Texas

Fort Capital Acquires 226,663 SF Industrial Portfolio in Euless, Texas

by Taylor Williams July 18, 2022

EULESS, TEXAS — Locally based investment firm Fort Capital has acquired a portfolio of 10 Class B industrial buildings totaling 226,663 square feet in Euless, located in the central part of the Dallas-Fort Worth metroplex. At the time of sale, the portfolio was 98 percent leased to a roster of 36 tenants in industries such as logistics, furniture and fabrication. All of the buildings were constructed between 1964 and 1985, with most construction dates trending toward the latter end of that range. The seller and sales price were not disclosed.

July 18, 2022

Industrial Leasing Activity Texas

Lee & Associates Negotiates 38,353 SF Industrial Lease in Dallas

by Taylor Williams July 18, 2022

DALLAS — Lee & Associates has negotiated a 38,353-square-foot industrial lease at 9755 Clifford Drive in Dallas. According to LoopNet Inc., the building sits on 8.5 acres and totals 114,500 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.

July 18, 2022

Leasing Activity Office Texas

TAS Commercial Construction Signs 10,561 SF Office Lease in Metro Dallas

by Taylor Williams July 18, 2022

FARMERS BRANCH, TEXAS — TAS Commercial Construction has signed a 10,561-square-foot office lease in the northern Dallas suburb of Farmers Branch. The 191,900-square-foot building at 2727 LBJ Freeway offers a conference room, deli and a game room. Adam Toth internally represented the landlord, Boxer Property, in the lease negotiations. Ryan Buchanan of CBRE represented the tenant.

July 18, 2022

Acquisitions Multifamily Texas

Cottonwood Group, Texsun Holdings Acquire 636-Unit Multifamily Portfolio in San Antonio

by Taylor Williams July 15, 2022

SAN ANTONIO — A partnership between private equity firm Cottonwood Group and Dallas-based Texsun Holdings has acquired a 636-unit multifamily portfolio in San Antonio. The two properties that comprise the portfolio, San Mateo Apartments and Heights on Perrin Apartments, are both located on the city’s northwest side. The new ownership plans to implement a $7 million capital improvement program. The seller and sales price were not disclosed.

July 15, 2022

Industrial Leasing Activity Texas

Carolina Beverage Group Signs 493,920 SF Industrial Lease Expansion in Fort Worth

by Taylor Williams July 15, 2022

FORT WORTH, TEXAS — Carolina Beverage Group, which provides manufacturing, packaging and distribution services for the beverage industry, has signed a 493,920-square-foot industrial lease expansion at AllianceTexas in North Fort Worth. The tenant has occupied space at AllianceTexas for nearly a decade and now has a total footprint of 695,124 square feet. Carolina Beverage Group’s new space features 36-foot clear heights, 135-foot truck court depths and ample trailer parking.

July 15, 2022

Acquisitions Multifamily Texas

Stoneweg US Acquires 312-Unit Ashford Apartments in Houston’s Energy Corridor

by Taylor Williams July 15, 2022

HOUSTON —Florida-based investment firm Stoneweg US has acquired Ashford, a 312-unit apartment community in Houston’s Energy Corridor. According to Apartments.com, the property was built in 2017 and features studio, one- and two-bedroom units that range in size from 553 to 1,326 square feet. Amenities include a pool, fitness center, outdoor grilling and dining stations and a dog park. The seller and sales price were not disclosed. Stoneweg US has tapped RPM Living to manage the property and oversee a value-add program.

July 15, 2022

Acquisitions Multifamily Texas

Greysteel Brokers Sale of 233-Unit Athens Gate Apartments in El Paso

by Taylor Williams July 15, 2022

EL PASO, TEXAS — Greysteel has brokered the sale of Athens Gate, a 233-unit apartment complex in El Paso. The property offers one- and two-bedroom units that range in size from 404 to 746 square feet. According to Apartments.com, amenities include a pool, playground, volleyball court and outdoor grilling stations. Jack Stone of Greysteel represented the seller, a locally based developer, in the transaction. The buyer and sales price were not disclosed.

July 15, 2022

Acquisitions Multifamily Seniors Housing Texas

JLL Negotiates Sale of 100-Bed Transitional Care Facility in DeSoto, Texas

by Taylor Williams July 15, 2022

DESOTO, TEXAS — JLL has negotiated the sale of Methodist Transitional Care Center, along-term care facility in the southern Dallas suburb of DeSoto. The 100-bed property was built in 2020 and encompasses 66 units. Charles Bissell and Evan Kovac of JLL represented the seller and developer, Madison Marquette, in the transaction. Illinois-based LFI Real Estate purchased the asset for an undisclosed price.

July 15, 2022

Acquisitions Multifamily Texas

S2 Capital Acquires 4,455-Unit Multifamily Portfolio in Dallas-Fort Worth, Houston

by Taylor Williams July 14, 2022

DALLAS — Locally based investment firm S2 Capital has acquired a portfolio of 14 multifamily properties totaling 4,455 units that are located in various cities throughout the Dallas-Fort Worth (DFW) metroplex as well as in Houston. The DFW component of the portfolio totals 3,399 units, and the Houston portion comprises 1,056 units. All properties were built between 1979 and 1987. Mark Brandenburg, Lauren Dow and Michael Cosby of JLL, along with Lauren Bresky and Loren Heikenfeld of Northmarq, arranged debt financing for the transaction. Roberto Casas, Rob Key, Matthew Lawton and Dustin Selzer with JLL, as well as Taylor Snoddy with Northmarq, brokered the sale. The seller was not disclosed. S2 Capital plans to extensively renovate and enhance the unit interiors, building exteriors and amenity spaces at all of the properties.

July 14, 2022

Development Industrial Texas

Liberty Development Partners Buys 1,158-Acre Industrial Development Site in Houston

by Taylor Williams July 14, 2022

HOUSTON — Liberty Development Partners, a joint venture between locally based firms Connor Investment Real Estate and Logistics & Development Resources, has purchased Gulf Inland Logistics Park, a 1,158-acre industrial development site in Houston. The shovel-ready site is located at the intersection of the Grand Parkway and U.S. Highway 90 on the city’s east side. Liberty Development Partners also acquired CMC Railroad, a freight provider and service network within Gulf Inland Logistics Park that connects to the BNSF Railway and the Union Pacific Railroad. Prior to this deal, the joint venture acquired a 200-acre adjacent parcel to allow for expansion of the site. Construction plans and timelines for the existing Gulf Inland Logistics Park site and the adjacent tract have not yet been finalized. Trez Capital provided $66.5 million in acquisition financing for the joint venture’s purchase of CMC Railroad and an undisclosed portion of the land that will house the first phase of industrial development.

July 14, 2022

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