IRVING, TEXAS — Quadrant Investment Properties LLC has purchased Irving’s Union Bower Business Park, a six-building, 302,848-square-foot office property. This is the second acquisition for Quadrant, which was formed in July 2012 and is headquartered in Dallas. Adam Graham of Lee & Associates represented the buyer, while Mercer Co.’s Ryan Boozer and Corby Hodgkiss represented the seller and will continue to lease the project.
Texas
SAN ANTONIO AND ROUND ROCK, TEXAS — With space secured for two new locations, sports club chain LA Fitness will expand into central Texas. Venture Commercial Real Estate has brokered leases for 45,000 square feet in the second phase of an existing development at Loop 410 and Military Drive in San Antonio and 35,000 square feet in a new development at Highway 620 and O’Connor Drive in Round Rock. John Zikos, Jonathan Cooper and Chris Booras of Venture represented LA Fitness in both deals. Whit Jordan and Thomas Tyng of REATA Real Estate Services represented the landlord in San Antonio, while Barclay Real Estate Services LLC in Round Rock represented itself.
FORT WORTH, TEXAS — Morris-Floyd Capital Partners of Fort Worth has purchased Wolfin Village, a 159,000-square-foot outdoor shopping center in Amarillo. The property, located at 2015 S. Georgia Street and Interstate 40, is anchored by Talbot’s, Office Depot and Shepler’s Boots ’n Jeans. Built in 1953 and renovated in 2009, it currently stands at 94 percent occupancy. Chris Cosby and Chris Gerard of CBRE brokered the sale.
SAN ANTONIO — Stream Realty Partners has signed the United States Automobile Association (USAA) to a lease totaling 128,354 square feet in buildings III and IV of the University Tech Park Center in northwest San Antonio. The lease brings both buildings to 100 percent occupancy, with USAA occupying all of building IV and 39,834 square feet of building III. Atento, a business process outsourcing firm, occupies the remainder of building III. Jason Schnittger of Stream Realty represented property owner BP Westchase LLC, while Travis Commercial represented the tenant.
KATY, TEXAS — Katy Park Plaza in Katy has sold to a private investor for $6.75 million. The 68,865-square-foot retail property is located at 406 W Grand Parkway S. Gus Lagos, senior associate at Marcus & Millichap's Houston office, represented the seller in the transaction, while Alex Bouchard, also of Marcus & Millichap’s Houston office, secured the buyer.
FORT WORTH, TEXAS — Bob Moore Construction has completed Mercantile Distribution Centers 5 and 6, two warehouses spanning 94,000 square feet each. The projects are the 28th and 29th that Bob Moore Construction has built on Mercantile Partners LP’s Mercantile Center campus, a 1,300-acre business park located in north Fort Worth. Hardy McCullah/MLM Architects served as the architect for Distribution Centers 5 and 6.
DALLAS — Which Wich Superior Sandwiches has leased two full floors of Adolphus Tower located in downtown Dallas. The lease, arranged by Carla Machulis of Henry S. Miller, totals approximately 14,000 square feet overlooking Main and Akard streets. Which Wich, founded in Dallas in 2003 by Jeff Sinelli, has 300 locations open or under development in 30 states and four countries.
ALLEN — The Woodmont Co. has brokered the sale of the 55,560-square-foot McDermott Commons retail center to a private investment firm. The property, located at McDermott Drive and Custer Road, is anchored by Jumpstreet Trampoline Park and includes two outparcels leased to Taco Bell/Pizza Hut and Wendy's and a freestanding building leased to BB&T Bank. The buyer has retained The Woodmont Co. to handle leasing at McDermott Commons.
HOUSTON — Core Laboratories LP has renewed its 119,700-square-foot lease at West by Northwest Industrial Park, located at 9830 Rosprim in Houston. The facility’s ESFR sprinkler systems, 24-foot clear height ceilings and proximity to Highway 290 and Beltway 8 continue to make a good fit for petroleum industry service provider Core.
GRAND PRAIRIE, TEXAS — Duke Realty has signed third-party logistics services provider APL Logistics Warehouse Management to a new lease totaling 209,070 square feet at the Grand Lakes I building in Grand Prairie. A state-of-the-art warehouse property, Grand Lakes I has the ability to expand the space remaining to as much as 660,792 square feet for a prospective client. Randy Wood of Duke’s Dallas office represented the landlord in the negotiations, and Nathan Lawrence of CBRE represented APL.