REBusinessOnline

FourPoint Brokers Sale of 372-Unit Ethos Apartments in South Austin

AUSTIN, TEXAS — FourPoint Investment Sales Partners has brokered the sale of Ethos Apartments, a 372-unit multifamily community in Austin. Built in 2014, the property offers one-, two- and three-bedroom units. Amenities include a pool, business center, fitness center, walking trails, a clubhouse, pet play area and outdoor picnic areas. Kevin Dufour and Kyle Peco of FourPoint represented the undisclosed seller in the transaction. Bluestone Properties, a Los Angeles-based investment firm, …

Pearlstone Partners to Develop 113-Unit Multifamily Project in Austin

AUSTIN, TEXAS — Pearlstone Partners will develop Cascade Condominiums, a 113-unit multifamily project that will be located in the heart of historic Old West Austin. Designed by Mark Hart Architecture, the property will house two commercial units and offer amenities such as a pool, fitness center, coworking space and a resident clubhouse. Bartlett Cocke served as the general contractor for the project, and Austin-based Prospect Real Estate is the listing agent. Presales are expected to begin …

Navistar Signs 360,000 SF Industrial Lease Renewal in West Dallas

DALLAS — Navistar (NYSE: NAV), an Illinois-based truck and bus manufacturer, has signed a 360,000-square-foot industrial lease renewal at 4038 Rock Quarry Road in Dallas. According to LoopNet Inc., the property spans 27.2 acres and is located on the city’s west side. John Gorman and Jim Brice of Holt Lunsford Commercial represented the landlord, Gateway Clark, in the lease negotiations. Dan McGillicuddy, Tom McCarthy and Elizabeth Jones of JLL represented the

Marcus & Millichap Arranges Sale of 42-Site Manufactured Housing Property in South Houston

HOUSTON — Marcus & Millichap has arranged the sale of Coachlite Mobile Home Park, a 42-site manufactured housing community located at 7114 Dixie Drive on the south side of Houston. The property spans 113,692 square feet. Jeff Taylor and Will Shealy of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested

Hills Café to Open 2,810 SF Breakfast Restaurant in Metro Dallas in December

LEWISVILLE, TEXAS — Hills Café will open a 2,810-square-foot breakfast and lunch restaurant at Castle Hills Village Shops in the northern Dallas suburb of Lewisville. The opening is slated for December. Dan Looney and Nick Miller internally represented the landlord, locally based developer Bright Realty, in the negotiations for the 10-year lease. Hunt Kim and James Lee of JLB R&I represented the

Ziegler Arranges $131.4M Bond Financing for Development of Stevenson Oaks Senior Living Community in Fort Worth

FORT WORTH, TEXAS — Ziegler has arranged $131.4 million in bond financing for the development of Stevenson Oaks, a planned senior living community in Fort Worth. The property will feature 172 independent living units as well as an assisted living center with 40 assisted living units and 24 memory care units.The community will be situated within Tavolo Park, a new master-planned commercial and residential project in the southwest portion of the city. The surrounding Tavolo Park development …

ZOM Living Sells 376-Unit Kinstead Apartment Community in Metro Dallas

MCKINNEY, TEXAS — Florida-based ZOM Living has sold Kinstead, a 376-unit apartment community located in the northern Dallas metro of McKinney. The property features studio, one- and two-bedroom units and amenities such as two pools, a 24-hour fitness center, outdoor grilling stations, a game room and a pet park. Brian O’Boyle Jr. and Brian Murphy of Newmark Knight Frank represented ZOM Living in the all-cash transaction. The buyer was a fund sponsored by CBRE Global

Marcus & Millichap Negotiates Sale of 224-Unit Northshore Place Apartments in Portland, Texas

PORTLAND, TEXAS — Marcus & Millichap has negotiated the sale of the 224-unit Northshore Place Apartments, located outside of Corpus Christi. The property was built on 13 acres in 2019 and features one- and two-bedroom units with stainless steel appliances, granite countertops and walk-in closets. Amenities include a pool, outdoor fire pits and a clubhouse with a kitchen and billiards. Kent Myers of Marcus & Millichap represented the seller, a locally based developer, and procured the …

Colliers Provides Fannie Mae Acquisition Loan for 128-Unit Apartment Community in Seguin, Texas

SEGUIN, TEXAS — Colliers Mortgage has provided an undisclosed amount of Fannie Mae acquisition financing for 10Forty8 Modern Living, a 128-unit apartment community located in the San Antonio suburb of Seguin. The property was built in 1973 and consists of two 16-story buildings and a single-story leasing office. Amenities include a pool, fitness center, outdoor grilling area and onsite laundry facilities. Colliers originated the loan, which carried a 10-year term and a 30-year amortization …

Safespill Leases 54,869 SF of Industrial Space in South Houston

HOUSTON — Safespill, a provider of fire protection services, has signed a full-building, 54,869-square-foot industrial lease at 1900 Crosspoint Ave. on the south side of Houston. According to LoopNet Inc., the freestanding building was built in 1981 and consists of 46,393 square feet of warehouse space and 8,476 square feet of office space. Carter Thurmond of Transwestern represented the tenant in the lease negotiations. Robyn Berry and Janae Evans represented the landlord, Evtex Cos., on an …

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