Texas

Aspen Heights Partners Sells 200-Unit Apartment Tower in Downtown Austin

by Amy Works February 1, 2017

AUSTIN — Austin-based Aspen Heights Partners has completed the sale of Rise on 8th, a 22-story apartment building located at 805 Nueces St. in downtown Austin. An undisclosed buyer acquired the 200-unit property, which features a conference room, TV lounge and technology/coffee bar on the first floor. The 10th floor features an outdoor fire pit, outdoor grills, a swimming pool and an indoor lounge. The 22n d floor features a 2,000-square-foot fitness center with free weights and cardio equipment. The buyer intends to announce the details of the property to the market later this year. The acquisition price was not released.

February 1, 2017

PinPoint, LifeWell Start Construction of 86-Unit Seniors Housing Community in Amarillo, Texas

by Amy Works February 1, 2017

AMARILLO, TEXAS — PinPoint Senior Living and LifeWell Senior Living LLC have started construction of The Legacy at Town Square, an 86-unit independent living, assisted living and memory care community in Amarillo. The companies plan to complete the project in late fall 2017. PinPoint is a Houston-based seniors housing developer with 14 communities open or in development. LifeWell is a Houston-based seniors housing operator with nine communities open or in development in Texas, Florida and New Mexico.

February 1, 2017

Office Texas

Talon Private Capital Sells 111,722 SF Office Building in Dallas

by Amy Works February 1, 2017

DALLAS — Talon Private Capital has completed the disposition of an office building located at 2525 McKinnon St. in Dallas’ Uptown submarket. City Office REIT Inc. acquired the 111,722-square-foot property for an undisclosed price. Completed in 2003, the property was 96 percent leased at the time of sale. The Retail Connection, Aramark Service, Staffelbach, Hunt and Berkeley Research are tenants at the property. HFF represented the seller and procured the buyer in the transaction.

February 1, 2017

Loans Multifamily Texas

Dougherty Mortgage Closes $3.3M Loan for 84-Unit Multifamily Property in Metro San Antonio

by Amy Works February 1, 2017

BALCONES HEIGHTS, TEXAS — Dougherty Mortgage has closed a $3.3 million Fannie Mae loan for the refinancing of Balcones Lofts, an affordable multifamily property located in Balcones Heights, a suburb 10 minutes northwest of San Antonio. Dougherty’s Minneapolis arranged the 15-year loan with a 30-year amortization schedule for the borrower, Balcones Lofts Ltd. The 84-unit property features one-, two- and three-bedroom units, a swimming pool, 24-hour fitness center and a community room.

February 1, 2017

Loans Office Texas

HALL Group Receives $57.3M Construction Loan for 12-Story Office Project in Metro Dallas

by Amy Works January 31, 2017

FRISCO, TEXAS — HALL Group has received a $57.3 million construction loan for the development of an office property located at 3201 Dallas Parkway in Frisco. Situated within the 162-acre HALL Park, the 12-story building will feature 300,000 square feet of rentable office space. The office building is slated for completion in December. Amenities at HALL Park include a fitness center, conference center, bank, wine lounge, on-site restaurants, food truck court, courtesy patrols, full-time concierge, retail center and on-site childcare. Try Morsback and Michael Cosby of HFF secured the financing through a lending syndicate led by Commerce Bank on behalf of HALL Group.

January 31, 2017

Industrial Texas

Transwestern Development, AEW Capital Sell 339,900 SF Industrial Property in Katy, Texas

by Amy Works January 31, 2017

KATY, TEXAS — Transwestern Development Co., along with AEW Capital Management, has completed the disposition of Mason Creek Business Center, a four-building industrial property located at 21201-21501 Park Row Drive in Katy, for undisclosed price. The 339,900-square-foot property features clear ceiling heights ranging from 24 to 28 feet, truck court depths from 130 to 190 feet and cross dock and rear- and front-load layouts. Rusty Tamlyn and Trent Agnew of HFF represented Transwestern Development and AEW Capital Management in the transaction. The name of the buyer was not released.

January 31, 2017

Company News Industrial Office Retail Texas

BH Properties Buys Former Golfsmith HQs in Austin Out of Bankruptcy for $20.5M

by Amy Works January 31, 2017

AUSTIN, TEXAS — Los Angeles-based BH Properties has acquired the former Golfsmith International Holdings Inc. headquarters facility in Austin out of Golfsmith’s bankruptcy liquidation process for $20.5 million. Situated on 40 acres, the four-building, 332,345-square-foot property features a 93,000-square-foot building, which housed retail and office space, and three manufacturing and distribution facilities totaling 239,000 square feet. BH Properties was represented in-house, while Michael Jerbich of A&G Realty Partners represented Golfsmith in the deal.

January 31, 2017

Retail Texas

Younger Partners Brokers Land Sale for Retail Development in McKinney, Texas

by Amy Works January 31, 2017

MCKINNEY, TEXAS — Younger Partners has arranged the sale of a 1.6-acre land parcel located at McKinney Ranch Parkway and Lake Forest Boulevard in McKinney. An undisclosed developer acquired the property and plans to construct a 15,000-square-foot retail center on the site. John St. Clair and Kevin Harrell of Younger Partners represented the buyer, while Bry Taylor of Bryson Messer Properties represented the undisclosed seller. The acquisition price was not released.

January 31, 2017

Industrial Texas

Holt Lunsford Commercial Negotiates Sale of 41,000 SF Industrial Building in Metro Dallas

by Amy Works January 31, 2017

MANSFIELD, TEXAS — Holt Lunsford Commercial has arranged the sale of an industrial building located at 617 S. Fourth Ave. in Mansfield, a suburb located 30 miles southwest of Dallas. Valdar Properties #5 LLC sold the 41,000-square-foot building for an undisclosed price. George Jennings and Donnie Rohde of Holt Lunsford represented the undisclosed seller in the deal.

January 31, 2017

Multifamily Texas

H.I.G. Realty Partners Acquires 322-Unit Apartment Complex in San Antonio

by Amy Works January 30, 2017

SAN ANTONIO — H.I.G. Realty Partners, an affiliate of H.I.G. Capital, has purchased Windsor House Apartments, an apartment complex located in San Antonio, for an undisclosed price. Built in 1997, the property features 322 apartments. The name of the seller was not released.

January 30, 2017

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