Texas

RangeWater Real Estate Breaks Ground on 154-Unit Build-to-Rent Community in San Antonio

by Taylor Williams September 13, 2022

SAN ANTONIO — Atlanta-based developer RangeWater Real Estate has broken ground on Caliza at the Loop, a 154-unit build-to-rent residential community that will be situated on a 16.5-acre site in San Antonio. Homes will come in three-bedroom formats and will average 1,600 square feet in size. Amenities will include a pool, outdoor grilling areas, a fitness center, playground and a business center. The first move-ins are scheduled for May 2023. RangeWater will manage the property under its Storia brand.

September 13, 2022

Silver-Lake-Village-Bartlesville-Oklahoma

Acquisitions Oklahoma Retail Texas

Stan Johnson Co. Negotiates $15.3M Sale of Shopping Center in Bartlesville, Oklahoma

by Taylor Williams September 13, 2022

BARTLESVILLE, OKLA. — Locally based brokerage firm Stan Johnson Co. has negotiated the $15.3 million sale of Silver Lake Village, an 87,750-square-foot shopping center in Bartlesville, located north of Tulsa. The center was fully leased at the time of sale to 12 tenants, with T.J. Maxx, Ross Dress for Less, Petco and Ulta Beauty serving as the anchors. Margaret Caldwell and Patrick Kelley of Stan Johnson Co. represented the seller, Tennessee-based GBT Realty Corp., in the transaction. The buyer was a Florida-based 1031 exchange investor that requested anonymity.

September 13, 2022

Acquisitions Multifamily Seniors Housing Texas

Living Care Lifestyles Sells 75-Unit Seniors Housing Community in Granbury, Texas

by Taylor Williams September 13, 2022

GRANBURY, TEXAS — Living Care Lifestyles, a Seattle-based seniors housing developer and manager, has sold Quail Park of Granbury, a 75-unit community located on the southwestern outskirts of Fort Worth. The property, which was 95 percent occupied at the time of sale, offers independent living, assisted living and memory care services. Charles Bissell and Dean Ferris of JLL represented Living Care Lifestyles in the transaction. Lloyd Jones Senior Living purchased the asset for an undisclosed price.

September 13, 2022

Acquisitions Multifamily Texas

Casoro Group Sells 368-Unit Quinn South at Westchase Apartments in West Houston

by Taylor Williams September 12, 2022

HOUSTON — Austin-based investment firm Casoro Group has sold The Quinn South at Westchase, a 368-unit apartment community in West Houston. The property offers studio, one-, two- and three-bedroom units, and select units feature stainless steel appliances, granite countertops, individual washers and dryers and private patios/balconies. Communal amenities include multiple pools, a tennis court, dog park, fitness center, clubhouse and onsite laundry facilities. Casoro Group acquired the property in 2018 and implemented capital improvements to the unit interiors, building exteriors and amenity spaces. Scott LaMontagne and Justin Chambers of Northmarq brokered the deal. The buyer was not disclosed.

September 12, 2022

Acquisitions Multifamily Texas

Madera Residential Acquires 325-Unit Multifamily Property in Central Houston

by Taylor Williams September 12, 2022

HOUSTON — Lubbock-based Madera Residential has acquired Chelsea Museum District, a 325-unit multifamily property in Central Houston. Built in 2021, the property offers one- and two-bedroom units ranging in size from 412 to 1,632 square feet. Amenities include a pool, fitness center, coworking lounge, speakeasy, dog park, golf simulator and package lockers. Chris Curry, Todd Marix, Jeff Skipworth, Chris Young, Joey Rippel and Kyle Whitney of Berkadia represented the seller, Arizona-based Alliance Residential, in the transaction. Chris Pollard and Jason Rice, also with Berkadia, arranged acquisition financing through an undisclosed direct lender on behalf of Madera Residential.

September 12, 2022

Development Industrial Texas

Alliance Industrial Breaks Ground on 157,450 SF Spec Project in Buda, Texas

by Taylor Williams September 12, 2022

BUDA, TEXAS — Alliance Industrial has broken ground on Corridor Commerce Center, a 157,450-square-foot speculative industrial project that will be located in Buda, a southern suburb of Austin. Designed by Seeberger Architecture, the building will be situated on a 12-acre site along I-35 and will feature 32-foot clear heights, two drive-in doors and a ESFR sprinkler system. Completion is slated for March 2023. Transwestern will lease the property.

September 12, 2022

Acquisitions Multifamily Northmarq Texas

Northmarq Brokers Sale of 116-Unit Multifamily Property in Brownsville, Texas

by Taylor Williams September 12, 2022

BROWNSVILLE, TEXAS — Northmarq has brokered the sale of Casa Grande, a 116-unit multifamily property located in the South Texas city of Brownsville. The community was built in 1973 and features a pool, courtyard and onsite laundry facilities. Zar Haro, Moses Siller, Phillip Grafe and Bryan VanCura of Northmarq represented the seller, Raybec Investments, in the transaction. An Austin-based syndication led by DARE Investing purchased Casa Grande for an undisclosed price. The new ownership plans to implement a value-add program.

September 12, 2022

Acquisitions Development Industrial Texas

Colliers Negotiates Sale of 36,119 SF Warehouse, Land in Palestine, Texas

by Taylor Williams September 12, 2022

PALESTINE, TEXAS — Colliers has negotiated the sale of a 36,119-square-foot warehouse in Palestine, about 110 miles southeast of Dallas. The property sits on a 77-acre site, the undeveloped acreage of which was included in the sale. Steve Demuth and Ray Ver Hey of Staples Commercial Group represented the sellers, private investor Tom Clamon and Baylor University, which respectively own the building and the land, in the transaction. Judy Beebe and Blake Gibson of Colliers represented the buyer, Perfect Life TX LLC, a provider of fragrances and flavors that plans to build a manufacturing plant at the site.

September 12, 2022

Development Multifamily Texas

Equity Residential, Toll Bros. to Develop Three Multifamily Projects Totaling 1,053 Units in Dallas-Fort Worth

by Taylor Williams September 9, 2022

DALLAS — A partnership between two multifamily developers, Chicago-based Equity Residential (NYSE: EQR) and metro Philadelphia-based Toll Brothers (NYSE: TOL) will develop three multifamily projects totaling 1,053 units in the Dallas-Fort Worth metroplex. The Settler will be a 362-unit community in Fort Worth’s River District; Remy, located within Frisco Town Square, will total 357 units; and Lyle will comprise 334 apartments that will be constructed on the north side of Dallas. Each community will feature its own parking garage and Class A amenity package. U.S. Bank is the construction lender on The Settler, and Santander Bank provided construction financing for Remy and Lyle. Construction timelines were not disclosed.

September 9, 2022

Acquisitions Industrial Texas

CBRE Arranges Sale of 281,481 SF Industrial Portfolio in Metro Houston

by Taylor Williams September 9, 2022

SPRING, TEXAS — CBRE has arranged the sale of The Pines Business Park I and II, a portfolio of six industrial buildings totaling 281,481 square feet located in the northern Houston suburb of Spring. Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented the seller, AEW Capital Management, in the transaction. Nuveen Real Estate, a division of The Teachers Insurance & Annuity Association of America (TIAA), purchased the portfolio for an undisclosed price. The buildings were fully leased at the time of sale.

September 9, 2022

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