HOUSTON — Jeffrey Fript of Marcus & Millichap's Houston office, along with Paul Davis, Andrew Daitch and Seth Barnett of the firm's Detroit office, has facilitated the sale of the 478-unit Crestmont Apartment Portfolio in Houston on behalf of the seller, a limited liability company. The buyer, a Miami-based private investor, was secured by Marcus & Millichap's Gary Witten. Located at 5638 Selinsky Rd., the property will undergo renovations and upgrades to the existing units.
SILSBEE — Stan Johnson Co. has completed the sale of a 14,550-square-foot, free-standing Walgreens at 496 Hwy. 96 South in Silsbee, located north of Beaumont. Brandon Duff and Brad Feller of Stan Johnson Co. represented the seller, a Houston-based developer, while Stan Johnson Co.'s Jim Gibson represented the buyer, an individual investor also based in Houston, in the transaction. The free-standing Walgreens is situated on 1.71 acres.
CARROLLTON — Now Specialties Inc., an exterior wall system designer, fabricator and installer, has expanded its corporate headquarters, production and warehouse space at Country Club Place by signing a 45,178-square-foot lease to become the largest tenant in the three-building property. Now Specialties occupies the entire 25,000-square-foot Building 3 and 20,178 square feet of Building 2 at 2122 Country Club Pl. Brian Pafford of Bradford Commercial Real Estate Services negotiated on behalf of the landlord, Acquiport DFW.
HOUSTON — Val-Fit Inc. has leased a 170,017-square-foot warehouse space at 9051 Spikewood Dr. in Railwood Industrial Park in Houston. The landlord, Weingarten Realty Investors, was represented in-house by Mary Jo Giammalva, while Val-Fit was represented by John Ferruzzo, Chris Kugle and Dustin Gilloz of NAI Houston.
DALLAS — AccentCare, a home healthcare company, is relocating its corporate headquarters from Irvine, Calif., to Dallas. The company has signed a lease for nearly 33,000 square feet at Briargrove Pl., a Class A office property owned and managed by Crown Sterling Properties at 17855 N. Dallas Pkwy. in Dallas. Brian Griggs and Tom Dyer handled the transaction for Crown Sterling Properties, while Steve Jarvie of Jones Lang LaSalle represented AccentCare.
AUSTIN — Joe James and Kent Myers of Marcus & Millichap have represented both parties in the sale of the 90-unit Heritage Plaza Apartments in Austin. The apartment complex sits on a 3.8-acre site at 9121 N. Plaza in Austin. A California-based corporation sold the property to a local private investor.
HOUSTON — A site located at 22420 State Hwy. 249 in Houston that includes a vacant 54,768-square-foot Walmart facility has traded hands. Kiss Investment has sold the 4.67-acre site to P.S. Misstex, LTD, for an undisclosed amount. David Lee, Adam Ross and Courtney Carnahan of Transwestern represented P.S. Misstex, LTD, and Greg DeGeurin of DeGeurin Realty represented Kiss Investment.
HOUSTON — Max Movers Inc. has renewed its lease for 103,800 square feet of space at 1205 N. Post Oak Rd. in Houston. Andre' Granello, Barrett Gibson and Jeffery Peltier of Gibson & Granello Realty Partners represented Max Movers, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire and Marine Insurance Co.
RICHARDSON — Fossil Partners, L.P., a worldwide designer and distributor of fashion accessories, has leased 535,000 square feet of office space at the southeast corner of Central Expressway and Spring Valley in Richardson. Formerly home to Blue Cross Blue Shield of Texas (BCBSTX), the office space became available when BCBSTX moved into new headquarters in March 2010. Fossil is consolidating its employees from its two Richardson corporate offices into its new space. It's also moving distribution operations currently located at 2155 Campbell Creek in Richardson to previously leased space. KDC, a commercial real estate and investment firm, has leased the 535,000 square feet at Central Expressway and Spring Valley to Fossil, and will purchase the other three buildings vacated by Fossil as part of the transaction.
FORT WORTH — Cadence McShane Construction Co. has completed a 328,828-square-foot tenant improvement assignment within Building 700 of Fort Worth's RiverPark Business Center for Pratt Industries Inc., a vertically integrated paper, packaging and resource recovery company. Pratt Industries occupies the entire facility that includes 318,416 square feet for manufacturing purposes and 10,412 square feet for office space. Cadence McShane originally constructed the building as a speculative industrial site for developer Seefried Properties Inc. Alliance Architects provided the architectural services for the tenant improvement assignment for Pratt Industries.