Texas

JLL Negotiates Sale of 173,344 SF Kroger-Anchored Shopping Center in Metro Houston

by Taylor Williams November 13, 2019

CYPRESS, TEXAS — JLL has negotiated the sale of Cypress Pointe, a 173,344-square-foot, Kroger-anchored shopping center in the Houston metro of Cypress. The center was 99 percent leased at the time of sale. George Cushing, Wendy Vandeventer and Meaghan Gallacher of JLL represented the seller, Weingarten Realty Investors, which recently acquired a Kroger-anchored center in Houston, in the transaction. In addition, Cortney Cole and James Brolan of JLL placed a 10-year, fixed-rate acquisition loan through Morgan Stanley on behalf of the Houston-based buyer, Tarantino Properties.

November 13, 2019

Acquisitions Multifamily Texas

Venterra Realty Sells 186-Unit Champions Woods Apartments in Northwest Houston

by Taylor Williams November 13, 2019

HOUSTON — Venterra Realty has sold Champions Woods Apartments, a 186-unit multifamily community in northwest Houston. The property features one- and two-bedroom units in various configurations that are equipped with garden tubs, built-in shelving, large walk-in closets and private balconies. Amenities include a swimming pool with waterfall, hot tub, outdoor entertainment pavilion with a grilling area, renovated fitness center and a cybercafé. Bob Heard, Chip Nash and Greg Austin of JLL handled the transaction on behalf of Venterra. James Brolan of JLL arranged a 10-year, floating-rate acquisition loan through Freddie Mac on behalf of the buyer, Haven Realty Capital.

November 13, 2019

Acquisitions Office Texas

Southwest Transplant Alliance Sells 33,561 SF Office Building in Dallas

by Taylor Williams November 13, 2019

DALLAS — Southwest Transplant Alliance, a non-profit organ recovery organization, has sold a 33,561-square-foot office building in Dallas that served as its headquarters for 10 years. Mike Gosslee of Cushman & Wakefield represented Southwest Transplant Alliance, which will relocate to a 77,000-square-foot building that is currently under construction, in the transaction. Fears | Nachawati, a Dallas-based plaintiffs law practice, acquired the asset for an undisclosed price.

November 13, 2019

Leasing Activity Restaurant Retail Texas

Toasted Yolk Café to Open Three Restaurants in Houston Area in Early 2020

by Taylor Williams November 13, 2019

HOUSTON — The Toasted Yolk Café, a breakfast eatery founded in 2010, will open three new restaurants in the Houston area in early 2020, raising its total store count to 14. The company will open restaurants at Westmont Shopping Center in Beaumont, The Shoppes of Cypress Mill in Cypress and The Crossing at Katy Fulshear in Katy during the first two months of the new year. Paul Vernon and Campbell Vise of Henry S. Miller represented Toasted Yolk Café in the lease negotiations. Following these openings, the restaurant will have 14 locations throughout the Houston area.

November 13, 2019

Civic Development Texas

KDC Breaks Ground on New Facility for The Magdalen House in Dallas

by Taylor Williams November 13, 2019

DALLAS — Locally based developer KDC has broken ground on a new, 8,000-square-foot facility in Dallas for The Magdalen House, a nonprofit organization focused on helping women recover from alcoholism. The new facility will increase the organization’s space by roughly 44 percent. Omniplan is serving as the project architect, and Buford Hawthorne Builders is the general contractor. Completion is scheduled for early 2021.

November 13, 2019

Development Hospitality Texas

Sam Moon Group to Develop 283-Room JW Marriott Hotel in Downtown Dallas

by Taylor Williams November 12, 2019

DALLAS — Sam Moon Group will develop a 283-room JW Marriott hotel at 2000 Ross Ave. in downtown Dallas. The 15-story building, which will be the first hotel of that brand in the city, will be built on top of an existing 10-story parking garage and will feature a restaurant, lobby bar, fitness center, rooftop pool and bar and ballroom/meeting space. HKS Inc. is the project architect, and a general contractor will be selected in the first quarter of 2020. Completion is slated for February 2022.

November 12, 2019

Development Industrial Self-Storage Texas

Arco/Murray Completes 124,000 SF Self-Storage Facility in Austin

by Taylor Williams November 12, 2019

AUSTIN, TEXAS — Dallas-based design-build firm Arco/Murray has completed Oak Hill Self Storage, a 124,000-square-foot facility in Austin. The four-story property features 728 units and includes a 1,500-square-foot office space. Arco/Murray handled the architectural, engineering, permitting and construction of the project on behalf of the Houston-based developer, The Jenkins Organization.

November 12, 2019

Acquisitions Office Texas

Reserve Capital, 2GR Equity Acquire 180,504 SF Office Building in Metro Dallas

by Taylor Williams November 12, 2019

FARMERS BRANCH, TEXAS — A partnership between locally based investment firms Reserve Capital Partners and 2GR Equity has acquired Two Colinas Crossing, a 180,504-square-foot office building located in the northern Dallas metro of Farmers Branch. The Class A property was built in 2000 and houses tenants such as IBM, S&P Global, BBVA and Home Point Financial. Clint Coe, Jason Piering and Jack Crews of JLL brokered the deal. The seller was not disclosed.

November 12, 2019

Acquisitions Retail Texas

Weingarten Realty Buys 117,893 SF Kroger-Anchored Shopping Center in Houston

by Taylor Williams November 12, 2019

HOUSTON — Weingarten Realty Investors has purchased The Shops at Hilshire Village, a 117,893-square-foot, Kroger-anchored shopping center in Houston. Located adjacent to Memorial Villages, the property is situated in a trade area that has 135,000 people within a three-mile radius of the center and an average household income of $117,000. Other tenants include Walgreens, Petco, Starbucks and Domino’s Pizza. The seller was not disclosed.

November 12, 2019

Loans Multifamily Texas

Dougherty Arranges Acquisition Financing for 89-Unit Apartment Community Near Fort Worth

by Taylor Williams November 12, 2019

HALTOM CITY, TEXAS — Dougherty Mortgage LLC has arranged an undisclosed amount of acquisition financing for The Woods of Haltom Apartment Homes, an 89-unit multifamily community located north of Fort Worth. The loan, which carried a 12-year term and a 30-year amortization schedule, was arranged through a partnership with Old Capital Lending for borrower Haltom Woods LLC.

November 12, 2019

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