Texas

Park Place Dealerships to Develop 70,000 SF Porsche Dealership in Grapevine

by Amy Works February 17, 2017

GRAPEVINE, TEXAS — Park Place Dealerships is developing a Porsche dealership off Texan Trail and State Highway 114 in Grapevine. Construction on the two-story, 70,000-square-foot dealership is expected to start within the next 30 days, with completed slated for spring 2018. The project will create more than 180 temporary construction jobs and approximately 50 permanent jobs. Park Place Porsche will have the capacity to feature 21 display vehicles on the showroom floors and feature a shop with 28 service and make-ready bays. Hill & Wilkinson is serving as general contractor, and Good, Fulton & Farrell is providing architectural services for the project.

February 17, 2017

Davis Holdings Purchases 33,000 SF Loft Office Building in Houston

by Amy Works February 17, 2017

HOUSTON — Davis Holdings has acquired a fully occupied office building located at 1500 McGowen St. in Houston. Skyland Lodge Tract sold the 33,000-square-foot property for an undisclosed price. Originally built in 1972 and renovated in 2002, the two-story, Class B office building features loft-style office space with modern building systems. Louis Rosenthal of JLL represented Davis Holdings, while David Husid and Brandi McDonald of Newmark Grubb Knight Frank represented the seller in the deal.

February 17, 2017

Restaurant Retail Texas

Venture Commercial Brokers Sales of Two Restaurant Properties in North Texas

by Amy Works February 17, 2017

WEATHERFORD AND GRAND PRAIRIE, TEXAS — Venture Commercial Real Estate has arranged the sales of two restaurant properties in north Texas. John Zikos, Jonathan Cooper, Christopher Gibbons and Don Miller of Venture represented the sellers in both transactions. Raising Cane’s Chicken Fingers occupies both properties. In the first deal, RC Weatherford Partners sold a 3,587-square-foot, single-tenant, net-leased restaurant property located at 1824 S. Main St. in Weatherford. Beutler Exchange Group for 4 Mile and Weed Ranches acquired the property for an undisclosed price. Arthur Flores of CBRE represented the buyer in the deal. In the second transaction, Life in the Fast Food Lane sold a 2,722-square-foot restaurant property located at 2960 W. Camp Wisdom Road in Grand Prairie to Weinberg LLC for an undisclosed price. Jason Jones of California Lifestyle Realty represented the buyer in the deal.

February 17, 2017

Hospitality Texas

Marcus & Millichap Negotiates Sale of 87-Room Hotel in North Richland Hills, Texas

by Amy Works February 17, 2017

NORTH RICHLAND HILLS, TEXAS — Marcus & Millichap has brokered the sale of Best Western Northeast Mall Inn & Suites, a hotel located at 8709 Airport Freeway in North Richland Hills. A limited liability company acquired the 87-room hotel for an undisclosed price. Constructed in 1984 and recently renovated, the property features a fitness center, pool and spa, meeting space and fully equipped business center. Chris Gomes and Allan Miller of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer in the transaction.

February 17, 2017

Retail Texas

The Retail Connection Brokers 11,962 SF Retail Lease in Wichita Falls, Texas

by Amy Works February 17, 2017

WICHITA FALLS, TEXAS — The Retail Connection has arranged the lease of retail space in Wichita Falls. CitiTrends signed a lease for 11,962 square feet from Sikes Senter LLC. Jamie Streeter and Jim Weir of The Retail Connection represented the tenant, while Irys Citko of Rouse Properties represented the landlord in the deal.

February 17, 2017