FORNEY — The Regional Transportation Council has voted unanimously to allocate $9 million of a $78 million Kaufman County transportation package for the construction of the new Forney Parkway. These funds, together with the approval of the City of Forney and owners of the adjacent property Meadow Ridge Farms, complete the public funding portion of the public/private partnership. The Forney Parkway will be a multi-lane thoroughfare connecting FM 548 on the north to FM 1641 on the south. The 2.2-mile road will feature an above-grade, eight-lane interchange spanning S.H. 80 and the adjacent Union Pacific rail line.
Texas
LAS COLINAS — PVR Midstream, a subsidiary of Penn Virginia Resource Partners, has relocated its headquarters to Williams Square in Las Colinas, leasing 24,335 square feet at 5125 N. O'Connor Blvd. Previously, PVR Midstream occupied 16,000 square feet at 8080 N. Central Expressway. Brad Selner, Chelby Sanders and Brooke Armstrong of Jones Lang LaSalle represented PVR Midstream, while Mark Dickenson and Bill Brokaw of Cousins Properties represented the landlord, TIAA Realty.
PLANO — Rackmount Solutions Ltd. has leased 16,287 square feet from RREEF at 2805 E. Plano Pkwy. in Plano. The flex industrial space is 65 percent warehouse space and 35 percent office space. Located in Building 1 of Jupiter 190 Business Park, the space is a 6,000-square-foot upgrade from Rackmount Solutions' previous space. The company develops, manufactures and sources products such as servers, network and LAN racks, and portable rack mount cases and accessories. Greg Fail of McNeff Cos. represented Rackmount Solutions, while Chris Stout of Bradford Commercial Real Estate Services represented the landlord.
HOUSTON — Northchase Plaza II, an 11,407-square-foot retail center in Houston, has sold for $1.3 million. Located at 13630 Veterans Memorial Dr., the property was built in 2004 and is 100 percent leased to five tenants. James Bell of Marcus & Millichap represented the seller, a Texas partnership, while Justin Miller of Marcus & Millichap represented the buyer, a limited liability company.
GRAND PRAIRIE — Evolution Packaging, a fulfillment and packaging services company, has signed a 51,200-square-foot lease in the Trinity West Business Park located at 2450 and 2550 114th St. in Grand Prairie. The 140,900-square-foot industrial park offers close proximity to DFW International Airport and access to State Highway 360. Mark Hull and Brett Heinen of Henry S. Miller Brokerage represented Evolution Packaging, while Jim Ferris and Michael Spain of Bradford Co. represented the landlord.
PEARLAND — Delta Rigging & Tools has relocated its headquarters to the Shadow Creek Business Center in Pearland as it will take 7,800 square feet of Class A office space in December. Delta provides lifting products and services to the large and fragmented domestic lifting equipment and rigging industry, including hoists, winches, wire rope, synthetic slings, accessories and hardware. It serves a national footprint with a primary strength throughout the Texas Gulf Coast, Louisiana and the Rocky Mountains. Delta is relocating from its offices in Lake Jackson.
SAN ANTONIO — The first development parcel of the planned 2,400-home, 610-acre Luckey Ranch project, located at Loop 1604 North and Highway 90 in San Antonio, has sold. The Kalikow Group, on behalf of KEP Luckey Ranch Global Associates, sold the 93-acre parcel to LGI Homes and GTIS Partners for an undisclosed amount. The Luckey Ranch site consists of 539 acres slated for residential development as well as 71 acres zoned for commercial use.
ARLINGTON — Assured Self Storage has acquired 4.49 acres of land at the northeast corner of U.S. Highway 287 and Turner Warnell Road in Arlington for the construction of a third Assured Self Storage in Arlington. Shawn Valk of Assured Realty represented the self storage company in the acquisition, and Pete Richardson and Andrew Richardson of Henry S. Miller Brokerage represented the seller, Bill Rose of Rose Investments. It will be Assured Self Storage's 23rd location in the Dallas-Fort Worth metroplex.
CEDAR HILL AND AUSTIN — Toys R Us leased 34,521 square feet of retail space at 1382 S FM 362 in Cedar Hill from KRG Cedar Hill Plaza LP. David Copeland and Jeff Kittleson of CB Richard Ellis (CBRE) represented the landlord in the transaction. In addition, World Wide Technology has renewed its 68,040-square-foot industrial lease at 4616 W. Howard Ln. in Austin from NorthTech 5 & 6, Ltd. Ryan Keiser of CBRE represented the tenant in the transaction.
FORT WORTH — Westover Village, a 114,000-square-foot shopping center located at the southeast corner of SH 183 and Green Oaks Road in Fort Worth, has been sold to ArrowRock Westover Village LP, an investment fund owned and managed by St. Louis-based Summit Realty Ventures, for an undisclosed amount. Amegy Bank of Texas sold the property, which includes national tenants such as Petco, Party City, Half Price Books, JPMorgan Chase, Arby's and McDonald's, in an all-cash transaction. Read King represented the buyer and Holliday Fenoglio Fowler represented the seller. UCR ChainLinks Retail Advisors will market and lease the property for the new owner.