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.
Texas
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.
KERRVILLE, TEXAS — Kerrville Gardens at Clearwater Apartments, an 80-unit affordable senior apartment property in Kerrville, Texas, has been approved a $1.8 million loan with Dougherty Mortgage LLC of Minneapolis. The 10-year-term, 9.5-year yield maintenance refinance loan was arranged by Dougherty’s Austin office. Situated halfway between the South Texas Veterans Healthcare Systems campus and the Peterson Regional Medical Center, the Gardens serves active adults over the age of 55.
DALLAS — HFF has arranged the sale of a 14-building, 1.4 million-square-foot industrial portfolio in Dallas on behalf of Cobalt Capital Partners LP. The property, which is 96 percent leased to 28 quality tenants with an average remaining term of six years, was originally purchased by the seller between 2003 and 2007. HFF’s Randy Baird, Jud Clements and Robby Rieke represented the locally based Cobalt in the transaction.
LEWISVILLE, TEXAS — Kroger and retail development services leader Cencor Realty Services have revealed plans for a Kroger Marketplace-anchored community/regional-draw center to be located at the southwest corner of SH-121 and Josey Lane in Lewisville. Of the development’s 350,000 total square feet, the Kroger Marketplace, which will offer furniture, housewares, small appliances and more alongside the traditional grocery items, will occupy 123,000 square feet. Retail shops will account for the remaining space, and additional footage will host freestanding, small-shop and restaurant renters. Cencor’s sister company, the Weitzman Group, will handle the leasing of the development.
FARMERS BRANCH, TEXAS — A Miami-area private investor has purchased Maxim Integrated Products Inc.’s fully leased, six-tenant flex building at 14540 E. Beltwood Parkway in the north Dallas suburb of Farmers Branch. The property is the fourth-to-last to be sold of the 13 buildings on 1.3 acres originally built by Maxim in 1979, before the company’s relocation north of LBJ Freeway. Cornerstone Assembly Church and North Dallas Fencers Club are among the property’s current tenants. Bradford Commercial Real Estate Services’ Leigh C. Richter represented Maxim in the deal, and Callahan Properties’ Rick Callahan represented the buyer.
SAN ANTONIO — Global web infrastructure and cloud-hosting provider PEER 1 Hosting has signed a 10-year lease for 25,000 square feet in San Antonio’s Pearl neighborhood. The impending move to the new space will more than quadruple PEER 1’s space and provide employees easy access to Pearl’s restaurants, parks and entertainment. PEER 1, which is headquartered in Vancouver, B.C., specializes in managed hosting, dedicated hosting and collocation and has about 540 employees worldwide.
COLLEGE STATION, TEXAS — Scott & White Healthcare has opened the Rock Prairie Clinic, a four-story, 120,000-square-foot facility located at 700 Scott & White Drive in College Station. The clinic is located on the 98-acre Scott & White Hospital – College Station campus. Scott & White Healthcare is leasing 100 percent of the clinic, which will house its physicians and clinical outpatient services. Duke Realty is Rock Prairie's developer and owner. The design team includes architect Jacobs Engineering Group and general contractor Kitchell Contractors Inc.