Texas

HFF Secures Financing for 379-Unit Multifamily Property in Houston

by Amy Works January 24, 2017

HOUSTON — HFF has arranged fixed-rate financing for Hanover Rice Village, an apartment community located near Rice University in Houston. Cortney Cole, Scott Galloway and Dustin Selzer of HFF arranged the 10-year loan for the borrower, The Hanover Co. Completed in 2013, the property features 379 residential units and 22,599 square feet of retail space. Coppa Italian Food, Punk’s Simple Southern Food and Cyclone Anaya’s Mexican Kitchen occupy the retail space. On-site amenities include a swimming pool, poolside cabanas, fire pit, grilling areas, open-air loggia with fireplace and television, outdoor banquette seating and dining space, a resident club, pet washing station and controlled-entry parking garage.

January 24, 2017

Industrial Texas

Transwestern Brokers Sale of 53,300 SF Industrial Building in Mansfield, Texas

by Amy Works January 24, 2017

MANSFIELD, TEXAS — Transwestern has negotiated the sale of an industrial property located at 2155 FM 1187 in Mansfield. Robhana Inc. & Waltco of Nevada Inc. sold the 53,300-square-foot property to Crown Building Products LLC/Comarca Grande for an undisclosed price. Jeff Givens with Transwestern represented the seller in the deal.

January 24, 2017

Office Texas

Coldwell Banker Facilitates Two Office Property Sales in Hurst, Arlington

by Amy Works January 24, 2017

HURST AND ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors DFW has arranged two separate sales of office properties in Hurst and Arlington. In the first deal, RAKS Real Estate LLC acquired a 6,503-square-foot office building located at 800 Forest Oaks Lane in Hurst. Doug Tonne Investments sold the property for an undisclosed price. The buyer will use the property as a dental office. In the second transaction, TL Reeves Realty LLC acquired a 7,572-square-foot office building located at 400 N. East St. in Arlington, from Monopoly Ltd. The buyer plans to use the property as an adult daycare facility. The acquisition price was not released. Chris Mendez of Coldwell Banker represented the sellers in both transactions.

January 24, 2017

Retail Texas

Marcus & Millichap Arranges Sale of 34,245 SF Retail Property in Cedar Park, Texas

by Amy Works January 24, 2017

CEDAR PARK, TEXAS — Marcus & Millichap has brokered the sale of Cypress Bend Shopping Center, a retail property located at 2051 Cypress Creek Road in Cedar Park. Constructed in 2002, the property features 34,245 square feet of retail space. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a partnership, in the deal. The name of the buyer and acquisition price were not released.

January 24, 2017

Multifamily Texas

JLL Brokers Sale of 102-Unit Multifamily Property in Downtown San Antonio

by Amy Works January 23, 2017

SAN ANTONIO — JLL has arranged the sale of Peanut Factory Lofts, a newly constructed apartment property located at 939 S. Frio St. in downtown San Antonio. 210 Development Group sold the property to Windmill Investments for an undisclosed price. The property features 102 units, a fitness center, dog park and two resort-style pools. Scott LaMontagne and Moses Siller of JLL represented the seller in the deal.

January 23, 2017

Multifamily Seniors Housing Texas

Blueprint Brokers $6.4M Sale of 120-Bed Skilled Nursing Facility in Texas

by Amy Works January 23, 2017

WHITEHOUSE, TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the $6.2 million sale of Oak Brook Health Care, a 120-bed skilled nursing facility in the Tyler suburb of Whitehouse, approximately 110 miles southeast of Dallas. A New York-based owner-operator with a significant existing presence in east Texas purchased the facility from a California-based REIT. The seller was attempting to remove a non-core asset, while the buyer was looking for a value-add opportunity. The purchase price equates to $53,500 per licensed bed. Blueprint’s Christopher Hyldahl and Gideon Orion were lead advisors on the transaction.

January 23, 2017

Loans Multifamily Oklahoma Texas

Old Capital Arranges Acquisition Loan for 50-Unit Multifamily Property in Chickasha, Oklahoma

by Amy Works January 23, 2017

CHICKASHA, OKLA. — Old Capital has arranged an acquisition loan for Willowbrook Apartments, a 50-unit multifamily property in Chickasha. The non-recourse, 10-year loan features an 80 percent loan-to-value with three years of interest-only payments and a step-down prepayment option. The borrower and loan amount were undisclosed.

January 23, 2017

Multifamily Seniors Housing Texas

Sodalis to Develop Three Seniors Housing Communities in Texas

by Amy Works January 23, 2017

NEW BRAUNFELS, TEXAS — Sodalis Senior Living has planned three new communities to open in Texas during 2017. In early 2017, Sodalis plans to open Sodalis at Stone Oak, a 63-bed assisted living and memory care community in San Antonio. Later in the year, Sodalis will open a 48-unit assisted living expansion at Sodalis at Buda Memory Care in the Austin suburb of Buda. In late 2017, Sodalis plans to open Tribute Senior Living, a 100-bed memory care and assisted living community in the Dallas suburb of Prosper. Founded in 1998, Sodalis Senior Living is a Texas-based provider of assisted living and memory care apartments.

January 23, 2017

Industrial Texas

BFS Services Renews 167,820 SF Industrial Lease in Coppell, Texas

by Amy Works January 23, 2017

COPPELL, TEXAS — BFS Services Inc. has renewed its lease for 167,820 square feet of industrial space at 500 Airline Drive in Coppell. Reed Parker of Lee & Associates Dallas/Fort Worth represented the tenant, while Tom Irish provided in-house representation for the landlord, Transpacific Development Co., in the deal.

January 23, 2017

Multifamily Texas

Fort Capital Begins Developing 72-Unit Multifamily Property in Fort Worth

by Amy Works January 20, 2017

FORT WORTH, TEXAS — Fort Capital has begun development on Fort201, a multifamily property located within The Foundry in Fort Worth’s West 7th Street District. The two-building property will feature 72 studio, one- and two-bedroom apartment residences with rents starting at $1,075 per month. The units will feature high-tech capabilities, Carrara marble countertops, stainless steel appliances and an electronic doorman. Construction is slated for completion later this year. The Foundry is a mixed-use development headed by M2G Ventures.

January 20, 2017

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