Texas

NewQuest Brokers Sale of 426-Unit Apartment Community in Houston

by Taylor Williams March 26, 2018

HOUSTON — NewQuest Properties has brokered the sale of Chateaux Dijon Apartments, a 426-unit multifamily community located at 5331 Beverly Hill St. in Houston’s Galleria neighborhood. The property consists of one-, two- and three-bedroom units ranging from 510 to 1,380 square feet. Amenities include several pools, a fitness center, coffee bar, dog park, conference room and a business center. Glenn Dickerson of NewQuest Properties represented the seller, FHB Beverly Hill LP, and procured the buyer, Florida-based investment firm Avesta Communities LLC. The property was developed in the 1960s and renovated in 2016.

March 26, 2018

Acquisitions Multifamily Texas

NAPA Ventures Sells 144-Unit Multifamily Community in Arlington

by Taylor Williams March 26, 2018

ARLINGTON, TEXAS — NAPA Ventures has sold Parkside Townhomes, a multifamily community in Arlington that features 144 rentable townhome units. The property, which is located within three miles of AT&T Stadium and Globe Life Park, offers two- and three-bedroom units and a pool. Prior to the sale, NAPA invested in capital improvements to the property’s landscaping, parking lots and exterior lighting, as well as the cabinets, countertops and floors of the units. The buyer was not disclosed.

March 26, 2018

Acquisitions Industrial Texas

Stream Realty Arranges Sale of 54,000 SF Industrial Building in Metro Dallas

by Taylor Williams March 26, 2018

GARLAND, TEXAS — Stream Realty Partners has arranged the sale of a 54,000-square-foot industrial building located at 2601 W. Kingsley Road in the Dallas metro of Garland. Kingsley Industrial LLC sold the property to Snell Motor Co. Inc. for an undisclosed price. Matt Dornak and Ryan Wolcott of Stream Realty Partners brokered the sale.

March 26, 2018

Leasing Activity Office Texas

NAI Partners Negotiates 12,000 SF Office Lease in Metro Houston

by Taylor Williams March 26, 2018

KINGWOOD, TEXAS — NAI Partners has negotiated an office lease at One Kingwood Place, a 200,000-square-foot office campus located in the northern Houston suburb of Kingwood. Oil and gas firm Valence Operating Co will occupy 12,000 square feet at the campus. Jacob Aldridge, Zach Leger and Rani Jones of NAI Partners represented the landlord in the lease negotiations. Kyle Whitney and Victor Valenzuela of Transwestern represented Valence Operating Co.

March 26, 2018

La-Moderna-Production-Facility-Cleburne-Texas

Development Industrial Texas

Mexican Pasta Maker Opens $50M Production Facility in Cleburne, Texas

by Taylor Williams March 23, 2018

CLEBURNE, TEXAS — La Moderna, Mexico’s largest pasta manufacturer, has opened a $50 million production facility in Cleburne, roughly 30 miles south of Fort Worth. The 150,000-square-foot property, which took three years to build, is situated on 16.5 acres and will serve as the company’s U.S. headquarters. Specific features include office space with conference rooms and elevated workstations, as well as food safety and production analysis labs. The rail-served facility is capable of producing nearly 4,000 tons of pasta per month and will ultimately account for the creation of 400 direct and indirect new jobs in Cleburne.

March 23, 2018

Development Multifamily Texas

Arch-Con Underway on 251-Unit Apartment Community in Northeast Houston

by Taylor Williams March 23, 2018

HOUSTON — Arch-Con, a general contractor with offices in Dallas and Houston, is underway on construction of a 251-unit multifamily community within Redemption Square, a 52-acre mixed-use district in northeast Houston. Designed by Steinberg Dickey Collaborative LLP and Looney Ricks Kiss, the project will feature 17,000 square feet of retail space. Amenities will include a 75-foot pool, fitness center, a dog park, business center and multiple outdoor grilling areas. McCord Development is developing the property, which is expected to be complete by the end of 2019.

March 23, 2018

Acquisitions Industrial Self-Storage Texas

Skyview Brokers Sale of 763-Unit Self-Storage Facility in San Antonio

by Taylor Williams March 23, 2018

SAN ANTONIO — Skyview Advisors, a Tampa-based brokerage firm specializing in self-storage, has brokered the sale of a 763-unit Extra Space Storage facility in San Antonio. Approximately 97 percent of the units at the Class A facility are climate-controlled. The property sold during lease-up at 50 percent physical occupancy, according to Ryan Clark of Skyview, who represented the seller in the transaction. California-based FollettUSA purchased the property for an undisclosed price.

March 23, 2018

Acquisitions Multifamily Texas

Greysteel Negotiates Sale of Two Multifamily Properties in Dallas

by Taylor Williams March 23, 2018

DALLAS — Greysteel has negotiated the sale of The Bailiwick and Tree Top, two multifamily properties totaling 96 units in the Oak Lawn area of Dallas. The Bailiwick was built in 1972, totals 59 units and features a pool and laundry services. Tree Top was built in 1966 and features 37 units. Doug Banerjee, Boyan Radic, Andrew Mueller and Andrew Hanson of Greysteel arranged the sale, other terms of which were not disclosed.

March 23, 2018

Acquisitions Industrial Texas

Moody Rambin Arranges Sale of 19,200 SF Warehouse in Houston

by Taylor Williams March 23, 2018

HOUSTON — Moody Rambin has arranged the sale of a 19,200-square-foot warehouse situated on 1.4 acres at 3511 Jensen Drive on Houston’s north side. Zachary Taylor and Doyle Toups of Moody Rambin represented the buyer in the transaction. The seller and sales price were not disclosed.

March 23, 2018

Acquisitions Healthcare Oklahoma Texas Top Stories

OU Medicine Acquires HCA’s Interests in Oklahoma City Medical System for $1.1B

by Kristin Harlow March 23, 2018

OKLAHOMA CITY — OU Medicine Inc. has acquired interests in OU Medical System (OUMS), a series of hospitals and medical facilities in and around Oklahoma City. The buyer received nearly $1.1 billion in financing for the transaction. The seller was HCA Healthcare, which sold its full interest in the system. OU Medicine is an affiliate of University Hospitals Authority and Trust (UHAT). HCA Healthcare is a joint operating company operated by HCA and UHAT. OU Medicine, a newly formed 501(c)(3) corporation, completed the acquisition with a $900 million bridge financing and $175 million subordinated debt issuance. Proceeds from the combined nearly $1.1 billion financing were also used to provide liquidity on OU Medicine’s balance sheet, fund a portion of a bed tower expansion and redeem $42.4 million of outstanding UHAT bonds. The bridge financing included $673.4 million of tax-exempt direct purchase senior bonds and a $232.5 million taxable senior loan. UHAT retained Cain Brothers as its exclusive M&A advisor to negotiate the termination of the existing joint operating agreement with HCA. Cain Brothers also acted as financial advisor to assist in sourcing and structuring the bridge financing. OU Medicine was formed to own and operate OUMS, a health system of three …

March 23, 2018

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