AUSTIN, TEXAS — Presidium Group has acquired two student housing properties in Austin, University Estates and University Village, for an undisclosed price. University Estates and University Village were built between 1997 and 2001, respectively, and are located in southeast Austin on The University of Texas at Austin shuttle route. The communities feature resort-style pools, fitness centers, clubhouses, basketball courts, tennis courts, computer labs and private student rooms. Combined the properties offer 846 units, totaling 2,700 beds. The name of the seller was not released.
PLANO, TEXAS — Rubicon Representation has arranged the sale of an office building located at 4011 W. Plano Parkway in Plano. Wells Asset Management sold the 29,352-square-foot property to a local investment partnership for an undisclosed price. Current tenants at the property include The Einstein School and Farmers Insurance, and Sea Link International will relocate its office to the property from downtown Dallas. Daniel Miller and Graham Perry of Rubicon Representation represented the buyer and new tenant, while the seller had in-house representation.
CONROE, TEXAS — Harborview Capital Partners has closed $25.1 million in refinancing for two multifamily properties in Conroe. The borrower was an Arkansas-based client. Both non-recourse loans were refinanced through HUD’s 223(a)(7) program and feature interest rates fixed for 35 and 40 years. Avi Begun of Harborview Capital originated the transactions.
ADDISON, TEXAS — Dougherty Mortgage has closed a $26 million Fannie Mae loan for the acquisition of Waterford Court, a multifamily property located in Addison. Dougherty’s Minneapolis office arranged the 10-year loan with five years of interest-only payments and a 30-year amortization schedule on behalf of the borrower, Waterford Court LLC. The apartment community features 196 market-rate apartments in one-, two- and three-bedroom layouts with patios or balconies and attached garages. On-site amenities include a fitness center, outdoor pool and a courtyard.
AUSTIN, TEXAS — Muskin Commercial has arranged the sale of The Place at West Village Apartments, an apartment building located at 793 W. William Cannon Drive in Austin. 739 W. William Cannon LLC acquired the 255-unit property from Cooper’s Hill Apartments LLLP for an undisclosed price. The community features a variety of one- and two-bedroom units averaging 699 square feet, as well as a fitness center, swimming pool, laundry facilities and a dog park. IBC Bank of Austin provided acquisition financing for the purchase.
HOUSTON AND SPRING BRANCH, TEXAS — LMI Capital has arranged acquisition and refinance loans for three separate properties in the Greater Houston area. Brandon Brown of LMI originated a five-year, $5.2 million, fixed-rate loan for a 90-unit multifamily asset in Spring Branch; Kurt Dennis of LMI originated a five-year, fixed-rate loan with flexible prepayment for the acquisition of a 20,000-square-foot office building in Houston’s Kingwood submarket; and Jamie Mullin of LMI placed a 10-year, fixed-rate, $7.5 million loan for a 250-unit asset in Houston’s Braeswood submarket.
HOUSTON — NAI Partners has arranged the lease of an industrial office and warehouse building located at 5808 Hamblen Road within Logistics Park at World Houston in Houston. Winchester Source Technology LLC will occupy the 12,000-square-foot speculative building. John Ferruzzo and Nick Peterson of NAI Partners represented the landlord, Adkisson Development, while John Ginder of Caldwell Cos. represented the tenant in the transaction.
HOUSTON — Lee & Associates has brokered the lease of an 8,000-square-foot industrial and office building at 3023 Farrell Road in Houston. Eurochem International Corp. will occupy the single-tenant facility. Reed Vestal, Cameron Hicks and Taylor Schmidt of Lee & Associates represented the tenant, while Mike Spears and Robert Noack, also of Lee & Associates, represented the undisclosed landlord in the deal.
HOUSTON — Thor Equities has topped off the 13-story office tower at Kirby Collection, a 1 million-square-foot mixed-use development located in Houston’s Upper Kirby district. The project’s 210,000-square-foot, Class A office building will feature two levels of retail space totaling 65,000 square feet. The development will also feature a 25-story, 385,000-square-foot residential tower with 199 apartments, including seven two-story townhomes and seven two-story loft spaces featuring private yards. E.E. Reed Construction is the general contractor for Kirby Collection, which is slated for completion in 2017. Richard Keating Architecture is the design architect, Dianna Wong Architecture + Design is the interior designer and Houston-based Kirksey is the architect of record. Walter P Moore is the structural engineer, and Houston-based WYLIE is the MEP engineer.
SAN ANTONIO — MetroGroup Realty Finance has arranged $29.9 million in financing for Parkway Plaza, an 89,388-square-foot office and flex building located in San Antonio. The loan included additional advances for tenant improvements and leasing commissions. Scott Botsford of MetroGroup Realty Finance secured the financing on behalf of the borrower, Dornin Investment Group.