Texas

LA Fitness to Open 34,000 SF Gym in Metro Austin

by Taylor Williams October 17, 2017

CEDAR PARK, TEXAS — LA Fitness will open a 34,000-square-foot gym at Cedar Park Plaza, a retail development located at the corner of Whitestone Boulevard and Bagdad Road in the Austin metro of Cedar Park. Scheduled to open by November 2018, the Cedar Park location will be the company’s sixth gym in the Austin area. John Zikos and Jonathan Cooper of Venture Commercial, along with John Kalamaras and Ted Slaughter of RealSource Partners, represented LA Fitness in the lease negotiations. The landlord, Cedar Park Plaza LP, was self-represented.

October 17, 2017

Texas

CBRE Negotiates Sale of Nine Acres for QuikTrip Location in Fort Worth

by Taylor Williams October 17, 2017

FORT WORTH, TEXAS — CBRE has negotiated the sale of nine acres of land located at the corner of Interstate 30 and Westmoreland Road in Fort Worth. The tract will serve as the future site of a new QuikTrip location. The Tulsa, Okla.-based gas and convenience store chain purchased the land from Dallas County Hospital System for an undisclosed price. David Glasscock of CBRE represented the seller in the transaction.

October 17, 2017

Industrial Texas

NAI Secures 14,165 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams October 17, 2017

HOUSTON — NAI Partners has secured a 14,165-square-foot industrial lease renewal at 6100 West by Northwest in Houston Blvd. on behalf of Craters & Freighters, a Colorado-based shipping firm. Chris Caudill of NAI Partners represented the tenant in the lease negotiations. Harry Kutner and Blake Warren of Stream Realty Partners represented the landlord, Agellan Commercial REIT US LP.

October 17, 2017

Hospitality Texas Top Stories

The Statler Hotel Reopens in Dallas Following $255M Redevelopment

by Katie Sloan October 17, 2017

DALLAS — The Statler Hotel, an iconic hotel located in downtown Dallas, has reopened as part of the Curio Collection by Hilton following a $255 million redevelopment. The 19-story hotel originally opened in 1956 as one of Conrad Hilton’s first convention properties. Owned and redeveloped by Centurion American Development Group, the hotel offers 219 luxury residences, 159 guest rooms, restaurants and retail. Amenities at The Statler include a rooftop pool; 33,000 square feet of meeting and event space, including entertainment suites, an outdoor garden court, 10 meeting rooms and a 13,154-square-foot grand ballroom; and a fitness center including bowling and games. Restaurants and bars on the property slated to open later this year include Overeasy, an upscale diner; Bourbon & Banter, an underground cocktail lounge; Fine China, a full-service Asian restaurant and cocktail bar; Waterproof, a poolside roof deck bar and lounge; and Scout, a 12,000-square-foot social space serving American food. Dallas-based Aimbridge Hospitality manages The Statler, which Merriman Anderson/Architects designed. Local chef Graham Dodds leads all five of the property’s restaurants. Curio Collection by Hilton launched in 2014, and is a global portfolio of more than 40 upscale hotels and resorts. Hilton’s (NYSE: HLT) stock price closed on Monday, …

October 17, 2017

Industrial Office Self-Storage Texas

United to Redevelop 90,000 SF Office Campus in Greater Fort Worth

by Taylor Williams October 16, 2017

SOUTHLAKE, TEXAS — United Development Co. has acquired Park Forest office complex, a three-building, 90,000-square-foot campus located in the Fort Worth metro of Southlake. The company will invest $10 million in the redevelopment of the property, which will involve razing two single-story, 10,000-square-foot buildings and repurposing them into a climate-controlled self-storage facility. Demolitions are expected to begin in January 2018.

October 16, 2017

Multifamily Texas

KWA Breaks Ground on Phase II of 186-Unit Apartment Complex in Metro Dallas

by Taylor Williams October 16, 2017

FARMERS BRANCH, TEXAS — KWA Construction has broken ground on Phase II of Mustang Station Apartments, a 186-unit multifamily complex located at 2501 Bill Moses Parkway in the Dallas metro of Farmers Branch. The 177,106-square-foot property will consist of one-, two- and three-bedroom units ranging in size from 588 to 1,400 square feet, as well as a fitness center and a pet grooming station. Phase II, which is slated for a late 2018 completion, will also include the construction of a 263-space parking garage.

October 16, 2017

Retail Texas

STRIVE Arranges Sale of 43,528 SF Shopping Center in Hillsboro, Texas

by Taylor Williams October 16, 2017

HILLSBORO, TEXAS — Dallas-based retail investment advisory firm STRIVE has arranged the sale of Hillsboro Shopping Center, a 43,528-square-foot retail center located off Interstate 35 and Corsicana Highway in Hillsboro, roughly midway between Waco and Fort Worth. The center houses tenants such as Dirt Cheap, Dollar Tree and Hibbett Sports. Will Merritt of STRIVE represented the seller, a Texas-based investment firm, in the transaction. The buyer and other terms of sale were not released.

October 16, 2017

Office Texas

Marcus & Millichap Brokers Sale of 32,154 SF Office Building in Dallas

by Taylor Williams October 16, 2017

DALLAS — Marcus & Millichap has brokered the sale of a 32,154-square-foot office building located at 9319 Lyndon B. Johnson Freeway in Dallas. Built in 1982, the building consists of 36 office suites and recently received upgrades to its interior, landscaping and signage. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a limited liability company. Both parties requested anonymity.

October 16, 2017

Retail Texas

Bright Realty Sells 7,727 SF Retail Center in Metro Dallas

by Taylor Williams October 16, 2017

LEWISVILLE, TEXAS — Bright Realty has sold Castle Hills Commons, a 7,727-square-foot, Class A retail property located along State Highway 121 in the northern Dallas suburb of Lewisville. Built in 2016 and situated near the 1.8 million-square-foot Nebraska Furniture Mart, the property is anchored by Starbucks and houses tenants such as Planet Sub, Great Expressions Dental Care and F45 Training. An undisclosed private investor purchased the asset, which was 100 percent leased at the time of sale.

October 16, 2017

Hospitality Texas

NewcrestImage Completes 249-Room Dual-Branded Hotel in Downtown Dallas

by Taylor Williams October 13, 2017

DALLAS — Hospitality development firm NewcrestImage has completed the 128-room AC Hotel by Marriott and the 121-room Residence Inn by Marriott, the first dual-branded hotel in downtown Dallas. Located at 1712 Commerce St., the property features the AC Hotel lobby and lounge on the first floor with guestrooms on floors three through 10, and the Residence Inn lobby on the second floor and guestrooms on floors 11 through 21. The hotels also have separate lounges, business centers and dining areas, but share a bar and fitness center. A 10-story parking garage is scheduled to open in 2018 behind the building.

October 13, 2017

Newer Posts

Older Posts

Upcoming Events

Sep
23