Texas

Weitzman Negotiates Sale of Retail Property on Lake Ray Hubbard in Garland

by Haisten Willis September 23, 2016

GARLAND, TEXAS — The Weitzman Group has negotiated the sale of a convenience store on 1.4 acres at 4441 Bass Pro Drive in Garland. The purchaser is the operator of the convenience store, Daanya Inc. David Zoller and Joey Keffler of The Weitzman Group handled negotiations as listing agents for the site. The location, branded Beverage City, will continue to be operated as a fuel station and convenience store. A planned internal renovation will upgrade the facility and add a full kitchen. The property, with freeway frontage, is part of Harbor Point, anchored by Bass Pro Shops.

September 23, 2016

TierPoint to Build Second Data Center in Metro Dallas

by Haisten Willis September 22, 2016

ALLEN, TEXAS — TierPoint LLC plans to build a new data center in the Dallas metropolitan area. Partnering with Compass Data Centers, TierPoint’s plans calls for 90,000 square feet of building space in Allen, with the initial phase including an investment of over $20 million and 16,000 square feet of raised floor. The facility will also include infrastructure support and office space and is expected to be operational by spring 2017. TierPoint’s made its first data center acquisition, Colo4Dallas, in 2010.

September 22, 2016

Multifamily Texas

Electra America, Robbins Purchase 288-Unit Apartment Complex in San Antonio

by Haisten Willis September 22, 2016

SAN ANTONIO — Electra America and Robbins Property Associates have acquired Vantage at Alamo Ranch, a 288-unit apartment complex in San Antonio. The JV bought the asset from Vantage Communities and will rebrand it as Verandas at Alamo. With this acquisition, Electra/Robbins’ Texas portfolio now includes over 7,000 apartment units in cities including San Antonio, Houston and Dallas. Constructed in 2015, Vantage at Alamo is located at 6831 Alamo Parkway and features one-, two- and three-bedroom units. The project totals 240,916 square feet. Community amenities include swimming pools, a fitness center, on-site maintenance, gated access, business center, picnic area, pet park and high-speed Internet. The property is 87 percent occupied. Unit amenities include nine-foot ceilings, balconies/patios, hardwood floors, walk-in closets and granite countertops.

September 22, 2016

Office Texas

JLL Secures Office Lease Renewal, Expansion for Fort Worth Accounting Firm

by Haisten Willis September 22, 2016

FORT WORTH, TEXAS — JLL has secured an office lease renewal and expansion on behalf of accounting firm Auldridge-Griffin P.C. The 8,614-square-foot office lease includes a nearly 1,500-square-foot expansion for the Fort Worth-based company. JLL’s Pat McDowell negotiated the lease on behalf of the tenant. John Grace of Colliers International represented the unnamed landlord. Auldridge-Griffin’s office is located in the Ridglea Bank Building at 6300 Ridglea Place.

September 22, 2016

Retail Texas

M&M Arranges Sale of 6,793 SF Retail Property in Houston

by Haisten Willis September 22, 2016

HOUSTON — Marcus & Millichap has arranged the sale of Broadway Shopping Center, a 6,793-square-foot retail property located in Houston. Gus Lagos and Alex Bouchard of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, an individual/personal trust partnership. Lagos and Bouchard also secured the buyer, a limited liability company. Broadway Shopping Center is located at 3933 Broadway St.

September 22, 2016

Retail Texas

First Cyclebar in San Antonio to Open in Stone Oak

by Haisten Willis September 22, 2016

SAN ANTONIO — CycleBar, an indoor cycling studio, will open its first San Antonio studio on Sept. 26 in a 3,000-square-foot space in Village at Stone Oak. The specialty retail center is located at 22602 U.S. Highway 281 N. Marcus Shaffer with The Weitzman Group handled negotiations for CycleBar. Tenants at Village at Stone Oak include Alamo Drafthouse Cinema, James Avery, Bar Louie, Victoria’s Secret, 54th Street Grill & Bar, Target, HomeGoods, Hobby Lobby, DSW and World Market. CycleBar’s rides offer a full-body workout and cardio exercise. The company provides shoes, water bottles and snacks at no extra cost, as well as secure storage and a locker room with robes, wet clothing bags and toiletries.

September 22, 2016

Retail Texas

JLL Secures Sale of 681,319 SF Mall of Abilene

by Haisten Willis September 21, 2016

ABILENE, TEXAS — On behalf of an investment group advised by Gregory Greenfield & Associates, JLL Capital Markets has secured the sale of the Mall of Abilene in Abilene. An affiliate of Radiant Partners LLC purchased the 681,319-square-foot mall for an undisclosed price. Radiant Partners is a national owner/operator of regional Class B malls. David Monahan and Cameron Pittman led the JLL team in the sale. The Mall of Abilene is visible from the adjacent U.S. Route 84 and Buffalo Gap Road. Tenants include Best Buy, Dillard’s, Ulta Beauty and Sears.

September 21, 2016

Restaurant Retail Texas

M&M Arranges Sale of 36,485 SF Retail Property in Frisco

by Haisten Willis September 21, 2016

FRISCO, TEXAS — Marcus & Millichap has arranged the sale of Shops of Eldorado I & II, a 36,485-square-foot retail property located in Frisco. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a developer. Levy also secured the buyer, a private investor. Built in 2007, Shops of Eldorado I & II is located on 3.7 acres at 12398 and 12399 FM 423. All leases are triple net, and 55 percent of the occupied space includes personal guaranties. The center is 85 percent leased to a mix of retail and medical office tenants, including PetSense, orthodontist Dr. Castano-Rendon, Bella Nails, pediatric dentist Dr. Davis and Love Sushi.

September 21, 2016

harrison-french-associates-hfa-office-fort-worth-texas

Office Texas

HFA Opens Office in Fort Worth

by Haisten Willis September 21, 2016

FORT WORTH, TEXAS — Harrison French & Associates Ltd. (HFA), a Bentonville, Ark.-based architecture and engineering firm, has opened a new office in Fort Worth. The office is located in the Chase Building at 420 Throckmorton St., Suite 910 in downtown Fort Worth. HFA holds licenses in all 50 states and the District of Columbia. The company recently acquired Franklin, Mass.-based Allevato Architects as part of an expansion.

September 21, 2016

Office Texas

Colvill Office Properties Brokers Office Lease at The Jones on Main in Houston’s CBD

by Haisten Willis September 21, 2016

HOUSTON — Colvill Office Properties has brokered a 3,989-square-foot office lease with The Mitchell Group at The Jones on Main, a newly rebranded office complex located at 708 and 712 Main St. in Houston. The Jones on Main includes the JPMorgan Chase & Co. Building in Houston’s central business district. Mitchell Group will occupy the entire 31st floor at the 715,000-square-foot office tower. Connor Saxe and Vince Strake of Colvill Office Properties represented the property’s ownership, Lionstone Investments and Midway, in the lease transaction. Kevin Kushner of CBRE represented The Mitchell Group.

September 21, 2016

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