Texas

Baker Katz Purchases Four-Acre Tract in Houston for Indoor Climbing Facility

by Haisten Willis September 22, 2015

HOUSTON — Houston-based Baker Katz has completed a four-acre land acquisition on behalf of Momentum Indoor Climbing. This will be Momentum Indoor Climbing’s first Houston location. The property is located at the intersection of Kingsland Boulevard and Katy Mills Parkway. The 36,000-square-foot facility will feature a rock climbing surface with 50-foot climbing walls, as well as fitness and yoga areas. Ben Brown of Baker Katz represented Momentum Indoor Climbing in the transaction. Simpkins Group’s William Stacy represented the seller. The opening is slated for summer 2016.

September 22, 2015

M&M Arranges Sale of 253-Unit Apartment Building in Amarillo

by Haisten Willis September 22, 2015

AMARILLO, TEXAS — Marcus & Millichap has arranged the sale of Lakeview North & South Apartments, a 253-unit apartment property located in Amarillo. John Barker and Mark Allen of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a limited liability company. Barker and Allen also secured the buyer, another limited liability company. Lakeview North & South Apartments is located at 1600 Dale St. The complex consists of one- and two- bedroom units with an average size of 715 square feet. The property has 42 buildings total.

September 22, 2015

Mixed-Use Retail Texas

Realty Capital Sells Mixed-Use Building in Metro Dallas

by Haisten Willis September 22, 2015

COLLEYVILLE, TEXAS — Irving-based Realty Capital Management LLC has sold a 12,000-square-foot mixed-use building located at 16 Village Lane in Colleyville to SC 16 Village Lane Investment LLC. The building is part of a larger 26-acre mixed-use development known as The Village at Colleyville, which was developed by Realty Capital in 2002. The mixed-use building was fully leased to four retail tenants on the first floor and one office tenant on the second floor. The ground floor tenants include Posh Hair Studio, The Lash Lounge, The Lodge Barbershop and Posh Body. The sole second floor tenant is Ztar Mobile. Realty Capital had owned the building since 2004 when the property was originally delivered. Russ Webb and LeAnn Brown with Silver Oak Commercial Realty represented the seller in the transaction. Holt Lunsford and Matt Carthey with Holt Lunsford Commercial represented the buyer. The Village at Colleyville is located at Main Street and Highway 26 (Colleyville Boulevard).

September 22, 2015

Loans Multifamily Seniors Housing Texas

RED Capital Group Closes $17.2M Loan for Prevarian Senior Living

by Haisten Willis September 22, 2015

BROKEN ARROW, OKLA. — RED Capital Partners, the proprietary debt and equity banking arm of RED Capital Group, has closed a $17.2 million balance sheet construction loan for Prevarian Senior Living to build Prairie House Assisted Living and Memory Care, located on the campus of St. John Medical Center Hospital in Broken Arrow. Prairie House will be a 93,000-square-foot, two-story seniors housing community and will accommodate more than 100 senior citizens. The facility will include 73 alcove, one- and two-bedroom floor plans for assisted living. There will also be 32 suites designed for memory care residents. Construction began Sept. 9 and the project is expected to open in November 2016. The 105-unit, 117-bed assisted living and memory care property will operate under a long-term ground lease from an affiliate of St. John Medical Center Hospital. LifeCare Services, based in Des Moines, Iowa, will operate the property.

September 22, 2015

Office Texas

CBRE Global Investors Fund Acquires Office Complex in Dallas

by Haisten Willis September 21, 2015

DALLAS — CBRE Strategic Partners U.S. Value 7 has acquired Galleria Towers, a 1.4 million-square-foot, three-building office complex in Dallas. Galleria Towers is located at 13355, 13455 and 13155 Noel Road, adjacent to the Galleria Mall. The property offers freeway access at the intersection of the North Dallas Tollway and LBJ Freeway. CBRE Global Investors plans to invest in the property by adding conference facilities, a fitness center and tenant amenities. Gary Carr, John Alvarado, Eric Mackey and Robert Hill with CBRE’s Dallas office investment group represented the seller.

September 21, 2015

Retail Texas

HighStreet Arranges Sale of Multi-Tenant Retail Center in Metro Houston

by Haisten Willis September 21, 2015

SPRING, TEXAS — HighStreet Net Lease Group, a Texas-based company specializing in the disposition and acquisition of net leased investment properties, represented a Houston-based retail owner/developer in the sale of Louetta Creek Plaza, a multi-tenant retail center located at 4660 Louetta in Spring. Matt Moake of HighStreet represented the seller. Glenn Clements of MFT Interests represented the buyer, a local investment group. The 27,000-square-foot property was originally developed in 2005 and is located near the intersection of Louetta and Kuykendahl.

September 21, 2015

Mixed-Use Retail Texas

New Mixed-Use Project to Open in Austin in 2018

by Haisten Willis September 21, 2015

AUSTIN, TEXAS — GroundFloor Development and Prescott Group have announced plans for Saint Elmo, a mixed-use project set to open in Austin in the first quarter of 2018. Designed by Andersson-Wise Architects and located on South Congress near Ben White Boulevard, Saint Elmo will include 225,000 square feet of office space and a 40,000-square-foot indoor-outdoor marketplace. GroundFloor Development and Prescott Group are the master developers of the $120 million project. In November of last year, the Austin city council approved the rezoning request for the project. Construction is slated to begin in mid-2016. Andersson-Wise Architects is the lead architect of the project, KBGE’s Chad Kimbell is the civil engineer, David Hocker of Hocker Design is the landscape designer, Juice Consulting’s Heather Wagner Reed will oversee public relations and marketing, and Helms Workshop is the strategic brand design studio.

September 21, 2015

Industrial Office Retail Texas

M&M Arranges Sale of 32,621 SF Self-Storage, Office Warehouse and Retail Facility in Austin

by Haisten Willis September 21, 2015

AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Sheahan Self Storage, a 32,621-square-foot self-storage, office warehouse and retail property located in Austin. Justin Miller and Dave Knobler of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a partnership. Knobler and Miller secured the buyer, a limited liability company, as well. Sheahan Self Storage is located at 11712 N. Lamar Blvd. in Austin.

September 21, 2015

Office Texas

NAI Investment Fund Acquires 74,753 SF Office Building in Houston

by Haisten Willis September 21, 2015

HOUSTON — NAI Investment Fund I LLC has acquired an office building located at 12600 Featherwood Drive in Houston. The 74,753-square-foot, Class B property is 81 percent occupied. NAI Partners has been retained to provide both property management and leasing services on behalf of the owner, NAI Investment Fund I LLC. The seller, Fort Worth-based Klabzuba Realty, was represented by Marty Hogan off HFF. Rob Evans of NAI Investment Management LLC negotiated the acquisition. Amegy Bank of Texas is the lender.

September 21, 2015

Loans Retail Texas

Q10 KDH Provides $44M Financing for Centre at Bunker Hill in Houston

by Haisten Willis September 18, 2015

HOUSTON — Q10 KDH Vice President Matt Franke has arranged $44 million in financing for Centre at Bunker Hill in Houston. The multi-anchor, Class A retail property is 100 percent occupied and includes 430,820 rentable square feet.

September 18, 2015

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