Texas

HFF Arranges Sale of 301,500 SF Industrial Facility in Fort Worth

by Taylor Williams December 20, 2017

FORT WORTH, TEXAS — HFF has arranged the sale of Riverbend West Distribution Center, a 301,500-square-foot, Class A industrial facility in Fort Worth. Completed in 2016, the cross-dock facility features 32-foot clear heights, LED warehouse lighting, 76 overhead dock doors and four drive-in doors. Hunt Southwest Real Estate Development sold the property, which was 86 percent leased to Ecolab and PODS at the time of sale, to Pure Industrial Real Estate Trust for an undisclosed price. Adam Herrin and Stephen Bailey of HFF led the investment advisory team.

December 20, 2017

Signorelli to Welcome Nine Restaurants to Houston’s Valley Ranch Town Center by Summer 2018

by Taylor Williams December 20, 2017

HOUSTON — Signorelli Co., the developer of the 240-acre Valley Ranch Town Center (VRTC) mixed-use development in northeast Houston, will welcome nine new restaurants to its tenant roster by summer 2018. Breakfast and lunch eatery The Toasted Yolk Café and frozen yogurt franchise Menchies are both scheduled to open in the spring of 2018, along with a third location at VRTC for Italian restaurant Pizza Cucinova. Japanese restaurant Airi Poke and Ramen is slated to open next summer. Other dining options opening soon include Gringo’s Mexican Kitchen, Buffalo Wild Wings, RC’s NYC Pizza & Pasta, Shogun Japanese Grill & Sushi Bar and Schlotzky’s.

December 20, 2017

Office Texas

Colvill Secures Two Office Leases Totaling 43,864 SF in Houston

by Taylor Williams December 20, 2017

HOUSTON — Colvill Office Properties has secured two leases totaling 43,864 square feet at Galleria Office Tower 1, a 493,456-square-foot, Class A building in Houston. Accounting firm BKD LLP leased 29,960 square feet and recruiting firm Lucas Associates Inc. leased 14,174 square feet. Brad Beasley and Win Haggard of Colvill Office Properties represented the landlord, a partnership between Azrelli Group and Unilev Capital Corp., in both lease negotiations. Lucian Bukowski and Nicholas Bockhorn of CBRE represented BKD; Bill Boyer and Collin Grimes, also of CBRE, represented Lucas Associates.

December 20, 2017

Retail Texas

H-E-B to Open Store in Metro Fort Worth in 2019

by Taylor Williams December 20, 2017

HUDSON OAKS, TEXAS — Texas-based grocer H-E-B will open a new store in Hudson Oaks, a western suburb of Fort Worth, in 2019. The store will be located at the corner of U.S. Highway 180 and Hudson Oaks Drive. The Hudson Oaks store, the size of which has not yet been determined, will be the company’s fourth location in North Texas.

December 20, 2017

Office Texas

SVN Trinity Brokers Sale of 40,288 SF Office Building Near Fort Worth

by Taylor Williams December 20, 2017

HURST, TEXAS — SVN Trinity Advisors has brokered the sale of a 40,288-square-foot office building located at 1550 Norwood Drive in Hurst, a northeastern suburb of Fort Worth. Steve Fithian and Clint Montgomery of SVN Trinity represented the seller, AREI LLC, in the transaction. John Fegan of Compass Realty represented the buyer, 1550 Norwood LLC. The multi-tenant building was constructed in 1985.

December 20, 2017

Industrial Loans Texas

JLL Secures $65M in Development Financing for 3 MSF Industrial Project in Metro Houston

by Taylor Williams December 19, 2017

BAYTOWN, TEXAS — JLL has secured $65 million in financing for the development of the first phase of Port 10 Logistics Center, an industrial project in Baytown that upon completion will span more than 3 million square feet across eight buildings. The first phase of the project, which is scheduled for a third-quarter 2018 completion, will deliver four buildings situated on a 100-acre site totaling 992,669 square feet. First Tennessee Bank provided the first lien while Nationwide Mutual Insurance provided mezzanine financing. Paul House, James Brolan and Jonathan Paine of JLL led the financing effort.

December 19, 2017

Multifamily Texas

IPA Brokers Sale of Newly Built Apartment Community in Austin

by Taylor Williams December 19, 2017

AUSTIN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Southpark Crossing, a 308-unit multifamily community in Austin. Built in 2017, the property is located near the Southpark Meadows shopping and entertainment center and offers amenities such as a 24-hour fitness center, movie theater and a resort-style pool. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and procured the buyer, both of whom requested anonymity.

December 19, 2017

Office Texas

HFF Negotiates Sale of 40,798 SF Office Building in Northwest Austin

by Taylor Williams December 19, 2017

AUSTIN, TEXAS — HFF has negotiated the sale of 5508 Parkcrest, a 40,798-square-foot office building located in northwest Austin. The Class B property was 92 percent occupied at the time of sale. HFF represented the seller, a family trust, in the transaction. An affiliate of Austin-based F&B Capital purchased the asset for an undisclosed price.

December 19, 2017

Office Texas

Coldwell Banker Arranges Sale of 36,879 SF Office Asset in Wichita Falls, Texas

by Taylor Williams December 19, 2017

WICHITA FALLS, TEXAS — Coldwell Banker Commercial Advisors (CBCA) has arranged the sale of a 36,879-square-foot office property located at 2236 Airport Drive in Wichita Falls, about 100 miles northwest of Fort Worth. The property, which was built in 1992 and is currently leased to USA 800, a Missouri-based call center provider. Gary Walker of CBCA represented the buyer, SkyWalker Property Partners, in the transaction. Sandalwood Pacific LP of Hawaii sold the net-leased asset for an undisclosed price.

December 19, 2017

Multifamily Office Texas

WorkFlourish Opens 10,000 SF Workspace Within Houston Apartment Community

by Taylor Williams December 19, 2017

HOUSTON — WorkFlourish, a Houston-based company that cultivates workspaces within hospitality or residential settings, has opened a 10,000-square-foot co-working space within Ascension on the Bayou, a 280-unit apartment community located in the Westchase area of Houston. The property now features a workspace in the main lounge, two conference rooms, a formal business center, several individual desks, eight private offices and a community kitchen. Co-working space at the property costs between $200 and $450 per month.

December 19, 2017

Newer Posts

Older Posts