SAN ANTONIO — Locally based developer AHV Communities has completed Farm Haus, a 142-unit single-family rental project in northwest San Antonio. The development’s two-story duplexes are available in two-, three- and four-bedroom homes that range in size from 1,134 to 1,645 square feet. Homes also include private garages and fenced yards. Amenities include a pool, fitness center, community kitchen, bocce courts, dog park and walking trails. Rents start at $2,070 per month.
SPRING, TEXAS — California-based brokerage firm Hanley Investment Group has negotiated the sale of Stables Town Center I, a 42,800-square-foot shopping center located in the northern Houston suburb of Spring. Walgreens anchors the center, which was built in 2001 and was 53 percent leased at the time of sale. Kevin Fryman of Hanley Investment Group, in conjunction with ParaSell Inc., represented the undisclosed seller in the deal. Houston-based Wu Properties purchased the asset for an undisclosed price.
PLANO, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Jupiter Plaza, an 8,600-square-foot retail strip center located on the northern outskirts of Dallas in Plano. At the time of sale, Jupiter Plaza was fully leased to tenants such as Taqueria Los Angeles, Nancy’s Beauty Salon and Chuck’s Barber Shop. Hudson Lambert of STRIVE represented the California-based seller and procured the Dallas-based buyer in the transaction. Both parties requested anonymity.
SEABROOK, TEXAS — Transwestern Development Co. (TDC) has completed Bayport 146 Distribution Center, a 454,600-square-foot industrial project in Seabrook, about 30 miles southeast of Houston. The site is adjacent to Port Houston’s Bayport Container Terminal. Bayport 146 Distribution Center, which can accommodate a single or multiple tenants, features 36-foot clear heights, 150- to 180-foot truck court aprons and parking for up to 74 trailers. Construction began in April 2022. Transwestern is also marketing the facility for lease on behalf of its developer affiliate.
HOUSTON — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $17.6 million acquisition loan for a portfolio of four industrial properties in Houston. The portfolio includes a fifth property in Cedar Rapids, Iowa, and the quintet of assets totals 229,775 square feet. Frank Montalto and Dean Giannakopoulos of IPA originated the five-year loan, which was structured with a 65 percent loan-to-value ratio and a 25-year amortization schedule. The names of the borrower and direct lender, a local bank, were not disclosed.
ROUND ROCK, TEXAS — Cushman & Wakefield has brokered the sale of Franklin Park of Round Rock, a 76-unit assisted living and memory care community located about 20 miles north of downtown Austin. Completed in 2017 by Franklin Development Co., the property offers memory care and assisted living services. Richard Swartz, Jay Wagner, Jim Dooley and Jack Griffin of Cushman & Wakefield represented the seller, a partnership between Franklin Park Senior Living and an unnamed institutional investor, in the transaction. The buyer was Inspired Healthcare Capital.
HOUSTON — Electrical distribution firm Lightning Inc. has signed a 61,920-square-foot industrial lease renewal in East Houston. According to LoopNet Inc., the building at 2425 Broad St. was built in 1957 and totals 166,440 square feet. Michael Keegan and Andrew Laycock of Partners represented the landlord, an entity doing business as SL5 Urban Industrial GP LLC, in the lease negotiations. Grant Hortenstine and Drew Morris of Savills represented the tenant.
FRIENDSWOOD, TEXAS — Locally based brokerage and investment firm Baker Katz has acquired a 20,000-square-foot freestanding retail building in Friendswood, a southeastern suburb of Houston, with plans to reposition the asset. According to LoopNet Inc., the building at 18980 Gulf Freeway was originally built in 1980 as a pad structure for Baybrook Mall. Ben Brown negotiated the purchase for Baker Katz on an internal basis. The seller and sales price were not disclosed.
AUSTIN, TEXAS — North Texas-based developer Jackson-Shaw has acquired 67 acres at the northeast corner of State Highway 130 and Elroy Road in southeast Austin for the development of a 602,400-square-foot, four-building industrial project. Plumbing and HVAC supplies distributor Ferguson Enterprises has already preleased the entirety of the 207,180-square-foot Building 3. Method Architecture is designing the project, and Burton Construction is serving as the general contractor. AQUILA Commercial has been tapped as the leasing agent. Construction is scheduled to begin in March.
NORTHLAKE, TEXAS — Lee & Associates has negotiated a 506,410-square-foot industrial lease at 4500 Northport Drive in Northlake, located north of the metroplex in Denton County. According to commercialcafé.com, the property was built on 25.4 acres in 2008 and includes 131 parking spaces. Trey Fricke and Reid Bassinger of Lee & Associates represented the landlord, Link Industrial Properties, in the negotiations for the full-building lease. Nathan Lawrence and Krista Raymond of KBC Advisors represented the tenant, Exel Logistics.
