Texas

ARCHWAY TO DEVELOP WILDWOOD CORPORATE CENTER IN THE WOODLANDS

by admin March 29, 2013

THE WOODLANDS, TEXAS — Houston-based Archway Properties plans to develop the 127,794-square-foot Wildwood Corporate Center, located at 460 Wildwood Forest at Interstate 45 in The Woodlands. The three-story, two-building office complex is 50 percent pre-leased. The new office property will feature an attached parking garage. The project team includes architect Kirksey Architecture and general contractor EE Reed. Terri Torregrossa and Griff Jaggard of Houston-based Moody Rambin Interests are handling the property’s leasing duties. Moody Rambin will also handle managing the property. Construction will begin in early April and wrap up in January 2014.

March 29, 2013

CBRE ARRANGES INDUSTRIAL LEASE RENEWAL IN EL PASO

by admin March 29, 2013

EL PASO, TEXAS — CBRE El Paso has brokered the lease renewal of 353,611 square feet of industrial space, located at 48 Walter Jones in El Paso. Anthony Mash of CBRE El Paso represented the landlord, Butterfield Trail Corp. – Invesco, in the lease renewal. Penske Logistics LLC is the tenant.

March 29, 2013

Hospitality Texas

M&M CLOSES SALE OF RODEWAY INN IN TEXARKANA

by admin March 29, 2013

TEXARKANA, TEXAS — Marcus & Millichap has arranged the sale of the 74-room Rodeway Inn, a two-story hotel located at 5105 N. Stateline Ave. in Texarkana. The hotel originally operated as a Comfort Inn until it was rebranded in 2007. Allan Miller, Chris Gomes and Jake Gaddy of Marcus & Millichap’s Dallas office represented the seller, a limited liability company, in the transaction. Gomes also procured the buyer, a private investor.

March 29, 2013

Industrial Texas

COLDWELL BANKER BROKERS INDUSTRIAL SUBLEASE

by admin March 29, 2013

HOUSTON — Coldwell Banker Commercial United, Realtors has arranged a 20,000-square-foot industrial sublease, located at 7603 Prairie Oak Drive, Suite 150M in Houston. Patrick Buckhoff of Coldwell Banker represented the landlord, Display Work LLC, in the transaction. Jackson & Cooksey represented the tenant, qHub Logistics Corp.

March 29, 2013

Retail Texas

SPROUTS FARMERS MARKET OPENS FIRST HOUSTON AREA STORE

by admin March 28, 2013

KATY, TEXAS — Sprouts Farmers Market has opened a 25,300-square-foot store at the southwest corner of Cinco Ranch Boulevard and Peek Road in Katy. The store is Sprouts' first location in the Houston area. Ed Page and Chris Pitts of UCR's Houston office represented both the landlord, Scottsdale, Ariz.-based AVB Development Partners, and Sprouts in the lease transaction. Page is Sprouts' southeast Texas representative for all site acquisitions. Sprouts operates more than 150 stores throughout the Western U.S.

March 28, 2013

Retail Texas

MAIN EVENT TO OPEN NEWEST LOCATION IN STAFFORD

by admin March 28, 2013

STAFFORD, TEXAS — Dallas-based Main Event Entertainment has plans to open a new location at the Fountain on the Lake shopping center in Stafford. The new venue is located off U.S. Highway 59 and South Kirkwood Road and is expected to employ approximately 150 people. The new Main Event Entertainment location will feature a bowling alley, a GRAVITY indoor ropes course, laser tag, game room with 100 video games and meeting space.

March 28, 2013

Retail Texas

HUNINGTON PROPERTIES ARRANGES CROSBY PLAZA SALE

by admin March 28, 2013

CROSBY, TEXAS — Hunington Properties Inc. has arranged the sale of Crosby Plaza, a 8,133-square-foot retail property located on FM 2100 in Crosby. The center is fully leased to UPS Store, Little Caesar's Pizza and Cricket Wireless. Todd Carlson of Hunington Properties represented the seller, an out-of-state investor who purchased the property in 2006. The buyer is an investor based in Southern California. The buyer secured acquisition financing through Wilshire State Bank. Hunington will continue to operate the property.

March 28, 2013

Industrial Texas

CUSHMAN & WAKEFIELD BROKERS 125,000 SF INDUSTRIAL LEASE

by admin March 28, 2013

GRAND PRAIRIE, TEXAS — Cushman & Wakefield has arranged the lease of 125,000 square feet of warehouse/distribution space at 2820 N. Great S.W. Parkway in Grand Prairie. The industrial space is located in the Paddock Distribution Center. Pete Richardson, Drew Richardson, Benedict Gordon, Bill McClung, Mike Wyatt, Robbie Baty and Grant Pruitt of Cushman & Wakefield of Texas Inc.'s Dallas office represented the tenant, Johns Manville, in the transaction. Johns Manville, a manufacturer and marketer of building products, will occupy approximately 1,000 square feet of office space in the property. Andrew McCaig and Cornelia Heins represented the landlord, Primera Cos., in-house.

March 28, 2013

Hospitality Texas

SECOND OF TWO MARRIOTT-BRANDED HOTELS OPENS IN GALVESTON'S SEAWALL

by admin March 27, 2013

GALVESTON, TEXAS — An 85-key Courtyard by Marriott hotel has opened on a 4.8-acre site along Galveston's Seawall Boulevard. The new hotel is the second Marriott affiliate to open in the area recently. An 88-key Marriott TownePlace Suites opened for business on March 12. Dallas-based Mayse & Associates, an architecture firm, designed the 64,028-square-foot Courtyard by Marriott hotel. The new hotel's outdoor amenities include a resort-style swimming pool, restrooms and a bar area. San Antonio-based Segment Construction Group was the construction management firm and Cameron-based EBCO General Contractor LTD constructed both hotels.

March 27, 2013

Texas

KIEWIT BUILDING GROUP TO BREAK GROUND ON COLLEGE FACILITY

by admin March 27, 2013

STEPHENVILLE, TEXAS — Kiewit Building Group plans to begin construction of the 32,000-square-foot O.A. Grant Humanities Building, located on the Tarleton State University campus, on April 1. The two-story building will feature offices, a writing center, digital media lab, media convergence center, meeting/conference rooms and outdoor amphitheater seating. Dallas-based Randall Scott Architects is the facility's project architect. Kiewit plans to wrap up construction on the facility at the end of May 2014.

March 27, 2013

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