BUDA, TEXAS — Coated Metals Group has signed a 27,075-square-foot industrial lease in Buda, a southern suburb of Austin. The manufacturer of prefinished steel products is taking space at Building 7 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.
HOUSTON — Global investment firm Stonepeak, which is headquartered in New York City, has acquired a portfolio of six industrial properties totaling 2.3 million square feet in Houston. The properties, the names and addresses of which were not disclosed, serve tenants in the logistics sector and are all located within eight miles of Port Houston. JLL acted as Stonepeak’s financial advisor in the transaction. The seller and sales price were not disclosed.
DALLAS — Creation, a developer with offices in Dallas and Phoenix, will build 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of Interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project, with construction scheduled to begin over the summer. Stream Realty Partners has been tapped as the leasing agent.
DALLAS — Los Angeles-based investment firm ShainRealty Capital has purchased Yorktown Luxury Apartments, a 226-unit complex located in the Kessler Park area of Dallas, for $39.5 million. Built in 2016, the property offers studio, one-, two- and three-bedroom units and amenities such as a pool, lounge and outdoor grilling and dining stations. Eric Calub, Caleb Jones and Paul Harris of Berkadia brokered the sale. The seller was Nuveen Real Estate. Arbor Realty Trust provided a $27.6 million CMBS acquisition loan to ShainRealty Capital that was structured with a five-year term, fixed interest rate of 5.88 percent and a 70 percent loan-to-value ratio. The new ownership will make capital improvements and has rebranded the property as Infinity on Yorktown.
WEBSTER, TEXAS — CBRE has brokered the sale of Baybrook Passage, a 189,334-square-foot shopping center in Webster, a southeastern suburb of Houston. Best Buy and Staples anchor the center, which was built in 2003 and was 97 percent leased at the time of sale. Other tenants include Boot Barn, Skechers and healthcare provider Memorial Hermann. Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye of CBRE represented the seller, Gulf Coast Commercial Group, in the transaction. The local buyer, SLS Properties, was self-represented.
BUDA, TEXAS — Cintas Corp. has signed a 32,880-square-foot industrial lease in Buda, a southern suburb of Austin. The Ohio-based provider of uniforms and cleaning supplies is taking space at Building 6 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.
RICHARDSON, TEXAS — Affinius Capital has provided an $81.3 million loan for the refinancing of Belt & Main, a 350-unit apartment community located in the northeastern Dallas suburb of Richardson. Belt & Main houses 269 one-bedroom residences and 81 two-bedroom apartments, as well as 17,000 square feet of retail space. Units feature quartz countertops, wood-style flooring, stainless steel appliances, custom cabinetry, floor-to-ceiling windows and full-size washers and dryers. Select units also offer patios and balconies. Amenities include a pool, grilling stations with open-air dining areas, coffee and coworking spaces with Wi-Fi connectivity, onsite storage units and a fitness center. Jeremy Sain of JLL arranged the loan on behalf of the borrower, Catalyst Urban Development.
SPRING, TEXAS — Locally based developer Sueba USA has completed Imperial Oaks Square, a 269-unit apartment community in the northern Houston suburb of Spring. The site is located within Falls at Imperial Oaks, a 686-acre master-planned development by Holcomb Properties, and is adjacent to the 100-acre Lake Holcomb. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 496 to 1,594 square feet. Amenities include a pool, fitness center, outdoor grilling and dining areas, a dog park, business center and a catering kitchen. Rents start at approximately $1,200 per month for a studio apartment. Construction began in spring 2023.
HOUSTON — CBRE has brokered the sale of Woodlake Square, a 157,465-square-foot shopping center in Houston’s Westchase District. Woodlake Square was 80 percent leased to 21 tenants at the time of sale. Grocer Randalls and Walgreens have jointly anchored the center, which was redeveloped in 2010, since the 1970s. Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye of CBRE represented the seller, Edens, in the transaction. Houston-based investment firm Wu Properties purchased the center for an undisclosed price.
HOUSTON — Provident Industrial, a division of Dallas-based developer Provident, has sold Hall Road Distribution Center, a 139,000-square-foot building in southeast Houston. The newly constructed building is located about 20 miles from both of Port Houston’s main shipping terminals and features 32-foot clear heights, 32 dock doors and two ramps. Provident developed Hall Road Distribution Center in partnership with Junction Commercial Real Estate and Singerman Real Estate. The buyer, local seafood logistics company Ocean Kingdom, will also occupy the property.