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Recent activity across Texas highlights a mix of new talent moves, financings and acquisitions touching multiple property types and market segments.
Younger Partners has expanded its platform with the addition of Steven Grant as managing director of retail brokerage, a role that includes leading a newly formed retail division. The firm’s investment arm, Younger Partners Investments, focuses on acquiring retail investment properties across Texas. Before joining Younger Partners, Grant founded SLG Commercial in 2017, building a Dallas-Fort Worth-based firm that concentrated on acquiring, operating and repositioning value-add shopping centers.
In the Dallas-Fort Worth area, Foss Real Estate Partners recently arranged a $7 million bridge loan for Oakhollow Business Park, an 84,469-square-foot business park. Foss handled underwriting, evaluated multiple scenarios and assisted in finalizing the strategy before securing the financing. The bridge loan was structured at 70% loan-to-cost, fixed at 6.50% and structured as full-term interest-only.
Industrial investment also remains active, with CenterPoint Properties acquiring two newly built distribution facilities at 11217 Telephone Rd. in Houston, Texas. The fully leased warehouses, completed in 2024, total 192,318 square feet. The site offers Beltway frontage, a 1.34-acre outdoor storage yard and shallow-bay configurations. JLL Capital Markets brokered the transaction.
On the healthcare side, Cambridge Realty Capital provided $6.1 million to refinance Avalon Memory Care Keller in Keller, Texas. According to Cambridge Senior Vice President Brent Holman-Gomez, the fully amortized, 35-year loan was provided to a Texas limited liability company that owns the property. The financing utilized the HUD Section 232 pursuant to Section 223(f) funding program, which is designed to refinance existing HUD loans. Avalon Memory Care Keller is described as a 50-bed stand-alone memory care facility.
Construction financing is supporting new industrial development as well. JLL Capital Markets arranged a floating-rate construction loan for Clay Road Business Park, a three-building, 483,128-square-foot industrial project in Sunnyvale, located about 14 miles east of downtown Dallas. Working on behalf of borrower CapRock Partners, JLL secured a 3.5-year loan from a regional bank, with two additional one-year extension options built into the structure.
Taken together, these personnel moves, financings and acquisitions underscore ongoing capital formation and asset-level activity across the Texas market, spanning retail, industrial and specialized healthcare properties.
The post Texas People & Companies: Steven Grant Joins Younger Partners, Foss Funds Oakhollow Park appeared first on CRE Market Beat.
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