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4982-Hallmark-Pwky-San-Bernardino-CA
AcquisitionsCaliforniaIndustrialWestern

Bixby Land Co. Sells 340,080 SF Industrial Facility in San Bernardino, California

by Amy Works

SAN BERNARDINO, CALIF. — Bixby Land Co., in partnership with a global investment manager, has sold a 340,080-square-foot industrial facility located at 4982 Hallmark Pkwy in the Inland Empire city of San Bernardino. Built in 2018, the building features 32-foot clear heights, ESFR sprinklers, 47 dock-high doors and two grade-level doors. At the time of sale, the property was fully leased to two tenants. Mark Detmer, Patrick Nally, Ryan Sitov and Evan Moran of JLL represented the seller and procured the buyer, Dallas-based Dalfen Industrial, in the transaction. Kevin Mackenzie and Brian Torp, Mike McCrary, Patrick Wood, Ruben Goodsell and Jeff Bellitti of JLL also assisted in closing the deal.

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Freeport-Business-Center-Irving
AcquisitionsOfficeTexas

Hillwood Acquires 383,000 SF Office Park Near DFW Airport in Irving

by Taylor Williams

IRVING, TEXAS — Hillwood has acquired Freeport Business Center, a three-building, 383,000-square-foot office park located near Dallas-Fort Worth International Airport in Irving. The property spans 34 acres, and the buildings were 70 percent leased at the time of sale to tenants such as Northrop Grumman Corp., Yardi Systems, SiriusXM and Boeing. The undisclosed seller also recently invested $6.5 million in capital improvements to Freeport Business Center, including lobby renovations, window upgrades, fresh landscaping and updated building operation systems.

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SouthTech-Business-Center-Austin
AcquisitionsIndustrialTexas

KBS Sells 260,112 SF Light Industrial Property in South Austin

by Taylor Williams

AUSTIN, TEXAS — California-based investment firm KBS has sold SouthTech Business Center, a 260,112-square-foot light industrial property in South Austin. SouthTech Business Center consists of four buildings on a 20.2-acre site. Each building features 21-foot clear heights and 145-foot truck court depths. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented KBS in the transaction. MIG Real Estate represented the buyer, an undisclosed 1031 exchange investor. The property was 93 percent leased at the time of sale.

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Village-on-the-Park-Plano
AcquisitionsMultifamilySeniors HousingTexas

CBRE Arranges Sale of 366-Unit Seniors Housing Portfolio in Dallas Area

by Taylor Williams

DALLAS — CBRE has arranged the sale of a portfolio of four seniors housing properties in the Dallas metro area. The names of the recently rebranded properties in the portfolio are Village on the Park Plano, Village on the Park Denton, Village on the Park Stonebridge Ranch and Village on the Park McKinney. All properties were built between 2014 and 2017 and offer assisted living and memory care services. The buyer is a joint venture between Artemis Real Estate Partners and Bridgewood Property Co. The seller and sales price were not disclosed. John Sweeny, Aron Will and Garrett Sacco of CBRE brokered the deal.

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North-Dallas-Infill-Portfolio
AcquisitionsIndustrialTexas

Forefront Commercial Buys 627,303 SF Industrial Portfolio in Dallas Area

by Taylor Williams

DALLAS — Locally based investment firm Forefront Commercial Real Estate has purchased the North Dallas Infill Portfolio, a collection of four industrial buildings totaling 627,303 square feet in the Dallas area. The portfolio’s buildings, which are located in Addison, Farmers Branch and Carrollton, were fully leased to 13 tenants at the time of sale. Building features include 22- to 24-foot clear heights, front- and side-load configurations, 76 total dock high doors and over 77,000 total square feet of office space. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller, AEW Capital Management, in the transaction.

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Elle-at-the-Med-Center-Houston
AcquisitionsMultifamilyTexas

Partnership Acquires Houston Multifamily Portfolio for $60M

by Taylor Williams

HOUSTON — A partnership between Los Angeles-based Ascendant Capital Partners and Dallas-based Culver Investment Partners has acquired a portfolio of three apartment communities totaling 470 units near Texas Medical Center in Houston for $60 million. Known as the Elle Collection, the portfolio includes Elle at the Medical Center, Vie at the Medical Center and Plaza Townhomes at the Medical Center. The seller was not disclosed. The new ownership plans to implement capital improvement programs at each of the properties.

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Clay-Crossing-Business-Center-Houston
AcquisitionsIndustrialTexas

KBS Sells 222,750 SF Light Industrial Complex in West Houston

by Taylor Williams

HOUSTON — California-based investment firm KBS has sold Clay Crossing Business Center, a 222,750-square-foot light industrial complex in West Houston. Built between 2000 and 2002, Clay Crossing Business Center consists of four buildings that house flex suites ranging in size from 3,105 to 44,883 square feet. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented KBS in the transaction. The buyer was an Houston-based entity doing business as HPI Holdings II LLC.

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Remington-Ridge-Weatherford
AcquisitionsMultifamilyTexas

Cushman & Wakefield Arranges Sale of 257-Unit Multifamily Property in Metro Dallas

by Taylor Williams

WEATHERFORD, TEXAS — Cushman & Wakefield has arranged the sale of Remington Ridge, a 257-unit multifamily property in the southern Dallas suburb of Weatherford. The initial 133-unit phase was completed in 2022, and construction is underway on the second and final 124-unit phase. The property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, dog park, game room and an outdoor lounge. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Trinity Capital Group, in the transaction. The buyer was Juniper Investment Group.

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Bravo-Building-Mueller-Austin
AcquisitionsOfficeTexas

Shorenstein Properties Sells 248,000 SF Office Building in Austin’s Mueller District

by Taylor Williams

AUSTIN, TEXAS — Shorenstein Properties, an investment firm with offices in San Francisco and New York City, has sold a 248,000-square-foot office building in Austin’s Mueller district. The Teacher Retirement System of Texas (TRS) purchased the six-story complex, which is known as The Bravo Building, with plans to relocate its headquarters to the facility. The sale included an 845-space parking garage. TRS sold its former headquarters building at 1000 Red River St. in downtown Austin in fall 2022.

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BLVD-at-Medical-Center-San-Antonio
AcquisitionsMultifamilyTexas

Hamilton Zanze Sells 248-Unit Apartment Community in San Antonio

by Taylor Williams

SAN ANTONIO — San Francisco-based investment firm Hamilton Zanze has sold BLVD at Medical Center, a 248-unit apartment community in San Antonio. Built in 2016 and located roughly 15 miles northwest of the downtown area, BLVD at Medical Center offers one-, two- and three-bedroom units with an average size of 776 square feet. Residences are furnished with stainless steel appliances, walk-in closets, granite countertops and full-size washers and dryers. Amenities include a pool, fitness center, outdoor kitchen, playground and a business center. The buyer and sales price were not disclosed. Hamilton Zanze acquired the property soon after completion and implemented various value-add measures during its course of ownership.

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