Texas

Hill Country Studios to Open $267M Film, TV Production Center in San Marcos, Texas

by Taylor Williams June 8, 2022

SAN MARCOS, TEXAS — Hill Country Studios will open a $267 million film and TV production center in San Marcos, located roughly midway between Austin and San Antonio. The site spans 209 acres and is located at the entrance of the La Cima master-planned community. Hill Country Studios will include 12 sound stages totaling 310,000 square feet, two back lots totaling 15 acres of outdoor production space and 310,000 square feet of modular offices and four workshops. The facility will also feature post-production facilities, a 50-seat screening theater and a full-service restaurant and coffee shop. In addition, 25 acres will be reserved for vendor and commercial space built to serve both the studio and surrounding community. Foley Design is the project architect. Construction is slated to begin early next year.

June 8, 2022

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 418-Unit Apartment Community in Fort Worth

by Taylor Williams June 8, 2022

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of The Crossings 820, a 418-unit apartment community in Fort Worth. Built in phases between 1967 and 1971, the property features one-, two- and three-bedroom units and amenities such as multiple pools, courtyards and gardens and onsite laundry facilities. Al Silva of Marcus & Millichap represented the seller, Applesway Investments, in the transaction. Silva also procured the buyer, a private Dallas-based investment group. The previous ownership invested roughly $3.5 million in capital improvements to the property between 2015 and the present day.

June 8, 2022

Acquisitions Multifamily Texas

Berkadia Arranges Sale of 380-Unit Lenox Clear Lake Apartments in Southeast Houston

by Taylor Williams June 8, 2022

HOUSTON — Berkadia has arranged the sale of Lenox Clear Lake, a 380-unit apartment community in southeast Houston. Lenox Clear Lake offers one-, two- and three-bedroom apartments ranging in size from 574 to 1,721 square feet. Units are furnished with granite countertops, stainless steel appliances, walk-in closets, washers and dryers and private balconies/patios. Amenities include two pools, a fitness center, clubhouse with a coffee bar, game room, two dog parks, children’s play area and a car wash station. Jeffrey Skipworth, Chris Young, Joey Rippel and Kyle Whitney of Berkadia represented the seller, Austin-based OHT Partners, in the transaction. New York-based investment firm The Praedium Group acquired the asset for an undisclosed price.

June 8, 2022

Acquisitions Multifamily Texas

29th Street Capital Sells 308-Unit Live Oak Place Apartments in Northeast San Antonio

by Taylor Williams June 8, 2022

SAN ANTONIO — Chicago-based investment firm 29th Street Capital (29SC) has sold Live Oak Place, a 308-unit apartment community in Northeast San Antonio. The property features a mix of studio, one- and two-bedroom units with an average unit size of 668 square feet. Communal amenities include three pools, a clubhouse with a coffee bar and Wi-Fi, onsite laundry facilities and two dog parks. Jim Young, Matt Michelson and Chase Easley of Newmark represented 29SC in the sale. Matt Greer and Andrew Wilson, also with Newmark, arranged acquisition financing on behalf of the undisclosed buyer.

June 8, 2022

Industrial Leasing Activity Texas

Baik Brands Signs 104,000 SF Industrial Lease in Dallas

by Taylor Williams June 8, 2022

DALLAS — Baik Brands, a cosmetics firm that is the parent company of several e-commerce brands, has signed a 104,000-square-foot industrial lease in the Stemmons Crossroads area of Dallas. Jeremy Mercer of Mercer Co. and John Roper of CBRE represented Baik Brands in the lease negotiations. Robert Adams represented the landlord, Rosebriar Properties, on an internal basis.

June 8, 2022

Acquisitions Multifamily Texas

GREA Arranges Sale of Four Multifamily Assets Totaling 851 Units in Dallas-Fort Worth

by Taylor Williams June 7, 2022

DALLAS — Global Real Estate Advisors (GREA) has arranged the sale of four multifamily assets totaling 851 units that are located throughout the Dallas-Fort Worth metroplex. The properties include Villa Placita in Garland (122 units); Antigua Village in Fort Worth (152 units); WaterWalk Las Colinas in Irving (153 units); and The Club at Fossil Creek in Fort Worth (424 units). Mark Allen and Zac Thomas of GREA brokered the deals. The sellers were not disclosed.

June 7, 2022

Development Office Texas

Mapletree Underway on Renovation of 215,394 SF Office Building in Metro Dallas

by Taylor Williams June 7, 2022

RICHARDSON, TEXAS — Mapletree, a global real estate developer based in Singapore, is underway on the renovation of a 215,394-square-foot office building located within the Galatyn Commons complex in the northern Dallas suburb of Richardson. Galatyn Commons comprises four buildings totaling 800,000 square feet. Amenities include a food hall with 300-seat dining area, coffee shop and grab-and-go food service, as well as a 10,000-square-foot fitness and wellness center, an outdoor kitchen with grill stations, bocce ball courts and an outdoor amphitheater with 1,000-seat capacity. Cushman & Wakefield is marketing the five-story building for lease. Renovations are expected to be complete next summer.

June 7, 2022

Acquisitions Multifamily Texas

TMG Negotiates Sale of 136-Unit Multifamily Property in Northwest Houston

by Taylor Williams June 7, 2022

HOUSTON — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of Pebble Creek Apartments, a 136-unit property in northwest Houston. Built on 6.5 acres in 1980, the property offers one- and two-bedroom units with an average size of 865 square feet. According to Apartments.com, amenities include a pool, playground and onsite laundry facilities. Chris Siemasko of TMG represented the seller, and Nasir Pooran of TMG procured the private California-based buyer. Both parties requested anonymity. Pebble Creek was 97 percent occupied at the time of sale.

June 7, 2022

Development Industrial Texas

KDW to Develop 130,000 SF Manufacturing Facility in Metro Houston

by Taylor Williams June 7, 2022

WALLER, TEXAS — Locally based firm KDW will develop a 130,000-square-foot manufacturing facility in the northwestern Houston suburb of Waller that will be an expansion of the existing campus of Green Span Profiles, a provider of insulated wall panels. The crane-served facility will be situated on 33 acres and is expected to come on line in January. The company’s original 70,000-square-foot plant opened in 2011. Green Span Profiles expects to hire about 15 new employees to staff the facility.

June 7, 2022

Acquisitions Healthcare Texas

Nutex Health Acquires 55,755 SF Hospital in North San Antonio

by Taylor Williams June 7, 2022

SAN ANTONIO — Nutex Health, a Houston-based provider that owns and operators 21 facilities across eight states, has acquired a 55,755-square-foot facility in north San Antonio. According to LoopNet Inc., the 65-bed facility was built on 4.1 acres in 1971. Zach Leger of NAI Partners represented Nutex Health in the transaction. Chad Gunter of Transwestern represented the seller.

June 7, 2022

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