DALLAS-FORT WORTH —Scott Head and Mike Friedman of CB Richard Ellis (CBRE) represented Winghouse of Addison LLC in the sale of 7,423 square feet of retail space at 4080 Beltline Rd. in Addison to 4080 BLR Ltd, which was represented by Ty Underwood of SLJ Co. In addition, CBRE completed multiple office leases in the DFW area including: Denbury Resources leased an additional 49,804 square feet at 5230 Legacy Dr. in Plano from Legacy Campus LP. Jeff Ellerman of CBRE represented the tenant, while John Brownlee of Koll Development Co. represented the landlord. STA Travel renewed its 16,208-square-foot lease at 750 State Hwy. 121 in Lewisville from TIC Properties Management. Robert Blount and Jeff Ellerman of CBRE represented the tenant, while John Hoctor of Altschuler Hoctor Co. represented the landlord. Regus Group-North Dallas leased 14,802 square feet at 2435 Central Expressway in Richardson from Equastone Palisades II. Steve Rigby, Baron Aldrine, Peter Danna, Mike Kay and Mike Cleary of CBRE represented the tenant. Finally, Green Bank leased 6,303 square feet at 5950 Sherry Ln. in Dallas from RREEF Sherry Lane LP. Dennis Barnes and Michael Dudley of CBRE represented the landlord, while Craig Wilson, Randy Cooper and Greg Biggs of …
Texas
FORT WORTH — Jones Lang LaSalle (JLL) has completed two new leases in Fort Worth. X-Chem leased 12,736 square feet of office and industrial space, including 6.74 acres of fenced outside storage, at 1154 Blue Mound Rd. in Fort Worth. George Curry and Will James of JLL represented the landlord, Florence LLC, while Gary Collett of Cushman & Wakefield of Texas represented the tenant. Also, Richland Resources sublet 5,433 square feet at Carter Burgess Plaza. David Walters and Will James of JLL represented the tenant, while Craig Wilson and Rick Hughes of Cushman & Wakefield of Texas represented the sub-landlord, Jacobs Engineering Group.
SAN ANTONIO — Legacy Heights, a 306-unit Class A multifamily property has sold in San Antonio for an undisclosed amount. Located at 1320 Austin Hwy., it sits on 13.6 acres and includes one-, two- and three-bedroom units that are fully leased. Amenities include a clubhouse with a game room, a fitness center and a swimming pool. Craig LaFollette, Todd Stewart, Todd Matrix, Tre Banks and Chris Curry of Holliday Fenoglio Fowler (HFF) represented the seller, a joint venture between Nationwide Insurance Co. and Embrey Partners Ltd. Crow Holdings Realty Partners V, LP, the latest real estate fund from Crow Holdings, purchased the property.
HOUSTON — The Houston office of Holliday Fenoglio Fowler (HFF) has closed the sale of a 14-property self-storage portfolio located in Texas, California, Florida, Hawaii, Louisiana, New Jersey, New York and Pennsylvania. Aaron Swerdlin and Doug McCarron of HFF represented the unlisted seller. Public Storage purchased four properties in California and one in Hawaii totaling 3,528 units. Meanwhile, Metro Self Storage bought the remaining nine properties totaling 5,395 units.
SAN ANTONIO — Dallas-based Glazer's Distributors, a distributor of wine and spirits, plans to invest $26 million to build a marketing and distribution center near Port San Antonio through a 10-year, 100 percent tax abatement approved by San Antonio's city council. The 250,000-square-foot facility will sit on a 35-acre site at SH 151 and South Callaghan Road that the city of San Antonio sold for $1.5 million. Con-way Freight, a logistics company, also plans to expand by the end of 2015 through an $8.5 million expansion and relocation to the Cornerstone Business Park at 1511 Cornerway Blvd. in San Antonio. The city council is considering approving a 6-year, 35 percent abatement and economic development grant with a combined value of $178,400.
HOUSTON — 3900 Essex, a 235,620-square-foot Class A office building in the Greenway Plaza submarket of Houston, has sold for an undisclosed amount. Beacon Investment purchased the property from 3900 Essex LP, an affiliate of Fuller Realty Partners, and Aquinas Essex, an affiliate of Aquinas Cos. Dan Miller and Martin Hogan of Holliday Fenoglio Fowler (HFF) represented the sellers, and Susan Hill of HFF arranged the fixed-rate acquisition financing for Beacon Investment through Goldman Sachs Commercial Mortgage Capital LP. Tenants at 3900 Essex include Thomson Reuters, Bank of Houston, Open Solutions, Aquinas Cos. and Mohle Adams.
DALLAS — Crescent Real Estate Holdings has completed 14 new or renewal leases with financial companies at the Crescent Office Towers in uptown Dallas. Among the renewal leases for a total of 105,299 square feet were Morgan Stanley Smith Barney at 34,515 square feet, Maverick Capital at 30,575 square feet and Goldman Sachs at 21,611 square feet. New leases for a combined 40,602 square feet included Citicorp NA at 11,804 square feet and Jeffries & Co. at 7,900 square feet.
GARLAND AND FARMERS BRANCH — The Dallas office of Duke Realty Corp. has secured renewal leases with DAP Products, a marketer of caulks, sealants and adhesives, and Balcones Recycling, a company that converts waste products into resources. DAP Products, represented by Cash McWhorter and Larry Kell of Colliers International, has renewed for 130,900 square feet in Duke's International II, a 283,600-square-foot warehouse/distribution center in Garland. Meanwhile, Balcones Recycling, represented by Blake Rendrick and Will Nichols of Stream Realty Partners, has renewed for 96,400 square feet in Duke's Two Valwood Park, a 126,800-square-foot industrial facility in Farmers Branch. Randy Wood and Curt Hefner represented Duke in the lease transactions.
EL PASO — The $31 million University Medical Center (UMC) of El Paso has opened. It is the first building completed in a $315 million campus renovation project. The facility includes a level-one trauma center and operating suites. The second phase of the project will be to double the size of the medical center's emergency department by gutting the existing trauma center. It is slated to open next summer.
DALLAS — The Marriott brand has taken over management of the former 407-room Westin City Center in the Plaza of the Americas complex located at 650 N. Pearl St. in Dallas. The hotel will undergo a renovation during the next year with a remodeling of the guest rooms and a creation of a fitness facility that overlooks downtown. Oak Brook, Ill.-based Inland American Real Estate Trust owns the property and it's managed by Marriott International under a long-term agreement.