KEENE, TEXAS — Construction has begun on the redevelopment of Keene Plaza, a retail development in the city of Keene. Samantha Gillin of Gillin Realty LLC secured the sale of the property and will be working with new owner, James Wright, on the remodeling and leasing of the property, which is located at the corner of Highway 67 and College Street. Wright, a broker with RE/Max in Cleburne, is the developer and owner of Keene Plaza. Upon completion of the redevelopment, Keene Plaza will consist of retail, office and hospitality space ranging from 1,250 square feet to 5,000 square feet.
GRAND PRAIRIE, TEXAS — IKEA is set to build its second Dallas/Fort Worth area store, opening in Grand Prairie in Fall 2017. Groundbreaking is scheduled for October. Mycon General Contractors will serve as construction manager; Segovia Retail Group is handling site selection support; Winkelmann and Associates is the civil engineer; KJWW Engineering Consultants is the structural engineer; and GreenbergFarrow is the architect. The store will employ more than 300. The 290,000-square-foot IKEA Grand Prairie and its 1,100 parking spaces will be built on 30 acres along the east side of State Highway 161 and Mayfield Road.
AUSTIN, TEXAS — Endeavor Real Estate Group and Northwood Investors have announced new tenants at Domain Northside, a mixed-use development in Austin including retail, dining and entertainment. The newly announced tenants include: Hat Creek Burger Co., Golden Bones, Engel & Völkers, 24 Diner, Orangetheory Fitness, Jose Luis Salon, Sway, Velvet Taco, Erin Condren, Nordstrom, RH Austin The Gallery at The Domain, Free People, Planet Blue, Peloton, Warby Parker, Suitsupply, Bonobos, Filson, It’Sugar, NYX, Lush, Scout & Molly’s Boutique, Life is Good, Doc B’s, Kittsona, W3ll People, Teddies for Bettys, Kelly Wynne, Everything But Water, Pirch, AT&T, Will Leather Goods, Marine Layer, Mitchell Gold + Bob Williams, The Frye Co., Stag, Sprinkles, Paul Martin’s Austin Grill, Guideboat, Toulouse, Taverna, Cyclone Anaya’s, Culinary Dropout, Flower Child, Sur La Table, SoulCycle, Kiehl’s, diptyque, Francesca’s, Sephora, Sugarfina, Marmi, Hanna Andersson, Evereve, Alex and Ani, Frost Gelato, Eliza Page, The Body Shop, Paper Source, Saint Bernard, Bank SNB and Upscale Lashes. The developers will host grand openings at Domain Northside on Friday, Sept. 30 and Saturday, Oct. 1.
CARROLLTON, TEXAS — Colliers International has arranged the sale of The French Quarter, an office complex in Carrollton. Greg Hoffman, Michael Carmichael, Chris Lipscomb and Lindsay Wolcott of Colliers represented the unnamed seller in the transaction, while Justin Owen of Dominus Commercial represented the buyer. The French Quarter totals 46,444 square feet and is located at 3610-3630 N. Josey Lane. The property consists of five single-story and two-story office buildings located near President George Bush Turnpike, I-35 and Highway 121.
DALLAS — Consolidated-Tomoka Land Co. has acquired 0.91 acres at 2501 N. Field St. in Dallas for $14.9 million. The property is leased to a 10,340-square-foot CVS Pharmacy for an initial term of 25 years and guaranteed by CVS Health Corp. The property is located near downtown Dallas one block from the American Airlines Center. The zoning of the property allows for potential future development of approximately 400,000 square feet of commercial space. This acquisition was part of a 1031 tax-deferred exchange.
GARLAND, TEXAS — The Vitorino Group has brokered the sale of Take 5 Oil Change on Forest Lane in Garland. The Vitorino Group represented the seller, a Dallas-based partnership, and cooperated with an outside broker that represented the buyer, a local investor. A local bank provided financing.
BEDFORD, TEXAS — Dallas-based Caddis, a healthcare real estate developer, plans to develop Heartis MidCities, the company’s fifth seniors housing facility in the Dallas area. The 178-unit, 178,530-square-foot Heartis MidCities independent living, assisted living and memory care residence will be located on the northeast corner of Highway 121 and Bedford Road in Bedford. Caddis plans to finish construction by winter 2017. Amenities at Heartis MidCities will include secured courtyards, outdoor walking paths, game and activity rooms, beauty and barber shop, dining room and daily social activities. Services include 24-hour emergency call system, housekeeping and laundry. Frontier Management, a seniors housing operator headquartered in Portland, Ore., will manage the property. Austin-based Katus LLC is the architect for the project and Cameron, Texas-based EBCO is the general contractor.
MCKINNEY, TEXAS — Cushman & Wakefield has secured bridge refinancing through Synovus Bank for Texas Crossing, which previously served as Blockbuster’s corporate headquarters and national distribution center. Cushman & Wakefield’s Beth Lambert and Diego Arroyave represented the owner, Saskaway Group. The 856,897-square-foot office and industrial facility sat vacant for two years until Saskaway Group purchased it in May 2014, making it the investment group’s fifth acquisition in metro Dallas. In 18 months, ownership leased 100 percent of the 697,149-square-foot warehouse portion to national credit tenants including UPS and International Paper. With the new loan in place, ownership is now focused on leasing the adjoining 160,000-square-foot, two-story office building. The property is located 20 miles north of Dallas at 3000 N. Redbud Blvd. in McKinney.
DALLAS and SOUTHLAKE, TEXAS — Shop Cos.’ investment sales has brokered the sale of two retail properties in metro Dallas totaling 44,105 square feet. Tommy Tucker and Tim Axilrod of Shop Cos. represented the seller in each transaction. The properties include: Campbell Village, a 36,659-square-foot retail center located in Dallas at the southeast quadrant of Hillcrest and Campbell roads. At the time of closing the property was 94.5 percent leased to tenants including Leslie’s Pool Supplies, North Texas Physical Therapy, Campbell Village Veterinary Hospital, Armani Salon, Empire Cleaners, Meat Point and Rover Sleepover. Shop Cos. represented the seller, a Dallas-based limited company. A private purchaser from California utilizing a 1031 tax-deferred exchange was the buyer. Stanley Crossing, a 7,446-square-foot retail center in Southlake. The property sits at the intersection of West Southlake Boulevard (FM 1709) and Davis Boulevard (FM 1938). At the time of closing it was 100 percent leased to Bibbentuckers, Re/Max and Indulge Nail Salon. Shop Cos. represented the seller, a Dallas-based limited partnership. A Delaware-based limited utilizing a 1031 tax-deferred exchange was the buyer.
PFLUGERVILLE, TEXAS — Venture Commercial Real Estate’s investment sales team has arranged the sale of The Shops at 685, an 11,200-square-foot, multi-tenant retail center located in the Austin suburb of Pflugerville. The Shops at 685 is located on 2.1 acres at 2424 FM 685, near the intersection of toll roads SH 130 and SH 45. Tenants include Einstein Bros. Bagels, Pie Five Pizza Co., Chipotle and Mattress Firm. John Zikos, Jonathan Cooper, Christopher Gibbons and Don Miller of Venture’s Investment Sales team represented the buyer, Callaghan Ranch Ltd. Tim Allen of JLL Americas Inc. represented the seller, CSW Pflugerville LLC.