DALLAS — BKM Capital Partners has purchased a portfolio of three industrial properties totaling 200,343 square feet in Texas. The properties include Plaza Circle II, which consists of 68,043 square feet across four buildings in Dallas-Fort Worth’s South Stemmons submarket; GSW Circle I, which comprises 73,600 square feet across five buildings in Grand Prairie; and Kinghurst Circle, which totals 58,700 square feet across two buildings in southwest Houston. Trent Agnew, Charlie Strauss, Tom Weber, Pauli Kerr, Lance Young, Brennan Fewin and Alex Fronterhouse of JLL represented the seller, California-based Circle Industrial, in the transaction. The portfolio was 98 percent leased at the time of sale.
ANNA, TEXAS — Locally based firm ONM Living has begun leasing a 196-unit build-to-rent community in the North Texas city of Anna. Cottages at Anna Station offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
SPRING, TEXAS — Tetra Technologies has signed a 61,975-square-foot office headquarters lease in Spring, a northern suburb of Houston. The energy services company will occupy space at 10000 Energy Drive, a two-building, 563,716-square-foot complex that was completed in 2014. David Baker, Elliott Hirshfeld and Kristen Baker of Newmark represented the landlord, Spear Street Capital, in the lease negotiations. Caleb Lawson of Flatrock Commercial Real Estate Group represented the tenant.
PRINCETON, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the sale of Princeton Plaza, an 11,266-square-foot retail strip center located roughly 40 miles northeast of Dallas. The newly constructed center was fully leased at the time of sale to tenants such as Tropical Smoothie Café, Pizza Hut, Hotworx, Modern Nail Bar, Princeton Dental and 380 Smoke & Vape. Nick Miller and Shaun Riley of Faris Lee represented the buyer, a local investor, in the transaction.
LAVON, TEXAS — Locally based firm ONM Living has begun leasing a 268-unit build-to-rent community in Lavon, a northeastern suburb of Dallas. Cottages at Lake Lavon offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
IRVING, TEXAS — Fort Worth-based investment firm PHP Capital Partners has purchased Gateway Business Center, a 115,000-square-foot industrial park in Irving. The development consists of four buildings that house suites that range in size from 2,500 to 16,000 square feet. The seller and sales price were not disclosed. PHP Capital has tapped Property Advisers Realty Inc. as the leasing agent.
LUBBOCK, TEXAS —SIMFLO, a locally based provider of vertical and submersible turbine pumps, has opened a 30,000-square-foot industrial and office facility in the West Texas city of Lubbock. The facility functions as a quality control center for conducting inspections on all components not manufactured in-house and is part of SIMFLO’s existing corporate campus. The facility is expected to be fully operational by early to mid-January.
FORT WORTH, TEXAS — Bag Supply Co. LLC has signed an 18,000-square-foot industrial lease in East Fort Worth. The tenant is relocating from nearby Everman to the newly renovated building at 5911 E. Rosedale St. Cade Navarro of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Brett Carlton and Forrest Cook of Stream Realty Partners represented the undisclosed, Boston-based landlord.
MONT BELVIEU, TEXAS — McGrath Real Estate Partners has broken ground on Mill House, a 16,956-square-foot retail project in Mont Belvieu, located east of Houston. Mill House will be located within Riceland, a 1,500-acre, master-planned development. Mirador Group is the project architect, and SPD Construction is the general contractor. Palo Duro Commercial Partners is the leasing agent. Completion is slated for next summer.
TEXAS — KeyBank Real Estate Capital has provided $157.2 million in financing for a portfolio of seven skilled nursing facilities in Texas. The facilities are located in Mission, McAllen, Weslaco, Rio Grande City, Spring, Seguin and Eagle Pass. The number of beds was not disclosed. Grant Saunders, Peter Trazzera and Patrick Gilbreath of KeyBank originated the financing, which carries a 35-year term and a fixed interest rate, through the FHA’s 232/223(f) mortgage insurance program. The borrower is Wellsential Health.