FARMERS BRANCH, TEXAS — CBRE has negotiated the sale of Huntington Cove, a 100-unit townhome rental community in Farmers Branch. The property was built in 1982 and was 96 percent occupied at the close of sale. Chris Deuillet, Danny Baker and Chandler Sims of CBRE represented the seller, SPI Advisory, in the transaction. Huntington Cove Townhomes LLC purchased the property for an undisclosed price.
GRAND PRAIRIE, TEXAS — A joint venture between aircraft manufacturer Airbus Helicopters and French aerospace firm Thales Group will develop and operate a $40 million training facility at Airbus Helicopter’s headquarters in Grand Prairie. The facility will have the capacity to train several thousand pilots and maintenance personnel per year. It will also house the flight simulator for the H160, the latest helicopter model being developed by Airbus. A timetable for construction has not yet been established.
LAREDO, TEXAS — California-based Majestic Realty Co. will develop a 423,280-square-foot warehouse within Port Grande, a 1,992-acre, master-planned business park located in the south Texas city of Laredo. The project represents Phase II of development and follows the delivery of 366,080-square-foot building that still has 200,000 square feet available for lease. The new building will feature 32-foot clear heights, 120 dock-high doors, four ground-level doors, 242 trailer parking spaces and 208 automobile parking spaces. A firm timetable for construction has not yet been established.
FORT WORTH, TEXAS — Hunt Southwest will develop a 300,000-square-foot cold storage facility in southern Fort Worth. The property, which is being built on a speculative basis, will be located within Carter Industrial Park with convenient access to Interstates 35 West and 20. Features of the rail-served building will include 45-foot clear heights, LED lighting, ample automobile and trailer parking and the capacity to accommodate one or two tenants. Hunt Southwest expects to obtain a building permit in approximately two months and deliver the facility within nine months of starting construction.
HOUSTON — Levey Group, a Houston-based industrial developer, has signed an industrial lease with Omnisource, a processor and distributor of scrap metals. The tenant will occupy 48,276 square feet within Northwest Industrial Park, a 7.9-acre business park in Houston. The 64,850-square-foot, multi-tenant building that will house Omnisource features 32-foot clear heights, as well as dock-high and grade-level loading ramps.
THE WOODLANDS, TEXAS — Next Level Urgent Care has leased 2,770 square feet of retail space at Augusta Woods Village in the northern Houston metro of The Woodlands. The new clinic is the company’s 12th location in the Houston area. Ryan Dierker and Tuan Nguyen of Newcor Commercial Real Estate represented Next Level Urgent Care in the lease negotiations. Joey Lumsden of Evergreen Commercial represented the landlord, Augusta Equities LLC.
CORSICANA, TEXAS — Dart Container has purchased a 1.4 million-square-foot industrial building in Corsicana for an undisclosed sum. The building formerly housed Home Depot’s distribution center. It is situated on 139 acres just south of Dallas. The building consists of 13,248 square feet of modern, air-conditioned office space with paved and lighted parking for 560 cars and 1,130 trailers. The asset’s rail access is served by Union Pacific on the northwest boundary. The facility is situated on Business Highway 45 South, near I-45 and State Highway 31, and provides direct access to the Dallas/Fort Worth International Airport. The seller, Eliken Property Management, is a private, self-administered and self-managed real estate firm that owns and manages high-quality industrial properties. Eliken’s current portfolio includes more than 3.5 million square feet across the Midwest and Southeast. The firm is looking to expand its presence in Texas and Arkansas, as well as other target markets. Holmes Davis of Binswanger represented Eliken in the transaction. Mason, Mich.-based Dart Container produces a variety of plastic and foam cups and food containers, including Solo party cups. The company plans to invest $38 million in its new Texas space. Dart operates more than 40 locations in six countries, …
AUSTIN, TEXAS — Aquila Commercial will develop a 92,000-square-foot athletic complex on a 69-acre site at 8921 W. U.S. Highway 290 in southwest Austin. The Austin Business Journal reports that the project has a price tag of about $34 million. The facility will feature two pools, 12 beach volleyball courts, four outdoor soccer fields, 12 indoor sports courts, running trails and a strength and conditioning room. Runa Workshop designed the complex, and Harvey Cleary Builders is serving as general contractor. The groundbreaking is set for March and completion is slated for mid-2019.
ROCKWALL, TEXAS — SWBC Real Estate LLC has acquired 21.3 acres in the northeastern Dallas metro of Rockwall for the development of The Remington at Rockwall Downs, a 295-unit multifamily community. Designed by Plano-based Cross Architects, the Class A property will be built in two 295-unit phases. Units of Phase I will average about 1,006 square feet per residence. Amenities will include a resort-style pool and spa, fitness center with spin studio, jogging trails and a dog park. Construction of Phase I is expected to begin in May and wrap up by January 2020.
FORT WORTH, TEXAS — Hillwood has broken ground on a 200,000-square-foot office building for Mercedes-Benz Financial in Fort Worth. The build-to-suit property is located within the AllianceTexas master-planned community and will serve as the company’s national business operations center. Mercedes-Benz Financial has operated out of AllianceTexas since 2007, and the development of this property ensures that roughly 900 direct and indirect jobs will be retained in Fort Worth.
