DALLAS — Coldwell Banker Commercial Alliance DFW has brokered the sale of a 24,865-square-foot office property in Dallas. The two-story building, located at 8100 John W. Carpenter Freeway, was 62 percent leased at the time of the transaction. Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW represented the seller, John R. Salazar Properties Inc., in the all-cash transaction. The law firm of John Salazar, which relocated its headquarters to a downtown facility in mid-2013, will continue to lease an 1,800-square-foot suite at the property. Mark Pierce and Reagan Vidal of Commercial Realty Partners LLC represented the buyer, Hickory Creek Retail LP.
Texas
HOUSTON — Henry S. Miller Brokerage has arranged the sale of a 21,400-square-foot industrial building in Houston. Located on three acres at 7409 Wright Road, the facility is in proximity to Highway 290 and Beltway 8. Doug Bates and Joel Hill of Henry S. Miller represented the seller, Rich Damon Henry Trust, in the transaction. Joe MacDougall of MacDougall and Co. represented the buyer, H6 Texas LP, which is headquartered nearby and purchased the asset to expand operations in the area.
IRVING, TEXAS — CBRE has brokered the sale of Riverside Commons, a 460,297-square-foot office complex in Irving. The six-building, Class A property, which was 37 percent leased at the time of the sale, is located near the interchange of Riverside Drive and State Highway 114 in the Las Colinas submarket. Gary Carr, Eric Mackey, John Alvarado and Robert Hill of CBRE represented the unnamed seller in the transaction. Brookfield Property Group purchased the asset.
FRISCO, TEXAS — Marcus & Millichap has brokered the sale of a 21,361-square-foot net-leased property occupied by childcare provider Crème de la Crème in the Dallas suburb of Frisco. Located on 3.6 acres at 9375 Legacy Drive, the building is in close proximity to the Dallas North Tollway. At the time of the sale, 10 years remained on the original 15-year triple-net lease. Jason Vitorino of Marcus & Millciahp marketed the property on behalf of the seller, a Texas-based partnership. The asset received multiple offers, generating competition among potential investors and resulting in the seller accepting an offer greater than the listing price.
RICHARDSON, TEXAS — Colliers International has arranged a 25,000-square-foot office lease in the Dallas suburb of Richardson for software company HBS Systems. The tenant will move its headquarters from another property in Richardson to The Points at Waterview, located at 3400 Waterview Parkway, this summer. Daniel Rudd and Billy Vahrenkamp of Colliers represented HBS Systems in the negotiations. Bill Brokaw of Cushman & Wakefield represented the landlord, Cousin Properties. Howard Templin of Colliers is providing management services.
DALLAS — Spire Realty Group LP has arranged a 20,072-square-foot office lease in downtown Dallas for Callison, a global architecture and design firm. The tenant will occupy space at Bryan Tower, a 40-story, 1.1 million-square-foot office tower located at 2001 Bryan Street that is owned, managed and leased by Spire Realty. The property is situated in proximity to the Arts District, a Dallas Area Rapid Transport station and a stop of the M-Line trolley. Andrew Schendle and Allison Johnston of Spire Realty negotiated the lease. Charles Daggett and Stephen Hemphill of Mohr Partners represented the tenant.
HOUSTON — Developer Hines has broken ground on 609 Main at Texas, a 1.1 million-square-foot office tower in downtown Houston. The 48 story building, to be located at the corner of Main and Texas streets, is slated for completion in February 2017. The structure, which is pre-registered for LEED and expected to attain Gold or Platinum certification, will feature facades of glass and stainless steel on all four sides. The project team includes general contractor D.E. Harvey and architect Pickard Chilton. Hines CalPERS Green, a partnership between the developer and the nation’s largest pension fund that focuses exclusively on sustainable office buildings, is funding construction.
DALLAS — Developer Bandera Ventures has leased 130,000 square feet in Dallas to Energy Transfer Partners, a pipeline operator serving the natural gas, refinery and crude oil industries. The tenant will occupy space at 8111 Westchester, currently under construction in the Preston Center submarket, upon the building’s completion in early 2015. Chief Oil and Gas, which is partnering with Bandera Ventures in development of the property, will occupy the remaining 60,000 square feet of the structure. Randy Cooper and Dan Harris of Cassidy Turley represented Energy Transfer Partners in the negotiations. BOKA Powell designed the six-story structure.
HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 21,000-square-foot industrial building in Houston. Constructed in 2007, the warehouse features 21-foot clear heights and a fenced yard. Located at 6440 Eastwood St., the property is in proximity to the interchange of I-610 and State Highway 288. Robert Bain of CBCUR represented the unnamed seller in the transaction. Ram-Gil LLC purchased the asset.
HOUSTON — Moody Rambin has brokered the sale of a 13,924-square-foot office building in Houston for $1.4 million. Located on nearly one acre at 6701 Pinemont Drive, the property is in close proximity to the Northwest Freeway. Constructed in 1982, the building features a new roof and HVAC units and was 75 percent leased at the time of the sale. Christopher Dray of Moody Rambin represented the seller, an individual, in the transaction. TAM International Inc. purchased the asset.