Tuesday, August 19, 2025
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Texas

Firestone-El-Paso
AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 5,798 SF Retail Building Leased to Firestone in El Paso

by Taylor Williams

EL PASO, TEXAS — Marcus & Millichap has brokered the sale of a 5,798-square-foot retail building located at 12312 Eastlake Blvd. in El Paso that is leased to Firestone on a triple-net basis. The building was constructed on 1.3 acres in 2023. Don McMinn of Marcus & Millichap’s Taylor-McMinn Retail Group in Atlanta represented the seller in the all-cash transaction. The buyer was a California-based 1031 exchange investor. Both parties requested anonymity. McMinn commented, “This is our 13th Firestone closing and we just brought out two more in Orlando, Fla. and Lincoln, Neb. Despite the ample net lease inventory on the market and limited buyer pool, quality net lease inventory remains in short supply and high demand.”

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Hotel-Granduca-Austin
DevelopmentHospitalityTexas

Pacific Hospitality to Renovate 194-Room Hotel Granduca in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — California-based investment and management firm Pacific Hospitality Group will renovate the 194-room Hotel Granduca in northwest Austin. The project includes the addition of a new spa, an overhaul of the restaurant and bar and renovations to the pool deck and lobby. The design and construction team consists of interior design firm Hotel Studio, McCabe Architecture, Digney York Associates and PHG. The hotel will remain open during renovations, which will begin in June and are expected to be complete in the fall.

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LoansMultifamilyTexas

MMCC Arranges $23M Acquisition Loan for Northwest Dallas Multifamily Property

by Taylor Williams

DALLAS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $23 million acquisition loan for Maravilla, a 310-unit apartment community in northwest Dallas. According to Apartments.com, the property was built in 1967 and offers studio, one-, two- and three-bedroom units that range in size from 450 to 1,350 square feet. Amenities include multiple pools, a clubhouse, pet park, playground, soccer field and outdoor grilling and dining stations. Ralph Rader of MMCC arranged the 10-year, fixed-rate loan on behalf of the buyer, a partnership led by Granite Towers Equity Group. Maravilla was 99 percent occupied at the time of sale.

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Leasing ActivityOfficeTexas

United Football League Signs 19,768 SF Office Lease in Bedford, Texas

by Taylor Williams

BEDFORD, TEXAS — The United Football League (UFL), the entity created by the merger of semi-professional football leagues XFL and USFL, has signed a 19,768-square-foot office lease in the central metroplex city of Bedford. The building at 3301 Airport Blvd. spans 69,556 square feet, and the space will house the operations of two of the league’s eight teams, the San Antonio Brahmas and Michigan Panthers. Dean Collins of Cushman & Wakefield represented the UFL in the lease negotiations. Trevor Brown and Theron Bryant of Transwestern represented the landlord, SkyWalker Property Partners.

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IndustrialLeasing ActivityTexas

Oxford Partners Negotiates 17,250 SF Industrial Lease in Metro Houston

by Taylor Williams

KATY, TEXAS — Locally based brokerage firm Oxford Partners has negotiated a 17,250-square-foot industrial lease in the western Houston suburb of Katy. According to LoopNet Inc., the building at 4245 Clay Business Drive was constructed in 2001. Stephen Hazen, John Harris and Rob Adams of Oxford Partners represented the tenant, Perdomo Distribution, in the lease negotiations. Lina Chow of RE/MAX Fine Properties represented the landlord, ARK Real Estate Management LLC.

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AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 16,000 SF Industrial Building in South Houston

by Taylor Williams

HOUSTON — Partners Real Estate has brokered the sale of a 16,000-square-foot industrial building in South Houston. According to LoopNet Inc., the building at 12311 Amelia Drive was built on three acres in 1965 and features 30-foot clear heights and two drive-in doors. Braedon Emde and Travis Land of Partners represented the buyer, an entity doing business as SMI Holdings LLC, in the transaction. Boomer White of CBRE represented the undisclosed seller.

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Stream-Industrial
AcquisitionsDevelopmentIndustrialTexas

Stream Realty Partners Acquires Two Industrial Development Sites Totaling 40.7 Acres in Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has acquired two industrial development sites totaling 40.7 acres in Houston. The first parcel spans 24.4 acres and is located at the intersection of Kirby Drive and North Spectrum Boulevard on the city’s south side.  The second site totals 16.3 acres and is located near the intersection of I-45 and State Highway 99 on the city’s north side. Stream plans to develop speculative facilities on both sites, with construction kicking off later this year. Justin Robinson, Tyler Wellborn, Craig McKenna and Kyle Fletcher of Stream sourced and negotiated the acquisition of the first site. Grant Wisenbaker of Stream handled the purchase of the second site in conjunction with Robinson, Wellborn and McKenna.

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Texan-26-Austin
AcquisitionsMultifamilyStudent HousingTexas

Bascom Group Buys 204-Bed Student Housing Property Near UT Austin

by Taylor Williams

AUSTIN, TEXAS — California-based private equity firm The Bascom Group has acquired Texan 26, a 204-bed student housing property near the University of Texas at Austin. The 53-unit complex was built in 2014 on a lot that is adjacent to campus. Tyler Marshall and Richard Waterhouse of Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. Bascom Group was self-represented. Ben Roelke and Ian Walker of Newmark arranged acquisition financing through Bridge Investment Group for the off-market deal.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 82,675 SF Industrial Building in Midland, Texas

by Taylor Williams

MIDLAND, TEXAS — Colliers has brokered the sale of an 82,675-square-foot industrial building in the West Texas city of Midland. The site at 5500 N. County Road spans 40 acres, and the building, which was constructed in 2007 and renovated in 2013, features 32-foot clear heights, 19 overhead doors and 8,600 square feet of office space. Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed. The building was fully leased at the time of sale to steel fabricator NG Resources Corp.

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AcquisitionsHospitalityTexas

Marcus & Millichap Arranges Sale of 66-Room Holiday Inn Hotel in San Antonio

by Taylor Williams

SAN ANTONIO — Marcus & Millichap has arranged the sale of the 66-room Holiday Inn Express & Suites San Antonio South. The hotel was built on a 1.9-acre site on the city’s south side in 2008 and offers a pool, fitness center and a business center. Allan Miller of Marcus & Millichap represented the seller, a limited liability company, in the transaction and procured a private investor as the buyer. Both parties requested anonymity. Chris Gomes of Marcus & Millichap was also listed on the deal as a supporting broker.

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