Texas

Harrison Street Acquires 515-Bed Lyndon Springtown Student Housing Community in San Marcos

by Taylor Williams January 24, 2020

SAN MARCOS, TEXAS — Chicago-based investment firm Harrison Street has acquired The Lyndon at Springtown, a 515-bed student housing community located near Texas State University in San Marcos. The 233-unit property features one-, two- and four-bedroom units and amenities such as an indoor and outdoor fitness center, pet park, pool and a recreation room. Kevin Larimer, Greg Gonzalez, Kelly Witherspoon, Justin Cole and Michael Gonzalez of Berkadia represented the seller, Austin-based Endeavor Real Estate Group, in the transaction.

January 24, 2020

Acquisitions Industrial Self-Storage Texas

SkyView Advisors Brokers Sale of 278-Unit Regal Self Storage Facility in Metro Houston

by Taylor Williams January 24, 2020

SPRING, TEXAS — Tampa-based SkyView Advisors has brokered the sale of Regal Self Storage, a 278-unit facility located in the northern Houston suburb of Spring. The property is situated on 1.8 acres and features 43,025 net rentable square feet. Zack Urow and Ryan Clark of SkyView Advisors represented the seller in the transaction. The buyer and other terms of sale were not disclosed.

January 24, 2020

Acquisitions Industrial Texas

Marcus & Millichap Negotiates Sale of 36,008 SF Industrial Building Near Fort Worth

by Taylor Williams January 24, 2020

HURST, TEXAS — Marcus & Millichap has negotiated the sale of a 36,008-square-foot industrial building leased to Delta Rigging & Tools in Hurst, a northeastern suburb of Fort Worth. Adam Abushagur and Cliff Zimmerman of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were private investors that requested anonymity.

January 24, 2020

Acquisitions Multifamily Texas

Newport Real Estate Acquires Fountains at the Bayou Apartment Community in Houston

by Taylor Williams January 23, 2020

HOUSTON — Newport Real Estate Partners, a newly formed investment firm focused on value-add multifamily properties, has acquired The Fountains at the Bayou, a 460-unit community in Houston. Houston-based investment firm Nitya Capital sold the property in an off-market transaction. Built on eight acres in 1969, the property spans 31 buildings and features amenities such as a pool, clubhouse and playground areas. Newport’s two-year value-add program will center on renovating amenity spaces, upgrading landscaping and signage and rebranding the community as Valencia Grove Apartments.

January 23, 2020

Acquisitions Industrial Texas

Nuveen Real Estate Sells 352,680 SF Beltway North Commerce Center in Houston

by Taylor Williams January 23, 2020

HOUSTON — Nuveen Real Estate has sold Beltway North Commerce Center, a 352,680-square-foot industrial facility in Houston. Built on 23.4 acres in 2015, the property is fully leased to cargo handling firm Air General and logistics firm DB Schenker and offers convenient access to Hardy Toll Road and Beltway 8. Building features include 32-foot clear heights, 110 dock-high doors and 68 trailer parking spaces. Trent Agnew, Rusty Tamlyn, Charlie Strauss and Katherine Miller of JLL represented Nuveen in the transaction. High Street Logistics Properties purchased the asset for an undisclosed price.

January 23, 2020

Acquisitions Multifamily Seniors Housing Texas

Blueprint Brokers Sale of 100-Unit Wyoming Springs Assisted Living Community Near Austin

by Taylor Williams January 23, 2020

ROUND ROCK, TEXAS — Blueprint Healthcare Real Estate Advisors has brokered the sale of Wyoming Springs, a 100-unit assisted living and memory care community in Round Rock, a suburb of Austin. One Liberty Properties Inc., a publicly traded REIT based in New York, sold the property for an undisclosed price. The buyer was a New York-based private equity fund looking to expand its seniors housing presence. Joshua Salzman and Ben Firestone of Blueprint handled the transaction.

January 23, 2020

Acquisitions Multifamily Texas

Marcus & Millichap Arranges Sale of 97-Site Mobile Home Park in Nolanville, Texas

by Taylor Williams January 23, 2020

NOLANVILLE, TEXAS — Marcus & Millichap has arranged the sale of Cimarron Park Estates, a 97-site mobile home park in Nolanville, located near Temple in the central part of the state. The property is situated on roughly 15 acres. Robert Denninger and Brad Dorsey of Marcus & Millichap represented the seller, a private investor, in the transaction. Denninger also procured the buyer, another private investor. Both parties requested anonymity.

January 23, 2020

Industrial Leasing Activity Texas

NKF Negotiates 64,000 SF Industrial Lease in Houston

by Taylor Williams January 23, 2020

HOUSTON — Newmark Knight Frank (NKF) has negotiated a 64,000-square-foot industrial lease at 10515 Okanella St. in Houston. Reid Halverson, Fred Puskarich, Louis Pascuzzi and David Creiner of NKF represented the tenant, Morsco Supply LLC, a distributor of commercial and residential plumbing products, in the lease negotiations. Transwestern represented the landlord, San Francisco-based Prologis.

January 23, 2020

Acquisitions Industrial Texas

NAI Partners Arranges Sale of 409,685 SF Distribution Center in Schertz, Texas

by Taylor Williams January 22, 2020

SCHERTZ, TEXAS — NAI Partners has arranged the sale of a 409,685-square-foot distribution center located at 1150 Schwab Road along the Interstate 35 corridor in the Central Texas city of Schertz. According to LoopNet Inc., the site was developed in 2008, includes 78,500 square feet of office space and houses additional land for future expansion. Carlos Marquez of NAI Partners represented the undisclosed seller in the transaction. The buyer was HPI Real Estate Services & Investments, which acquired the property vacant.

January 22, 2020

Acquisitions Retail Texas

JLL Negotiates Sale of 180,522 SF Marketplace at Towne Center in Metro Dallas

by Taylor Williams January 22, 2020

MESQUITE, TEXAS — JLL has negotiated the sale of Marketplace at Towne Center, a 180,522-square-foot retail center located in the eastern Dallas suburb of Mesquite. Built on 20.5 acres at the corner of U.S. Highway 80 and the Lyndon Johnson Freeway, the property houses tenants such as PetSmart, Ross Dress for Less, Old Navy, Dress Barn, Five Below, Famous Footwear and Applebee’s. Barry Brown, Chris Gerard, Ryan Shore, Aaron Johnson, Ross Crawford and Matthew Wheeler of JLL represented the seller, Ohio-based Retail Value Inc., in the transaction. The buyer was a local private investor.

January 22, 2020

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