AUSTIN, TEXAS — The University of Texas at Austin (UT) has leased 5,548 square feet of office space at Centennial Towers, a six-story complex in north Austin. Jason Steinberg and Matt Levin of Equitable Commercial Realty (ECR) represented the landlord in the lease negotiations. Kristi Simmons and Max McDonald of Aquila Commercial represented the university.
WILMER, TEXAS — Liberty Multifamily LLC will break ground on the residential portion of EMLI at Liberty Crossing, a 100-acre mixed-use development in Wilmer, a southern suburb of Dallas. This phase of development will deliver 240 residential units across 10 buildings. Amenities will include a pool, playground, fitness center, pet park and an internet café. The mixed-use project will eventually incorporate retail and healthcare components as well. The groundbreaking is scheduled for 5:30 p.m. on Tuesday, March 20.
HURST, TEXAS — Renaissance Development will develop Quarry Falls, a mixed-use project at the site of an abandoned limestone quarry in Hurst, a northeastern suburb of Fort Worth. The project will be situated on an 80-acre site and is expected to feature multifamily, hospitality and entertainment components. According to the Fort Worth Star-Telegram, construction could begin this year and span three to four years with costs as high as $280 million.
HOUSTON — Salata, a Houston-based fast casual salad restaurant, is aiming to open an additional 130 restaurants by 2020, including 30 during the remainder of this year. Additional restaurants will be opening in Houston and Dallas-Fort Worth (DFW) and Oklahoma City, and the company will be rolling out new locations in Florida as well. CBRE will represent Salata in its site selection process and lease negotiations.
HOUSTON — Lee & Associates has negotiated the sale of a 24,928-square-foot industrial building at 14219 Westfair W. Drive in Houston. Thomas Leger and Patrick Wolford of Lee & Associates represented the buyer, American Fire Systems, in the transaction. Richard Glass of CRC Real Estate represented the seller, Export Service International Forwarding LLC, a Houston-based freight company.
ALLEN, TEXAS — Bradford Commercial Real Estate Services has secured a 10,105-square-foot office sublease at 1101 Central Expressway in the northeastern Dallas metro of Allen. Susan Singer and Jared Laake of Bradford represented the sublessor, Insureon Holdings LLC. Calvin Wong of Engvest Commercial Realty LLC represented the sublessee. The two-building office development was built in 2006 and is now 96 percent leased.
HOUSTON — Right Move Storage LLC, a Houston-based self-storage firm, is developing a 345-unit self-storage facility at 12121 Westheimer Road in west Houston. The property will span 44,000 square feet and consist entirely of climate-controlled units. The project involves converting an unfinished, two-story medical office building into a self-storage facility, which is scheduled to open this summer. Construction is slated to begin in April.
HOUSTON — CBRE has arranged a $10 million acquisition loan for North Park Apartments, a 192-unit multifamily community in Houston. The property offers one- and two-bedroom units and amenities such as a pool, laundry services and playground. Andrew Behrens and Jesse Weber of CBRE arranged the 10-year, fixed-rate loan on behalf of Clear Sky Capital, a Phoenix-based private equity firm. Goldman Sachs originated the funds.
PLANO, TEXAS — MYCON General Contractors has completed the $7.2 million renovation and expansion of the natatorium (a room that houses a pool) of Carpenter Park Recreation Center in Plano. The project, which began in August 2016, added 14,864 square feet to the natatorium. Dallas-based SmithGroupJJR served as project architect.
OKLAHOMA CITY — Tulsa-based investment firm Admiral Square Inc. has sold a 41,000-square-foot industrial building located at 4601 SW 36th St. in Oklahoma City. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented Admiral Square in the sale. Brett Price and Kris Davis of Newmark Grubb Levy Strange Beffort represented the buyer, 857 Traction Avenue LP, which purchased the property for roughly $2.2 million.