Texas

Marcus & Millichap Brokers Sale of 220-Unit Apartment Complex in Arlington

by Taylor Williams May 13, 2024

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Fielder’s Glen, a 220-unit apartment complex in Arlington. Built on 10 acres in 1985, Fielder’s Glen features studio, one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling and dining stations and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Canadian investment firm Western Wealth Capital, in the transaction and procured the buyer, locally based investment firm Rise48 Equity. Brandon Brown of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

May 13, 2024

Acquisitions Multifamily Texas

TMG Arranges Sale of 80-Unit Stepping Stone Apartments in San Antonio

by Taylor Williams May 13, 2024

SAN ANTONIO — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Stepping Stone Apartments, an 80-unit multifamily complex in San Antonio’s Westwood Village neighborhood. Built in 1985, the property offers one- and two-bedroom units with an average size of 701 square feet. Amenities include a pool, outdoor grilling and dining stations and onsite laundry facilities. Paul Yazbeck of TMG represented the seller in the transaction, and Greg Miller of TMG procured the buyer. Both parties requested anonymity.

May 13, 2024

Acquisitions Retail Texas

CenterSquare Acquires 32,797 SF Retail Center in Metro Houston

by Taylor Williams May 13, 2024

SPRING, TEXAS — Philadelphia-based CenterSquare lnvestment Management has acquired Gleannloch Crossing, a 32,797-square-foot retail center located in the northern Houston suburb of Spring. The site is located at the intersection of Grand Parkway and Champion Forest Drive. The property was fully leased at the time of sale to tenants such as MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC. The seller and sales price were not disclosed.

May 13, 2024

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 10,143 SF Industrial Lease in Northeast Dallas

by Taylor Williams May 13, 2024

DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 10,143-square-foot industrial lease in northeast Dallas. According to LoopNet Inc., the property at 10451 Brockwood Road was built in 1984 and totals 58,758 square feet. Josh Barnes, Blake Troiani and Mitch Cantwell of Holt Lunsford represented the owner, Boston-based Taurus Investment Holdings, in the lease negotiations. Landon Brune of CBRE represented the tenant, Digi Security Systems.

May 13, 2024

Acquisitions Multifamily Texas

JLL Brokers Sale of 259-Unit Multifamily Property in Downtown Austin

by Taylor Williams May 10, 2024

AUSTIN, TEXAS — JLL has brokered the sale of 3Waller, a 259-unit multifamily property in downtown Austin. Built in 2022, the property offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet. According to Apartments.com, amenities include a pool, fitness center, coworking space, resident lounge and a rooftop deck. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller, Transwestern, in the transaction. Placemakr acquired the asset for an undisclosed price.

May 10, 2024

McKinney-National-Airport-Hangar-Building

Civic Development Texas

Griffin | Swinerton Breaks Ground on 40,000 SF Hangar Building at McKinney National Airport

by Taylor Williams May 10, 2024

MCKINNEY, TEXAS — Developer Griffin | Swinerton has broken ground on a 40,000-square-foot hangar building at the 745-acre McKinney National Airport in metro Dallas. The project includes the construction of a 3,200-square-foot inspections building that will expedite the customs process for international travelers. Project partners include architecture firm JRMA, engineering firm Garver and general contractor Swinerton, which is an affiliate of the developer. Completion is slated for May 2025.

May 10, 2024

Acquisitions Retail Texas

NewQuest Properties Arranges Sale of 14,927 SF Retail Center in Tyler, Texas

by Taylor Williams May 10, 2024

TYLER, TEXAS — Houston-based investment and brokerage firm NewQuest Properties has arranged the sale of Shops at Shiloh, a 14,927-square-foot retail center in Tyler, about 100 miles east of Dallas. A CEFCO convenience store and gas station anchors the property, which was built on 2.4 acres in 2008 and was 95 percent occupied at the time of sale. Austen Baldridge of NewQuest and Marc Peeler, now with Partners Real Estate, represented the undisclosed seller in the transaction. Eliud Sangabriel of SVN Trinity Advisors represented the undisclosed buyer, which acquired the property via a 1031 exchange.

May 10, 2024

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 12,800 SF Industrial Lease in Coppell, Texas

by Taylor Williams May 10, 2024

COPPELL, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 12,800-square-foot industrial lease in Coppell, located in the northern-central part of the metroplex. According to LoopNet Inc., the property at 820 W. Sandy Lake Road was built in 2005. Andrew Gilbert and Keaton Brice of Holt Lunsford represented the owner, LaSalle Investment Management, in the lease negotiations. Kurt North of North Pointe Commercial represented the tenant, Sky Elements CTC.

May 10, 2024

Industrial Leasing Activity Texas

Pressify Signs 12,192 SF Industrial Lease in West Houston

by Taylor Williams May 10, 2024

HOUSTON — Pressify Inc., a provider of custom printing services for the apparel industry, has signed a 12,192-square-foot industrial lease at 10161 Harwin Drive in West Houston. Stephen Hazen and Jacob Summers of locally based brokerage firm Oxford Partners represented Pressify in the lease negotiations. Lesley Rice and Andy Parish of Partners Real Estate represented the landlord.

May 10, 2024

Affordable Housing Development Multifamily Texas

Joint Venture Delivers 280-Unit Affordable Housing Project in North Houston

by Taylor Williams May 9, 2024

HOUSTON — A joint venture between the principals of Westmont Hospitality Group, STOA Architects and DC Partners has delivered Torrey Chase Apartments, a 280-unit affordable housing project in North Houston. The property consists of five buildings that house one- and two-bedroom units that are reserved for households earning 60 percent or less of the area median income. Amenities include a pool, outdoor grilling and dining stations, a dog park and a children’s play area. Frank & Hill Architects designed Torrey Chase, which was 75 percent preleased as of the grand opening ceremony in April.

May 9, 2024

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