Texas

Allied Orion Begins Leasing 281-Unit Apartment Community in Houston

by Taylor Williams October 31, 2017

HOUSTON — Allied Orion Group has begun leasing The Beacon at Buffalo Pointe, a 281-unit multifamily community located at 10301 Buffalo Speedway in Houston. The property offers convenient access to the Texas Medical Center and NRG Stadium, as well as the Galleria and downtown areas. Floor plans include one-, two- and three-bedroom units and amenities include a pool with cabanas, grilling stations, a fitness center, pet park and a cybercafé. Houston-based Steinberg Design Collaborative Architects designed the project.

October 31, 2017

NAI Partners Arranges Sale of 13,230 SF Warehouse in West Houston

by Taylor Williams October 31, 2017

HOUSTON — NAI Partners has arranged the sale of a 13,230-square-foot warehouse located at 11811 Tanner Road in west Houston. John Ferruzzo and Nick Peterson of NAI Partners represented the seller, Herman Allen Stewart, in the transaction. Mark Lehman and Nathan Rodriguez of Centermark Real Estate represented the buyer, Indiana-based BRADY Investments LLC. Other terms of sale were not released.

October 31, 2017

Industrial Texas

Cabot, Stream Break Ground on 646,796 SF Industrial Asset at DFW Airport

by Taylor Williams October 30, 2017

DALLAS — Cabot Properties Inc. and Stream Realty Partners have broken ground on International Logistics Center, a 646,796-square-foot industrial property situated on 40 acres on the south side of the Dallas-Fort Worth (DFW) International Airport. The development includes three buildings that can accommodate tenant sizes of 20,000 to 320,000 square feet. Peinado Construction is serving as general contractor for the project, which was designed by GSR Andrade Architects.

October 30, 2017

Retail Texas

HPI Brokers Sale of 15,692 SF Retail Center in Metro Houston

by Taylor Williams October 30, 2017

RICHMOND, TEXAS — Hunington Properties Inc. (HPI) has brokered the sale of Long Meadow Plaza Shopping Center, a 15,692-square-foot retail center located at 7909 W. Grand Parkway S. in the Houston metro of Richmond. Tenants include Wendy’s, Mattress One, Today’s Vision and Little Caesars, all of which are subject to seven-year, triple-net leases. Rafael Melara of Hunington represented the seller in the transaction. Other terms of sale were not disclosed.

October 30, 2017

Loans Multifamily Texas

Dougherty Arranges $5.3M Acquisition Loan for Apartment Community in Dallas

by Taylor Williams October 30, 2017

DALLAS — Dougherty Mortgage LLC has arranged a $5.3 million loan for the acquisition of Woodside Lane Apartments, a 107-unit multifamily community located at 9302 Forest Lane in Dallas. The 12-year Fannie Mae loan features a 30-year amortization schedule and was arranged through a partnership with Old Capital Lending on behalf of the borrower, TFG Woodside LLC.

October 30, 2017

Retail Texas

Woodmont Co. Closes Sale of 24,000 SF Retail Building in Odessa

by Taylor Williams October 30, 2017

ODESSA, TEXAS — The Woodmont Co., a Fort Worth-based brokerage and development firm, has closed the sale of a 24,000-square-foot, freestanding retail building located at 5161 E. 42nd St. in the west Texas city of Odessa. Gal Avneri of The Woodmont Co. represented the seller, RW Odessa Holdings LP, in the transaction. Joseph Williams of The Woodmont Co. represented the buyer, Altitude Trampoline Park. The building was formerly occupied by Staples.

October 30, 2017

Office Texas

JLL Negotiates 6,760 SF Office Lease in Dallas

by Taylor Williams October 30, 2017

DALLAS — JLL has negotiated a 6,760-square-foot office lease at 1800 Landmark Blvd. in Dallas on behalf of DerbySoft Inc., a provider of software for the hospitality industry. Steve Thelen of JLL represented the tenant in the lease negotiations. Tabitha Layne of Sunwest Real Estate Group represented the landlord, 14800 Landmark LLC. The space will serve as the company’s new North American office, which was previously located in Frisco.

October 30, 2017

Multifamily Texas

Allied Orion Nears Completion of 242-Unit Apartment Community in Houston

by Taylor Williams October 27, 2017

HOUSTON — Allied Orion Group is nearing completion of Eighteen25, a 242-unit apartment community located in downtown Houston. The property will offer studio, one- and two-bedroom units ranging in size from 525 to 1,751 square feet. Amenities will include a rooftop pool, fitness center, clubroom, valet trash services and a dog park. Meeks + Partners designed the property.

October 27, 2017

Multifamily Texas

JLL Negotiates Sale of 138-Unit Apartment Community in Metro Fort Worth

by Taylor Williams October 27, 2017

NORTH RICHLAND HILLS, TEXAS — JLL has negotiated the sale of Diamond Loch, a 138-unit multifamily community located in the Fort Worth suburb of North Richland Hills. Scott LaMontagne, Zar Haro, Moses Siller and David Fersing of JLL represented the seller, 6100 Glenview Drive LLC, in the transaction. California Capital Real Estate Advisors Inc. purchased the asset for an undisclosed price.

October 27, 2017

Retail Texas

J. Beard Closes Sale of 94,893 SF Shopping Center in Montgomery, Texas

by Taylor Williams October 27, 2017

MONTGOMERY, TEXAS — The J. Beard Real Estate Co. has brokered the sale of Montgomery Trace, a 94,893-square-foot shopping center situated on 14 acres at 20821 Eva St. in Montgomery, about an hour northeast of Houston. Anchored by a 31,760-square-foot Brookshire grocery store, the property was 92 percent leased at the time of sale. Jeff Tinsley of The J. Beard Co. represented the seller, Montgomery Trace Shopping Center DST, in the transaction.

October 27, 2017

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