Property Type

Trammell Crow, PGIM Begin Construction on Phase II of 106-Acre Industrial Park in Fort Worth

by Taylor Williams May 4, 2017

FORT WORTH, TEXAS — Trammell Crow Co. and joint venture partner PGIM Real Estate have begun construction on Phase II of 35-Eagle, a 106-acre industrial park located near Alliance Airport in north Fort Worth. Phase II will deliver three new buildings: a 1.1 million-square-foot cross-dock warehouse; a 312,654-square-foot rear-load warehouse; and a 233,961-square-foot cross-dock warehouse. Completion of all three buildings is scheduled for the fourth quarter. Phase I of the project delivered two Class A buildings totaling roughly 1.6 million square feet in the fourth quarter of 2016. Those properties are now 90 percent occupied.

May 4, 2017

SWBC Breaks Ground on 276-Unit Multifamily Complex Within Craig Ranch in McKinney

by Taylor Williams May 4, 2017

MCKINNEY, TEXAS — SWBC Real Estate LLC has broken ground on Central Park at Craig Ranch, a 276-unit multifamily complex situated on 4.5 acres within the 2,200-acre, master-planned community of Craig Ranch in McKinney. Amenities will include a clubhouse with a business center, 24-hour fitness center, a resort-style pool and an attached parking garage. The project is expected to be complete by December 2018, with the first units becoming available by April 2018.

May 4, 2017

Retail Texas

Andy B’s Entertainment to Build 45,000 SF Location at Rayzor Ranch Town Center in Denton

by Taylor Williams May 4, 2017

DENTON, TEXAS — Andy B’s Entertainment and Bowling Centers, a Missouri-based company that provides food, drink and games, has entered into an agreement to purchase land in north Texas on which to build a new 45,000-square-foot location. The new establishment will be located within Rayzor Ranch Town Center, a 600,000-square-foot retail development located at 2750 W. University Drive in Denton. Construction on the property, which will be the company’s fourth location under the Andy B’s brand and its 11th overall, is slated to begin late this year.

May 4, 2017

Restaurant Retail Texas

Salt Lick BBQ to Open 10,000 SF Restaurant in Grapevine

by Taylor Williams May 4, 2017

GRAPEVINE, TEXAS — Salt Lick BBQ will open a new location in the Dallas-Fort Worth metro of Grapevine in 2018. The new restaurant, which is situated on a 10-acre tract, will feature 10,000 square feet of indoor and outdoor dining space, as well as a specialty wine and beer bar. A general contractor has not yet been assigned to the project, construction of which is scheduled to begin this fall.

May 4, 2017

Industrial Texas

Dupuy Group Signs 212,961 SF Industrial Lease in South Houston

by Taylor Williams May 4, 2017

HOUSTON — The Dupuy Group, a transport and logistics firm, has signed a 212,961-square-foot industrial lease at 3240 South Loop on Houston’s south side. The property features 5,175 square feet of office space, 30-foot clear heights, two drive-in doors and 19 rail doors. David Boyd of Boyd Commercial represented Dupuy in the lease negotiations. Kelly Landwermeyer of Holt Lunsford represented the landlord, CenterPoint Properties. The company has also renewed two leases at its nearby industrial facilities located at 7700 and 7703 Cannon St.

May 4, 2017

Colorado Multifamily Western

CBRE Global Investors Fund Buys Alexan CityCenter Apartments in Englewood for $97M

by Nellie Day May 4, 2017

ENGLEWOOD, COLO. — A fund advised by CBRE Global Investors has acquired the 438-unit Alexan CityCenter apartment complex in Englewood for $97 million. The community is located at 801 Englewood Parkway. The garden-style property will be renamed ArtWalk CityCenter. It also features 13,000 square feet of ground-floor retail. The asset is connected to the Englewood Light Rail station, which provides direct access to downtown Denver, Mile High Stadium, Union Station and the airport. CBRE Global Investors has identified Denver has a target market for the group.

May 4, 2017

California Loans Multifamily Western

Universe Holdings Obtains $23.4M in Financing for the Lodge at Porter Ranch in Northridge

by Nellie Day May 4, 2017

NORTHRIDGE, CALIF. — Universe Holdings has obtained $23.4 million in financing for the 148-unit Lodge at Porter Ranch in the Los Angeles submarket of Northridge. The community is located at 10631 Lindley Ave. The Lodge was built in 1979 and renovated in 2013. Universe Holdings purchased the property in 2004. The 10-year loan features interest-only payments for the first five years. HFF secured the financing through Freddie Mac. The planned use of the funds was not disclosed.

May 4, 2017

California Office Western

Duke Realty to Develop Medical Office Building in Santa Clarita

by Nellie Day May 4, 2017

SANTA CLARITA, CALIF. — Duke Realty has announced plans to build a 37,000-square-foot medical office building in Santa Clarita. The two-story space will be situated on 3.8 acres on the south side of Soledad Canyon Road in the Canyon Country neighborhood of Santa Clarita, about 33 miles northwest of Los Angeles. The space has been fully preleased by Facey Medical Group, an affiliate of nonprofit Catholic health system Providence Health and Services. Duke will break ground early this summer for scheduled completion in June 2018. Snyder Langston will build the property, which Boulder Associates designed.

May 4, 2017

Arizona Office Western

Turnstone Office Park in Scottsdale Sells for $10M

by Nellie Day May 4, 2017

SCOTTSDALE, ARIZ. — SLR and NHR Turnstone LLC have acquired the 64,949-square-foot Turnstone Office Park in Scottsdale for $10 million. The four-building complex is located at 17767 to 17797 N. Perimeter Drive in the Scottsdale North/Airpark submarket. The park is situated within the Perimeter Center. NGKF’s Erik Marsh and Nicole Iglehart represented both the buyer and the seller, Turnstone Office Park LP, in this transaction.

May 4, 2017

Arizona Office Western

Scientific Technologies Corp. Leases Office Space in Phoenix

by Nellie Day May 4, 2017

PHOENIX — Scientific Technologies Corp. has leased 26,174 square feet of office space at a warehouse and distribution site that is being converted into an office building. The space is located at 411 S. 1st St. in Phoenix. The site was formerly occupied by Phoenix Packaging Products. The property is being converted to creative office space as part of an adaptive reuse project. Jim Sadler and Darius Green of Keyser represented Scientific Technologies Corp., while CBRE’s Corey Hawley and Jimmy Cornish represented the landlord, 1st Buchanan LLC, in this transaction.

May 4, 2017

Newer Posts

Older Posts