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DevelopmentMultifamilyTexas

Northland Living Unveils Plans for 35-Story Downtown Austin Multifamily Tower

by Taylor Williams

AUSTIN, TEXAS — Canadian developer Northland Living has unveiled plans for Luminary, a 35-story multifamily tower that will be located at the northwest corner of 14th and Guadalupe streets in downtown Austin. Designed by Page Southerland Page, Luminary will feature 286 condos in one-, two- and three-bedroom floor plans, 4,800 square feet of retail space, one floor of office space and a six-story parking garage. The Luminary will also offer a pool, fitness center and other indoor and outdoor amenities. A construction timeline was not disclosed.

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AcquisitionsMultifamilyTexas

Cravey Real Estate Arranges Sale of 342-Unit Apartment Community in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Locally based brokerage firm Cravey Real Estate Services has arranged the sale of Buccaneer Apartments, a 342-unit multifamily community in Corpus Christi. The property spans 28.7 acres and offers one- and two-bedroom units. Lynann Pinkham of Cravey Real Estate represented the seller, Fuso Investment Inc., in the transaction. The buyer was an entity doing business as Buccaneer Redevelopment LLC. The sales price was not disclosed.

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LoansMultifamilyTexas

JLL Arranges Loan for Refinancing of 224-Unit Apartment Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — JLL has arranged a loan of an undisclosed amount for the refinancing of The Jones, a 224-unit apartment complex in Arlington. The Jones, which was built in 1977 and offers studio, one-, two- and three-bedroom units, is currently undergoing a capital improvement program. Kris Lowe and Kristi Leonard of JLL arranged the floating-rate loan through New York City-based Benefit Street Partners on behalf of the borrower, locally based investment firm WindMass Capital.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Capital Square Nears Completion of 195-Unit Build-to-Rent Residential Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Virginia-based Capital Square is nearing completion of a 195-unit build-to-rent residential project in the North Texas city of Denton. Perch Denton will sit on 18 acres and feature a mix of one-, two- and three-bedroom homes with an average size of 1,005 square feet. Amenities will include a pool, fitness center, business center, dog park, pavilion and a pickleball court. Capital Square is co-developing Perch Denton with Good + West Residential and Montgomery Street Partners. Full delivery is slated for the end of the first quarter.

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AcquisitionsIndustrialTexas

Partners Negotiates Sale of 14,800 SF Industrial Building in Cleveland, Texas

by Taylor Williams

CLEVELAND, TEXAS — Partners Real Estate has negotiated the sale of a 14,800-square-foot industrial building in Cleveland, located about 50 miles northeast of Houston. The site at 699 US Highway 59 S. spans 17.7 acres. The building was constructed in 2007 and features 24-foot clear heights, according to LoopNet Inc. Wyatt Huff and Hunter Stockard of Partners represented the seller and occupant, farm equipment provider Rakesales, in the transaction. Paul Compton of JLA Realty represented the buyer, American Friction Inc.

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DevelopmentMixed-UseTexas

Keystone Group, Larkspur Capital Plan 35-Acre Mixed-Use Redevelopment in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Keystone Group and Larkspur Capital is planning a mixed-use redevelopment project in Fort Worth. The 35-acre site is an assemblage of parcels that includes the former home of the Fort Worth Independent School District. Preliminary plans call for multifamily, hospitality, office, retail, restaurant and entertainment uses, as well as public green space. The partnership has begun demolition of vacant structures and will submit plans to the city’s Planning & Zoning Commission Board later this year, at which time additional project details will be announced.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Urban Moment Nears Completion of 247-Unit Build-to-Rent Residential Project in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Austin-based developer Urban Moment is nearing completion of YardHomes Meadow Lake, a 247-unit build-to-rent residential project in the northern Austin suburb of Round Rock. The development offers one-, two- and three-bedroom units that range in size from 635 to 1,375 square feet and that feature private backyards. Units are furnished with stainless steel appliances, granite countertops, walk-in pantries and keyless entry mechanisms. Amenities include a pool, fitness center, dog park, event lawn and outdoor grilling and dining stations. Preleasing is underway, and the grand opening is slated for February.

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AcquisitionsIndustrialTexas

Creation, Crow Holdings Sell 234,475 SF Industrial Facility in Haltom City, Texas

by Taylor Williams

HALTOM CITY, TEXAS — A partnership between Phoenix-based developer Creation and Crow Holdings Capital has sold Northmark Commerce Center, a 234,475-square-foot industrial facility located in the northern Fort Worth suburb of Haltom City. The cross-dock facility was fully leased to Ryder Integrated Logistics at the time of sale. Completed in 2023, Northmark Commerce Center features 32-foot clear heights, 56 dock doors and parking for 132 cars and 19 trailers. The site also houses a secured drop lot with 104 additional trailer stalls. Jack Fraker, Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsNet LeaseRetailTexas

Secure Net Lease Negotiates Sale of Retail Building Leased to Shake Shack in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Secure Net Lease, a brokerage firm with offices in Dallas and Los Angeles, has negotiated the sale of a retail building in Grand Prairie, located roughly midway between Dallas and Fort Worth. The property is triple-net-leased to Shake Shack. According to LoopNet Inc., the double drive-thru building totals 3,380 square feet. Matthew Scow of Secure Net Lease represented the undisclosed seller in the transaction. Sandi Hunter of Retail Link Associates represented the buyer, which acquired the property via a 1031 exchange.

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AcquisitionsIndustrialTexas

EDGE Realty Negotiates Sale of 14,410 SF Industrial Building in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — EDGE Realty Partners has negotiated the sale of a 14,410-square-foot industrial building located at 14724 Almeda School Road in Pearland, a southern suburb of Houston. According to LoopNet Inc., the single-tenant building was constructed on 2.4 acres in 2019 and features 28-foot clear heights and five dock-high loading doors. Micha van Marcke and Chace Henke of EDGE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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