SAN ANTONIO, TEXAS — Agape Northwest Housing has sold the 248-unit Dove Valley Ranch apartment complex to Dove Valley Associates for an undisclosed amount. The property is located at 4980 USAA Blvd. in San Antonio. Amenities include a business center, a clubhouse and a pool. Mike Miller of Hendricks & Partners' San Antonio office represented the seller.
Texas
HOUSTON — Behringer Harvard has purchased the 392-unit Uptown Post Oak from a private party for an undisclosed amount. The property is located on a 4.4-acre parcel at 1111 Post Oak Blvd. in Houston's Uptown district. Amenities include a resort-style pool, a coffee bar, an athletic club and an Internet lounge.
SAN ANTONIO, TEXAS — Atlanta-based TriTex Real Estate Advisors has sold the 134-unit Jackson Square apartment complex to HDC Hill Country Equities of Austin, Texas, for an undisclosed amount. The property is located at 2500 Jackson Keller Road in San Antonio. Hendricks & Partners' Will Caruth represented the seller.
SAN ANTONIO, TEXAS — Commerce Capital Partners has purchased the 124-unit Turtle Creek Vista from C.T. Cummings for $4.5 million. The apartment complex is located at 3629 Medical Drive in San Antonio. Turtle Creek is 90 percent occupied and features a 5,000-square-foot clubhouse, a pool and a fitness center. Jerry Tenge and Shannon Selby of Colliers International's Phoenix office represented the buyer. KW Commercial's Nathan Cardon represented the seller.
KAY AND HOUSTON — Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry of Holliday Fenoglio Fowler's Houston office have closed two multifamily transactions in Texas. The team represented Allied Realty Services and GE Capital Real Estate in their sale of The Retreat at Cinco Ranch to JRK Property Holdings for an undisclosed amount. The 268-unit property is located at 3306 S. Fry Road in Katy. The team also represented Trammell Crow Residential in the sale of the 230-unit Alexan Upper Kirby to Invesco Real Estate for an undisclosed amount. The property, which is 99 percent leased, is located at 2300 Richmond Ave. in Houston.
AUSTIN, TEXAS — Lodging Capital Partners and Syndicated Equities Group have borrowed a $56 million loan for the Four Seasons Austin. Messa West Capital provided the financing through its Messa West Real Estate Income Fund II; Blackstone Real Estate Debt Strategies also provided a mezzanine loan. Cushman & Wakefield Sonnenblick-Goldman's Mark Gordon and Jared Kelso arranged the loan with the assistance of Elizabeth Kogen of JMB Financial Advisors.
HOUSTON — Nabors Corporate Services has signed a 3-year lease renewal with Parkway Properties for 205,000 square feet of office space. The space is located in One Commerce Green in Houston. Nabors occupies more than 60 percent of the property.
HOUSTON — Gloria Parrino of Betz Commercial Brokerage has represented an undisclosed landlord in two leases in the Legacy Park Office Center, which is now fully occupied. The 48,139-square-foot property is located at 10940 W. Sam Houston Parkway in Houston. Strayer University, represented by Cushman & Wakefield's Louis Christopher and Kevin Saxe, leased the entire 16,782-square-foot second floor. Elliott Group, represented by RE/MAX Grand's Julie Sawyer, leased 8,991 square feet.
HOUSTON — Cronheim Mortgage's Andrew Stewart and Lisa McMahon completed a loan modification for Woodlake Townhomes that includes a paydown of $3 million. The 315-unit property is located at 2600 Westerland Drive in Houston. The modification also includes a reduction in the interest rate and a 68-month extension on the loan's interest-only period.
DALLAS — TR Pinnacle Corp. has renewed a 177,750-square-foot industrial lease to FedEx Smartpost in Dallas. The property is located at 4121 Pinnacle Point Drive. Corbin Crews of CB Richard Ellis represented TR Pinnacle in the lease.