CARROLLTON, TEXAS — Product Innovations Research, a Texas-based consumer goods company, has signed a 98,257-square-foot industrial lease at 1103-1215 Trend Drive in Carrollton, a northern suburb of Dallas. According to LoopNet Inc., the property was built in 1979 and is tailored to distribution users. Josh Barnes, Andrew Gilbert and Ben Wallace of Holt Lunsford Commercial represented the landlord, Stonelake Capital, in the lease negotiations.
FORT WORTH, TEXAS — Pittsburgh-based investment firm HLC Equity has purchased Republic Deer Creek Apartments, a 336-unit multifamily community in Fort Worth. The Class A property was built in 2012 and features a mix of one- and two-bedroom units. Amenities include a pool with tanning ledges, fitness center, resident lounge with a coffee bar, a dog park and playground and a business center. Bellwether Enterprise and Maverick Commercial Properties provided financing for the acquisition through Freddie Mac. The seller was not disclosed.
HUMBLE, TEXAS — Forward Air Solutions, a division of Tennessee-based distribution and logistics firm Forward Air Corp., has signed a 289,200-square-foot industrial lease in metro Houston. The company will occupy freestanding distribution space at 18727 Kenswick Drive in Humble, a northern suburb of Houston. The property was built in 2015 and currently totals 132,000 square feet, but is in the process of being expanded. Robert McGee and Chase Cribbs of Lee & Associates represented the landlord, Adkisson Group Inc., in the lease negotiations. Mike Bauer of Fischer Co. represented Forward Air.
DALLAS — Illinois-based investment firm ML Realty Partners has acquired a 185,220-square-foot industrial building located at 7601 Ambassador Row in Dallas. Situated in the Brookhollow submarket with convenient access to Interstate 35 and State Highway 183, the distribution-oriented property was fully leased at the time of sale to two long-term tenants. The seller was not disclosed.
AUSTIN, TEXAS — NitNeil Partners, an Atlanta-based self-storage investment and development firm, has acquired land in Austin for the construction of a 900-unit, 100,000-square-foot self-storage facility. The four-story property, which will be located about three miles from downtown Austin, is scheduled to break ground during the first quarter of 2019 and to be delivered by early 2020. The project marks NitNeil’s first investment in Texas.
EL PASO, TEXAS — CBRE has negotiated an 80,269-square-foot industrial lease renewal at 14 Butterfield Trail Blvd. in El Paso. The warehouse/distribution facility services the Ciudad Juarez manufacturing operations of the tenant, Key Tronic Corp., a Washington-based provider of fully assembled computers and their parts. Chad McCleskey and Christian Giese of CBRE represented the landlord, Elp Butterfield 14 LLC, in the lease negotiations.
THE WOODLANDS, TEXAS — The Howard Hughes Corp. (NYSE: HHC) has broken ground on Two Lakes Edge, a 386-unit multifamily community in The Woodlands, about 30 miles north of Houston. Situated on the 200-acre Lake Woodlands, the property features a pool and outdoor entertainment area, sky lounge, fitness center and kayaks and bikes for complimentary use by residents. Two Lakes Edge will also include ground-floor retail and restaurant space. Completion is slated for spring 2020.
ANNA, TEXAS — Marcus & Millichap has arranged the sale of Affordable Self-Storage, a 51,555-square-foot facility in Anna, about 45 miles north of downtown Dallas. Built in stages between 2004 and 2015, the property consists of 76 climate-controlled units, 312 non-climate-controlled units, 36 boat/RV units and 63 uncovered parking spaces. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a private investor. The buyer was a local self-storage owner-operator. Both parties requested anonymity.
SANGER, TEXAS — Bob Moore Construction has started work on a 142,000-square-foot industrial facility for Ohio-based freight company R+L Carriers in Sanger, located near the Texas-Oklahoma border. The property will serve as R+L Carriers’ new truck terminal as the company streamlines its Texas operations. The project is expected to create 200 jobs over the next five years. A timeline for completion was not released.
CYPRESS, TEXAS — HCA Houston Healthcare has purchased North Cypress Medical Center, a 139-bed acute care facility located in Cypress, a northwestern suburb of Houston. Specialty services offered at the property include cancer services, chemotherapy, pediatrics, sports medicine, robotic surgery and medical nutrition therapy. The seller was not disclosed.