Texas

Dalfen America Corp. Acquires Office/Industrial Portfolio in Houston

by Haisten Willis August 17, 2015

HOUSTON — Dalfen America Corp. (DAC) has acquired Lockwood International’s corporate headquarters and distribution facilities in Houston in a sale-leaseback transaction. Lockwood International is a privately held supplier of valves and valve automation. The three-building portfolio includes two warehouses and one office building totaling 201,000 square feet. The properties were built in 1998, 2002 and 2004 as a build-to-suit project for Lockwood. Located two miles from Union Pacific’s Englewood and Settagast intermodal terminals, the property is also about 15 miles from downtown Houston. Joseph Smith of CBRE represented Lockwood International in the sale-leaseback transaction to DAC.

August 17, 2015

Monmouth Purchases FedEx Industrial Building in Fort Worth for $35.3M

by Haisten Willis August 17, 2015

FORT WORTH, TEXAS — Monmouth Real Estate Investment Corp. has acquired a 304,608-square-foot industrial building located in the Fort Worth Alliance Airport at 2701 Texas Longhorn Way in Fort Worth for $35.3 million. The property is net leased for 15 years to FedEx Ground Package System. The building is situated on 44.2 acres. Monmouth was founded in 1968 and specializes in net leased industrial properties.

August 17, 2015

Industrial Texas

NAI Partners Arranges Industrial Lease Renewal in Houston

by Haisten Willis August 17, 2015

HOUSTON — NAI Partners represented Customform Transportation Systems in the renewal of a 27,000-square-foot industrial lease at the Post Oak Industrial Park located at 1217 N. Post Oak Blvd. in Houston. Clay Pritchett of NAI Partners and Robin Weber of Weber Commercial represented Customform in the renewal, while Jude Filippone of Transwestern Commercial Services represented the landlord, St. Paul Marine Insurance Co.

August 17, 2015

Office Texas

Moody Rambin Arranges 18,069 SF Office Lease in Houston

by Haisten Willis August 17, 2015

HOUSTON — Mercantil Commercebank has leased 18,069 square feet at the Town Centre I building located at 750 Town & Country Blvd. in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the building owner, Town Centre Partners Ltd. Bobbie Bozarth of Transwestern represented the tenant in negotiations.

August 17, 2015

Multifamily Student Housing Texas

The Weitz Co. Selected as Design-Builder for $245M Student Housing Complex at Texas A&M

by Haisten Willis August 14, 2015

COLLEGE STATION, TEXAS — The Weitz Co. has been selected as the design-builder for a new student housing project at Texas A&M University in College Station. The project, known as the Park West, will accommodate 3,402 students in more than 1,300 units ranging from studios to four-bedroom units. The nearly 1.8 million square feet of building space will include amenities such as swimming pools, hot tubs, fire pits, grills, fitness centers, study and gathering spaces, and game rooms. The complex will also include retail and office space, as well as an eight-story parking garage. The development will be built on 48 acres of pasture located near the south side of campus off of George Bush Parkway. The apartments are expected to open before the 2017-18 school year. The project owner is nonprofit NCCD-College Station. Irving, Texas-based Servitas LLC is the developer and manager for Park West, and PGAL of Boca Raton, Fla., is Weitz’ design partner.

August 14, 2015

Loans Multifamily Seniors Housing Texas

Ziegler Arranges $109.4M Bond Financing to Expand The Buckingham CCRC in Houston

by Haisten Willis August 14, 2015

HOUSTON — Ziegler, a specialty investment bank, has arranged $109.4 million in fixed-rate bonds for The Buckingham, a 323-unit seniors housing complex. Nonprofit operator Senior Quality Lifestyles Corp. (SQLC) manages The Buckingham, which is located on a 23-acre plot in the Memorial/Tanglewood neighborhoods of Houston. The community includes 204 independent living apartments, 43 assisted living units, 16 memory support units and a health center with 60 nursing beds. The bonds will be used to expand The Buckingham to include a new tower featuring 106 additional independent living units, 27 additional assisted living units, 18 additional memory care units, 32 additional skilled nursing beds, an underground parking garage with 111 total spaces and an additional 292 surface level spaces. SQLC operates five communities in Texas totaling 1,586 units.

August 14, 2015

Industrial Texas

NAI Partners Arranges Sale of 18,037 SF Industrial Facility in Houston

by Haisten Willis August 14, 2015

HOUSTON — Travis Land of NAI Partners represented Hoffman Glass Family Ltd. in the acquisition of an 18,037-square-foot industrial manufacturing facility located on two acres at 11615 N. Houston Rosslyn Road in Houston. Mark Nicholas and Richard Quarles of JLL represented the seller, Halliburton Energy Services.

August 14, 2015

Industrial Retail Texas

First American Freight Furniture and Mattress to Open in San Antonio

by Haisten Willis August 14, 2015

SAN ANTONIO — American Freight Furniture and Mattress has opened its first location in Texas. The 45,000-square-foot store is located at 639 Lanark Drive in San Antonio, an industrial area commonly known as the Alamo Industrial Center. American Freight Furniture and Mattress is a discount furniture warehouse open to the public. Home furnishings and furniture are received from manufacturers due to factory closeouts, liquidations, dealer cancellations and retail chain buyouts. American Freight orders directly from the product manufacturer and utilizes warehouses rather than showrooms. Furniture brands sold at American Freight include Simmons, Serta and NordicRest.

August 14, 2015

Retail Texas

Trader Joe’s to Open New Location in North Dallas

by Haisten Willis August 13, 2015

DALLAS — Trader Joe’s has leased 12,500 square feet in the Preston Alexis addition to Pepper Square Shopping Center at Preston Road and Alexis Drive in north Dallas. Trader Joe’s is a privately held chain that entered the Dallas/Fort Worth market in 2013 and has six stores in the region. Vaughn Miller of VCM Development Group secured the lease and worked in cooperation with Henry Miller IV and Daniel Harris of HSM Brokerage on behalf of the landlord. Kevin Deighan of Timberline Real Estate represented the tenant. The store is slated to open later this year. Vaughn Miller and his father, Vance C. Miller, developed the Preston Alexis addition in 2001 after redeveloping the nearby Pepper Square Shopping Center at Preston Road and Beltline Road.

August 13, 2015

Multifamily Seniors Housing Texas

Caddis Acquires Seniors Housing Development in Longview

by Haisten Willis August 13, 2015

LONGVIEW, TEXAS — Caddis, a national healthcare real estate firm headquartered in Dallas, has acquired a 74-unit assisted living and memory care community known as Fountainview Estates in the east Texas market of Longview, about a two-hour drive east of Dallas. Located at 1408 Lago Trail on the city’s northwest side, the community will become part of Caddis’ Heartis brand and will be renamed Heartis Longview. Frontier Management, a seniors housing operator headquartered in Portland, Ore., assumed management duties upon closing. Amenities at Fountainview Estates include a waterfront outdoor terrace, community dining room, game room, theater, beauty salon and barber shop, 24-hour nursing services, an emergency call system, housekeeping and laundry services. Mike Pardoll of Marcus & Millichap’s Charlotte office brokered the deal.

August 13, 2015

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