HOUSTON — USA Insulation has opened its first Texas location at 6868 N. Loop E. in Houston. The 3,433-square-foot space expanded the total corporate franchise count to 16 locations across the United States. John Wenckens of Newcor Commercial Real Estate represented the tenant. USA Insulation installs residential home insulation using methods ranging from blown-in attic insulation to injection foam insulation that can be injected or pumped into exterior walls, crawl spaces and foundations. Kelly Landwermeyer with Holt Lunsford Commercial represented the landlord, CenterPoint Properties.
IRVING, TEXAS — Marcus & Millichap has arranged the sale of Crescent Ridge, a 51-unit apartment property located in Irving. Ford Braly of the Silva multifamily team in Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, an individual California investor. Juan Cuevas and Lucas Fertitta of Marcus & Millichap’s Houston office secured the buyer, a private out-of-state investor. Crescent Ridge is located at 506 N. Rogers Road along Irving Boulevard. The property was built in 1964 on a concrete slab foundation and has wood framing with a brick veneer exterior. Units average 795 square feet. Amenities include a courtyard with barbeque grills and a picnic area, laundry facilities and an onsite leasing office.
OKLAHOMA CITY, OKLA. — Sam’s Club will officially open the doors of its newest location Thursday, March 3, in Oklahoma City. Doors open at the 4101 N. May Ave. location at 8 a.m. Prior to the public grand opening, the company will host a business appreciation event for customers. Walmart founder Sam Walton opened the first Sam’s Club in 1983 in Midwest City, Okla., with the idea that small business owners deserved the same access to warehouse prices as big businesses. More than 650 Sam’s Club locations are in operation today.
AUSTIN, TEXAS — ClearDATA, which is a health care cloud-computing software and service provider, has leased 10,536 square feet of office space at the Scarbrough Building, located at 522 Congress Ave. in Austin. Jason Steinberg and Matt Levin of ECR represented the unnamed landlord. Keith Zimmerman with Oxford Commercial represented the tenant.
HOUSTON — Gracie Barra Heights, a Brazilian Jiu-Jitsu association with over 500 schools on six continents, has leased 22,500 square feet of retail space at 4721 N. Main St. in Houston from Braun Enterprises. Josh Friedlander of NewQuest Properties represented the tenant. John Delarosa of Vanguard Commercial Group represented the landlord.
DALLAS — Swagit Productions, which specializes in streaming media for government and TV stations, has leased 22,618 square feet of office space at North Central Plaza III, located at 12801 Central Expressway in Dallas. Kent Smith of NAI Robert Lynn negotiated the lease with Laura Maczka and Mark Jordan of JP Realty Partners / Sooner Management.
DALLAS — The Beck Group has broken ground on a 43,770-square-foot aquatics center at Southern Methodist University in Dallas. Designed by Brinkley Sargent Wiginton Architects, the new facility will be located on SMU’s East Campus next to a DART rail line. The aquatics center will provide facilities for practice, competition and community use. The two-story collegiate competition swimming and diving center will be designed to emulate the Georgian style of the main campus with an Olympic-sized, eight-lane indoor pool; diving platform well with four springboards and a 10-meter tower for training and competition; fixed bleacher seating for 800 spectators; men’s, women’s and visitor locker rooms; meeting space and classrooms; and coaches’ offices. Construction of the aquatics center is scheduled to begin in March and will be complete in August 2017.
DALLAS — Construction has begun on Residence Inn Dallas/Southwest – Oak Cliff. Scheduled to open in mid-2017, the development will be a 103-room all-suite hotel located in the Canyon in Oak Cliff, a mixed-use development near the intersection of I-30 and North Westmoreland Road. The Canyon in Oak Cliff is a 200-acre development that will have 7,500 residential units, 1.2 million square feet of office space and 800,000 square feet of retail. Two multifamily communities totaling 290 units have already completed construction. The four-story hotel will contain a fitness center, pool, lobby market and 600 square feet of meeting space. Amenities include complimentary breakfast, free Wi-Fi and evening social events. Each unit will include a full kitchen with dining bar, bathroom with walk-in shower, sofa and desk. Civitas Capital Group and Atlantic Hotels Group are co-developing the project, and the property will be managed by an affiliate of Atlantic Hotels. Centennial Bank is providing senior financing for the project, and Civitas Capital is providing a mezzanine loan. EJES is the architect on the project, and Shahzay Construction is the general contractor.
ROUND ROCK, TEXAS — Brennan Investment Group has purchased a 200,411-square-foot vacant industrial facility previously occupied by Sysco Foods. The facility, located in Round Rock, will be redeveloped into a food processing facility. The project involves converting the building into food preparation space, as well as other upgrades. The property is a Class B cold storage and distribution center, but will be converted into a Class A food process facility upon completion. Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops and operates industrial properties in major metropolitan markets throughout the United States.
MCALLEN, TEXAS — Marcus & Millichap has arranged the sale of Crossings Apartments, a 62-unit apartment property located at 1401 Dove Ave. in McAllen. Mike Moffitt Jr. of Marcus & Millichap’s Austin office and William Stover Jr. with the firm’s San Antonio office marketed the property on behalf of the seller, a private investor. Moffitt and Stover also secured the buyer, a partnership. Built in 1979, Crossings Apartments includes 16 one-bedroom units spanning 639 square feet, and 46 two-bedroom units spanning 780 square feet.