HOUSTON — Locally based investment firm Triten Real Estate Partners has sold a portfolio of 11 industrial outdoor storage (IOS) facilities totaling 117 acres in Houston. The facilities are located just east of the downtown area and were fully leased at the time of sale to tenants in industries such as transportation, distribution, freight and materials supply. CBRE marketed the portfolio for sale. The buyer and sales price were not disclosed.
ARLINGTON, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Bella Vida, an 84-unit apartment complex in Arlington. Built in 1984, the property offers one- and two-bedroom units as well as a pool and onsite laundry facilities. Private balconies are also available in select residences. The buyer and seller were not disclosed.
HOUSTON — Metro Philadelphia-based CenterSquare Investment Management has acquired Shops at Aliana Trace, a 40,000-square-foot retail center in West Houston. The center, which is adjacent to a Costco, was fully leased at the time of sale to tenants such as Big Blue Swim, Salon by JC and Wayback Burgers. CBRE brokered the deal. The seller and sales price were not disclosed.
SAN ANTONIO — Newmark has brokered the sale of The Flats at Big Tex, a 336-unit apartment community in downtown San Antonio. The property offers studio, one- and two-bedroom units that range in size from 530 to 1,391 square feet. Amenities include a pool, fitness center, rooftop terrace, Wi-Fi café and walking/biking trails. Patton Jones, Matt Michelson and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. San Antonio-based Kairoi Residential acquired the property. The sales price was not disclosed.
DALLAS — Texas-based investment firm SkyWalker Property Partners has purchased The Crossings, a 232,541-square-foot office building in North Dallas. The 10-story building was constructed in 1986 on a 2.6-acre site along the Lyndon B. Johnson Freeway and was renovated in 2018. Todd Savage of Cushman & Wakefield, along with Ben Esterer and Keenan Ryan of JLL, represented the seller, Goddard Investment Group, in the transaction. Jack Mock and Chris Aguilar represented SkyWalker, which plans to upgrade select areas, on an internal basis.
AUSTIN, TEXAS — Houston-based Lionstone Investments has sold University Park, a 206,657-square-foot office building located just north of downtown Austin for $26 million. The building was constructed in 2008 and was approximately 20 percent leased at the time of sale. Ryan Stevens and Drew Fuller of JLL represented Lionstone in the transaction. The City of Austin purchased the building and plans to occupy the space as well.
ALVIN, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Highland Square, a 104-unit apartment complex located southeast of Houston in Alvin. The complex was built in 1973 and offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. The buyer and seller were not disclosed.
NEW CANEY, TEXAS — Havertys Furniture will open a 41,500-square-foot showroom at Valley Ranch, a master-planned development located northeast of Houston in New Caney. The space will feature an open layout and will be the third in the greater Houston area for the Atlanta-based retailer. The opening is slated for the fall. Signorelli Co. owns Valley Ranch.
CORPUS CHRISTI, TEXAS — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $36 million bridge loan for the refinancing of La Joya by Azali, a 336-unit waterfront apartment community in Corpus Christi. The property comprises 14 three-story residential buildings that house 120 one-bedroom units, 192 two-bedroom residences and 24 three-bedroom apartments. Units feature granite countertops, stainless steel appliances and private patios/balconies. Amenities include a pool, fitness center, business center, clubhouse, dog park, playground, media/game room, demonstration kitchen, conference room, billiards lounge and outdoor grilling and dining stations. The borrower was Azali Homes.
MONTGOMERY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Harbor Shores, a 284-unit apartment community located north of Houston in Montgomery. The property, which was built in phases between 2016 and 2023, is located on the shores of Lake Conroe and offers one-, two- and three-bedroom units. Amenities include two pools, pickleball courts, a fitness center, clubhouse, and business center. Greg Austin, Travis Austin, Jackson Hart and Will Balthrope of IPA, along with Kyle Devillier of Marcus & Millichap, represented the seller, an entity doing business as NRG Conroe Villas LP, in the transaction. The quintet also procured the buyer, CEG Multifamily.
