CONROE, TEXAS — Colliers has brokered the sale of a 43,200-square-foot, single-tenant industrial building in Conroe, about 40 miles north of Houston. The site spans 9.9 acres and fronts I-45. Michelle Soderberg of Colliers represented the seller, an entity doing business as JMBG Ltd., in the transaction. Wade Nelson of Nelson Properties represented the buyer, Spring Glass & Mirror Ltd., which will use the building as its new headquarters. The sales price was not disclosed.
ARLINGTON, TEXAS — Lee & Associates has negotiated a 26,082-square-foot industrial lease in Arlington. According to LoopNet Inc., the building at 2030 E. Arbrook Blvd. was constructed in 2019 and totals 75,712 square feet. Reid Bassinger and Michael Lee of Lee & Associates represented the tenant, US Elogistics Service Corp., in the lease negotiations. Mark Graybill, also with Lee & Associates, represented the landlord, Mississippi-based EastGroup Properties Inc.
LUBBOCK, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 19,410-square-foot retail building in the West Texas city of Lubbock. The building, which was constructed in 2011 on the city’s southeast side, is fully leased to Tractor Supply Co. Jason Vitorino and Adam Gottschalk of STRIVE represented the seller, a Texas-based private investor, in the transaction. Additional terms of sale were not disclosed.
SAN ANTONIO — JLL has arranged the sale of Connection Park Logistics Center, a 490,083-square-foot distribution center in San Antonio. Completed earlier this year, Connection Park Logistics Center sits on 42.2 acres and features 36-foot clear heights, six ramped doors and 348 trailer and car parking spaces. Trent Agnew and Josh Villarreal of JLL represented the seller, Houston-based Triten Real Estate Partners, in the transaction and procured the buyer, CAPSTAR Real Estate. Jarrod McCabe and Blake Jones, also with JLL, arranged an equity partnership between CAPSTAR Real Estate and an undisclosed investor and secured a floating-rate, interest-only acquisition loan from Prime Finance for the buyer.
DENTON, TEXAS — Vesper Holdings has acquired 33 North, a 427-bed student housing community located near the University of North Texas in Denton. Built in 2013, the mid-rise property offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a pool, fitness center, study lounge, clubroom, gaming centers, package lockers and an outdoor kitchen. The property was acquired in an off-market transaction, the terms of which were not disclosed. Vesper plans to implement capital improvements to the community’s clubhouse, fitness center and pool area. Technological upgrades will also be implemented throughout the property, which will be managed by Vesper’s in-house management firm, Campus Life & Style.
DALLAS — Miami-based developer Resia, formerly known as AHS Residential, has begun leasing a 336-unit, garden-style apartment community in West Dallas. Resia Dallas West features one-, two- and three-bedroom units, including 17 affordable housing residences, across eight three-story buildings. All units feature private balconies or patios. Amenities include a pool, fitness center and a business center. Fifth Third Bank and Pealmark provided construction financing for the project. Rents start at $1,280 per month for a one-bedroom unit.
LEAGUE CITY, TEXAS — Cushman & Wakefield has brokered the sale of Sorrento at Tuscan Lakes, a 204-unit apartment community located in the southeastern Houston suburb of League City. Built in 2008, the property offers one-, two- and three-bedroom units and amenities such as a pool, business center, coffee bar, fitness center, game room, multiple lounges and courtyards and a pet play area. John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, New York City-based Sachs Cos., in the transaction. The buyer and sales price were not disclosed.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 21,000-square-fooot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the property at 1515 Monetary Lane was built in 1980 and totals 116,579 square feet. Adam Graham and Nathan Denton Lee & Associates represented the landlord, GID Industrial, in the lease negotiations. Rich Young Jr. of Rich Young Co. represented the tenant, Binford Supply Co.
ARLINGTON, TEXAS — Newmark has arranged the sale of Maverick Place, a 382-bed student housing community located near the University of Texas at Arlington campus. The garden-style community offers a mix of one-, two- and four-bedroom units (117 total) with bed-to-bath parity. Shared amenities include a 24-hour fitness center, clubhouse, pool, game room, cybercafé and a dog park. Ryan Lang, Jack Brett and Ben Harkrider of Newmark represented the sellers in the transaction. Jordan Roeschlaub, Dustin Stolly, Ben Roelke, Ian Walker and Trent Houchin, also with Newmark, arranged an undisclosed amount of acquisition financing on behalf of the buyer, Axonic Properties LLC.
LEAGUE CITY, TEXAS — Cushman & Wakefield has brokered the sale of Amalfi at Tuscan Lakes, a 328-unit apartment community located in the southeastern Houston suburb of League City. Built in 2008, the property offers one-, two- and three-bedroom units and amenities such as a pool, business center, coffee bar, fitness center, game room, multiple lounges and courtyards and a pet play area. John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, New York City-based Sachs Cos., in the transaction. The buyer and sales price were not disclosed.