Texas

SHOP Cos. Arranges Sale of 14,680 SF Retail Center in Metro Dallas

by Haisten Willis February 10, 2016

CROSS ROADS, TEXAS — SHOP Cos. Investment Sales has arranged the sale of Crossroads Crossing, a 14,680-square-foot shopping center located in Cross Roads. Crossroads Crossing is situated at the northwest quadrant of US Highway 380 and FM 720. At the time of closing the property was 100 percent leased to tenants including Domino’s, State Farm Insurance, January’s Salon, Cornerstone Dental and Villa Grande Mexican Restaurant. Tommy Tucker with SHOP Cos. represented the seller, a Carrollton-based private partnership, and procured the buyer, a Dallas-based limited liability company.

February 10, 2016

Lee & Associates Negotiates 15,406 SF Industrial Sale in Metro Dallas

by Haisten Willis February 10, 2016

ROWLETT, TEXAS — Lee & Associates has negotiated the sale of a 15,406-square-foot industrial building located at 4720 Industrial St. in Rowlett. Brett Lewis of Lee & Associates’ Dallas/Fort Worth office represented the seller, Sarah Hannah Ltd. GatSplat was the buyer.

February 10, 2016

Hospitality Texas

Hilton Worldwide Opens Embassy Suites by Hilton El Paso

by Haisten Willis February 9, 2016

EL PASO, TEXAS — Hilton Worldwide has opened the Embassy Suites by Hilton El Paso. The 187-room hotel, formerly the El Paso Suites, debuts following a multimillion-dollar renovation. TRS El Paso Property LLC owns the hotel and has selected Spire Hospitality to manage it. Two-room suites include a separate living area, private bedroom, two televisions, wet bar, microwave and mini-fridge. Amenities include a free breakfast, heated indoor pool, fitness center, business center and free Wi-Fi. The hotel features more than 5,400 square feet of flexible meeting space and can accommodate events of up to 200 guests. Located less than three miles from El Paso International Airport at 6100 Gateway Blvd. East, Embassy Suites by Hilton provides a free shuttle for arriving and departing guests.

February 9, 2016

Crow-Holdings-Industrial-Stafford-Grove-industrial-park-texas

Industrial Texas

Crow Holdings Breaks Ground on 351,960 SF Industrial Park in Metro Houston

by Haisten Willis February 9, 2016

STAFFORD, TEXAS — Crow Holdings Industrial (CHI) has broken ground on Stafford Grove Industrial Park, a 351,960-square-foot business park located at the corner of West Airport Boulevard and Murphy Road in Stafford. The Class A development will consist of three buildings: a 95,400-square-foot rear-load building, a 165,000-square-foot cross-dock building and a 91,560-square-foot front-load building. The project is expected to be complete in the third quarter of 2016. Amenities include an ESFR sprinkler system, 24- to 30-foot clear heights and trailer storage. This is CHI’s second development in Houston’s metropolitan area. Stream’s Justin Robinson, Matteson Hamilton and Dane Petersen will handle leasing and management of the property. Rosenberger Construction is the general contractor on the project.

February 9, 2016

Loans Multifamily Texas

Mason Joseph Co. Secures $18.7M Construction Loan for Apartment Community in Denison

by Haisten Willis February 9, 2016

DENISON, TEXAS — Mason Joseph Co., a San Antonio-based FHA multifamily lender, has secured an $18.7 million loan for the construction and permanent financing of The Residence at Gateway Village. The property is a proposed 180-unit apartment community in Denison. The financing was secured through the U.S. Department of Housing and Urban Development’s 221(d)(4) loan insurance program. The borrower secured a non-recourse loan that is fixed for the initial 16-month construction period and a subsequent 40-year term. Residence at Gateway Village is being built as part of a master-planned development, Gateway Village, on the west side of US Highway 75 at Grayson Drive. The apartment will be spread over eight three-story buildings. Sherman, Texas-based Covenant Development Partners, a privately held regional multifamily development and investment firm, is developing the project. Parkcrest Builders will serve as the project’s general contractor, and Residence Property Co. will serve as the management agent.

February 9, 2016

Loans Multifamily Texas

Dougherty Mortgage Secures $9.9M Fannie Mae Loan for Las Colinas Apartments in Austin

by Haisten Willis February 9, 2016

AUSTIN, TEXAS — Dougherty Mortgage has secured a $9.9 million Fannie Mae loan for the acquisition financing of Las Colinas Apartments, a 177-unit apartment property located in Austin. Property amenities include two laundry facilities, courtyards with barbecue and picnic areas, a community room and a children’s playground. A partnership between Old Capital Lending and Dougherty’s Minneapolis office arranged the loan on behalf of the borrower, 1500 Reagan Hill LLC. The loan features a 12-year term and 30-year amortization schedule.

February 9, 2016

americanstar-mattress-1185-West-Corporate-Drive-Arlington-texas

Industrial Retail Texas

Americanstar Mattress Opens North Texas Showroom, Distribution Center in Arlington

by Haisten Willis February 9, 2016

ARLINGTON, TEXAS — Americanstar Mattress LLC has entered the north Texas market, inking a 25,230-square-foot lease for showroom and distribution space in the Great Southwest Industrial District. The California-based company has leased as-is space at 1185 W. Corporate Drive in Arlington. Will Dillard of Dallas-based Bradford Commercial Real Estate Services represented the tenant, who also has a distribution center in Houston. Americanstar’s first location in the region is accessible to I-30 and TX 360. The rear-load structure has a 24-foot clear height and four loading docks. Bill Bexley of JSC Realty Investment Services Inc. represented Avenue J Partnership Ltd., landlord of the fully leased, 50,265-square-foot industrial building.

February 9, 2016

advalurem-bella-madera-lake-lewisville-texas

Loans Multifamily Texas

Advalurem Group Venture Refinances Apartment Community in Metro Dallas

by Haisten Willis February 8, 2016

LEWISVILLE, TEXAS — An Advalurem Group venture has completed the refinancing of Bella Madera at Lake Lewisville, a 612-unit, Class A apartment community in Lewisville. Advalurem Group initially completed a joint venture equity investment with its partner, BRES, for Bella Madera in 2013. At the time of acquisition, the partnership assumed an existing first mortgage loan and secured preferred equity financing from a financial institution. At the current market value of $65.6 million, the venture refinanced the property concurrently with a recapitalization of the partnership by buying out the preferred equity partner. Built in 2009, Bella Madera at Lake Lewisville is 96 percent occupied.

February 8, 2016

Mixed-Use Restaurant Retail Texas

Golden Chick Opens New Location in Burleson Commons Mixed-Use Development

by Haisten Willis February 8, 2016

BURLESON, TEXAS — Golden Chick has opened a new location at Burleson Commons. The property is located at the intersection of Wilshire Boulevard and FM 731 in Burleson. Golden Chick joins the new Kroger, which opened last month. Cullinan Properties, headquartered in Peoria, Ill., owns and manages Burleson Commons. SRS Real Estate’s Dallas/Fort Worth office represented Cullinan in the sales transaction. First opened in the late 1960’s in San Marcos, Golden Chick is a chain of franchise restaurants in the south and southwest United States with more than 150 locations. The chain’s flagship menu item has been its Golden Tenders, which are marinated, hand-battered chicken tenderloins.

February 8, 2016

Industrial Texas

Cypressbrook Co. Arranges Sale of Land, Industrial Property in Metro Houston

by Haisten Willis February 8, 2016

CYPRESS, TEXAS — Greg Usher of Cypressbrook Co. has represented Argen Polymer LLC in the purchase of two tracts of land totaling 10.8 acres and a warehouse building containing 15,000 square feet on Telge Road in Cypress. Steve Adkisson of Adkisson Group represented the seller, SF Telge Park LLC.

February 8, 2016

Newer Posts

Older Posts