HOUSTON — Excel Commercial Real Estate has acquired Eric & Jay’s RV Resort, a 114-site property in southeast Houston. The park sits on a 10-acre site with a stocked lake and offers both back-in and luxury pull-through slips. Amenities include a pool, fitness center, game room, outdoor grilling and dining stations and onsite laundry facilities. The seller and sales price were not disclosed. Jetstream Communities, an affiliate of CityStreet Residential Partners, will manage the property.
ROUND ROCK, TEXAS — Partners Real Estate, the Houston-based investment and brokerage firm formerly known as NAI Partners, has arranged sale of a 5,302-square-foot retail property in the northern Austin suburb of Round Rock that is leased to Mister Car Wash. Landan Dory and Jason Chtay of Partners represented the buyer, an entity doing business as AJH Williamsburg Ltd., in the transaction. Spencer Henderson and Jim Ceresnak from B&E CRE represented the undisclosed seller.
HOUSTON — Silver Star Properties REIT Inc., an entity formerly known as Hartman Short Term Income Properties XX Inc., has sold a 12-building, 377,752-square-foot industrial flex property in northwest Houston. Silver Star Properties originally acquired the property, which was built in 1977, in 2014. The property was 95 percent leased at the time of sale. An affiliate of Partners Real Estate, the Houston-based investment and brokerage firm formerly known as NAI Partners, purchased the asset for an undisclosed price. Origin Bank provided financing for the off-market transaction.
CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of U Store, a 270-unit facility in Corpus Christi. The property, which comprises 75,835 net rentable square feet of non-climate-controlled space, includes six retail spaces and was fully occupied at the time of sale. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, a Texas-based limited liability company, in the transaction. The team also procured the Texas-based buyer.
WEATHERFORD, TEXAS — A joint venture between TruLife Communities and build-to-rent owner-operator Advenir Oakley has broken ground on LEO at Bethel Place, a 200-unit project in the southern Fort Worth suburb of Weatherford. Designed by Gaylen Howard Laing Architects, the property will offer a mix of one-, two- and three-bedroom homes that will average 781, 1,130 and 1,500 square feet, respectively. The amenity package will comprise courtyards with pavilions and grill stations, a central clubhouse with a pool and fitness center, dog park, pickleball court, putting green, walking trail system and a community garden. Full completion is slated for December 2024.
SELMA, TEXAS — Westport Axle Co., a provider of automotive assembly services, has signed a 115,760-square-foot industrial lease at Building 2 at Selma Industrial Park, located on the northeastern outskirts of San Antonio. Delivered in July 2022, Selma 2 is a 305,760-square-foot, cross-dock facility that features 36-foot clear heights, 74 dock-high doors and four drive-in ramps. Jon Dandurand with Burr & Temkin represented the tenant in the lease negotiations. John Colglazier, Carlos Marquez and Kyle Kennan of Partners Real Estate represented the landlord, a partnership between Titan Development and Atlanta-based Robinson Weeks Partners.
AUSTIN, TEXAS — Locally based developer The Geyser Group is nearing completion of The Johnny, a 76-unit multifamily project in Central Austin. Geyser Group is developing the project in partnership with The Sephira Group. Units come in studio, one- and two-bedroom formats and are furnished with quartz countertops, stainless steel appliances and individual washers and dryers. In addition, 16 of the residences are reserved for renters earning 60 percent or less of the area median income. Communal amenities include a fitness center and a rooftop deck with an outdoor kitchen. Full completion is slated for April.
AUSTIN, TEXAS — Newmark has brokered the sale of Henley Riverside, a 368-unit apartment community in East Austin. The mid-rise property offers one-, two- and three-bedroom residences, with private patios and balconies available in select units. Amenities include a pool, fitness center and an outdoor kitchen and gaming area. Patton Jones and Andrew Dickson of Newmark represented the seller, an affiliate of Treeline Real Estate Partners, in the transaction to an undisclosed buyer. Henley Riverside was 92 percent occupied at the time of sale.
HOUSTON — Locally based developer Vault Partners has begun construction on a 185,250-square-foot warehouse and distribution center in South Houston. The rear-load building will be divisible up to 40,000 square feet and will feature 32-foot clear heights, 34 dock-high doors, two drive-in ramps, and parking spaces for 137 vehicles and 23 trailers. Stream Realty Partners has been tapped as the leasing agent. Shell delivery of the building is scheduled for the fourth quarter.
AUSTIN, TEXAS — Lument has provided a $17.4 million Fannie Mae loan for the refinancing of Riverside Meadows, a 240-unit affordable housing complex in Austin. The 10-building community was constructed on 14.5 acres in 2002. Steve Beltran of Lument originated the financing, which was structured with a 10-year term, fixed interest rate and a 30-year amortization schedule. The undisclosed borrower plans to use a portion of the proceeds to fund capital improvements to the unit interiors, building exteriors and common areas.