IRVING — Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc., has opened a 3,200-square-foot office in Irving, which will serve as the subsidiary’s Texas headquarters. The office is located at 1200 Walnut Hill Lane, Ste. 1300 in Irving. Ben Appleby Sr. of PM Realty Group was lead broker for Pepco’s expansion. Pepco Energy has completed more than 450 energy services projects in the past 15 years worth more than $850 million.
FORT WORTH — Boston-based STAG Industrial has acquired two properties in a $17.9 million deal, a 101,500-square-foot industrial facility in Forth Worth and a 420,690-square-foot industrial facility in Gresham, Ore. The Forth Worth manufacturing and distribution facility sits on 5.95 acres and is 100 percent leased to Ecolab, which has approximately seven years left on its term. The facility is located at 1801 Riverbend West Dr.
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.
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.
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.
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.
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.
FRISCO — Centro Properties Group U.S. has opened Mojitos Restaurant and Willetts Sew and Vac Essential at The Market at Preston Ridge in Frisco. Mojitos has opened in 2,467 square feet, while Willetts Sew and Vac Essential leased 2,400 square feet. Centro Properties, which owns The Market at Preston Ridge, was represented in-house by Mike Watson.
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.
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.