CARROLLTON, TEXAS — JLL has negotiated an 82,588-square-foot industrial lease renewal for B. Braun Medical Inc. The medical device manufacturer’s Dallas office is located at 1601 Wallace Drive in Carrollton. JLL’s Elizabeth Jones and Tom McCarthy negotiated the lease on behalf of the tenant. CBRE’s Steve Trese and Wilson Brown represented the landlord, Colony Capital.
HOUSTON — Morgan, a company specializing in multifamily development, construction and property management, has opened Pearl at the Mix in Houston’s Midtown district. Located at 2910 Milam St., the new apartment community sits on the city block bound by Louisiana, Tuam, Milam and Anita streets. Pearl at the Mix, the second Midtown property Morgan has opened in the past two years, is one block away from Pearl Midtown. Pearl at the Mix consists of five residential levels above a two-level parking garage. The property’s 196 units are a mix of studios, one- and two-bedroom units. Unit interiors feature stainless steel appliances, quartz countertops, under-mount sinks, under-cabinet lighting, walk-in closets with wood shelving, full-size washers and dryers, USB charging ports and floor-to-ceiling windows. Community amenities include a WiFi-enabled club lounge furnished with a pool table, two classic arcade machines, TVs, a patio facing downtown, swimming pool, outdoor kitchen, fitness center and grilling stations. Cadence Bank provided construction financing for Pearl at the Mix.
DALLAS — Stream Realty Partners, a full-service real estate investment, development and services company, has hired John Huff as managing director of its new healthcare real estate division. In this capacity, Huff will be responsible for leading and conceptualizing Stream’s healthcare portfolio initially in the Dallas/Fort Worth market for products including medical office, specialized outpatient facilities, hospitals, teaching and research buildings, seniors housing and build-to-suit opportunities. Stream’s healthcare real estate platform will focus on services including leasing, facility development, investment sales, portfolio analysis and management. Huff previously worked at Duke Realty (formerly Bremner Healthcare), where he leased, developed and acquired more than 2 million square feet of medical properties valued at more than $750 million.
ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors DFW has brokered the sale of the 31,960-square-foot Offices at Forest Hills property to California-based RAB Properties, which utilized a 1031 tax-deferred exchange to purchase the Class A, two-building project in Arlington. The single-story structures, located at 2001 and 2005 N.E. Green Oaks Blvd., were 93 percent occupied at the time of sale. Joe Hamilton and Theron Bryant of Coldwell Banker Commercial Advisors DFW represented the local seller, WCII-1 LLC. Negotiating for the buyer was Sam Owen of OGH Real Estate LLC, who has assumed leasing and management duties for the property. The Offices at Forest Hills was developed in 2007 on 3.4 acres near TX 360, I-30 and Dallas/Fort Worth International Airport. The buildings, totaling 11,967 square feet and 19,993 square feet, include private balconies for each office and shared conference space. The asset also features a 120-space parking lot with 10 covered spaces. The smaller building is fully leased to Lima USA for its headquarters. The wholly owned subsidiary of Italy-based Lima Corporate S.P.A. manufactures and distributes shoulder, knee and hip products and technology to surgeons. The larger building houses Insala Ltd., Endeavor Wall Homes, the U.S. Fish & Wildlife Commission …
SAN MARCOS, TEXAS — The Vitorino Group has brokered the sale of Guadalupe Station, a Class A, 17,528-square-foot retail property next to Texas State University in San Marcos. The asset was 100 percent occupied at the time of closing. Jared Aubrey and Anthony Pucciarello of the Vitorino Group represented the seller, an Austin-based developer. A California-based investor utilizing a 1031 exchange was the buyer. Tenants at Guadalupe Station include MedSpring Urgent Care, Verts Mediterranean Grill, Jersey Mike’s Subs, Pieology Pizzeria, Sports Clips and Torchy’s Tacos
HARLINGEN, TEXAS — Marcus & Millichap has arranged the sale of an 82,414-square-foot industrial property located in Harlingen. Kenneth Hartmann and Joshua Murphy of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, a private investor. Hartmann and Murphy also secured the buyer, another private investor. The building is located at 2810 N. Expressway 77.
McKINNEY, TEXAS — The Bascom Group has acquired a 260-unit multifamily community located in McKinney. Sperry Van Ness brokered the transaction. John Brownlee and De’On Collins of HFF arranged debt financing from EastWest Bank. James D’Argenio of Bascom sourced and managed the acquisition. Built in 1997, the property consists of 24 two-story residential buildings and one stand-alone leasing center spread across 20 acres. The unit mix comprises 25 percent one-bedroom units and 75 percent two-bedroom units averaging 873 square feet. The seller was also the original developer. Community amenities include a clubhouse, fitness center, pool and tennis court. The property is located 30 miles north of downtown Dallas.
DALLAS — Dallas-based Paladin Partners has finalized the sale of a 1.5 million-square-foot former Home Depot Distribution Center, now called North Texas Industrial Center. The building was sold on behalf of a joint venture partnership that included Hackman Capital Partners, Oaktree Capital and Calare Properties Inc. The building is situated in Corsicana at 2200 S. Business 45, less than a quarter mile from I-45.
HOUSTON — Wellington Fisher Ltd., a subsidiary of Houston-based Wellington Development Co., has sold 17 acres located at the corner of North Main Street and I-1 to the University of Houston. The partnership originally purchased the property from former Houston Rockets star Hakeem Olajuwon. The site has since been used for parking. The University of Houston—Downtown plans to build a science and technology building on the site. Brendan Lynch of CBRE and Rudy Hubbard of JLL represented the seller.
FORT WORTH, TEXAS — The Vitorino Group has arranged the sale of an El Pollo Loco ground lease in Fort Worth. Located along I-35 in front of a Costco, the restaurant is an outparcel of Presidio Towne Crossing, a 1 million square-foot mixed-use development. A Connecticut-based institution was the seller, while a Dallas-based partnership was the buyer.
