DALLAS, TX – Gardner Capital, a family-owned private equity firm specializing in multifamily housing and renewable energy development and investment, recently completed a $25 million mixed-income multifamily apartment community in southwest Houston. Provision at West Bellfort, a 144-unit gated community created as part of the Hurricane Harvey recovery effort, is located in the Alief neighborhood of Sugar Land, Texas, a mix of diverse multicultural neighborhoods and commercial properties. Gardner Capital developed Provision at West Bellfort in partnership with both Texas-based and national partners at Amegy Bank, Raymond James and Fannie Mae, bolstering its growing presence in the Houston market. “We appreciated the opportunity to work with local and national partners in Houston while helping the city and community continue to recover from Hurricane Harvey,” said Michael Gardner, President and CEO of Gardner Capital. “As we expand our work in affordable housing and real estate development across the country, Houston, Dallas and Austin remain our primary markets, and Provision at West Bellfort is a terrific example of multiple industry leaders coming together to create an outstanding complex in a diverse neighborhood.” Click to read more at www.multifamilybiz.com.

HPM recently announced the hiring of accomplished industry professional and long-time owner’s representative Gaila Barnett, AIA, making her the company’s latest addition to its fast-growing west region. Barnett leads HPM’s ongoing work in the construction of the $35 million Hyatt Place hotel at Texas Christian University in Fort Worth, and will also play a vital role in helping HPM to expand its footprint in several industries. With decades of experience in the architecture, construction and owner’s rep markets, Barnett serves as a utility player who will help bridge the gap between HPM’s lines of service and client management on upcoming projects for the company. Barnett’s versatile background has given her a unique vantage point into the nuances of all phases of program management and equips her with the skills needed to guide key project partners across HPM’s broad portfolio of assignments. Throughout her career, she has led projects totaling $2 billion across 26 states in a variety of design, construction and owner’s rep leadership roles, adding continued depth and versatility to HPM’s bench of talent. Possessing a resume loaded with experience in the healthcare sector, Barnett brings the ability to home in on various facets of guaranteed maximum price, design-bid-build and design-build projects while navigating the challenges associated with each phase in complex organizations. Barnett began her career as an architect in the Dallas area and Los Angeles, learning all aspects of the industry’s business while leading major projects for high-profile clients including IBM, Dell and Southwestern Bell. She worked for the commercial construction firm The Beck Group in Dallas as a construction account manager for IBM in 17 states and oversaw a successful merger with one of the region’s leading design firms. Barnett led several dozen healthcare capital projects for Hammes Company including St. Luke’s Health in Houston, Pitt County Memorial Hospital in North Carolina and Scott & White in Temple, Texas, before expanding her own company, Barnett Consulting Group. As an entrepreneur, she began her company in 1995 as an ADA consulting firm and expanded her services to provide program management and owner’s rep services in 2010 for a number of signature clients, including Baylor, Scott & White Health in Texas and Cinemark in 17 states. “I’m thrilled to join the team of talented professionals at HPM and look forward to helping the company blaze new trails in Texas,” Barnett said. “I am confident in my ability to act as both a manager and mentor in all project stages, and believe that my extensive background in architecture and construction, along with the ability to see through the lens of the owner, will play an integral role in bridging the common language barriers often found in high-stakes project work. We’re off and running on the Hyatt Place hotel in Fort Worth, and I’m grateful for the confidence of the entire leadership team at HPM.” Barnett will add value by helping to plug in key knowledge gaps in the design phase spurred by the current void of mid-range project experience hampering the architecture community. A registered architect in Texas and California, Barnett was awarded the AIA Young Architect of the Year Award by the Dallas AIA chapter in 1996 and has appeared in several leading publications, including Contract Design Magazine. She is a registered accessibility specialist in Texas and has served as an ADA expert witness for the U.S. Department of Justice on numerous class action lawsuits. “Gaila’s keen understanding of the necessities and key details behind each phase of a major capital project allows her to produce superior work and communicate effectively with all parties involved,” said James Adams, vice president of HPM’s west region. “HPM is poised to benefit from her versatility and impressive list of industry contacts in Texas, and we anticipate her leadership will help guide us into the next decade of continued growth and expansion as we tap into new markets.”

JLL Capital Markets has arranged a $10 million refinancing for Pinnacle Business Center, a fully leased, three-building, Class A, shallow-bay industrial facility totaling 181,050 square feet in Dallas. JLL worked on behalf of the borrower, an affiliate of Cohen Asset Management, to place the 10-year, fixed-rate loan with National Life. JLL will also service the loan. Completed in 2004, Pinnacle Business Center’s rear-load buildings feature clear heights ranging from 24 to 28 feet, deep truck courts, 51 dock-high doors, nine ramp access doors, office space and ample parking. The industrial facility is home to 12 tenants in a wide array of industries, including manufacturing, baking, architecture, clothing and automotive. Situated on 12.68 acres at 1444 N. Cockrell Hill Boulevard, 4310 Adler Drive and 4305 Pinnacle Point Drive, Pinnacle Business Center is six miles from downtown Dallas and located off Interstate 30, the major thoroughfare between Dallas and Fort Worth. Additionally, the park is in the Eastern Lonestar/Turnpike Industrial submarket, an established submarket that has seem tremendous rental growth over the past decade. The JLL capital markets debt placement team representing the borrower was led by director, DJ Meagher, senior managing director, Paul Brindley, and analyst, Dillon Donald. The team secured financing for the borrower’s acquisition of this property in 2015.

Enterprise America has purchased almost two acres of land at Ennis Crossing, a seven-acre development in Ennis, Texas. Demian Salmon with Stream Realty Partners represented Enterprise America in the purchase, while Jim Jamerson with SEGOVIA Retail Group and Chad DuBose with Foremark brokered the sale on behalf of DA Ennis 45 Partners, LP. “Since DFW has experienced significant migration from outside Texas, we have seen the hospitality market embracing communities such as Ennis for its quality of life and strategic proximity to larger markets,” said Salmon, senior vice president of land division at Stream’s Dallas office. “We are thrilled to get this deal across the finish line for Enterprise America.” The future site of a 95-key Marriott Fairfield Inn is located at the northeast quadrant of I-45 and East Ennis Avenue (SH 34). The hotel will join a thriving development that currently features Chick-Fil-A, Schlotsky’s, Smoothie King, and Highway 55 Burgers. “We are excited about bringing this latest development to Ennis,” said Sharif Choudhury, president of Enterprise America. “Compared to other markets in the U.S., the hospitality industry in the Dallas-Fort Worth metroplex has the potential to bounce back much faster.” This site development will contribute to the Ennis Economic Development Corporation’s operations, which have brought over $535 million in industrial development projects to Ennis and created more than 2,000 jobs in the last ten years. As the Economic Development Corporation continues to make strides in the Southern Tier of the Dallas/Fort Worth Metroplex, this hotel site will enhance the quality of life and recreation that the city of Ennis provides to both residents and visitors. “The Enterprise America team remains committed to developing properties in DFW to support the entrepreneurial, pro-business environment that this region is known for,” said Warren Yip, director of hospitality management and investment at Enterprise America.