DALLAS — Northwood Retail, a subsidiary of Northwood Investors, has acquired Hillside Village, a shopping center located at the corner of Mockingbird Lane and Abrams Road in east Dallas. Current tenants at the 169,299-square-foot property include Stein Mart, Olivella’s Neo Pizza Napoletana, Dream Café, White Rock Coffee and Manny’s Lakewood Tex-Mex. The buyer has engaged SHOP Cos. to assist with leasing the property. The name of the seller and acquisition price were not released.
WESLACO, TEXAS — Marcus & Millichap has brokered the sale of Weslaco Station, an office building located in Weslaco. U.S. Customs and Border Protection occupies the entire 54,483-square-foot property on a long-term lease through February 2024. Joshua Murphy of Marcus & Millichap represented the seller, a private joint venture, and procured the undisclosed buyer in the deal. The acquisition price was not released.
PEARLAND, TEXAS — Pearland-based Frontier Forklifts has acquired an industrial facility located at 3401 S. Main St. in Pearland. Baker Hughes Inc. sold the 30,000-square-foot property, which is situated on 6.5 acres, for an undisclosed price. Frontier Forklift offers sales, service, rentals and parts for forklifts and specialty equipment. Conrad Bernard of Boyd Commercial represented the seller in the deal.
NORTH RICHLAND HILLS AND TOMBALL, TEXAS — NewQuest Properties has arranged two leases for retail space in North Richland Hills and Tomball. In the first deal, Cellphone Trendz leased 1,050 square feet of retail space at North Tarrant Marketplace in North Richland Hills. Josh Friedlander provided in-house representation for the landlord, NewQuest Properties, while Jack Burgher of Streetwise Retail Advisors represented the tenant. In the second transaction, PostNet TX 223 leased 2,095 square feet of retail space at Tomball Parkway Plaza in Tomball. Brad Elmore and Austen Baldridge of NewQuest Properties represented the landlord, Tomball Plaza LLC, while Caroline Howell of NewQuest and Josh Evans of Newmark Grubb Knight Frank represented the tenant.
FORT WORTH AND WACO, TEXAS — CBRE has secured $38 million in permanent financing for the recapitalization of two student housing properties totaling 558 beds in Fort Worth and Waco. The properties include Village East near Texas Christian University in Fort Worth and 11th Street Flats near Baylor University in Waco. Both properties offer fully furnished units with off-street parking. The borrower and lender were undisclosed.
PLANO, TEXAS — Stream Data Centers has broken ground on Steam Ready-to-Fit Data Center – DFW VI, a data center within Legacy Business Park in Plano. Situated on 16 acres, the 145,000-square-foot facility is expandable to 265,000 square feet. Completion is slated for October. The facility will be Stream’s 10th data center project in Texas.
HOUSTON — Thor Equities has announced the topping out of the residential tower at Kirby Collection, a 1 million-square-foot mixed-use development in Houston’s Upper Kirby District. The 25-story, 385,000-square-foot building will feature 199 apartments in 21 different floor plans, including townhomes, garden lofts and penthouses. Slated for completion in September, the property will also include a clubhouse deck with a pool and cabanas, a fitness center, business center and lounge. Additional amenities include a parking garage, valet parking and a private entrance with 24-hour security. The project team includes E.E. Reed Construction, Richard Keating Architecture, Dianna Wong Architectures + Design, Kirksey, Walter P Moore and WYLIE.
FORT WORTH, TEXAS — Apple Hospitality REIT has purchased a Courtyard by Marriott in Fort Worth for $18 million, or $145,000 per key. Located at 2537 N. Main St., the hotel features 124 guest rooms, free high-speed internet, meeting and event space, a swimming pool and fitness center. The name of the seller was not released.
HONDO, TEXAS — Senior Living Investment Brokerage Inc. (SLIB) has arranged the $1.8 million sale of a 75-bed skilled nursing facility in the San Antonio suburb of Hondo. The facility was built in 1966, and an office annex was added in 1997. The name of the facility was not disclosed. An independent owner-operator from the Dallas area purchased the property. The seller was an operator from a different region looking to remove a non-core asset. Matthew Alley of SLIB arranged the transaction.
HOUSTON — The Hanover Co. has received fixed-rate financing for Hanover Post Oak, a high-rise apartment building located near Houston Galleria in Houston. Cortney Cole, Scott Galloway and Dustin Selzer of HFF arranged the 10-year, fixed-rate loan through an agency lender for the borrower. Completed in 2014, the 30-story tower features 355 apartment units in a mix of one-, two- and three-bedroom layouts with 10-foot ceilings, hardwood flooring, floor-to-ceiling windows, walk-in closets, open-concept gourmet kitchens and views of Houston’s Uptown and central business district skylines. Community amenities include a pool with private cabanas, 24-hour Technogym fitness center, private screening room, catering kitchen, pet washing station, business center, 24-hour concierge, valet dry cleaning and valet parking services.