Texas

Piattello Italian Kitchen to Open in Waterside Mixed-Use Development

by Haisten Willis March 17, 2016

FORT WORTH, TEXAS — Marcus Paslay, chef and owner of Clay Pigeon, will open his second restaurant, Piattello Italian Kitchen, this fall in Fort Worth’s Waterside mixed-use development. Piattello will feature a seasonal menu. Paslay’s take on Italian fare will include pastas as well as pizzas from a wood-burning oven. In the mornings, part of the restaurant will be open as Piattello Coffee Bar. The restaurant will span 5,300 square feet with a covered patio. Mitchell Garman Architects of Dallas will design the interior.

March 17, 2016

Industrial Texas

Ridge Development to Build 1.6M SF Industrial Park in Arlington

by Haisten Willis March 16, 2016

ARLINGTON, TEXAS — Ridge Development, the industrial development arm of Transwestern Development Co., will break ground in the second quarter of 2016 on Park 20/360, a speculative, 1.6 million-square-foot industrial park in Arlington. The location feeds into the Great Southwest Industrial District, one of the largest individually platted industrial districts in the country. A joint venture between Invesco and Ridge Development owns the 119-acre project. Phase I will consist of four buildings totaling 1.2 million square feet and is expected to be complete in the first quarter of 2017. Phase II will also include four buildings and will total 356,060 square feet. It is scheduled to break ground in the third quarter of 2017 and be completed in the second quarter of 2018. Transwestern’s Joe Rudd and John Brewer are providing leasing services. Park 20/360’s buildings will accommodate users from 20,000 square feet to 715,000 square feet. Alliance Architects Inc. is the project’s architect, Pacheco Koch Consulting Engineers is the civil engineer and Professional Services Industries Inc. will handle geotechnical and environmental aspects of the project.

March 16, 2016

Industrial Texas

Conor, USAA Complete Phase I of 349,000 SF Industrial Development in Metro Houston

by Haisten Willis March 16, 2016

MISSOURI CITY, TEXAS — Conor Commercial Real Estate and joint venture partner USAA Real Estate Co. have completed Phase I of Gateway Southwest Industrial Park. The multi-building development is located in Missouri City, a southwest suburb of Houston. Situated on 36 acres at the interchange of Beltway 8 and U.S. 90 Alternate, the business park provides visibility along both highways. Phase I includes two Class A, speculative industrial buildings designed to provide warehouse and distribution services for single- or multi-tenant configurations. Building 1 is a 131,560-square-foot facility with 28 dock doors and divisibility to 31,460 square feet. The 217,440-square-foot Building 2 offers a cross-dock design with 66 dock doors and tenant suites from 54,360 square feet. Phase II of Gateway Southwest Industrial Park will consist of Building 3, located on a site that can accommodate up to 176,800 square feet. Edward Bane and Jon Michael of Bridge Commercial Real Estate represented Conor Commercial/USAA Real Estate in the land acquisition, and serve as marketing agents at the new industrial business park. Cadence McShane Construction Co. and Powers Brown Architecture provided the design/build construction services.

March 16, 2016

Healthcare Office Texas

Stream Realty Arranges Sale of 6,000 SF Medical Office Building in San Antonio

by Haisten Willis March 16, 2016

SAN ANTONIO — Stream Realty Partners has arranged the sale of a 6,000-square-foot medical office building located at 21708 Hardy Oak Blvd. in the far north-central submarket of San Antonio. Michael Kent of Stream Realty represented the seller, LAIT Texas LLC, in the transaction. The property was built in 2001 and tenants include Physical Therapy and Birth Center Stone Oak. The building is near North Central Baptist and Stone Oak Methodist hospitals, with access to Loop 1604 and Highway 281.

March 16, 2016

Retail Texas

MB Retail Associates Purchases Land for Retail Development Near Houston

by Haisten Willis March 16, 2016

MONT BELVIEU, TEXAS — MB Retail Associates has purchased 41 acres for a retail development in Mont Belvieu, 30 miles east of Houston. MB Retail is a joint venture between Houston-based Fidelis Realty Partners and San Antonio-based H-E-B. The site is located at the northwest corner of I-10 and FM 3180 and is within a mixed-use district. The retail development will total 285,000 square feet and will include an 84,000-square-foot H-E-B grocery store. The city of Mont Belvieu was the seller, and Shaw Commercial Properties was the broker of record.

March 16, 2016

houston-heights-retail-redevelopment-1803-ella-boulevard

Retail Texas

M&M Arranges Sale of 12,050 SF Retail Property in Houston

by Haisten Willis March 16, 2016

HOUSTON — Marcus & Millichap has arranged the sale of Houston Heights Retail Redevelopment, a 12,050-square-foot retail property in Houston. Gus Lagos and Evan Altemus of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a partnership. Altemus and Lagos also procured the unnamed buyer. Houston Heights Retail Redevelopment is located at 1803 Ella Blvd.

March 16, 2016

Galleria-office-Towers-renovation-cbre-dallas

Office Texas

CBRE Global Investors to Launch $19M Renovation of Galleria Office Towers in Dallas

by Haisten Willis March 15, 2016

DALLAS — CBRE Global Investors will launch a $19 million capital improvement program for the Galleria Office Towers in Dallas. The three Class A office buildings are located on the corner of the Dallas North Tollway and LBJ Freeway and are directly connected to the Westin Galleria Hotel, as well as the Galleria mall. The assets were built between 1982 and 1991 and total 1.4 million square feet. Renovations will include a new parking system that will be the first of its kind at an office building in North America. The system includes license plate recognition technology that provides in and out access, electronic signs that display the number of spaces available on each level and overhead LED lights to alert drivers of open spots on each row. Other improvements include new tenant lounges at each building, multiple conference centers, an expanded fitness center and renovations to the lobbies, common corridors, restrooms and elevator cabs. CBRE Global Investors owns the buildings, which include tenants such as MetLife, Merrill Lynch and Ryan Cos. Celeste Fowden, Shannon Brown and Kenzie Killgore of CBRE’s Dallas office are the leasing agents for the Galleria Office Towers. The properties are managed by CBRE under the direction of …

March 15, 2016

Multifamily Texas

IPA Arranges Sale of Apartment Complex in Metro Dallas

by Haisten Willis March 15, 2016

BURLESON, TEXAS — Institutional Property Advisors (IPA) has arranged the sale of The Reserve at Village Creek, a 191-unit apartment community in Burleson. Will Balthrope, Drew Kile and Rowan Burch of IPA represented the seller and procured the buyer in the transaction. Built in 2012, the property is located at 444 E. Renfro St., with visibility and frontage on I-35. Texas Health Hughley Hospital is located three miles from the property and Alcon Laboratories, a manufacturer of eye care products, is six miles away. Apartments at The Reserve at Village Creek feature black appliances, island-style kitchens with granite countertops and washers and dryers. Community amenities include a fitness center and a swimming pool.

March 15, 2016

Industrial Loans Texas

NorthMarq Secures $4.4M Refinancing of Lone Star Self-Storage in Metro Dallas

by Haisten Willis March 15, 2016

ROWLETT, TEXAS — Bart Dickinson of NorthMarq Capital’s Dallas office has secured the $4.4 million, 25-year refinancing of Lone Star Self-Storage, an 86,249-square-foot self-storage facility located in Rowlett. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

March 15, 2016

20221-Carriage-Point-Drive-houston-texas

Industrial Texas

Lee & Associates Negotiates Sale of Industrial Property in Houston

by Haisten Willis March 15, 2016

HOUSTON — Carriage Point Mango has purchased a 27,000-square-foot industrial facility located at 20221 Carriage Point Drive in Houston. Patrick Wolford and Ryan Searle of Lee & Associates Houston represented the seller, 1705163 USA Inc., in the transaction. Mike Whitsell of Mike Whitsell & Associates LLC represented the buyer.

March 15, 2016

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