Texas

Building-1-Gateway35-Commerce-Center-Georgetown

Titan Industrial Signs CelLink to 294,297 SF Industrial Lease in Metro Austin

by Taylor Williams February 25, 2022

GEORGETOWN, TEXAS — CelLink Corp. has signed a 294,297-square-foot industrial lease at Gateway35 Commerce Center, a master-planned park by Titan Development that is located in the northern Austin suburb of Georgetown. The tenant, which manufactures circuits for batteries used in the automotive and energy storage industries, will occupy the entirety of Building 1 upon completion in June. In addition, CelLink plans to hire between 800 and 2,000 employees over the next 10 years and invest about $130 million in the local economy over the next five years.

February 25, 2022

Acquisitions Retail Texas

Gulf Coast Commercial Buys 189,334 SF Shopping Center in Metro Houston

by Taylor Williams February 25, 2022

WEBSTER, TEXAS — Locally based investment firm Gulf Coast Commercial Group has purchased Baybrook Passage Shopping Center, a 189,334-square-foot retail property located in the southeastern Houston suburb of Webster. Built on 20.5 acres in 2003, the property was roughly 80 percent leased at the time of sale to tenants such as Best Buy, Staples, Memorial Hermann Urgent Care, DXL Casual Male, Mia’s Table and Torchy’s Tacos. CBRE represented the seller, Passage Realty Inc., in the transaction. The new ownership plans to implement a value-add program at Baybrook Passage.

February 25, 2022

Loans Multifamily Seniors Housing Texas

Dwight Capital Provides $30.5M Refinancing for Metro Dallas Seniors Housing Property

by Taylor Williams February 25, 2022

GRAND PRAIRIE, TEXAS — New York City-based Dwight Capital has provided a $30.5 million bridge loan for the refinancing of The Retreat at Grand Prairie, a 154-unit seniors housing property in Grand Prairie, located roughly midway between Dallas and Fort Worth. The four-story building sits on 7.7 acres and offers amenities such as a pool, fitness center, business center, game room, pet park and a putting green. Josh Sasouness of Dwight Capital originated the loan. The borrower was not disclosed.

February 25, 2022

Acquisitions Retail Texas

Weitzman Arranges Sale of 19,260 SF Arbor Crossing Shopping Center in Flower Mound, Texas

by Taylor Williams February 25, 2022

FLOWER MOUND, TEXAS — Weitzman has arranged the sale of Arbor Crossing, a 19,260-square-foot shopping center in Flower Mound, a northern suburb of Fort Worth. The property was fully leased at the time of sale to tenants such as The UPS Store, Verizon Wireless, Nekter Juice Bar and Fuzzy’s Taco Shop. Michelle Caplan and Matthew Rosenfeld of Weitzman, along with Scott Remphrey of Brytar Cos., which developed the property, represented the seller in the transaction. Rob Holuba, Patrick Camporini, Victoria Taylor Madrid and Justin Okumus with CenterSquare Investment Management, which acquired the asset on behalf of a public pension fund client, represented the buyer on an internal basis.

February 25, 2022

Loans Multifamily Texas

Ready Capital Closes $16.5M Acquisition Loan for El Paso Apartments

by Taylor Williams February 25, 2022

EL PASO, TEXAS — New York City-based Ready Capital has closed a $16.5 million loan for the acquisition, renovation and stabilization of an unnamed, 288-unit apartment complex in the El Paso area. 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.

February 25, 2022

Development Industrial Texas

VanTrust Completes 514,135 SF Spec Industrial Development in El Paso, Signs Three Tenants

by Taylor Williams February 24, 2022

EL PASO, TEXAS — Kansas City-based developer VanTrust Real Estate has completed Phase I of El Paso Logistics Park, a speculative project that consisted of four industrial buildings totaling 514,135 square feet. VanTrust has also executed three new leases at these buildings totaling roughly 187,000 square feet. David Hingst of PIRES International represented OLA Logistics LLC, which leased 76,848 square feet at Building 3; Steve Berger and Chad McCleskey of CBRE represented Interceramic Inc., which inked a deal for 44,410 square feet at Building 3; and Andres Sandoval of CBRE represented Buckland Global Trade Services Inc, which committed to 66,065 square feet at Building 4. Bill Caparis and Arturo De La Mora of CBRE El Paso represented VanTrust in each of those deals.

February 24, 2022

Acquisitions Multifamily Texas

IPA Brokers Sale of 288-Unit Verandas at Shavano Apartments in North San Antonio

by Taylor Williams February 24, 2022

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Verandas at Shavano, a 288-unit apartment community on the north side of San Antonio. Built on 16 acres in 2014, the property offers one-, two- and three-bedroom units with an average size of 829 square feet. Amenities include a pool, fitness center, outdoor grilling areas, a resident clubhouse and multiple dog parks. Will Balthrope and Drew Garza of IPA represented the seller, Tampa-based American Landmark, in the transaction and procured the buyer, Wisconsin-based MLG Capital.

February 24, 2022

Development Industrial Texas

Trammell Crow, Clarion Partners Break Ground on 308,484 SF Industrial Project in Austin

by Taylor Williams February 24, 2022

AUSTIN, TEXAS — A partnership between Dallas-based Trammell Crow Co. and New York-based Clarion Partners has broken ground on the final phase of Park 183, a 950,000-square-foot industrial development in southeast Austin. The fourth and final phase of the project will add two buildings totaling 308,484 square feet to the local supply. The buildings will span 160,327 and 148,157 square feet and will feature 32-foot clear heights. STG Design is the architect for Phase IV, and Tribble & Stephens is the general contractor. Comerica Bank provided construction financing. CBRE has been tapped as the leasing agent and recently secured a 154,786-square-foot expansion for American Canning at Park 183. Completion of Phase IV is slated for the fourth quarter.

February 24, 2022

Build-to-Rent Loans Single-Family Rental Texas

Tower Capital Arranges $27.8M Construction Loan for Metro Dallas Build-to-Rent Community

by Taylor Williams February 24, 2022

MCKINNEY, TEXAS — Tower Capital, a Phoenix-based finance and advisory firm, has arranged a $27.8 million construction loan for a 128-unit build-to-rent community in the northern Dallas suburb of McKinney. The development will span 13.2 acres and offer one-, two- and three-bedroom residences. The amenity package will consist of a pool, spa, fitness center, dog park and outdoor grilling and dining stations. The borrower and direct lender were not disclosed.

February 24, 2022

Acquisitions Retail Texas

Matthews Negotiates Sale of 21,061 SF Retail Strip Center in Cedar Park, Texas

by Taylor Williams February 24, 2022

CEDAR PARK, TEXAS — California-based brokerage firm Matthews Real Estate Investment Services has negotiated the sale of a 21,061-square-foot retail strip center located at 1201 N. Lakeline Blvd. in the northern Austin suburb of Cedar Park. DeWitt Goss and Jeff Miller of Matthews represented the seller, Saadeh Properties, in the transaction. The buyer was Legacy Properties. The center was 94 percent leased at the time of sale.

February 24, 2022

Newer Posts

Older Posts