Middle Market Digest: This Week in the South and Mountain Regions

NEWS AND NOTABLES

AUSTIN, TX—Amherst Capital Management LLC, a BNY Mellon investment boutique, announced the expansion of its private funds leadership team with the appointment of Damon Pitler as managing director–portfolio manager, private funds.

DENVER—Savills Studley announces the return of Brendan Fisher to Savills Studley's Denver office, where he will serve as a corporate managing director and join the office's leadership team. Fisher comes to Savills Studley from Cresa Denver, where he has served as the office's chairman and managing principal since 2014. In addition to Schuham, Fisher joins industry veterans Todd Roebken and Greg Bante on the Denver office leadership team. Roebken and Bante, along with six other tenant representation advisors on their team joined Savills Studley's Denver office in early 2017. Aaron Hafliger and Peter Hoselton, who worked closely with Fisher at Cresa Denver, have also joined Savills Studley's Denver office as associate director and assistant director respectively. Assistant director Tyler Voell also joined the rapidly growing Denver office in April 2017.

DENVER—BGL, a leading facilities design and consulting firm, has joined Cresa as a wholly owned subsidiary. According to Cresa CEO Jim Underhill, BGL joining Cresa is part of a larger growth initiative, which is expected to include more acquisitions that are enabled by Cresa's recent capitalization.

HOUSTON—Real estate investment firm Rockspring Capital recently hired Michael Kastel as director of investor relations. Kastel will be responsible for client reporting, investor requests, operations and data management coordination and due diligence assistance.

DEAL TRACKER

ADDISON, TX—Stream Realty Partners secured an 8,223-square-foot lease for Parks Associates at Spectrum Center located at 5080 Spectrum Dr. Todd Noonan, senior vice president of Stream, represented the tenant, Parks Associates, while Burson Holman, Avery Bush and Aarica Mims with Granite Properties represented the owner, Granite Properties, in the transaction.

AUSTIN, TX—KeyBank has provided a $6.5 million bridge loan to Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable rental housing throughout the United States, for the acquisition of Western Trails Senior Apartments. Located in South Lamar, approximately four miles south of Austin. The income-restricted, garden-style apartment community serves residents ages 62 and older.

AUSTIN, TX—Orangetheory Fitness is set to open several new high intensity interval training studios in the Austin-area. JLL has successfully negotiated six retail leases for studios. JLL vice presidents Jon Switzer and Travis Sawvell negotiated each lease on behalf of Orangetheory Fitness.

BROOMFIELD, CO—Interpark, the latest project from United Properties' Denver-based operations, has signed its first tenant—healthcare automation company Swisslog. Swisslog Healthcare is moving its headquarters to the new industrial/flex development and leasing 67,779 square feet, more space than originally anticipated. In total Interpark will offer 228,000 square feet of industrial/flex space across two buildings plus seven acres of walkable commercial service and retail amenities.

CARROLLTON, TX—HLC Equity, a national real estate investment holding group and property manager, announced the purchase of Toscana Apartments, a 192-unit class-B multifamily community.

FORNEY, TX—Greystone Real Estate Advisors announced it closed the sale of a class-A assisted living and memory care community. Cornerstone Senior Living purchased Three Forks of Forney from Healthcap Partners on March 17 for $12.5 million. Cody Tremper and Mike Garbers of Greystone represented the seller in the transaction.

HOUSTON—NAI Partners represented Houston Obstacles LLC in leasing 25,000 square feet of industrial space located at 27329 Spectrum Way. Darren O'Conor with NAI Partners represented the tenant, Houston Obstacles LLC in the lease negotiations, while Marc Drumwright of Southwest Realty Advisors represented the landlord, Nickson Smalley Industrial LTD.

HOUSTON—NAI Partners represented Installed Building Products of Houston LLC in a 25,098-square-foot lease renewal located at 16526 Air Center Blvd. Darren O'Conor with NAI Partners represented the tenant, Installed Building Products of Houston LLC in the lease negotiations, while Brummett & Company represented the landlord, Trans Phase Ltd.

HOUSTON—NAI Partners represented KP Pineway LLC in brokering the sale of 54,740 square feet of industrial flex space in Pineway Business Park located at 13230 & 13240 Hempstead Hwy. Additionally, it represented KP Westway LLC in brokering the sale of 62,210 square feet of industrial flex space in Westway Business Park located at 10700 Hammerly Blvd and 2313 West Sam Houston Parkway North.

PAMPA, TX—TREK Investment Group announces the sale of Family Dollar. Parker Carroll represented the buyer in the acquisition of the 2015 construction property, featuring a 10-year absolute NNN corporate guarantee lease with options to renew.

NEWS AND NOTABLES

AUSTIN, TX—Amherst Capital Management LLC, a BNY Mellon investment boutique, announced the expansion of its private funds leadership team with the appointment of Damon Pitler as managing director–portfolio manager, private funds.

DENVER—Savills Studley announces the return of Brendan Fisher to Savills Studley's Denver office, where he will serve as a corporate managing director and join the office's leadership team. Fisher comes to Savills Studley from Cresa Denver, where he has served as the office's chairman and managing principal since 2014. In addition to Schuham, Fisher joins industry veterans Todd Roebken and Greg Bante on the Denver office leadership team. Roebken and Bante, along with six other tenant representation advisors on their team joined Savills Studley's Denver office in early 2017. Aaron Hafliger and Peter Hoselton, who worked closely with Fisher at Cresa Denver, have also joined Savills Studley's Denver office as associate director and assistant director respectively. Assistant director Tyler Voell also joined the rapidly growing Denver office in April 2017.

DENVER—BGL, a leading facilities design and consulting firm, has joined Cresa as a wholly owned subsidiary. According to Cresa CEO Jim Underhill, BGL joining Cresa is part of a larger growth initiative, which is expected to include more acquisitions that are enabled by Cresa's recent capitalization.

HOUSTON—Real estate investment firm Rockspring Capital recently hired Michael Kastel as director of investor relations. Kastel will be responsible for client reporting, investor requests, operations and data management coordination and due diligence assistance.

DEAL TRACKER

ADDISON, TX—Stream Realty Partners secured an 8,223-square-foot lease for Parks Associates at Spectrum Center located at 5080 Spectrum Dr. Todd Noonan, senior vice president of Stream, represented the tenant, Parks Associates, while Burson Holman, Avery Bush and Aarica Mims with Granite Properties represented the owner, Granite Properties, in the transaction.

AUSTIN, TX—KeyBank has provided a $6.5 million bridge loan to Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing safe, clean and comfortable affordable rental housing throughout the United States, for the acquisition of Western Trails Senior Apartments. Located in South Lamar, approximately four miles south of Austin. The income-restricted, garden-style apartment community serves residents ages 62 and older.

AUSTIN, TX—Orangetheory Fitness is set to open several new high intensity interval training studios in the Austin-area. JLL has successfully negotiated six retail leases for studios. JLL vice presidents Jon Switzer and Travis Sawvell negotiated each lease on behalf of Orangetheory Fitness.

BROOMFIELD, CO—Interpark, the latest project from United Properties' Denver-based operations, has signed its first tenant—healthcare automation company Swisslog. Swisslog Healthcare is moving its headquarters to the new industrial/flex development and leasing 67,779 square feet, more space than originally anticipated. In total Interpark will offer 228,000 square feet of industrial/flex space across two buildings plus seven acres of walkable commercial service and retail amenities.

CARROLLTON, TX—HLC Equity, a national real estate investment holding group and property manager, announced the purchase of Toscana Apartments, a 192-unit class-B multifamily community.

FORNEY, TX—Greystone Real Estate Advisors announced it closed the sale of a class-A assisted living and memory care community. Cornerstone Senior Living purchased Three Forks of Forney from Healthcap Partners on March 17 for $12.5 million. Cody Tremper and Mike Garbers of Greystone represented the seller in the transaction.

HOUSTON—NAI Partners represented Houston Obstacles LLC in leasing 25,000 square feet of industrial space located at 27329 Spectrum Way. Darren O'Conor with NAI Partners represented the tenant, Houston Obstacles LLC in the lease negotiations, while Marc Drumwright of Southwest Realty Advisors represented the landlord, Nickson Smalley Industrial LTD.

HOUSTON—NAI Partners represented Installed Building Products of Houston LLC in a 25,098-square-foot lease renewal located at 16526 Air Center Blvd. Darren O'Conor with NAI Partners represented the tenant, Installed Building Products of Houston LLC in the lease negotiations, while Brummett & Company represented the landlord, Trans Phase Ltd.

HOUSTON—NAI Partners represented KP Pineway LLC in brokering the sale of 54,740 square feet of industrial flex space in Pineway Business Park located at 13230 & 13240 Hempstead Hwy. Additionally, it represented KP Westway LLC in brokering the sale of 62,210 square feet of industrial flex space in Westway Business Park located at 10700 Hammerly Blvd and 2313 West Sam Houston Parkway North.

PAMPA, TX—TREK Investment Group announces the sale of Family Dollar. Parker Carroll represented the buyer in the acquisition of the 2015 construction property, featuring a 10-year absolute NNN corporate guarantee lease with options to renew.