HOUSTON — California-based investment firm KBS has sold Clay Crossing Business Center, a 222,750-square-foot light industrial complex in West Houston. Built between 2000 and 2002, Clay Crossing Business Center consists of four buildings that house flex suites ranging in size from 3,105 to 44,883 square feet. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented KBS in the transaction. The buyer was an Houston-based entity doing business as HPI Holdings II LLC.
WYLIE, TEXAS — Chint Power Systems, a manufacturer and distributor of solar energy products, has signed a 76,433-square-foot industrial lease in Wylie, a northeastern suburb of Dallas. The space is located within Wylie Business Center, a 274,416-square-foot development that features 36-foot clear heights and parking for 154 cars and 80 trailers. Kurt Griffin, Nathan Orbin and Dalton Knipe of JLL represented the owners, Lovett Industrial and Cresset Real Estate Partners, in the lease negotiations. Christian Moore of Mercer Co. represented Chint Power Systems, which plans to take occupancy this summer.
KILLEEN, TEXAS — Austin-based Hoar Construction has broken ground on a 43,974-square-foot civic building in the Central Texas city of Killeen. The site is located on the Texas A&M University — Central Texas campus, and the building will house the consolidated operations of various utility facilities as well as the campus police force. Completion is slated for next summer.
LONGVIEW, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has negotiated the sale of Courtyard Apartments, a 63-unit complex located about 120 miles east of Dallas in Longview. The property was built in 1966 and offers one- and two-bedroom units with an average size of 778 square feet. Yonnic Land of TMG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
SARASOTA, FLA. — BayCare Health System plans to break ground on a new $548 million hospital in Sarasota, a city in west-central Florida’s Manatee County. Named BayCare Hospital Manatee, the hospital will feature 154 beds in private patient rooms and include a 45,000-square-foot medical arts building. The property will sit one mile north of the I-75 and I-275 interchange along Moccasin Wallow Road and offer services including general, orthopedic and specialty surgery; urology, gastroenterology, cardiology, diagnostic and interventional imaging; emergency care; obstetrics; and neonatology. Gresham Smith designed BayCare Hospital Manatee, including the hospital’s potential expansion to 207 beds. BayCare Health plans to break on the hospital, the health system’s 17th, in October, with anticipated delivery in 2027.
NEW YORK CITY — JLL has arranged $185 million in condo inventory financing for Monogram, a 181-unit tower located at 135 E. 47th St. in Manhattan’s Midtown East neighborhood. Monogram consists of studio, one- and two-bedroom condos, four penthouses, 9,200 square feet of amenity space, including a 3,500-square-foot rooftop lounge, and 2,435 square feet of commercial space. Scott Aiese led the JLL team that arranged the financing through New York-based Kriss Capital on behalf of the borrower, Navigation Capital Partners.
DURHAM, N.C. — Topgolf plans to open a new venue in south Durham on Friday, April 12. The new Topgolf will represent the third Topgolf in North Carolina, with the other two venues in the Charlotte area. In December, the company also announced a new Topgolf coming to nearby Greensboro, N.C. The Durham venue will be located off the Page Road exit on I-40 at 4901 Topgolf Way, a short drive from Research Triangle Park and about 12 miles from Duke University. The new Topgolf will feature 102 climate-controlled hitting bays across three levels, as well as a full-service restaurant, 28-foot video wall, more than 200 high-definition TVs, an outdoor patio, private event rooms and a rooftop terrace. Topgolf plans to employ roughly 500 staffers at the Durham venue, which will be the company’s 99th location globally and 89th in the United States.
ATLANTA — CP Group has rebranded CNN Center, an iconic 1.2 million-square-foot office and retail building in downtown Atlanta, to The Center. The property has served as the headquarters for CNN for over 40 years and also features a large food court on the ground level that connects to State Farm Arena, home arena of the NBA’s Atlanta Hawks. The site also includes the Omni Atlanta Hotel at Centennial Park. CP Group plans to overhaul the former CNN Center to become a hub of world-class retail, dining, content creation and entertainment uses. CP Group has tapped Coleman Weatherholtz of Healey Weatherholtz Properties as The Center’s retail leasing agent and Jeff Keppen and Nicole Goldsmith of CBRE to handle office leasing. In 2021, CP Group purchased CNN Center from AT&T, the former parent company of CNN, in a sale-leaseback transaction that expires this year.
MCCALLA, ALA. — Graham & Co. Inc. has arranged the $32.3 million sale of a 303,730-square-foot distribution and manufacturing facility in McCalla, about 20 miles southwest of Birmingham. The seller, an entity doing as AMR REIT Prestige Industrial II LLC, developed the property in 2022 as a build-to-suit for Lear, a Tier 1 auto parts supplier. Located at 6700 Jefferson Metropolitan Parkway, the property is situated on nearly 25 acres within the Jefferson Metropolitan Industrial Park along the I-20 corridor. The facility features 32-foot clear heights, ESFR sprinklers, 45 dock-high doors, a 185-foot truck court and 21,000 square feet of office space. Sonny Culp of Graham & Co., along with Doug Longyear of Cushman & Wakefield, brokered the transaction.
ATLANTA – PrizePicks, a daily fantasy sports operator based in Atlanta, has selected the Star Metals Offices at 1055 Howell Mill Road for its new corporate headquarters. The owner and office landlord of the building in Atlanta’s West Midtown district is Coral Gables, Fla.-based Allen Morris Co. PrizePicks will occupy 33,000 square feet at Star Metals and will invest $25 million in its new headquarters space. The company estimates it will expand its workforce at the new space by 1,000 employees over the next seven years. Organizations involved in the site selection process for the PrizePicks headquarters include the Georgia Department of Economic Development, the Metro Atlanta Chamber, Invest Atlanta, Select Fulton and Georgia Power.
