MOORE, OKLA. — BMC Capital has secured a $2 million loan for the acquisition of an 80-unit multifamily property in Moore, a southern suburb of Oklahoma City. Clayton Wells of BMC arranged the 10-year loan, which features a 4.1 percent interest rate, and 30-year amortization schedule, on behalf of the undisclosed borrower.
DALLAS AND FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of two apartment communities totaling 1,020 units in the Dallas-Fort Worth area. The 536-unit Arborstone was built in 1985 and is located at 6500 S. Cockrell Hill Road in Dallas, and the 484-unit Meadow Ridge was built in 1981 and is located at 3001 W. Normandale St. in Fort Worth. Both properties will undergo multimillion-dollar renovations. Al Silva, Ford Braly and Mark McCoy of Marcus & Millichap represented the sellers in both transactions. An out-of-state investment firm purchased Arborstone and a Lubbock-based investment firm purchased Meadow Ridge.
OKLAHOMA CITY — Sealy & Co., a Louisiana-based industrial investment firm, has acquired a 17-building, 1.2 million-square-foot industrial park in Oklahoma City. The transaction comes as part of the company’s acquisition of an undisclosed, private REIT. The buildings are situated in Oklahoma City’s Southwest submarket near Will Rogers World Airport and Interstates 44 and 40.
HOUSTON — Colliers has negotiated the sale of two single-tenant industrial properties totaling 26,925 square feet in Houston. The properties are located at 3730 Dacoma St. and 6942 Signat Drive. Jason Tangen of Colliers represented the buyer, RAH Santa Fe LLC, in the transaction. Lee & Associates represented the seller, New Mexico-based Turnaround Properties LLC.
AUSTIN, TEXAS — AMC Theatres and publicly traded retail REIT Seritage Growth Properties will develop AMC Tech Ridge 10, a 10-screen, 45,000-square-foot movie theatre in Austin. The theater will feature more than 1,000 AMC Signature Recliners and a MacGuffin’s adult beverage concept. Construction on the theater, which is scheduled to open in 2019, will begin later this year.
HOUSTON — Arch-Con Corp. has completed construction of the Northwest Alliance Ministries (NAM) Harrell Family Opportunity Center, a 32,000-square-foot community center in Houston that will provide space for hosting career fairs, conferences and job training sessions. The two-story property features meeting rooms that can accommodate more than 300 people, a food preparation area and a new computer lab. NAM is a nonprofit social work agency that serviced 114,000 people in Houston last year.
DALLAS — Rainier Realty Investments has acquired Wheatland Towne Crossing, a 207,669-square-foot retail center located near the intersection of Interstate 20 and U.S. Highway 67 in Dallas. Shadow-anchored by Target and Aldi, the property was 92 percent leased at the time of sale to tenants such as Party City, Office Depot, PetSmart and Dollar Tree. Sunny Sajnani of Metropolitan Capital Advisors arranged a $23 million, floating-rate bridge loan on behalf of Rainier for the acquisition of the center.
AUSTIN, TEXAS — Hunt Mortgage Group has arranged $27.7 million in refinancing for a pair of retail centers in Austin. The company arranged $11.2 million for The Linc, a 178,743-square-foot center situated on 15.6 acres at 6406 N. Interstate 35 Frontage Road and $16.5 million for The Crescent, an 117,980-square-foot property situated on 12.3 acres at 6929 and 6903 Airport Blvd. Both loans, which were arranged on behalf of California-based development firm Misuma Holdings, are structured as 36-month, floating-rate deals.
HOUSTON — NAI Partners has negotiated a 227,000-square-foot industrial lease at 6501 Navigation Blvd. in Houston. Clay Pritchett of NAI Partners represented the landlord, Quasar Navigation Ltd., in the lease negotiations. David Cartwright of B&C Capital represented the tenant, MEI Rigging and Crating LLC, a packing and shipping firm with offices across the Southwest.
HOUSTON — HREC has arranged the sale of the Holiday Inn Houston Energy Corridor Eldridge, a 122-room hotel located at 1112 Eldridge Parkway in Houston. Woodford Hospitality LP, an affiliate of Ashland Hospitality Inc., purchased the property, which features a 24-hour business center, on-site laundry services and a private limousine service. The seller and terms of sale were not released.