GRAPEVINE — Dallas-based Venture Commercial, through its Venturetainment Division, has completed two leases for Merlin Entertainments Group, bringing LegoLand Discovery Center and a Sea Life Aquarium to Texas for the first time. The two attractions will open later this year in the Grapevine Mills Mall. LegoLand will occupy approximately 35,000 square feet and Sea Life will occupy approximately 45,000 square feet. Jonathan Cooper and Larry Leon of Venture Commercial assisted Howard Samuels of Samuels & Co. representing the two tenants. Gregg Goodman represented Mills/Simon in-house.
HOUSTON – Blackmon-Mooring of Houston, a commercial cleaning company for fire, water, upholstery and carpet damage, has renewed its lease of 70,458 square feet of warehouse space at Beltway 8 Business Park in southwest Houston. Will Hedges of DCT and Jon L. Michael of NAI Houston represented the landlord, DCT Industrial Trust. Chris Mason, Santee Hathaway and Andy Iverson of Jackson Cooksey represented Blackmon-Mooring.
MCKINNEY — Houston-based PM Realty Group, a national, full-service real estate firm, has broken ground on McKinney Medical Plaza, a three-building, 21,617-square-foot medical office complex, on Virginia Parkway near the intersection of Ridge Road in McKinney. The medical development is located within a 5-mile radius of five separate hospitals. Its launch follows the recent completion of the 120,000-square-foot Texoma Medical Plaza, another PM Realty property.
CARROLLTON — Carrollton-based Accor North America, an owner/operator of economy lodging, opened 58 hotels across the country in 2010, including 55 Motel 6 hotels and three Studio 6 properties, totaling more than 4,800 rooms. The 2010 additions cover 20 U.S. states and one Canadian province. Additions to the Motel 6 network in Texas included Amarillo, Bedford, Brownsville, Cedar Park, Dallas, Eagle Pass, El Paso, Fort Worth, Irving, Katy, Marble Falls, Nacogdoches, Port Arthur, Rosenberg, Seguin, Valley View and Wichita Falls.
HOUSTON — Christian Brothers Automotive, a 4,921-square-foot property located at 9130 West Rd. in Houston, has traded. Jason Vitorino of Marcus & Millichap's Dallas office represented the seller, a Houston-based limited partnership. The buyer, a Tennessee-based private investor, was represented by Harrison Truex of Marcus & Millichap's Atlanta office. Built in 2008, the investment has a 15-year primary term net lease which provides for zero landlord responsibility.
KATY — Bill Heavin and Matthew Herring of Grubb & Ellis represented WoodCreek Development Co. in its sale of 11 acres of land at the intersection of FM 529 and Katy Hockley Road in Katy. John B. Porter and Betty J. Porter purchased the land and were represented by Mason Evers of Landstar Realty Advisors. In addition, Doug Nicholson of Grubb & Ellis represented Paul G. Sirota is the sale of a 17,500-square-foot industrial building located at 608 Pederson Rd. in Katy. Kent Brownell purchased the property and represented himself.
HOUSTON — Ten West Corporate Center II, a 250,260-square-foot Class A office building in Houston's Energy Corridor, has sold. Located at 17404 Katy Freeway within the Park Ten Office Park, the office property was completed in 2006 and is fully leased to Mustang Engineering, a wholly owned subsidiary of the John Wood Group, LC. Minneapolis-based Founders Properties, represented by Rusty Tamlyn, Dan Miller and Trent Agnew of Holliday Fenoglio Fowler's (HFF) Houston office, sold the property to ING Clarion Partners. ING purchased the property on behalf of a commingled fund advised by the firm. Mustang Engineering and its affiliates occupy more than 1 million square feet of space in Park Ten Office Park.
DALLAS — RETransform, a business services corporation serving the real estate industry, has acquired Dallas-based PropertyView Solutions, a provider of property management and accounting software. PropertyView Solutions' Peak and Remanage products are fully integrated property management and accounting software solutions for both commercial and residential real estate markets. Peak's unit-based system includes all prospect and applicant information, resident management including demographics, vendor management, work orders, property information, reporting, accounts receivable, accounts payable, general ledger, purchase orders and budgeting. Peak is geared to multifamily, homeowner associations, single-family, commercial and mixed-use real estate portfolio management. Remanage is leased-based, making it more suitable for student housing and corporate leasing.
TULSA, OKLA. — Farmington Hills, Mich.-based Agree Realty Corp. has sold two single-tenant properties in Tulsa leased to Borders, Inc. containing approximately 50,000 square feet for close to $6.7 million. Agree Realty owns, manages and develops properties that are primarily single-tenant properties leased to major retail tenants and neighborhood community shopping centers. It has a portfolio of 79 properties in 17 states with 3.5 million square feet of space.
GRAND PRAIRIE — Keystone Automotive Industries has leased 168,000 square feet of industrial and distribution space at Grand Lakes I in Grand Prairie. Dan Cook and Mark Becker of Cushman & Wakefield of Texas, along with Jake Bobek of Cushman & Wakefield Los Angeles, represented Keystone, while Curt Hefner of Duke Realty represented the landlord, Duke Realty Limited Partnership. The lease allows Keystone, a subsidiary of LKQ Corp., to consolidate two Dallas-Fort Worth locations, while expanding its facility, in a more centralized location.