HOUSTON AND STAFFORD, TEXAS — Brennan Investment Group LLC has acquired a six-building industrial portfolio totaling 132,997 square feet in Houston and Stafford. The buildings are located at 8600 to 8850 Jameel Road in Houston, and 12705 S. Kirkwood Road in Stafford. The properties consist of office and warehouse space.
DALLAS — Bright Realty has brokered the lease for a new Wingstop in Dallas. The 1,781-square-foot restaurant will be located at the intersection of Preston Road and Frankford Road. Britton Lankford of Bright Realty represented the tenant in the transaction.
COLLINSVILLE AND CUSHING, OKLA. — Stan Johnson Co. has completed the sale of a portfolio leased to Victory Energy. Triple Net Acquisitions purchased the portfolio for $9.3 million in Oklahoma. The site in Collinsville includes Victory Energy’s Class A corporate headquarters. The property in Cushing operates as a manufacturing and distribution facility. Both Victory Energy properties are located in metro Tulsa, an area that accounts for nearly one-third of the manufacturing in Oklahoma and over 56,000 energy-related jobs. The sale-leaseback proceeds will support Victory Energy’s plan for an additional 101,000-square-foot facility. Camille Renshaw of Stan Johnson Co.’s New York office represented the seller in the sale of the portfolio.
AUSTIN, TEXAS — Tony Talamas of BMC Capital’s Houston office has arranged a $6 million loan for the cash-out refinancing of a single-tenant property leased to a credit tenant in Austin. The loan was placed with one of BMC Capital’s correspondent CMBS relationships. The non-recourse loan features a 10-year, fixed-rate term with a 4.96 percent interest rate and 30-year amortization schedule.
HOUSTON — Thor Equities has begun construction on the Kirby Collection, a mixed-use development at 3200 Kirby Drive in Houston. The 1 million-square-foot project features a 25-story, 385,000-square-foot residential tower. The residential building includes 199 apartments including seven two-story townhomes, along with seven two-story loft spaces with private yards. The residences will overlook a deck with over an acre of amenities including a pool with cabanas, fire pits and a bar area. The penthouse level will feature a Skyview Suite available to all residents, offering a chef’s kitchen and views of the Houston skyline. Kirby Collection’s will also include a 13-story, 210,000-square-foot Class A office building is near Houston’s central business district, the Galleria/Uptown district, Greenway Plaza and the Texas Medical Center. Two levels of retail space totaling 65,000 square feet are also part of the development, which is scheduled to open in the fourth quarter of 2017. Richard Keating Architecture is the design architect for the Kirby Collection, and Dianna Wong Architecture + Design is the interior designer. Houston-based Kirksey is the architect of record.
FORT WORTH, TEXAS — StreetLevel Investments and ShowBiz Cinemas will open a 65,000-square-foot entertainment complex in the spring of 2017. Located near the intersection of Chisholm Trail Parkway and McPherson, the entertainment center will include 10 cinema auditoriums, 14 bowling lanes and a game room. The auditoriums will feature 70-foot wall-to-wall and floor-to-ceiling screens, surround sound and leather reclining chairs. Showbiz Cinema will also offer special events and provide party facilities for sporting events, college programs, local school programs and community gatherings.
FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of Bellagio Townhomes, a 68-unit apartment property located in Fort Worth. Robert Denninger and Scott Ogilvie of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Ogilvie also procured the buyer, another limited liability company. Bellagio Townhomes is located at 3064 Las Vegas Trail, less than two miles east of West Loop 820 South. Built in 1968 and renovated in 2013, the asset is located on 3.2 acres and consists of 10 two-story buildings. Bellagio Townhomes offers five floor plans, with 24 one-bedroom/one-bath units spanning 730 square feet, 10 two-bedroom/one-bath units of 950 square feet, eight two-bedroom/two-bath units of 1,050 square feet, 12 three-bedroom/two-bath units of 1,273 square feet and 14 three-bedroom/two-and-one-half bath units of 1,250 square feet.
MISSOURI CITY, TEXAS — HFF has brokered the sale of The Villas at Sienna Plantation, a 190-unit, Class A apartment complex within the Sienna Plantation master-planned community in Missouri City, a southwest suburb of Houston. HFF marketed the property on behalf of the seller, a joint venture between Watermark Residential and Murphy O’Brien. Sun Holdings Group purchased the asset for an undisclosed amount free and clear of existing debt. The Villas at Sienna Plantation is located at 8585 Sienna Springs Blvd. within Sienna Plantation, which is a 10,000-acre golf course community situated just off State Highway 6 in Missouri City. The community is 12 miles from Sugar Land, 18 miles from the Texas Medical Center and 23.5 miles southwest of downtown Houston. Completed in 2015, the two-story community spans 12 acres and includes one-, two- and three-bedroom floor plans averaging 1,103 square feet. Community amenities include a swimming pool, grilling area, fitness center, dog park, clubhouse, conference room and game room. Todd Marix, Todd Stewart, Chris Curry and JC Clemens led the HFF investment sales team representing the seller.
LAKE JACKSON, TEXAS — Dallas-based Centennial Real Estate Co., in partnership with Atlantic Creek Real Estate Partners and The North Shore Properties Group, have acquired Brazos Mall, a 680,951-square-foot enclosed mall in Lake Jackson, 50 miles south of Houston. Built in 1976, Brazos Mall is the only enclosed retail center in the Brazosport area. The trade area is home to corporations including Dow Chemical, Chevron, Phillips 66 and BASF Corp. Brazos Mall is 92 percent occupied and features retailers such as JC Penney, Victoria’s Secret, Rue 21, Aeropostale, American Eagle Outfitters, Hot Topic, Ross Dress For Less and a new 14-screen Starplex Cinema. Brazos Mall is located at the intersection of Highway 288 and Oyster Creek Drive.
HOUSTON — Houston-based Baker Katz has completed a 7,000-square-foot lease on behalf of Uncle Julio’s. Uncle Julio’s will be located near the intersection of I-10 West and Westgreen Boulevard. The restaurant serves Mexican food, and the opening is slated for Feb. 15, 2016. Jason Baker of Baker Katz represented Uncle Julio’s in the transaction. Vincent Giammalva of Giammalva Interests represented the undisclosed landlord. Founded in 1986, Uncle Julio’s has grown to include more than 20 locations in the U.S.