FORT WORTH, TEXAS — Trademark Property Co. is under contract to purchase 3.5 acres adjacent to its 278,000-square-foot WestBend mixed-use development in Fort Worth’s University District. The parcel is located on University Drive, immediately south of WestBend along the Trinity River. Conceptual planning is underway to develop additional mixed-use space including ground-floor retail with either a hotel or multifamily and condo units above. A Hawthorne Suites hotel currently occupies the site.
DALLAS — INDECT USA, a provider of sensor-based parking guidance systems, has completed ultrasonic parking guidance installation at the Dallas Omni Hotel and Convention Center in downtown Dallas. The Dallas Omni Hotel is the first and only hotel in the United States to offer parking guidance. Installed as part of the $400 million Dallas Convention Center redevelopment, the parking guidance program features the installation of 347 parking sensors, as well as a network of LED signs informing drivers how many open parking spaces are available and where they can be found. The sensors are located above each parking space, offering signals to drivers that are visible from several hundred yards away of where open spaces can be found, and what type of parking is permitted in an individual space. Different colors indicate each space’s status: green for available, red for occupied, blue for Americans with Disabilities Act (ADA) parking and white for one-hour parking. The LED signs at the end of each driving aisle also indicate how many spaces, and what types of spaces, are available in each parking aisle. Additionally, the sensors provide management benefits by collecting data about lengths of stay, occupancy and usage, which will help Omni Hotels …
ROCKWALL, TEXAS — MYCON General Contractors has begun construction on a standalone Kroger Signature concept store located on an 11.3-acre tract at the southeast corner of North Goliad Street and Quail Run Road in Rockwall. The 80,000-square-foot Kroger Signature store will offer fresh food options, healthy meal solutions and traditional grocery items, as well as a six-pump Kroger Fuel Center and Kroger Pharmacy, which will have three drive-thru lanes. Site plans include loading docks, a detention pond, surface parking and landscaping. Groundbreaking was held in January, and the store opening is slated for the first quarter of 2017.
WACO, TEXAS — KeyBank Real Estate Capital has provided a $7.7 million interim loan for Brazos Village Apartments, a 144-unit affordable housing apartment community in Waco. Proceeds from the loan will be used to fund the acquisition and renovation of the property. The project operates under the Section 42 Low Income Housing Tax Credit (LITHC) program and is within its extended use period requiring that 70 percent of the units be rented to tenants earning no more than 60 percent area median income (AMI) and 30 percent of the units be set aside for tenants earning no more than 50 percent AMI. This project is sponsored by Harmony Housing, a 501(c)(3) nonprofit organization dedicated to providing affordable rental housing throughout the United States. John Gilmore IV of KeyBank’s community development lending division arranged the financing.
HOUSTON — USA Insulation has opened its first Texas location at 6868 N. Loop E. in Houston. The 3,433-square-foot space expanded the total corporate franchise count to 16 locations across the United States. John Wenckens of Newcor Commercial Real Estate represented the tenant. USA Insulation installs residential home insulation using methods ranging from blown-in attic insulation to injection foam insulation that can be injected or pumped into exterior walls, crawl spaces and foundations. Kelly Landwermeyer with Holt Lunsford Commercial represented the landlord, CenterPoint Properties.
IRVING, TEXAS — Marcus & Millichap has arranged the sale of Crescent Ridge, a 51-unit apartment property located in Irving. Ford Braly of the Silva multifamily team in Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, an individual California investor. Juan Cuevas and Lucas Fertitta of Marcus & Millichap’s Houston office secured the buyer, a private out-of-state investor. Crescent Ridge is located at 506 N. Rogers Road along Irving Boulevard. The property was built in 1964 on a concrete slab foundation and has wood framing with a brick veneer exterior. Units average 795 square feet. Amenities include a courtyard with barbeque grills and a picnic area, laundry facilities and an onsite leasing office.
OKLAHOMA CITY, OKLA. — Sam’s Club will officially open the doors of its newest location Thursday, March 3, in Oklahoma City. Doors open at the 4101 N. May Ave. location at 8 a.m. Prior to the public grand opening, the company will host a business appreciation event for customers. Walmart founder Sam Walton opened the first Sam’s Club in 1983 in Midwest City, Okla., with the idea that small business owners deserved the same access to warehouse prices as big businesses. More than 650 Sam’s Club locations are in operation today.
AUSTIN, TEXAS — ClearDATA, which is a health care cloud-computing software and service provider, has leased 10,536 square feet of office space at the Scarbrough Building, located at 522 Congress Ave. in Austin. Jason Steinberg and Matt Levin of ECR represented the unnamed landlord. Keith Zimmerman with Oxford Commercial represented the tenant.
HOUSTON — Gracie Barra Heights, a Brazilian Jiu-Jitsu association with over 500 schools on six continents, has leased 22,500 square feet of retail space at 4721 N. Main St. in Houston from Braun Enterprises. Josh Friedlander of NewQuest Properties represented the tenant. John Delarosa of Vanguard Commercial Group represented the landlord.
DALLAS — Swagit Productions, which specializes in streaming media for government and TV stations, has leased 22,618 square feet of office space at North Central Plaza III, located at 12801 Central Expressway in Dallas. Kent Smith of NAI Robert Lynn negotiated the lease with Laura Maczka and Mark Jordan of JP Realty Partners / Sooner Management.
