Texas

PMRG, National Real Estate Advisors Refinance 383,777 SF Office Tower in Houston

by Taylor Williams April 30, 2018

HOUSTON — A partnership between PMRG and National Real Estate Advisors LLC has refinanced 3737 Buffalo Speedway, an 18-story, 383,777-square-foot office tower located in the Greenway Plaza submarket of Houston. The partnership developed the Class A building in 2016. At the time of the loan closing, 3737 Buffalo Speedway was 73 percent leased to tenants such as FKP Architects, Solvay America and HCA Gulf Coast Division. Amenities include a fitness center, conference center, structured parking and a full-service restaurant operated by chef John Besh. Wally Reid and Matthew Putterman of HFF secured the three-year, floating-rate loan, proceeds of which will be used to complete leasing and pay off existing debt.

April 30, 2018

Acquisitions Multifamily Texas

Partnership Acquires 177-Unit Apartment Community in Austin

by Taylor Williams April 30, 2018

AUSTIN, TEXAS — A partnership between two limited liability companies, 1500 RHD LLC and GV&A 4 LLC, has acquired Las Colinas Apartments, a 177-unit multifamily community in Austin. The loan features a 9.75-year term and a 30-month amortization schedule. Dougherty Mortgage arranged an undisclosed amount of acquisition financing for the transaction.

April 30, 2018

Loans Retail Texas

MCA Arranges $4.3M Construction Loan for Retail Conversion Project in Waco

by Taylor Williams April 30, 2018

WACO, TEXAS — Metropolitan Capital Advisors Ltd. (MCA) has arranged a $4.3 million construction loan for The Containery, a retail conversion project in Waco. Private developer Bill Wetterman plans to convert an existing warehouse situated on 24,750 square feet of land into a shopping destination with boutique retail and restaurant spaces. Brandon Wilhite of MCA arranged the loan through McGregor, Texas-based TFNB Bank.

April 30, 2018

Industrial Leasing Activity Texas

Stream Realty Negotiates 63,911 SF Industrial Lease in Metro Dallas

by Taylor Williams April 30, 2018

COPPELL, TEXAS — Stream Realty Partners has negotiated a 63,911-square-foot industrial lease at Park West Crossing, a 74-acre, eight-building business park located in the northern Dallas metro of Coppell. Jeremy Kelly and Ryan Boozer of Stream Realty represented the landlord, MLRP Park West Crossing F LLC. Bryan Graham of BLG Commercial RE represented the tenant, Black Horse Carriers Inc., an Illinois-based freight company.

April 30, 2018

Acquisitions Industrial Texas

CCG Valwood Buys 22,506 SF Warehouse in Metro Dallas

by Taylor Williams April 30, 2018

CARROLLTON, TEXAS — CCG Valwood, a Dallas-based investment firm, has acquired a 22,506-square-foot warehouse located at 1208 Tappan Circle in Carrollton. The property, which offers convenient access to Interstates 635 and 35 East and the George Bush Turnpike, was 60 percent leased at the time of sale. Richmond Collinsworth of Bradford Commercial represented the buyer in the transaction. Scott Gregory of Caddo Holdings represented the seller.

April 30, 2018

Acquisitions Office Texas

VCP Acquires 100,000 SF Office Building in Southwest Austin

by Taylor Williams April 27, 2018

AUSTIN, TEXAS — Valor Capital Partners (VCP) has acquired The Overlook at Rob Roy, a 100,000-square-foot, Class A office building in southwest Austin. Built in 2002, the property is located just off Bee Cave Road. This is the fifth acquisition in the Austin area for VCP, which will build an additional two-story parking structure at the property. Equitable Commercial Realty (ECR) represented the seller in the transaction. Other terms of sale were not disclosed.

April 27, 2018

Development Healthcare Texas

Everson Breaks Ground on 58,000 SF Medical Office Building in Metro Houston

by Taylor Williams April 27, 2018

SHENANDOAH, TEXAS — Everson Developments has broken ground on a 58,000-square-foot medical office building at 121 Vision Park Blvd. in Shenandoah, a northern suburb of Houston. Designed by Ziegler Cooper, the three-story, Class A property is slated for completion by year’s end. The J. Beard Real Estate Co. is handling leasing of the property and recently secured its first tenant, Gill Plastic Surgery & Dermatology.

April 27, 2018

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 55,376 SF Industrial Lease in Dallas

by Taylor Williams April 27, 2018

DALLAS — Lee & Associates has secured a 55,376-square-foot industrial lease at 2115 Exchange Drive in Arlington. Mark Graybill and Colton Rhodes of Lee & Associates represented the landlord, Global Logistic Properties, in the lease negotiations. Reed Parker of Lee & Associates represented the tenant, Blue Ribbon Delivery Inc., a transportation and logistics firm.

April 27, 2018

Industrial Leasing Activity Texas

Asia Cabinetry Leases 41,458 SF of Industrial Space in Northwest Houston

by Taylor Williams April 27, 2018

HOUSTON — JLL has negotiated a 41,458-square-foot industrial lease at 7875 Northcourt Road in northwest Houston on behalf of Asia Cabinetry, a wholesale cabinet distributor. The space will continue to serve as the company’s headquarters, although it represents an expansion from its previous space. Jeff Venghaus and Geoff Perrott of JLL represented Asia Cabinetry in the lease negotiations. Darryl Noon of Transwestern represented the landlord, CPF Alamo Crossing LLC.

April 27, 2018

Leasing Activity Office Texas

Basis Technologies Relocates Headquarters from Canada to Metro Dallas

by Taylor Williams April 27, 2018

ADDISON, TEXAS — British tech firm Basis Technologies has relocated its North American headquarters from Vancouver to Dallas, signing a 4,200-square-foot lease at 16301 Quorum Drive in the Dallas suburb of Addison. Ryan Hoopes of Colliers represented the company in its lease negotiations. Basis Technologies plans to hire 100 additional employees in the U.S. over the next five years.

April 27, 2018

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