LONGVIEW, TEXAS — Morris-Floyd Capital Partners has purchased Longview Plaza, a 157,000-square-foot power center located on West Loop 281 in Longview. The center, previously owned by Longview Plaza Ltd, is anchored by Bed Bath & Beyond, T.J. Maxx, Michael’s, Office Depot, Best Buy and Books-A-Million. BBVA Compass provided acquisition financing, and Bruce Marshall and Bill Graham of Sperry Van Ness brokered the sale. Longview Plaza is currently at 100 percent occupancy.
FORT WORTH, TEXAS — Skywalker Property Partners and the Caffey Group have acquired Atrium Center, a 50,686-square-foot office building located at 8851 Camp Bowie West Blvd. in Fort Worth. Approximately 20 percent of the space will be occupied as a headquarters for the Caffey Group, which will relocate to the new space in September. The terms include the option for Caffey Group to purchase the property in the future. Jack Clark of Red Oak Realty represented the seller, Hwy 80 Capital LP. The center, which will be renamed Atrium West, is currently at 78 percent occupancy. Its largest tenant is the City of Fort Worth’s engineering department, occupying the 16,141-square-foot third floor. Three of the nine tenants are medical providers.
DALLAS — Zixcorp has renewed its 42,916-square-foot office lease through 2024 at Cityplace, located at 2711 N. Haskell Ave. in Dallas. David Wetherington and Travis Ewert of Colliers International represented Zixcorp, and Jeff Schweitzer and Tommy Nelson of Stream Realty represented the landlord, Dallas Cpt. Fee Owner LP, in the transaction.
PLANO, TEXAS — ARA has arranged the sale of Heritage at Lakeside, a 181-unit multifamily property in Plano, to Los Angeles-based JRK Property Holdings for an undisclosed price. Brian O'Boyle Jr., Brian O'Boyle Sr. and Brian Murphy of ARA represented the seller in the transaction. The average unit is sized at 1,582 square feet.
ROBINSON, TEXAS — The Waco Industrial Foundation (WIF) has purchased approximately 634 acres of land in Robinson from Dove Hill Partners LP. The tract is located at the southeastern corner of Interstate 35 and South Loop 340/State Highway 6. The land has 2,300 feet of footage along the interstate. H. Bland Cromwell of Coldwell Banker Commercial | Jim Stewart, Realtors. Jason Cooper of Dallas-based Cooper Real Estate Advisors LLC assisted in the transaction. WIF manages a $37.5 million real estate portfolio of industrial facilities. WIF will use the new land to provide industrial sites for prospective clients.
MARBLE FALLS, TEXAS — KW Commercial has arranged the sale of a 10,129-square-foot, freestanding office building at 507 Ranch Road in Marble Falls. The office building is leased to NorthStar Bank, Westlake Dermatology and Treehouse Dental. Approximately 1,615 square feet of space is currently available. Nick Nelson and Jim Young of KW Commercial represented the buyer, an investor based in Austin, in the sale. Jane Marie Hurst of KW Commercial represented the seller, a local partnership.
HUMBLE, TEXAS — Marcus & Millichap has arranged the sale of Eagle Lake Storage, an 87,609-square-foot self storage facility located at 16900 W. Lake Houston Parkway in Humble. The facility had a list price of $3 million. Justin Miller and David Knobler of Marcus & Millichap's Houston office represented the seller, a Texas-based developer, in the transaction.
SAN ANTONIO — K1 Speed has leased 42,217 square feet of space at 6955 N.W. Loop in San Antonio to operate an indoor go-kart racing facility. K1 has 17 locations nationwide, including around Houston and Austin. The new San Antonio location is slated to open in July. Keith McRee of SRS Real Estate Partners represented the landlord in the lease deal. Jim Stoltz represented K1.
DALLAS — Prescott Realty Group has kicked off the development of an unnamed $45 million multifamily development in Dallas. Prescott has begun the abatement process of the existing White Rock Trail and Toscana apartment communities, which will be followed by demolition. The new Class A, 362-unit apartment community will incorporate a proposed public hike and bike trail connection to the upcoming Lake Highlands Trail and the existing White Rock Creek Trail. The new community is slated to open in late summer 2014.
SPRING, TEXAS — Hunington Properties has arranged the sale of Woodlands Gateway Plaza, a 50,000-square-foot retail center located at the northeast intersection of Interstate 45 and Rayford Road in Spring. The property is 82 percent occupied by a mix of local and national tenants including Popeye's Chicken & Biscuits, Crabby Daddy's Seafood and the Woodlands Fish Market. Todd Carlson of Hunington represented the seller, an out-of-state investor who purchased the center in 2002. The buyer, a local investor, purchased the property in an all-cash transaction.