GRAND PRAIRIE, TEXAS — Lexington Realty Trust has sold a 49,340-square-foot retail building to Dallas-based Component Capital Group for an undisclosed amount. The property, a former Carnival grocery store, sits on 3.79 acres of land at Carrier Crossing in Grand Prairie. The Weitzman Group's Greg McDonald brokered the sale.
DENTON, TEXAS — Technology Resource Center of America has purchased an 88,000-square-foot warehouse from Baker Distributing dba Weatherol Supply Co. The sales price was not disclosed. Located at 2600 E. University Drive in Denton, the property will become TRCA's new corporate headquarters. Dan Spika of Henry S. Miller Brokerage arranged the transaction.
FORT WORTH, TEXAS — Robinson Family Trust has sold a 14,886-square-foot medical office building to Alberto Flores MD for an undisclosed amount. Flores will move his practice into the first floor of the three-story property, which is located at 1220 N. Main St. in Fort Worth. Theron Bryant of SCM Real Estate Services represented the seller. KW Commercial Real Estate's Tim Clark represented the buyer.
HOUSTON AND BAYTOWN, TEXAS — New York City-based American Mortgage Acceptance Co. has sold two Texas apartment complexes totaling 389 units to AMSI Tex Properties of Overland, Kansas. The sale includes Quay Bay – Quay Point, located at 3925 Arlington Square Drive in Houston, and Oaks of Baytown, located at 2011 Ward Road in Baytown. Hendricks & Partners' Mike Miller represented the seller. The sale price was not released.
PASADENA, TEXAS — MCJC Investments Acquisitions has sold a 38,190-square-foot warehouse from 14 South Wayside LLC for an undisclosed amount. The property sits on 2.69 acres of land at 1202 Beltway in Pasadena and features 10,000 square feet of office space. CB Richard Ellis' Jim Stark represented the seller.
SAN ANTONIO — Plan B Inc. has signed a lease with ProLogis for 33,660 square feet of warehouse space in SADC I. The property is located at 1802 Shipman Drive in San Antonio. Prologis was represented in house. Clint Parker of Grubb & Ellis represented Plan B. Grubb & Ellis' Rick Stagers represented Lansing Building Products in its 16,800-square-foot lease from TC II Land L.P. Located at 3453 Interstate 35 North in San Antonio, the property is part of the San Antonio Distribution Center. Cross & Co.'s Ryan Smith represented the landlord.
ARDMORE, OKLA. — Ardmore Business Park LLC has sold a 441,664-square-foot Best Buy Distribution center in Ardmore to Flanders Precisionaire for an estimated $7 million. The property was constructed in 1991. Best Buy vacated the facility to move into a new warehouse elsewhere in the city. Lee & Associates' Reid Bassinger and Trey Fricke represented the seller.
THE WOODLANDS, TEXAS — Dhukani Properties has purchased 2.5 acres of land from The Woodlands Development Co. for a future retail center. No development schedule has been set for the land, which is located at the intersection of Harper's Landing Boulevard and South Trade Center Parkway. The center will feature a convenience store and gas station. Colliers International's Todd Edmonds and Cody Christoph represented the seller in the transaction.
HOUSTON — Byron Plant – Asset Plus has sold the 282-unit Timber Hollow Apartments to Ascension Cook Road for an undisclosed amount. The buyer plans to spend $2 million in upgrades on the property, which is located at 8000 Cook Road in Houston. Timber Hollow was sold out of receivership and is currently 82 percent occupied. Jim Hearn, Tom Warren, Tom Burns and Jay Gunn of Hendricks & Partners brokered the sale.
HOUSTON — Midway Cos. is adding four new tenants this spring to its $500 million CITYCENTRE development in Houston. LMD Botique will open this month, and a BRIO Tuscan Grille location is slated to open in April. In May, Midway will welcome Cyclone Anaya's Mexican Kitchen, and Ruggles Green in set for a June opening. Plans are in the works for 2010 openings of Sur La Table and Republic of Couture. CITYCENTRE, a 37-acre mixed-use project, includes 1.8 million square feet of retail and office space, 700 multifamily units and a 244-room hotel.
