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Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 100,060-square-foot JCPenney retail building located at 23523 Grand Circle Boulevard in Katy, Texas.
Partners’ Dimitri Jordan represented the buyer in the transaction.
Jack Collins of Northmarq’s Chicago office completed the sale of a brand new, single-tenant property leased to Dollar General located at 1310 Westinghouse Road in Georgetown, Texas. Collins successfully closed the property at a 5.25% cap rate to a private investor.
The newly constructed freestanding Dollar General features 10,566 square feet situated on approximately 1.32 acres. The property is located just off Interstate 35 along the busy Westinghouse Road.
Georgetown, Texas, is a suburb less than 30 minutes from Austin and has been ranked as one of the fastest growing cities in the U.S. The tenant operates on a long-term absolute triple net lease and has proven to have one of the most successful business models in the net lease space.
GREA, specializing in serving private to institutional multifamily real estate investors, announced the sale of Casa San Luis Apartments, a 63-unit apartment community located at 3155 Park Lane, Dallas, Texas, 75220.
Allen represented the seller, Gomel Capital and procured the buyer, a local investment company.
Despite the slowdown in multifamily sales activity in 2023, the GREA Dallas team has successfully brokered over 19 apartment communities in the North Texas area with another 19 under contract set to close in the next 60 days.
Fritz Waldvogel of Colliers Mortgage recently closed a Fannie Mae loan for the refinance of Hillcrest Apartments in Killeen. The 60-unit market rate multifamily property features one- and two-bedroom apartment units with onsite laundry facilities.
The seven-year term loan, arranged through a partnership with Old Capital Lending, is full-term interest only.
StreetLights Residential, anational design-driven developer of multifamily and mixed-use communities based in Dallas, has opened The Asher in Austin, part of the Presidio luxury multifamily development. Located in the rapidly growing Lakeline neighborhood in NW Austin, The Asher consists of 377 luxury apartment homes. StreetLights saw strong demand for the project’s first phases, with The Elizabeth opening in 2019 and The Michael opening in 2016.
Residents have multiple floorplans to choose from, ranging in size from 676 to 1,763 square feet, with one-, two-, and three-bedroom options available. Each home features beautifully designed interiors with granite countertops, tile backsplashes, custom flooring, dine-in island seating, urban mudrooms, custom cabinetry including a pull-out trash drawer, spa inspired bathrooms, oversized walk-in closets and Sonos smart speakers. Select units also offer smart home features, a surface flooring option, oversized outdoor living spaces and screened porches.
The Asher offers numerous amenities for residents looking to spend time outdoors, including an expansive pool courtyard with entertaining space and a private yoga lawn. The interior common spaces create an inviting, comfortable environment for residents to gather, including a lounge area with flexible co-working spaces, a creative makers craft space, a kitchen and lounge area with space for personal projects or cooking classes, and two private dining areas for intimate dinner parties or coworking. Residents also have access to a private coffee bar, a full fitness center featuring high-end cardio and strength equipment, a flex room with spin bikes, fitness echelon mirror and ballet barre, a fully equipped pet wash and spa, and secure interior bike storage.
StreetLights Creative Studio served as the architect of record for the project, handling all interior design in-house. SLR Construction, LLC, served as the GC.
StreetLights has completed six Austin projects to date, include The Bowen, a 340-unit, luxury high-rise community located in The Domain; two NW Austin communities, The Elizabeth at Presidio, a 373-unit luxury apartment community, completed in 2019 and The Michael at Presidio, a 415-unit apartment and townhome community, completed in September 2016; Flatiron Domain, a five-story luxury residential community completed in December 2019; The Catherine, a 19-story, 300-unit luxury high-rise located in Downtown Austin, completed in October 2015; and The Kenzie at The Domain, a six-story residential community comprised of 279 units, completed in August 2014.
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, recently arranged an 11,661-square-foot lease located at 1415 Louisiana Street in Houston.
Partners’ Griff Bandy and John Zivley represented the tenant in the transaction. The landlord, Wedge Commercial Properties, was represented by Connor Saxe of Cushman & Wakefield.