IRVING, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Irvingate Center, a 29,962-square-foot retail center in Irving. The property was 86 percent leased at the time of sale. Hudson Lambert and Jason Vitorino of STRIVE exclusively represented the Dallas-based seller and procured the buyer, a California-based investor, in the transaction. Additional terms of sale were not disclosed.
HOUSTON — Locally based brokerage firm Finial Group has negotiated a 9,750-square-foot industrial lease renewal at 13014 Brittmoore Park Drive in Houston. According to LoopNet Inc., the single-tenant property was built in 2006. John Buckley and Doc Perrier of Finial Group represented the undisclosed landlord in the lease negotiations. The tenant was automotive parts and services provider Serious HP.
NEW BRAUNFELS, TEXAS — Arizona-based developer Empire Group will develop Village at Mayfair, a 215-unit build-to-rent residential project that will be located in the northeastern San Antonio suburb of New Braunfels. The site spans 19.7 acres within Mayfair, a 1,900-acre master-planned development. The project will feature a variety of floor plans, with residences ranging in size from 680 to 1,300 square feet. Homes will be furnished with stainless steel appliances, quartz countertops, walk-in closets and various pieces of smart technology. Residents will have access to amenities such as a pool, fitness center, spa, clubhouse, dog park and outdoor grilling and dining stations. Construction is set to begin in the fourth quarter, with the first homes expected to be available for occupancy by late 2024.
SPICEWOOD, TEXAS — Dallas-based investment firm Hinze Capital has acquired a 222-unit self-storage facility in Spicewood, about 30 miles northwest of Austin. Spicewood Super Storage totals 83,510 net rentable square feet and includes spaces for boat and RV storage. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of self-storage brokerage firm Versal represented the Houston-based seller in the transaction. The team also procured Hinze Capital as the buyer.
WEST TAWAKONI, TEXAS — Marcus & Millichap has brokered the sale of Valor Storage, a 180-unit self-storage facility in West Tawakoni, located about 50 miles east of Dallas. The property was built in 2000 and spans 20,400 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a Dallas-based private investor, in the transaction. The duo also procured the Austin-based buyer. Both parties requested anonymity.
SAN ANTONIO — Sodalis Senior Living has purchased Sodalis at Stone Oak, a 63-unit assisted living and memory care complex in San Antonio. Sodalis is the current operator at the facility, which was built in 2017. The unit mix consists of 42 assisted living residences and 21 memory care units. Evans Senior Investment brokered the transaction. The seller and sales price were not disclosed. At the time of sale, Sodalis at Stone Oak was 95 percent occupied.
THE WOODLANDS, TEXAS — SVN | J. Beard Real Estate – Greater Houston, a locally based brokerage firm, has arranged the sale of Spring Hill Business Park, a 60,000-square-foot industrial flex property located about 30 miles north of Houston in The Woodlands. Neal King of SVN | J. Beard represented the sellers, both of which were local limited liability companies, in the transaction. The buyer was a private partnership. All parties involved in the deal requested anonymity.
HOUSTON — Atlanta-based investment firm MDH Partners has acquired a 603,389-square-foot industrial facility in Houston. Completed in 2023, the facility is situated within the 36.9-acre, 3.3 million-square-foot South Belt Central Business Park on the city’s south side. Building features include 36-foot clear heights, an ESFR sprinkler system and parking for 442 cars and 196 trailers. Trent Agnew, Charles Strauss and Tom Weber with JLL represented the undisclosed seller in the transaction. Georga Rowe represented MDH Partners on an internal basis.
HOUSTON — Locally based brokerage firm NewQuest Properties and Red Oak Commercial have negotiated the sale of Virtuo Med Center Apartments, a 326-unit multifamily community in Houston. The property was built on 6.4 acres in 2020. Units come in studio, one- and two-bedroom units that range in size from 509 to 1,189 square feet. Amenities include a pool, fitness center, business center, private dining area, coffee bar and a podcast room. Glenn Dickerson and Brad LyBrand of NewQuest represented the undisclosed seller in the off-market transaction. The buyer, a private investor based in the Northeast, was also not disclosed.
SUGAR LAND, TEXAS — Partners Real Estate has brokered the sale of a 50,000-square-foot cold storage facility located within Sugar Land Business Park on the southwestern outskirts of Houston. According to LoopNet Inc., the property at 12501 Cardinal Meadow Drive was built in 2000. Chris Caudill of Partners and John Ferruzzo of Transwestern jointly represented the seller, Mainna Investments LP, in the transaction. Will Austin of Bridge Commercial represented the buyer, Gearment Investment LLC.