HOUSTON — Cadence McShane Construction Co. has completed a build-to-suit industrial property for XL Parts, a direct-to-the-installer parts supplier, at 15701 Northwest Freeway in Houston. Phase I of the project included the reconstruction and build-out of a 12,017-square-foot shell office space within XL Parts' existing 187,620-square-foot industrial center. Phase II then encompassed the construction of a 101,650-square-foot build-to-suit industrial building. XL Parts' inventory exceeds 120,000 part numbers incorporating 175 product lines.
Texas
HOUSTON — Intertek Testing Services has signed two leases totaling 58,672 square feet in Houston. The company sublet 44,338 square feet of office space at Two Riverway, and Intertek Oil, Chemical and Agriculture Division leased 14,334 square feet of office space at 801 Travis St. Don Foster and Chad Beck of Jones Lang LaSalle represented the tenant in both transactions. Meanwhile, Scott Wegmann of Cushman & Wakefield and Justin Leighton of Studley represented the sub-landlord, CB&I, at Two Riverway office building.
IRVING — TXU Energy, which provides electricity and related services to more than 2 million customers in Texas, has renewed its 189,775-square-foot office lease at Las Colinas Urban Center in Irving. The location serves as TXU Energy's primary customer service call center. Brad Selner, Jon McNeil, Terry Darrow and Brooke Armstrong of Jones Lang LaSalle represented TXU Energy. C.E. Doc Cornutt represented the landlord.
FRISCO — Oracle America, Associated Network Providers and SEMbio Partners have all leased space in Duke Bridges III, a 160,263-square-foot Class A office building in Frisco. Oracle America, a business software and hardware systems provider, will occupy 48,652 square feet of space; Associated Network Providers, a wholesale long distance provider, will occupy 5,631 square feet of space; and SEMbio Partners, a recruiting company for the pharmaceutical industry, will lease 1,875 square feet. Greg Langston, Bret Hefton and John Flack with CRESA Partners represented Oracle and Billy Gannon with Cushman & Wakefield represented SEMbio Partners in their respective transactions. Meanwhile, Dale Ray and Joel Pustmueller with Peloton Commercial Real Estate represented the landlord, Duke Realty, on all three leases.
HALTOM CITY — USA Eagle Carports has acquired a 74,800-square-foot industrial building at 5700 E. Belknap St. in Haltom City, and leased 20,000 square feet back to the seller, Stevens Technology. Bradford Commercial Real Estate Services negotiated the sale of the industrial property, which is situated on 1.56 acres of land.
IRVING — Wells Core Office Income REIT has acquired Royal Ridge, a 119,000-square-foot Class A office building in suburban Dallas that is fully leased to JPMorganChase through 2020. The three-story building was built in 2005 and is located at 3929 John W. Carpenter Freeway in Irving. Brookfield Real Estate Opportunity Fund II sold the office property.
ROUND ROCK — Melograno at Teravista, a 320-unit luxury garden apartment community located at 401 Teravista Pkwy. in Round Rock has been acquired by a real estate investment partnership managed by Bethesda, Md.-based Crossbeam Capital and Houston-based Concierge Asset Management. The property was completed in 2008 and sold by Bryan, Texas-based Godfrey Residential Group.
SAN ANTONIO — Rare Hospitality International has purchased 1.71 acres of land from CR1604 Retail, LTD for a Longhorn Steakhouse restaurant at 5706 W. Loop 1604 North in San Antonio. Longhorn will be located in the Shoppes at Culebra shopping center. Hugh Ruggles of Texas/Southwest Group represented the buyer, while P.J. Pfieffer of Birnbaum Property Co. represented the seller.
WALLER — White Star Pump Co. has purchased a 21,000-square-foot industrial building situated on 15 acres at 41499 Cyrus Rd. in Waller. Sable Land Group sold the property. Travis Land and Michael Keegan of NAI Houston represented the buyer, while Brian Corriston of Caldwell Cos. represented the seller.
DALLAS — San Raphel, a 222-unit Class A apartment community in the Addison/Galleria area of Dallas has sold to Richmond Heights, Ohio-based Associated Estates Realty Corp., a real estate investment trust. Built in 1999, San Raphel is 95 percent occupied and has an average monthly rent per unit of $1,003.