AUSTIN, TEXAS — Priority Capital Advisory (PCA), a Los Angeles-based financial intermediary, has arranged a loan of an undisclosed amount for the refinancing of Chapman 71, an industrial outdoor storage (IOS) facility in South Austin. Built in the 1970s, the property consists of seven buildings on a 13-acre site at 5001 E. Ben White Blvd. Building features include 12 dock-high doors, 23 grade doors, 25 parking spaces and 16- to 25-foot clear heights. An undisclosed bank provided the nonrecourse financing to the owner, Austin-based PlaceMKR, which will use the proceeds to cash out and recapitalize the property. Chapman 71 was fully leased at the time of the loan closing.
AUSTIN, TEXAS — Quantic Wenzel has opened its new 45,000-square-foot headquarters facility in Austin. The electronics manufacturer relocated from a site about a quarter-mile away to 1835A Kramer Lane on the city’s north side. The new facility features a cleanroom, expanded engineering labs and optimized manufacturing areas to enhance production. Bo Beacham, John Barksdale, Mark Emerick and Kyle Lewis of CBRE represented Quantic Wenzel in its site selection and lease negotiations.
BAYTOWN, TEXAS — Dallas-based EōS Fitness has leased 40,000 square feet of retail space in Baytown, an eastern suburb of Houston, for a new gym. The space is located within San Jacinto Marketplace, which is a redevelopment of the former San Jacinto Mall. Locally based developer Fidelis Realty Partners owns San Jacinto Marketplace. The opening is slated for 2027.
GRANBURY, TEXAS — Locally based developer Realty Capital is underway on construction of a 47-acre mixed-use development in Granbury, located southwest of Fort Worth. Known as LakeView Landing, the development will feature both single-family (105 homes) and multifamily (289 units) residential components, retail and restaurant space, a hotel that will be operated under the SpringHill Suites by Marriott flag and a lakefront public park. Texas Bank & Trust provided construction financing for the project, and the City of Granbury has also partnered with Realty Capital on the project. Full completion is slated for 2028.
FORNEY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., has begun leasing a 336-unit multifamily project in the eastern Dallas suburb of Forney. Rylan at Gateway consists of five three-story buildings on a 14-acre site. Units come in studio, one- and two-bedroom formats and range in size from 540 to 1,360 square feet. Amenities include a pool, outdoor kitchen and gaming courtyard, fitness center, coworking lounge, coffee bar and two dog parks. JHP Architecture designed the project, and BBL Building Co. served as the general contractor. Monthly rents start at under $1,000 for a studio apartment. Construction began in April 2023.
GARLAND, TEXAS — Marcus & Millichap has brokered the sale of Storage Fit, a 140-unit self-storage facility in Garland, a northeastern suburb of Dallas. The facility is located at 3701 Dividend Drive and features 47,539 net rentable square feet. A West Coast-based 1031 exchange investor sold the property to a private, locally based investment group for an undisclosed price. Danny Cunningham and Brandon Karr of Marcus & Millichap brokered the deal.
PARIS, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of The Gardens Apartments, a 52-unit multifamily complex in Paris, about 115 miles northeast of Dallas. The property was built in 1970 and expanded in 2017, and unit interiors were recently upgraded. According to Apartments.com, residences come in one-, two- and three-bedroom units. Yonnic Land of TMG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
DALLAS — Holt Lunsford Commercial has negotiated a 46,000-square-foot industrial lease at 904 Regal Row in northwest Dallas. Sam Crain, Harrison Davis and Oliver Day of Holt Lunsford represented the tenant, Fresh from Texas LLC, in the lease negotiations. Kevin Griffiths and Michael Haggar with JLL represented the undisclosed landlord. Information on the property was not available via LoopNet.
By Jonathan Brown of JHP Architecture/Urban Design The essence of a thriving city lies in its diversity. Dynamic urban landscapes can achieve this effect by offering a robust mix of uses that cater to a wide range of people, keeping their streets and buildings lively and vibrant throughout the day and into the night. City administrators, architects and master planners have long sought the alchemical mixture for this success. However, zoning codes for various municipalities can often read like complex recipes: A cup of residential here, a few ounces of retail there, a pinch of municipal infrastructure all around, a dash of hidden parking and a sprinkling of community open space to really tie the flavors together! Successful placemaking is not simply the sum composition of all its parts; it requires thoughtful integration and balance. With today’s housing shortages, multifamily developments make sense, but integrating retail uses within those projects is challenging. This is despite the fact that many comprehensive plans and zoning codes mandate specific retail quotas, which may not be easily supported by the economics. Creating vibrant, engaging spaces requires more than just ticking boxes in the zoning code. Stakeholders want to avoid ending up with a …
SAGINAW, TEXAS — Marcus & Millichap has brokered the sale of Ashton, a 152-unit apartment complex in Saginaw, a northern suburb of Fort Worth. Ashton is a 15-building community that was constructed on approximately eight acres in 1984 and recently received capital improvements to unit interiors and common areas. Residences come in one- and two-bedroom floor plans and include private balconies/patios. The amenity package consists of a pool, clubhouse, dog park and outdoor grilling and dining stations. Ford Braly, Al Silva and Dylan York of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.