DALLAS — Locally based brokerage firm Davidson Bogel Real Estate has arranged the sale of a 10,250-square-foot industrial building located at 9019 Governors Row in the Brook Hollow area of Dallas. Davidson Bogel represented the buyer in the transaction. Billy Gannon of Transwestern represented the seller. Both parties requested anonymity.
HOUSTON — Locally based investment firm Nitya Capital has acquired One Westchase Center, a 466,025-square-foot office building located at 10777 Westheimer Road in Houston. Built in 1982 and renovated in 2019, the 12-story building features an onsite deli, fitness center and a 2,700-square-foot conference center, as well as a 1,400-space parking garage. Transwestern handles the office building’s leasing assignment, and Griffin Partners manages it.
KATY, TEXAS — Multifamily owner-operator 29th Street Capital has purchased Greenhouse Apartments, a 350-unit multifamily community located at 2040 Greenhouse Road in the western Houston suburb of Katy. Built in 2016, the property offers one-, two- and three-bedroom floor plans with quartz countertops, glass backsplashes, European cabinetry and stainless steel appliances. Amenities include a pool, fitness center, coffee bar, playground, dog park, outdoor grilling areas, conference center and a clubroom. The new ownership will implement a value-add program by upgrading the landscaping, adding a package locker system and making technological improvements.
PRAIRIE VIEW, TEXAS — Los Angeles-based Parkview Financial has provided a $9.5 million construction loan for a 120-unit student housing project in Prairie View, about 50 miles northwest of Houston. The property will serve Prairie View A&M University and represents the first phase of a 390-unit development that will be known as Prairie View Plaza. The first building will consist of 72 one-bedroom units and 48 two-bedroom units with full kitchens and individual washers and dryers. Phase I is expected to be complete in the second quarter of 2021. In addition to the student housing portion, Prairie View Plaza will ultimately include 70 townhomes for sale, 100 apartments and 58,000 square feet of retail space. The borrower was PV Asset Management.
FORT WORTH, TEXAS — Marriott International Inc. will open a 200-room Hotel Drover, one of its Autograph Collection brands, at the historic Fort Worth Stockyards in early 2021. Rooms will feature oversized tubs and wet bars, and guests can enjoy two acres of outdoor space that house a pool, water features, fire pits and a music stage. The hotel will also offer 12,000 square feet of meeting and event space.
MIDLAND, TEXAS — Dick’s Sporting Goods will open a 45,000-square-foot store at Simon’s Property Group’s Midland Park Mall in West Texas. The grand opening will be held over the course of this weekend. The enclosed shopping and dining destination was built in 1980 and is currently anchored by J.C. Penney, Bealls and Ross Dress for Less. Pittsburgh-based Dick’s Sporting Goods, which also opened three new stores in Northeastern malls this month, as well as one in metro Atlanta, is backfilling an anchor space at Midland Park Mall that was previously occupied by Dillard’s.
HOUSTON — Realty.com, a privately held brokerage firm based in Houston, has acquired a 400,000-square-foot office building located at 363 N. Sam Houston Parkway E. on the city’s north side. The 20-story, Class A property was built in 1982 and renovated between 2016 and 2019. Building amenities include a fitness center and a deli, and the new ownership plans to add a tenant lounge with an arcade and kitchen. The transaction marks Realty.com’s first major acquisition in its hometown market. Marty Hogan and Kevin McConn of JLL represented the seller, a California-based private investor, in the deal.
PFLUGERVILLE, TEXAS — Dallas-based Oxford Enterprises has acquired Santa Clara, a 300-unit apartment community located in the northern Austin suburb of Pflugerville. The property was built on 21.5 acres in 2019 and is situated within several miles of the hubs of major employers like Apple, Dell, Oracle, Hewlett-Packard and General Motors. Units feature one-, two- and three-bedroom floor plans with granite countertops, kitchen islands and private balconies and patios. Amenities include a pool, playground, fitness center, business center, movie theater and a dog park. Will Balthrope, Jordan Featherston, Drew Garza and Kent Myers of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Santa Clara LLC, in the transaction. The team also procured Oxford Enterprises as the buyer.
CHANNELVIEW, TEXAS — Hunt Capital Partners has provided $9.8 million in federal low-income housing tax credit equity financing for the construction of The Hollows Apartments. The 192-unit affordable housing community will be located on a 7.5-acre site in Channelview, about 17 miles northeast of Houston. The Hollows will offer 36 one-bedroom, 84 two-bedroom, and 72 three-bedroom units restricted to households earning up to 30, 50 and 70 percent of the area median income. LDG Multifamily LLC is co-developing the project with HCHA Redevelopment Authority Inc., an affiliate of the Harris County Housing Authority. Kelly Grossman Architects LLC is designing the project. Construction is expected to begin in September and to be complete in March 2022.
GRAND PRAIRIE, TEXAS — Chicken N Pickle, an entertainment concept that pairs the food and drink of a chef-driven restaurant with pickleball and other games, will open a restaurant and entertainment venue in the central metroplex city of Grand Prairie. The venue, which is scheduled to open in 2021, will feature indoor and outdoor pickleball courts, lawn games, a rooftop bar and a full-service restaurant. Chicken N Pickle Grand Prairie will also offer clinics for players of all experience levels, as well as professional and amateur tournaments. The company is pursuing a joint venture with the City of Grand Prairie wherein the city will own the land, develop parking needs and lease to Chicken N Pickle for this use. Chicken N Pickle opened its flagship venue in Kansas City in 2017 and also brought its concept to San Antonio earlier this year.