Texas

DALLAS — High Street Residential, a subsidiary of Trammell Crow Co., has topped off Residences at Park District, a 34-story, 228-unit luxury apartment tower located near Klyde Warren Park in Dallas. The property will feature one-, two- and three-bedroom units ranging in size from 782 to 3,234 square feet, as well as 13,396 square feet of retail space. Amenities will include a fitness center with showers and a yoga room, business center, valet services, a pool with cabanas, a dog park and a spa. Preleasing is scheduled to begin during the first quarter of 2018.  

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DALLAS — Presidium Group LLC has acquired Serendipity Apartments, a 343-unit, Class B multifamily asset located at 8780 Park Lane in Dallas. Built in 1975, the property offers a mix of one- and two-bedroom units averaging 610 square feet per unit. Amenities include a pool and a fitness center. The seller and sales price were not disclosed.

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DALLAS — Stream Realty Partners has negotiated an office lease at Gramercy Center South, a two-building, 256,000-square-foot office park located at 18451 N. Dallas Parkway in Dallas. Ryan Evanich and Matt Wieser of Stream Realty represented the landlord, ATCAP Partners, in the lease negotiations. The new tenant, Advanced Infusion Solutions, a provider of comprehensive pharmacy services, will occupy 53,397 square feet at the property.

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DALLAS — Hunt Mortgage Group has secured $18 million in refinancing for Magnolia Creek Apartments, a garden-style multifamily community situated on 14.4 acres at 7272 Marvin D. Love Freeway in Dallas. Built in 1988, the property consists of 28 three-story buildings totaling 436 units and offers amenities such as a lounge, fitness center, pool and playground. Hunt Mortgage arranged the seven-year Fannie Mae loan on behalf of the borrower, Delaware-based IRG MDL LLC.

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AUSTIN, TEXAS — Main Street Hub, a marketing firm that targets local businesses, will open a new, 114,000-square-foot headquarters at 2010 E. Sixth St. in downtown Austin. The company will relocate employees from its two existing Austin offices, as well as those in its New York City office, to the new office space starting in 2019. The four-story property will offer amenities such as a rooftop patio, bicycle storage, on-site showers and dedicated parking for food trucks.

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CLEVELAND — KeyBank Real Estate Capital has arranged a $74.6 million loan for the refinancing of a portfolio of seniors housing properties located in various markets throughout Texas. The portfolio consists of six skilled nursing facilities totaling 806 beds. John Randolph, Grant Saunders and Peter Trazzera of KeyBank arranged the financing through the FHA’s 232/223(f) mortgage insurance program. The borrower was a joint venture between Capital Senior Ventures, a subsidiary of Baltimore-based Capital Funding Group, and New York-based Blue Mountain Capital Management.

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CEDAR PARK, TEXAS — LA Fitness will open a 34,000-square-foot gym at Cedar Park Plaza, a retail development located at the corner of Whitestone Boulevard and Bagdad Road in the Austin metro of Cedar Park. Scheduled to open by November 2018, the Cedar Park location will be the company’s sixth gym in the Austin area. John Zikos and Jonathan Cooper of Venture Commercial, along with John Kalamaras and Ted Slaughter of RealSource Partners, represented LA Fitness in the lease negotiations. The landlord, Cedar Park Plaza LP, was self-represented.

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FORT WORTH, TEXAS — CBRE has negotiated the sale of nine acres of land located at the corner of Interstate 30 and Westmoreland Road in Fort Worth. The tract will serve as the future site of a new QuikTrip location. The Tulsa, Okla.-based gas and convenience store chain purchased the land from Dallas County Hospital System for an undisclosed price. David Glasscock of CBRE represented the seller in the transaction.

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HOUSTON — NAI Partners has secured a 14,165-square-foot industrial lease renewal at 6100 West by Northwest in Houston Blvd. on behalf of Craters & Freighters, a Colorado-based shipping firm. Chris Caudill of NAI Partners represented the tenant in the lease negotiations. Harry Kutner and Blake Warren of Stream Realty Partners represented the landlord, Agellan Commercial REIT US LP.

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DALLAS — The Statler Hotel, an iconic hotel located in downtown Dallas, has reopened as part of the Curio Collection by Hilton following a $255 million redevelopment. The 19-story hotel originally opened in 1956 as one of Conrad Hilton’s first convention properties. Owned and redeveloped by Centurion American Development Group, the hotel offers 219 luxury residences, 159 guest rooms, restaurants and retail. Amenities at The Statler include a rooftop pool; 33,000 square feet of meeting and event space, including entertainment suites, an outdoor garden court, 10 meeting rooms and a 13,154-square-foot grand ballroom; and a fitness center including bowling and games. Restaurants and bars on the property slated to open later this year include Overeasy, an upscale diner; Bourbon & Banter, an underground cocktail lounge; Fine China, a full-service Asian restaurant and cocktail bar; Waterproof, a poolside roof deck bar and lounge; and Scout, a 12,000-square-foot social space serving American food. Dallas-based Aimbridge Hospitality manages The Statler, which Merriman Anderson/Architects designed. Local chef Graham Dodds leads all five of the property’s restaurants. Curio Collection by Hilton launched in 2014, and is a global portfolio of more than 40 upscale hotels and resorts. Hilton’s (NYSE: HLT) stock price closed on Monday, …

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