Texas

114-Logistics-Park-Justin-Texas

JUSTIN, TEXAS — An undisclosed packaging company has signed a 1 million-square-foot industrial lease in Justin, located north of Fort Worth. The space spans a full building within 114 Logistics Park and features 40-foot clear heights and “significant” car and trailer parking allotments. Nathan Lawrence and Krista Raymond of KBC Advisors, along with internal agent Aaron Martell, represented the landlord, Chicago-based Logistics Property Co., in the lease negotiations. CBRE represented the tenant.

FacebookTwitterLinkedinEmail

CARROLLTON, TEXAS — A partnership between Birtcher Anderson & Davis Associates and Belay Investment Group has sold a 49,650-square-foot industrial complex in the northern Dallas metro of Carrollton. The two-building property at 1415-1425 Whitlock Lane was fully leased at the time of sale. Stream Realty Partners marketed the property for sale. The buyer and sales price were not disclosed.

FacebookTwitterLinkedinEmail

THE WOODLANDS, TEXAS — EōS Fitness will open a 40,000-square-foot gym in The Woodlands, about 30 miles north of Houston. EōS will join Elite Pickleball Club and Slick City Action Park as anchor tenants at Dudley Sports Plaza, located at the corner of FM 1488 and Kuykendahl Road. NewQuest represented EōS in the lease negotiations. The landlord, Sports Developers, was self-represented. The opening is slated for next year.

FacebookTwitterLinkedinEmail

FORT WORTH, TEXAS — Local brokerage firm LanCarte Commercial has negotiated a 24,000-square-foot industrial lease in West Fort Worth. The tenant was not disclosed. The space is located across two newly constructed buildings within Wilks Development’s 200-acre Markum Business Park. Sarah LanCarte and Finn Wilson of LanCarte Commercial represented the landlord in the lease negotiations.

FacebookTwitterLinkedinEmail
Grove-East-Humble

HUMBLE AND ROWLETT, TEXAS — Cushman & Wakefield has arranged $95.7 million in financing for a portfolio of two affordable housing properties totaling 626 units. Grove East is  a 324-unit, garden-style property located in the northern Houston suburb of Humble, and Rowlett Station is a 302-unit midrise building located northeast of Dallas. Both properties were built in 2021 and are subject to Housing Finance Corp. (HFC) income restrictions. The financing consists of $76.2 million in senior debt provided by Benefit Street Partners and a $19.5 million mezzanine loan funded by CCL Capital. Chase Johnson and Caleb Riebe led the Cushman & Wakefield team that arranged the debt on behalf of the owner, Salt Lake City-based investment firm Sundance Bay.

FacebookTwitterLinkedinEmail

LUBBOCK, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of All American Storage, a 464-unit facility located in the West Texas city of Lubbock. The facility spans 54,453 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster, Hugh Horne and Kirk Silas of Versal represented the Waco-based seller in the transaction and procured the South Florida-based buyer. Both parties were limited liability companies. The sales price was also not disclosed.

FacebookTwitterLinkedinEmail

SAN ANTONIO — Andover Properties has acquired Rail Drive Commerce Center, a 134,500-square-foot industrial flex building in northeast San Antonio. Completed in April and acquired by Andover in May, Rail Drive Commerce Center offers small-bay and flex spaces that are configured as move-in ready suites and feature 25-foot clear heights. Andover has tapped Cushman & Wakefield as the property’s leasing agent. The seller and sales price were not disclosed.

FacebookTwitterLinkedinEmail

SHENANDOAH AND RICHMOND, TEXAS — Pinecroft Realty has refinanced two medical office buildings totaling approximately 70,000 square feet in metro Houston. The loan amount(s) was not disclosed. The buildings include the 57,000-square-foot Vision Park Medical Office Building in Shenandoah, located north of Houston, and the 13,000-square-foot Memorial Hermann Surgery Center of Richmond, located southwest of Houston. Noth Carolina-based Live Oak Bank provided the loan(s).

FacebookTwitterLinkedinEmail

MCKINNEY, TEXAS — LITEON Technology Corp., a provider of power management and AI (artificial intelligence) infrastructure solutions, will invest $919 million for a new manufacturing campus in McKinney, located north of Dallas, that is expected to add about 600 new jobs to the local supply. LITEON has purchased more than 650,000 square feet of existing industrial space within Core5 Logistics Center, a newly developed industrial park, and plans to undertake capital improvements prior to hiring and commencing operations. LITEON collaborated with both the City of McKinney and the McKinney Economic Development Corp. to facilitate the deal, and leaders from those organizations say that “the investment strengthens McKinney’s growing base of high-tech employers, expands opportunity for residents and adds meaningfully to the city’s long-term tax base.”

FacebookTwitterLinkedinEmail
Sterling-College-Station

COLLEGE STATION, TEXAS — A joint venture between Los Angeles-based PCCP LLC and Houston-based The Dinerstein Cos. has acquired two adjacent student housing communities totaling 1,128 beds near the Texas A&M University campus in College Station. The properties — formerly dubbed 2818 Apartments and Parkway Place — have been combined and rebranded as one asset, Sterling College Station. The new community offers 350 garden- and cottage-style units in one-, two- and four-bedroom configurations. Shared amenities include a pool, fitness center, business center, with a cybercafé, private study rooms, basketball and beach volleyball courts, outdoor grilling stations and a clubhouse with a community kitchen, game lounge and pool tables.

FacebookTwitterLinkedinEmail
Newer Posts