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Texas

Grand-Living-at-The-Grove-Austin
DevelopmentMultifamilySeniors HousingTexas

Joint Venture to Develop 220-Unit Grand Living Seniors Housing Community in Austin

by Taylor Williams

AUSTIN, TEXAS — A joint venture between Minneapolis-based Ryan Cos., Grand Living and Castletop Capital will develop Grand Living at The Grove, a 260,000-square-foot seniors housing community in the Oakmont Heights neighborhood of Austin. The community will feature 186 independent and assisted living units, as well as a 34-unit memory care wing. Ryan Cos. is the co-developer and design-build firm; Castletop Capital is the master plan developer, and Grand Living will operate the community upon completion. Construction is set to begin next summer. The project will be the fourth Grand Living community in Texas.

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IndustrialLeasing ActivityTexas

Careismatic Brands Signs 152,225 SF Industrial Lease in Dallas

by Taylor Williams

DALLAS — Careismatic Brands Inc., a California-based apparel and textile provider, has signed a 152,225-square-foot industrial lease at Turnpike Distribution Center 4, located at 2130 French Settlement Road in Dallas. According to LoopNet Inc., the property sits on 11.5 acres and totals 312,188 square feet. Gary Lindsey of Newmark represented the tenant in the lease negotiations. Younger Partners represented the landlord, BCO Turnpike Ltd.

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AcquisitionsRetailTexas

Weitzman Brokers Sale of 34,448 SF Weatherford Commons Retail Center Near Fort Worth

by Taylor Williams

WEATHERFORD, TEXAS — Weitzman has brokered the sale of Weatherford Commons, a 34,448-square-foot retail center located in the western Fort Worth suburb of Weatherford. Shadow-anchored by a Walmart Supercenter, the property houses tenants such as Starbucks, T-Mobile, Great Clips and GameStop. Gretchen Miller and Matthew Rosenfeld of Weitzman represented the locally based seller in the transaction. The buyer and sales price were also not disclosed.

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IndustrialLoansSelf-StorageTexas

Terrydale Capital Arranges $1.2M Acquisition Loan for Self-Storage Asset in Lindale, Texas

by Taylor Williams

LINDALE, TEXAS — Terrydale Capital, a Dallas-based financial intermediary, has arranged a $1.2 million acquisition loan for a self-storage asset in Lindale, located outside of Tyler in East Texas. Cody Baker of Terrydale Capital arranged the loan, which carried a fixed 4.25 percent interest rate for five years, a 25-year amortization schedule and one year of interest-only payments, through an undisclosed bank. The borrower was also undisclosed.

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District-121-McKinney
DevelopmentMixed-UseTexas

Craig International Unveils Plans for $250M District 121 Mixed-Use Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Developer Craig International has unveiled plans for District 121, a $250 million mixed-use project that will be located on 17.5 acres next to the Craig Ranch master-planned community in McKinney. Phase I of the project consists of a 200,000-square-foot office building by Kaizen Development that is currently under construction, as well as 40,000 square feet of retail and restaurant space, an 800-space parking garage and green space known as The Commons. District 121 will eventually include 520,000 square feet of office space and a hotel. SHOP Cos. has been tapped to lease the retail and restaurant space.

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AcquisitionsRetailTexas

Big V Property Group Acquires 1 MSF RIM Shopping Center in San Antonio

by Taylor Williams

SAN ANTONIO — Big V Property Group, a Charlotte-based retail owner-operator, has acquired The RIM Shopping Center, a 1 million-square-foot retail and restaurant destination in San Antonio. Big V acquired the property, which is part of a larger mixed-use development, in partnership with New York-based Kimco Realty and San Diego-based Equity Street Capital. Big V will also manage the property. Chris Gerard, Barry Brown, Ryan Shore, Danny Finkle, Jeremy Womack, Matthew Wheeler and Robby Westerfield of JLL represented the seller, HGR Liquidating Trust, a fund sponsored by Hines, in the transaction. Jim Curtin, Christopher Drew, Timothy Joyce and Rex Cruz of JLL arranged acquisition financing on behalf of the new ownership.

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NOUN-Hotel-Norman-Oklahoma
DevelopmentHospitalityOklahomaTexas

Lambert Breaks Ground on 92-Room NOUN Hotel in Norman, Oklahoma

by Taylor Williams

NORMAN, OKLA. — Lambert, a hospitality development and management firm, has broken ground on the NOUN Hotel, a boutique property that will be situated near the University of Oklahoma’s campus in the downtown area. The hotel will 92 guestrooms, including two 900-square-foot suites, as well as a banquet room and several bars with indoor and outdoor seating. Completion is slated for summer 2022.

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IndustrialLeasing ActivityTexas

ABC Supply Signs 44,200 SF Industrial Lease in Waco

by Taylor Williams

WACO, TEXAS — ABC Supply Co., a Wisconsin-based provider of roofing products, windows and gutters, has signed a 44,200-square-foot industrial lease at 1212 LaSalle Ave. in Waco. The building features 14- to 18-foot clear heights, nine grade-level overhead doors and office space. Josh Carter of Coldwell Banker Commercial represented the landlord, California-based Mission Linen Supply, in the lease negotiations. Dan Spika of Henry S. Miller Brokerage represented the tenant.

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Leasing ActivityOfficeTexas

Office Evolution Opens 7,064 SF Coworking Space in San Antonio

by Taylor Williams

SAN ANTONIO — Colorado-based coworking concept Office Evolution has opened a 7,064-square-foot space at Plaza Las Campanas, a shopping center located at 1846 N Loop 1604 W. in San Antonio. The space includes both common workspaces and private offices. The space is Office Evolution’s first in San Antonio. Following the opening of its San Antonio space, Office Evolution announced that it would open its first coworking concept in Austin in mid-May. That space will be located at 8911 N. Capital Texas Highway and will span 7,845 square feet.

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Park-845-Crossing-Houston
AcquisitionsIndustrialTexas

Equus Capital Partners Buys 757,325 SF Industrial Park in Houston

by Taylor Williams

HOUSTON — Philadelphia-based Equus Capital Partners has purchased a 757,325-square-foot industrial park located near the junction of Interstate 45 and Beltway 8 in Houston. The development consists of three rear-load buildings and two cross-dock buildings that were constructed between 2008 and 2014. The buildings were 62 percent leased to 11 tenants at the time of sale. Equus plans to implement a capital improvement program and to rebrand the properties as Park 845 Crossing. Rusty Tamlyn, Trent Agnew, Charlie Strauss,  Katherine Miller and Jack Moody of JLL represented the seller, a joint venture between IDI Logistics and Heitman, in the transaction. John Ream, Michael Johnson and Stuart Hepler of JLL arranged $55 million in floating-rate acquisition financing on behalf of the buyer.

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