HOUSTON — NAI Partners has brokered the sale of a 71,566-square-foot industrial building located at 4545 Langfield Road in northwest Houston. According to LoopNet Inc., the property features 26-foot ceiling heights, 15 dock-high doors and 13,920 square feet of office space. Randy Wilhelm and John Ferruzzo of NAI Partners represented the buyer in the transaction. Bill Rudolf of CBRE represented the seller. Both parties requested anonymity.
EL PASO, TEXAS — Hunt Real Estate Capital has provided two Freddie Mac loans totaling $4 million for a pair of multifamily assets in El Paso. The company provided $2.8 million for the refinancing of the 104-unit Pebble Hills Apartments and $1.2 million for the refinancing of the 64-unit Veranda Apartments. The properties were 98 and 97 percent occupied, respectively, at the time of the loan closing. Both loans were structured with 10-year terms, fixed interest rates and 30-year amortization schedules through Freddie Mac’s Small Balance Loan program. The borrower was Pomajest and Pomajest 2 LLC, a Texas-based entity.
HOUSTON — Dallas-based investment firm Nicholas Residential LLC has acquired a portfolio of six multifamily properties totaling 2,115 units in the Houston area. The properties include Chelsea Park and Riviera Pines in Houston, South Grand at Pecan Grove and Country Club Place in the northern suburb of Richmond, The Veridian in Webster and Skyhawk in Friendswood. Nicholas Residential will implement value-add programs to the communities’ amenity spaces, delivering new fitness centers, as well as upgraded resident clubhouses with coffee bars, pools with outdoor kitchens, dog parks, business centers and game rooms. The seller was Hudson Advisors. Cushman & Wakefield arranged an undisclosed amount of equity on behalf of Nicholas Residential for the acquisition.
SAN ANTONIO — H5 Data Centers, a Denver-based data center operator, has purchased an 85,000-square-foot colocation center located at 100 Taylor St. in San Antonio for $19.5 million. ISP Taylor Telecom previously owned the facility, which is located a block away from AT&T’s regional office. H5 plans to redevelop the property and is in the process of adding more colocation racks. Chris Orr of North Carolina-based Romans Properties represented H5 Data Centers in the deal.
FRISCO, TEXAS — Cardtronics, an operator of ATM machines and financial kiosk services, has expanded its presence by 46,000 square feet at HALL Park in Frisco. The company now occupies 82,000 square feet at 3201 Dallas Parkway, HALL Group’s newest development. Garrold Parratt, Greg Biggs and Kimarie Ankenbrand of JLL represented Cardtronics in the lease negotiations. Kim Butler, Brad Gibson and Cynthia Cowen represented HALL Group internally.
AUSTIN, TEXAS — Goodwill Central Texas has signed a 30,720-square-foot industrial lease at 1309 Rutherford Lane in Austin. The nonprofit organization’s new warehouse space is located within Global Business Park on the city’s north side. Ace Schlameus of JLL represented the landlord in the lease negotiations. Bill Russell, also of JLL, represented Goodwill. A timeline for occupancy of the new space was not released.
HOUSTON — NAI Partners has negotiated a 21,043-square-foot industrial lease at 6633 Lindbergh St. in Houston. Chris Caudill and Jake Wilkinson of NAI Partners represented the landlord, R. Pennington Investments LP, in the lease negotiations. Jeff Peltier and Barrett Gibson of Colliers International represented the tenant, Henek Fluid Purity Systems Inc., an oil field equipment supplier.
RICHARDSON, TEXAS — Dallas-based KDC will develop a 130,000-square-foot powered shell data center within Richardson’s Telecom Corridor in metro Dallas. The project, which is slated for completion by summer 2019, will be KDC’s fifth ground-up data center development in Richardson. The center will feature more than 20 network fiber carriers and an onsite substation for robust power and short electrical feeder runs. Alliance Architects is designing the project and Kimley Horn is the civil engineer.
HOUSTON — Central Southwest Texas Development LLC (CSW) will develop a 1,311-unit self-storage facility at 10411 Westheimer Road in Houston’s Westchase neighborhood. The five-story, 132,350-square-foot property will be located in a neighborhood that features an average annual household income of about $91,000 within a three-mile radius. Griffin Guthneck and C.W. Sheehan of JLL arranged an undisclosed amount of floating-rate construction financing for the project on behalf of CSW. The lender was not disclosed. A timeline for construction has not yet been determined.
CYPRESS, TEXAS — KeyBank Real Estate Capital has closed a $21.1 million Fannie Mae first mortgage loan for the acquisition of Cypress Village, a 273-unit multifamily asset in Cypress, a northwestern suburb of Houston. The property was built in 2008 and comprises 10 three-story buildings. Amenities include a pool, fitness center, media room, putting green, jogging track and volleyball court. Tom Peloquin of KeyBank closed the non-recourse, 12-year loan, which carries a fixed interest rate and a 30-year amortization schedule. The borrower was not disclosed.
