HOUSTON — Three new tenants have signed leases at The Ion, a 266,000-square-foot office, life sciences and innovation hub in Midtown Houston. The tenants are energy giant Occidental Petroleum Corp. (6,500 square feet), venture capital group Fathom Fund (1,200 square feet) and tech firm Activate (2,000 square feet). Rice Management Co., the entity that acts as steward of Rice University’s endowment, owns The Ion District.
DENTON, TEXAS — Marcus & Millichap has brokered the sale of a 493-unit self-storage facility in the North Texas city of Denton. Extra Space Storage operates the property, which was built in the early 1980s. The unit mix comprises 84 interior non-climate-controlled units, 294 drive-up non-climate-controlled units, 13 multi-door interior units and two multi-door drive-up units for a total of 58225 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a locally based investor, in the transaction and procured the buyer, a publicly traded self-storage REIT. Both parties requested anonymity.
STEPHENVILLE, TEXAS — Disney Investment Group (DIG) has negotiated the sale of Bosque River Centre, a 221,294-square-foot retail center located in Stephenville, about 80 miles southwest of Fort Worth. Tenants at the property, which was built in 1984, include Boot Barn, Spec’s Wine & Spirits, Tractor Supply Co., Ollie’s Bargain Outlet, Planet Fitness, Cinemark and Dollar Tree. Bosque River Center was 97 percent leased at the time of sale. David Disney and Adam Crockett of DIG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
ROUND ROCK, TEXAS — A partnership between Atlanta-based RangeWater Real Estate and Birmingham-based Harbert Management Corp. has acquired Rock Springs Duplexes, a 150-unit build-to-rent residential property located in the northern Austin suburb of Round Rock. Built in phases between 1985 and 1996, Rock Springs Duplexes exclusively offers three-bedroom homes that range in size from 968 to 1,280 square feet. Amenities include a fitness center, coffee bar and a community kitchen. The seller was not disclosed. The new ownership plans to make minor renovations to the property.
VON ORMY, TEXAS — Austin-based Evergen Equity has purchased a 26-acre industrial outdoor storage (IOS) facility in Von Ormy, a southwestern suburb of San Antonio. The facility, which according to LoopNet Inc. was built in 2018, is located within Speedway Park and includes a 7,500-square-foot truck terminal with office space, service bays and a storage yard. The seller and sales price were not disclosed. Partners Real Estate is the property’s leasing agent.
TEXARKANA, TEXAS — Cherokee Nation Armored Solutions, which provides research-and-development engineering, systems integration and logistics services to the defense industry, has signed a 16,000-square-foot industrial lease expansion in Texarkana, located near the Texas-Arkansas border. The space is located on TexAmericas Center’s 765-acre central campus in unincorporated Bowie County. No third-party brokers were involved in the lease negotiations.
DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of a 508,500-square-foot industrial building in East Dallas. Developed by Hillwood in 2007, the rail-served facility at 1201 Big Town Blvd. features 32-foot clear heights, 79 dock doors and three drive-in doors. Trey Morsbach, Jarrod McCabe, Ryan Pollack and Chad Lisbeth of JLL arranged the five-year, fixed-rate loan through PPM America. The borrower was not disclosed. The building was 88 percent leased to two unnamed tenants at the time of the loan closing.
AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Shelby Ranch, a 302-unit apartment community in South Austin. Shelby Ranch was developed in two phases on an eight-acre site and houses studio, one- and two-bedroom apartments. The amenity package comprises a pool, fitness center, coworking space, resident lounge and a dog park. Belshaw Mulholland Architects designed Shelby Ranch, and OHT Partners served as the general contractor. Rents start at approximately $1,500 per month for a studio apartment.
HOUSTON — Technip Energies, a French engineering and technology company that serves the energy and chemicals industries, has signed a 171,600-square-foot office lease in West Houston. According to LoopNet Inc., the 14-story building at 15377 Memorial Drive was originally constructed in 2016 and spans 384,531 square feet. Technip’s space spans six floors and can support the presence of about 1,000 employees. Gensler designed the space, and Harvey Builders handled the build-out. JLL represented the tenant in its site selection, lease negotiations and project management for the spatial build-out.
ROCKWALL, TEXAS — Locally based brokerage firm DuWest Realty has negotiated the sale of an 8.6-acre retail development site in Fort Worth. Blazing Hospitality Group purchased the land at the southeast corner of Academy Boulevard and White Settlement Road with plans to develop a shopping center that will feature multi-tenant retail buildings, as well as standalone restaurant and service retail spaces. The seller was Core Spaces. Giancarlo Carriero and Taylor Cluff of DuWest Realty co-brokered the deal.