FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of The Apartments at Fountains Center, a 418-unit multifamily community in Fort Worth. The property spans 62 buildings across 18.5 acres and offers proximity to Hulen Mall, Texas Christian University and downtown Fort Worth. Al Silva of Marcus & Millichap represented the seller, WAK Management, in the transaction. Silva also procured the buyer, a Texas-based private investment firm.
LUBBOCK, TEXAS — The Multifamily Group (TMG) has brokered the sale of Lubbock Lakeway, a 120-unit multifamily property in West Texas. The community offers one-, two- and three-bedroom units and amenities such as a pool, basketball court, tennis court and onsite laundry facilities. Paul Yazbeck, Bryce Smith, Jon Krebbs and Chibuzor Nnaji Jr. of TMG represented the seller, a Dallas-based investment group, in the transaction. Other terms of sale were not disclosed.
IRVING, TEXAS — Avenger Flight Group LLC has signed a 116,640-square-foot industrial lease at Valley View at DFW Center, a 294,795-square-foot property in Irving, for its second flight simulation training center in North Texas. The deal represents an expansion for the company, which entered the market three years ago with a 40,000-square-foot lease in Fort Worth. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented Avenger Flight Group in its site selection and lease negotiations.
ROUND ROCK AND SAN ANTONIO, TEXAS — Capital Square 1031 has purchased two healthcare facilities totaling 35,000 square feet in Central Texas. The first property is a 15,000-square-foot building located in the northern Austin suburb of Round Rock, and the second building is a 20,000-square-foot asset in San Antonio. Both properties were purpose-built in 2018 for NeuroRestorative to use as a post-acute, neuro-rehabilitation facility for people with brain, spinal cord and medically complex injuries.
FORT WORTH, TEXAS — Dallas-based brokerage firm Holt Lunsford Commercial has negotiated a 217,537-square-foot industrial lease at Everman Trade Center, a four-building development located near Interstates 20 and 35 in Fort Worth. Everman Trade Center features 24- to 32-foot clear heights, 621 car parking spaces and ESFR sprinkler systems. Matt Carthey and Thomas Grafton with Holt Lunsford Commercial represented the landlord, Everman Trade Center LP. Jamie Galati and Sky Groden with JLL represented the tenant.
AMARILLO, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Morton Place, a 168-unit community in Amarillo that also includes 116 storage units. The property features one- and two-bedroom units and amenities such as two pools, outdoor picnic areas, a fitness center and a business center. Paul Yazbeck, Jon Krebbs, Bryce Smith and Chibuzor Nnaji Jr. of TMG represented the Dallas-based seller in the transaction. The buyer was undisclosed.
CYPRESS, TEXAS — Ohio-based healthcare investment firm Woodside Health has purchased Fairfield Plaza, an 83,000-square-foot medical office complex in Cypress, a northwestern suburb of Houston. Built on 9.4 acres in 2014, the property includes retail space and was 93 percent occupied at the time of sale. David Carter of Colliers International represented the seller, Radler LP, in the transaction. Beth Young, also with Colliers, represented Woodside Health.
DALLAS — Greysteel has brokered the sale of 2014 Bennett, a 50-unit multifamily community located in the Knox-Henderson area of Dallas. The property was built in 1971. Doug Banerjee and Andrew Mueller of Greysteel represented the undisclosed seller and procured the buyer, an out-of-state investor. Additional terms of sale were not disclosed.
OKLAHOMA CITY — Arkansas-based Plunkett Distributing has signed a 32,978-square-foot industrial lease at 4001 Will Rogers Parkway in Oklahoma City. Jason Hammock, John Lenochan, Caitlin Mazaheri and Alex Powell of CBRE represented the landlord, Ted R. Davis LLC, in the lease negotiations. The representative of the tenant was not disclosed.
TULSA, OKLA. — Alliant Credit Union has provided a $61.9 million acquisition loan for a seven-property, 1,540-unit multifamily portfolio in Tulsa. The loan was structured with an 80 percent loan-to-value ratio. The borrower was not disclosed. Gershon Friedman of Meridian Capital’s Chicago office placed the debt with Alliant Credit Union.