Texas

New Tenants Sign on at Castle Hills Village Shops in Metro Dallas

by Haisten Willis August 7, 2015

LEWISVILLE, TEXAS — New tenants have signed on at Castle Hills Village Shops, part of the master-planned Castle Hills community in Lewisville. FroYo Smoo-licious recently opened a 1,026-square-foot store in the Village Shops. Long-time tenant Umi Umi sushi restaurant has moved to a larger space within the shops, adding a hibachi grill to the menu. Re-opening as Kanzi Sushi & Hibachi, the new 2,561-square-foot space added 1,200 square feet to the restaurant, plus a porch for outdoor dining that overlooks Lake Avalon. Kerry Assa of Bright Realty represented the landlord, Bright Realty, in both transactions. Kevin Park, of Coldwell Banker, represented Kanzi Sushi & Hibachi in its upgrade. Sean Conner, who opened PI.E 3.14 Everyday Eatery pizza kitchen in Castle Hills, is opening a second restaurant in the Village Shops. T.B.D. Kitchen is a chef-driven taco concept with craft cocktails that will occupy 1,779 square feet. Conner’s PI.E 3.14, with local chef Brent Hammer, also added more than 200 square feet to its space at the shops. Hammer will also oversee the menu at T.B.D. Kitchen. Assa represented the landlord in these transactions. Al Panigua with Swearingen Realty Group represented the tenant.

August 7, 2015

Newcor Arranges Office Lease in Houston

by Haisten Willis August 7, 2015

HOUSTON — Texoz E&P I, Inc., a subsidiary of Talon Petroleum Limited, has subleased their office space at Three Chasewood in northwest Houston to Huff Energy Holdings. Ryan Dierker with Newcor Commercial Real Estate represented the sublessor, Texoz E&P I, Inc. and the subtenant, Huff Energy Holdings, in the 2,235-square-foot office sublease transaction located at 20405 State Highway 249 in Houston. Newcor is a full-service commercial real estate company headquartered in The Woodlands. With a focus on north Houston and the area around the new Exxon Mobil campus, Newcor is positioned to maximize their clients’ opportunities in and around Houston’s new energy corridor.

August 7, 2015

Office Texas

Karlin Arranges Sale of 1M SF Office/Flex Space in Austin

by Haisten Willis August 7, 2015

AUSTIN, TEXAS — Karlin Real Estate has closed out the 1 million-square-foot first phase of PARMER Technology and Office Park with the sale of Parmer 6.2, a 292,000-square-foot office/flex building, to Casa Marco. Located at 301 Howard Lane, the building is one of three similarly sized institutional quality buildings that make up PARMER’s first phase, known at Sector 6. Karlin acquired the buildings from Dell in December 2012 when the computer maker moved to consolidate its operations to a 350-acre complex in Round Rock. Since then, the Los Angeles-based investor has backfilled 100 percent of the vacant buildings with a variety of companies including GM, Allergan and Met Labs. CBRE’s Mark Emerick and John Barksdale represented both parties in the transactions. Karlin and Dallas-based Trammell Crow Co. are developing the 400-acre technology and office park.

August 7, 2015

Retail Texas

Shop Cos. Arranges Sale of Retail Properties in Metro Dallas

by Haisten Willis August 7, 2015

DALLAS — SHOP Cos. Investment Sales has arranged the sale of three retail properties in metro Dallas totaling 47,476 square feet. Tommy Tucker and Tim Axilrod of SHOP Cos. represented three different sellers in each transaction. The sales included: Custer Plaza, a 29,152-square-foot retail center located in Frisco. At the time of closing, the property was 100 percent leased to tenants including Texas Family Fitness, Subway, Rosatti’s, Asiana Biztro, Life Changing Chiropractic and Serene Dentistry. SHOP Cos. represented the seller, a Dallas-based limited partnership. SHOP Cos. also procured the buyer, a private investor from metro Dallas; Ridgeview Village, a 16,474-square-foot shopping center located in Allen on Watters Road off of its intersection with Highway 121. The property was 100 percent leased to tenants including The Brass Tap, The Cryo Center of Allen, Max Muscle, Nail Trends, Laser Beauty Medical Spa, Shaiwase Japanese Restaurant and S J Lee Taekwondo. SHOP Cos. represented the seller, a Texas limited liability company, and procured the unnamed buyer; Starbucks, a new-construction 1,850-square-foot restaurant as a pad to a new Kroger Marketplace in Granbury. Starbucks signed a 10-year lease and sits along the frontage of U.S. Hwy 377 and FM 4/Acton Highway.

August 7, 2015

Industrial Texas

Alliance Architects Completes Design Services for Industrial Property in Metro Dallas

by Haisten Willis August 7, 2015

DESOTO, TEXAS — Alliance Architects, Inc. has completed design services for a speculative industrial building in DeSoto. Located on 64 acres in USAA Real Estate Co.’s Southfield Park 35, building one totals 1.1 million square feet and is being developed by Seefried Properties. Alliance Architects designed the 157-acre master plan, which features Class A building designs with build-to-suit flexibility and direct access to I-20 and I-35 in south Dallas, for Seefried.

August 7, 2015

Industrial Market Reports Office Retail Texas Texas Market Reports

Dynamic, Fast Growth Comes to the Four-County Area of ‘Rio South Texas’

by Haisten Willis August 7, 2015

It’s safe to say that the Rio Grande Valley, now also referred to as Rio South Texas, is one of the most dynamic and fastest growing regions in the state. The four-county region at the southernmost tip of Texas bordering Mexico and hugging the Gulf of Mexico consists of Hidalgo, Cameron, Starr and Willacy counties. With nine ports of entry, five international airports, a first-class deep water port, a population of over 1.2 million and three interstates, it is easy to see why the Rio Grande Valley is one of the largest trade corridors in the world. Growth in all aspects, including retail, office, medical, education, industrial and housing, brought nearly $700 million in construction permits for all of 2014. Retail Sales tax revenue being sent back to the cities continues to increase at a healthy pace. Walmart’s opening of 12 new stores in the region affirms the positive growth and the confidence in the valley. The impact a Super Walmart has is evident with a city’s sales tax revenue. Two new stores in Donna and Elsa increased local sales tax revenue 14 percent and 57 percent, respectively. Retail sales in the region continue to rise, showing the strength of …

August 7, 2015

Mixed-Use Retail Texas

Trademark Property Co. Signs New Tenants for Waterside Mixed-Use Development

by Haisten Willis August 6, 2015

FORT WORTH, TEXAS — Eight new tenants are set to join Trademark Property Co.’s 63-acre Waterside mixed-use development, which is currently under construction at Bryant Irvin Road and Arborlawn Drive along the Trinity River in Fort Worth. More than 20,000 square feet of new retail and restaurants, along with anchor tenant Whole Foods Market, will open as part of the center’s first phase. The new tenants include Taco Diner, a Mexico City-style taqueria, which will open a 3,900-square-foot restaurant; Zoës Kitchen, a fast casual restaurant concept serving Mediterranean-inspired dishes, which will open a 2,800-square-foot restaurant; Blaze Pizza, a counter-serve pizzeria, which will open a 2,800-square-foot restaurant; Sleep Train, a top mattress retailer, which will open a 3,602-square-foot location. The lineup of new tenants also includes Massage Heights, Envy Nails, Amazing Lash Studio and Pretty Kitty. Construction on Waterside’s first phase began in 2014 and is slated for completion in late spring 2016. Phase I will also include 375 multifamily units built by Transwestern Development Co.. At full build out, Waterside will include 200,000 square feet of retail space and riverside restaurants, 800 multifamily units and two or three hotels.

August 6, 2015

Multifamily Seniors Housing Texas

Civitas Senior Living Begins Construction on Seniors Housing Complex in Metro Dallas

by Haisten Willis August 6, 2015

WILLOW PARK, TEXAS — Civitas Senior Living LLC began construction in July on Clear Fork Senior living, a seniors housing complex that will offer assisted living and memory care units. The development will be the 13th property in the company’s portfolio. The project is a joint venture between Civitas and Sandlin Capital LLC/2MR Capital LLC. Justin Hitchcock of Community National Bank & Trust of Texas in Weatherford originated construction financing for the project. Donica Construction and Development will be the developer for Clear Fork Assisted Living and Memory Care. Building plans include 38 assisted living suites and one-bedroom units, along with 24 private and semi-private memory care units. Clear Fork Senior Living amenities will include a gym, spa, wellness center, walking trails and a clubhouse. The complex will be owned and managed by Civitas. In addition to Clear Fork Senior Living, Civitas Senior Living operates Cambridge Court Assisted Living and Memory Care Facility in Mesquite, Autumn Wind Assisted Living in Winnsboro, Aria Memory Care in Cedar Park and Midtowne Assisted Living and Memory Care in Midlothian. The company also projects in the pipeline in Burleson, Flower Mound, Frisco, Austin and Allen.

August 6, 2015

Industrial Texas

Gator Fabrication Leases 81,000 SF on 18 Acres in Metro Houston

by Haisten Willis August 6, 2015

CONROE, TEXAS — Gator Fabrication LLC, a heavy steel fabrication company, has moved into the former JM Eagle Plant in Conroe. The property, located at 101 E. Ave. M, consists of two heavy manufacturing buildings totaling 80,878 square feet and is situated on approximately 18 acres of stabilized land. Rob Banzhaf and Krissie Vanyo of Newcor Commercial Real Estate represented Gator Fabrication in the lease negotiations. Prior to occupancy, the landlord completed a makeover of the buildings, including all new electrical, building shell and crane upgrades. Jasper Tramonte of Tramonte Brokerage LLC represented the landlord, David F. Bolger Revocable Trust.

August 6, 2015

Industrial Texas

NAI Partners Negotiates Sale of Industrial Property in Houston

by Haisten Willis August 6, 2015

HOUSTON — NAI Partners has negotiated the sale of a 79,444-square-foot, multi-tenant industrial property located at 16745 N. Freeway in Houston. The property is anchored by a Guitar Center retail store. Doug Pack and Josh Lass-Sughrue of NAI Partners negotiated on behalf of the seller. The buyer is a local investor.

August 6, 2015

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