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LoansMultifamilyNorthmarqTexas

Northmarq Provides $43.4M Agency Loan for Refinancing of Metro Houston Apartment Complex

by Taylor Williams

PEARLAND, TEXAS — Northmarq has provided a $43.4 million Freddie Mac loan for the refinancing of Avenues at Shadow Creek Ranch, an apartment complex located in the southern Houston suburb of Pearland. According to Apartments.com, the property was built in 2013 and totals 300 units. Residences come in one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, outdoor grilling and dining stations, game room and a car care center. Greg Duvall led the Northmarq team that originated the seven-year, fixed-rate loan. The borrower was not disclosed.

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Life SciencesLoansTexas

Berkadia Arranges $16.1M Loan for Refinancing of North Houston Life Sciences Facility

by Taylor Williams

HOUSTON — Berkadia has arranged a $16.1 million loan for the refinancing of a 48,440-square-foot life sciences facility in Houston. The property at 4551 Kennedy Commerce Drive is located on the city’s north side and was fully leased at the time of the loan closing to CellReady, a provider of gene therapy solutions. Sabrina Solomiany, Patrick Abeln and Mike Cerny of Berkadia arranged the five-year loan, which carried a 6.7 percent fixed interest rate and a 30-year amortization schedule, on behalf of the borrower, Houston-based DC Partners. The direct lender was not disclosed.

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AcquisitionsIndustrialTexas

MDH Partners Acquires 70,000 SF Industrial Building in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Atlanta-based investment firm MDH Partners has acquired a 70,000-square-foot industrial building in the Rio Grande Valley city of Laredo. Completed in 2023, the building is located within North Laredo Industrial Park and features 27-foot clear heights, 35 overhead doors, 3,500 square feet of office space and parking for 50 cars and 73 trailers. Alfonso Jasso with Forum CRE represented the undisclosed seller in the transaction. The building was fully leased at the time of sale.

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IndustrialLeasing ActivityTexas

D&R Signs Inks 44,978 SF Industrial Lease in Uptown Houston

by Taylor Williams

HOUSTON — D&R Signs has inked a 44,978-square-foot industrial lease in Houston. The space is located within Constellation Post Oak, a two-building, 424,011-square-foot development in the Uptown area that features 32- to 36-foot clear heights. Zack Taylor and Barkley Peschel of Colliers represented the landlord, a partnership between Constellation Real Estate Partners and an affiliate of Crow Holdings Capital, in the lease negotiations. Heath Donica of Stream Realty Partners represented the tenant.

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AcquisitionsIndustrialTexas

IOV Buys 2.2-Acre Industrial Outdoor Storage Facility in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Illinois-based Industrial Outdoor Ventures (IOV) has purchased a 2.2-acre industrial outdoor storage (IOS) facility in Garland, a northeastern suburb of Dallas. The property at 2130 Hightower Drive houses a 7,368-square-foot building with eight drive-in doors. Caleb McCoy and Paul Davis of JLL represented the undisclosed seller in the transaction and are marketing the facility for lease.

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HospitalityLoansTexas

CIM Group Funds $90M Loan for Refinancing of Downright Austin Hotel

by Taylor Williams

AUSTIN, TEXAS — Los Angeles-based CIM Group has funded a $90 million loan for the refinancing of the 367-room Downright Austin hotel, located at 701 E. 11th St. in the state capital’s downtown area. The 16-story hotel, which was recently renovated, is operated under the Renaissance by Marriott brand and offers amenities such as a fitness center, outdoor pool, café, multiple onsite food-and-beverage options and approximately 30,000 square feet indoor/outdoor meeting and event space. Suites are also available as part of the accommodations package. The borrower is Brookfield Asset Management.

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LoansMultifamilyNorthmarqTexas

Northmarq Provides $25.2M Agency Loan for Refinancing of Metro Houston Apartment Complex

by Taylor Williams

KATY, TEXAS — Northmarq has provided a $25.2 million Freddie Mac loan for the refinancing of Waterstone at Cinco Ranch, an apartment complex located in the western Houston suburb of Katy. According to Apartments.com, the property was built in 2013 and totals 206 units. Residences come in one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, outdoor grilling and dining stations, game room and a car care center. Greg Duvall led the Northmarq team that originated the seven-year, fixed-rate loan. The borrower was not disclosed.

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The-Monarch-Allen
LoansMultifamilyTexas

JLL Arranges Construction Financing for 325-Unit Multifamily Project in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — JLL has arranged an undisclosed amount of construction financing for The Monarch, a 325-unit multifamily project in the northeastern Dallas suburb of Allen. The Monarch will be situated on 4.7 acres and will offer one-, two- and three-bedroom units with an average size of 931 square feet. Amenities will include a pool, fitness center and outdoor grilling and dining stations. John Brownlee, Bo Beidleman, Chad Lisbeth and Jordan Buck of JLL arranged the four-year, floating -rate loan through Kennedy Wilson on behalf of the developer, Zale Properties. Completion is slated for the first quarter of 2027.

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AcquisitionsRetailTexas

Woodmont Co. Negotiates Sale of 85,421 SF Retail Property in Grapevine, Texas

by Taylor Williams

GRAPEVINE, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated the sale of Grapevine Centre, an 85,421-square-foot retail property located in the northern-central part of the metroplex. The center was fully leased at the time of sale to tenants such as Petco, Harbor Freight Tools, Joann Fabrics, Dollar Tree and Angel’s Attic. Russel Wehsener and Bryan Dyer of Woodmont represented the seller in the transaction. Roger Smeltzer of Vision Commercial represented the undisclosed buyer.

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AcquisitionsIndustrialTexas

IOV Buys 3.6-Acre Industrial Outdoor Storage Facility in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Illinois-based Industrial Outdoor Ventures (IOV) has purchased a 3.6-acre industrial outdoor storage (IOS) facility in Garland, a northeastern suburb of Dallas. The property at 2210 Hightower Drive houses an 18,564-square-foot building with 20-foot clear heights and six drive-in doors. Caleb McCoy and Paul Davis of JLL represented the undisclosed seller in the transaction and are marketing the facility for lease.

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