ABILENE, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Willow Park, a 41-unit apartment complex located in the West Texas city of Abilene that was built in 1973. According to Apartments.com, the property offers one- and two-bedroom units with average sizes of 645 and 864 square feet, respectively. The buyer and seller were not disclosed.
SPRING, TEXAS — Local investment and brokerage firm NewQuest has arranged the sale of Spring Park Village, a 33,060-square-foot shopping center located on the northern outskirts of Houston. Tenants include Boot Barn, Spring Park Dentistry and Jack Vape & Smoke. Dakota Workman of NewQuest represented the seller in the transaction. Marc Peeler of Partners Real Estate represented the buyer. Both parties were limited liability companies.
DALLAS — Houston-based brokerage and investment firm Finial Group has purchased a 14,520-square-foot industrial building in West Dallas. The single-tenant building sits on 1.6 acres at 2150 Lone Star Drive, features 2,000 square feet of office space and is occupied by Lone Star Flower Market. Grant Gibson, Jason Gibbons and Jack Gaffney led the transaction for Finial Group. The seller and sales price were not disclosed.
COLLEGE STATION, TEXAS — McNair Collegiate Partners has arranged the sale of The Trails at Wolf Pen, a 1,006-bed student housing property serving students at Texas A&M University in College Station. Built in 1997, the property offers 404 units in one-, two- and four-bedroom configurations. Shared amenities include a fitness center, two pools, study rooms and tennis, basketball and volleyball courts. The buyer, Stonebridge Property Group, plans to upgrade units and shared amenity spaces following the acquisition. Jeyton McNair and Mitch Holt of McNair Collegiate Partners represented the undisclosed seller in the transaction.
HARLINGEN, TEXAS — KeyBank Real Estate Capital has provided a $28 million loan for the refinancing of Valor at Harlingen, a 288-unit multifamily property located in the Rio Grande Valley region of South Texas. The garden-style property was built on 16.4 acres in 2013 and consists of 13 three-story residential buildings, a clubhouse, maintenance/storage buildings and seven parking garages. Patrick McFarland and Benjamin Baxter of KeyBank originated the nonrecourse, five-year loan on behalf of the borrower, Texas-based owner-operator Presidium.
PEARLAND, TEXAS — Marcus & Millichap has brokered the sale of a 76-room hotel in the southern Houston suburb of Pearland. Candlewood Suites, which is part of the IHG family of brands, operates the hotel, which offers amenities such as a fitness center, business center and 24-hour market. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
FORT WORTH, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Victoria Place, 43-unit apartment complex in southwest Fort Worth that was built in 1968. According to Apartments.com, the property offers one- and two-bedroom units with average sizes of 830 and 1,105 square feet, respectively. The buyer and seller were not disclosed.
FORT WORTH, TEXAS — New Haven Cos. Inc., which sells and distributes high-quality moving equipment, has signed a 24,837-square-foot industrial lease in North Fort Worth. The space is located within Building 3 at Parc North, a 642,000-square-foot development by Mississippi-based REIT EastGroup Properties. Luke Clardy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations.
ABILENE, TEXAS — Newmark has arranged a $7.1 billion construction loan for a data center project in the West Texas city of Abilene. A consortium of lenders led by J.P. Morgan provided the debt, which will fund the second phase of development of a 1.2-gigawatt campus. Construction of the first phase, which comprised two buildings and 200-plus megawatts of power, began in June 2024 and is expected come on line in the coming weeks. Construction of the second phase, which will feature six additional buildings and a total of 1.2 gigawatts, began in March 2025 and is expected to be energized in mid-2026. Jordan Roeschlaub, Nick Scribani, Ben Kroll, Brent Mayo, Doug Harmon and Andrew Warin of Newmark originated the financing on behalf of the borrower, a joint venture between Blue Owl Capital Inc., Crusoe and Primary Digital Infrastructure.
AUSTIN, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of a portfolio of eight self-storage facilities totaling 3,964 units in Texas. The properties are collectively known as the Steelcreek Self Storage Portfolio and have an aggregate net rentable square footage of 620,231 square feet. Five facilities are located in the Dallas area; two facilities are in the Austin area, and the last property is situated in the Houston area. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Dallas-based Steelcreek Management LLC, in the transaction. The team also procured the buyer, Reframe Holdings, an investment firm with offices in South Carolina and Florida. Anna Siradze, Britt Taylor, Ivan Viramontes, Tom Sherlock and Lauren Maehler of California-based Talonvest Capital arranged a $51.3 million acquisition loan through an undisclosed national bank for the deal. The nonrecourse loan carried a five-year term and a floating interest rate.