ALLEN, TEXAS — Newmark has negotiated an 15,000-square-foot office headquarters lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The tenant, Fibergrate Composite Structures, a provider of composite building materials and anti-slip surfaces, will move in to the 102,000-square-foot FARMWorks One building early next year. Nathan Durham and Duane Hendley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Mac Morse, Jakey Younger and Scott Morse with Citadel Partners represented the tenant.
FORT WORTH, TEXAS — Cheeseburger restaurant chain Smalls Sliders has signed a new franchise deal to open six new restaurants in the Fort Worth metro area. Franchisee Brett Stewart will operate the restaurants, which are dubbed “Cans.” Locations will include Fort Worth, White Settlement, Weatherford, Granbury, Cleburne and Stephenville. The first of the new units is scheduled to open in 2025. Smalls Sliders was founded in 2019 and now has a portfolio of more than 300 restaurants currently open or under development.
SAN ANTONIO — University Health has acquired a 142,500-square-foot office building in northwest San Antonio. According to LoopNet Inc., the property at 6200 Northwest Parkway was built in 2000 and includes 963 parking spaces. Russell Noll and Kelly Ralston of Transwestern represented the seller, Sentinel Net Lease LLC, in the transaction. Chad Gunter, also with Transwestern, represented University Health, which plans to utilize the property to expands its administrative and back-office operations. The healthcare provider operates two teaching hospitals and multiple outpatient clinics in the San Antonio area.
WEBSTER, TEXAS — Ascension Advisory has arranged the sale-leaseback of a 59,720-square-foot life sciences facility in Webster, a southeastern suburb of Houston. The property was originally built in 1984. The acquisition of the facility comes as part of the buyer, mission-critical materials and chemicals manufacturer VION Biosciences, purchasing both the business operations and physical real estate of the tenant, Ansh Labs, including the Webster facility. The sales price and lease details were not disclosed.
NEW CANEY, TEXAS — Lumos, an entertainment concept that features activities such as bowling, laser tag, axe throwing and arcade games, will open a 45,000-square-foot venue in New Caney, a northeastern suburb of Houston. The space is located within the 1,400-acre Valley Ranch master-planned community and will include a 6,000-square-foot area for virtual reality, karaoke and private events, as well as a cocktail bar, restaurant and outdoor patio. The opening is scheduled for next spring. Signorelli Co. owns Valley Ranch and has engaged Palo Duro Commercial Partners to lease the remaining space within the 60-acre entertainment district.
HOUSTON — Wylie & Associates has signed a 14,453-square-foot office lease in West Houston. The engineering firm is relocating from 1 Greenway Plaza to the building at 1177 W. Loop S. Anthony Squillante and Dustin Devine of Avison Young represented the tenant in the lease negotiations. Kelli Gault and Doug Little of Transwestern represented the landlord, Hicks Ventures. Wylie & Associates plans to take occupancy of its new space in March 2025.
FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 13,465-square-foot industrial building in northeast Fort Worth. According to LoopNet Inc., the single-tenant building at 7200 Midway Drive was constructed on 3.8 acres in 1986 and features 16-foot clear heights. Chris Wong of Bradford represented the seller, an entity doing business as RBE Midway LLC, in the transaction. Doc Perrier of Outpost Partners represented the buyer, Regis Berkeley A&R Properties LLC.
DALLAS — Fenway Capital Advisors and Waterfall Asset Management have completed the $50 million renovation of an 878,564-square-foot office complex in Dallas. The two-building property, which was formerly known as Campbell Centre and has been renamed The Gild, was originally built in the 1970s and is located in the city’s North Central Expressway submarket. The project added new tenant lounges, a boutique café and coffee bars and dining areas, as well as a new conference center. In addition, the development team updated restrooms and corridors, expanded tenant suites and developed a connecting park between the two buildings. Gensler designed the project, which began in fall 2021, and Stream Realty Partners is the leasing agent.
BOERNE, TEXAS — Lument has provided a $42.7 million Freddie Mac acquisition loan for Estraya Boerne, a 288-unit mixed-income multifamily property located on the northwestern outskirts of San Antonio. Built in 2022, Estraya Boerne offers one-, two- and three-bedroom units and amenities such as a pool and a fitness center. Half the units are subject to income restrictions. James Kress of Lument originated the loan, which carries a 10-year term, fixed interest rate, 35-year amortization schedule and interest-only payments for the first five years.
SAN ANTONIO — South Carolina-based investment firm Ziff Real Estate Partners has sold Castle Hills Market, a 97,682-square-foot shopping center in the northern-central area of San Antonio. According to LoopNet Inc., the center was built in 1986 and is home to tenants such as Allstate Insurance Co., Alamo Bridal, Edward Jones and Rainbow Language Academy. The buyer was an undisclosed Dallas-based investor. John Indelli, Whitney Snell, Chris Gerard, Ryan West and Gianna New of JLL brokered the deal. Ziff acquired the property in 2020 and implemented a value-add program prior to the sale.