Texas

MetroNational, Slate Complete 333-Unit Apartment Community in Houston

by Taylor Williams September 9, 2019

HOUSTON — A partnership between MetroNational and Slate Real Estate Partners has completed The McAdams, a 333-unit apartment community located in the Memorial City area of Houston. The property offers a mix of one-, two- and three-bedroom units ranging in size from 563 to 1,821 square feet and features custom cabinetry and stainless steel appliances. Amenities include a rooftop pool, resident lounge, fitness center, a game room and a pet park. Rents at The McAdams range from $1,515 to $4,865 for a three-bedroom unit, according to The Houston Chronicle.

September 9, 2019

Acquisitions Office Texas

Admiral Capital Group Acquires 249,564 SF Office Building in Dallas

by Taylor Williams September 9, 2019

DALLAS — Private equity investment firm Admiral Capital Group has acquired Fourteen555, a 249,564-square-foot, Class A office building located in the Lower Tollway submarket of Dallas. The seller, Cawley Partners, developed the asset in 2018. Amenities at the six-story property a full-service restaurant, a fitness center and a covered terrace with lounge seating. BOKA Powell designed the building.

September 9, 2019

Loans Retail Texas

Berkadia Arranges $15.4M CMBS Loan for Retail Asset Near San Antonio

by Taylor Williams September 9, 2019

NEW BRAUNFELS, TEXAS — Berkadia has arranged a $15.4 million CMBS loan for the refinancing of Courtyard Plaza, a retail strip center located near I-35 in New Braunfels, a suburb of San Antonio. Argentic provided the loan, which carries a 10-year term and a fixed interest rate. The borrower was not disclosed. The deal closed on August 27.

September 9, 2019

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 30,942 SF Retail Strip Center in Houston

by Taylor Williams September 9, 2019

HOUSTON — Marcus & Millichap has arranged the sale of a 30,942-square-foot retail strip center located at 5301 Telephone Road in Houston. Pep Boys and Melrose, an apparel retailer, anchor the property. Gus Lagos and Nik Kapetanakis of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Lagos also secured the buyer, another limited liability company.

September 9, 2019

Industrial Leasing Activity Texas

Goodyear Signs 13,986 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams September 9, 2019

GARLAND, TEXAS — The Goodyear Tire & Rubber Co. has signed a 13,986-square-foot industrial lease renewal at 2820 Market St. in Garland, a northeastern suburb of Dallas. According to LoopNet Inc., the property was built on 2.3 acres in 1994. Ryan Boozer of Stream Realty Partners represented the landlord, 2820 Market Street Ltd., in the lease negotiations. Tim Vogds of CBRE represented the tenant.

September 9, 2019

Acquisitions Multifamily Texas

IPA Arranges Sale of New Apartment Community in South Austin

by Taylor Williams September 6, 2019

AUSTIN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Estancia Villas, a newly built, 312-unit apartment community in south Austin. The property is part of the 600-acre master-planned community of Estancia Hill Country, which upon completion will feature 130 acres of parks and nearly 280,000 square feet of retail and dining. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and developer, JCI Residential. The buyer, Steadfast Cos., purchased the property for an undisclosed price.

September 6, 2019

Loans Retail Texas

Berkadia Secures $18.9M CMBS Financing for Two Retail Properties in Metro San Antonio, Dallas

by Taylor Williams September 6, 2019

GARLAND,TEXAS — Berkadia has arranged CMBS financing totaling $18.9 million for two retail properties near San Antonio and Dallas. The financing included a $15.4 million, 10-year loan that Argentic provided for Courtyard Plaza, a retail strip center located at 155 S. Interstate 35 in the San Antonio suburb of New Braunfels. The other deal was a 10-year, $3.5 million loan that Wells Fargo provided for Duck Creek Community Shopping Center, a retail center located at 5006 N. Jupiter Road in the Dallas suburb of Garland. Joseph Hevey Jr. of Berkadia’s Dallas office arranged the loans on behalf of the borrower, an affiliate of Dallas-based Retail Plazas Inc.

September 6, 2019

Development Multifamily Seniors Housing Texas

Civitas, StoneCreek Open 96-Unit Seniors Housing Community in Metro Fort Worth

by Taylor Williams September 6, 2019

NORTH RICHLAND HILLS, TEXAS — Civitas Senior Living and StoneCreek Real Estate Partners have opened StoneCreek Senior Living at North Richland Hills. The property is located at 8505 Mid-Cities Blvd. in North Richland Hills, about 13 miles northeast of downtown Fort Worth. The seniors housing community offers 70 assisted living units, 16 memory care residences and 10 independent living cottages. Amenities include landscaped courtyards, a fitness center, full-service salon and a library. The Civitas-Stonecreek partnership has another seniors housing community in the works in Colorado Springs.

September 6, 2019

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 8,120 SF Retail Strip Center in Fort Worth

by Taylor Williams September 6, 2019

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of 4817 Brentwood Stair, an 8,120-square-foot retail strip center in Fort Worth. The property was built on roughly half an acre in 1977 near the intersection of Interstate 30 and Loop 820. Philip Levy of Marcus & Millichap marketed the property, which was 90 percent leased at the time of sale, on behalf of the seller, a private investor. Additional terms of sale were not disclosed.

September 6, 2019

Acquisitions Industrial Office Texas

Cypressbrook Negotiates Sale of 28,896 SF Office/Warehouse Property in Houston

by Taylor Williams September 6, 2019

HOUSTON — Cypressbrook Co. has negotiated the sale of a 28,896-square-foot office/warehouse property located at 23219 West Hardy Road in Houston. According to LoopNet Inc., the property was built on 1998 and features 22-foot clear heights. Greg Usher of Cypressbrook represented the seller, WHRM Hardy Investments LLC, in the sale. Margaret Ann Cook of Fritsche Anderson Realty Partners represented the buyer, ieSmart Systems LLC.

September 6, 2019

Newer Posts

Older Posts