JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for Park Ten Plaza, a 157,759-square-foot, Class-A office located in Houston, Texas.

JLL marketed the property for the seller USAA Real Estate. Fuller Realty Partners and ICP Funds acquired the asset. JLL also worked on behalf of the new owner to secure a loan through East West Bank.

Park Ten Plaza features best-in-class design and amenities, including a new 1,177-square-foot fitness center, an executive level conference room, a lobby and recent HVAC and roof replacements.

Situated at 15115 Park Row in the Energy Corridor, the property is located within the Park Ten Business Park, a 550-acre master planned business park in the heart of West Houston. The office is the only building in the Energy Corridor that is adjacent to a destination entertainment venue, Top Golf, and walkable to a variety of dining options. The Energy Corridor, known as the Central Business District of West Houston, is the third largest employment center in Houston. Additionally, property is 8.4 miles from Westchase District, 5.6 miles from CityCentre, 7.2 miles from Memorial City, 2.8 miles from Texas Children’s Hospital and 2.6 miles from Houston Methodist.

The JLL Capital Markets Investment Sales team representing the seller was led by Senior Director Rick Goings, Managing Directors Kevin McConn and Marty Hogan, and Analyst Jack Moody. Working on behalf of the borrower, Managing Director Cameron Cureton and Senior Managing Director Wally Reid led the JLL Debt Advisory team.

A news release from Oldham Goodwin states they will have details about redevelopment in the near future.

Oldham Goodwin is pleased to announce the sale of 601 University Drive. Executive Vice President Clint Oldham arranged the sale of this landmark retail site on University Drive in College Station. With over 92,000 square feet of existing retail space on over 9 acres of prime real estate, the property presents a unique opportunity for future redevelopment in the heart of College Station along the gateway to Texas A&M University.

“This one has been a long time coming. We’ve had our eyes on it since completing the Chimney Hill redevelopment next door,” Oldham said about the redevelopment of the property. “The former University Drive Albertson’s location is obviously familiar to the community, and now it will serve the people of Bryan-College Station again. We’re excited to be a part of the redevelopment and future of such a key property.”

Originally developed as a Randall’s grocery store in 1991, the site became an Albertson’s in 1997 before closing in 2011. More recently a portion of the property has been home to A+ tutoring, while the grocery store box has remained vacant. Oldham Goodwin will have more details about the development of the location in the near future. Click to read more at www.wtaw.com.

Berkadia announces it has arranged the sale of Boardwalk Lofts, a 319-unit multifamily community in Katy, Texas. Managing Director Jeffrey Skipworth, Director Kyle Whitney, Managing Directors Joey Rippel and Chris Young and Senior Managing Directors Chris Curry and Todd Marix of Berkadia Houston represented the seller, an affiliate of Sueba USA Companies, a real estate development company based in Houston, Texas.

Built in 2021 and located at 122 Lakeview, Boardwalk Lofts offers one-, two- and three-bedroom units ranging from 520 square feet to 1,914 square feet. Individual units feature chef-inspired kitchens with under-mount sinks, stainless steel appliances, kitchen cabinets with brushed nickel hardware, custom granite countertops, bathrooms with custom framed mirrors, oversized soaking tubs with walk-in showers, designer tile and wood-style flooring throughout, patios and balconies. Community amenities include a leisure pool and lap pool, a summer kitchen with gas grills, a business conference center, 24-hour fitness center, a coffee bar, walk and biking trails and valet trash service.

Situated in Katy, Boardwalk Lofts has convenient access to the newly expanded Grand Parkway, the University of Houston Katy campus, Boardwalk Crossing, George Bush Park and Katy Mills. It is 30 minutes from Downtown Houston and only one hour away from the William P. Hobby Airport.

A business park with industrial, office and retail offerings is under discussion for Robinson Road in Oak Ridge North’s extraterritorial jurisdiction as part of the city’s ongoing economic development.

At the April 11 meeting of the City Council, Nate Newman of Newman Development Corp. discussed recent progress toward a development agreement with the city for Woodlands Ridge Business Park, which would require a public utility expansion. City officials said in meeting materials there was adequate supply for water and sewer to be extended to the proposed complex.

According to city materials, the process began in May 2019 when Newman requested a predevelopment meeting regarding a future development in the city’s extraterritorial jurisdiction as well as potential annexation into the city.

On April 11, Newman said the development company agreed to the several requests the city had previously made for the project, including upgrading its plans for a facade as well as incorporating a retail center as part of its plan. Click to read more at www.communityimpact.com.

Berkadia has arranged the sale and financing of The Dawson, a 354-unit multifamily community in the Energy Corridor, West Houston’s Central Business District. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel, alongside Director Kyle Whitney of Berkadia Houston represented the seller, RPM Living, a multifamily property management, investment and development company based in Austin, Texas.

Managing Director Clay Akiwenzie of Berkadia Incline Village secured acquisition financing on behalf of the buyer, Bridge Partners, a private real estate investment firm based in Walnut Creek, California. Freddie Mac provided the seven-year, adjustable-rate loan.

Built in 2014 and located at 13411 Briar Forest Dr., The Dawson offers one- and two-bedroom apartments ranging from 649 square feet to 1,552 square feet. Individual units feature wood-style flooring, granite countertops, stainless steel Whirlpool appliances, Bluetooth surround sound, walk-in closets, updated bathrooms, linen and coat closets and private patios or balconies. Community amenities include a modern clubhouse, business center, a two-story fitness center, yoga and spin room, pool, sun deck with lounge chairs, an outdoor kitchen with gas grills, an outdoor fire pit, enclosed dog park, private parking and electric car charging stations.

The Dawson is in walking distance to the third largest employment center in the metro, highly ranked Bush Elementary School and popular Ray Miller Park.