BEAUMONT, TEXAS — Southern Properties Capital, a subsidiary of Dallas-based Transcontinental Realty Investors Inc., has begun leasing Chelsea Apartments, a 144-unit community in Beaumont. Southern Properties acquired the property in 2018 and implemented a value-add program. Chelsea Apartments offers one-, two- and three-bedroom units ranging in size from 618 to 1,239 square feet. Amenities include a pool, fitness center, business center, resident clubhouse, spa and outdoor grilling stations.
ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of the 101-room Homewood Suites Arlington hotel, located near the University of Texas at Arlington and the Arlington Entertainment District. Allan Miller and Chris Gomes of Marcus & Millichap represented the seller, Dallas-based DPG Partners, in the transaction. The duo also procured the buyer, Northwest Airport Management LP.
OKLAHOMA CITY — CBRE has negotiated an 80,246-square-foot industrial lease renewal at 5001 SW 36th St. in Oklahoma City. According to LoopNet Inc., the property was built in 1982, spans 125,000 square feet and is located near Interstate 44 and Will Rogers International Airport. David Portman of CBRE represented the landlord, Sealy OKC Metropolitan I LLC, in the lease negotiations. The representative of the tenant, Biagi Warehousing Inc., a full-service logistics and transportation firm, was not disclosed.
PFLUGERVILLE, TEXAS — The City Council of Pflugerville on Tuesday approved a rezoning ordinance for a 94-acre tract that will house a 3.8-million-square-foot Amazon distribution center, according to multiple news outlets. The City of Pflugerville, located northeast of Austin, has not confirmed Amazon’s involvement, referring to the project as “Project Charm” in City Council documents, but both the Austin Business Journal and the Austin-American Statesman have named Amazon as the facility’s end-user. Amazon also operates an 850,000-square-foot distribution in San Marcos, located midway between the state capital and San Antonio.
AUSTIN, TEXAS — New York-based investment firm Castle Lanterra Properties (CLP) has sold Villas Tech Ridge, a 350-unit apartment community in Austin. Built in 2008, the property is part of the 236-acre Tech Ridge master-planned community and features one-, two- and three-bedroom units. Amenities include a pool, fitness center and a resident clubhouse. CLP acquired the asset in 2016 and implemented a value-add program that upgraded unit interiors and amenity spaces. Villas Tech Ridge was 98 percent occupied at the time of sale.
FORT WORTH — Multifamily developer Wood Partners has opened Alta Champions Circle, a 285-unit community in Fort Worth. The property is located near the recently completed Tanger Outlet Fort Worth and the Texas Motor Speedway. Floor plans include one-, two- and three-bedroom units with full-size washers and dryers and private yards in select units. Amenities include a pool with a tanning deck, fitness center, micro offices, indoor party room, a pet park and outdoor grilling stations.
HOUSTON — Owens & Minor Distribution Inc., a Virginia-based healthcare solutions firm, has signed a 124,044-square-foot industrial lease renewal at 2700 Brittmoore Road in Houston. Jim Cooksey and Adam Faulk of Newmark Knight Frank represented the tenant in the lease negotiations. Stream Realty Partners represented the landlord, G&I IX Kempwood LLC.
AUSTIN, TEXAS — Muskin Commercial LLC has arranged the sale of Palo Santo Apartments, a 72-unit community located in north central Austin. Units at the property feature hardwood-style flooring and upgraded appliances, and amenities include a pool and onsite laundry facilities. Muskin Commercial represented the seller, AL Rundberg Apartments LLC, in the transaction. James Young of Newmark Knight Frank represented the buyer, 1809 West Rundberg Lane LP.
Tony Schmitz, vice president and senior project manager at Dallas-based Hoefer Wysocki, has been leading the architecture and design firm’s sustainability initiatives across all sectors. With an academic foundation in environmental design, Schmitz has most recently taken his green building and design expertise to Collin College, in McKinney, Texas. Sustainability features of the up-and-coming campus include improvements in the areas of water conservation, design strategies and efficient technologies. At Collin College, Schmitz has made strides in the area of resource use reduction, primarily for water. As our most precious natural resource, water usage has recently come under scrutiny in the city of Dallas, where the city council unanimously passed the 2019 Water Conservation Plan. All of Schmitz’s projects have achieved or surpassed their goal of 40 percent water reduction for the last five years. This figure has become a standard for Schmitz, with a goal to increase to 50 percent water reduction and 100 percent for non-potable water reduction. Schmitz, spoke to Texas Real Estate Business about the process of integrating sustainability into all facets of the building industry, as well as the larger role design plays in the construction of highly adaptable and efficient facilities. His edited responses are …
GARLAND, TEXAS — CBRE has arranged the sale of Creekside on the Green, a 296-unit apartment community in Garland, a northeastern suburb of Dallas. Texas-based RS Creekside LLC sold the asset to Roseview Winn Acquisition LLC for an undisclosed price. Chris Deuillet, Chandler Sims and Danny Baker of CBRE arranged the transaction on behalf of the seller. Since 2016, Creekside on the Green has received more than $1 million in capital improvements, including full upgrades to approximately one-third of the units and improvements to the leasing office, fitness center and pool area.
