IRVING, TEXAS — Two brokerage firms, Fort Worth-based The Woodmont Co. and California-based Hanley Investment Group, have arranged the sale of Story Crossing, a 6,038-square-foot retail strip center in Irving. The center was fully leased at the time of sale to tenants such as Starbucks, T-Mobile and CBD Kratom. Russel Wehsener of Woodmont and Jeff Lefko of Hanley represented the undisclosed seller in the transaction. Compass Group represented the buyer, which also requested anonymity.
WILMER, TEXAS — J&C Warehouse has signed a 271,339-square-foot industrial lease in the southern Dallas suburb of Wilmer. The company will occupy the entirety of ALTO Intermodal 45, a newly built cross-dock building. Building features include 40-foot clear heights, 99 car parking spaces (expandable to 267), 47 dock-high doors and 3,986 square feet of office space. Ben Wallace, Chris Teesdale and Tom Pearson of Colliers represented the landlord, ALTO Real Estate Investments, in the lease negotiations. Adam Jones of Stream Realty Partners represented the tenant.
LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial has broken ground on a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is expected to be complete by summer 2025.
HOUSTON — Locally based developer Gauge Real Estate Partners has begun construction of a 192,660-square-foot industrial project in southeast Houston. Gauge Southgate will consist of three front- and rear-load buildings that will range in size from 33,600 to 81,900 square feet and feature 28- to 32-foot clear heights, as well as a total of 49 dock-high doors, 139 car parking spaces and roughly 7,500 square feet of office space. Stream Realty Partners is marketing the project for lease. Delivery is slated for the second quarter of 2025.
AUSTIN, TEXAS — Stream Realty Partners has negotiated a 120,440-square-foot industrial lease in southeast Austin. The tenant, shipping logistics company Hotline Delivery Systems, is taking space at ATX 130, a four-building, 602,4000-square-foot development. Lena Thomas and Ryan Boozer of Stream represented the tenant in the lease negotiations. AQUILA Commercial represented the landlord, North Texas-based Jackson-Shaw, which broke ground on ATX 130 in spring 2023.
MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of the Baymont Inn & Suites Midland Center, a 76-room hotel in West Texas. The three-story hotel was built in 2016 and offers amenities such as a hot breakfast bar, business center and a fitness center. Allan Miller of Marcus & Millichap represented the undisclosed seller in the transaction and procured an out-of-state private investor as the buyer. Chris Gomes of Marcus & Millichap assisted in closing the deal as the supporting broker.
CONROE, TEXAS — BroadRange Logistics has signed a 1.2 million-square-foot industrial lease in Conroe, about 40 miles north of Houston. The third-party freight company is taking the entirety of Northport Logistics Center, which features 40-foot clear heights, 190-foot truck court depths, 273 trailer parking stalls and 224 loading dock doors. J.R. Wright and Russell Hofstetter of Atlanta-based Strategic Real Estate Partners represented the tenant in the lease negotiations. Nathan Wynne, Jason Dillee and Ed Frantz of CBRE represented the landlord, a partnership between locally based developer Lovett Industrial and private investment firm Cresset Partners. Construction of Northport Logistics Center began in September 2022.
LEWISVILLE, TEXAS — Locally based developer Bright Realty has completed Crown Centre II, a $50 million office project located in the northern Dallas suburb of Lewisville. The four-story, 147,000-square-foot building is situated within Bright’s Crown Centre mixed-use development. Dallas-based Rudick Construction Group served as general contractor for the project, construction of which began in April 2023. Crown Centre will ultimately feature up to 2,000 multifamily units, 3 million square feet of office space, 500 hotel rooms and 140,000 square feet of retail, restaurant and open green space.
SUGAR LAND, TEXAS — CBRE has brokered the sale of First Colony Commons, a 379,829-square-foot retail center located in the southwestern Houston suburb of Sugar Land. Seafood City anchors the property, which was 97 percent leased at the time of sale. Mark Witcher, Chris Cozby, Jim Batjer, Harrison Tye and Jolie Duhon of CBRE represented the seller, TriGate Capital, which bought the property seven years ago, in the transaction. Ryan Watson of CBRE arranged acquisition financing on behalf of the buyer, Dhanani Private Equity Group.
AUSTIN, TEXAS — Locally based investment firm Resolute Capital Partners has purchased Thornton Flats, a 104-unit apartment complex located in south-central Austin. Built in 2017, the garden-style property offers one- and two-bedroom units that feature private balconies/yards. Amenities include a courtyard with a kitchen, fire pit and hammocks, as well as a lounge, business center and a dog park. Patton Jones and Andrew Dickson of Newmark represented the undisclosed seller in the transaction.