HOUSTON — Wolfies Swim School will open a 16,800-square-foot venue in Houston’s Spring Branch neighborhood this summer. The space at 9336 Westview Drive will house two pools that will be designed to support swimmers of varying ages and experience levels. According to LoopNet Inc., the property was built in 1970, renovated in 2005 and was most recently occupied by 24 Hour Fitness. Harry Holmes and Charlie Neuhaus of Partners represented the tenant in the lease negotiations. The landlord was self-represented.
HALTOM CITY, TEXAS — Marcus & Millichap has brokered the sale of Haltom City Self Storage, a 328-unit facility located on the northern outskirts of Fort Worth. The property was built in 1985 and totals 39,570 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a Dallas-based private investor, in the off-market transaction. The duo also procured a Phoenix-based investment firm as the buyer. Both parties requested anonymity.
SAN ANTONIO — Wisconsin-based investment firm MLG Capital has acquired Springs at Alamo Ranch, a 232-unit apartment community in San Antonio. The 227,000-square-foot, Class A community offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, pet playground and an onsite car care center. MLG Capital plans to implement a value-add program and rebrand the property as Reata Alamo Ranch. The seller was not disclosed.
NORTH RICHLAND HILLS, TEXAS — SPI Advisory, an investment firm with offices in Dallas and Austin, has sold Wood Meadow Apartments, a 222-unit multifamily property located in the Fort Worth suburb of North Richland Hills. Built in 1984 and renovated in 2018, the property offers one- and two-bedroom units and amenities such as a pool, fitness center and courtyards. SPI and its partners acquired Wood Meadow Apartments in 2017. The buyer and sales price were not disclosed.
SAN ANTONIO — Blueprint Healthcare Real Estate Advisors has negotiated the sale of The Inn at Los Patios, a 166-unit independent living and assisted living community in San Antonio. A New York-based private equity group acquired the property for $21 million in an all-cash transaction. Blueprint represented a court-appointed receiver to maximize proceeds for the trustee group and stakeholders involved. The buyer plans to install its Texas-based operator partner to manage the community.
AUSTIN, TEXAS — The Kroger Co. (NYSE: KR) has opened a 70,000-square-foot delivery service center in Austin. The Cincinnati-based grocer signed a six-year lease to occupy one of three buildings at Tuscany Logistics Center, a 373,648-square-foot development on the city’s northeast side. Target (NYSE: TGT) and Diligent Delivery occupy the other two buildings at Tuscany Logistics Center, which is owned by Dallas-based Dalfen Industrial.
SAN ANTONIO — Newmark has arranged the sale of a portfolio of three multifamily properties totaling 828 units in San Antonio. The portfolio spans from north-central to western San Antonio and includes Spice Creek, The Clara and The Maxwell. Matt Michelson of Newmark represented the seller, a partnership between Texas-based Multifamily Acquisition Advisors and California-based Blackhawk Property Holding, in the transaction. Henry Stimler, William Weber, Matt Mense, Ari Schwartzbard and Daniel Sarsfield, also with Newmark, originated Freddie Mac acquisition financing on behalf of the buyer, Harbor Group International.
AUSTIN, TEXAS — CBRE has negotiated the sale of a 550-unit self-storage facility in Austin. Public Storage currently operates the facility, which comprises 52,303 net rentable square feet of climate-controlled space. Nick Walker and Nate Holash led a CBRE team that represented the seller, global investment firm KKR, in the transaction. Utah-based REIT Extra Space Storage purchased the facility for an undisclosed price.
AUSTIN, TEXAS — Stream Realty Partners is nearing completion of Howard 130, a 376,380-square-foot industrial project in northeast Austin. The site spans 29 acres between I-35 and State Highway 130, offering proximity to both The Domain and the downtown area. The development’s three buildings will range in size from 94,400 to 197,980 square feet. Completion is slated for the second quarter.
HOUSTON — Cadeco Industries, a provider of raw coffee processing services, has signed a 258,450-square-foot industrial lease at 1211 Kress St. in Houston. The site spans 10.5 acres and is located just east of the downtown area. Zack Taylor of Colliers represented Cadeco Industries in the negotiations for the full-building lease. Beau Kaleel of Cushman & Wakefield represented the landlord, Merfish Realty.