HOUSTON — Nikooi Group has purchased a 2,144-square-foot retail center from Kapadia Group. The center is located at 9202 Airport Blvd. in Houston. Hossein represented Nikooi Group in-house and Clay Rabel of Colliers International represented Kapadia in the transaction.
FORT WORTH — Regus Group-North Dallas has renewed its lease of 19,764 square feet of office space at the Western Insurance Building in Fort Worth. Chris Wright and Noreen Mehdi of Grubb & Ellis Co. represented Bridgestone Realty, part of The Navika Group of Companies, in the transaction. Western Insurance Building is an 84,831-square-foot Class A office building located at 5601 Bridge St. Wright and Mehdi worked with Bridgestone’s Naveen C. Shah and Chirag Tolia in the transaction.
TEXAS –– Production Resource Group has leased 45,197 square feet of industrial space at 8607-8617 Ambassador Row in Dallas from LIT Industrial Texas. Jake Marks and John Hendricks of CB Richard Ellis (CBRE) represented the landlord and Bob Spletter of NAI Robert Lynn represented the tenant. Other leases include: Total Distribution & Logistics has leased 30,000 square feet of industrial space at 1625 Vantage in Carrollton from CRP-2 Holdings. Corbin Crews of CBRE represented the landlord. LB Hausys America Inc. has leased 42,672 square feet of industrial space at 500 Enterprise Dr. in Flower Mound from Hillwood Investments. CBRE’s Nathan Lawrence represented the landlord in the transaction. Samsung Telecommunications America has leased 20,104 square feet of office space at 2505 North Plano Road in Richardson from Plano Lookout Partners Ltd. Pat O’Keefe and David Liggitt of CBRE represented the tenant. Verizon Wireless Portfolio Mgmt. has leased 4,026 square feet of retail space at 6001 Skillman in Dallas from TC Timbercreek Associates. CBRE’s Jeff Kittleson represented the landlord and Daniel Taylor of CBRE represented the tenant. Smile Workshop-Timber Creek PLLC has leased 3,500 square feet of retail space at 6001 Skillman in Dallas from TC Timbercreek Associates. Scott Head and Jeff …
LUBBOCK –– Austin-based American Campus Communities has begun construction on a $34.8 million student-housing complex near Texas Tech University in Lubbock called The Village at Overton Park. The 612-bed development will include a 7,400-square-foot community center and is located across University Avenue from Jones AT&T Football Stadium. The project is expected to be opening in fall 2012.
CEDAR PARK –– AAA Storage Water Tower has purchased Water Tower Storage, a 56,000-square-foot facility that has 376 self storage units and 9 boat/RV spaces. The facility is located on New Hope Road in Cedar Park. Joe Linsalata of Linsalata Realty Services represented the buyer and Erwin Lewis represented the seller, LPG warehouses.
HOUSTON –– Melrose, an apparel, shoes and accessories store, and Gold & Silver Buyers & Sellers will be joining North 45 Plaza in Houston. Melrose will occupy a 16,132-square-foot store and Gold & Silver will occupy a 2,369-square-foot space. Abe Charski of Abe Charski Interest Inc. represented Melrose in the lease negotiations and Kay Walker represented of Centro Properties Group, which owns North 45 Plaza, in-house.
MISSOURI CITY –– The Allied Group has purchased Building 3, a 152,800-square-foot industrial facility, in the Lakeview Business Park located at 14623 Fairway Pines Drive. The Allied Group also purchased 31 acres of land in addition to Building 3. The facility will house The Allied Group’s subsidiary Warren Alloy Valve & Fitting Co. Alexander Reilly and Bo Pettit of Boyd Commercial represented the sellers, Trammell Crow Company and affiliates of Crow Holdings Realty Partners IV, and Matt Minnis of CB Richard Ellis and Jim Vann of J. Vann Realty represented The Allied Group.
HOUSTON –– ION Geophysical Corp. has renewed its lease for its 115,056-square-foot office space in CityWestPlace, a 1.47 million-square-foot office campus in Houston. Chip Colvill, Michael Anderson and Win Haggard Jr. of Colvill Office Properties represented the landlord, TPG/Cal/STRS, a joint venture of Thomas Properties Group and the California State Teachers’ Retirement System. Mark O’Donnell of Studley Houston headed lease negotiations on behalf of ION Geophysical. CityWestPlace has tenants ranging from a hair salon to a laundry service spread across its 30 acres.
DALLAS –– NorthMarq Capital has arranged first mortgage financing of $16.5 million for an 11 building portfolio spread across Dallas and Houston. The properties make up 1.6 million square feet of industrial space. Bart Dickinson of NorthMarq’s Dallas office arranged the loan on a 10-year term with a 15-year amortization schedule through its correspondent relationship with Nationwide Insurance.
MISSOURI CITY –– Murphy Oil USA has purchased a 1.64-acre parcel of land at 6302 Hwy. 6 in Missouri City for a new full service station. Mark Sondock of New Quest represented Murphy Oil and John Novak of Colliers International represented the seller, Missouri City 6, LP.