SAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood. The property comprises four buildings with suites that range in size from 1,254 to 9,790 square feet. Todd Mills of Cushman & Wakefield represented the undisclosed seller in the transaction. Shawn Gulley represented Worth & Associates, which plans to make capital improvements to the property, on an internal basis.
RICHARDSON, TEXAS — Lee & Associates has negotiated a 14,100-square-foot industrial lease in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 789 N. Grove Road was completed in 1983 and totals 54,471 square feet. Jessica Reinhardt and Susan Cancemi of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Shane Rollins of TXCRE represented the tenant, Battery Management Technology Corp.
LEWISVILLE, TEXAS — Lee & Associates has negotiated a 176,182-square-foot industrial lease at 501 Holfords Prairie Road in the northern Dallas suburb of Lewisville. The deal is for the entirety of the space within the newly constructed Building F, which was built on a speculative basis within First Park 121, a 1.2 million-square-foot development. Mark Graybill and Adam Graham of Lee & Associates represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. Jay Benner of Cushman & Wakefield represented the tenant, IEWC Corp., a Wisconsin-based provider of wire and cabling products.
GRAPEVINE, TEXAS — Cleveland-based commercial finance firm BWE has provided a $16.8 million Freddie Mac loan for Cobblestone Village, a 200-unit mixed-income property in Grapevine, located in the northern-central part of the metroplex. Built in 1983, Cobblestone Village comprises 96 one-bedroom and 104 two-bedroom apartments, 70 of which are subject to income restrictions. Amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jake Roberts of BWE originated the seven-year loan on behalf of the owner, San Antonio-based Falkin Platnick Realty Group, which plans to use a portion of the proceeds to fund capital improvements.
MIDLAND, TEXAS — CooperWynn Capital, a Utah-based capital markets advisory firm, has arranged a $4.9 million loan for the cash-out refinancing of the 64-key My Place Hotel-Midland in West Texas. An entity doing business as CAMTOD Midland LLC, which is led by developer Dustin Campbell, opened the three-story, extended-stay hotel in late 2020. CooperWynn arranged the nonrecourse loan, which carried a five-year term and a fixed interest rate, through an undisclosed CMBS lender.
HOUSTON — Jiffy Lube has signed a 28,000-square-foot office headquarters lease in West Houston. The automotive services retailer, which was recently sold by Shell Oil to Monomoy Capital Partners, is relocating from the Shell Woodcreek campus to the 327,040-square-foot Westway Plaza. Lucian Bukowski of Stream Realty Partners represented Jiffy Lube in the lease negotiations. Brad Beasley and Chip Colvill of Partners Real Estate represented the undisclosed landlord.
DALLAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened Waterford at Goldmark Apartments, a 220-unit mixed-income housing community in North Dallas, following a $20 million renovation. Waterford at Goldmark is an age-restricted property that offers one-, two- and three-bedroom, townhome-style units. Income restrictions were not disclosed. Renovations included new fixtures, energy-efficient appliances and lighting throughout units’ bathrooms and kitchens; updates to amenity spaces such as the playground, pool and gym facilities; and the installation of new water heaters and rooftop solar panels. April Housing partnered with the Dallas Housing Finance Corp. and general contractor FTK Construction Services on the project, which preserves the property’s affordability status for another 30 years.
HOUSTON — Superior Energy Services has signed a 56,256-square-foot office headquarters lease in West Houston. The oilfield services company is relocating from 1001 Louisiana in downtown Houston to the 13-story, 225,024-square-foot building at 8020 Katy Freeway. David Guion and Lucian Bukowski of Stream Realty Partners represented Superior in the lease negotiations. Eric Anderson and John Heard of Transwestern represented the landlord. A timeline for occupancy was also not announced.
HOUSTON — Marcus & Millichap has brokered the sale of The Workshops at Breen, a 50,000-square-foot industrial complex in northwest Houston. The shallow-bay property was constructed on a 3.8-acre site at 5801 Breen Drive in 2021 and comprises eight buildings that house a total of 28 suites with 40 grade-level doors and 18-foot clear heights. Grant Roosma, Adam Abushagur and Tyler Ranft of Marcus & Millichap represented the seller, Harbor Capital, in the transaction and procured the buyer, Harbor Hill.
MCKINNEY, TEXAS — Lee & Associates has negotiated a 28,212-square-foot industrial lease in the northern Dallas suburb of McKinney. The building at 320 Wilmeth Road is part of McKinney Trade Center, a 22.5-acre development that houses four buildings that range in size from 95,840 to 171,398 square feet. Brett Lewis and Taylor Stell of Lee & Associates represented the tenant, Blount Fine Foods, in the lease negotiations. Adam Graham and Ken Wesson, also with Lee & Associates, represented the landlord, ML Realty Partners.
