FORT WORTH, TEXAS — CBRE|UCR has completed a new retail lease in Fort Worth on behalf of Eatzi’s Market & Bakery. The eatery signed a lease for an end cap space at the University Park Village Shopping Center located one block south of I-30. CBRE|UCR’s Greg Pierce and Ryan May handled site selection for Eatzi’s and represented the restaurant in the lease transaction with Simon Property Group, the landlord, which was represented in-house by Greg Vlahos. The Dallas-based chain, which already has retail locations in Plano, Grapevine, Highland Park and Uptown/Oak Lawn, expects to open the new Fort Worth store in late 2016 or early 2017. The company opened its first retail location in 1996. Eatzi’s Market & Bakery is a European-style eatery with dishes including grilled meats and seafoods, sushi, sandwiches and salads, deli meats and cheeses, pastries, desserts, beer and wine.
SAN ANTONIO — Berkadia has secured $15.7 million in financing for The Parq on the Boulevard, a multifamily property located at 5655 UTSA Blvd. in San Antonio. Andy Hill of Berkadia’s Austin office secured the loan through Berkadia’s Freddie Mac program. The borrower, Mosaic Marq LP, will use the seven-year, floating-rate financing for the acquisition of the property. Loan terms include two years of interest-only payments followed by a 30-year amortization schedule. The Parq on the Boulevard is a 208-unit property that features one-, two- and three-bedroom floor plans. Community amenities include a pool with a tanning deck, barbeque grills, fitness center, pet park and a business center. Situated on more than 11 acres, the property was 94 percent occupied at the time of closing.
MIDLAND, TEXAS — Marcus & Millichap has arranged the sale of Town and Country Shopping Center, a 92,956-square-foot retail property located in Midland. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Levy also secured the buyer, a private investor. Town and Country Shopping Center is located on a 9.3-acre site at 1000 N. Midkiff Road. The property is 88 percent occupied and all leases are triple net. Furr’s Cafeteria, Dollar Tree and Planet Fitness anchor the center. Major retailers in the immediate area include Subway, Sonic, McDonald’s, Hastings, Payless ShoeSource, Dollar General, Gold’s Gym, Lack’s Furniture, Comet Cleaners, Allstate Insurance, Quiznos and Advance Auto Parts.
FRISCO, TEXAS — Public Storage has opened its newest facility in Frisco, a suburb north of Dallas. Public Storage is opening more than 1,000 self-storage spaces on five acres in what is its first location in Frisco. Public Storage is located at 8433 Legacy Drive and will serve the community with climate-controlled self-storage units. Additional drive-up and more budget-friendly units without climate control are also available. The facility is located just off the Dallas North Tollway. The new self-storage facility has a brick exterior and the property manager will live at the location.
AUSTIN, TEXAS — Cortland Partners has entered the Austin market with the acquisition of City View Apartments, a 308-unit apartment complex near downtown Austin. Atlanta-based Cortland Partners has been seeking the opportunity to expand its Texas portfolio into Austin, and the company has regional offices in both Dallas and Houston. City View Apartments is located in Austin’s Southeast submarket at 4900 E. Oltorf Drive. Cortland Partners plans to renovate City View.
HOUSTON — Holly Minter, David Schwarz and Tip Strickland of ARA Newmark have closed a seven-year CMBS loan with a fixed interest rate and full-term interest-only payments on behalf of Momentum Real Estate Partners for the acquisition of Provenza at Barker Cypress Apartments in Houston. The Class A, 318-unit multifamily community was built in 2014 and offers one-, two- and three-bedroom apartment units.
STILLWATER, OKLA. — Progress Builders has selected Greystar Student Living to manage Progress405, a new apartment development in Stillwater. The 544-bed student housing community will be located at 1520 N. Boomer Road at the cross streets of Boomer Road and Bennett Drive. The new development is within walking distance of the Oklahoma State University campus and Boone Pickens Stadium. Progress405 will include one-, two- and four-bedroom apartment homes ranging in size from 548 to 1,640 square feet. Units will be fully furnished and will feature private bedrooms and bathrooms. Interior finishes will include quartz countertops, stainless steel appliances and wood-style plank flooring. The project’s community amenities will include a clubhouse with a lobby fireplace, study areas with Wi-Fi, a fitness center with locker rooms and showers, tanning beds, an entertainment lounge with billiards tables, sand volleyball court, a zero-entry swimming pool and a sun deck with cabanas and grilling stations. The pet-friendly community is close to Stillwagon Dog Park and Boomer Lake. Construction is expected to be completed by fall 2016.
HOUSTON — IronEdge Group, a Houston-based technology consulting firm and IT services provider, has signed a lease for 13,008 square feet of office space. The new office, which is located at 3000 Wilcrest Drive in Houston, will be the firm’s new corporate headquarters. Rob Johnson of Lee & Associates-Houston represented IronEdge Group in the lease transaction. Randi Carrabba of Client 1st represented the landlord, Jeffrey Westchase LLC.
HOUSTON — Houston-based Baker Katz has completed a four-acre land acquisition on behalf of Momentum Indoor Climbing. This will be Momentum Indoor Climbing’s first Houston location. The property is located at the intersection of Kingsland Boulevard and Katy Mills Parkway. The 36,000-square-foot facility will feature a rock climbing surface with 50-foot climbing walls, as well as fitness and yoga areas. Ben Brown of Baker Katz represented Momentum Indoor Climbing in the transaction. Simpkins Group’s William Stacy represented the seller. The opening is slated for summer 2016.
AMARILLO, TEXAS — Marcus & Millichap has arranged the sale of Lakeview North & South Apartments, a 253-unit apartment property located in Amarillo. John Barker and Mark Allen of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Barker and Allen also secured the buyer, another limited liability company. Lakeview North & South Apartments is located at 1600 Dale St. The complex consists of one- and two- bedroom units with an average size of 715 square feet. The property has 42 buildings total.