WOODWAY, TEXAS — Marcus & Millichap has brokered the sale of Woodway Village, a 14,181-square-foot retail property in the Waco suburb of Woodway. Located at 824 Hewitt Drive, the strip shopping center was 68 percent leased at the time of the sale to tenants including Jimmy John’s, Great Clips, Escape Nail Salon, MetroPCS and Rosati’s Pizza. Constructed in 2005, the structure is shadow-anchored by Walmart and in close proximity to Chase Bank, Advance AutoParts, Starbucks Coffee, H-E-B, Subway and many other retailers. Philip Levy marketed the property on behalf of the seller, a private investor. Levy also secured the buyer, a limited liability company.
Texas
SUGAR LAND, TEXAS — Boyd Commercial/CORFAC International has arranged a 11,565-square-foot industrial lease in the Houston suburb of Sugar Land for Integrity Measurement & Control Inc., an equipment manufacturer serving the oil and gas industries. The tenant will occupy space within a multi-tenant facility located at 525 Julie Rivers Drive. Bo Pettit of Boyd Commercial/CORFAC International represented the tenant in the negotiations. Jon Michael and Ed Bane of NAI Houston represented the landlord, Reed Road AB Mayfield LLC.
SUGAR LAND, TEXAS — Stockdale Capital Partners has acquired Sugar Creek I and II, a 409,168-square-foot office complex in the Houston suburb of Sugar Land. The property was 96.1 percent leased at the time of the sale by tenants including Noble Drilling Corp. and United Healthcare. On-site amenities include a fitness center, deli and conference rooms. Rusty Tamblyn and Trent Agnew of HFF represented the sellers, Granite Properties and MetLife. Jeremy Womack of HFF arranged acquisition financing.
BEDFORD, TEXAS — Boxer Resorts has acquired the DFW Airport West Holiday Inn, a 245-room hotel in the Metroplex suburb of Bedford. Located in close proximity to the Dallas/Fort Worth International Airport, the property offers a fitness center, swimming pool, conference facilities and complimentary shuttle service to the airport. This is the fourth acquisition for Boxer Resorts, a sister company of Houston-based investment and management company Boxer Property. Hank Wolpert of HREC represented the unnamed seller in the transaction.
HOUSTON — Molto Properties and Generational Commercial Properties will develop a 166,250-square-foot distribution center in north Houston. Located on 19 acres at 431 Airtex Drive, the project will feature 30-foot clear heights and proximity to Beltway 8 and the George Bush International Airport. Mike Taetz, Bill Byrd and Ryan Byrd of Colliers International will market the property upon its completion in the fall. Molto Properties is a privately held industrial real estate firm with approximately 4 million square feet of industrial properties under management. Generational Commercial Properties is a commercial real estate development and project management firm based in Austin.
FORT WORTH, TEXAS — Lee & Associates has arranged a 130,128-square-foot industrial lease in Fort Worth for Universal Nutrients, a manufacturer of sports nutrition supplements. The tenant will occupy the warehouse facility located at 14801 Sovereign Road, which is in close proximity to the DFW International Airport, as well as the major thoroughfares of State Highway 360, State Highway 183 and State Highway 161. The property features 24-foot clear heights, 14 dock-high doors and 20,000 square feet of office space. Trey Ficke and Reid Bassinger of Lee & Associates represented Universal Nutrients in the lease negotiations. The landlord, MLRP 14801 Sovereign LLC, was represented internally by Matthew Smith.
ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged a 52,032-square-foot industrial lease in Arlington for recycling company Waste Track Services LLC. The tenant will occupy the first floor of a two-story building that is part of a larger four-building development in the Great Southwest Industrial District. Property owner FPA Division Associates LP will strip the tenant’s space to shell condition and add four new dock doors prior to occupancy. Waste Track Services, which will relocate from nearby Granbury, will also hold rights to half of the second floor of the building. Will Dillard of Bradford Commercial represented the tenant in the lease negotiations.
HOUSTON — General contractor Satterfield & Pontikes Construction will break ground this month on a new 32,000-square-foot store in Houston’s Galleria submarket for electronics retailer Micro Center. The $6 million project, which will include showroom, office and storage space, is located on a 3.5-acre site near the intersection of South Rice Boulevard and Westpark Drive. The building will feature concrete tilt-wall panel construction, as well as a 90-foot tower rising through the roof that will display the Micro Center sign. Powers Brown Architects is providing design and architectural services for the property, which is slated for completion within six months.
KATY, TEXAS — Marcus & Millichap has brokered the sale of Cinco Ranch Plaza I, a 20,562-square-foot retail property in the Houston suburb of Katy. Located on 2.2 acres at 24124 Cinco Ranch Blvd., the facility houses medical and professional tenants, including Dentistry by RSE and Alamo Title, in addition to retailers. Derek Hargrove and Justin Miller of Marcus & Millichap marketed the property on behalf of the seller, The Woodlands-based developer The Marcel Group. Hargrove and Miller also secured the buyer, an international private capital investor.
HOUSTON — NAI Houston has arranged a 17,430-square-foot industrial lease in Houston for McGuire Bearing Co. LLC, a distributor of bearings and power transmission products. The tenant will occupy space at Pine Timbers Distribution Center 2, which is located at 4460 Pine Timbers St. The property is in close proximity to the major thoroughfare of U.S. Route 290. Ed Bane and Jon Michael of NAI Houston represented the unnamed landlord in the negotiations. Brad Beauchamp of Colliers International represented McGuire Bearing Co.