LAGUNA PARK, TEXAS — Marcus & Millichap has arranged the sale of a 9,100-square-foot retail building in Laguna Park net-leased to Dollar General. Thomas Costello of Marcus & Millichap’s office in The Woodlands secured the buyer, a private partnership. The property is located at Secunda Street and Highway 22.
HOUSTON — NAI Partners has represented Bombshelter Diesel Supply LLC in the lease of a 42,525-square-foot distribution/warehouse space located at 21401 Park Row Drive in Houston. Bombshelter Diesel Supply is a subsidiary of Dieselcore. The company is a diesel core supplier to engine and parts remanufactures, as well as parts distributors. John Ferruzzo and Darren O’Conor of NAI Partners represented the tenant, Bombshelter Diesel Supply LLC, in the negotiations. Darryl Noon and Brain Gammill of Transwestern represented the landlord, MCA Mason Creek Owner LLC.
TERRELL, TEXAS — Lee & Associates, has arranged a lease transaction for a 19,000-square-foot industrial space located at 9752 County Road 310 in Terrell. Brett Lewis of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Axus Paints, in the transaction.
ODESSA, TEXAS — Dallas-based Gatehouse Capital has finalized agreements with the city of Odessa and Eofficial Enterprises to develop a seven-story, 219-room Marriott hotel with a 67,500-square-foot conference center, 323-space parking garage and 27,000-square-foot plaza. Gatehouse Capital also plans to refurbish the historic Ector Theater, originally built in 1951. The Gatehouse team includes general contractor UEB Builders, architect RTKL, hotel operator Aimbridge Hospitality, hotel brand Marriott Hotels and Resorts and structural engineer DCI. Construction is expected to begin in March 2017 and last for 18 months. Founded in 1997, Gatehouse Capital is a national real estate investment and development firm that has launched mixed-use developments such as the W Hollywood Hotel and Residences and W Dallas Victory Hotel and Residences.
ARLINGTON, TEXAS — Hilton Worldwide has opened the DoubleTree by Hilton Arlington DFW South following a $10 million renovation. Located less than five miles from Six Flags Over Texas, AT&T Stadium and Globe Life Park, the 237-room, five-story hotel features more than 6,000 square feet of meeting space, an outdoor swimming pool, fitness center, business center and a round-trip shuttle to Dallas/Fort Worth International Airport. Owned by Admiral Hotel Group LLC and managed by Hotel Equities, the former Admiral Hotel features complimentary Wi-Fi, a 40-inch TV, mini-refrigerator, coffee maker and workspace. Many rooms also provide a pool view, patio and/or balcony.
PLANO and LEWISVILLE, TEXAS — CBRE has arranged the sale of Dominion Legacy Office Center in Plano and Lakeside II Office Center in Lewisville. Developed by Myers & Crow Co. and completed in 2014 and 2015, respectively, both properties are fully leased to single tenants and offer a combined total of 173,214 square feet. The Aztec Fund acquired the assets for an undisclosed price. CBRE’s Gary Carr, Eric Mackey, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh arranged the transaction on behalf of Myers & Crow. Dominion Legacy spans 92,250 square feet and serves as the headquarters of CompuCom Systems Inc. Spanning 80,964 square feet, Lakeside II is fully leased to a regional service center of Teachers Insurance and Annuity Association of America (TIAA).
CARROLLTON, TEXAS — Lee & Associates has negotiated a 101,382-square-foot industrial lease located at 1255 Champion Circle in Carrollton. Nathan Denton of Lee & Associates Dallas/Fort Worth represented the tenant, Value Lighting, a supplier of lighting fixtures and ceiling fans for multifamily residences, in the lease transaction. StoneLake was the landlord.
HOUSTON — Waterman Steele Real Estate Advisors has arranged a lease for A+UP, a local charter school that will move to a new location at 3353 Elgin St. in the historic Greater Third Ward of southeast Houston. Waterman Steele’s Tami Pearson and Sage Klement represented A+UP in the transaction. Bob Parsley of Colliers International represented the landlord, Change Happens. A+UP Charter Schools was founded in 2013. Students range in age from 11 to 14. A+UP enrolls 60 students and plans to increase enrollment to 180 students within three years.
GRAND PRAIRIE, TEXAS — Home2 Suites by Hilton Dallas Grand Prairie is now open. Offering 96 suites, the hotel is the first Hilton Worldwide property in Grand Prairie. Located at 2123 W. I-20, Home2 Suites Dallas Grand Prairie offers access to Six Flags Over Texas, Lone Star Park, local sports venues and Dallas-Fort Worth International Airport. The property is also within walking distance of several dining and shopping options. Owned by Orion Lodging LLC and managed by Kriya Hotels, the hotel’s guestrooms feature fully equipped kitchens and modular furniture. The hotel also features complimentary Wi-Fi, a combined laundry and fitness area, outdoor pool and grill area, Home2 MKT store and complimentary breakfast.
BOERNE, TEXAS — Bellomy & Co. has brokered the sale of Storage Solutions of Boerne in the San Antonio suburb of Boerne. The facility consists of 465 units across 67,500 square feet. The 7.9-acre property was built in 2009 and was 83 percent occupied at the time of closing. Boerne is located 30 miles northwest of San Antonio. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. structured the off-market transaction between the unnamed, local seller and the buyer, Lockaway Storage. Lockaway operates more than 50 self-storage properties in California and Texas.