Texas

JLL Arranges $28M Loan for Refinancing, Expansion of Seniors Housing Property in Spring, Texas

by Taylor Williams November 2, 2023

SPRING, TEXAS — JLL has arranged a $28 million loan for the refinancing of The Landing at Augusta Woods, a 148-unit seniors housing community in Spring, a northern suburb of Houston. The community comprises a 120-unit apartment-style complex that provides independent living, assisted living and memory care services, as well as 28 to-be-built independent living, duplex-style cottage units. Zane Sweet, Alanna Ellis, Zach Brantley and Kyle White of JLL arranged the four-year, fixed-to-floating-rate loan from an undisclosed life insurance company. The borrower, Harmony Communities, will use a portion of the proceeds to fund an expansion of the community.

November 2, 2023

Development Industrial Texas

Clay Development Nears Completion of 103,100 SF Industrial Project in Northwest Houston

by Taylor Williams November 2, 2023

HOUSTON — Clay Development is nearing completion of High Life Distribution Center, a 103,100-square-foot industrial project in northwest Houston. The facility sits on an 8.1-acre site at 15930 Tomball Parkway and is part of the 21-acre High Life Business Park, which Clay Development originally began working on in 2010. Building features include 32-foot clear heights, 27 dock doors, two drive-in doors, 2,600 square feet of office space and 61 car parking spots. The building is expected to be ready for occupancy by the end of the year.

November 2, 2023

Acquisitions Multifamily Northmarq Texas

Northmarq Brokers Sale of 32-Unit Apartment Complex in Near Downtown Austin

by Taylor Williams November 2, 2023

AUSTIN, TEXAS — Northmarq has brokered the sale of Cielo at Azulyk, a 32-unit apartment complex in central Austin. The property consists of four two-story buildings on a 2.5-acre site that were built between 1973 and 1986 ad house one- and two-bedroom units. Hayden Schnieders, Will Collier, Jordan Vaughn, Chase Gardner, Diane Sogal and Scott Lamontagne of Northmarq represented the seller, Atlanta-based Zavala Capital Group, in the transaction. Noah Villicana and Cheryl Higley of Northmarq arranged acquisition financing on behalf of the buyer, California-based Mosch Capital, which plans to implement a value-add program.

November 2, 2023

Leasing Activity Restaurant Retail Texas

Poag Development Welcomes Four New Tenants to Metro Houston Shopping Center

by Taylor Williams November 2, 2023

KATY, TEXAS —Poag Development Group has welcomed four new tenants to LaCenterra at Cinco Ranch, a shopping center located in the western Houston suburb of Katy. Confectionary Kilwins is scheduled to open a 1,104-square-foot store before the end of the year. Nando’s will open 2,754-square-foot restaurant in January 2024, followed by the launch of athleisure retailer lululemon in February. Lastly, IKEA will open a 5,500-square-foot store for placing and picking up furniture orders. JLL manages the center.

November 2, 2023

Leasing Activity Office Oklahoma Texas

CBRE Opens 9,891 SF Office at Santa Fe Crossings in Downtown Tulsa

by Taylor Williams November 2, 2023

TULSA, OKLA. — CBRE has opened a 9,891-square-foot office at Santa Fe Crossings, a located at 521 E. 2nd St. in downtown Tulsa. The Dallas-based real estate giant is relocating its Tulsa office from 1437 South Boulder Ave. to the seventh floor of the 134,978-square-foot building. The office is part of CBRE’s WorkPlace360 program and features various social spaces, several individual and group workspaces and a boardroom for large-format internal meetings or presentations with clients and visitors.

November 2, 2023

Acquisitions Texas

JLL Negotiates Sale of 489,310 SF Industrial Building in DeSoto, Texas

by Taylor Williams November 1, 2023

DESOTO, TEXAS — JLL has negotiated the sale of the 489,310-square-foot Building 5 at Southfield Park 35 in DeSoto, a southern suburb of Dallas. Delivered in fall 2022, the building sits on 33.9 acres and features 40-foot clear heights, 185-foot truck court depths, 117 dock doors and parking for 144 trailers (expandable to 194). A partnership between Atlanta-based Seefried Properties and Affinius Capital developed and sold the property to an undisclosed buyer. Trent Agnew, Tom Weber, Pauli Kerr, Parker McCormack, Matthew Barge and Keenan Ryan of JLL brokered the deal.

November 1, 2023

Build-to-Rent Development Single-Family Rental Texas

Wan Bridge Completes 127-Unit Build-to-Rent Residential Project in Metro Dallas

by Taylor Williams November 1, 2023

WAXAHACHIE, TEXAS — Wan Bridge, a Texas-based owner-operator, has completed Sonata Estates, a 127-unit build-to-rent residential project in Waxahachie, a southern suburb of Dallas. The development houses three- to four-bedroom townhomes that range in size from 1,612 to 1,854 square feet. Amenities include a pool and splash pad, playground, outdoor sports courts, covered picnic areas and baseball fields. Residents also have access to onsite maintenance services and a walking path that connects to a nearby park. Rents start at $2,250 per month.

November 1, 2023

Acquisitions Retail Texas

CBRE Arranges Sale of 51,392 SF Vacant Retail Property Near Downtown Austin

by Taylor Williams November 1, 2023

AUSTIN, TEXAS — CBRE has arranged the sale of West Side Village, a 51,392-square-foot retail property located along West 6th Street near downtown Austin. The building, which was constructed on 1.7 acres in 1951, is currently vacant and has redevelopment potential, according to the brokerage team. Brad Bailey and Logan Reichle of CBRE represented the seller, a joint venture between Stonelake Capital Partners and Schlosser Development, in the transaction. The buyer was Austin-based investment firm Riverside.

November 1, 2023

Industrial Leasing Activity Texas

Circle Clothing Signs 37,000 SF Industrial Lease in Sugar Land, Texas

by Taylor Williams November 1, 2023

SUGAR LAND, TEXAS — Circle Clothing has signed a 37,000-square-foot industrial lease in the southwestern Houston suburb of Sugar Land. The textile manufacturer is taking space at Sugar Land Corporate Center, an 88,200-square-foot building that is situated within a larger master-planned development. Jim Pratt of Colliers represented the tenant in the lease negotiations. Jarret Venghaus and Jordan Raney of JLL represented the landlord, Prologis.

November 1, 2023

Acquisitions Industrial Texas

Apricus Realty Capital Buys 31,750 SF Industrial Outdoor Storage Facility in Houston

by Taylor Williams November 1, 2023

HOUSTON — Dallas-based Apricus Realty Capital has purchased a 31,750-square-foot industrial outdoor storage facility in northwest Houston. The site at 12400-12402 Taylor Road spans five acres and houses two buildings, as well as a paved concrete yard for construction materials storage and distribution. Apricus acquired the property in a joint venture with Baltimore-based ABR Capital Partners. The seller and sales price were not disclosed.

November 1, 2023

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