Category: Deals & Announcements

Sale of student housing community near University of Houston closes

Posted on by Mia Goulart

JLL Capital Markets closed the sale of Vue on MacGregor, a 117-unit / 347-bed student housing community near the University of Houston.

JLL worked on behalf of the seller, Trimont, LLC and procured the buyer, Axonic Properties, LLC.

Built in 2014, the 96.3% occupied property features fully furnished one-, two-, three-, four- and five-bedroom units ranging from 369 square feet to 1,128 square feet. The units include in-unit washers and dryers, stainless steel appliances and granite countertops. Community amenities include dedicated study rooms, a swimming pool, two fitness centers, a business center, free community-wide Wi-Fi and cable, dog park and prime views of downtown from an upper view deck.

Situated at 4460 South MacGregor Way, Vue on MacGregor is 0.5 miles from the University of Houston campus and a 15-minute drive from Downtown Houston, which features 52 million square feet of office space. The property is ideally set in a quiet enclave near MacGregor Park, a short walk or shuttle ride to classes and only a few miles from the light rail providing access to downtown. Both Griggs Road Shopping Center and The Trail Shopping Plaza are a five-minute drive from the property. Additionally, residents have easy access to the greater Houston metro via nearby Interstate 45.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Teddy Leatherman and Scott Clifton, Director Kevin Kazlow and Analyst Danielle Rice.

Partners Real Estate arranges sale of 37,500-square-foot industrial building in Laredo

Posted on by Mia Goulart

Partners, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 37,500-square-foot industrial building located at 14610 Atlanta Drive in Laredo, Texas.

Partners’ Gustavo Torres represented the seller, Richard G. Boswell, in the transaction.

Colliers Mortgage closes Fannie Mae loan for the acquisition of The Bradford in Buda, Texas

Posted on by Mia Goulart

Fritz Waldvogel of Colliers Mortgage closed a Fannie Mae loan for a repeat client for the acquisition of a market-rate multifamily property in Buda, Texas, The Bradford.  Community amenities at the 264-unit gated community property include concierge service, 24-hour fitness center, carport parking, business center, clubhouse with free wi-fi, resort style swimming pool and sundeck and gourmet coffee bar.

The loan carries a five-year term and was arranged for transaction sponsor, SPI Advisory.

Si Tapas to open Crockett Row location

Posted on by Mia Goulart

Younger Partners announced today that the firm has executed a lease with Texas tapas pioneer Ildefonso Jimenez to open a Fort Worth location of Si Tapas. The lease includes 4,275 square feet of space at 2949 Crockett Street.

Si Tapas Restaurant and Bar offers a taste of Spain in the heart of Fort Worth’s Cultural District by offering both classical and contemporary Spanish cuisine. Their house drinks and select wine list offer a unique collection of Spanish wines hand selected by region, and their food reflects the rich regional diversity of classical and modern Spain. Ildefonso will be adding “exclusive” to Fort Worth menu items such as Cochinillo.

The restaurant is expected to open in early Fall 2023.

Partners Real Estate arranges sale fabrication and distribution property in La Marque

Posted on by Mia Goulart

Partners Real Estate (Partners), arranged the sale of a 43,000-square-foot fabrication and distribution building located at 4725 Lawndale St. in La Marque, Texas.

Partners’ Cary Latham and Wyatt Huff represented the seller, Baucom Property Leasing, LLC, in the transaction of a sale leaseback to Bebco Environmental Controls Corporation, a leading manufacturer of industrial and hazardous location climate control products. Anthony Heins of Heins Properties represented the buyer, Wolf Capital Partners, in the sale.

Eagle Property Capital announces disposition of multifamily asset in DFW

Posted on by Mia Goulart

Eagle Property Capital Investments, LLC (EPC), a vertically integrated real estate investment manager focused on the value-add multifamily space, announced the disposition of Colinas Ranch Apartments, a 160-unit apartment community, located in Irving northwest of Dallas-Fort Worth, Texas.  The Property was acquired by EPC Multifamily Partners IV, LLC (Fund IV) and RealtyMogul 89, LLC in October 2018.

Colinas Ranch Apartments, located at 3203 W Walnut Hill Lane in Irving, was built in 1971.  EPC successfully implemented a thorough repositioning strategy that substantially improved the profitability of the value-add property.  The strategy included upgrading the apartment interiors, existing common areas and amenities, adding new amenities and services as well as implementing water and energy conservation programs. In addition, the property benefited from operating efficiencies that reduced controllable expenses by being operated together with Grand Riviera, a neighboring property.