Texas

Berkadia Arranges Sale of 202-Unit Workforce Housing Community in Houston

by Taylor Williams July 5, 2022

HOUSTON — Berkadia has arranged the sale of Creekside Villas at Clear Lake, a 202-unit workforce housing community in Houston. The property was built in 1979 and offers one-, two- and three-bedroom apartments. Amenities include a lounge with a coffee bar, a resident kitchen, pool, fitness center, outdoor grilling areas and onsite laundry facilities. Joey Rippel, Chris Young, Kyle Whitney, Jeffrey Skipworth, Chris Curry and Todd Marix of Berkadia represented the seller, metro Dallas-based ClearWorth Capital, in the transaction. Cutt Ableson, also with Berkadia, arranged acquisition financing through New York City-based Ready Capital on behalf of the buyer, partnership between Utah-based Trinnium Equity Group and Dallas-based Starboard Equity.

July 5, 2022

Development Multifamily Seniors Housing Texas

Forefront Living Begins Construction of 239-Unit Seniors Housing Project in Plano

by Taylor Williams July 5, 2022

PLANO, TEXAS — Forefront Living has begun construction of The Outlook at Windhaven, a seniors housing community in the northern Dallas suburb of Plano. Architectural firm three designed the 18-acre project. Plans call for 30 independent living cottage homes, 153 independent living apartments and a 56 units of assisted living and memory care in a 530,000-square-foot building. A timeline for completion was not released.

July 5, 2022

Acquisitions Industrial Self-Storage Texas

Fort Capital Acquires 161,753 SF Industrial, Self-Storage Development in Houston

by Taylor Williams July 5, 2022

HOUSTON — Fort Worth-based investment firm Fort Capital has acquired Champions Commerce Park, a development in North Houston that consists of 16 light industrial and self-storage buildings totaling 161,753 square feet. The Class B portfolio had a total occupancy rate of 91 percent at the time of sale. The seller and sales price were not disclosed.

July 5, 2022

Development Multifamily Texas

Resia Begins Work on 576-Unit Apartment Community in Houston’s Energy Corridor

by Taylor Williams July 1, 2022

HOUSTON — Resia, a Miami-based developer formerly known as AHS Residential, has begun construction on Resia Ten Oaks, a 576-unit apartment community that will be located within the 83-acre Ten Oaks master-planned development in Houston’s Energy Corridor. The community will comprise three 12-story buildings that will house one-, two- and three-bedroom units. Amenities will include a pool, fitness center and a resident clubhouse. Gensler is the project architect. Completion is slated for the first quarter of 2024.

July 1, 2022

Acquisitions Industrial Texas

Fort Capital Buys 459,812 SF Light Industrial Portfolio in Northwest Houston

by Taylor Williams July 1, 2022

HOUSTON — Fort Worth-based investment firm Fort Capital has acquired a portfolio of 19 light industrial buildings totaling 459,812 square feet in northwest Houston. At the time of sale, the Class B portfolio was 98 percent leased to 93 tenants in the mechanical, logistics, furniture and fabrication sectors, among others. The seller and sales price were not disclosed.

July 1, 2022

Acquisitions Multifamily Texas

Walker & Dunlop Brokers Sale of 200-Unit Multifamily Property in Richwood, Texas

by Taylor Williams July 1, 2022

RICHWOOD, TEXAS — Walker & Dunlop has brokered the sale of East Bank at Richwood Village, a 200-unit multifamily property located south of Houston in Brazoria County. According to Apartments.com, the property offers one-, two- and three-bedroom units and a pool, fitness center, business center and a resident clubhouse. Ryan Epstein and Jennifer Ray of Walker & Dunlop represented the seller, Pensam Capital, in the transaction.

July 1, 2022

Acquisitions Industrial Texas

Realterm Acquires 186,344 SF Distribution Center Leased to Amazon in Arlington

by Taylor Williams July 1, 2022

ARLINGTON, TEXAS — Global investment manager Realterm has acquired a 186,344-square-foot distribution center in Arlington that is leased to Amazon on a triple-net basis. The facility was originally built on 15.5 acres in 1987 and was upgraded in 2020 to support last-mile distribution. Building features now include 29-foot clear heights, 10 dock-high doors and 338 van parking spaces. John Huguenard, Dustin Volz, Trent Agnew, Stephen Bailey, Dom Espinosa, Zach Riebe and Megan Babovec of JLL represented the seller, Oxford Properties, in the transaction.

July 1, 2022

Acquisitions Office Texas

Coldwell Banker Arranges Sale of 116,000 SF Office Building in Lubbock

by Taylor Williams July 1, 2022

LUBBOCK, TEXAS — Coldwell Banker Commercial has arranged the sale of Pyramid Plaza, a 116,000-square-foot office building in Lubbock. A locally based investment group doing business as Pyramid Plaza Office Building LP purchased the building for an undisclosed price with plans to implement a value-add program. Jordan Wood and Taylor Tucker of Coldwell Banker represented the buyer in the transaction. Scott Womack and Darrell Betts of Avison Young represented the seller, Gemini Rosemont Real Estate.

July 1, 2022

Acquisitions Industrial Texas

JLL Negotiates Sale of 791-Unit Self-Storage Facility in Metro Houston

by Taylor Williams June 30, 2022

SUGAR LAND, TEXAS — JLL has negotiated the sale of Imperial Self Storage, a 791-unit facility located in the southwestern Houston suburb of Sugar Land. Operated by CubeSmart, the property features 94,220 net rentable square feet of climate-controlled space. Steve Mellon and Brian Somoza of JLL represented the seller, SurePoint Self Storage, in the transaction. OB Cos./My Place Self Storage, an investment firm launched by Simply Self Storage founder and former CEO Kurt O’Brien, purchased the facility for an undisclosed price.

June 30, 2022

Development Industrial Texas

Archway Properties to Develop 429,027 SF Industrial Project in Irving

by Taylor Williams June 30, 2022

IRVING, TEXAS — Archway Properties, a developer with offices in Houston and Dallas, will build Royal 114, a 429,027-square-foot industrial project in Irving. Royal 114 will consist of four rear-load buildings that will range in size from 46,261 to 155,050 square feet and will feature 28- to 32-foot clear heights. Pross Design Group is the project architect, and Peinado Construction is the general contractor. Transwestern will lease the property. Construction is set to begin later this summer and to be complete in the first quarter of 2023.

June 30, 2022

Newer Posts

Older Posts