GRAND PRAIRIE, TEXAS – Lee & Associates has completed a lease renewal for a 72,450-square-foot industrial space located at 1213 WN Carrier Pkwy. in Grand Prairie, just west of Dallas. Mark Graybill and Scott Giordano with Lee & Associates represented the landlord, Indcor Properties. Jackson & Cooksey represented the tenant, Schilli Distribution Services.
Texas
PLANO, TEXAS – Hilton Worldwide has opened the Hilton Dallas/Plano Granite Park hotel, a 299-unit Hilton Hotels & Resorts property, in the Granite Park master-planned community just north of Dallas. Granite Park is a 90-acre mixed-use development located at the intersection of the Sam Rayburn Tollway and Dallas North Tollway. Companies with a presence in the area include Hewlett Packard, Dr. Pepper/Snapple Group, PepsiCo, Siemens and J.C. Penny. BOKA Powell was the architect for the hotel. Amenities at the hotel include the on-site Carso Mediterranean Grill, a fitness center and pool. The hotel also attaches to a 30,000-square-foot conference center.
MCKINNEY, TEXAS – London-based Barclays Bank has selected McKinney for the site of a new technology center. Barclays is a Global Fortune 500 company offering services including personal banking, credit cards and investments. The company will move into the McKinney Corporate Center 1 building at Craig Ranch. Barclays Technology Center will occupy more than 40,000 square feet of Class A office space at 6800 Weiskopf Ave. Barclays has been working on the deal since last December and expects to move into the space later this fall.
CYPRESS, TEXAS – A San Antonio-based self-storage developer has purchased 3.29 acres on Spring Cypress Road in Cypress with plans to build a three-story, 110,000-square-foot self-storage facility late this year. Brian Cisarik, Robert Loeb and Jeff Bailey with SurePoint Self Storage worked to arrange the sale. The group already has five facilities in San Antonio. Houston-based developer Bobby Grover is partnering with Cisarik, Loeb and Bailey.
ARLINGTON, TEXAS – Marcus & Millichap has arranged the sale of O’Reilly Auto Retail Strip, a 19,840-square-foot retail property in Arlington. Jason Vitorino with Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. An outside Texas broker represented the buyer, a 1031 exchange investor from the West Coast. The center was 93 percent occupied at the time of sale. O’Reilly Auto Retail Strip is located at 629 West Pioneer Pkwy. in Arlington, just off Matlock Road.
SAN ANTONIO — Institutional Property Advisors has arranged the sale of a 328-unit apartment complex in San Antonio. The name of the property and transaction details were undisclosed. Will Balthrope of IPA represented both parties in the transaction. The property was built in the mid-2000s and is located in San Antonio. Amenities include a pool, gym, tanning studio and business center.
BURLESON, TEXAS — Bob Moore Construction has completed an 89,581-square-foot cold storage distribution center in Burleson, 11 miles southwest of Fort Worth. The distribution center is part of the new HighPoint Business Park and will serve Chicken Express, a Texas-based fried chicken restaurant chain founded in 1988. The building features tilt-up construction on three sides, with insulated metal panels for the fourth wall, and four interior partitions of the freezer and cold dock area. Chicken Express has 200 locations in Texas, Oklahoma, Georgia, Arkansas and Louisiana.
HOUSTON — Cassidy Turley has arranged the lease of San Felipe Plaza’s 45th floor to AkinMears GP on behalf of Parkway Properties Inc. The 19,985-square-foot transaction brings San Felipe Plaza to 90 percent occupancy. The 46-story building is located at 5847 San Felipe St. in Houston’s San Felipe and Voss submarket. Parkway Properties bought the property as part of a merger with Thomas Properties Group in 2013. Eric Siegrist and J.P. Hutcheson of Cassidy Turley represented Parkway, while Jay Kyle of Colliers International represented AkinMears.
AUSTIN — CBRE Capital Markets has arranged the sale of an .87-acre Austin retail parcel with a long-term ground lease to Wells Fargo Bank. A private investor from Wyoming purchased the building located at 1145 Airport Blvd. near the 711-acre Mueller redevelopment. Walter Saad, Cathy Nabours and Logan Reichle of CBRE represented the seller, an Austin-based private investment partnership. The property is 100 percent occupied with 13 years remaining on a 20-year ground lease. Wells Fargo renovated the building in 2007.
DALLAS — Colliers International has arranged the sale of two North Texas properties through Auction.com to two separate unnamed buyers. The properties are Oakwood Apartments in Fort Worth and Hacienda Villa Apartments in Greenville. Oakwood Apartments is a 216-unit complex located on 6351 Vega Drive. Hacienda Villa is a 100-unit apartment complex located at 1600 Joe Ramsey Blvd. Mark Freeman and Bob Helterbran of Colliers International North Texas arranged the transactions.