FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 3,343-square-foot office lease at Mallick Tower in downtown Fort Worth. The 90,000-square-foot building was originally constructed in 1968. Vic Meyer and Jake Neal with Holt Lunsford Commercial represented the undisclosed landlord in the lease negotiations. The representative of the tenant, Prima Title Group, was also not disclosed.
HOUSTON — Envolve Communities, an Alabama-based multifamily owner-operator, has received $24.8 million in financing for the acquisition and rehabilitation of Coral Hills Apartments, a 172-unit affordable housing complex in Houston. Built in 1973, the property consists of 16 two-story buildings that house one- and two-bedroom units that are reserved for households earning 30, 50 or 60 percent or less of the area median income. The financing includes $14.6 million in Low-Income Housing Tax Credit equity, which was provided by Hunt Capital Partners, as well as $11.8 million in construction financing from M1 Bank. Bellwether Enterprise Real Estate Capital also provided a $6.7 million permanent loan.
LAREDO, TEXAS — Marcus & Millichap has brokered the sale of Budget Self Storage, a 199-unit facility located in the Rio Grande Valley city of Laredo. The facility was built in 1970 and totals 25,600 net rentable square feet. Jon Danklefs of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity.
SAN ANTONIO — JLL has arranged a 33,301-square-foot office lease at 8700 Tesoro Drive in San Antonio. The building, known as Onyx at the Airport, sits on 9.3 acres just north of Loop 410 between Broadway and Nacogdoches streets. Meredith Muecke Howard and Robert McDonough of JLL represented the landlord, Windmill Investments, in the lease negotiations. Andrew Price and Daniel Wall of CBRE represented the tenant, tech education company Codeup Inc.
SAN ANTONIO — Partners Real Estate has negotiated a 30,493-square-foot industrial lease at 4441 Centergate St. in San Antonio. According to LoopNet Inc., the property was built in 1979 and totals 67,391 square feet. Kyle Kennan of Partners represented the tenant, HVAC contractor Texas Chiller Systems, in the lease negotiations. Colin McLellan with Llano Realty represented the landlord, an entity doing business as EDG Centergate LLC.
FORT WORTH, TEXAS — Sanara MedTech has signed an 8,938-square-foot lease renewal and expansion at Summit Office Park in Fort Worth. The square footage by which the medical equipment manufacturer’s footprint increased was not disclosed. Andy Goldston with Citadel Partners represented the tenant in the lease negotiations. Jake Neal, Vic Meyer and Matt Carthey of Holt Lunsford Commercial represented the landlord, Albany Road.
HOUSTON — A joint venture between Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners (HCP) has acquired the 153-room Courtyard by Marriott Houston Hobby Airport. The joint venture acquired the property, which is located just two miles from the airport, as part of a $137.3 million portfolio deal that comprised 16 Marriott-branded hotels totaling 2,155 rooms across nine states. Al Calhoun and Mark Fair of CBRE represented the seller, Massachusetts-based REIT Service Properties Trust, in the portfolio sale.
MAGNOLIA, TEXAS — SVN | J. Beard Real Estate — Greater Houston has arranged the sale of Renaissance Center, a 92,724-square-foot shopping center located in Magnolia, roughly 44 miles northwest of Houston. Tenants at the property, which is anchored by Brookshire Brothers and was 95 percent leased at the time of sale, include Woodforest National Bank, Petsense and Anytime Fitness. An undisclosed buyer purchased the center from a private seller. Matt Knagg and Brittany Jameson of SVN | J. Beard Real Estate represented the seller and buyer, respectively, in the transaction.
SHAWNEE, OKLA. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 60-bed seniors housing property located on the eastern outskirts of Oklahoma City. The 31,000-square-foot property was built in 2013 and offers memory care services. Rod Llanos of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record .
SAN ANTONIO — Partners Capital, the investment arm of Houston-based Partners Real Estate, has sold Blanco Crossing, a 22,606-square-foot shopping center in San Antonio. The center was built in 2002 and houses tenants such as Sake Cafe Sushi Bar & Grill, Kennedy’s Bar, Blanco Crossing Veterinary and The Mailing Spot. Philip Levy and Jack Newman of Marcus & Millichap represented Partners Capital, which originally acquired the asset in 2022, in the transasction. The buyer was an undisclosed, locally based private investor.