MISSOURI CITY – LT Foods USA, an importer and distributor of food products, has purchased the 38,337-square-foot Building I within Lakeview Business Park in Missouri City. The company will operate as Kusha, the leading distributor of Basmati Rice and Jasmine Rice. Lakeview Business Park is a 157-acre development of Trammell Crow Co. and Crow Holdings Realty Partners IV, LP located near the Sam Houston Parkway, U.S. Highway 90-A and the Fort Bend Parkway.
Texas
DALLAS – Maple Crossing shopping center, 12,722-square-foot retail property anchored by Family Dollar and Smile Builders Dental Center, has been sold. Located at 4807 Maple Ave. in Dallas, the property was purchased by a partnership managed by Dallas-based Merritt Capital Partners, LTD from LNR Partners for an undisclosed amount. Brad Cruickshank of The Woodmont Company represented LNR Partners in the transaction.
MCKINNEY – The Texas Transportation Commission has approved a $120,000 grant to Collin County Regional Airport in McKinney to update its airport layout plan. The current plan, developed during a master plan study in 2004, includes a new runway that is currently under construction and expected to be complete in 2012. Completion of the runway will mark the conclusion of the current airport layout plan and a $71 million capital program. It will also mark the beginning of a new plan designed to outline and guide airport expansion through the next decade. The Texas Department of Transportation’s Division of Aviation will fund $108,000 and the McKinney Airport Development Corp. will fund a matching share of $12,000 or 10 percent of the total grant, which is also the estimated project cost.
CARROLLTON – A 67,245-square-foot industrial building has sold at 1711 Briercroft Ct. in Carrollton for an undisclosed amount. Nathan Denton of Lee & Associates represented the seller, CW Capital, and Mark Hull of Lee & Associates represented the buyer, Walter Floyd.
PLANO – Verizon Wireless has leased 2,300 square feet of retail space at Signature Plaza in Plano. Located at the intersection of Coit Road and Highway 121, the 106,184-square-foot shopping center is home to Kroger, State Farm Insurance, The UPS Store and Chase. Daniel Taylor of SRS Realty represented Verizon, while Ryan Griffin represented Regency Centers in the lease transaction.
ARLINGTON – Asian King Buffet has leased 9,092 square feet of space at the Carriage Plaza shopping center located at Interstate 30 and North Collins Street in Arlington. Scott Rose of the Retail Connection negotiated the lease with KC Cheah and Shirley Tan of Pacific Century Realty.
DALLAS — Holly Corp., an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and specialty lubricant products, has relocated its headquarters in Dallas' Harwood district at 2828 N. Harwood. The company has taken 36,000 square feet of space on two floors of the Class A office building. Jihane Boury and David Roehm represented Harwood International, the landlord, while Bill McClung and Mike Wyatt of Cushman & Wakefield of Texas represented Holly Corp.
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 …
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.