Property Type

Boulder Group Arranges $2.1M Sale of Dollar General Market-Occupied Retail Property in Indiana

by Kristin Harlow June 5, 2025

HOBART, IND. — The Boulder Group has arranged the $2.1 million sale of a single-tenant retail property net leased to Dollar General Market in Hobart within southwest Indiana. The newly constructed building is the larger prototype of 12,480 square feet. There are 15 years remaining on the lease, which features 5 percent rental escalations every five years throughout the primary term and at all five of the five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based developer. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the buyer, an Indiana-based individual completing a 1031 exchange.

June 5, 2025

Kansas Leasing Activity Midwest Restaurant Retail

Indian Eatery Desi Chowrastha to Open First Kansas City-Area Location in Overland Park

by Kristin Harlow June 5, 2025

OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park. The restaurant will occupy space within a 15,500-square-foot pad building of Corbin Park Retail Village and will join co-tenants American Red Cross, Mozari Alterations and Embody. The name Desi Chowrastha is derived from “Desi,” a word used to describe the people, cultures and products of India, Pakistan and Bangladesh, and “Chowrastha,” a word used to communicate the joint to hang out with friends and how Indian culture evolved around them. The menu features a variety of kabobs, curries, appetizers and sandwiches. The chain currently has 25 franchisees across America, with many others under contract. Block & Co. is the leasing and property management company for the pad building.

June 5, 2025

Market Reports Multifamily Office Texas Texas Market Reports

What Are the Major Lease Considerations for Texas Office Users in Buildings Facing Conversion?

by Taylor Williams June 5, 2025

By Nate Wilkins, associate at Munsch Hardt Kopf & Harr PC Office conversions represent one of the hottest real estate plays in the country, and Texas is undoubtedly a hotspot for those projects. According to D Magazine, in Dallas and Houston combined, there is more than 10 million square feet of vacant office space that is currently being transformed or is slated for conversion. A majority of these projects are mixed-use, meaning that office tenants will eventually be occupying the same building as residential tenants. Therefore, there are several key factors that office tenants and their landlords must consider when signing or renewing leases in the conversion projects, including utilization of common areas, use of utilities and parking allotments. What follows are some strategies for navigating office conversions as they become more prevalent in Texas over the next several years. Common Areas In a typical mixed-use property in which retail space is on the ground floor with multifamily above, landlords are prone to include lease language that states, “Tenant shall have no right to use the elevator lobbies, apartment floors and any other areas designated by landlord exclusively for residential occupants.” While standard, this language becomes troublesome when the only way …

June 5, 2025

InterFace I-85 Industrial Corridor panelists

Conference Coverage Features Industrial North Carolina Southeast Southeast Feature Archive

Competition for Labor, Land Is Reshaping the I-85 Industrial Corridor, According to InterFace Panelists

by Abby Cox June 5, 2025

CHARLOTTE, N.C. — Stretching from Alabama to Atlanta, through the Carolinas and into Virginia, the I-85 corridor has long been a backbone of industrial growth in the Southeastern United States. Once celebrated as a magnet for logistic hubs, manufacturing plants and warehouse developments, this valuable category of real estate is now showing signs of strain. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. During the COVID-19 pandemic, industrial real estate, especially warehouses and distribution centers, saw a dramatic surge in demand due to a rise in e-commerce, inventory stockpiling due to supply chain issues and lower interest rates. Fast forward five years later, the industrial market is now experiencing a slowdown due to new pressures that are reversing or slowing down many of those trends. “People are concerned about making a decision today without knowing what’s going to happen tomorrow,” said John Coleman, senior vice president of Graham &. Co. Coleman specializes in representing both tenants and landlords across the Birmingham and Montgomery industrial markets in Alabama. Coleman’s comments came while on stage during the closing panel at InterFace …

June 5, 2025

Data Centers Development Industrial North Carolina Southeast Top Stories

Amazon to Develop $10B Data Center Campus in North Carolina

by Hayden Spiess June 5, 2025

RICHMOND COUNTY, N.C. — Amazon (NASDAQ: AMZN) has announced plans to develop a new, $10 billion cloud computing and artificial intelligence (AI) innovation campus in Richmond County, roughly 80 miles east of Charlotte. According to the Seattle-based company, this marks one of the largest capital investment announcements in the history of the state. Upon completion, the campus will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. The project will be situated at one of the Economic Development Partnership of North Carolina’s Selectsite Readiness Program sites, which are designed to accommodate industries like AI and advanced manufacturing. Specific details about the site and construction timelines were not released. Amazon reports that the investment will create at least 500 new jobs, adding to the more than 192,000 tech professionals already in the state, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. “Amazon’s $10 billion investment in North Carolina underscores our commitment to driving innovation and advancing the future of cloud computing and AI technologies,” says David Zapolsky, chief global affairs and legal officer with Amazon. “This investment will position North Carolina …

June 5, 2025

Development Industrial Texas

Provident Industrial, Junction Underway on 740,404 SF Project in North Houston

by Taylor Williams June 4, 2025

HOUSTON — Provident Industrial, in partnership with Junction Commercial Real Estate, is underway on Eastex 59, a 740,404-square-foot project in North Houston. The site spans 62.5 acres and is located just east of George Bush Intercontinental Airport. The development will consist of four buildings that will range in size from 148,075 to 224,133 square feet. Three of the buildings will feature front-load configurations, and the fourth will have a cross-dock configuration. Eastex 59 will also offer users a total of 246 dock doors and parking for 522 cars and 200 trailers. Seeberger Architecture is designing the project, and Langan is providing civil engineering services. Completion is slated for late 2026.

June 4, 2025

Development Industrial Texas

Finial Group Completes 169,860 SF Industrial Complex in Southwest Houston

by Taylor Williams June 4, 2025

HOUSTON — Locally based brokerage and development firm Finial Group has completed construction of a 169,860-square-foot industrial complex in southwest Houston. The property consists of seven freestanding buildings on a 20-acre site at 6811 McHard Road that were developed in three phases over the past five years. Finial Group completed and sold the first two buildings in 2020 and subsequently broke ground on the next two buildings in 2021. Those facilities are now leased to Precision Manufacturing and TradeBlock Inc.

June 4, 2025

Acquisitions Industrial Self-Storage Texas

Versal Arranges Sale of 143-Unit RV, Boat Storage Facility in Magnolia, Texas

by Taylor Williams June 4, 2025

MAGNOLIA, TEXAS — Versal, a self-storage brokerage firm with offices in Austin and Los Angeles, has arranged the sale of Carraway RV & Boat Storage, a 143-unit facility located in the northwestern Houston suburb of Magnolia. The facility spans 70,893 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the locally based seller, M&T Interests LLC, in the transaction. The team also procured the undisclosed, Houston based buyer.

June 4, 2025

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 21,418 SF Industrial Lease in Round Rock, Texas

by Taylor Williams June 4, 2025

IRVING, TEXAS — Lee & Associates has negotiated a 21,418-square-foot industrial lease in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 350 Texas Ave. was completed earlier this year, totals 107,298 square feet and features 28-foot clear heights, two drive-in bays and 20 dock doors. Adam Green and Will Sallis of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.

June 4, 2025

Acquisitions Office Retail Texas

SRS Real Estate Brokers Sale of 20,141 SF Office, Retail Complex in Waxahachie, Texas

by Taylor Williams June 4, 2025

WAXAHACHIE, TEXAS — SRS Real Estate Partners has brokered the sale of North Grove Cetner I and II, a 20,141-square-foot office and retail complex in the southern Dallas suburb of Waxahachie. The property consists of a 15,641-square-foot retail and office property that is fully leased to 11 tenants, as well as a 4,500-square-foot, single-tenant structure that is occupied by Fish City Grill. Michael Kaplan, Matthew Mousavi and Patrick Luther of SRS represented the seller, a Texas-based family office, in the transaction. The buyer was also a Texas-based family office that acquired the property in an off-market deal.

June 4, 2025

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