JLL Capital Markets arranged the refinancing for The Albright, a brand-new 261-unit luxury apartment community in Austin, Texas.

JLL represented the borrower, ParkProperty Capital, to secure a floating-rate loan through ACRE.

The Albright represents one of Austin’s newest and highest-quality apartment communities, having been delivered in 2024. The five-story mid-rise property features 261 meticulously designed units with an average size of 876 square feet, comprising studios, one-bedroom, two-bedroom and three-bedroom layouts. Units showcase premium finishes including granite countertops, designer ceramic tile backsplash, stainless steel appliances, wood-style plank flooring, nine-foot ceilings, smart locks and light switches and walk-in closets.

The community offers resort-style amenities, including a resort-style pool, 24-hour fitness center, co-working spaces, gaming area with pool table, rooftop sky deck with views overlooking Austin, outdoor entertainment area with grill and kitchen, enclosed pet park, pet wash station, bike room, package room and parking garage.

Located at 8528 Burnet Rd. in Austin’s rapidly growing North Central submarket, the property provides residents with unparalleled connectivity to Austin’s major economic and entertainment hubs. The property sits at the convergence of multiple major thoroughfares, with MoPac Expressway just three minutes away, US-290 seven minutes away, I-35 eight minutes away and US-183 three minutes away. This strategic positioning places residents within easy reach of downtown Austin, the University of Texas campus and the Texas State Capitol, all located six to seven miles south.

The property benefits from its proximity to The Domain, Austin’s premier mixed-use development located just two miles away. Often referred to as Austin’s second downtown, The Domain encompasses 1.8 million square feet of high-end retail space and serves as a major employment center housing corporate offices for technology giants, including Meta, Indeed, Amazon, Expedia, IBM and Charles Schwab.

The JLL Capital Markets team was led by Elliott Throne, Josh Odessky and Jayme Nelson.

GTIS Partners LP acquired a 26-acre industrial site in the Great Southwest submarket in the Dallas Fort Worth, Texas, MSA. GTIS will develop in-house an approximately 442,000-square-foot Class-A cross dock facility that can be demised to provide leasing flexibility to prospective tenants.

The development, also known as Remington 30, is centrally located in the GSW industrial submarket, one of the oldest submarkets in the metroplex with limited land available for new construction given its age and the presence of wetlands. Remington 30 sits south of the Dallas Fort Worth Airport and provides quick access to I-30, a primary east/west thoroughfare connecting Dallas and Fort Worth, and President George Bush Turnpike (PGBT) Toll Road, a major north/south artery that provides access to the northeast residential markets as well as other major arteries such as I-20. 

High-quality tenants including FedEx, Pepsi Co, Office Depot, Penske, and GE Appliances are located nearby Remington 30 as, amongst other drivers, its location provides access to the strong Dallas Fort Worth labor pool.

Remington 30 will target the bulk segment (defined as 250,000-500,000 SF) of the industrial market, where demand for newer product remains strong in GSW. The eight bulk buildings in the GSW submarket that delivered between 2018-2023, representing 2.8 million SF, have 0% vacancy. The bulk product segment has outperformed the submarket with positive net absorption over the last 12 months.

Brennan Investment Group acquired a more than 1.29-million-square-foot industrial portfolio of 16 buildings in Northwest Houston currently owned by Innovex, a global leader in subsea oil and gas equipment manufacturing.

Located within a master-planned business park, the campus’ 16 buildings have unit sizes ranging from 11,000 to 450,000 square feet across 126 contiguous acres.

Constructed between 1999 and 2018, the buildings were designed for manufacturing operations, offering HVAC-equipped warehouses, bridge cranes, heavy power, IOS yards, above-standard clear heights, and wide column spacing to accommodate diverse industrial requirements.

The site offers exceptional connectivity across the greater Houston region. Surrounded by a robust and growing population and a dense industrial ecosystem—more than 780 manufacturing businesses are within a five-mile radius—the location provides immediate access to a growing labor pool and a constrained supply of heavy industrial space.

This transaction is representative of Brennan’s strategic focus on acquiring functional industrial assets in key U.S. markets, primarily from corporate owner-users, and enhancing them through targeted capital improvements to attract a diversified tenant base and generate long-term value creation.