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Flats-at-West-Alabama-Houston
AcquisitionsMultifamilyTexas

Walker & Dunlop Arranges Sale of 304-Unit Flats at West Alabama Apartments in Houston

by Taylor Williams

HOUSTON — Walker & Dunlop has arranged the sale of The Flats at West Alabama, a 304-unit apartment community in Houston’s River Oaks neighborhood. The property, which according to Apartments.com was built in 2021, offers one-, two- and three-bedroom units and amenities such as a pool, coworking spaces, a club area with an entertainment kitchen and a rooftop deck. Ryan Epstein and Jennifer Ray of Walker & Dunlop represented the seller, Atlanta-based Wood Partners, in the transaction. Alexandra Huffman, also with Walker & Dunlop, originated Fannie Mae acquisition financing of behalf of the buyer, Virginia-based Capital Square.

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DevelopmentIndustrialTexas

Cubework Opens Two Houston-Area Warehouses Totaling 302,000 SF

by Taylor Williams

HOUSTON AND SUGAR LAND, TEXAS — Cubework, an industrial and office operator specializing in flexible work solutions, has opened two warehouses totaling 302,000 square feet in Houston. The rail-served property at 3401 Navigation Blvd. is located near downtown and features 32-foot clear heights and 38 exterior dock doors. The second property, located in the southwestern Houston suburb of Sugar Land, spans 200,000 square feet and offers 32-foot clear heights and 3,030 square feet of office space. The owner(s) was not disclosed. Cubework also recently opened a 180,000-square-foot facility in San Antonio.

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Esters-114-Business-Center-Irving
Leasing ActivityOfficeTexas

Liquid Environmental Solutions Signs 39,528 SF Office Lease Extension in Irving

by Taylor Williams

IRVING, TEXAS — Liquid Environmental Solutions has signed a 39,528-square-foot office lease extension at Esters 114 Business Center in Irving. The lease ensures that the waste management company will continue to operate its corporate headquarters at the building, which is 91 percent leased. corporate headquarters. Clint Madison and John Fancher of Cushman & Wakefield represented the landlord, Stanton Road Capital in the lease negotiations. Ryan Buchanan and Josh White with CBRE represented the tenant.

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AcquisitionsNet LeaseRetailTexas

Newmark Brokers Sale of 10,874 Single-Tenant Retail Property in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Newmark has brokered the sale of a 10,874-square-foot, single-tenant retail property in the northern Dallas suburb of Carrollton that is net leased to Just Tires. Matt Berres, Samer Khalil, Karick Brown and Lispah Hogan of Newmark represented the seller in the transaction. Douglas Kim of Tru Promise Real Estate represented the buyer. Both parties were private investors that requested anonymity.

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Grayson-at-Baybrook-Friendswood
LoansMultifamilyTexas

Natixis Provides $50.7M Acquisition Loan for Metro Houston Apartment Community

by Taylor Williams

FRIENDSWOOD, TEXAS — French lending institution Natixis has provided a $50.7 million acquisition loan for The Grayson at Baybrook, a 322-unit apartment community located in the southern Houston suburb of Friendswood. The property features one- and two-bedroom units and amenities such as a pool, fitness center, resident clubhouse and a sand volleyball court. Tucker Knight and Carl Rasmussen of Berkadia placed the loan on behalf of the borrower, SRJ Real Estate Investments, which will use a portion of the proceeds to fund capital improvements.

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Heritage-Quarters-Waco
AcquisitionsMultifamilyStudent HousingTexas

TMG Negotiates Sale of 374-Bed Heritage Quarters Student Housing Community Near Baylor University

by Taylor Williams

WACO, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Heritage Quarters, a 374-bed student housing community located about 1.5 miles from Baylor University’s campus in Waco. Built in 2008, the mid-rise property sits on 2.7 acres and totals 106 units. The amenity package comprises a pool, 24-hour fitness center, billiards room, business center and a conference room. Danny Wieland of TMG represented the undisclosed seller in the transaction. Paul Yazbeck, also with TMG, represented the buyer.

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AcquisitionsMultifamilyTexas

Hamilton Zanze Buys 200-Unit Park at Waterford Harbor Apartments in Kemah, Texas

by Taylor Williams

KEMAH, TEXAS — San Francisco-based investment firm Hamilton Zanze has purchased Park at Waterford Harbor, a 200-unit apartment complex in Kemah, located southeast of Houston. The property was built in 1996 and was 96.5 percent occupied at the time of sale. Units average 972 square feet across seven different floor plans and are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, dog park and a putting green. Hamilton Zanze plans to make additional capital improvements to select units, as well as building exteriors and amenity spaces, and to transfer management of the property to Denver-based Mission Rock Residential.

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Leasing ActivityOfficeTexas

Elevate Credit Services Signs 73,984 SF Office Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Elevate Credit Services has signed a 73,984-square-foot office lease renewal at Overton Centre, a 417,465-square-foot development in southwest Fort Worth. The two-building complex features a renovated lobby, fitness center and an auditorium/conference center. Cribb Altman and Cannon Camp of JLL, along with Mike Wyatt of Cushman & Wakefield, represented the tenant in the lease negotiations. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, an entity doing business as FLDR/TLC Overton Centre LP.

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DevelopmentRetailTexas

Garansuay Group Breaks Ground on 40,000 SF Retail Project in Weslaco, Texas

by Taylor Williams

WESLACO, TEXAS — San Antonio-based Garansuay Group has broken ground on Shops at N Bridge, a 40,000-square-foot retail project in Weslaco, located near McAllen in the Rio Grande Valley. The 10-acre site includes four pads and is situated at the corner of North Bridge Avenue & Expressway 83. Freddy’s Frozen Custard & Steakburgers, Juice Us and Paris Bakery have already signed leases at Shops at N Bridge. A tentative completion date was not released.

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AcquisitionsIndustrialTexas

Titan Development Acquires 188 Acres for Industrial Project in Metro Austin

by Taylor Williams

HUTTO, TEXAS — Titan Development has acquired 188 acres in the northern Austin suburb of Hutto for the development of an industrial project that will be dubbed Hutto Mega TechCenter. Titan Development acquired the land, which is located near State Highway 130 and is zoned for light industrial usage, from the City of Hutto. Buildings will range in size from 200,000 to 1 million square feet. A construction timeline is still being finalized.

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