Here's a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

NEWS AND NOTABLES

HOUSTON—NAI Partners, one of the largest independently owned commercial real estate firms in Texas, has seen its landlord services line of business' retail services team take Houston, Austin and San Antonio by storm, closing more than a deal per week since the summer of 2016. NAI Partners' retail team is led by senior vice president Jason Gaines, a 15-year industry veteran who established the group in July 2016. It is further anchored by Shaffer Braun, associate; Chris Holder, associate; and the recently hired Laura Diggs, an associate with previous experience as a leasing representative at Whitestone REIT and Boxer Property.

DEAL TRACKER

AUSTIN, TX—On behalf of Zydeco Development, JLL has successfully negotiated a new retail lease for Austin Java at MetCenter, Austin's mixed-use business park. The locally based eatery will open its newest location within building 12 located in the heart of MetCenter II. JLL's agency team is the exclusive leasing partner on the project.

BOULDER, CO—JLL's capital markets experts announced the firm secured $75.3 million of financing for the acquisition of the Boulder Portfolio, a three-asset class-A office portfolio by institutional investors advised by JP Morgan Asset Management. Deutsche Bank provided the five-year floating rate loan. Executive managing director Michael Melody, managing directors Maggie Coleman, Kellogg Gaines and Baxter Fain; and senior vice president John Ream led the JLL team on the financing.

DALLAS—Adira Apartments, a 164-unit apartment property and The Corners, a 242-unit apartment complex, have sold, according to Kyle Palmer, regional manager of the firm's Fort Worth office. Al Silva, senior managing director investments; Ford Braly, senior associate and Mark McCoy, associate in Marcus & Millichap's Fort Worth office, had the exclusive listings to market the properties. The listings were marketed on behalf of the two separate sellers, a private Dallas-based partnership and a California-based investment fund. The two separate buyers, both of whom were Dallas-based investment companies, were secured by the Silva multifamily team as well.

DALLAS—Reserve Capital Partners and Trinity Private Equity Group has acquired Hidden Grove at 12404 Park Central. JLL will continue to serve as marketing and leasing partner for the property. The firm served in the same capacity for the previous ownership group. The JLL team, comprised of managing director James Esquivel, managing director Jeff Eckert and senior associate Ahnie Sheehy, has brought the asset to its current 100% occupancy with the additions of recent large tenants BenefitMall, Studio Movie Grill's corporate office and Pollo Campero's international corporate office.

DENVER—Austin, TX-based multifamily property management company Roscoe Properties Inc. has launched into the Denver market with a new construction lease-up and two management takeovers in the past 30 days. Roscoe opened the leasing office for Meadows Luxury Apartments, a 240-unit apartment community being built in Castle Rock in early November. Within the first week of the Meadows' office opening Roscoe secured seven preleases. Additionally, Roscoe took over the management of Mountain Vista apartments in Lakewood and Sunset Ridge apartments in Westminster. Both communities are well located to major area employers, parks and recreational areas, and have direct access into Denver. Roscoe's Denver team is led by Kelly Blaskowsky and Tara Ewing, having a combined more than 40 years of multifamily management experience.

FORT WORTH—DFW Lee & Associates has completed a new lease transaction for a 250,000-square-foot industrial space located at 2900 Meacham Blvd. Becky Thompson of Lee & Associates Dallas/Fort Worth represented the tenant, Woods Distribution Solutions, and the landlord, 2900 Meacham LLC, was represented by Ryan Wood.

HOUSTON—NAI Partners recently represented Ophthalmic Plastic Surgeons of Texas in a 4,193-square-foot office lease at 7500 San Felipe St. NAI Partners' Dan Boyles and Liz Westcott-Brown represented the tenant, Ophthalmic Plastic Surgeons of Texas, and Kristen Rabel represented the landlord during the negotiations.

HOUSTON—NAI Partners' landlord services division recently added to its property management and office project leasing portfolio, winning the assignment for the 72,000-square-foot 2855 Mangum Rd.

STILLWATER, OK—Squires Landing Apartments and Wicklow Apartment Community totaling 287 units have sold, according to Kyle Palmer, regional manager of the firm's Oklahoma City office. Derek Wilson, associate in Marcus & Millichap's Oklahoma City office, had the exclusive listing to market the properties on behalf of the seller, a private investor. The portfolio was marketed for 30 days and after a competitive bidding process, generated 11 offers from local and out-of-state investors. Ultimately, the properties closed at a sub-6% cap rate to an experienced private partnership. The buyer intends to invest additional funds to renovate the properties to make them more appealing to area residents. Squires Landing Apartments is located at 400 South Squires Landing Blvd. and Wicklow Apartment Community is located at 700 Wicklow St. Stillwater is the 10th largest city in Oklahoma, with more than 46,000 residents.

WYLIE, TX—Strive recently announced the sale of Starbucks. This is a newer concept from Starbucks–an approximately 500-square-foot building with a drive-through and walk-up window only. It was a pad site to Woodbridge Centre, a retail center anchored by a 123,000-square-foot Kroger Marketplace. Strive exclusively represented the seller, a Chicago developer, in the transaction. The buyer was a group of investors from Houston and Denver. Additional terms of the sale were not released.

BUILDING BLOCKS

AUSTIN, TX—On 2,000 acres of what was once prairie land is Whisper Valley, a new $2 billion zero-energy capable master-planned community developed by Boston-based Taurus Investment Holdings. Whisper Valley is already on its way to being the housing development of the future using renewable energy to make all 7,500 homes net-zero capable; the largest sustainable housing community in the country.

LAKE TRAVIS, TX—For $6 million, the right buyer can acquire 123 acres, which includes waterfront property on Lake Travis and an 80-slip marina. Also included is an opportunity for an investor to own and develop four phases of the Waterford at Lake Travis, which includes 49 ready-to-go lots for single-family home development, as well as larger vacant land tracts.

LAS CRUCES, NM—National Healthcare Development, an affiliate of National Healthcare Realty, has completed the development of a new skilled nursing and transitional rehabilitation facility. The new transitional rehab center will add 50 new skilled nursing beds to the Las Cruces market and offer a convenient rehabilitation location near Mountain View Medical Center, the largest and newest hospital in Dona Ana County. The 37,000-square-foot facility offers a therapy gym as well as other amenities not typically found in skilled nursing centers such as individual patient rooms, a salon and spa, and several outdoor therapy and retreat areas. The facility is leased to Welbrook Senior Living, a Utah-based post-acute provider that has operations throughout the Southwest and in California. This will be Welbrook's first facility to open in New Mexico, while a second facility is also now underway in Farmington, NM.

Instant Insights /

Middle Market Digest: Mid-Week in the South and Mountain Regions

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