Category: Central/South Texas Deals & Announcements

Sale of northwest Austin multi-housing community closes 

Posted on by Mia Goulart

JLL Capital Markets has arranged the sale of Caliza, a 270-unit, Class A, garden-style apartment community in the northwest Austin suburb of Cedar Park, Texas.

JLL worked on behalf of the seller, Internacional Realty, and Virtus Real Estate Capital acquired the asset.

Built in 2020, Caliza features one-, two- and three-bedroom units with modern finishes, wood-style flooring, custom cabinetry, stainless steel appliances, LED lighting, 14-foot ceilings, private yards and direct access garages. The property features a best-in-class amenity package, including a recently renovated resort-style swimming pool, expansive fitness center and group exercise room, outdoor pavilion with an exterior fireplace and a clubhouse with a catering kitchen.

Situated at 12638 Ridgeline Blvd., the property is within proximity to several highly regarded neighborhoods, such as Anderson Mill, Cypress Mill and Avery Ranch, and is surrounded by some of the city’s most prominent economic drivers, including Austin’s premier mixed-use hub, The Domain and Dell Technology’s campus. The community provides residents with access throughout the metroplex via Highway 183 and Highway 45 and is just six minutes from Westwood High School, one of Austin’s premier high schools known for top-rated academics. Additionally, Caliza is a short drive from Lake Travis.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Ryan McBride and Robert Arzola.

TradeLane Properties closes on five-building industrial portfolio across San Antonio

Posted on by Mia Goulart

TradeLane Properties, a privately held Industrial real estate investment company, has successfully closed on a five-building light industrial portfolio totaling 631,000 square feet across the San Antonio, Texas. Acquired within the TradeLane Properties U.S.

Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, the portfolio was constructed in 2005-2006 and was 100% leased at closing to eleven diverse customers.

The transaction, with an average building size of 126,200 square feet and a weighted average remaining lease term of under four years, is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through in-house capabilities inclusive of dedicated accounting, construction, and property management teams.

TradeLane Properties would like to thank Trent Agnew and the JLL Capital Markets team for their assistance in this transaction.

Joint venture equity and construction financing arranged for shallow-bay industrial development in North Austin

Posted on by Mia Goulart

JLL Capital Markets announced today that it has arranged the equity and debt placement for Hero Way West, a to-be-built, three building business park totaling 227,200 square feet of Class A, shallow-bay product located in Leander, Texas.

JLL represented the developer, Freehill Development Company, in securing both the joint venture equity as well as the floating-rate construction loan for the project. 

Hero Way West will be designed to cater to small and regional businesses throughout Central Texas and provide best-in-class shallow-bay warehouse space for tenants as small as 8,000 square feet. Situated on 16.8 acres, the development will offer high visibility showroom space along Hero Way with dock-high rear loading, 28-foot clear heights and ample parking. A uniquely attractive combination, further evidenced by the project’s 24,500-square-foot prelease.

The project is located less than a half mile from U.S. Highway 183 in the heart of Leander, Texas, the fastest growing municipality within the Austin MSA over the last decade and the second fastest growing large city in America between 2020-2021 (U.S. Census). Additionally, the property is just 11.5 miles from Interstate 35 and the rapidly growing IH-35 Corridor, which stretches from Mexico to San Antonio-Austin, Dallas-Fort Worth and on to the Northern U.S.

The JLL Capital Markets team was led by Senior Director Charlie Strauss, Director Tom Weber, Senior Managing Director Trent Agnew and Director Josh Villarreal for the joint venture equity placement.  Managing Directors Michael Johnson and Chris McColpin led the JLL Capital Markets team for the placement of construction financing. 

Partners Real Estate arranges lease with Texas Chiller Systems in San Antonio

Posted on by Mia Goulart

Partners Real Estate recently arranged a 30,493-square foot office lease with Texas Chiller Systems located at 4441 Centergate Street in San Antonio, Texas.

Partners’ Kyle Kennan represented the tenant in the transaction. Colin McLellan with Llano Realty represented the landlord, EDG Centergate, LLC.

Partners Capital sells Blanco Crossing in San Antonio

Posted on by Mia Goulart

Partners Capital, the investment arm of Partners Real Estate (Partners), has sold Blanco Crossing, a 22,606-square-foot retail center located at 19179 Blanco Road in San Antonio. The property was originally acquired by Partners Capital in 2020 through its third investment vehicle.

The buyer was a private investor in San Antonio, Texas. Philip Levy and Jack Newman of Marcus & Millichap represented Partners Capital on the sale.

Partners Capital has completed more than $450 million in transaction volume during the last six years and their current portfolio comprises of more than 1.4 million square feet. Additionally, the Partners Capital team is currently raising capital for Partners Opportunity Fund V—which will be a $150 million equity investment vehicle acquiring value-add industrial, retail, and office properties in Texas and beyond.

Partners Real Estate arranges lease for Texas Installs, LLC in Schertz

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 41,335-square-foot lease for Texas Installs, LLC located at 5800 Tri-County Parkway in Schertz, Texas.

Partners’ Chris Caudill and Troy Martin represented the tenant, Texas Installs, LLC in the transaction. Nick Prater with 4M Realty Company, represented the landlord, FHS Associates, San Antonio, LP.

Texas Installs, LLC is an appliance installation company headquartered in Houston. They have experienced a tremendous amount of growth and needed to expand their operations into the South Central Texas market.