OKLAHOMA CITY — Kroger (NYSE: KR) will open a 50,000-square-foot distribution center at 8801 N. Interstate 35 Service Road in Oklahoma City. The cross-dock facility, which is expected to come on line later this year and to employ up to 191 full-time associates, will serve as a last-mile, or “spoke,” distribution point for customers within a 200-mile radius. This territory includes Dallas, where Kroger and its partner in rolling out spoke facilities, United Kingdom-based logistics firm Ocado Group, have also launched a 350,000-square-foot fulfillment center.
HOUSTON — NAI Partners has negotiated a 9,000-square-foot retail lease at Greenwood Place, an 18,000-square-foot, newly constructed commercial building located near the intersection of State Highway 105 and FM 3083 in Houston. Jason Gaines of NAI Partners represented the landlord, an entity doing business as Greenwood Place LLC, in the lease negotiations. Elena Bakina of Colliers represented the tenant, Action Behavior Center LLC, a provider of mental health services.
SAN ANTONIO — Triten Real Estate Partners, a developer with offices in Houston and Dallas, will build Connection Park Logistics Center, a 490,083-square-foot industrial project that will be located on the east side of San Antonio. The site, which spans 32 acres at 6851 Cal Turner Drive, will offer proximity to Interstate 10 and Loop 410, as well as the industrial facilities of major users like Amazon, Dollar General and H-E-B. Construction of the Class A, cross-dock building is scheduled to begin by the end of the first quarter and to be complete by the end of the year.
SAN ANTONIO — Welcome Group, a Houston-based investment firm, has purchased two office and lab buildings in San Antonio totaling 124,291 square feet. The first building spans 80,431 square feet, sits on an 11.9-acre site and is leased by KCI USA Inc., a provider of wound care services and treatments. The second facility totals 43,860 square feet and was built in phases between 1987 and 1995. Frost Bank provided an undisclosed amount of financing for both acquisitions. Ryan Wassaff of Welcome Realty Advisors, along with internal agents Cole Bercher and John Wilson, represented Welcome Group in the deals. John Taylor of JLL and Luis Garza of Transwestern respectively represented the sellers of the first and second buildings.
AUSTIN, TEXAS — New York City-based Ready Capital has closed a $14.3 million loan for the acquisition, renovation and stabilization of an unnamed, 112-unit apartment complex in North Austin. The nonrecourse, interest-only loan features a 36-month term, floating interest rate, two extension options and a facility to fund future capital improvements. The sponsor was not disclosed.
DALLAS — Dallas-based Terrydale Capital has arranged a $12.6 million acquisition loan for a portfolio of three multifamily properties totaling 108 units that are located in Old East Dallas. Culby Culbertson of Terrydale Capital arranged the three-year loan, which carried a 4.5 percent fixed interest and an 80 percent loan-to-value ratio. The names of the properties and the borrower were not disclosed.
ENNIS, TEXAS — CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Ennis Care Center, a 155-bed skilled nursing facility located in the southern Dallas suburb of Ennis. The seller and sales price were not disclosed. The facility will be added to CareTrust’s existing master lease with affiliates of Eduro Healthcare, which took over operations on Feb. 1.
FORNEY, TEXAS — Locally based investment and development firm Dalfen Industrial has acquired a two-building, 408,308-square-foot industrial park in the eastern Dallas suburb of Forney in a sale-leaseback transaction. The seller/tenant was not disclosed. The site also includes 4.8 acres of undeveloped land that could be used for an outdoor storage yard or a 200,000-square- foot expansion of the western building. Matt Dornak of Stream Realty Partners sourced the off-market deal for Dalfen Industrial.
GRAND PRAIRIE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Arioso, a 288-unit apartment community located in the central metroplex city of Grand Prairie. Built on 13.5 acres in 2007, the property features one-, two- and three-bedroom units with an average size of 976 square feet. Amenities include two pools, a clubhouse, fitness center, business center and an outdoor kitchen with fire pits. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Asher Hall and Will Balthrope of IPA represented the seller, a partnership between Michigan-based Hayman Co. and New York City-based Dome Equities, in the transaction. The team also procured the buyer, IMH Cos.
ARLINGTON, TEXAS — Austin-based developer OHT Partners has broken ground on Lenox Cooper, a 270-unit multifamily project in Arlington. Lenox Cooper will offer studio, one- and two-bedroom units and amenities such as a pool, outdoor grilling and dining areas, a 24-hour fitness center, shared work studio and a dog run with a washing station. OHT’s in-house team will serve as the general contractor for the project, which is slated to open by the end of the year. Other project partners include Architecture Demarest (architect of record), KFM Engineering (civil engineer), MEP Delta Design (mechanical engineer), United Structural Consultants (structural engineer) Ink +Oro (interior design) and Blu Fish Collaborative (landscape design).