HOUSTON — A partnership between Chicago-based investment firm Blue Vista Capital Management and Rycore Capital has acquired Techniplex Business Center, a two-building, 78,116-square-foot industrial property in northwest Houston. The first building exclusively offers industrial space with 18-foot clear heights and dock-high loading doors. The second building houses both industrial and lab space and offers 12-foot clear heights and grade-level doors. The seller and sales price were not disclosed.
EL PASO, TEXAS — Adolfson & Peterson Construction has completed a two-building, 52,000-square-foot healthcare project at Rio Vista Behavioral Health Hospital in El Paso. The project delivered 40 inpatient beds, outdoor recreation spaces and a one-story outpatient center. The project team also renovated 5,000 square feet of the existing 12-bed facility and added 14,000 square feet of parking space. Stengel Hill Architects designed the project. Construction began in February 2022.
FORT WORTH, TEXAS — Matthews Real Estate Investment Services has arranged the sale of Amberwood Apartments, a 62-unit multifamily complex in Fort Worth. The property was built in 1969. A partnership between an entity doing business as Bakerson LLC and Massive Capital purchased the asset from an undisclosed seller. Jared Rice and Harris McKay of Matthews brokered the deal.
HOUSTON — Source Vital, a provider of beauty and cosmetics products, has signed a 7,892-square-foot retail lease in Houston’s Post Oak district. According to LoopNet Inc., the property at 1291 N. Post Oak Road was built in 1983 and totals 58,050 square feet. Ryan Hartsell of Oxford Partners represented the tenant in the lease negotiations. Kyle Whieldon represented the landlord, Prologis, on an internal basis.
GRAPEVINE, TEXAS — Design-build firm ARCO/Murray will construct a 972,380-square-foot speculative industrial facility in Grapevine, located in the northern-central part of the metroplex. The developer was not disclosed. Phase I will consist of a 200,340-square-foot, rear-load warehouse that will feature 37 dock positions, two drive-in ramps, 119 car parking spaces and 49 trailer parking stalls on a 16-acre site. The building is designed to accommodate up to four tenants. Phase II will include three buildings totaling 772,040 square feet (504,000, 183,040 and 85,000 square feet) with a total of 216 dock positions, eight drive-in ramps and 700-plus car parking spaces on the remaining 72 acres. All necessary approvals have been secured, and construction is set to begin in September.
ROCKWALL, TEXAS — CTO Realty Growth has acquired Plaza at Rockwall, a 446,500-square-foot retail power center located on the eastern outskirts of Dallas, for $61.2 million. The center sits on 42 acres and was 95 percent leased at the time of sale to tenants such as Best Buy, Ulta Beauty, Dick’s Sporting Goods, J.C. Penney, Belk, Five Below and HomeGoods. The seller was not disclosed.
MIDLAND, TEXAS — JLL has negotiated the sale of Atlas Self Storage, a 116-unit facility located in the West Texas city of Midland. The facility spans 18,120 net rentable square feet and was 95 percent occupied at the time of sale. Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza of JLL represented the locally based seller and procured the buyer, KO Storage, in the transaction.
HOUSTON — Video production agency Captiv Creative has signed a 14,774-square-foot industrial lease within Brookhollow West Business Park in northwest Houston. According to LoopNet Inc., the property at 9777 W. Gulf Bank Road was built in 1977, totals 251,569 square feet and features 18-foot clear heights. Jason Gibbons of Finial Group represented the tenant in the lease negotiations. Craig Bean of Transwestern represented the landlord.
CONROE, TEXAS — Locally based brokerage firm SVN | J. Beard Real Estate – Greater Houston has arranged the sale of an 8,320-square-foot office building in Conroe, about 40 miles north of Houston. The property was built in 1973. Linda Crumley of SVN | J. Beard represented the seller in the transaction. Brittany Jameson, also with SVN | J. Beard, represented the buyer, Milstead Properties LLC.
FRISCO, TEXAS — Locally based developer Dalfen Industrial has broken ground on Frisco Trade Center, a three-building, 575,000-square-foot speculative project that will be located on the northern outskirts of Dallas. Building 1 will span 262,354 square feet and feature 185-foot truck court depths, 36-foot clear heights, 51 dock-high doors and two drive-in doors. Buildings 2 and 3 will both total 159,451 square feet and offer 32-foot clear heights, 36 dock-high doors and two drive-in doors each. All three buildings have rear-load configurations and onsite trailer parking. JLL is marketing the development for lease. Completion is slated for the fourth quarter.