MCKINNEY, TEXAS — Marcus & Millichap has brokered the sale of Prosper Self Storage, a 460-unit facility located north of Dallas in McKinney. The facility was originally built in 2009 and spans 72,147 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a Dallas-based investor, in the transaction. The duo also procured the buyer, a publicly traded REIT. Both parties requested anonymity. The sales price was not disclosed.
HOUSTON — Global logistics company eFulfill has preleased the entire 368,099 square feet of Building B at Post Oak Logistics Park, a 43-acre development that is under construction in southwest Houston. North Texas-based Jackson-Shaw is developing Post Oak Logistics Park, which is now fully preleased following a 168,193-square-foot deal with Festival Trading Co. earlier this year, in partnership with Greystar. Beau Kaleel and Michael Foreman of Cushman & Wakefield represented ownership in the lease negotiations. Jimo Liu, also with Cushman & Wakefield, represented the tenant.
GARLAND, TEXAS — Colliers Mortgage has provided a $13.9 million HUD-insured construction loan for Urban Village at Rosehill, a 104-unit apartment project that will be located in the northeastern Dallas suburb of Garland. The property will offer one- and two-bedroom units and amenities such as a pool, dog park, business center, fitness center and a community room. Jeff Rogers of Colliers Mortgage originated the loan through HUD’s 221(d)(4) program on behalf of the undisclosed borrower.
FORT WORTH, TEXAS —Escalante Golf has signed a 25,000-square-foot office lease in Fort Worth. The golf course operator is taking space at Foch Street Warehouses, a 135,727-square-foot development in the city’s West 7th Entertainment District. Chris Doggett and Matthew Cheney of Stream Realty Partners represented the landlord, Asana Partners, in the lease negotiations. Gibson Duwe and Kyle Poulson of Transwestern represented the tenant.
DALLAS — A partnership between two nonprofits organizations, substance abuse counseling services provider Youth 180 and AIDS Services of Dallas (ASD), have opened a 10,000-square-foot shared office on the city’s west side. Youth 180 sold its 10,000-square-foot building at 201 South Tyler St. to ASD and is leasing back approximately half of the space for administrative purposes and ongoing services.
CORPUS CHRISTI, TEXAS — Marcus & Millichap has brokered the sale of Access Storage, a 626-unit self-storage facility in Corpus Christi. The property was built in 2003 and spans 83,223 net rentable square feet. Brian Kelly, Brett Hatcher, Gabriel Coe, Luke Sullivan and Nathan Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was not disclosed. Tim Speck of Marcus & Millichap assisted in closing the deal as the Texas broker of record.
LA MARQUE, TEXAS — Public Storage is underway on a 606-unit expansion project in La Marque, located southeast of Houston. The expansion will add 87,124 net rentable square feet of climate-controlled space to the existing facility, which also features RV parking with some larger 90-foot, drive-thru units. California-based Public Storage is both the operator and owner of the facility. Triad Construction is the general contractor for the project, which is slated for a November completion.
FORT WORTH, TEXAS — Greystone has arranged $22.9 million in financing for The Barcelona on Chisholm Trail, a 248-unit multifamily property in Fort Worth. The property consists of 17 buildings on 10 acres and offers amenities such as a pool, playground, dog park, outdoor lounge areas, business center, fitness center and a clubhouse. Lance Wright, Thomas Wayda and Dante Distefano of Greystone arranged a $19.5 million bridge loan through an undisclosed debt fund on behalf of the borrower, MBP Capital Partners. Additionally, Matthew Zisler of Greystone secured a $3.4 million preferred equity investment from Lubert-Adler Real Estate Funds.
ARLINGTON, TEXAS — SVN | Dunn Commercial has brokered the sale of a 56,905-square-foot industrial building in Arlington. According to LoopNet Inc., the property at 3701 Dalworth St. was built on five acres in 1966 and features 18-foot clear heights. David Dunn and Courtney Stanford of SVN | Dunn represented the seller in the transaction. Chris Wong of Bradford Commercial Real Estate Services represented the buyer. Both parties requested anonymity. The deal traded at a cap rate of 3.37 percent.
HOUSTON — Harbor Capital has purchased a 50,000-square-foot industrial property in northwest Houston. The newly built, multi-tenant property is known as The Workshops at Breen. Brandon Wuntch and Drew Altmann of Cresa represented the seller, Zermeno GTB LP in the transaction. Austin Honey, Tim Thomas, Andrew Nguyen and Jace Martin of LandPark Brokerage represented Harbor Capital.
