Texas

Apparel, Accessories Provider Signs 1 MSF Industrial Lease in Wilmer, Texas

by Taylor Williams January 18, 2023

WILMER, TEXAS — An undisclosed American multinational firm that provides apparel, footwear and accessories has signed a 1 million-square-foot industrial lease at Southport Logistics Park in Wilmer, a southern suburb of Dallas. The unnamed tenant will occupy the entirety of Building 3 at the 252-acre development, which is owned by Chicago-based Logistics Property Co. Features of the cross-dock, speculatively built facility include 40-foot clear heights, 354 car parking spaces (expandable to 724) and 164 trailer parking spaces (expandable to 197). Seth Kelly, Dan Estes and Nathan Lawrence of CBRE represented the tenant in the lease negotiations. Kacy Jones and John Hendricks, also with CBRE, represented Logistics Property Co.

January 18, 2023

Acquisitions Industrial Oklahoma Self-Storage Texas

Marcus & Millichap Arranges Sale of 754-Unit Self-Storage Facility in Norman, Oklahoma

by Taylor Williams January 18, 2023

NORMAN, OKLA. — Marcus & Millichap has arranged the sale of Cambridge Mini Storage, a 754-unit self-storage facility in Norman, located south of Oklahoma City. The facility totals 87,700 net rentable square feet. Bryan Quaschnick, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the locally based seller in the transaction and procured a Dallas-based private partnership as the buyer. Both parties requested anonymity.

January 18, 2023

Acquisitions Multifamily Seniors Housing Texas

SLIB Negotiates Sale of 132-Unit Skilled Nursing Facility in Sherman, Texas

by Taylor Williams January 18, 2023

SHERMAN, TEXAS — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Homestead of Sherman, a 132-bed skilled nursing facility in Sherman, approximately 65 miles north of Dallas. The community spans 39,211 square feet and sits on five acres. A Dallas-based private partnership sold the property to a Fort Worth-based owner-operator for an undisclosed price. Matthew Alley and Ryan Saul of SLIB brokered the deal.

January 18, 2023

Acquisitions Multifamily Texas

SPI Advisory Acquires 120-Unit Park Place Apartments in Hurst, Texas

by Taylor Williams January 18, 2023

HURST, TEXAS — Texas-based investment firm SPI Advisory has acquired Park Place Apartments, a 120-unit multifamily complex located in the northern-central metroplex city of Hurst. Built in 1978, the property offers one- and two-bedroom units and amenities such as a pool, tennis court, basketball court and outdoor grilling and dining areas. The seller and sales price were not disclosed. SPI Advisory plans to implement a value-add program.

January 18, 2023

Leasing Activity Retail Texas

CarSquad Opens 21,000 SF Dealership in Metro Houston

by Taylor Williams January 18, 2023

KATY, TEXAS — CarSquad, a sister brand of Florida-based preowned car dealership Off Lease Only, has opened a 21,000-square-foot lot at the northwest corner of I-10 and U.S. Highway 99 in the western Houston suburb of Katy. The dealership houses an array of cars, trucks, vans and sport utility vehicles and also features kiosks on the sales floor. CarSquad built the facility but leased the land from Smithco. CBRE negotiated the ground lease.

January 18, 2023

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sales of Three Dallas-Area Multifamily Properties Totaling 377 Units

by Taylor Williams January 17, 2023

DALLAS, HURST AND ARLINGTON, TEXAS — Marcus & Millichap has brokered the sales of three multifamily properties totaling 377 units in the Dallas area. The properties sold for a combined $36.6 million. Park Place totals 120 units and is located in the northern-central metroplex city of Hurst, while Twenty Oaks comprises 86 units and is located in nearby Arlington. The Francisco, which is situated about five miles from downtown Dallas, totals 171 units. Al Silva and Ford Braly of Marcus & Millichap represented the sellers and buyers, all of which requested anonymity, in all three transactions.

January 17, 2023

Acquisitions Hospitality Texas

Hunter Hotel Advisors Negotiates Sale of Two San Antonio Properties Totaling 277 Rooms

by Taylor Williams January 17, 2023

SAN ANTONIO — Hunter Hotel Advisors has negotiated the sale of two Marriott-branded properties in San Antonio. The Courtyard by Marriott and Fairfield Inn & Suites SeaWorld/Westover Hills feature a combined 277 rooms and are located on the city’s west side. An undisclosed, institutional investment firm sold the hotels to Florida-based IRAS Group for an undisclosed price. David Perrin of Hunter Hotel Advisors represented the seller in the transaction.

January 17, 2023

Acquisitions Loans Office Texas

CBRE Arranges Acquisition Financing for 143,831 SF Office Complex in San Antonio

by Taylor Williams January 17, 2023

SAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for Network Crossing, a 143,831-square-foot office complex in northwest San Antonio. Network Crossing consists of five buildings that were 85 percent leased at the time of the loan closing. Brock Hudson and Beau Brehm of CBRE arranged the five-year, fixed-rate loan on behalf of the borrower, Houston-based investment firm Fuller Interests. The direct lender was not disclosed.

January 17, 2023

Brookhollow-Riverside-Grand-Prairie-Texas

Acquisitions Office Texas

SkyWalker Property Partners Sells 119,121 SF Office Building in Grand Prairie, Texas

by Taylor Williams January 17, 2023

GRAND PRAIRIE, TEXAS — SkyWalker Property Partners has sold Brookhollow Riverside, a 119,121-square-foot office building in the central metroplex city of Grand Prairie. Tom Strohbehn and Scott Farber of Younger Partners represented the seller in the transaction. Houston-based Silver Creek Realty Advisors purchased the building for an undisclosed price via a 1031 exchange. SkyWalker Property Partners originally purchased the building, which was 90 percent leased at the time of sale, in 2006.

January 17, 2023

Acquisitions Retail Texas

Kobalt Investment Acquires 74,670 SF Shopping Center in The Woodlands, Texas

by Taylor Williams January 17, 2023

THE WOODLANDS, TEXAS — Dallas-based Kobalt Investment Co. has acquired Creekside Park Village Green, a 74,670-square-foot shopping center in The Woodlands, about 30 miles north of Houston. Built in 2014, the center was 88 percent leased at the time of sale to tenants such as Fielding’s Local, Crust Pizza, Levure Bakery & Patisserie, Club Pilates and Cyclebar. The seller and sales price were not disclosed.

January 17, 2023

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