Texas

Farmers Brothers Coffee Opens $90M, 538,000 SF Headquarters in Northlake

by Taylor Williams May 1, 2017

NORTHLAKE, TEXAS — Farmers Brothers Coffee, a wholesaler and distributor of coffee, tea and culinary products, has opened a $90 million, 538,000-square-foot headquarters in the Fort Worth suburb of Northlake. Located at 1912 Farmers Brothers Drive, the headquarters includes a 125,000-square-foot roasting plant with the capacity to roast 24 to 28 million pounds of coffee per year and a 258,000-square-foot distribution center. Stream Realty Partners developed the facility, which will house approximately 175 employees as the company begins its complete relocation from California to Texas.

May 1, 2017

Multifamily Student Housing Texas

Arrimus Capital Acquires 465-Bed Student Housing Property in Houston

by Taylor Williams May 1, 2017

HOUSTON — Arrimus Capital, a California-based private equity firm, has acquired Campus Vue, a 465-bed, Class A student housing property located at 4459 N. MacGregor Way near the University of Houston. Fountain Residential Properties sold the asset, which consists of 145 units across two five-story buildings. Amenities of the property, which was 96 percent occupied at the time of sale, include a resort-style pool, study lounges and a game room. With this transaction, Arrimus has now acquired more than $100 million in student housing properties over the last 90 days.

May 1, 2017

Loans Multifamily Texas

Q10 KDH Secures $5.7M in Financing for Apartment Complex Near Texas A&M

by Taylor Williams May 1, 2017

COLLEGE STATION, TEXAS — Houston-based lender Q10 KDH has secured $5.7 million in financing for Cedar Ridge Apartments, a 166-unit multifamily property located less than one mile from Texas A&M University in College Station. The loan features a 20-year term, 20-year amortization schedule and an interest rate of roughly 4 percent. Amenities at the property include two pools, a basketball court, a community garden and a shuttle that runs to and from the property and the university. The planned use of the capital was not disclosed.

May 1, 2017

Restaurant Retail Texas

Mesero, Orangetheory to Open Locations in Victory Park in Downtown Dallas

by Taylor Williams May 1, 2017

DALLAS — Mexican restaurant Mesero and gym chain Orangetheory Fitness will both open locations within the next 12 months in Victory Park, a 75-acre, mixed-use development in downtown Dallas. Both locations will be housed within a new building at Victory Park Lane and High Market Street, construction of which is near completion. The building will also house a Cinepolis Luxury Cinemas, 20,000 square feet of new retail space and The23, a 285-unit apartment community

May 1, 2017

Industrial Oklahoma

CBRE Negotiates 11,700 SF Industrial Lease in Oklahoma City

by Taylor Williams May 1, 2017

OKLAHOMA CITY — CBRE has negotiated an 11,700-square-foot industrial lease at 3201 Cooke Way in Oklahoma City. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented the landlord, Admiral Square Inc., in the transaction. Allan Meadors of Cushman & Wakefield represented the tenant, Atlas Brands LLC, a New York-based marketing firm.

May 1, 2017

Office Texas

German Investment Firm Purchases Austin Office Complex Leased by Apple for $96M

by Taylor Williams April 28, 2017

AUSTIN, TEXAS — GLL Real Estate Partners, a Germany-based investment firm, has purchased Capital Ridge, a seven-story, 216,511-square-foot office complex in Austin that is currently 100 percent leased to Apple, for approximately $96 million. A joint venture between Denver-based investment firm Miller Global Properties LLC and Austin-based Riverside Resources sold the Class A property, which is situated on 38 acres at 320 S. Capital of Texas Highway in the West Lake Hills area. Apple has leased space at Capital Ridge since early 2015, the year the complex was built.

April 28, 2017

Loans Multifamily Texas

Bellwether Arranges $10.4M in Acquisition Financing for 192-Unit Apartment Complex in Carrollton

by Taylor Williams April 28, 2017

CARROLLTON, TEXAS — Bellwether Enterprise Real Estate Capital LLC has arranged $10.4 million in acquisition financing for Toscana Apartments, a 192-unit, Class B property multifamily property located at 17910 Kelly Blvd. in Carrollton. Laurie Morfin of Bellwether arranged the financing through Fannie Mae loan on behalf HLC Equity, a Pennsylvania-based firm that acquired the property earlier in April for roughly $13.2 million.

April 28, 2017

Multifamily Texas

Marcus & Millichap Brokers Sale of 252-Unit Multifamily Community in Arlington

by Taylor Williams April 28, 2017

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Garden Park Apartments, a 252-unit multifamily community located at 1609 Sherry St. in Arlington. Built in 1968, the property features gated access, six laundry facilities and a playground. One-bedroom units average 589 square feet per unit and two-bedroom units average 1,065 square feet per unit. Mark Allen of Marcus & Millichap represented the seller, a California-based limited liability corporation, and procured the buyer, also a limited liability firm.

April 28, 2017

Loans Multifamily Texas

Dougherty Mortgage Closes $1.9M Acquisition Loan for Multifamily Asset in Blanco, Texas

by Taylor Williams April 28, 2017

BLANCO, TEXAS — Dougherty Mortgage LLC has closed a $1.9 million Fannie Mae loan for the acquisition of Blanco Oaks Apartment Homes, a 30-unit apartment community located at 525 Jones Ave. in Blanco, a city roughly 50 miles north of San Antonio. Dougherty Mortgage arranged the 12-year loan through a partnership with Old Capital Lending, on behalf of Rio Blanco Apartments LLC. The loan features a 30-year amortization schedule and one year of interest-only payments.

April 28, 2017

Retail Texas

Black Bear Diner to Open 5,400 SF Location in Katy

by Taylor Williams April 28, 2017

KATY, TEXAS — Black Bear Diner, a California-based restaurant chain with 94 locations across eight states, will open a 5,400-square-foot, freestanding location at Shoppes at Parkwest, a retail center located at 24600 Katy Freeway. Matt Parsons and Mark Raines of JLL represented Black Bear Diner in the lease negotiations. Stephen Tou and Zach Hoffer of The Retail Connection represented the landlord, Medistar Parkwest JV Ltd., in the transaction.

April 28, 2017

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