CORPUS CHRISTI, TEXAS — JLL has negotiated the sale of Parkview Apartments, a 224-unit multifamily community in Corpus Christi. Built in 1969, the property offers one-, two-, three- and four-bedroom units and amenities such as a business center, resident clubhouse and a lounge. Zar Haro, Moses Siller and Robert Arzola of JLL represented the seller, Raybec Management Co. Ltd., in the transaction. The buyer, GVA Real Estate Group, will implement a value-add program at the community.
HOUSTON — GreenSpace Self-Storage LLC has acquired land at 1690 North Loop West in Houston for the development of a 1,050-unit self-storage facility. The Class A, three-story property will feature 24-hour surveillance, electronic access control, climate-controlled units and a customer service office. The facility, which will offer 75,000 square feet of net rentable space, will be situated on two of the parcel’s six acres; plans for the additional acreage have not yet been finalized. Chris Bergmann Jr. of JLL represented GreenSpace in its acquisition of the land. Avison Young represented the seller.
HOUSTON — Arbor Realty Trust Inc. (NYSE: ABR) has provided a $10.8 million Fannie Mae loan for the refinancing of Capewood Apartments, a 176-unit multifamily community in Houston. The property was built in 1976 and offers amenities such as a pool, playground and onsite laundry facilities. Brian Scharf of Arbor Realty Trust originated the loan, which carries a seven-year term and a fixed interest rate, on behalf of the undisclosed borrower.
HOUSTON — Global law firm White & Case LLP has signed a 57,315-square-foot office lease at 609 Main, a 48-story office tower owned by Hines in downtown Houston. The law firm will occupy the 29th and 30th floors. The lease brings the building’s occupancy to 84 percent. Michael Anderson and Damon Thames of Colvill Office Properties represented Hines in the lease negotiations. David Bale of JLL represented White & Case.
TOMBALL, TEXAS — E.E. Reed Construction has completed the Suez WTS USA Water & Process Technologies Laboratory project, which delivered a 44,000-square-foot industrial facility in Tomball, a northern suburb of Houston. Designed by SmithGroup, an integrated design firm with 13 offices in the United States, the tilt-wall facility includes office space. The facility houses 80 employees.
PLANO, TEXAS — Wood Partners, a multifamily investment and development firm with offices around the country, has begun construction on Alta 289, an apartment community in Plano that will offer 288 units in one-, two- and three-bedroom formats. In addition, units will average 913 square feet and feature stainless steel appliances, modern backsplashes, cabinetry and countertops, as well as washers and dryers. Amenities will include a pool, a dog park and outdoor courtyards. Preleasing will begin in August and completion is slated for spring 2020.
CARROLLTON, TEXAS — Pharmaceutical firm AmerisourceBergen has opened a new office at a 300,000-square-foot office building in northern Dallas suburb of Carrollton. Local firm Billingsley Co. developed the property, which offers amenities such as tech-enabled conference and business centers, specialized mother rooms, fitness and yoga centers, a coffee shop, café, micro-market and access to walking and biking trails. Gensler served as the project architect and StructureTone Southwest was the general contractor. Billingsley will also manage the property.
AUSTIN, TEXAS — A partnership between Trammell Crow Co. and Clarion Partners has broken ground on Phase II of Park 183, an industrial development in southeast Austin. Phase II includes an 85,000-square-foot building that is fully preleased to FedEx Corp. Park 183 will ultimately span more than 900,000 square feet of Class A space across seven buildings. Completion of Phase II is slated for the fourth quarter.
HOUSTON — Avison Young has arranged the sale of a 40,000-square-foot industrial building located at 1690 North Loop West in Houston. Situated on 6.2 acres, the facility formerly served as a printing complex for local firm Greensheet Media. Todd Mason, Jeff Lindenberger, Richard Mason and Taylor Wilson of Avison Young represented the seller, Helen Gordon Interests Ltd., in the transaction. The buyer, GSD North Loop 610 LLC, plans to develop a self-storage facility on a portion of the property.
BIG SPRING, TEXAS — Quorum Health Corp. (NYSE: QHC), an operator of general acute care and outpatient facilities across the country, has sold Scenic Mountain Medical Center, a 146-bed healthcare facility in Big Spring, about 40 miles east of Midland in West Texas. Total proceeds from the sale were approximately $22 million. The buyer was not disclosed.
