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MultifamilyTexas

Pilot Properties Acquires Multifamily Property in Fort Worth

by Amy Works

FORT WORTH, TEXAS — Pilot Properties has acquired Barclay House, a multifamily property located at 2100 Forest Park Blvd. in the Berkeley Place neighborhood of Fort Worth, from an out-of-state investor for an undisclosed sum. Built in 1926, the property features 17 units in two buildings, a courtyard, covered parking and on-site laundry facilities. Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson of Greysteel represented the seller and procured the buyer. Additionally, Greysteel arranged a three-year loan through a local bank for the acquisition. The loan features two years of interest-only payments, a two-year extension option and a 25-year amortization schedule. Anton Mattli and John Marshall Doss of Greysteel arranged the financing for the buyer.

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1125-executive-circle-irving-tx
OfficeTexas

Rubicon Representation Brokers Acquisition of Office Building in Irving

by Amy Works

IRVING, TEXAS — Rubicon Representation has arranged the acquisition of an office building located at 1125 Executive Circle in Irving’s Las Colinas district. The Patel Law Group acquired the property from 1125 Executive LLC for an undisclosed price. The buyer plans to relocate its law firm to the new office building from Colonial Plaza in Irving. Kyle Jacobs and Daniel Miller of Rubicon represented the buyer, while Bruce Hecht and Ben Goldthorpe of Swearingen Realty Group represented the seller, American College of Emergency Physicians, in the deal.

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8901-gaylord-dr-houston-tx
OfficeTexas

Colliers Negotiates Sale of 25,000 SF Office Building in Houston

by Amy Works

HOUSTON — Colliers International has arranged the sale of a two-story office building located at 8901 Gaylord Drive in Houston. DNA Interest sold the 25,000-square-foot property, which was developed in 2008, to 8901 Gaylord LLC for an undisclosed price. David Carter and John Parsley of Colliers International represented the seller, while Guy Brown of Poynter Commercial Properties represented the buyer in the deal.

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little-sunshine-the-woodlands-tx
RetailTexas

Vitorino Group Arranges Sale of Preschool Property in The Woodlands

by Amy Works

THE WOODLANDS, TEXAS — The Vitorino Group has brokered the sale of Little Sunshine’s Playhouse and Preschool in The Woodlands. The newly developed property was marketed with a 15-year absolute net-lease that includes rent escalations every five years and a corporate guarantee. A local Texas investor acquired the 8,795-square-foot property for undisclosed price. The name of the seller was not released.

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IndustrialTexas

Boyd Commercial Facilitates Sale of Industrial Property in Houston

by Amy Works

HOUSTON — Boyd Commercial/CORFAC International has arranged the sale of an industrial property located at 3604 B. Fairmont Parkway in Houston. Alvaro R. Elizondo acquired the 5,000-square-foot property from First Citizens Bank & Trust for an undisclosed price. Andrew Sowell of Boyd Commercial represented the seller in the deal.

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OfficeTexas

Westmount Realty Capital Sells 546,984 SF Office Portfolio in Austin

by Amy Works

AUSTIN, TEXAS — Westmount Realty Capital has completed the disposition of a 13-building office portfolio located on Kramer Lane and Metric Avenue within the Braker Center in Austin. The property sold for an undisclosed sum. Originally constructed as light industrial buildings, the 546,984-square-foot complex has evolved into more than 90 percent office finish-out space. Allergan Inc., Cenpatico, Integra Life Sciences and Renewal by Anderson are current tenants at the property. Eastdil Secured represented Westmount Realty Capital in the transaction. The name of the buyer was not released.

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treehouse-apts-arlington-tx
MultifamilyTexas

Greysteel Arranges Sale of Treehouse Apartments in Arlington

by Amy Works

ARLINGTON, TEXAS — Greysteel has brokered the sale of Treehouse Apartments, a multifamily property located in Arlington. RMC Consultants sold the property to a private investor for an undisclosed price. Built in 1972, the property comprises five buildings totaling 16 units. Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson of Greysteel represented the buyer and seller in the deal.

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villas-del-sol-forth-worth-tx
MultifamilyTexas

Marcus & Millichap Brokers Sale of Two Multifamily Properties in Fort Worth

by Amy Works

FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of two neighboring multifamily properties in Fort Worth. A Dallas-based limited liability company acquired the 104-unit Villas Del Sol and the 118-unit Wedgewood Apartments from a private investment group for an undisclosed price. Al Silva, Mark McCoy and Ford Braly of Marcus & Millichap represented the seller and procured the buyer in the transaction.

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LoansRetailTexas

Metropolitan Capital Arranges $2.8M Acquisition Loan for Retail Center in College Station

by Amy Works

COLLEGE STATION, TEXAS — Metropolitan Capital Advisors has arranged $2.8 million in financing to 505 University Center LLC for the acquisition of 505 Center, a retail center located along University Drive in College Station. At the time of sale, the 33,766-square-foot property was fully occupied by a variety of national and regional tenants, including Fox & Hound, Edward D. Jones & Co., Aggieland Eye Care and Cavalier Cigar. Sunny Sajnani and Duke Dennis of Metropolitan Capital arranged the financing through Texas-based The Bank & Trust.

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RetailTexas

DuWest Realty Brokers Two Retail Leases Totaling 27,716 in Dallas, Plano

by Amy Works

DALLAS AND PLANO, TEXAS — DuWest Realty has arranged two retail leases totaling 27,716 square feet in Dallas and Plano. In the first lease, The Knead Medmassage leased 11,141 square feet at Broadstone Galleria at 13465 Inwood Road in Dallas. Scott Rodgers and Taylor Cluff of DuWest represented the landlord, CH Realty, in the deal. In the second deal, Kawaii America Piano Co. leased 16,302 square feet at Village at Collin Creek Shopping Center in Plano. Rodgers and Joe Radice of DuWest represented the landlord, Madison Partners, in the transaction.

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