RICHARDSON, TEXAS — Medical Practice Solutions has signed a 12,203-square-foot healthcare lease at 1125 E. Campbell Road in Richardson, a northeastern suburb of Dallas. According to LoopNet Inc., the building was constructed in 1997, renovated in 2019 and totals 205,817 square feet. Clint Madison, John Fancher and Zach Bean of Cushman & Wakefield represented the landlord, Stanton Road Capital, in the lease negotiations. Kent Smith of NAI Robert Lynn represented the tenant.
SOUTHLAKE, TEXAS — IKEA will open a small-format store within Park Village shopping center in Southlake, located in the northern-central part of the metroplex. According to local media sources, including NBCDFW, the store will span about 11,000 square feet. The new IKEA will also have space for personalized interior design planning and will serve as a pick-up hub for online purchases. The opening is slated for the fourth quarter. IKEA operates two large-format stores in the metroplex, one in Frisco and the other in Grand Prairie.
THE WOODLANDS, TEXAS — SVN | J. Beard Real Estate – Greater Houston has brokered the sale of a 10,406-square-foot retail building in The Woodlands, about 30 miles north of Houston. Constructed in 1974, the building houses the inline space of Grogan’s Mill Village Center. Jeff Beard of SVN | J. Beard represented the seller, a locally based limited liability company, in the transaction. The Howard Hughes Corp. purchased the asset for an undisclosed price.
HOUSTON — JLL has arranged the sale of Vue on MacGregor, a 347-bed student housing community that serves students at the University of Houston. Built in 2014, the community is located about a half mile from campus. Vue on MacGregor offers a mix of fully furnished one-, two-, three-, four- and five-bedroom units that were 96 percent occupied at the time of sale. Amenities include dedicated study rooms, a pool, two fitness centers, business center and a dog park. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Danielle Ric of JLL represented the seller, Trimont, and procured the buyer, Axonic Properties, in the deal.
ADDISON, TEXAS — Locally based developer JPI has begun construction on Jefferson Addison Heights, a 290-unit apartment community located in the northern Dallas metro of Addison. The complex will be situated on a three-acre site and rise five stories. Units will be furnished with stainless steel appliances and stone countertops, and amenities will include a pool, fitness center, clubhouse and a game room. Preleasing is scheduled to commence in October 2024.
FORT WORTH, TEXAS — Houston-based developer Alliance Industrial has broken ground on Point South Commerce, a 258,100-square-foot project that will be located about 10 miles south of downtown Fort Worth. The facility will feature 50 dock doors, two drive-in doors with ramps, 234 car parking spaces and 77 trailer parking stalls. Holt Lunsford Commercial is the leasing agent for the project, which is scheduled for a fourth-quarter delivery.
SAN ANTONIO — Seno Medical Instruments has signed a 26,719-square-foot office lease extension at Callaghan Tower in San Antonio. The building is located on the city’s north side and recently underwent a capital improvement program. Brian Harris, Todd Gold and Kim Gatley of REOC San Antonio represented the undisclosed landlord in the lease negotiations. The representative of the tenant was also not disclosed.
HELOTES, TEXAS — The Kiddie Academy, a national provider of comprehensive childcare and educational programs, will open an 11,000-square-foot early learning center in Helotes, a northwestern suburb of San Antonio. The Woodmont Co. is developing the facility, which is slated for a fourth-quarter completion. A pair of local franchisees will operate the facility.
HOUSTON — Locally based firm Clay Development is underway on construction of Main Central I, a 523,640-square-foot distribution center in Houston. The 33.4-acre site is located at the intersection of South Main/U.S. Highway 90 and the Fort Bend Toll Road on the city’s southwest side. Main Central I will feature a cross-dock configuration, 36-foot clear heights, parking for 151 trailers and 109 employee vehicles and an ESFR sprinkler system. Completion is scheduled for the third quarter. Clay Development has tapped Cushman & Wakefield to assist with its internal marketing and leasing efforts.
FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of financing for Meacham Commerce Center Building 1, a 334,750-square-foot industrial property in Fort Worth. The cross-dock facility was built on 19.4 acres in 2022 and features 36-foot clear heights, 70 dock-high doors, four drive-in ramps and parking for 240 cars and 103 trailers. Colby Mueck, John Beeler and John David Johnson of JLL arranged the loan through Protective Life Insurance Co. on behalf of the borrower, McCormack Commercial. Meacham Commerce Center will ultimately consist of four buildings totaling roughly 1.3 million square feet across 80 acres.