Texas

MCA Funds $5M Acquisition of Industrial Property in Tyler

by Haisten Willis July 30, 2015

TYLER, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA), a financial intermediary, has raised a $5 million joint venture equity investment to fund the acquisition of a vacant 536,000-square-foot industrial complex in Tyler. The complex was formerly owned and occupied by Carrier Corp., who sold the property after relocating the plant to Monterrey, Mexico. The property was acquired by a Tyler-based partnership sponsored by Buster Fitzgerald and Jerry Tate. After closing on the purchase in May, the new ownership completed a lease with Trane, a provider of HVAC and building management systems. Trane will initially occupy 100,000 square feet of the property with a takedown schedule to eventually occupy the majority of the complex. Scott Lynn and Brandon Wilhite of MCA arranged the $5 million equity investment with Dallas-based Provident Realty Advisors.

July 30, 2015

Loans Multifamily Texas

Mark One Capital Arranges Financing for Multifamily Property in Fort Worth

by Haisten Willis July 30, 2015

FORT WORTH, TEXAS — Mark One Capital has arranged financing for a 52-unit apartment property in Fort Worth. The loan amount was not released. Chris Parker of the firm’s Dallas office arranged the loan. The property, Shadowood Apartments, is located on Calmont Avenue along I-30. The non-recourse loan was structured with a 20-year term and amortizes over 30 years with an interest rate of 3.81 percent. The loan-to-value ratio was 75 percent.

July 30, 2015

Multifamily Texas

Greysteel Arranges Sale of Apartment Complex in Metro Dallas

by Haisten Willis July 29, 2015

IRVING, TEXAS — Greysteel, a Washington, D.C.-based real estate investment services firm, has arranged the sale of Hacienda Serena, a 38-unit garden-style apartment community in Irving. Boyan Radic, Doug Banerjee, Andrew Mueller, and John Marshall Doss of Greysteel served as advisor and agent to Hacienda Serena LLC in the disposition of the multifamily community to I & J – DSI LLC. The recently renovated apartment complex is immediately accessible to public transportation and major commuter thoroughfares such as the Downtown Irving/Heritage Crossing Station of TRE and Highway 183.

July 29, 2015

Industrial Texas

Alliance Architects Completes Design for Industrial Project in Metro Dallas

by Haisten Willis July 29, 2015

FLOWER MOUND, TEXAS — Alliance Architects Inc. has completed a two-building speculative industrial project totaling 584,000 square feet in Flower Mound. Designed for Exeter Property Group, Building 1 comprises 231,754 square feet and Building 2 totals 351,832 square feet. F.A. Peinado provided construction services. The project is located within Lakeside Ranch, a 230-acre business consisting of more than 3 million square feet of primarily industrial space. Alliance Architects has designed multiple buildings in the park totaling nearly 2 million square feet. The master-planned development is located two miles from DFW Airport and features enhanced landscaping and a 30-acre natural area with walking trails. Alliance Architects’ team members include Chad Michel and Scott Franckowiak.

July 29, 2015

Healthcare Hospitality Texas

Ascension Group Architects Completes Behavioral Health Hospital in Metro Houston

by Haisten Willis July 29, 2015

KATY, TEXAS — Ascension Group Architects recently completed Oceans Behavioral Hospital Katy at 455 Park Grove Drive in Katy. The hospital opened to patients in the spring. The 48-bed, 34,274-square-foot behavioral health hospital provides care to adults 55 and older who require inpatient hospitalizations for psychiatric illnesses. The property is located just south of I-10 and Mason Road and is a joint venture between Dallas-based real estate investment and development company SRP Medical and Plano, Texas-based Oceans Healthcare. The property is Oceans’ seventh hospital in Texas and fourth in partnership with SRP. Dallas-based Rogers-O’Brien Construction was the general contractor.

July 29, 2015

Retail Texas

Baker Katz Acquires 4.5-Acre Retail Property in Metro Houston

by Haisten Willis July 29, 2015

ATASCOCITA, TEXAS — Houston-based Baker Katz has acquired a 4.5-acre property located near the cross streets of Farm to Market Road 1960 and West Lake Houston Parkway in Atascocita. The firm plans to renovate two existing buildings at the site totaling 33,000 square feet to update the architecture and attract new tenants. The buildings were originally constructed in 1984. Construction is slated to begin early next year. Jim Bayne with Investar Real Estate Services represented the seller in the transaction.

July 29, 2015

Loans Multifamily Texas

NorthMarq Arranges $18.2M Acquisition Financing for Alexan Trinity in Downtown Dallas

by Haisten Willis July 29, 2015

DALLAS — Jim Hoopes of NorthMarq Capital’s Minneapolis office and Stephen Whitehead of the firm’s Dallas office arranged $18.2 million in acquisition financing for Alexan Trinity, a 167-unit multifamily property located at 333 E. Greenbrier Lane in downtown Dallas. The transaction was structured with a 10-year term and 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. The property features unobstructed views of downtown Dallas.

July 29, 2015

Retail Texas

Japan-Based Daiso to Hold Grand Opening for First Texas Location in Metro Dallas

by Haisten Willis July 28, 2015

CARROLLTON, TEXAS — Japan-based Daiso will be opening its first Texas location Carrollton Town Center, which was developed by NewQuest Properties. The 11,000-square-foot store will open to the public at noon on Friday. Daiso currently operates 3,300 stores worldwide with a total of 44 stores in the United States. The company plans to open 20 stores throughout Texas. Carrollton Town Center is located at 2540 Old Denton Road in Carrollton, a suburb of Dallas. The grand opening will be a weekend-long event. Carrollton Town Center is undergoing a $7 million facelift and will be anchored by a new 99 Ranch Market. In addition to Daiso, the development will feature other prominent Asian restaurants and retailers, such as Gen Korean, Kung Fu Tea and Dan Sung Sa.

July 28, 2015

Office Texas

Regis Property Management Acquires Office Building in Houston

by Haisten Willis July 28, 2015

HOUSTON — Regis Property Management has acquired 770 S. Post Oak Lane, a mid-rise office building located seven miles from downtown Houston and 24 miles from Houston Intercontinental Airport. The six-story building is located in the Galleria area, surrounded by restaurants, hotels and other amenities. Regis Property Management is an affiliate of Pillar Income Asset Management and manages 34 commercial properties comprising more than 6 million square feet of office, warehouse, industrial and retail space. Regis was selected to manage the property portfolios for three publicly traded companies as well as several affiliated and non-affiliated private companies.

July 28, 2015

Industrial Texas

NAI Partners Arranges 18,442 SF Industrial Lease in Houston

by Haisten Willis July 28, 2015

HOUSTON — NAI Partners has arranged lease negotiations for 18,442 square feet of new industrial space at 5175 Ashley Court in Houston. Chris Kugle of NAI Partners represented the tenant, Smart Sensors Inc., a manufacturer of temperature sensors, during the negotiations, while John Ferruzzo represented the landlord, Marwell Properties.

July 28, 2015

Newer Posts

Older Posts