Texas

AUSTIN — Regency Centers has leased a combined 15,000 square feet of retail space in Austin to six new tenants: Pure Barre has opened 1,750 square feet of retail space at North Hills Town Center, which brings the center to 100 percent occupancy. CommUnity Care has leased 4,000 square feet of office space in the Hancock Center and is scheduled for a November opening. Mr. Gatti’s Pizza has leased 2,373 square feet of space in the Hancock Center and is scheduled to open in October. T-Mobile has leased 2,060 square feet of retail space in the Hancock Center and is slated to open this month. Gamerz has leased 2,177 square feet of retail space in the Hancock Center and is scheduled to open this month. Hancock Center is now at 97 percent occupancy. Brush 32 Dental Wellness Center has leased 2,784 square feet of retail space at Market at Round Rock shopping center and is slated for a September opening.

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DALLAS — Common Wealth Industrial Center, a 108,795-square-foot flex industrial center in Dallas, has received a $2.9 million loan through Summit Investment Partners. Thomas D. Wood Jr. of Thomas D. Wood & Co. secured the loan with a 10-year term and a 20-year amortization schedule with a fixed 5.85 interest rate. The center is a multi-tenant and is located at 3131 Irving Blvd.

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EDINBURG — Marcus & Millichap Real Estate Investment Services has brokered the sale of University Corners, a 10,700-square-foot retail property located at 1708 West University Drive in Edinburg. Philip Levy of Marcus & Millichap’s Fort Worth office represented the buyer, a private investor, and the seller, a developer. The property is shadow-anchored by Walmart and is located across the street from University of Texas-Pan-American.

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HOUSTON — Houston-based Jump Houston has leased 54,000-square-feet of space at the League America recreation complex. The facility is located at 10510 Westview Drive in Houston. Neil P. Martin of Finial Group represented League America and Marshall Clinkscales and Blake Gibson of Colliers International represented Jump Houston. League America is a recreation facility comprised of eight basketball and volleyball courts, baseball fields, weight rooms, dance rooms, sports shop and a restaurant.

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HOUSTON — Jacksonville, Fla.-based Regency Centers has leased a combined 8,600 square feet of retail space to four new tenants in the Houston market. Zoes Kitchen has leased 3,018 square feet at Sterling Ridge Village Center, which bring the center to full occupancy. Zoes is slated to open in December. Woodland’s Eye Center has leased 2,019 square feet at Indian Springs Center, which brings the center to full occupancy. Woodland’s Eye Center is expected to open in October. Orange Leaf Frozen Yogurt has leased 1,875 square feet at Sweetwater Plaza, bringing the center to 96 percent occupancy. Orange Leaf is scheduled to open in October. Orange Lunch Box has leased 1,700 square feet at Woodway Collection, which is undergoing redevelopment. Orange Lunch Box is slated to open in December.

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RICHARDSON — Tampa, Fla.-based Carter Validus Mission Critical REIT, Inc. has acquired a 20,000-square-foot data center for $28.9 million in Richardson. The property is 100 percent leased by a national health organization. The data center supports technology infrastructure equipment deployment on more than 10,000 square feet of 36-inch raised floor space. There are diverse feeds from two power substations what provide redundant power supporting 1.68 megawatt of critical load power, expandable to 2.25 megawatts.

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SAN ANTONIO — Jackson, Miss.-based EastGroup Properties has begun the development of two new industrial buildings in San Antonio. Thousand Oaks I and II will be 109,000 square feet with a combined projected cost of $9.62 million. Thousand Oaks is scheduled to be complete in the first quarter of 2012. The company owns 1.2 million square feet in the north central submarket that is currently 97 percent leased.

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DALLAS — Dallas-based Stream Realty has been awarded the exclusive management and leasing provider for DFW Distribution, a 498,800-square-foot distribution center, by Clarion Partners. The distribution center is in the Dallas Fort Worth International Airport submarket located at 171 West Airfield Drive. Cannon Green and Blake Kendrick of Stream Realty will lead the leasing efforts.

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Industrial real estate activity is up in the El Paso/Juarez, Mexico metro area, indicating that the recession-driven slump, which had been intensified by reported violence on the border, has not deterred companies from making long-term commitments to the region. The increase in industrial leasing and sales, as well as improved employment statistics and increasing commercial truck crossing data are all positive signs for the future of the local industrial economy. The industrial market in El Paso and Juarez totals 115 million square feet split between two countries and is an intersection of international manufacturing firms, global supply chains and the local economy. During the past 3 years both the global recession and security situation in Mexico have reverberated across the industrial market. However, industrial leasing and sale activity is up on both sides of the border, with Juarez leading the way at 658,000 square feet of net absorption during the first 6 months of the year, and El Paso recording 264,000 square feet. However, El Paso was the first city to start the rebound in 2010 with almost 600,000 square feet of net industrial absorption in the second half of the year. Both markets have seen industrial vacancy levels recede …

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