SAN MARCOS, TEXAS — Marcus & Millichap has arranged the sale of Blanco River Lodge, a class A, 186-unit multifamily property located at 1650 River Road in San Marcos. Joe James and Kent Myers of Marcus & Millichap’s Austin office arranged the transaction on behalf of the seller, a regional developer. James and Myers also secured the buyer, a partnership.
HOUSTON — Waterton Associates LLC has acquired Villas at Hermann Park, a 320-unit apartment complex in Houston near Hermann Park and the Texas Medical Center. Located on Almeda Road, just south of Houston’s Midtown neighborhood, the community offers one-, two- and three-bedroom units across 12 four-story buildings, as well as two parking garages. Amenities at Villas at Hermann Park include in-unit laundry rooms, private patios and balconies, access gates, a pool, two outdoor kitchens with grilling stations, a clubhouse, 24-hour fitness center, business center and two conference rooms. Waterton plans to make improvements to the community’s common areas and residential units, including kitchen and bathroom upgrades, and the addition of fenced-in backyards for 55 ground-level units.
COLLEGE STATION, TEXAS — Satterfield & Pontikes Construction has completed a $7 million renovation of Texas A&M University’s Francis Hall. The building will house the school’s construction science department’s 900 students and 30 faculty members. Francis Hall was built in 1918 and spans 32,500 square feet. The renovated Francis Hall includes specialty labs, classrooms, a 120-room auditorium, exhibit hall, student lounge, conference room and administrative suites. Brown Reynolds Waterford Architects provided design services for the project.
ARLINGTON AND MANSFIELD, TEXAS — Capital Square Realty Advisors LLC has acquired a portfolio of two medical office buildings located in the Dallas suburbs of Arlington and Mansfield. Both properties are 100 percent leased to Arlington Orthopedic Associates. The two-story Arlington building is located at 800 Orthopedic Way and includes 37,100 square feet of space. Built in 2003, the property is adjacent to Baylor Surgicare at Arlington, one block south of Pioneer Parkway and two miles north of I-20. The facility includes general exam rooms, imaging services, physical therapy space and features a carriage porch entrance for patient delivery and departures. The Mansfield property is located at 2801 E. Broad St. and includes 12,560 square feet of medical office space. The single-story building was developed in 2012 on the campus of the 168-bed Methodist Mansfield Medical Center. The facility houses imaging and physical therapy services and is accessible via State Routes 287 and 360.
HOUSTON — HFF has arranged the sale of the Aloft Houston Galleria, a 152-key boutique hotel near the Galleria in Houston. HFF marketed the property on behalf of the seller, HEI Hotels & Resorts (HEI). HEI will continue to manage the property. The select-service hotel is situated on nearly an acre at 5415 Westheimer Road, less than one mile from I-610. Built in 2009, the five-story Aloft by Starwood-branded hotel has 112 king, 30 double queen, five accessible king and five accessible queen guest rooms. The pet-friendly hotel features an indoor heated pool, a 24-hour fitness center, the camp Aloft program for kids aged two to 12, and 500 square feet of meeting space. Dan Peek, John Bourret, Colby Mueck and Austin Brooks of HFF represented HEI.
HOUSTON — Q10 Kinghorn, Driver, Hough, & Co. has secured a $3.3 million, 10-year Fannie Mae loan with a 4.3 percent fixed rate for Bristol Court Apartments located in west Houston. The property includes 164 units and is 99 percent occupied. Q10 KDH is a Texas-based full service commercial mortgage banking company that arranges financing for developers and owners of commercial real estate.
PEARLAND, TEXAS — Marcus & Millichap has arranged the sale of Pearland Boat & RV Storage, a 97,560-square-foot self-storage facility located in Pearland. Dave Knobler and Justin Miller of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Houston-based private investor. Roger Hendricks of the firm’s Dallas office represented the buyer, a limited liability company. Pearland Boat & RV Storage is located at 3600 Old Chocolate Bayou.
SAN ANTONIO — Capital One Multifamily Finance has provided a $63.3 million fixed-rate Freddie Mac loan for the acquisition of Artessa at Quarry Village, a 280-unit luxury apartment community in San Antonio. Brian Sykes of Capital One originated the transaction. Intercontinental Real Estate purchased the property and granted Capital One the rights to represent Freddie Mac. Completed in 2009, Artessa is located in Alamo Heights, located six miles from downtown San Antonio. Artessa offers one-, two-, and three-bedroom units, and was 95 percent occupied as of October 2014. The property features ground-floor retail space, which includes 27 retail suites. The fixed-rate loan has a 10-year term with 10 years of interest-only payments.
HOUSTON — NAI Partners has arranged the lease of 4,000 square feet of office space at 1500 S. Dairy Ashford in Houston. Drew Crawford of NAI Partners represented the landlord, Aque Investment Group, while Wyatt McCulloch and Lucian Bukowski o CBRE represented the tenant.
ROCKWALL, TEXAS — Vanguard Real Estate Advisors, a Dallas-based real estate advisory firm, has arranged the sale of the Rockwall Commons office building. The property is located in the Dallas suburb of Rockwall. Jordan Cortez of Vanguard marketed the asset on behalf of an affiliate of the seller, Tabani Group. Bowman Investment Group LLC was the buyer. The Class A property was built in 2008 in conjunction with the Rockwall Commons mixed-use development, which includes a 202-unit luxury apartment community and retail suites located along Ridge Road, 1.5 miles north of I-30. The building was 100 percent leased at the time of sale to a mix of national and local tenants. The buyer assumed an existing CMBS loan as part of the transaction.