Texas

American Tire Distributors to Open 756,000 SF Distribution Center in Fort Worth

by Amy Works November 15, 2016

FORT WORTH, TEXAS — American Tire Distributors plans to open a 756,000-square-foot regional distribution center at Alliance Gateway 60. The facility is situated within the 18,000-acre, master-planned, mixed-used AllianceTexas development in Fort Worth. Adam Faulk and Ryan Browder of Jackson Cooksey represented American Tire Distributors, while Tony Creme and Bill Burton provided in-house representation for the owner, Hillwood Properties, in the deal. American Tire Distributors is expected to move into the building in early 2017.

November 15, 2016

ARA Newmark Arranges Sale of Four Student Housing Properties in Texas

by Amy Works November 15, 2016

AUSTIN, TEXAS — ARA Newmark’s Student Housing Group based in Austin has arranged the sale of four student housing properties located in Texas. Dispositions include Rio West, a 388-bed community located near the University of Texas in Austin; Javelina Station, a 360-bed community located near Texas A&M-Kingsville in Kingsville; Brook Place, a 534-bed community located near Sam Houston State University in Huntsville; and The Timbers, a 253-bed community located near Texas State University in San Marcos. North Star Asset Management Co. sold Rio West to Columbus Nova, with Coastal Ridge Real Estate as its operating partner. Oldham Goodwin Group sold Javelina Station to Houston-based ApexOne Investment Partners. ApexOne Investment Partners sold Brook Place to Campus Advantage. University Communities sold The Timbers to Jacobson Cos. Ryan Lang of ARA Newmark represented the sellers in each of the transactions.

November 15, 2016

Mixed-Use Office Retail Texas

Marcus & Millichap Facilitates Sale of 52,305 SF Land Parcel in Houston

by Amy Works November 15, 2016

HOUSTON — Marcus & Millichap has arranged the sale of a land parcel located at 2401 N. Shepherd Drive in Houston. Braun Enterprises acquired the 52,305-square-foot site for an undisclosed price. The property is located across from HEB’s potential new location in the Houston Heights area. Justin Miller and Derek Hargrove of Marcus & Millichap represented the seller, a local family partnership, while Miller, Hargrove and David Hansen, also of Marcus & Millichap, represented the buyer in the transaction.

November 15, 2016

Office Texas

WeWork Leases 84,000 SF of Office Space at Thanksgiving Tower in Dallas

by Amy Works November 15, 2016

DALLAS — WeWork has leased 84,000 square feet of office space at Thanksgiving Tower in Dallas from Woods Capital. WeWork, which offers collaborative work spaces for teams of any size, plans to occupy three floors of the newly renovated office tower in spring 2017. Dallas-based Woods Capital acquired Thanksgiving Tower in 2013 and since then has implemented a more than $35 million renovation program at the property.

November 15, 2016

Industrial Texas

Stream Realty Partners Brokers Two Industrial Sales in Texas Totaling 19,344 SF

by Amy Works November 15, 2016

ARLINGTON AND IRVING, TEXAS — Stream Realty Partners has arranged two sales of industrial properties in Texas totaling 19,344 square feet. In the first deal, Howell Properties LLC sold a 12,344-square-foot warehouse property located at 2901 Galleria Drive in Arlington to NP Arlington Industrial LLC for an undisclosed sum. Matt Dornak and Luke Davis of Stream Realty Partners represented the seller, while Coy E. Garrett & Associates represented the buyer in the transaction. In the second deal, Midnight Mechanics Inc. acquired a 7,000-square-foot industrial property located at 1720 Peters Road in Irving from BLJC PPTIES LCC for an undisclosed price. Hanes Chatham of Stream Realty Partners represented the buyer, while Henry S. Miller Brokerage represented the seller in the transaction.

November 15, 2016

Loans Multifamily Student Housing Texas

ARA Newmark Secures $22.2M Construction Loan for Student Housing Community in Houston

by Amy Works November 14, 2016

HOUSTON — ARA Newmark has secured a $22.2 million construction loan for The Icon, a 380-bed student housing development located within walking distance of the University of Houston campus. David Schwarz and Spencer Hough of ARA Newmark secured the loan on behalf of the borrower, Tier One Group, through an undisclosed regional debt fund. The five-story property will feature a resort-style pool, business center, conference room, game room, lounge area, fitness center, fire pit and a covered outdoor bar with gas grills and a refrigerator. Tier One expects to deliver the project in time for fall 2017 classes.

November 14, 2016

Retail Texas

Cypress Equities Opens 12.7-Acre Crystal Falls Town Center in Leander, Texas

by Amy Works November 14, 2016

LEANDER, TEXAS — Cypress Equities has opened Crystal Falls Town Center, a 12.7-acre retail center located at the corner of Lakeline Boulevard and Crystal Falls Parkway in Leander. A 63,182-square-foot Randalls Food Market anchors the 93,642-square-foot center. Additional tenants include Orange Theory Fitness, Jack Brown Cleaners, La Bella Nails and Spa, ABC Liquor, Tomlinson’s Feed, Cost Cutters, GNC and Apple Springs Family Dentistry. SRS Real Estate Partners has been retained to lease the property.

November 14, 2016

Retail Texas

Venture Commercial Completes Sale of 38,000 SF Retail Property in Frisco, Texas

by Amy Works November 14, 2016

FRISCO, TEXAS — Venture Commercial Real Estate has arranged the sale of a single-tenant, net-leased LA Fitness in Frisco. The 38,000-square-foot gym anchors the Frisco Market Center, a 100-acre mixed-use development located at Main Street and Dallas North Tollway. John Zikos, Jonathan Cooper, Christopher Gibbons and Don Miller of Venture Commercial represented the seller, Hermansen Land Development Inc., in the sale. The name of the buyer and the acquisition price were not released.

November 14, 2016

Industrial Texas

Lee & Associates Negotiates 63,000 SF Industrial Lease in McKinney, Texas

by Amy Works November 14, 2016

MCKINNEY, TEXAS — Lee & Associates has arranged a 63,000-square-foot lease expansion and extension for Popular Ink at 2040 Redbud Drive in McKinney. Popular Ink offers custom flexible packaging printing for a variety of products, including sleeves, boxes, pouches and labels. Brett Lewis, George Tanghongs and Adam Graham of Lee & Associates represented the landlord, Dalfen, while Carey Cox Co. represented the tenant in the transaction.

November 14, 2016

Office Texas

Stream Energy Relocates to 55,226 SF Office Space in Dallas

by Amy Works November 14, 2016

DALLAS — Stream Energy has relocated to 55,226 square feet of office space located at 14675 Dallas Parkway in Dallas. Stream Energy is a leading company in energy, connected life services and direct selling. Jon Silberman with NAI Partners, along with Van Power and David Schrock of NAI Robert Lynn, represented the tenant, while the landlord, Cawley Partners, was represented internally by Jeremy Duggins.

November 14, 2016

Newer Posts

Older Posts