HALTOM CITY — Marcus & Millichap has arranged the sale of the 88-unit Waldemar, a multifamily property located at 4812 Waldemar St. in Haltom City. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a Texas-based partnership, in the transaction, and secured the buyer, a private investor. The new owner plans to make upgrades to the property, which is approximately 90 percent occupied.
ALLEN — PFSweb will relocate its corporate headquarters to 95,877 square feet of office space, located in the Allen Millennium Park facility at 505 Millennium Dr. in Allen. Renovations to the space, which has been vacant for more than 8 years, will be designed by Corgan Associates and constructed by MAPP Construction. Grant Sumner and John Dickerson of Peloton Commercial Real Estate's Dallas office represented the landlord, Capital Commercial Investment, in the lease transaction. Rick Hughes and Dan Cook of Cushman & Wakefield of Texas' Dallas office represented the tenant.
HOUSTON — New York City-based Hudson Realty Capital has provided a $6.9 million bridge loan for an undisclosed 272-unit apartment complex, located in the greater Houston area. The borrower, an undisclosed multifamily owner/operator, is using the loan to acquire the property and fund renovations. The complex is 84 percent occupied.
HOUSTON — New York City-based Hudson Realty Capital has provided a $6.9 million bridge loan for an undisclosed 272-unit apartment complex, located in the greater Houston area. The borrower, an undisclosed multifamily owner/operator, is using the loan to acquire the property and fund renovations. The complex is 84 percent occupied.
ROUND ROCK — Aries Capital has arranged a $5 million construction loan for a new 83-room Microtel, located in Round Rock. The property is owned by Longhorn Lodging Partners and will be managed by Caerus Hospitality Partners. Leonard Smith of Aries Capital's Houston office arranged the loan.
THE WOODLANDS — The Howard Hughes Corp. has partnered with Huntsman Corp. to complete a feasibility study for expanding the Huntsman facility, located in the Research Forest area of The Woodlands. The plans show an increase in the research and development capacity as well as a new five-story, 236,000-square-foot office building with an attached 900-space parking garage. The companies are exploring the opportunity to construct three new Class A office buildings and an adjacent parking garage.
AUSTIN — Dallas-based CMC Commercial Realty Group has commenced construction on the 308-unit Ladera Hill Country Apartments, a Class A multifamily property located along Interstate 35 between William Cannon Drive and Slaughter Lane in Austin. Greystar will manage the property. The apartments will include stainless steel appliances, enhanced lighting and granite countertops. Amenities will include a resort-style pool, fitness center, yoga studio, dog park and private garages.
AUSTIN — Austin-based KW Commercial has arranged the sale of a 9,750-square-foot retail and medical center, located at 12400 N. Interstate 35 in Austin. The tenants include Einstein Bagels, JuiceSpot, Austin Orthodontic and TechRidgeDental. Nick Nelson and Jim Young of KW Commercial represented the buyer, an out-of-state investor, in the transaction. Greg Porter of Austin-based MP Commercial Partners represented the seller.
DALLAS — Sonnenblick-Eichner Co. has secured $17.5 million in first mortgage financing for the 300-room DoubleTree by Hilton Hotel Dallas-Campbell Centre, located in Campbell Centre just north of downtown Dallas. Campbell Centre is a mixed-use property that contains the hotel and two 21-story office buildings, totaling approximately 875,000 square feet. The 21-story hotel features 14,966 square feet of meeting space. Sonnenblick-Eichner arranged the 5-year, non-recourse loan through a private real estate debt fund.
MUSTANG, OKLA. — Kennedy Funding has completed the $3.47 million note purchase of a non-performing loan for the 88,999-square-foot Silver City Town Center, a retail center located in Mustang. The loan purchaser was a limited liability company, and the loan borrower was Silver City Town Center LLC. Under the terms of the agreement, the borrower can repurchase the loan. The retail center is 55 percent leased to tenants including Tractor Supply Co., Salvation Army, The Vine and Urgent Care. Taco Bell and KFC are leasing outparcels.
