SAN ANTONIO — Texas-based investment firm 35 South Capital has purchased The Collection, a 52,000-square-foot shopping center in San Antonio’s Alamo Heights neighborhood. The center is home to tenants such as SoLuna Mexican restaurant, Revolución café and juice bar, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. salon, St. John luxury women’s clothing store and several medical providers. The seller was an affiliate of Lindenmuth Realty LP.
AUSTIN, TEXAS — Four Hands has signed a 20,000-square-foot office lease in East Austin. The locally based furniture designer and wholesaler is taking space within Eastbound, a complex with two four-story buildings totaling 233,550 square feet at 3232 E. Cesar Chavez St. Chad Marsh of Endeavor Real Estate Group represented the tenant in the lease negotiations. A partnership between Lincoln Property Co., The KOR Group and Fenway Capital Advisors owns Eastbound.
IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Valley View Business Center, a 414,871-square-foot distribution center in Irving. The property, which is located just south of Dallas-Fort Worth International Airport, was completed in 2009 and was fully leased to two tenants at the time of sale. Building features include 30-foot clear heights and four points of ingress/egress. Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry of Cushman & Wakefield represented the seller, a fund backed by Brookfield Asset Management, in the transaction. The buyer was Boston-based Longpoint Partners.
AUSTIN, TEXAS — Dallas-based developer StreetLights Residential has delivered The Maris, a 276-unit multifamily project in Austin’s Lakeline neighborhood that represents Phase IV of the Presidio development. Phase I (The Michael) and Phase II (The Elizabeth) were completed in 2016 and 2019, respectively. Phase III, The Asher, opened in 2023. The Maris features studio, one-, two- and three-bedroom floor plans ranging in size from 517 to 1,684 square feet. Amenities include a pool, fitness center, coworking spaces and a game room. SLR Construction served as general contractor for The Maris, construction of which began in October 2022. Monthly rental rates at the property range from $1,241 to $3,815, according to Apartments.com.
VENUS, TEXAS — MAG Capital Partners has completed a 48,000-square-foot industrial expansion project in Venus, located south of Fort Worth, for Hughes Tank Co., which manufactures fuel tanks for above-ground and underground storage facilities. The facility now totals 140,110 square feet, allowing Hughes Tank to increase its output and offer new product lines. MAG Capital Partners purchased Hughes Tank along with its existing 92,110-square-foot, 39-acre facility in June 2023.
HOUSTON — A partnership between two local developers, Radom Capital and MetroNational, will undertake a 35,000-square-foot retail redevelopment project in Houston. The project will convert a former warehouse located at 1085 Gessner Road in the Memorial City area into a facility with service retail and food-and-beverage spaces, as well as communal gathering areas. Michael Hsu Office of Architecture is designing the project, which will be known as Greenside. Construction is set to begin in the spring.
DALLAS — Compatriot Capital, THE real estate investment subsidiary of Dallas-based Sammons Enterprises Inc., has signed a 13,000-square-foot office lease in North Dallas. Compatriot will occupy an entire floor at The Douglas, a 13-story building within Preston Center, beginning later this year. Conor McCarthy, Scott Hage and Larry Toon of JLL represented the tenant in the lease negotiations. Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, on an internal basis.
MANOR, TEXAS — Associated Bank has provided a $60.4 million construction loan for Emblem at Tower, a 324-unit affordable housing project that will be located at 12100 Tower Road in Manor, about 15 miles northeast of Austin. Great Southern Bank joined Associated Bank in the construction loan syndication. Emblem at Tower will consist of 11 three-story buildings that will house a mix of two-, three- and four-bedroom units. The 4-percent LIHTC project will be available to households earning less than 60 percent of the area median income. Residents will have access to a clubhouse with fitness center, pool and outdoor amenity space, as well as a free 15-hour per week tutoring service. Construction is slated to be complete in early 2027. Dominium is the borrower and developer.
SAN ANTONIO — Newmark has brokered the sale of The Sterling at Oak Hills, a 330-unit multifamily property located within South Texas Medical Center in San Antonio. Built in 2019, the property offers one- and two-bedroom units that are furnished with stainless steel appliances, granite or quartz countertops and walk-in closets. Amenities include a pool, outdoor kitchen, fitness center and a clubhouse with an entertainment kitchen. Patton Jones, Matt Michelson and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. The buyer was San Antonio-based AHV Communities.
CEDAR HILL, TEXAS — JLL has arranged an acquisition loan of an undisclosed amount for a 7.5-acre industrial outdoor storage facility (IOS) in Cedar Hill, a southwestern suburb of Dallas. Developed in 2015, the property features a 15,023-square-foot industrial service building with 3,000 square feet of office space. The facility was fully leased at the time of the loan closing. C.W. Sheehan, Kristi Leonard, Peyton Ackerman and Nate Henderson of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, Apricus Realty Capital. The direct lender was not disclosed.