FARMERS BRANCH, TEXAS — Stream Realty Partners has brokered the lease of industrial space located at Mercer Business Park – Building 4 in Farmers Branch. Moore Supply Co., a distributor of plumbing products, has leased 105,800 square feet of space from Billingsley Development Corp. Eric Crutchfield and Ryan Boozer of Stream Realty Capital represented the tenant in the transaction.
DEL VALLE, TEXAS — Equitable Commercial Realty (ECR) has facilitated the sale of an industrial property located at 3039 E. Highway 71 in Del Valle, a suburb of Austin. The 28,840-square-foot property sold for an undisclosed price. Ryan Wilson of ECR represented the undisclosed buyer, while Clinton Sayers of Sayers Real Estate Advisors represented the undisclosed seller in the deal.
OKLAHOMA CITY — CBRE has arranged the lease of industrial space located at 11301 Partnership Drive in Oklahoma City. Omni Packaging Group, a distributor of shipping and packaging materials, is leasing 37,620 square feet of space from TOKC Northgate LLC. Jamie Hill, Barbara Mefford, John Lenochan, Jason Hammock and Caitlin Mazaheri of CBRE represented the tenant in the transaction.
HOUSTON — NAI Partners arranged the lease of retail space at 2859 Dulles Ave. in Missouri City, a suburb of Houston. Escape Games Fort Bend LLC leased the 1,750-square-foot entertainment venue space from SGRE Pecan Plaza Ltd. Jason Gaines of NAI Partners represented the landlord in the deal.
WACO, TEXAS — Eisner Equities has broken ground on OPUS 2430, a 151-bed boutique student housing community located near Baylor University in Waco. The development is expected to open for occupancy in fall 2017. The 68,000-square-foot property will offer townhome-style units featuring granite countertops, washers and dryers and en-suite bathrooms, with an additional powder room on the ground floor of each unit for guests. Community amenities will include a clubhouse, fitness center, outdoor living and exercise areas and a resort-style pool and tanning deck. Project team members include Bennett, Benner Partners Architects and Waco-based engineering firm Walker Partners. Campus Realtors will serve as the on-site management and leasing firm. Ciera Bank of Fort Worth provided construction financing on behalf of Eisner Equities.
OKLAHOMA CITY — NewcrestImage is developing an AC Hotel in Oklahoma City. Slated to open in May 2017, the 142-room property will feature 81 modules to form the core of the property. Modules are independent standardized units that can be used to construct a more complex structure, including buildings. The first floor of the five-story hotel will feature traditional construction, while the remaining floors will consist of 81 modules. The modules include all interior furniture, furnishing and equipment and were produced by Boise, Idaho-based Guerdon Modular Buildings. Currently, NewcrestImage has a portfolio of 23 hotels, with an additional 14 hotel under construction or in development.
ARLINGTON, TEXAS — Marcus & Millichap has arranged the sale of Windemere, an apartment property located at 2001 Wesley Drive in Arlington. A limited liability company acquired the 60-unit property for an undisclosed price. Built in 1980, the property features a mix of three floorplans with an average unit size of 797 square feet. Nick Fluellen, Bard Hoover and Evan Burke of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer in the deal.
ROSENBERG, TEXAS — McAlister Real Estate has arranged the sale of a 10-acre development site located adjacent to GreatTown Plaza at the northwest corner of FM 2218 and Town Center Boulevard in Rosenberg. Gamal Enterprises acquired the property for $1.4 million and plans to use the site for retail development. James Kadlick, Chris Hutcheson and Matt Herring of McAlister represented the undisclosed seller in the deal.
HOUSTON — NAI Partners has brokered the lease of a 28,800-square-foot industrial manufacturing facility located at 6614 Dixie Drive in Houston. Diverse Metal Products LLC leased the facility from 6614 Dixie Properties LLC. Chris Caudill and Jake Wilkinson of NAI Partners represented the landlord in the deal.
SAN ANTONIO — Draper and Kramer Inc. has acquired The View at Encino Commons Apartment Homes, a rental community situated in the Stone Oak area of north central San Antonio. Located at 21303 Encino Commons Blvd., the 27-building community features 324 apartments in a mix of one-, two- and three-bedroom layouts, ranging in size from 677 square feet to 1,497 square feet. On-site amenities include a resort-style pool with covered pavilion, kitchen and grilling area and outdoor televisions, and a clubhouse with a resident lounge, entertaining kitchen, theater room, business center and internet café and a fitness studio. Draper and Kramer will also take over management of the property through its residential management division.