MISSION, TEXAS — NorthMarq has brokered the sale of Circle T RV & Mobile Home Park, a 270-site manufactured housing community located in the Rio Grande Valley city of Mission. Jared Bosch, Don Vedeen and Chris Michl of NorthMarq represented the seller, Boston Road MHP Inc., and the buyer, Lewis RR Properties Ltd., in the transaction. The sales price was not disclosed.
PLANO, TEXAS — Triten Real Estate Partners, which has offices in Houston and Dallas, has purchased Market Square Mall, a 300,000-square-foot shopping and dining destination that is situated on 26 acres in Plano. Daniel Eng and Calvin Wong of ENGVEST represented the seller, private investor Matthew Loh, in the transaction. Dan Zeltser of SHOP Cos. represented the buyer. The new ownership will redevelop the mall, which was built in the 1980s, into a mixed-use destination. Specific details of the redevelopment plan were not disclosed.
FORT WORTH, TEXAS — Marcus & Millichap has negotiated the sale of The Falls and Oak Village, two adjacent apartment complexes that are situated on a combined 22 acres in Fort Worth. The Falls was built in 1976 and totals 256 units, while Oak Village was constructed in 1980 and comprises 152 units. Amenities include two pools, soccer fields, playgrounds, dog parks, grilling areas, and onsite laundry facilities. Al Silva of Marcus & Millichap represented the seller, Florida-based GreenWater Investments, and procured the buyer, an out-of-state investment group.
DALLAS — New York-based EB Real Estate Group has acquired Plum Meadow, a 270-unit apartment community in South Dallas. The property features one- and two-bedroom units and amenities such as a pool, courtyard and onsite laundry facilities. Thomas Burns, Jay Gunn and William Jarnagin of Berkadia represented the seller, an affiliate of New York-based Iliad Realty Group, in the deal. Josh Finley of Berkadia originated an undisclosed amount of Freddie Mac acquisition financing on behalf of EB Real Estate Group.
RICHARDSON, TEXAS — Younger Partners has brokered the sale of Creekview Corporate Center, a two-building, 251,332-square-foot office complex located in the northeastern Dallas metro of Richardson. Scot Farber and Tom Strohbehn of Younger Partners represented the buyer, Pennsylvania-based Exeter Property Group, in the transaction. The seller was locally based owner Beltway Commercial Real Estate.
HOUSTON — JLL has arranged a loan of an undisclosed amount for the refinancing of Memorial Park Place, an 80,349-square-foot office building in Houston. The five-story building was built in 1984 and was 91 percent leased at the time of sale to 33 tenants. Michael Johnson and Kevin McConn of JLL arranged the 10-year, fixed-rate loan through TIAA Commercial Finance on behalf of the borrower, Gupta Partners.
AUSTIN, TEXAS — Buffalo-based Reger Holdings will develop EastVillage, a 425-acre mixed-use project that will be located along the Parmer Lane tech corridor in northeast Austin. Both the Austin American-Statesman and Community Impact Newspaper put the value of the project at approximately $1 billion. Current plans call for approximately 800,000 square feet of office space, 300,000 square feet of retail and restaurant space, three hotels totaling 390 rooms, 2,000 multifamily units, an active adult community and a 150-acre nature preserve. The centerpiece of the development will be a 1.5-acre village green for outdoor events and gatherings, while a network of trails will also connect the various uses. Nearby employers include Samsung, Dell, Amazon and The Home Depot Technology Center. A construction timeline was not released.
SUNNYVALE, TEXAS — Developers Brian Flaherty and Eric Langford, the duo behind the redevelopment of the former Raytheon industrial campus in the northeastern Dallas suburb of Garland, have broken ground on a 643,760-square-foot industrial project in nearby Sunnyvale. The development will consist of two cross-dock buildings with divisibility to 100,000 square feet and 36-foot clear heights that will be built on a speculative basis. Paladin Partners is leasing the project, which is expected to be complete this fall.
IRVING, TEXAS — A partnership between locally based investment firm Cawley Partners and private equity firm Balfour Pacific Capital has acquired Westpoint I, a 150,000-square-foot office building in Irving’s Las Colinas district. Located at 1255 Corporate Drive, the six-story building sits on 5.3 acres and was 91 percent leased at the time of sale. The new ownership plans to upgrade the building’s common areas and add a grab-and-go food service. Parker McCormack and Andrew Levy of JLL represented the seller, New York City-based Highbrook Investors, in the transaction.
HOUSTON — Locally based firm Boyd Commercial has brokered the sale of an 84,200-square-foot industrial building located at 5708 N. Shepherd Drive in North Houston. David Munson and David Boyd of Boyd Commercial represented the seller, the Estate of Frank D. Adams, in the transaction. John Ferruzzo and Nick Peterson of Transwestern represented the buyer, Geirin North Shepherd LLC.