HURST, TEXAS — Locally based brokerage firm Silver Oak Commercial Realty has negotiated the sale of Mill Haven Plaza, a 9,752-square-foot medical office building in Hurst, located in the northern-central part of the metroplex. According to LoopNet Inc., the building was constructed in 2007. Russ Webb of Silver Oak Commercial represented the buyer in the transaction. Logan May and Paul Stevenson of NAI Robert Lynn represented the seller. Both parties requested anonymity.
AUSTIN, TEXAS — Google has opened a 2,257-square-foot store under at The Domain Northside in Austin. The store offer products made by Google, such as Pixel phones, watches and tablets, Nest cameras, Fitbit trackers and branded merchandise. The Austin Google Store also has experts on hand to help customers with technological troubleshooting issues and phone repairs.
By Nate Wilkins, associate at Munsch Hardt Kopf & Harr PC Office conversions represent one of the hottest real estate plays in the country, and Texas is undoubtedly a hotspot for those projects. According to D Magazine, in Dallas and Houston combined, there is more than 10 million square feet of vacant office space that is currently being transformed or is slated for conversion. A majority of these projects are mixed-use, meaning that office tenants will eventually be occupying the same building as residential tenants. Therefore, there are several key factors that office tenants and their landlords must consider when signing or renewing leases in the conversion projects, including utilization of common areas, use of utilities and parking allotments. What follows are some strategies for navigating office conversions as they become more prevalent in Texas over the next several years. Common Areas In a typical mixed-use property in which retail space is on the ground floor with multifamily above, landlords are prone to include lease language that states “Tenant shall have no right to use the elevator lobbies, apartment floors and any other areas designated by landlord exclusively for residential occupants.” While standard, this language becomes troublesome when the only …
HOUSTON — Provident Industrial, in partnership with Junction Commercial Real Estate, is underway on Eastex 59, a 740,404-square-foot project in North Houston. The site spans 62.5 acres and is located just east of George Bush Intercontinental Airport. The development will consist of four buildings that will range in size from 148,075 to 224,133 square feet. Three of the buildings will feature front-load configurations, and the fourth will have a cross-dock configuration. Eastex 59 will also offer users a total of 246 dock doors and parking for 522 cars and 200 trailers. Seeberger Architecture is designing the project, and Langan is providing civil engineering services. Completion is slated for late 2026.
HOUSTON — Locally based brokerage and development firm Finial Group has completed construction of a 169,860-square-foot industrial complex in southwest Houston. The property consists of seven freestanding buildings on a 20-acre site at 6811 McHard Road that were developed in three phases over the past five years. Finial Group completed and sold the first two buildings in 2020 and subsequently broke ground on the next two buildings in 2021. Those facilities are now leased to Precision Manufacturing and TradeBlock Inc.
MAGNOLIA, TEXAS — Versal, a self-storage brokerage firm with offices in Austin and Los Angeles, has arranged the sale of Carraway RV & Boat Storage, a 143-unit facility located in the northwestern Houston suburb of Magnolia. The facility spans 70,893 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the locally based seller, M&T Interests LLC, in the transaction. The team also procured the undisclosed, Houston based buyer.
IRVING, TEXAS — Lee & Associates has negotiated a 21,418-square-foot industrial lease in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 350 Texas Ave. was completed earlier this year, totals 107,298 square feet and features 28-foot clear heights, two drive-in bays and 20 dock doors. Adam Green and Will Sallis of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.
WAXAHACHIE, TEXAS — SRS Real Estate Partners has brokered the sale of North Grove Cetner I and II, a 20,141-square-foot office and retail complex in the southern Dallas suburb of Waxahachie. The property consists of a 15,641-square-foot retail and office property that is fully leased to 11 tenants, as well as a 4,500-square-foot, single-tenant structure that is occupied by Fish City Grill. Michael Kaplan, Matthew Mousavi and Patrick Luther of SRS represented the seller, a Texas-based family office, in the transaction. The buyer was also a Texas-based family office that acquired the property in an off-market deal.
THE WOODLANDS, TEXAS — JLL has arranged the sale of a 202,601-square-foot office building located at 10101 Woodloch Forest Drive in The Woodlands, about 30 miles north of Houston. The eight-story building was completed in 2009 and was vacant at the time of sale. Kevin McConn and Jeff Hollinden of JLL represented the seller, Net Lease Office Properties, in the transaction. The buyer was Howard Hughes Holdings Inc. (NYSE: HHH). The sales price was not disclosed.
SUGAR LAND, TEXAS — The City of Sugar Land, located southwest of Houston, has approved $12.5 million in funding for the renovation and modernization of the city’s downtown commercial center, known as Sugar Land Town Square. Under the terms of the funding agreement, Building B will receive upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, Building H will see renovations to its entryway, lobby and signage, along with updates to the garden area and new furniture, fixtures and equipment. Sugar Land Town Square, which spans 32.8 acres and opened in 2003, is currently 73 percent leased across its office, retail and restaurant components.