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RetailTexas

Endeavor Signs 270,000 SF in Retail Leases at The Parke in Metro Austin

by Haisten Willis

CEDAR PARK, TEXAS — Endeavor Real Estate Group has signed leases with more than 20 tenants for its retail project in Cedar Park called The Parke. The property will encompass over 370,000 square feet and include retailers 365 by Whole Foods, Nordstrom Rack, ULTA, DSW, Michael’s, Marshall’s, Dick’s Sporting Goods, Field & Stream, Petco and Tuesday Morning. In total, Endeavor has leased over 270,000 square feet of leases at the project, located on 42 acres off the southwest corner of Highway 183A and New Hope Road. Endeavor broke ground on The Parke in March. The Parke’s grand opening will occur in the second quarter of 2017. More than 129,575 residents live within a five-mile radius of the site.

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RestaurantRetailTexas

Silver Group Arranges Sale of Dairy Queen in Metro Dallas

by Haisten Willis

BENBROOK, TEXAS — The Silver Group has arranged the sale of a single-tenant Dairy Queen restaurant located at 8636 Benbrook Blvd. in the southwest Fort Worth suburb of Benbrook. The property consists of the newly constructed, 3,000-square-foot restaurant on a 1.1-acre parcel. The tenant, Vasari LLC, operates several Dairy Queen locations. The property is situated between Panda Express and Jack in the Box and is one block from CVS/pharmacy, Walgreens, Walmart and McDonald’s. The triple net lease had a new 20-year term commencing on the closing date. Greg Cunha of The Silver Group represented the family trust, which bought the property utilizing a tax-deferred exchange.

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RestaurantRetailTexas

Pierson Retail Advisors Negotiates Sale of Starbucks in Wichita Falls

by Haisten Willis

WICHITA FALLS, TEXAS — Pierson Retail Advisors (PRA) has negotiated the sale of a 1,935-square-foot, single-tenant Starbucks located in Wichita Falls. PRA represented the seller, Truity Capital LLC. An out-of-state buyer purchased the asset for an undisclosed price. Starbucks recently expanded its footprint by 40 percent and renewed its lease for 10 years. Starbucks has been at the location on the southeast corner of Kemp and Kell boulevards since 2003. The entire team at PRA in Dallas handled the sale.

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IndustrialTexas

Central Tube and Bar Expands Operations in Waco

by Haisten Willis

WACO, TEXAS — Central Tube and Bar will expand its operation into the greater Waco area by adding 20 employees at a 40,000-square-foot facility, making it the largest tube laser operating in Texas. The Conway, Ark.-based company will officially open April 25. Central Tube and Bar has locations in Conway and Tulsa, Okla. The company started in 1997 at the Arkansas location and added the Oklahoma facility in 2003. The Texas location will allow Central Tube and Bar to extend its reach further into the southwest region.

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IndustrialTexas

Multi-Shot Renews Industrial Lease in Fort Worth

by Haisten Willis

FORT WORTH, TEXAS — Multi-Shot LLC has renewed a 30,348-square-foot lease in Carter Business Center, a Class A warehouse in Fort Worth. Nick Talley of Dallas-based Bradford Commercial Real Estate Services represented the landlord, TA Realty Associates Fund X LP, in the deal. The two-building, 120,728-square-foot project at 7821 Will Rogers Blvd. is fully leased. Multi-Shot, a Houston-based oil and gas firm, was the first tenant in Carter Business Center, which was developed in 2005 within the 950-acre Carter Business Park. The development is near the intersection of Will Rogers and Everman parkways.

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LoansMultifamilyTexas

Grandbridge Arranges $67.6M Loan for Apartment Complexes in Austin, Dallas

by Haisten Willis

AUSTIN and DALLAS, TEXAS — Grandbridge Real Estate Capital has closed a $67.6 million refinancing loan secured by 947 units in three multifamily properties: Camden Amber Oaks I and II in Austin and Camden Design District in Dallas. The initial funding is part of a Fannie Mae master credit facility agreement for Camden Multifamily Value Add Fund LP, an affiliate of Camden Property Trust. The Fannie Mae master credit facility, arranged by Grandbridge’s Houston-based senior vice president Greg Young, could refinance up to $275 million of the value add fund’s outstanding debt. Funding for the $67.6 million non-recourse loan was arranged through Fannie Mae’s structured adjustable rate mortgage loan product and features interest-only payments during the 10-year term.

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IndustrialTexas

Sealy Acquires 615,005 SF Distribution Center in Fort Worth

by Haisten Willis

FORT WORTH, TEXAS — Sealy & Co. has acquired Carter Distribution Center, a 615,005-square-foot, Class A warehouse facility situated on more than 27 acres at 6601 Oak Grove Road in Fort Worth. The acquisition was made on behalf of Sealy Strategic Equity Partners (SSEP). Carter Distribution Center was built in 2008 and features 32-foot clear heights, 89 trailer parking spaces and an ESFR sprinkler system. The property is rail served on the north side by the Union Pacific Rail line via the Fort Worth Western Rail Road. The asset is also located near the intersection of I-35 and I-20.

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RetailTexas

M&M Arranges Sale of 23,760 SF Retail Property in Huntsville

by Haisten Willis

HUNTSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Huntsville Crossing Shopping Center, a 23,760-square-foot retail property located in Huntsville. Glen Kunofsky, Russell Wachtler and Jerry Goldstein of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. A California buyer purchased the shopping center utilizing a 1031 tax-deferred exchange. Tenants include Buffalo Wild Wings, Chipotle Mexican Grill, Mattress One and Spec’s Liquor.

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OfficeTexas

Oldham Goodwin Group Opens New Office Location in San Antonio

by Haisten Willis

SAN ANTONIO — Oldham Goodwin has opened a new office in San Antonio. This marks the second office expansion in the company’s history. Steve Monroe will be leading the brokerage efforts for Oldham Goodwin Group’s San Antonio office. Steve’s responsibilities include managing the brokerage division of the new office, as well as growing the San Antonio/South Texas office in terms of personnel and property listings for sales, leasing and property management. Steve boasts more than 25 years in the commercial real estate industry. Most of that time was spent with CBRE, where he served as an investment properties specialist and as a managing director responsible for company operations in New Mexico and California. Oldham Goodwin’s new office is located at 1100 N.W. Loop 410, Suite 700. The new office will offer the same services as the corporate headquarters located in Bryan. Services offered will include brokerage, development, management and investment services.

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