JLL Capital Markets has closed the sale of Northstar Georgetown, a 210-unit, upscale, low-rise active adult community in Georgetown, Texas.

JLL marketed the property on behalf of the seller, Chalk Hill Ventures. A joint venture between Bain Capital Real Estate and Capitol Seniors Housing acquired the property.

Completed in 2021, Northstar Georgetown is an age restricted (55+) community comprising of one- and two-bedroom units averaging 1,016 square feet. Apartment amenities include walk-in showers and soaking tubs, private yards and balconies, private parking and garage spaces, full sized washers and dryers, granite counter tops and stainless steel appliances. The resort style community offers a media center and theatre room, pool and spa, outdoor firepit with seating area, landscaped courtyards and pickleball and bocce ball courts.

Located on 11.51 acres at 2401 Westinghouse Road, the community is positioned near Interstate 35 and State Highway 130, providing seamless connectivity to downtown Austin and the surrounding area. In addition, Northstar Georgetown is near local retail and entertainment centers, including Round Rock Premium Outlets, Georgetown Square, University Oaks Shopping Center, Inner Space Cavern and Dell Diamond Stadium. Also nearby is the Seton Medical Center, Baylor Scott and White Medical Center and Austin Community College, offering proximity to healthcare, higher education and employment hubs.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Directors Ryan McBride and Joe Dowdle, Director Zach Rigby and Senior Managing Director Sean Sorrell.

Marcus & Millichap announced the sale of Texas Freedom RV Village, a 96-site RV community located in Gonzales, Texas.

Senior Associate Brad Dorsey and Senior Vice President, Investments Robert Denninger in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured by Mr. Dorsey and Mr. Denninger.

The team was able to close Texas Freedom RV Village, with an experienced RV Community owner, at the listing price. This was an attractive property in the market and was under contract within 30 days of listing.

Texas Freedom RV Village is located at 5784 US-90A East in Gonzales, Texas.

Chicago-based Magellan Development Group — in partnership with BLG Capital Advisors, Geolo Capital and Wanxiang America Real Estate Group — announced Sienna at the Thompson, a luxe apartment community located within Thompson Austin, a Hyatt hotel, and tommie Austin, a JdV by Hyatt hotel is now open at 50 percent leased.

Located at the intersection of 5th and Brazos Streets in Austin, Sienna at the Thompson puts its residents squarely in the heart of downtown Austin and its many eclectic attractions. Rising 32 stories above the city, Sienna encompasses 770,053 square feet of space and offers 314 luxury apartment residences — a mix of junior one-, one- and two-bedroom homes — occupying floors 15 and 17 through 31 of the building. Sienna at the Thompson is the only Austin luxury development offering 8 Ori Living residences featuring modern living robotic space-saving solutions, such as the cloud bed and pocket offices, designed to empower people to live large in a small footprint.

Sienna at the Thompson is more than a home; it is a lifestyle, giving residents access to a vast array of lavish shared indoor and outdoor amenities, including many of those offered by Thompson Austin and tommie Austin.

James Avery Craftsman, Inc. has purchased a former military helicopter engine repair and testing facility in Corpus Christi, Texas. The 41,200 SF building located at 401 Junior Beck Dr will be converted to a state of the art jewelry manufacturing facility. The Seller, KALZ LLP, was represented by Chandler Moreau, a sales associate of Cravey Real Estate Services, Inc. James Avery plans to start its first phase of manufacturing as early as June 2022. The company will bring economic life to the community, adding 200 + new jobs to the market.

James Avery is a multi-channel retailer with over 100 stores in four states. Their jewelry is also available at JamesAvery.com and more than 200 Dillard’s locations as well as airport stores in Austin and Houston and at the AAFES locations in Fort Hood and Fort Belvoir.

About Cravey Real Estate Services, Inc.

Cravey Real Estate Services is a full service commercial and industrial real estate company based in Corpus Christi, Texas. We sell, lease, and manage Commercial, Industrial, Warehouse, Office, Retail, Shopping Centers, Land, and Investment Properties in Texas. To learn more, visit our website at //craveyrealestate.com/.

Hines announced the start of construction on T3 Eastside, a heavy timber office and boutique residential building with 15 loft-style units in Austin’s most eclectic eastside neighborhood. This construction milestone marks the first of many for Hines in Austin as the firm expands their footprint in the market with more announcements to come. Additional projects under development include The Mirador, Four Seasons Private Residences Lake Austin, Lakeside at Tessera on Lake Travis, Residences at Wolf Lake and The Retreat at Easton Park.

Located at 1200 E. 4th St., a dynamic and walkable 24/7 dine-shop-live-work neighborhood community, T3 Eastside will consist of 93,000 square feet of Class-A office and 9,200 square feet of residential space. The complete project structure will be constructed using sustainably sourced wood, a first for Hines in the residential space. T3 is a Hines proprietary mass timber creative product, developed in response to evolving tenant requirements.

Built from heavy timber, T3 Eastside will modernize the historical industrial design of mercantile warehouse buildings, designed specifically to be responsive to the evolving ESG requirements across the commercial real estate industry and to the health and wellness needs of its occupants in a post-COVID environment. Complemented with advanced technology, amenities and renewability, this space will be an ideal environment for tenants in creative industries such as technology, advertising, media, information and biotechnology/life sciences and residents looking to live in the heart of Austin.

Upon completion, T3 Eastside will provide best-in-class office and residential space that is fully future-proofed for modern teams and residents. Common amenities include social work and collaboration spaces, a rooftop patio with city views, private tenant outdoor balconies, shared conference space, a premium fitness center and yoga studio, secured bike storage and end-of-trip facilities, and enhanced Wi-Fi connectivity throughout. Additionally, the building’s systems are technology-rich, minimizing physical building touch points and complete with the latest HVAC systems, all aimed at elevating the standards for space in a post-COVID world.

Hines assembled a stellar design team for the project including DLR Group, design architect and interior designer of common areas; TBG, landscape architect; and Harvey Cleary, general contractor. Amegy is providing construction and financing, and JLL will be handling leasing for the building.