RICHLAND HILLS, TEXAS — Henry S. Miller Brokerage (HSM) has negotiated the sale of the former All About Autos & North Hills Body Shop, a 30,2000-square-foot facility in the Fort Worth suburb of Richland Hills. Situated on three acres at 3925 Booth Callloway Road and built in 1986, the property features 36 service bays. Bill Bledsoe of HSM represented the seller, J&H Associates LP, in the transaction. John Lucas of KW Commercial represented the buyer, Steve’s Auto Repair.
FARMERS BRANCH, TEXAS — Colliers International has arranged the sale of Hutton Court, an industrial property in the Dallas-Fort Worth metro of Farmers Branch. The property, which was 87 percent occupied at the time of sale, features 52,613 square feet of office and warehouse space. Lizzy Blake of Colliers represented the seller, Utah-based Mountain West Industrial LLC. Dallas-based Frontier Equity LLC purchased the asset for an undisclosed price.
HUMBLE, TEXAS — Dallas-based investment firm STRIVE has brokered the sale of a 3,583-square-foot retail freestanding retail property in the northern Houston suburb of Humble. Leased to Taco Cabana, the property is an outparcel to a Super Target retail center. Kyle Rozell and Anthony Pucciarello of STRIVE represented the seller, a California-based private investor, and procured the buyer, a Houston-based private investor.
SHERMAN, TEXAS — The Sherman Economic Development Corp. (SEDCO) and Thea Development LLC have announced plans for Cassini Gateway I, a campus capable of accommodating more than 1 million square feet of data center space. The campus will be housed within Progress Park, a 3,300-acre industrial park in the North Texas city of Sherman. The project is expected to draw capital investment in excess of $1 billion and create approximately 300 construction jobs and 150 engineering and technology jobs over five years.
BURLESON, TEXAS — Marcus & Millichap has arranged the sale of Dolce Living Burleson, a 240-unit multifamily community in Burleson, a city roughly 15 miles south of Fort Worth. Built in 2013 on 6.5 acres about five miles west of the Interstate 35 interchange, the property’s units average approximately 1,000 square feet. Will Balthrope, Drew Kile and Joey Tumminello of Marcus & Millichap represented the seller and procured the buyer in the transaction.
HOUSTON — Casa Solace Memory Care has received a $7 million construction loan for a new memory care facility on Space Center Boulevard in Houston. The first phase of construction will deliver a 36-bed facility and a community center totaling 25,600 square feet. Upon completion, the project will feature 90 beds for assisted living and memory care. Kevan McCormack of Metropolitan Capital Advisors Ltd. arranged the loan through an unspecified local bank.
CANTON, TEXAS — Dallas-based investment firm STRIVE has brokered the sale of Trader’s Square Shopping Center, a 57,920-square-foot retail asset located at 301 State Highway 243 in Canton, a city about 60 miles east of Dallas. The center was 79 percent leased at the time of sale to tenants such as GameStop, Nail Depot and It’s Fashion. Bryce Gissler, Will Merritt and James Mangum of STRIVE represented the seller, a Texas-based investment firm, in the transaction. Other terms of sale were not released.
PEARLAND, TEXAS — NAI Partners has arranged the sale of 4155 S. Main St., a 30,500-square-foot, crane-served industrial property situated on 8.4 acres in the Houston metro of Pearland. Clay Pritchett of NAI Partners represented the buyer, DMP Acquisition Fund LLC, in the transaction. Walter Menuet of Colliers represented the seller, Cornerstone Bank.
BAYTOWN, TEXAS — Avera Cos. will build a 500,000-square-foot, built-to-suit distribution facility in the Houston metro of Baytown for Vinmar International, a petrochemical marketer and distributor. The project will include 10,000 linear feet of rail with four separate lines. NAI Partners represented TGS Cedar Port Partners LP in the sale of the 40 acres on which the center will be developed.
ARLINGTON, TEXAS — Onward Investors, a Minnesota-based investment and development firm, has sold Arbors at Brookhollow, a 114,421-square-foot office property located at 2201 E. Lamar Blvd. in Arlington. Built in 1999, the two-story building currently houses tenants such as Farmers Insurance Group, Ascension Capital and Weir & Associates. Mike Hardage and Matthew Otte of Transwestern represented Onward Investors in the transaction. Arbor Hui LLC purchased the property for an undisclosed price.
