CARROLLTON, TEXAS — Henry S. Miller Cos. has arranged a 5,000-square-foot industrial office lease for WaterCentric at 4720 Dozier Road in Carrollton. Fred Dumlao of Henry S. Miller Cos. worked on behalf of the landlord, Larry Osterman, in the leasing negotiations. WaterCentric provides long-term water strategies, water rights permitting and alternative source implementation for clients.
THE WOODLANDS, TEXAS — Fogo de Chão, a Brazilian steakhouse, has signed a lease agreement to open a new location in Restaurant Row at Hughes Landing, a 66-acre mixed-use development offering views of the 200-acre Lake Woodlands. This will be the second Houston-area location for the steakhouse. Rob Rowe of Sierra U.S. and Jack Breard of CBRE | UCR represented Fogo de Chão, and Rip Reynolds of The Howard Hughes Corp. represented The Woodlands Development Co. in leasing negotiations.
MONTGOMERY, TEXAS — Holliday Fenoglio Fowler (HFF) has secured $33.5 million in senior financing in conjunction with the recapitalization of Westland Bunker, a 2N data center and office complex located in the Houston suburb of Montgomery. Colby Mueck of HFF worked on behalf of the borrower, Houston Bunker LLC, to place the loan with Sovereign Bank and Hillcrest Bank. Westland Bunker is situated on a 50-acre campus at 550 Club Drive and consists of a 19,116-square-foot, two-story underground data center and a four-story 61,086-square-foot office building. A 2N power redundancy means that the data center has double the amount of equipment needed.
FORT WORTH, TEXAS — GK Development Inc.’s Ridgmar Mall is set to open five new stores and complete renovations on existing retail space. Renovations to the 1.27 million-square-foot mall include the expansion of Journeys, a specialty footwear store, to 1,890 square feet with a fresh design and new color palette; the expansion of Zale’s to 2,500 square feet with renovations including new flooring and merchandise displays; remodeling at the mall’s Buckle location, including a new store front and color scheme; and a renovation of Rave Ridgmar 13 + Xtreme by Cinemark Theaters Inc. to include plush oversized recliners, enhanced concessions and reserved seating. J.C. Penney has also remodeled and rebranded its hair salon as The Salon by InStyle. New retailers set to open at Ridgmar include Sweetness Sweets, Luna’s Candy Land Imports, Texas Canyon, Kokitos and Michelle’s Furniture.
HOUSTON — Marcus & Millichap has brokered the sale of Dollar General Business Park, a 102,500-square-foot industrial property located in Houston’s Inner Loop submarket at 4000 Telephone Road. A 4,250-square-foot Dollar General store anchors the business park. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office represented the seller, an affiliate of Houston-based Braun Enterprises, in the transaction.
SAN ANTONIO — The City of San Antonio’s Transportation and Capital Improvements Department has begun demolition of several obsolete buildings totaling over 40,000 square feet at Port San Antonio, a redevelopment of the former Kelly Air Force base, to extend portions of 36th Street by an additional half mile toward the south. Upon completion in late 2016, the new road will intersect with General Hudnell Drive, providing the 1,900-acre property with additional road connections in support of growing logistics activity. The road will now end near the aircraft maintenance workshop facilities and Air Force headquarters operations where the majority of the Port’s 12,000 daily commuters work. The road extension will support the future development of industrial and mixed-use sites in the heart of the property.
DALLAS — Dallas-based Henry S. Miller Cos. has arranged three medical office leases totaling approximately 19,000 square feet in North Texas. Transactions include the lease of 5,738 square feet to KRK Research Group at Arlington Medical Plaza located at 801 Road to Six Flags in Arlington; the lease of 4,453 square feet to Liberty At Home Dialysis at Red Bird Office Park located at 5565 Red Bird in Dallas; and the lease of an 8,790-square-foot medical clinic to GDC Partners at Avalon Town Center in Glandbury. Jim Turano of Henry S. Miller Cos. represented the landlord of Arlington Medical Plaza, Liberty At Home Dialysis and GDC Partners in the three separate transactions. John Pelitier and Dave Cochran of E. Smith Realty represented KRK Research Group; Andrew Gilbert of Holt Lunsford represented the landlord of Red Bird Office Park, 5565 Red Bird LP; and Kornel Romada of NAI Robert Lynn represented the landlord of Avalon Town Center, WREE Avalon LLC, in the lease negotiations.
HOUSTON — InfusionDev Corp. has leased 9,809 square feet at Town Centre I located at 750 Town & Country Blvd. in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the building owner, Town Centre Partners Ltd., and Kristen Rabel and Weldon Martin of CBRE represented the tenant in lease negotiations.
ATASCOCITA, TEXAS — Marcus & Millichap has arranged the $3.4 million all-cash sale of a 10,000-square-foot property net leased by The Learning Experience in Atascocita. Nate Newman of Marcus & Millichap represented the seller, a developer, and secured the buyer, a California investor, in the transaction.
HOUSTON — Houston-based NewQuest Properties has arranged five retail leases at separate properties in North, Central and South Texas. Transactions include a 7,454-square-foot lease for Gen Korean BBQ House at Carrollton Town Center in Carrollton; a 43,940-square-foot ground lease for Panda Express at New Braunfels Town Center at Creekside in New Braunfels; a 21,164-square-foot lease for Halloween City at Market in Hunting Bayou in Houston; a 6,300-square-foot lease for Halloween City in Tomball Parkway Plaza in Tomball; and a 4,004-square-foot lease for Wholesale Lubricant Services at 2101 Shepherd Drive in Houston. Heather Nguyen, John Nguyen and Meredith McLeod-Cobb of NewQuest Properties represented the landlord for Carrollton Town Center, and Tey Tiner of CBRE represented Gen Korean BBQ House; David K. Meyers and Glenn Dickerson of NewQuest Properties represented the landlord of New Braunfels Town Center at Creekside, and Michael Jersin of Reata Real Estate represented Panda Express; Brad Elmore of NewQuest Properties represented the landlord of Market at Hunting Bayou and Tomball Parkway Plaza, and Traci Holman of Baker Katz represented Halloween City; and Chris Dray of NewQuest Properties represented the landlord of 2101 Shepherd Drive, 2101 Shepherd LLC, and Todd Moseley of Moseley Commercial represented Wholesale Lubricant Services in …