Texas

Bank OZK, PGIM Provide $75.9M in Construction Financing for Metro Houston Cold Storage Project

by Taylor Williams November 8, 2023

BAYTOWN, TEXAS — Bank OZK and PGIM Real Estate have provided $75.9 million in construction financing for a 281,849-square-foot cold storage facility that will be located on a 30.7-acre site within TGS Cedar Port Industrial Park in the eastern Houston suburb of Baytown. Bank OZK provided a $50 million senior loan for the development, and PGIM provided the remaining $25.9 million. The borrower and developer is Philadelphia-based BG Capital. New Jersey-based FreezPak Logistics will operate the facility, which will house a range of temperature-controlled spaces to accommodate operations such as storage, processing, packaging and distribution. Completion is slated for next August.

November 8, 2023

Acquisitions Industrial Lee & Associates Texas

Stonemont Financial Sells 218,000 SF Industrial Building in North Fort Worth

by Taylor Williams November 8, 2023

FORT WORTH, TEXAS — Atlanta-based investment and development firm Stonemont Financial Group has sold a newly built, 218,000-square-foot industrial building in North Fort Worth. Dot Foods purchased the building for an undisclosed price, and its subsidiary, OmniCable, will become the facility’s new tenant. Blaine Kelly of CBRE represented OmniCable and Dot Foods in the transaction. Becky Thompson of Lee & Associates represented Stonemont. The deal was finalized before the completion of construction, which began in mid-2022.

November 8, 2023

Industrial Leasing Activity Texas

Colliers Negotiates 131,112 SF Industrial Lease in Metro Houston

by Taylor Williams November 8, 2023

MISSOURI CITY, TEXAS — Colliers has negotiated a 131,112-square-foot industrial lease at Cravens Logistics Center, a 249,370-square-foot development located in the southwestern Houston suburb of Missouri City. The newly built facility sits on 17.6 acres and features 36-foot clear heights, 180-foot truck court depths and 49 trailer parking spaces. John Nicholson of Colliers represented the landlord, Johnson Development, in the lease negotiations. The tenant was mattress and bedding products provider Nap Queen.

November 8, 2023

Leasing Activity Office Texas

Group 1 Automotive Signs 45,330 SF Office Lease in West Houston

by Taylor Williams November 8, 2023

HOUSTON — Car dealership Group 1 Automotive has signed a 45,330-square-foot office lease at Town Centre Two, a 167,141-square-foot building that is under construction in West Houston. Bob Cromwell and Kevin Nolan internally represented the landlord, Moody Rambin, in the lease negotiations. Andrew Iversen, Joshua Brown and Audrey Selber of Newmark represented the tenant. Town Centre Two, which is scheduled to be complete before the end of the year, is now 68 percent preleased.

November 8, 2023

Leasing Activity Oklahoma Restaurant Retail Texas

Veritas Adds Three New Retailers at Oklahoma City Mixed-Use Development

by Taylor Williams November 8, 2023

OKLAHOMA CITY — Veritas Development has added three new retailers to the tenant roster at OAK, a 20-acre mixed-use project in Oklahoma City. Kitchenware and home furnishings retailer Williams Sonoma will open a 5,500-square-foot store. Tommy Bahama Marlin Bar will open an 8,000-square-foot restaurant and bar, and Pottery Barn has committed to a 12,420-square-foot space. The retailers, which join tenants such as Mesero, RH, Arhaus and Capital Grille, all plan to debut in fall 2024.

November 8, 2023

Industrial Leasing Activity Texas

Colliers Secures 118,258 SF Industrial Lease in Metro Houston

by Taylor Williams November 7, 2023

MISSOURI CITY, TEXAS — Colliers has secured a 118,258-square-foot industrial lease at Cravens Logistics Center, a 249,370-square-foot development located in the southwestern Houston suburb of Missouri City. The newly built facility sits on 17.6 acres and features 36-foot clear heights, 180-foot truck court depths and 49 trailer parking spaces. John Nicholson of Colliers represented the landlord, Johnson Development, in the lease negotiations. The tenant was medical supplies provider Optimal & Medpro.

November 7, 2023

Leasing Activity Retail Texas

Desi Brothers Farmers Market to Open 47,814 SF Grocery Store in Metro Austin

by Taylor Williams November 7, 2023

ROUND ROCK, TEXAS — Desi Brothers Farmers Market will open a 47,814-square-foot grocery store at Round Rock Crossing on the northern outskirts of Austin. Britt Morrison and Nick Naumann of Weitzman represented the undisclosed landlord in the lease negotiations. Michael DuBois of Dallas-based Pride Commercial Properties represented Desi Brothers. Other tenants at Round Rock Crossing include Target, Best Buy, Michaels and Salons by JC. The opening is slated for some time next year.

November 7, 2023

Leasing Activity Office Texas

Meritage Homes Signs 17,899 SF Office Lease Renewal in Houston

by Taylor Williams November 7, 2023

HOUSTON — A subsidiary of national homebuilder Meritage Homes (NYSE: MTH) has signed a 17,899-square-foot office lease renewal at Reserve at Westchase, a 194,919-square-foot building in Houston’s Westchase District. Jack Scharnberg and John Heard of Transwestern represented the undisclosed landlord in the lease negotiations. Neil Elliott, Dustin Cruz and Lawson Martin of Cresa represented the tenant. Reserve at Westchase is currently undergoing a capital improvement program to upgrade the lobby and other common areas.

November 7, 2023

Acquisitions Retail Texas

Cypressbrook Negotiates Sale of 13,585 SF Single-Tenant Retail Building in West Houston

by Taylor Williams November 7, 2023

HOUSTON — Locally based brokerage firm Cypressbrook Co. has negotiated the sale of a 13,585-square-foot retail building in West Houston. According to LoopNet Inc., the single-tenant property at 5226 Elm St. was originally built in 1998. George Montes of Cypressbrook represented the seller, a limited liability company, in the transaction. Craig Appleby of Remax Fine Properties represented the seller, Redfish Management LLC.

November 7, 2023

Acquisitions Retail Texas

Partners Real Estate Brokers Sale of 12,970 SF Retail Building in San Antonio

by Taylor Williams November 7, 2023

SAN ANTONIO — Partners Real Estate has brokered the sale of a 12,790-square-foot retail building in San Antonio. According to LoopNet Inc., the building at 2714 West Ave. was originally constructed in 1978. Landan Dory of Partners represented the seller, an entity doing business as HW West Ave LP, in the transaction. Roxana Tofan of Clear Integrity Group represented the undisclosed buyer.

November 7, 2023

Newer Posts

Older Posts