TUALATIN, ORE. — Superwinch has leased 38,812 square feet of factory space at Koch Corporate Center in Tualatin. The industrial park is situated at SW 115th Avenue and Tualatin-Sherwood Road. The designer, manufacturer and marketer of winch systems and accessories is building a design and manufacturing facility to complement existing facilities in Connecticut and the United Kingdom. The new facility will become Superwinch’s corporate headquarters. It will include both assembly and distribution of new product abilities. The new facility is scheduled for completion this April, with Superwinch taking occupancy the following month. CBRE’s Cara Nolan represented Superwinch. The landlord is PacTrust.
SEATTLE — Terreno Realty Corp. has acquired a 45,000-square-foot industrial distribution building in Seattle for $7.8 million. The facility is located at 637 S. Lucile St. It sits adjacent to the city’s Port and SoDo (south of Downtown) districts. The asset is fully leased to one tenant on a short-term basis.
FOLEY, ALA. — White-Spunner Construction (WSC) and the Poarch Band of Creek Indians are underway on OWA, a $500 million entertainment and retail district in Foley, a town in south Alabama near the Gulf of Mexico. WSC is constructing 154,000 square feet of retail and dining space for the $240 million first phase of OWA, which is set to open this summer. Phase I of OWA will also feature a themed amusement park and a 150-room Marriott TownePlace Suites hotel. Future phases call for a water park, additional hotels and a resort-level RV park. “This will be an exciting new family-friendly destination for locals and visitors alike in Baldwin County,” says John White-Spunner, president of WSC. “We’re proud to be a part of such an innovative entertainment concept that will bring thousands of new jobs and draw more tourism to the Gulf Coast.” When completed, the OWA development is expected to generate nearly 3,500 direct and indirect jobs and draw about 1 million visitors a year. Plans call for the development to include three themed districts that offer shopping, dining and other entertainment. Located off the Foley Beach Express and County Road 20, OWA is nine miles from Gulf Shores …
LAKEWAY, TEXAS — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, an HEB Grocery Company L.P.-anchored, 236,739-square-foot retail development located in Lakeway, a city in the Lake Travis community of metro Austin. The buyer, FHF I Oaks at Lakeway LLC, purchased the property for a cash price of $114 million. At the time of sale, Stratus owned 100 percent of the property, which it acquired and developed between May 2013 and September 2014. The sale excludes 34.7 acres of tracts within the development that have been zoned for residential, hotel and civic uses.
HOUSTON — Commercial lender Q10 Kinghorn, Driver, Hough & Co. (Q10 KDH) has arranged a $5 million Small Balance Freddie Mac loan on a multifamily complex in West Houston that encompasses 122 units across 10 buildings. With a fixed interest rate of 4.4 percent, the 10-year loan will finance continued improvements to both the interiors and exteriors of the units. Community amenities include a leasing office/clubhouse, gated entry, on-site laundry facilities, pool, playground and a community grilling area. Q10 KDH Vice President Ryan Watson arranged the loan.
KATY, TEXAS — TMEIC Power Electronics Products Corp., a Tokyo-based partnership between Toshiba and Mitsubishi, has broken ground on a 45,000-square-foot industrial facility in Katy, a western suburb of Houston. Lone Star Construction is the general contractor for the facility, which is expected to open later this year. Roughly $6 million in capital expenditures has been earmarked for the project. Located off Grand Parkway in Energy Park West Business Park, the property will serve as a center of assembly, testing and packaging of photovoltaic inverters for the solar power market.
LEWISVILLE, TEXAS — Bright Realty has facilitated a lease for a new craft brewery in the Castle Hills Village Shops, located at 2560 King Arthur Blvd in Lewisville, a suburb about 25 miles northwest of downtown Dallas. TKO Libations, which anticipates opening this location in the summer, will sell both its own and its competitors’ beverages out of the 2,810-square-foot space while also offering numerous TVs and a variety of games. Jack Allen of Wellington Realty represented the tenant in the deal.
FLOWER MOUND, TEXAS — Yeager Properties has been approved by The Town of Flower Mound to bring new office suites to the town, which is situated on the outskirts of Dallas. The designated location at 3611 Cross Timbers Road will feature roughly 40,000 square feet of office space capable of accommodating as many as 400 people. An additional plot of 8,665 square feet has been reserved as add-on space for two unnamed restaurants. Yeager, which already has a presence in Plano, Frisco and Allen, plans to deliver the new office space this November
PHILADELPHIA — Harrison Street Real Estate Capital has purchased two medical office buildings, located at 8001 and 8040 Roosevelt Blvd. in Philadelphia. An affiliate of George Comfort & Sons sold the properties, which total 86,000 square feet, for $17 million. The properties recently underwent renovations and were 94.7 percent leased at the time of sale. Thomas Jefferson University Hospital anchors the facilities. Ben Appel, Philip Mahler, Evan Kovac and Eric Anton of HFF represented the seller in the transaction.
BILLERICA AND MARLBOROUGH, MASS. — The RAM Cos. has acquired two industrial and flex buildings, located at 35 Dunham Road in Billerica and 734 Forest St. in Marlborough, for $10.1 million. The Billerica property offers 65,912 square feet of space and is located within Middlesex Corporate Park. Tark Inc., SciSafe and Microchips Biotech are tenants at the property. Situated within Cedar Hill Business Park, the Marlborough property features 54,884 square feet of industrial space. At the time of sale, the property was fully leased to a variety of tenants, including CeQur Corp., Sunrun, Chroma Systems Solutions and Commonwealth Financial Network. The name of the seller was not released.