RICHLAND HILLS, TEXAS — Truck parts manufacturer Gulf Highway Equipment has signed a 46,023-square-foot industrial lease at 7204 Burns St. in Richland Hills, a northeastern suburb of Fort Worth. According to LoopNet Inc., the single-tenant building was originally constructed in 1960. Luke Clardy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Todd Hubbard of NAI Robert Lynn represented the undisclosed landlord.
GARLAND, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of the 34,704-square-foot LBJ East Shopping Center in Garland, a northeastern suburb of Dallas. According to LoopNet Inc., the center was built on 4.7 acres in 1984. Tenants include Farmers Insurance, Northwest Street Tacos and Towngate Dental, per LoopNet. Jack Hicks and Hudson Lambert of STRIVE represented the seller and procured the Texas-based buyer, both of which requested anonymity, in the transaction.
PFLUGERVILLE, TEXAS — Takoro Sports, a Taiwanese entertainment concept centered on baseball, will open a 20,000-square-foot venue in the northern Austin suburb of Pflugerville. The facility will be constructed via ground lease within Stone Hill Town Center and will feature high-tech batting and pitching cages, various simulators, arcade games and food-and-beverage options. NewQuest owns Stone Hill Town Center. A tentative opening date was not disclosed.
HOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of two industrial buildings totaling 20,000 square feet in northwest Houston. The buildings are located on 1.4 acres at 12111-12113 Taylor Road and have 21-foot clear heights. One building also includes 1,400 square feet of office space. Chase Tucker and Andrew Bischoff of Finial Group brokered the deal. The buyer and seller were not disclosed.
CHAPPAQUA, N.Y. — A partnership between two New Jersey-based firms, Atkins Cos. and Denholtz, has completed Phase I of the renovation of Medical Offices at Chappaqua Crossing, a 490,000-square-foot office and healthcare complex located about 30 miles north of Manhattan. Northwell Health’s Northern Westchester Hospital anchors the 59-acre facility, which is located within a larger mixed-use development that formerly housed the headquarters of Reader’s Digest and is known as Chappaqua Crossing. The renovation upgraded the property’s common areas with new LED lighting, ceilings, flooring, lobby furniture, paint/wallpaper and moss wall coverings. In addition, a $6 million upgrade of HVAC systems is currently underway. The partnership acquired the property in April 2023 for $40 million.
FAYETTEVILLE, ARK. — Endeavor Real Estate Group has acquired a development site near the University of Arkansas campus in Fayetteville for a new student housing development. Details on the project have not been announced. The Austin, Texas-based firm also recently hired Chuck Carroll as principal to assist with growing the company’s student housing platform. Carroll previously spent over 20 years with American Campus Communities. He will be joining Jake Newman, principal of Endeavor, who will be spearheading the firm’s new student housing division.
TUCKER, GA. — CBRE has secured a $26.4 million acquisition loan for Lavista Business Park, a 217,496-square-foot industrial property located on 11.8 acres at 2000-2068 Weems Road in Tucker, about 18 miles northeast of Atlanta. Irvine, Calif.-based CIP Real Estate purchased the park from Dallas-based ATCAP Partners for $37 million. Mike Ryan, Brian Linnihan, Richard Henry and Taylor Crowder of CBRE Capital Markets’ Debt & Structured Finance team in Atlanta secured the five-year, floating-rate loan through LoanCore Capital on behalf of CIP. Built in 1972, Lavista Business Park consists of four single-story, shallow-bay buildings that average 54,000 square feet in size and feature new roofing, 16- to 20-foot clear heights, 55 dock-high doors, one drive-in door and 209 parking spaces. The property was 92 percent leased at the time of sale to 15 tenants.
WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit apartment complex located in the Northern New Jersey community of Wood-Ridge. Rosera Wesmont offers studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops, smart lock entry mechanisms and individual washers and dryers. Amenities include a pool with a sundeck and landscaped courtyard; a multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. Minno & Wasko Architects and Planners designed the project. Rents start at roughly $2,300 per month for a studio apartment. Construction began in spring 2023.
NEWNAN, GA. — Matthews Real Estate Investment Services has brokered the $21.6 million sale of Woodland Commons, a 114-unit apartment community located at 22 Forest Circle in Newnan, about 36 miles southwest of Atlanta. Marietta, Ga.-based Arcan Capital purchased the property from TriWest Multifamily in a 1031 exchange and assumed an undisclosed amount of existing debt. The El Segundo, Calif.-based seller had owned the community, which was originally built in 2002, since 2022. Austin Graham of Matthews brokered the transaction. Woodland Commons features one-, two- and three-bedroom apartments ranging in size from 878 to 1,329 square feet, according to Apartments.com. Community amenities include a swimming pool, laundry facilities, a business center, fitness center, playground and a car wash area.
DELRAY BEACH, FLA. — Colliers has facilitated the $9.7 million sale of a medical office building located at 66446 W. Atlantic Ave. in Delray Beach, roughly 23 miles south of West Palm Beach. The 16,761-square-foot property, which was renovated in 2020, was fully leased at the time of sale and serves as a surgery center with two operating rooms and three treatment rooms. The facility’s first floor is leased to a multi-specialty physician group, Medical Specialists of the Palm Beaches, and the top two levels are leased to an ambulatory healthcare provider, Minimally Invasive SurgiCenter. Mark Rubin, Bastian Schauer and Gary Gottlieb of Colliers represented the undisclosed seller in the transaction. The buyer, Alliance Consolidated Group of Cos. LLC, was self-represented.