HOUSTON — Bel Air Lighting has purchased a 112,667-square-foot industrial building in North Houston. According to showcase.com, the building at 16622 Hafer Road was constructed in 2023 and features 32-foot clear heights, 22 dock doors, two drive-in doors and 130 car parking spaces. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the seller, locally based firm Alliance Industrial Co., in the transaction. The sales price was not disclosed.
PLANO, TEXAS — Atlantic Aviation has signed a 26,608-square-foot office lease in Plano. The provider of aircraft ground support services will occupy a full floor at Granite Park 6, a 422,109-square-foot building that was completed in 2023. Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, which owns the property in partnership with Raleigh-based REIT Highwoods Properties, on an internal basis. The deal brings the building to 26 percent occupancy.
DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 25,970-square-foot industrial lease in southwest Dallas. According to LoopNet Inc., the building at 4301-4311 Shilling Way was originally constructed in 1971 and totals 74,373 square feet. Canon Shoults and Mitch Cantwell of Holt Lunsford represented the landlord, Boston-based private equity firm Taurus Investment Holdings, in the lease negotiations. The representative of the tenant, Sunmetals Products of America, was not disclosed.
CEDAR HILL, TEXAS — Kids Empire will open a 10,527-square-foot indoor playground in the southwestern Dallas suburb of Cedar Hill. The space is located within Hillside Village, a 615,000-square-foot, open-air power center that anchored by Dick’s Sporting Goods, Barnes & Noble, Old Navy and H&M. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Robin Barrow and Eddie Liebman, also with Weitzman, along with Austin Diemer and Shelby Pedroza with E & R Property Group, represented Kids Empire.
HOUSTON — Los Angeles-based investment firm Lunada Rose Partners has acquired a 185,413-square-foot industrial building located at 13612 Furman Road on the south side of Houston. The building was completed earlier this year and features 32-foot clear heights, 34 loading docks and two drive-in doors. At the time of sale, the building was fully leased to Empire Auto Parts on a long-term basis. JLL represented the undisclosed seller in the off-market transaction. The sales price was also not disclosed, but the deal traded in all-cash and was originally listed for $21.8 million.
SHERMAN, TEXAS — Marcus & Millichap has brokered the sale of Quality Suites Sherman, a 67-room hotel located about 50 miles north of Dallas in Sherman. The sales price was not disclosed. Built on 2.2 acres in 1996 and renovated in 2019, the two-story hotel offers amenities such as an outdoor pool, meeting room, breakfast bar and guest laundry facilities. Chris Gomes of Marcus & Millichap represented the seller in the transaction and procured the Oklahoma-based private investor as the buyer. Both parties requested anonymity. Allan Miller and Skyler Cooper of Marcus & Millichap assisted in closing the deal as supporting brokers.
RICHMOND, TEXAS — Locally based developer NewQuest Properties has broken ground on a 19,000-square-foot, multi-tenant retail building in Richmond, a southwestern suburb of Houston. The building will be part of Phase III of The Grand at Aliana, a 65-acre development. The building is 75 percent preleased to Milano Nails, America’s Best, Five Guys, Dunkin’, Firehouse Subs and Buffalo Wild Wings Go. The stores and restaurants are expected to open next summer. Costco Wholesale anchors Phase III of the development and opened its doors earlier this year.
ALLEN, TEXAS — Newmark has negotiated an 15,000-square-foot office headquarters lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The tenant, Fibergrate Composite Structures, a provider of composite building materials and anti-slip surfaces, will move in to the 102,000-square-foot FARMWorks One building early next year. Nathan Durham and Duane Hendley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Mac Morse, Jakey Younger and Scott Morse with Citadel Partners represented the tenant.
FORT WORTH, TEXAS — Cheeseburger restaurant chain Smalls Sliders has signed a new franchise deal to open six new restaurants in the Fort Worth metro area. Franchisee Brett Stewart will operate the restaurants, which are dubbed “Cans.” Locations will include Fort Worth, White Settlement, Weatherford, Granbury, Cleburne and Stephenville. The first of the new units is scheduled to open in 2025. Smalls Sliders was founded in 2019 and now has a portfolio of more than 300 restaurants currently open or under development.
SAN ANTONIO — University Health has acquired a 142,500-square-foot office building in northwest San Antonio. According to LoopNet Inc., the property at 6200 Northwest Parkway was built in 2000 and includes 963 parking spaces. Russell Noll and Kelly Ralston of Transwestern represented the seller, Sentinel Net Lease LLC, in the transaction. Chad Gunter, also with Transwestern, represented University Health, which plans to utilize the property to expands its administrative and back-office operations. The healthcare provider operates two teaching hospitals and multiple outpatient clinics in the San Antonio area.