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2626-Cole-Dallas
AcquisitionsOfficeTexas

Partners Group, Accesso Sell 120,599 SF Office Building in Uptown Dallas

by Taylor Williams

DALLAS — Global investment firm Partners Group and Florida-based Accesso have sold 2626 Cole, a 120,599-square-foot office building in the Uptown/Turtle Creek area of Dallas. The partnership acquired the building in 2014 and implemented a value-add program. Current tenants include WorkSuites, Republic Editorial and Annandale Capital. Andrew Levy, Todd Savage and Parker McCormack of JLL represented Partners Group and Accesso in the transaction. Metro Seattle-based Talon Private Capital purchased the asset for an undisclosed price.

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Affordable HousingLoansMultifamilyNorthmarqTexas

NorthMarq Arranges $21M Refinancing for North Houston Workforce Housing Property

by Taylor Williams

HOUSTON — NorthMarq has arranged a $21 million loan for the refinancing of Vista Apartments, a 300-unit workforce housing community in North Houston. The property was built in 1980 and renovated in 2019. Warren Hitchcock of NorthMarq arranged the loan, which carried a 10-year term with an initial interest-only period, a fixed 3.75 percent interest rate and a 30-year amortization schedule, on behalf of the Houston-based borrower. An undisclosed national balance sheet lender provided the debt.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 563-Unit Self-Storage Facility in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Marcus & Millichap has brokered the sale of Apublix Self Storage, a 563-unit facility in Oklahoma City. The property encompasses 83,960 net rentable square feet of climate- and non-climate-controlled space. Bryan Quaschnick, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Castle-Hills-Apartments-San-Antonio
LoansMultifamilyTexas

Berkadia Arranges Acquisition Loan for 148-Unit Apartment Complex in San Antonio

by Taylor Williams

SAN ANTONIO — Berkadia has arranged an acquisition loan of an undisclosed amount for Castle Hills Apartments, a 148-unit complex in San Antonio. Built in 1997, the property offers one-, two- and three-bedroom apartments ranging in size from 732 square feet to 1,224 square feet. Argentic Real Estate Investment LLC provided the three-year, floating-rate loan, which was also structured with three years of interest-only payments. Mitch Sinberg and Brad Williamson led the transaction for Berkadia on behalf of the borrower, Miami-based Rincon Real Estate Investments.

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LoansMultifamilyOklahomaSeniors HousingTexas

Hudson Realty Capital Provides Loan for Refinancing of Seniors Housing Community in Tulsa

by Taylor Williams

TULSA, OKLA. — New York City-based Hudson Realty Capital has provided a bridge loan for the refinancing of Stonehaven Square, a seniors housing community in Tulsa that provides assisted living and memory care services. The amount of the loan was not disclosed, but the financing was secured as part of $37.7 million package for Stonehaven Square and a Florida property, The Landing at Lake Worth. Eric Johnson of Ziegler arranged the financing on behalf of the borrower, Columbia Pacific Advisors.

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New-Braunfels-Elementary-School
CivicDevelopmentTexas

Cadence McShane to Build 115,000 SF Elementary School in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — General contractor Cadence McShane will build a 115,000-square-foot elementary school near San Antonio that will be part of the New Braunfels Independent School District. Designed by Stantec, the new campus will function as a replacement for the Carl Schurz and Seele elementary schools and will be able to accommodate 850 students. As part of the project, which is slated for an August 2023 completion, Cadence McShane will also demolish the existing ninth grade center.

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IndustrialLeasing ActivityTexas

Packaging Firm Signs 97,446 SF Industrial Lease in Metro Dallas

by Taylor Williams

CARROLLTON, TEXAS — Packaging firm Western Industries Corp. has signed a 97,446-square-foot industrial lease at 1200 W. Crosby Road in the northern Dallas suburb of Carrollton. Andrew Gilbert and Keaton Brice represented the landlord, Holt Lunsford Commercial Investments, in the lease negotiations on an internal basis. Mark Miller with NAI Robert Lynn represented the tenant.

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AcquisitionsIndustrialOklahomaSelf-StorageTexas

SkyView Advisors Negotiates Sale of 978-Unit Self-Storage Portfolio in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Tampa-based brokerage firm SkyView Advisors has negotiated the sale of the Shepherd & Mustang Portfolio, a self-storage portfolio in the Oklahoma City area that consists of two properties totaling 145,115 net rentable square feet across 978 units. Scott Schoettlin and Ryan Clark of SkyView Advisors represented the seller, a locally based limited liability company, in the transaction. The buyer is a Texas-based developer that is considering vertically expanding the facilities with climate-controlled space.

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Nove-at-Knox-Dallas
AcquisitionsMultifamilyTexas

KKR, Kairoi Residential Acquire 310-Unit Nove at Knox Apartments in Dallas

by Taylor Williams

DALLAS — A partnership between global investment firm KKR and San Antonio-based development and management firm Kairoi Residential has acquired Nove at Knox, a 310-unit apartment community in the Knox-Henderson area of Dallas. The sellers, California-based KBS and Tennessee-based Southern Land Co., completed the 19-story building earlier this year. Units are furnished with floor-to-ceiling windows, luxury finishes and individual washers and dryers. The amenity package features a pool, fitness center, business center, dog park and outdoor recreation spaces. Kairoi Residential will also manage the property.

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Neuhaus-Lake-Worth
DevelopmentMultifamilyTexas

Flournoy, PointOne Underway on 288-Unit Apartment Community in Lake Worth, Texas

by Taylor Williams

LAKE WORTH, TEXAS — Georgia-based Flournoy Development Group and South Florida-based PointOne Holdings are underway on construction of Neuhaus, a 288-unit apartment community in Lake Worth, a northwestern suburb of Fort Worth. The property will consist of 12 three-story buildings, 48 detached garages and 48 carports on a 14.9-acre site. Amenities will include a pool, fitness center, outdoor grilling stations, clubhouse with gaming areas and multiple dog parks. HEDK is the project architect, and Strategic Construction is the general contractor. Flournoy Properties Group will manage the community. Completion is scheduled for fall 2022.

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