REBusinessOnline

Wood Partners Breaks Ground on 307-Unit Alta Midtown North Apartments in Dallas

DALLAS — Wood Partners, a multifamily development firm with offices around the country, has broken ground on Alta Midtown Park, a 307-unit apartment community located in the Vickery Meadow area of Dallas. The property will offer a mix of studio, one- and two-bedroom units with high-end appliance packages. Amenities will include a pool with tanning ledges, outdoor kitchen area, fitness center, conference room and a sky lounge with views of downtown Dallas. Completion is scheduled for early …

Olympus Property, RSE Capital Acquire 303-Unit Carrington Oaks Apartments in Buda, Texas

BUDA, TEXAS — A partnership between Fort Worth-based investment firm Olympus Property and RSE Capital Partners has acquired Carrington Oaks, a 303-unit apartment community located in the Central Texas city of Buda. Built in 2015, the property features one-, two- and three-bedroom units with stainless steel appliances, granite countertops, kitchen islands/breakfast bars and faux wood vinyl flooring. Amenities include a pool with cabanas, a fitness center with a spin room, resident clubhouse, …

Conor Commercial to Develop 197,600 SF Spec Industrial Project in Metro Dallas

MESQUITE, TEXAS — Conor Commercial Real Estate has acquired 12.4 acres in the eastern Dallas suburb of Mesquite for the development of Skyline Commerce Park, a 197,600-square-foot speculative industrial project. The site offers immediate proximity to Interstate 30 and U.S. Highway 80. Skyline Commerce Park will consist of a 135,200-square-foot building with 32-foot clear heights and a 62,400-square-foot building with 28-foot clear heights, as well as 258 parking spaces and 12 trailer parking …

JLL Brokers Sale of 141,200 SF Jupiter Business Park in Plano

PLANO, TEXAS — JLL has brokered the sale of Jupiter Business Park, a 141,200-square-foot light industrial park in the northern Dallas suburb of Plano. Built on 8.1 acres, the property was 88 percent leased at the time of sale. Stephen Bailey of JLL represented the seller, Berkeley Partners, in the transaction. Campbell Roche, Steve Heldenfels and Jarrod McCabe of JLL placed acquisition financing for the buyer, locally based investment firm MoxieBridge, through Grant Street Funding. The loan …

Finial Group Negotiates 15,000 SF Industrial Lease in Houston

HOUSTON — Finial Group has negotiated a 15,000-square-foot industrial lease at 12989 Market Street Road in Houston. Jason Gibbons and Doc Perrier of Finial Group represented the landlord in the lease negotiations. According to LoopNet Inc., the property was built in 1982. The representative of the tenant, truck repair shop AM PM Diesel Services Inc., was not

M2G Ventures Begins Work on 640,000 SF Industrial Development at Fort Worth’s AllianceTexas

FORT WORTH, TEXAS — M2G Ventures has begun construction on North Quarter 35, a 640,000-square-foot industrial development within the AllianceTexas master-planned community in Fort Worth. The Class A project will deliver an undisclosed number of buildings with cross-dock, rear-load and front-load configurations. Stream Realty Partners will handle leasing of the new buildings, completion of which is slated for the fourth quarter of 2020. GSR Andrade is the project architect, and FCL Builders …

Black Creek Group Breaks Ground on 569,000 SF Industrial Project in Fort Worth

FORT WORTH, TEXAS — Black Creek Group, a Denver-based investment and development firm, has broken ground on a 569,000-square-foot industrial project within Carter Logistics Center in Fort Worth. The project will deliver three buildings with 32-foot clear heights, 180-foot truck court depths and proximity to Interstates 35 and 20. The buildings will range in size from 88,000 to 250,000 square feet and will be divisible down to 30,000 square feet to accommodate multiple tenants. Construction is …

Hartman Income REIT Acquires Three Office Buildings Totaling 254,234 SF in Houston

HOUSTON — Hartman Income REIT, a private real estate investment trust, has acquired a portfolio of three office buildings totaling 254,234 square feet in Houston. The first property is a 102,893-square-foot building located at 1400 Broadfield Blvd. in the Energy Corridor area. The second asset is an 83,760-square-foot property located at 16420 Park 10, and the third property is a 67,581-square-foot building located at 7915 FM 1960 in northwest Houston. The three properties were 55.2 percent …

Hall Group Opens 183-Room Boutique Hotel in Dallas Arts District

DALLAS — Locally based developer Hall Group has opened the HALL Arts Hotel, a luxury boutique hotel located in the Dallas Arts District. Designed by HKS Architects, the property features a 183 guest rooms, 19 suites, a restaurant and lounge, rooftop pool, fitness center, contemporary art collection and more than 6,000 square feet of meeting and event space. The property is the first hotel to open in the

CBRE Arranges Acquisition Financing for 166-Unit Multifamily Asset in Metro Austin

CEDAR PARK, TEXAS — CBRE has arranged an undisclosed amount of permanent acquisition financing for The View at Cedar Park, a 166-unit multifamily community located on the northern outskirts of Austin in Cedar Park. The property was completed in 2017 and features amenities such as a pool, fitness center, business center and a dog park. Benjamin Roelke and Ian Walker of CBRE arranged the loan, which carried a five-year term and a fixed interest rate, through an undisclosed life company on …

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