Texas

Gupta Partners Acquires 276,000 SF Flex Property in Houston

by Amy Works January 17, 2017

HOUSTON — Gupta Partners has acquired Beltway 8 Industrial Park, a nine-building flex property located at 5829 W. Sam Houston Parkway North in Houston, for an undisclosed price. The 276,000-square-foot property offers flex space ranging from 2,400 to 12,000 square feet for small businesses. Jace Auto Wheel and Tire Specialists and Lumber Liquidators, as well as retailers, professional offices, healthcare providers, technology/communications firms and wholesale service companies, occupy the property. Bradley Kovach of Moody Rambin represented the buyer, while Jim Authenreith, also of Moody Rambin, represented the seller, a California-based investment group, in the deal.

January 17, 2017

Office Texas

Colliers Negotiates Sale of 49,865 SF Office Building in Houston

by Amy Works January 17, 2017

HOUSTON — Colliers International has arranged the sale of an office building located at 10555 Richmond Ave. in Houston. US Harmony LLC acquired the four-story, 49,865-square-foot building from Zenith Equity Group for an undisclosed price. At the time of sale, the multi-tenant building was fully occupied. David Carter of Colliers represented the seller in the deal.

January 17, 2017

Retail Texas

Marcus & Millichap Arranges Sale of 32,012 SF Retail Property in Arlington

by Amy Works January 17, 2017

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Courtside Plaza, a retail property located at 5920 W. Interstate 20 in Arlington. Tuesday Morning anchors the 32,012-square-foot center. At the time of sale, the property was fully leased to a mix of national, regional and local tenants. Vincent Knipp and Bill Jordan of Marcus & Millichap represented the seller, a limited liability company. The name of the buyer and the acquisition price were not released.

January 17, 2017

Industrial Office Texas

Crestone Group Renews Leases 70,531 SF of Commercial Space in Metro Dallas

by Amy Works January 17, 2017

GRAPEVINE, TEXAS — Crestone Group has decided to keep its Southwest regional commercial bakery and distribution center at Heritage Business Park in metro Dallas by leasing 70,531 square feet of commercial space at the property. The company signed a long-term lease for space at Heritage Building 6, located at 800 Industrial Blvd. in Grapevine. Michael Spain and Nick Talley of Bradford Commercial Real Estate Services represented the landlord, KTR DFW LLC, while Michael Stanzel of NAI Robert Lynn represented the tenant in the deal.

January 17, 2017

Restaurant Retail Texas

EDGE Capital Markets Brokers Sale of Restaurant Property in Houston

by Amy Works January 17, 2017

HOUSTON — EDGE Capital Markets has arranged the sale of a restaurant property located at 13740 East Freeway in Houston. Montgomery Land Co. acquired the property for an undisclosed price. Whataburger occupies the site on a long-term, triple-net corporate ground lease. Burdette Huffman and Kevin Holland of EDGE represented the undisclosed seller.

January 17, 2017

Retail Texas

EDGE Capital Markets Negotiates Sale of 11,981 SF Retail Property in Houston

by Amy Works January 16, 2017

HOUSTON — EDGE Capital Markets has arranged the sale of Briar Forest Plaza, a retail property located at 13346 Briar Forest Drive in Houston. At the time of sale, the 11,981-square-foot property was fully leased. Josh Jacobs and Burdette Huffman of EDGE Capital Markets represented the undisclosed seller, while Mark Kalil of Mark Kalil & Associates represented the undisclosed buyer in the deal. The acquisition price was not released.

January 16, 2017

Industrial Oklahoma Texas

CBRE Brokers $2.1M Sale of Industrial Facility in Oklahoma City

by Amy Works January 16, 2017

OKLAHOMA CITY — CBRE has arranged the sale of an industrial property located at 2330 N.W. 10th St. in Oklahoma City. Interstate Real Estate Co. sold the 43,442-square-foot property to SFI 10th Street LLC for $2.1 million. Caitlin Mazaheri, John Lenochan and Jason Hammock of CBRE represented the seller, while Brett Price with Newmark Grubb Levy Strange Beffort represented the buyer in the deal.

January 16, 2017

Multifamily Texas

Marcus & Millichap Facilitates Sale of 72-Unit Multifamily Property in Brownsville, Texas

by Amy Works January 16, 2017

BROWNSVILLE, TEXAS — Marcus & Millichap has brokered the sale of Jefferson Square, a multifamily property located at 230 W. Jefferson St. in Brownsville. A private investor acquired the 72-unit property for an undisclosed price. Built in 1981, the property features 36 one-bedroom/one-bath units and 36 two-bedroom/one-bath units. Mike Moffitt Jr. of Marcus & Millichap represented the seller, a partnership, and secured the buyer in the transaction.

January 16, 2017

Loans Multifamily Texas

BMC Capital Arranges $1.5M in Refinancing for Multifamily Property in Metro Dallas

by Amy Works January 16, 2017

GARLAND, TEXAS — BMC Capital has arranged a $1.5 million loan for a multifamily property located in Garland, roughly 18 miles northeast of Dallas. The non-recourse loan features a seven-year term, fixed interest rate of 3.99 percent and a 30-year amortization schedule. Clayton Wells of BMC Capital secured the financing for the undisclosed borrower.

January 16, 2017

Loans Multifamily Texas

Dougherty Mortgage Closes $1.2M Loan for 101-Unit Multifamily Property in Saginaw, Texas

by Amy Works January 16, 2017

SAGINAW, TEXAS — Dougherty Mortgage has arranged a $1.2 million Fannie Mae Supplemental loan for the refinancing of The Crossing Apartments in Saginaw. The multifamily property features 101 apartment homes. Dougherty’s Vienna, Va., office arranged the 7.5-year loan with a 30-year amortization schedule on behalf of the borrower, DCP Crossing.

January 16, 2017

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