ADDISON, TEXAS — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of two single-story brick office buildings totaling 37,771 square feet in Addison. The properties are located at 14330 Midway Road at an intersection with Proton Drive. The buyer, newly formed commercial real estate firm Proton Partners LP, plans to lease and manage the office properties. Proton Partners will also occupy office space in the smaller office building. Greg McLane of Dallas-based Swearingen Realty Group LLC represented the buyer in the transaction. Leigh Richter of Bradford Commercial represented the seller, Maxim Integrated Products Inc.
Texas
SAN ANTONIO — Hendricks-Berkadia has brokered the sale of the 178-unit Coronado, an apartment community located at 9525 Lorene Lane in San Antonio. Will Caruth, Mike Miller and Chris Ross of Hendricks-Berkadia's San Antonio office negotiated the transaction. The seller was Miami-based LB-RPR | Asset Holdings LLC, and the buyer was a private investor based in Texas.
LEWISVILLE, TEXAS — Henry S. Miller Brokerage has secured the acquisition of an 84,140-square-foot industrial facility in Lewisville. The office/warehouse facility is located at 1725 Lakepointe Drive within the Lewisville Tech Center. The property has approximately 23,630 square feet of office space, 36,308 square feet of production space and approximately 26,202 square feet of warehouse space. The property previously housed the contents of the George Bush Library, and will now be home to the corporate operations of JADA Enterprise, the buyer. Dan Spika of Henry S. Miller Brokerage represented the buyer, and Michael Peinado of Lincoln Property Co. represented the seller, LPC GSA LLC.
HOUSTON — The Finial Group has brokered the sale of a 20,000-square-foot industrial facility, located at 4627 N. Sam Houston Parkway E. in Houston, near the intersection of Beltway 8 and Vickery Road. Ross Thomas and Reed Vestal of Finial Group represented the buyer, Elbi of America Inc., in the transaction. Robert Anthony of Anthony CRE represented the seller, Elkins Industries Ltd.
KELLER, TEXAS — Irving-based Realty Capital Management has arranged the sale of approximately nine acres of land in Keller to Moviehouse & Eatery, a dine-in theater concept. The parcel is located on Rufe Snow Drive just south of FM 1709. The approximately 42,000-square-foot theater will include eight upscale auditoriums, reserved seating in electric recliners and a full menu and bar. The new theater will be an addition to Keller Town Center. Construction is slated to begin in the summer and the theater is anticipating opening its doors in summer 2014. Mark Boone of Realty Capital Management represented the seller in the transaction. Debi Carter of Hudson Peters Commercial represented the buyer. Moviehouse & Eatery operates another location in Austin.
THE WOODLANDS, TEXAS — The Woodlands Development Co. (TWDC), a subsidiary of The Howard Hughes Corp., has inked a 5,015-square-foot lease with Ferrari of Houston. The new satellite dealership will open in The Waterway Square District in The Woodlands, located at 1501 Lake Robbins Drive. Pat Moritz of Houston International Realty represented the tenant in the lease transaction. Rip Reynolds of The Howard Hughes Corp. represented TWDC.
HOUSTON — Levey Group has purchased 17.5 acres of land in north Houston for the development of a 200,000-square-foot speculative industrial park known as IAH Business Park. The park is located adjacent to Bush Intercontinental Airport along Aldine Westfield Road. The industrial development is currently in the design phase and will become shovel-ready in the fall. Levey Group is prospecting for potential users that may want to occupy the entire development.
IRVING, TEXAS — The Boulder Group, a net-leased investment brokerage firm specializing in single-tenant assets, has arranged the sale of a net-leased Home Depot office building in Irving for $2.2 million. The 18,538-square-foot property is located at 2951 Kinwest Parkway in the Las Colinas submarket. Home Depot's lease features multiple 10 percent rent escalations in the lease's primary term. There is approximately six years remaining on the lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private Chicago-based partnership, in the transaction. The buyer was a high-net-worth individual based in Texas.
SAN ANTONIO — Marcus & Millichap has brokered the sale of a 13,767-square-foot retail property, located at 1933 Fredericksburg Road in San Antonio. Bethany Babcock and Chad Knibbe of Marcus & Millichap's San Antonio office represented the seller, a private investor, in the transaction. The property was constructed in 1940 and is located in the historical art deco district, which has recently undergone a beautification project.
THE WOODLANDS, TEXAS — PetroQuest Energy Inc. has signed a 13,091-square-foot lease for a regional office on the second floor of One Hughes Landing, an office building being developed along the 200-acre Lake Woodlands in The Woodlands. The 197,000-square-foot, Class A office building is now 35 percent pre-leased. One Hughes Landing is the first office building in Hughes Landing, a 66-acre, mixed-use development that will feature up to eight office buildings, upscale restaurants and retailers, entertainment venues, a specialty grocer, hotel and multifamily residences housing up to 1,000 people. Houston-based Gensler designed the office building for LEED Silver certification. The office building is slated for completion in September and PetroQuest will occupy its space in November. Robert Parsley and Norman Munoz of Colliers International represented the landlord, The Woodlands Development Co., a subsidiary of The Howard Hughes Corp., in the transaction. Jim Pratt, also of Colliers, represented the tenant.