Texas

PacVentures Acquires 811,092 SF Industrial Portfolio in Brownsville, Texas

by Taylor Williams November 29, 2018

BROWNSVILLE, TEXAS — San Diego-based investment firm PacVentures has acquired a portfolio of 10 industrial properties totaling 811,092 square feet in the South Texas city of Brownsville. The portfolio was 96 percent leased at the time of sale to multiple tenants, including windshield wiper provider Trico and its affiliate, Carter Fuel Systems. Steve Rowland of Transwestern and Joe Simmons of AQUILA Commercial represented PacVentures in the transaction. The seller was regional investment firm Sealy & Co.

November 29, 2018

Hospitality Leasing Activity Texas

JLL Arranges $60M Loan for Refinancing of Hyatt-Branded Hotel in Houston

by Taylor Williams November 29, 2018

HOUSTON — JLL has arranged a $60 million loan for the refinancing of Hyatt Regency Houston Galleria, a 325-room hotel in Houston. The property features more than 19,000 square feet of meeting and event space, two food and beverage outlets, an outdoor pool and a fitness center. Jeffrey Davis, Mike Melody, Kevin Davis, Paul House, Matt Nowaczyk and John Ream of JLL arranged the loan through MetLife on behalf of the undisclosed borrower.

November 29, 2018

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 298,653 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams November 29, 2018

CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 298,653-square-foot industrial lease renewal at 2115 E. Belt Line Road in the northern Dallas suburb of Carrollton. Jim Brice and Andrew Gilbert of Holt Lunsford represented the landlord, Lexington Realty Trust. Jeff Mercer of The Mercer Co. represented the tenant, Teasdale Foods Inc., a producer of canned and packaged foods including beans, hominy and sauces.

November 29, 2018

Acquisitions Industrial Texas

NAI Partners Brokers Sale of 71,566 SF Industrial Building in Houston

by Taylor Williams November 29, 2018

HOUSTON — NAI Partners has brokered the sale of a 71,566-square-foot industrial building located at 4545 Langfield Road in northwest Houston. According to LoopNet Inc., the property features 26-foot ceiling heights, 15 dock-high doors and 13,920 square feet of office space. Randy Wilhelm and John Ferruzzo of NAI Partners represented the buyer in the transaction. Bill Rudolf of CBRE represented the seller. Both parties requested anonymity.

November 29, 2018

Loans Multifamily Texas

Hunt Provides Two Loans Totaling $4M for Refinancing of Multifamily Assets in El Paso

by Taylor Williams November 29, 2018

EL PASO, TEXAS — Hunt Real Estate Capital has provided two Freddie Mac loans totaling $4 million for a pair of multifamily assets in El Paso. The company provided $2.8 million for the refinancing of the 104-unit Pebble Hills Apartments and $1.2 million for the refinancing of the 64-unit Veranda Apartments. The properties were 98 and 97 percent occupied, respectively, at the time of the loan closing. Both loans were structured with 10-year terms, fixed interest rates and 30-year amortization schedules through Freddie Mac’s Small Balance Loan program. The borrower was Pomajest and Pomajest 2 LLC, a Texas-based entity.

November 29, 2018

Acquisitions Multifamily Texas

Nicholas Residential Acquires 2,115-Unit Multifamily Portfolio in Houston Area

by Taylor Williams November 28, 2018

HOUSTON — Dallas-based investment firm Nicholas Residential LLC has acquired a portfolio of six multifamily properties totaling 2,115 units in the Houston area. The properties include Chelsea Park and Riviera Pines in Houston, South Grand at Pecan Grove and Country Club Place in the northern suburb of Richmond, The Veridian in Webster and Skyhawk in Friendswood. Nicholas Residential will implement value-add programs to the communities’ amenity spaces, delivering new fitness centers, as well as upgraded resident clubhouses with coffee bars, pools with outdoor kitchens, dog parks, business centers and game rooms. The seller was Hudson Advisors. Cushman & Wakefield arranged an undisclosed amount of equity on behalf of Nicholas Residential for the acquisition.

November 28, 2018

Acquisitions Data Centers Industrial Texas

H5 Data Centers Buys 85,000 SF Colocation Center in San Antonio for $19.5M

by Taylor Williams November 28, 2018

SAN ANTONIO — H5 Data Centers, a Denver-based data center operator, has purchased an 85,000-square-foot colocation center located at 100 Taylor St. in San Antonio for $19.5 million. ISP Taylor Telecom previously owned the facility, which is located a block away from AT&T’s regional office. H5 plans to redevelop the property and is in the process of adding more colocation racks. Chris Orr of North Carolina-based Romans Properties represented H5 Data Centers in the deal.

November 28, 2018

Leasing Activity Office Texas

ATM Operator Expands to 82,000 SF Office Space in Frisco

by Taylor Williams November 28, 2018

FRISCO, TEXAS — Cardtronics, an operator of ATM machines and financial kiosk services, has expanded its presence by 46,000 square feet at HALL Park in Frisco. The company now occupies 82,000 square feet at 3201 Dallas Parkway, HALL Group’s newest development. Garrold Parratt, Greg Biggs and Kimarie Ankenbrand of JLL represented Cardtronics in the lease negotiations. Kim Butler, Brad Gibson and Cynthia Cowen represented HALL Group internally.

November 28, 2018

Industrial Leasing Activity Texas

Goodwill Signs 30,720 SF Industrial Lease in North Austin

by Taylor Williams November 28, 2018

AUSTIN, TEXAS — Goodwill Central Texas has signed a 30,720-square-foot industrial lease at 1309 Rutherford Lane in Austin. The nonprofit organization’s new warehouse space is located within Global Business Park on the city’s north side. Ace Schlameus of JLL represented the landlord in the lease negotiations. Bill Russell, also of JLL, represented Goodwill. A timeline for occupancy of the new space was not released.

November 28, 2018

Industrial Leasing Activity Texas

NAI Partners Negotiates 21,043 SF Industrial Lease in Houston

by Taylor Williams November 28, 2018

HOUSTON — NAI Partners has negotiated a 21,043-square-foot industrial lease at 6633 Lindbergh St. in Houston. Chris Caudill and Jake Wilkinson of NAI Partners represented the landlord, R. Pennington Investments LP, in the lease negotiations. Jeff Peltier and Barrett Gibson of Colliers International represented the tenant, Henek Fluid Purity Systems Inc., an oil field equipment supplier.

November 28, 2018

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