SAN ANTONIO — California-based video subscription firm Hulu has opened a 45,000-square-foot office in San Antonio that will serve as its viewer operation headquarters. The property is located at 4511 Horizon Hill Blvd., just off Interstate 10 on the city’s northwest side. According to local media reports, the center has already created 300 new jobs and will create an additional 200 by the end of 2018. The official ribbon-cutting ceremony was held on Tuesday, Nov. 28.
SAN ANTONIO — NAPA Ventures LLC, an Austin-based investment firm, has sold Morgan Manor, a 150-unit multifamily community located at 7135 Oak Lawn Drive off Interstate 37 in northwest San Antonio. Built in 1963, the property offers a combination of studio, one-, two- and three-bedroom units. Prior to the sale, NAPA invested in renovations to the property’s unit interiors, landscaping and parking lots. The buyer was not disclosed.
HOUSTON — Chicago-based Brennan Investment Group LLC has acquired a five-building, 135,571-square-foot industrial park in northwest Houston. The buildings offer a mix of office and warehouse space and were collectively 84 percent leased at the time of sale. Other terms of sale were not released.
CARROLLTON, TEXAS — NAI Robert Lynn has secured a 43,839-square-foot industrial lease at 2045 Westgate Drive in the Dallas metro of Carrollton on behalf of Snap Drape Brands LLC, a provider of linens and draperies. Built in 1999, the building offers about 134,000 square feet of net rentable space. Cole Horowitz and Mark Miller of NAI Robert Lynn represented the tenant in the lease negotiations.
MCKINNEY, TEXAS — Moss Construction will relocate its office headquarters from El Paso to a 10,000-square-foot space at 6950 TPC Drive in the Dallas metro of McKinney. The company, which currently employs about 600 people throughout Florida, Hawaii and Texas, expects to expand its employee base following the move.
CHICAGO — Spoke, a 363-unit apartment building, has opened in Chicago’s River West neighborhood. Morgan Bond. Co., a venture between Bond Cos. and Morgan Holdings, developed the property, which is located at 728 Morgan St. The transit-oriented development consists of a 15-story tower and a 12-story tower connected by nearly one acre of rooftop outdoor amenity space. Studio, convertible, one- and two-bedroom apartments range from 417 to 1,180 square feet with rents from $1,795 to $3,830. For renters seeking more space, a two-bedroom penthouse with a terrace offers 1,273 square feet of space, while three street-level townhomes range from 2,233 to 2,360 square feet. Rents for the penthouse and townhomes start at $6,490 and $6,600, respectively. Indoor amenities, encompassing 18,000 square feet, include a demonstration kitchen and party room, music performance lounge, gaming lounge, cycling room, fitness studio and yoga room. Outdoor amenities span the fourth floor of both buildings and include a pool and hot tub, cabanas, hammocks, grills and bocce ball court. A bridge connects Spoke’s two buildings with a covered dog run and dog spa. The property also features 45,000 square feet of retail space. Chicago-based FitzGerald Associates Architects designed the property. Bozzuto is handling lease-up of …
BELOIT, WIS. — Coldwell Banker Commercial McGuire Mears & Associates has arranged the sale of three industrial buildings and one office building totaling 247,214 square feet in Beloit, located in southern Wisconsin. The sales price was not disclosed. Toy and game company PlayMonster LLC occupies all the buildings. Bill Mears of Coldwell Banker represented the buyer, Badger Property Investments.
GARDEN CITY, KAN. — McCarthy Building Cos. Inc. has completed DFA Garden City, a 214,000-square-foot dairy ingredients plant in Garden City, which is located in southwest Kansas. The plant, which has brought 66 new jobs to the area, produces whole and skim milk powder, nonfat dry milk powder and cream, and receives milk from regional farms. DFA Garden City is a partnership between Dairy Farmers of America and 12 of its member farms in southwest Kansas. The facility will help support the industry’s continued growth in the region, as well as meet rising demand for U.S. dairy, both domestically and globally, according to McCarthy.
MIDLAND, MICH. — Realty Income has acquired a 102,513-square-foot retail building in Midland, located in central Michigan, for $10.2 million. Home Depot owns the building and currently has a long-term ground lease at the property, which is located at 1100 Joe Mann Blvd. near the Midland Mall. Home Depot has six years remaining on a 20-year lease. Jon Busse and Earl Clements of Colliers International represented the seller, Burlingame Midland LLC. Realty Income was self-represented in the transaction.
ELGIN, ILL. — Darwin Realty has brokered the sale of a 100,000-square-foot industrial building in Elgin, located about 35 miles northwest of Chicago. The sales price was not disclosed. St. Charles Trading purchased the property, located at 1400 Madeline Lane within Randall Point Business Park. The global supplier of food ingredients will use the facility to consolidate and expand multiple warehousing and production operations in the western suburbs. Brendan Sheahan and Noel Liston of Darwin represented St. Charles Trading in the transaction. Mike Sedjo and Jack Brennan of CBRE represented the seller, Pancor Construction & Development.
