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North-Park-34
DevelopmentIndustrialLeasing ActivityTexas

Arden Group Completes Renovation, Lease-Up of 865,000 SF Industrial Complex in Houston

by Taylor Williams

HOUSTON — Philadelphia-based Arden Group has completed the renovation and lease-up of a 34-building, 865,000-square-foot industrial complex located on the northwest corner of the Beltway 8 and Hardy Toll Road in Houston. Arden Group first acquired the asset in late 2021 and has since rebranded it as North Park 34 and appointed Stream Realty Partners as the leasing agent. Capital improvements included implementing a more traditional office/warehouse configuration, painting building exteriors, upgrading interior/exterior lighting and undertaking full interior renovations to 21 vacant suites.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 303-Unit Self-Storage Facility in Gonzales, Texas

by Taylor Williams

GONZALES, TEXAS — Marcus & Millichap has brokered the sale of Apache Self Storage, a 303-unit facility in Gonzales, about 75 miles east of San Antonio. The property consists of 50 climate-controlled units, 210 non-climate-controlled units, 24 container units and 19 parking spaces. Jon Danklefs of Marcus & Millichap represented the seller in the off-market transaction and procured a limited liability company as the buyer. Both parties requested anonymity.

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Leasing ActivityOfficeTexas

7-Eleven Extends 61,495 SF Office Headquarters Lease in Irving

by Taylor Williams

IRVING, TEXAS — 7-Eleven Inc. has extended its 61,495-square-foot office headquarters lease at Connection Park, a 282,438-square-foot development in Irving. The term of the extension was not disclosed. The two-building complex was originally constructed in 2017. Duane Henley of Newmark represented 7-Eleven in the lease negotiations. HPI Real Estate Services & Investments represented the landlord, Dallas-based investment firm Chief Partners. 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the United States and Canada.

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IndustrialLeasing ActivityLee & AssociatesTexas

Sow Good Inc. Signs 51,264 SF Industrial Lease in West Dallas

by Taylor Williams

DALLAS — Sow Good Inc. has signed a 51,264-square-foot industrial lease in West Dallas. The provider of freeze-dried food products will occupy the entirety of Building 10 at Stemmons Industrial Center, which features a front-load configuration and 25-foot clear heights. Garrison Efird, Jim Cooksey and Dalton Jernigan represented the tenant in the lease negotiations. Lee & Associates represented the landlord, Prologis.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 33,333 SF Industrial Lease in West Dallas

by Taylor Williams

DALLAS — Lee & Associates has negotiated a 33,333-square-foot industrial lease in West Dallas. According to LoopNet Inc., the property at 4811 Lakawana St. was built in 1986 and totals 50,000 square feet. Stephen Williamson of Lee & Associates represented the landlord, Texas-based Stonelake Capital Partners, in the lease negotiations. Lena Pierce and Ryan Boozer of Stream Realty Partners represented the tenant, Glasshouse Products.

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Knox-Street-Dallas
DevelopmentLoansMixed-UseTexas

Joint Venture Underway on 1 MSF Mixed-Use Project in Dallas

by Taylor Williams

DALLAS — A joint venture that includes MSD Partners and Trammell Crow Co. is underway on a 1 million-square-foot mixed-use project in the Knox Street area of Dallas. The site spans four acres and is adjacent to the Katy Trail. Plans call for a 140-room hotel with 48 for-sale residences, 150,000 square feet of office space that will be anchored by ISN Software Corp., 100,000 square feet of retail and restaurant space, a 173-unit apartment building and a half-acre park. Plano-based Beal Bank provided $619.5 million in construction financing for the project, which is slated for a 2026 completion. Highland Park Village Associates is leasing the retail and restaurant space, and CBRE is marketing the remainder of the office space for lease. Balfour Beatty and Andres Construction are the general contractors. JLL arranged the construction debt.

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AcquisitionsIndustrialTexas

JLL Brokers Sale of 174,821 SF Warehouse, Light Manufacturing Facility in San Antonio

by Taylor Williams

SAN ANTONIO — JLL has brokered the sale of a 174,821-square-foot warehouse and light manufacturing facility in San Antonio. The front-load facility at 4958 Stout Drive is located on the city’s northeast side and features 22-foot clear heights, 12 dock-high doors, two drive-in ramps and 270 parking spaces. Trent Agnew, Josh Villarreal and Greer Shetler of JLL represented the seller, Ledo Capital Group, in the transaction and procured the buyer, Prattco Creekway Industrial. The building was fully leased to tenants at the time of sale.

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AcquisitionsMultifamilyTexas

The Multifamily Group Arranges Sale of 128-Unit Complex in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Midtown Apartments, a 128-unit complex located in the Central Texas city of Temple. Built in 1971, the property offers one- and two-bedroom units with an average size of 872 square feet and amenities such as a pool, fitness center, basketball court, clubhouse and a picnic area. Paul Yazbeck of TMG represented the seller in the transaction, and Jon Krebbs of TMG procured the buyer. Both parties requested anonymity.

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Leasing ActivityOfficeTexas

Keystone Advisors Signs 32,000 SF Office Lease in West Houston

by Taylor Williams

HOUSTON — Marketing agency Keystone Advisors has signed a 32,000-square-foot office lease in West Houston. According to LoopNet Inc., the building at 4920 Westway Park Blvd., which is part of the Corporate Centre development, was constructed in 2007 and totals 131,908 square feet. Scott Fikes, Matt Pruitt and Christian Canion of JLL represented the landlord, Agellan Commercial REIT, in the lease negotiations. Josh Marcell and Anthony Porraz of Moody Rambin represented the tenant.

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Leasing ActivityOfficeTexas

Finial Group Negotiates 15,085 SF Office Lease in Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated a 15,085-square-foot office lease in Houston. According to LoopNet Inc., the property at 9949 W. Sam Houston Parkway N was built in 2006 and totals 41,117 square feet. Andrew Bischoff and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations. Wes Williams and Jordan Trout of Colliers represented the tenant, engineering firm W-Industries of Texas.

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