LIBERTY HILL, TEXAS — New York City-based Andover Properties has completed a 137-unit self-storage expansion project at its Storage King facility located at 14774 W. State Highway 29 in Liberty Hill, about 35 miles north of Austin. The project increased the facility’s existing volume of climate-controlled space by 20,201 net rentable square feet, or 75 percent. The expansion also created options for boat and RV storage, with spaces ranging in size from 12 x 40 feet to 12 x 25 feet.
HOUSTON — Senior Living Investment Brokerage (SLIB) has arranged the sale of Treemont Health Care Center, a 112-bed seniors housing property in Houston. Built in 1974, the 39,058-square-foot community sits on approximately 1.3 acres and offers 42 assisted living beds and 70 skilled nursing beds The buyer was a local seniors housing owner-operator, and the seller was a regional owner-operator. Vince Viverito, Matt Alley, Jason Punzel, Brad Goodsell and Jake Anderson of SLIB brokered the deal.
HOUSTON — Finial Group has negotiated a 10,000-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 8550 Fallbrook Drive was constructed in 2020 and totals 90,000 square feet. Andrew Bischoff and Tyler Holt of Finial Group represented the tenant, Buckeye Cleaners, in the lease negotiations. The name and representative of the landlord were not disclosed.
HOUSTON — Law firm Fahl & Donaldson PLLC has signed a 5,316-square-foot office lease renewal at 801 Louisiana St. in downtown Houston. According to LoopNet Inc., the eight-story, 105,145-square-foot building was constructed in 1979 and renovated in 2009. Ryan Hartsell of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Trey Miller of Boxer Property represented the landlord.
TULSA, OKLA. — A public-private partnership between Pennrose and the Tulsa Housing Authority (THA) will develop 36N, a $190 million, 545-unit mixed-income residential project. The partnership will redevelop the existing 271-unit Comanche Park Apartments and construct an additional 274 units from the ground up as part of a larger revitalization initiative known as Envision Comanche. The development will also feature single-family homes and a mix of commercial and civic uses, including a grocery store, urban farm and a wilderness area. Vertical construction for Phase I of 36N will begin later this summer, with full completion slated for 2028.
HOUSTON — Atlanta-based multifamily investment and development firm Cortland has acquired a 288-unit property in Houston’s River Oaks neighborhood. Villas River Oaks offers one- and two-bedroom units that range in size from 625 to 1,200 square feet. Amenities include a pool, clubhouse, fitness center, lounge, community garden and outdoor grilling and dining stations. The seller was international investment firm Heitman. The sales price was not disclosed. The new ownership will implement a value-add program and rebrand the property as Cortland River Oaks.
AMARILLO, TEXAS — Adolfson & Peterson (AP) Construction has completed the Potter County District Courts Building, a 158,250-square-foot civic project in Amarillo. Designed by HOK Group Inc., the new building houses courtrooms, a jury assembly area and county offices, as well as courtroom in-custody holding and records storage spaces. Additional security enhancements include a separate sheriff’s access area with a vehicle sally port, as well as separate access points for judges and other elected officials. Construction began in March 2021.
HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has sold a two-building, 52,781-square-foot industrial flex property in southwest Houston. The property at 10849-10899 Kinghurst Drive was built on 4.5 acres in 1981 and was fully leased at the time of sale. Jason Scholtz and Jason Tangen with Colliers represented Partners Capital in the transaction. The buyer and sales price were not disclosed.
FRIENDSWOOD, TEXAS — AA Gymnastics Academy has signed a 10,355-square-foot retail lease at Baywood Plaza Shopping Center in Friendswood, a southwestern suburb of Houston. The tenant is backfilling a space formerly occupied by CVS. Kelly Hutchinson of Colliers represented the landlord, MDDS Properties, in the lease negotiations. The tenant was self-represented.
EL PASO, TEXAS — The El Paso City Council has approved a proposal to develop an $80 million concert venue and has formed a public-private partnership with the operator, Colorado-based hospitality firm Venu (formerly known as Notes Live). The site spans 17 acres of city-owned land and will anchor the Cohen Entertainment District on the city’s northeast side. The venue will be known as Sunset Amphitheater and will have a seating capacity of 12,500. The City of El Paso is providing $30.6 million in performance-based incentives under the terms of the partnership deal. Construction is set to begin this fall and to be complete in 2026. Venu is also planning to open a $220 million concert venue in the northern Dallas suburb of McKinney.