DESOTO, TEXAS — Signature Global Logistics Inc. has signed a 362,288-square-foot industrial lease renewal at I-20 Corporate Center in DeSoto, a southern suburb of Dallas. Ryan Boozer of Stream Realty Partners represented the tenant in the lease negotiations. Bradford Cos. represented the landlord, Series A of CMDS Trust and H&H Paramount LP.
HOUSTON — NAI Partners has negotiated an 8,720-square-foot office lease renewal for Greater Houston Interventional Pain Associates (GHIPA) at 4747 Bellaire Blvd. in Houston. This renewal allows GHIPA to capitalize on the new upgrades currently planned for The Offices at Pin Oak Park. Taylor Wright and Griff Bandy of NAI Partners represented the tenant in the lease negotiations.
FORT WORTH, TEXAS — Callaway Golf Co. will open a 783,465-square-foot distribution center at AllianceTexas, Hillwood’s 26,000-acre master-planned community in Fort Worth. The sporting goods company, which produces and distributes clubs, apparel and other golf accessories, has operated out of AllianceTexas for nearly a decade and is quadrupling its current footprint with this deal. The opening is scheduled for early 2020.
LANCASTER, TEXAS — Dougherty Mortgage LLC has arranged an undisclosed amount of Fannie Mae acquisition financing for Rolling Hills Apartment Homes, a 384-unit asset located in the southern Dallas suburb of Lancaster. The property features a dog park, fitness center, pool and a playground. Dougherty arranged the 12-year loan, which carried a 30-year amortization schedule, through a partnership with Old Capital Lending on behalf of the borrower, RHP202 LLC.
DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Fountains of Woodmeadow, a 241-unit apartment community in Dallas. Built in1985 on five acres, the property is located in the Lake Highlands area north of downtown. Amenities include a pool and an outdoor grilling area. Bard Hoover, Nick Fluellen, Will Balthrope, Drew Kile, Joey Tumminello and Giuseppe Thum of IPA represented the seller, a Dallas-based corporation, in the transaction. The IPA team also secured the buyer, a Los Angeles-based limited liability firm.
HOUSTON — Ilan Investments has broken ground on Arella on Jones, a 229-unit seniors housing community in northwest Houston. The property will offer units averaging 975 square feet. Amenities will include a pool, dog park, outdoor putting green, gaming area, theater room, fitness center, library, salon, business center and a library. Meeks + Partners is the architect for the project, and Spring Valley Construction is the general contractor. The opening is scheduled for summer 2022.
SAN ANTONIO — Ashford Hospitality Trust Inc., a Dallas-based REIT, has sold the 251-room Marriott Plaza San Antonio for $34 million. The sales price represents a capitalization rate of 4.9 percent. Located near the city’s RiverWalk area, the hotel features a fitness center, pool and meeting and event space. The buyer was not disclosed.
AUSTIN, TEXAS — Chicago-based investment and management firm Waterton has acquired a three-property, 950-unit multifamily portfolio in Austin. The garden-style properties include the 390-unit Madison at Stone Creek, the 300-unit Madison at Wells Branch and the 260-unit Madison at Scofield Farms. All properties were built in the 1990s and offer amenities such as pools, fitness centers, dog parks and clubhouses. Waterton will implement a value-add program focused on unit interiors, utility systems and amenity spaces. The seller(s) was not disclosed.
SAN ANTONIO — Berkadia has arranged the sale of Axio Apartments, a 360-unit apartment community in San Antonio. Built in 1982 and renovated in 2016, the property features one-, two- and three-bedroom units and amenities such as a pool and a fitness center, as well as tennis, basketball and volleyball courts. Mike Miller, Will Caruth and Chris Ross of Berkadia represented the seller, Texas-based investment firm Presidium Group, in the transaction. The buyer was not disclosed.
HOUSTON — Lee & Associates has brokered the sale of a 143,332-square-foot industrial property located at 9411 Alcorn St. in Houston. Mike Spears, Derek Riggleman and Robert LaCoure of Lee & Associates represented the seller in the transaction. Abbas Rajabi of Mohegan Capital LLC represented the buyer, Mohegan Alcorn LP.