Texas

Anthem in Arlington, Texas

ARLINGTON, TEXAS — Trademark Property Co. has unveiled plans for the redevelopment of Lincoln Square, a 45-acre retail center in Arlington. Lincoln Square was constructed 40 years ago. Trademark acquired the property in late 2022 and subsequently entered into a public-private partnership agreement with the City of Arlington to invest $150 million into the redevelopment. The Fort Worth-based owner-operator plans to demolish about 229,000 square feet of the existing space and repurpose another 65,000 square feet at the property. The resulting mixed-use community will be known as “Anthem.” Once converted, the …

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Remington Ridge in Weatherford, Texas

WEATHERFORD, TEXAS — Cushman & Wakefield has arranged the sale of Remington Ridge, a 257-unit community in Weatherford. Juniper Investment Group purchased the asset from Trinity Capital Group for an undisclosed price. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller in the transaction. Remington Ridge is a two-phase development. The first phase comprised 133 units and was completed in 2022. The second phase is currently underway and will deliver an additional 124 units. Amenities include a clubhouse with business center, game room, fitness center with yoga …

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LIBERTY HILL, TEXAS — Greysteel has negotiated the sale of a 15-acre development site in Liberty Hill, about 40 miles north of Austin. J.R. Ellis of Greysteel brokered the transaction. The buyer and seller were not disclosed. The site is approved for the construction of a 345-unit community, which will include a workforce housing component. A construction timeline was also not disclosed.

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2500 Cedar Springs Road in Dallas

DALLAS — Lincoln Property Co. has acquired a four-acre site at 2500 Cedar Springs Road in Dallas’s Uptown neighborhood. The firm plans to develop a mixed-use community featuring 250 apartments, as well as 400,000 to 500,000 square feet of office space, a 200-room hotel, 25,000 square feet of food-and-beverage retail space and green spaces. A development timeline for the project was not disclosed. Lincoln Property Co. will handle leasing for the project in-house, with Jake Young and Worthey Wiles leading the effort.

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HOUSTON — Marcus & Millichap has brokered the sale of Rosslyn Heights Apartments, a 60-unit complex in Houston. Rosslyn Heights Apartments was built in 1985. The property offers two-bedroom units and amenities such as a playground. Kyle Devillier, Gregory Austin, Travis Austin and Jackson Hart of Marcus & Millichap represented the seller and procured the buyer in the deal. Both parties were limited liability companies that requested anonymity.

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IRVING, TEXAS — Colliers Mortgage has provided a Fannie Mae acquisition loan for Landen Apartment Homes in Irving. Fritz Waldvogel of Colliers Mortgage originated the loan, which features a five-year term, through a partnership with Old Capital Lending. The borrower was an entity doing business as NH Investments LAH LLC. Landen Apartment Homes comprises 134 units across four two-story buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a pool, playground and outdoor kitchen and grilling stations.

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Domain at Midtown Park in Dallas

DALLAS — A partnership consisting of investment firms Waterford Property Co., The Vistria Group and Northern Liberties has acquired Domain at Midtown Park, a 395-unit community in North Dallas. Walker & Dunlop originated Freddie Mac acquisition financing for the deal. Built in 2016, Domain at the Park offers amenities such as a pool, clubhouse, fitness center, business center, outdoor grilling and dining stations, dog park and a golf simulator. Concurrent with the sale, the new owners also entered into a 99-year ground lease with the Dallas Housing Finance Corp. to …

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KINGWOOD, TEXAS — InterUrban Cos. has sold Woodland Hills Village, a 260-unit complex located in Kingwood, a master-planned development north of Houston. The property offers one-, two- and three-bedroom units. Amenities include a pool and fitness center. The buyer, an undisclosed Dallas-based investment firm, plans to implement a value-add program. Kyle Whitney, Chris Young, Joey Rippel and Jeffrey Skipworth and Chris Curry of Berkadia represented InterUrban Cos. in the deal.

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BLVD at Medical Center in San Antonio

SAN ANTONIO — Hamilton Zanze has sold BLVD at Medical Center, a 248-unit community in San Antonio. BLVD at Medical Center was built in 2016 and features one-, two- and three-bedroom units that average 776 square feet in size. Amenities include a pool, yoga studio, fitness center, outdoor kitchen, playground, business center and valet trash service. Hamilton Zanze originally acquired the asset in 2016. The firm sold the community after completing a comprehensive capital improvement program, which included upgrades to the apartments, building exteriors, common-area amenities and landscaping.

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KINGWOOD, TEXAS — Berkadia has arranged the sale of Woodland Hills Village, a 260-unit property located 30 minutes north of Houston in Kingwood. Kyle Whitney, Chris Young, Joey Rippel, Jeffrey Skipworth and Chris Curry of Berkadia Houston completed the sale on behalf of the seller, Colorado-based Interurban Cos. The buyer was a Dallas-based value-add firm. Woodland Hills Village is located at 2139 Lake Hills Drive. The community offers one-, two- and three-bedroom units with walk-in closets and patios or balconies. Amenities include a pool, fitness center, laundry facilities, covered parking and …

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