, 2018

SAN ANTONIO — Chicago-based NXT Capital has secured a $24.5 million loan for the acquisition of a 224-unit multifamily community located in the Alamo Heights neighborhood of San Antonio. The Class B property offers convenient access to the San Antonio International Airport, as well as amenities including a pool, fitness center and business center. Luke Donahue of NorthMarq placed the loan with NXT Capital on behalf of Jevan Capital, a Phoenix-based multifamily investment firm.

January 31, 2018

Retail Texas

Ainbinder Signs Four Tenants to Anchor 180,000 SF Retail Center in Dallas

by Taylor Williams January 30, 2018

DALLAS — The Ainbinder Co., the developer of High Point Crossing retail center in northeast Dallas, has signed four anchor tenants to the 180,000-square-foot development. Academy Sports + Outdoors, Marshalls, Burlington and Five Below will serve as anchor tenants at the property, which is under construction and expected to open in the fall. Jeff Kittleson, Robert Aycock and Andrew Aycock of CBRE represented The Ainbinder Co. in the lease negotiations.

January 30, 2018

Texas

Adolfson & Peterson Tops Out 105,801 SF Engineering Building on UTPB Campus in Midland

by Taylor Williams January 30, 2018

MIDLAND, TEXAS — Adolfson & Peterson Construction has topped out the new, 105,801-square-foot engineering building located on the University of Texas of the Permian Basin’s (UTPB) campus in Midland. Designed by Stantec Architects, the three-story building will contain classrooms, lecture halls, faculty offices, student collaboration spaces and labs for a variety of engineering activities. The project will also deliver a new parking lot. Overall completion is slated for April 2019.

January 30, 2018

Multifamily Texas

JLL Arranges Sale of 77-Unit Apartment Community in San Antonio

by Taylor Williams January 30, 2018

SAN ANTONIO — JLL has arranged the sale of Hamilton Place, a 77-unit multifamily community in San Antonio. The Class B property is located at 1622 and 1650 Jackson Keller Road on the city’s north side and offers amenities such as a pool, a dog park and on-site laundry services. Moses Siller of JLL represented the seller, Vergara Properties LLC, in the sale. JMB Group, an investment and management firm with offices around the country, purchased the property.

January 30, 2018

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