Texas

CBRE Brokers Sale of Office, Multifamily Assets Within Frisco Square

by John Nelson January 4, 2018

FRISCO, TEXAS — CBRE has brokered the sale of a large portion of Frisco Square, including three office buildings and two multifamily assets that feature ground-floor retail space. The sale also includes the Cinemark Theatre and additional land development sites. The office portion was 92 percent leased at the time of sale and the retail portion was 66 percent leased to tenants including Barre 3, Mattito’s Tex Mex and Jake’s Uptown Burgers. An affiliate of Maxus Realty Trust Inc. acquired the properties for an undisclosed price. Evan Stone, Gary Carr, John Alvarado, Eric Mackey, Robert Hill, Jared Chua, Ryan Reid, Jeremy Faltys and Nita Stewart of CBRE arranged the transaction on behalf of the seller.

January 4, 2018

TGC Development Breaks Ground on TownePlace Suites by Marriott in Fort Worth

by John Nelson January 4, 2018

FORT WORTH, TEXAS — TGC Development Group has broken ground on TownePlace Suites by Marriott Fort Worth NW Lake Worth. The four-story, 96-room hotel will be situated northwest of downtown at 2925 Royalty Lane in Fort Worth. The general contractor, Wichita, Kan.-based JACO General Contractor Inc., expects to deliver the hotel this fall. The hotel’s rooms will feature full kitchens with stainless steel appliances and granite countertops, adjustable work spaces with built-in shelves and lighting, flat-screen TVs and new bedding. Amenities will include complimentary breakfast, outdoor grills and firepit, outdoor saltwater pool, coffee service, community refrigerator and a 24-hour sundries market.

January 4, 2018

Self-Storage Texas

Bellomy & Co. Arranges Sale of 606-Unit Self-Storage Facility in San Antonio

by John Nelson January 4, 2018

SAN ANTONIO — Bellomy & Co. has secured the sale of the 606-unit Judson Self Storage facility located at 14989 Judson Road in San Antonio. Rockville, Md.-based Store It All Self Storage purchased the facility for an undisclosed price. Harry Botkin of HLB Investments in New Braunfels represented the San Antonio-based seller. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. procured the buyer. The 129,573-square-foot Judson Self Storage was 72 percent occupied at the time of sale.

January 4, 2018

Loans Multifamily Texas

BMC Capital Secures $4.7M Acquisition Loan for Multifamily Community in Oklahoma City

by John Nelson January 4, 2018

OKLAHOMA CITY — BMC Capital has arranged a $4.7 million acquisition loan for a 148-unit multifamily community in Oklahoma City. Clayton Wells of BMC Capital’s Dallas office arranged the 10-year, nonrecourse loan with a fixed 4.17 percent interest rate and a 30-year amortization schedule. The loan was arranged through one of BMC Capital’s undisclosed agency relationships.

January 4, 2018

Retail Texas

Woodmont Arranges 105,851 SF in Leases at Shopping Center in Killeen, Texas

by John Nelson January 4, 2018

KILLEEN, TEXAS — The Woodmont Co. has closed four leases totaling 105,851 square feet at Wendland Plaza, a 205,224-square-foot shopping center located at 901 S. Fort Hood St. in Killeen. The four transactions bring the center to 85 percent occupancy. Conn’s Home Plus will lease 45,000 square feet, Altitude Trampoline Park will lease 44,580 square feet, Dollar Tree will lease 10,500 square feet and Lumber Liquidators will lease 5,771 square feet. Grant Gary and Dan Rebensdorf of The Woodmont Co. represented the landlord, Killeen ATM LLC.

January 4, 2018

Multifamily Texas

JPI Breaks Ground on 364-Unit Apartment Community in Garland

by John Nelson January 3, 2018

GARLAND, TEXAS — JPI has begun construction on Jefferson Woodlands, a 364-unit apartment community located off President George Bush Turnpike in Garland, about 18 miles northeast of Dallas. The project’s units will range in size from 600 to 1,600 square feet and feature 10-foot ceilings, private patios and balconies and townhouse-style residences, as well as a competitive amenities package including fitness and yoga facilities. Jefferson Woodlands will be situated adjacent to the 33-acre Spring Creek Forest Preserve and near the CityLine and Telecom Corridor business parks. Also nearby is Firewheel Town Center, Simon’s 1 million-square-foot, open-air shopping development.

January 3, 2018

Hospitality Texas

Hilton Opens New Embassy Suites Hotel Near Houston

by John Nelson January 3, 2018

KATY, TEXAS — Hilton has opened Embassy Suites by Hilton Houston West-Katy, with all 208 rooms serving as two-bedroom suites. The hotel is owned by Mac Haik Hospitality and managed by Aimbridge Hospitality. Located at 16435 Katy Freeway near the west side of Houston’s Energy Corridor, the hotel’s amenities include the 350-person Texas Ballroom, a business center, indoor pool and whirlpool spa, full-service lobby bar, complimentary parking and Wi-Fi, 24-hour fitness center and access to George Bush Park hiking trails located behind the hotel.

January 3, 2018

Healthcare Texas

Adolfson & Peterson Completes Medical Office Building in Southlake

by John Nelson January 3, 2018

SOUTHLAKE, TEXAS — Adolfson & Peterson Construction (AP) has completed a new medical office building at the corner of Tower and Southlake boulevards in Southlake for United Surgical Partners Inc. (USPI). Designed by E4H Architects, the two-story medical office building spans 46,000 square feet. The healthcare facility is the fifth project that AP has contracted with USPI and its ninth project with E4H. USPI is an ambulatory healthcare provider serving more than 2.5 million patients each year and partnering with over 50 not-for-profit health systems nationwide. The Addison, Texas-based company currently operates more than 260 ambulatory surgery facilities, 92 urgent care centers and 23 imaging centers.

January 3, 2018

Multifamily Texas

Berkadia Brokers Sale of New 248-Unit Multifamily Community in San Antonio

by John Nelson January 3, 2018

SAN ANTONIO — Berkadia has arranged the sale of Chroma, a newly built, 248-unit multifamily community located at 5039 Hamilton Wolfe Road in northwest San Antonio. Built in 2016, Chroma features one- and two-bedroom units with hardwood style flooring, island kitchens, private patios, granite countertops, nine-foot ceilings and washers and dryers. Community amenities include a game room, business center, fitness center with spin room, resort-style pool, dog park, coffee bar, attached and detached garages and outdoor living areas. Rents range from $1,020 to $2,150 per month, according to Apartments.com. Ryan Epstein, Will Caruth, Mike Miller, Chris Ross and Cody Courtney of Berkadia represented the seller, Columbus, Ga.-based Flournoy Development Co., in the transaction.

January 3, 2018

Office Retail Texas

Gaedeke Group Inks Four Office, Retail Leases in Uptown Dallas

by John Nelson January 3, 2018

DALLAS — Gaedeke Group has signed four tenants to leases at three of its office towers in Uptown Dallas. The transactions include Bain & Co. expanding its footprint at 17Seventeen McKinney by 15,122 square feet; Native International Realty leasing 7,000 square feet of office space and Sallio Itallio leasing 5,216 square feet of dining space at One McKinney Plaza; and Priority Management Services leasing 6,780 square feet of office space at Regency Plaza. Elliott Prieur and Allison Johnston represented Gaedeke internally in all four transactions. The tenant representation in all four deals include Charlie Morris of Avison Young representing Bain & Co., Duke Biggers of Swearingen Realty Group representing Native International, Kimberly Rote of Allie Beth Allman & Associates representing Priority Management and John Evans and Emilie Gioia of John T. Evans Co. representing Sallio Itallio. Dallas-based Gaedeke Group’s portfolio spans 3.4 million square feet of Class A office buildings in Arizona, Florida, Tennessee, Texas and Washington, D.C.

January 3, 2018

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