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.
AUSTIN, TEXAS — Peak Real Estate Management has purchased Promesa, an apartment community located in west Austin, for an undisclosed price. At the time of sale, the 289-unit multifamily property was 93 percent occupied. On-site amenities include a resort-style pool with cabana lounge seating and outdoor cooking stations, demonstration kitchen, media and gaming rooms, business center with a private conference room and fitness center. Pat Jones of ARA Newmark represented the undisclosed seller and procured the buyer in the deal.
MCKINNEY, TEXAS — Metropolitan Capital Advisors has arranged a $12.7 million loan for the acquisition of Craig Crossing Shopping Center in McKinney. The loan features a 6.13 percent fixed interest rate with interest-only payments throughout the loan term at 65 percent loan-to-value. Todd McNeill of Metropolitan Capital Advisors arranged the loan for the undisclosed borrower.
HOUSTON — Marcus & Millichap brokered the sale of Ponderosa Shopping Center, a retail property located at 16300 Kuykendahl Road in Houston. An individual/personal trust sold the 50,937-square-foot property for an undisclosed price. At the time of sale, the property, which was built in 1983, was 61 percent leased. Jerry Goldstein of Marcus & Millichap represented the seller and buyer, a limited liability company, in the deal.