SAN ANTONIO — A partnership between Maryland-based Choice Hotels International and Denver-based HighSide Cos. has broken ground on a 115-room EverHome Suites hotel in San Antonio. The site is located at 619 Hunt Lane on the city’s west side, and the hotel will feature apartment-style rooms that will include fully equipped kitchens and spa-style bathrooms. Construction is slated for a late 2025 completion. The partnership also plans to open five other EverHome Suites hotels in Texas in 2025.
PASADENA, TEXAS — Harbor Freight Tools has signed a 20,810-square-foot retail lease in Pasadena, an eastern suburb of Houston. The California-based hardware and home improvement retailer is backfilling a space formerly occupied by Goodwill. Jeff Scarborough of Scarborough Commercial Real Estate represented Harbor Freight in the lease negotiations. Bob Conwell represented the landlord, locally based developer NewQuest Properties, on an internal basis. The store is expected to open before the end of the year.
ANNA, TEXAS — Locally based developer Palladium USA has completed a $64 million multifamily project in the northern Dallas suburb of Anna. Palladium East Foster Crossing comprises 239 apartments on an eight-acre site. The four-story building houses one-, two- and three-bedroom units. Amenities include a pool, fitness center, conference center, dog park, computer lounge, children’s playroom and clubroom with a mini kitchen. HEDK Architects designed the community, and BBL Construction served as the general contractor. To finance the project, the Anna Public Facilities Corp. issued $33 million in tax-exempt bonds that were purchased by Cedar Rapids Bank and Trust. PNC Bank also provided $27 million in equity for the project.
DALLAS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $10.8 million acquisition loan for Sam Moon Center, a 126,513-square-foot retail property located at 11814 Harry Hines Blvd. in North Dallas. The shopping center was built in 2003. Robert Bhat of MMCC arranged the financing through an undisclosed local bank on behalf of the borrower, which also requested anonymity. The loan carried a 7 percent interest rate, 10-year term, 25-year amortization schedule and 12 months of interest-only payments.
DALLAS — Solender/Hall, a brokerage firm that specializes in helping nonprofits, has negotiated the sale of a 63,000-square-foot office building located at 9696 Skillman St. in northeast Dallas. The buyer, nonprofit organization Dallas Metrocare Services, plans to use the three-story building to provide mental health services, housing and homeless assistance. The building will also house a pharmacy and healthcare clinic for military families. BBH Capital Investments sold the property for an undisclosed price.
ALLEN, TEXAS — CapturePoint LLC, a provider of carbon management services, has signed a 27,317-square-foot office lease renewal and expansion in Allen, a northeastern suburb of Dallas. CapturePoint now occupies roughly half of the building at 1101 Central Expressway S. via 17,212 square feet on the first floor and 10,105 square feet on the second floor. Kent Smith of NAI Robert Lynn represented the tenant in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services represented the landlord.
SPRING, TEXAS — Cushman & Wakefield has negotiated a 12,078-square-foot retail lease in the northern Houston suburb of Spring. The tenant, interactive entertainment concept Activate Games, is taking space within Grogan’s Mill shopping center for its second location in the Houston area. Eric Lestin and Michael Burgower of Cushman & Wakefield represented Activate Games in the lease negotiations. Adam Bluestein of Global Fund Investments represented the undisclosed landlord.
SAN MARCOS, TEXAS — Illinois-based Inland Private Capital Corp. (IPC) has sold Uptown Square, a 512-bed student housing property located in the Central Texas city of San Marcos. Built in 2015, the 316-unit property serves students at Texas State University and features studio, one- and two-bedroom floor plans. Amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a dog park. Uptown Square is 91 percent preleased in advance of the 2024-2025 academic year. Peter Katz of Institutional Property Advisors, a division of Marcus & Millichap, represented Inland in the transaction. Greystar purchased the property for an undisclosed price.
COTULLA, TEXAS — General contractor Leyendecker Construction has begun the renovation and expansion of the high school campus of the Independent School District (ISD) of Cotulla, which is located about 90 miles southwest of San Antonio. Designed by Pfluger Architects, the project will be executed in two phases and will bring the total square footage of the campus, which was originally built in 1957, to 137,000 square feet. Completion is slated for late 2026. The project is being financed by a $65 million bond that was approved in May 2022. The Cotulla ISD serves about 1,200 students, and roughly 400 pupils attend the high school.
SACHSE, TEXAS — Locally based developer PMB Capital Investments has signed four new food-and-beverage users to leases at The Station, a mixed-use development located on the northeastern outskirts of Dallas in Sachse. Deals are now in place with pizza concept Cane Rosso (3,000 square feet), Nation’s Giant Hamburgers (2,500 square feet), Chipotle Mexican Grill (2,325 square feet) and Starbucks (2,225 square feet). All restaurants are expected to be open by next spring. PMB Capital is also nearing completion of the redevelopment of Heritage Park, which will bring an amphitheater, custom-designed playground, pavilion, splash pad, event lawn and boardwalk to the community.