Texas

CBRE Arranges $142M Sale of Veterans Affairs Outpatient Clinic in Austin

by Taylor Williams July 18, 2023

AUSTIN, TEXAS — CBRE has arranged the $142 million sale of a 272,636-square-foot outpatient facility in Austin that is fully leased to the U.S. Department of Veterans Affairs. The two-story building was originally constructed in 2013. Services offered at the clinic include physical therapy, mental health counseling, radiation treatments, prosthetic replacements, cardiology and neurology. Will Pike, Lee Asher, Brian Pfohl, Cyrus Felfeli and Jordan Selbiger of CBRE represented the seller, Health Care Property Advisors, in the transaction. The buyer was not disclosed.

July 18, 2023

Development Industrial Self-Storage Texas

2GR Equity, Connell Realty Complete 570-Unit Self-Storage Facility in Waxahachie, Texas

by Taylor Williams July 18, 2023

WAXAHACHIE, TEXAS — A joint venture between two locally based firms, 2GR Equity and Connell Realty Services Inc., has completed construction of Cardinal Self Storage, a 570-unit facility located in the southern Dallas suburb of Waxahachie. Dallas-based Lone Star Self Storage will operate the 76,000-square-foot facility, which is located at the corner of State Highway 77 and Cardinal Road. Merriman Anderson Architects designed the project, and Simmons Bank provided construction financing.

July 18, 2023

Leasing Activity Office Texas

Omega Transactions Corp. Signs 4,055 SF Office Lease in Houston

by Taylor Williams July 18, 2023

HOUSTON — Omega Transactions Corp., a provider of electronic payment solutions, has signed a 4,055-square-foot office lease at 5858 Westheimer Road in Houston. According to LoopNet Inc., the eight-story building was constructed in 1981 and totals 130,104 square feet. John Zivley of Partners Real Estate represented the tenant in the lease negotiations. Kevin Nolan and Kurt Kitsler of Colliers represented the landlord, TCP Spectrum Partners Ltd.

July 18, 2023

Build-to-Rent Loans Single-Family Rental Texas

JLL Arranges $255M Credit Facility for Single-Family Rental Developer in Texas

by Taylor Williams July 17, 2023

DALLAS — JLL has arranged a $255 million credit facility for SimplyHome, a developer of single-family rental properties whose holdings encompass more than 10,000 units across 100 submarkets. Colby Mueck, Matthew Putterman, Laura Brown and Davis Burnett of JLL secured the credit facility though Churchill Real Estate. Upon close, the facility refinanced an initial portfolio of homes located in the Houston, Dallas-Fort Worth, San Antonio and Bryan/College Station markets.

July 17, 2023

Acquisitions Retail Texas

STRIVE Negotiates Sale of 13,563 SF Retail Strip Center in Richmond, Texas

by Taylor Williams July 17, 2023

RICHMOND, TEXAS — Dallas-based investment sales brokerage firm STRIVE has negotiated the sale of Waterview Town Center, a 13,563-square-foot retail strip center in Richmond, a southwestern suburb of Houston. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, a Houston-based developer, in the transaction. Additional terms of sale were not disclosed.

July 17, 2023

Acquisitions Healthcare Texas

Partners Real Estate Brokers Sale of 12,521 SF Ambulatory Surgery Center in Houston

by Taylor Williams July 17, 2023

HOUSTON — Partners Real Estate has brokered the sale of a 12,521-square-foot ambulatory surgery center in Houston. According to LoopNet Inc., the single-tenant property at 444 FM 1959 was built in 1995 and offers 103 parking spaces. Ryan McCullough, Connor Watson, Cary Latham and Wyatt Huff of Partners represented the seller, Ellington Properties LLC, in the transaction. Additional terms of sale were not disclosed.

July 17, 2023

Leasing Activity Office Texas

REOC San Antonio Secures 5,300 SF Office Lease Extension

by Taylor Williams July 17, 2023

SAN ANTONIO — REOC San Antonio has secured a 5,300-square-foot office lease extension at 555 E. Ramsey Road in San Antonio. According to LoopNet Inc., the property was built in 1997 and totals 26,738 square feet. Blake Bonner of REOC San Antonio represented the landlord in the lease negotiations. Jamie Bracken of Cushman & Wakefield represented the tenant, Automated Logic Corp, a provider of automated building systems.

July 17, 2023

Industrial Leasing Activity Texas

Dents Dun Rite Signs 5,280 SF Industrial Lease in Euless, Texas

by Taylor Williams July 17, 2023

EULESS, TEXAS — Automotive repair services provider Dents Dun Rite Inc. has signed a 5,280-square-foot industrial lease in Euless, located in the northern-central part of the metroplex. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Euless Industrial LLC, in the lease negotiations. The representative of the tenant was not disclosed.

July 17, 2023

Leasing Activity Office Texas

Waste Connections Signs 116,817 SF Office Lease Renewal, Expansion in Metro Houston

by Taylor Williams July 14, 2023

THE WOODLANDS, TEXAS — Waste Connections US Inc. has signed an office lease renewal and expansion in The Woodlands, about 30 miles north of Houston. The publicly traded waste management company now occupies 116,817 square feet across five and a half floors at 3 Waterway Square, an 11-story building located within The Woodlands Town Center mixed-use development. Jason Whittington of Partners Real Estate represented the tenant in the lease negotiations. Robert Parsley, Norman Munoz and Jillian Fredericks with Colliers represented the landlord, The Howard Hughes Corp.

July 14, 2023

Acquisitions Multifamily Seniors Housing Texas

JLL Arranges Sale of 105-Unit Seniors Housing Property in Broken Arrow, Oklahoma

by Taylor Williams July 14, 2023

BROKEN ARROW, OKLA. — JLL has arranged the sale of Prairie House, a 105-unit seniors housing property located in the Tulsa suburb of Broken Arrow. Prairie House was built in 2016 and features 73 assisted living units, ranging from studio to two-bedroom units, and 32 studio memory care units. Charles Bissell, Zach Brantley and Hope Brunner of JLL represented the seller, Prevarian Senior Living, in the transaction and procured the buyer, an entity doing business as TUL ALF 3 LLC. Legend Senior Living, an affiliate of the buyer, will operate the community. The price was not disclosed.

July 14, 2023

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