SAN ANTONIO — Marcus & Millichap has arranged the sales of three self-storage facilities in San Antonio totaling 89,815 net rentable square feet across 650 units. The properties include Comal Ridge Self Storage, located at 23995 Bat Cave Road; Garden Ridge Self Storage, located at 22480 FM 3009; and Palo Alto Self Storage, located at 9018 Poteet Jourdanton Freeway Access Road. Jon Danklefs of Marcus & Millichap represented the three limited liability companies that sold the assets in the transactions. Each facility was purchased by a different buyer, with all parties requesting anonymity.
TEMPLE, TEXAS — Hunt Capital Partners has provided $13.6 million in Low-Income Housing Tax Credit (LIHTC) equity for Mariposa Scott & White, a 140-unit affordable seniors housing project in the Central Texas city of Temple. The development will consist of four three-story buildings on a 4.5-acre site. The majority (108) of the units will be rented to households earning up to 30, 50 or 60 percent of the area median income, and the remaining 32 units will be rented at market rates. Amenities will include a pool, fitness center, business center, clubhouse, theater room and outdoor picnic areas. Cadence Bank is also providing a $16.8 million construction loan for the project, which is scheduled for a January 2024 completion. The borrower is a partnership between Sycamore Strategies and Stuart Shaw Family Development.
THE WOODLANDS, TEXAS — CBRE has negotiated a 19,074-square-foot office lease at Wildwood Corporate Centre in The Woodlands, about 30 miles north of Houston. The two-building, 330,000-square-foot complex was built in phases between 2014 and 2016 and offers a fitness center and conference facilities. Steve Rocher and Jason Presley of CBRE represented the landlord, an entity doing business as GeoSouthern Budde Road LLC, in the lease negotiations. Greg Usher of Cypressbrook Co. represented the tenant, FCC Environmental Services.
DALLAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has opened a Dallas-Fort Worth office at 1717 McKinney Ave. in Dallas. The office is the firm’s fourth in Texas, joining existing locations in Houston, Austin and San Antonio. Partners has tapped Jerod Hangartner to lead the brokerage services division of the new office as managing director. Hangartner joins the firm from Entrada Partners, where he most recently served as vice president of asset management.
SOUTHLAKE, TEXAS — New Jersey-based investment firm BDP Holdings has acquired a 265,942-square-foot office building in Southlake, located north of Fort Worth, that houses the headquarters of Sabre. The travel software and technology firm has occupied the five-story building, which offers a cafeteria, outdoor courtyard and a fitness center, since 2002. JLL represented the seller, a joint venture between Dallas-based Cawley Partners, Staubach Capital and Los Angeles-based PCCP LLC, in the transaction. JLL also arranged an undisclosed amount of acquisition financing through Wells Fargo on behalf of BDP Holdings.
WACO, TEXAS — CBRE has arranged the sale of Lake Air Shopping Center, a 214,625-square-foot retail property in Waco. At the time of sale, the center was 85 percent leased to tenants such as Dollar Tree, Melrose, Tuesday Morning, Twin Liquors, AT&T, Starbucks Coffee and Domino’s Pizza. Blaine Dozier, Jim Batjer, Chris Cozby, Mark Witcher and Harrison Tye of CBRE represented the undisclosed seller in the transaction. Clay Fuller of Coldwell Banker Commercial assisted in closing the deal. The buyer was also not disclosed.
ALVIN, TEXAS — Marcus & Millichap has brokered the sale of the 55-room La Quinta Inn & Suites Hotel in Alvin, located south of Houston. The Wyndham-branded property was built on 1.4 acres in 2009 and offers a pool, fitness center, business center and onsite laundry facilities. Andrew Frosch and Joseph Manuel of Marcus & Millichap represented the buyer and seller, both of which were private investors that requested anonymity, in the transaction. Allan Miller and Chris Gomes of Marcus & Millichap assisted in closing the deal as supporting brokers.
THE WOODLANDS, TEXAS — General contractor Strike Construction has signed a 43,230-square-foot office lease at Wildwood Corporate Centre in The Woodlands, about 30 miles north of Houston. The two-building, 330,000-square-foot complex was built in phases between 2014 and 2016 and offers a fitness center and conference facilities. Steve Rocher and Jason Presley of CBRE represented the landlord, an entity doing business as GeoSouthern Budde Road LLC, in the lease negotiations. Jon Silberman of Partners represented the tenant. Wildwood Corporate Centre is now fully leased.
HURST, TEXAS — Bradford Commercial Real Estate Services has negotiated a 12,000-square-foot industrial flex lease at 10728 S. Pipeline Road in Hurst. According to LoopNet Inc., the property was built on 1.3 acres in 1964. Jason Finch and Michael Spain of Bradford represented the landlord, an entity doing business as Euless Industrial LLC, in the lease negotiations. The representative of the tenant, Mid-Cities Classics Inc., a provider of automotive repair and restoration services, was not disclosed.
SAN ANTONIO — Newmark has arranged the sale of Gardens at West, a 252-unit apartment community in San Antonio. According to Apartments.com, the property was built in 1995 and features one-, two- and three-bedroom units ranging in size from 664 to 1,269 square feet. Amenities include a pool, fitness center, business center, clubhouse, dog park and outdoor grilling and dining areas. Matt Michelson and Patton Jones of Newmark represented the seller, Regional Investment & Management, in the transaction. The buyer, locally based development and investment firm Embrey, will implement a value-add program and rebrand the property as The Hayden on West Avenue.