Colliers Brokers Sale of 48,000 SF Industrial Facility in Metro Houston

HUMBLE, TEXAS — Colliers has brokered the sale of a 48,000-square-foot industrial facility in northeastern Houston suburb of Humble. The property comprises four buildings on a 3.3-acre site. Tom Condon Jr. of Colliers represented the seller, R.B. Machine Works, in the transaction. Patrick Swint of Knightsbridge Ventures represented the buyer, an entity doing business as 2407 Wilson

May 23, 2022Acquisitions, Industrial, Texas

JLL Negotiates Sale of 162,919 SF Office Building in Houston’s Energy Corridor

HOUSTON — JLL has negotiated the sale of One Park 10 Plaza, a 162,919-square-foot office building in Houston’s Energy Corridor area. The eight-story building is located within the 550-acre Park 10 master-planned development and was 76 percent leased at the time of sale. The property includes a 560-space parking garage. Marty Hogan and Kevin McConn of JLL represented the seller, Florida-based investment firm Accesso Partners, in the transaction. Houston-based private equity firm Interra …

May 20, 2022Acquisitions, Office, Texas

Embrey, Black Salmon Acquire 252-Unit Arboretum Oaks Apartments in Northwest Austin

AUSTIN, TEXAS — San Antonio-based investment firm Embrey has acquired Arboretum Oaks, a 252-unit apartment community in northwest Austin. Embrey acquired the property in partnership with Black Salmon Capital from an undisclosed seller. The property features one- and two-bedroom units and amenities such as a pool, fitness center, pet park, business center, clubroom, laundry facilities and a package handling system. Matt Pohl and Spencer Roy of Walker & Dunlop brokered the sale. Patrick …

May 20, 2022Acquisitions, Multifamily, Texas

Patrinely Group Signs Three New Office Tenants at City Place 1 in Houston

HOUSTON — Patrinely Group, in a joint venture with USAA Reeal Estate and CDC Houston, has signed three new office tenants to leases at City Place 1, a 149,500-square-foot office building in Houston. Orion Engineered Carbons leased 10,589 square feet on the third floor. Chemicals provider Evonik Industries inked a deal for 9,617 square feet on the fifth floor, an educational design firm Huckabee & Associates committed to 6,503 square feet on the first floor. Brett Blanchard of CBRE …

May 20, 2022Leasing Activity, Office, Texas

SHOP Cos. Arranges Sale of 17,740 Retail Center in McKinney, Texas

MCKINNEY, TEXAS — Dallas-based brokerage firm SHOP Cos. has arranged the sale of Custer Village, a 17,740-square-foot retail center located in the northern Dallas suburb of McKinney. The center was fully leased at the time of sale to tenants such as Original ChopShop, Clarity Eye Care, PetBar and YogaSix. Tim Axilrod of SHOP Cos. represented the seller, a locally based limited liability company, in the transaction. CoSol Commercial Real Estate represented the undisclosed, California-based …

May 20, 2022Acquisitions, Retail, Texas

Terrydale Capital Arranges Two Acquisition Loans Totaling $5.1M for Dallas Apartments

DALLAS — Locally based financial intermediary Terrydale Capital has arranged a pair of loans totaling $5.1 million for the acquisition of two Dallas multifamily properties comprising 12 units. The properties are located at 5931 Ross Ave. and 6035-6059 La Vista Drive in the city’s Greenville area. Chris Formichella of Terrydale Capital arranged the loans through a correspondent agency lender on behalf of the undisclosed

May 20, 2022Loans, Multifamily, Texas

Bakke, Batson-Cook Underway on Two South Texas Self-Storage Facilities Totaling 1,562 Units

BROWNSVILLE AND MCALLEN, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. is underway on construction of two self-storage facilities totaling 1,562 units in South Texas. Both the Brownsville and McAllen facilities will comprise 781 units across approximately 87,000 net rentable square feet of climate-controlled space. Alamo Architects Inc. is the architect for both facilities, and Independent Contractors Inc. is the general …

May 19, 2022Development, Industrial, Self-Storage, Texas

McCarthy Tops Out 365,000 SF Texas Children’s Hospital in Austin

AUSTIN, TEXAS — General contractor McCarthy Building Cos. has topped out the new 365,000-square-foot Texas Children’s Hospital in Austin, construction of which began last summer. The 52-bed facility will provide a range of services for women and children, including neonatal intensive care, pediatric intensive care, postpartum care, diagnostic imaging, acute care and urgent care. The hospital will also have an adjacent, 170,000-square-foot outpatient building that will house specialty care …

May 19, 2022Development, Healthcare, Texas

J.C. Penney Signs 318,067 SF Office Headquarters Lease at Legacy West in Plano

PLANO, TEXAS — J.C. Penney has signed a 318,067-square-foot office headquarters lease at CalWest, a 1.8 million-square-foot office building located within Legacy West in Plano. The 86-acre campus offers a full-service fitness club, conference center, daycare facility and a food court/dining hall. According to The Dallas Morning News, the campus served as J.C. Penney’s headquarters from 1992 until 2020, at which point the company vacated the premises while dealing with bankruptcy …

May 19, 2022Leasing Activity, Office, Texas

MMCC Arranges $18.4M in Financing for Healthcare Facility in Temple, Texas

TEMPLE, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $18.4 million in joint venture equity and acquisition financing for a 53-bed healthcare facility located in the Central Texas city of Temple. Kevan McCormack of MMCC arranged the debt portion of the financing through an undisclosed community bank on behalf of the undisclosed borrower, which intends to use a portion of the proceeds to convert the building into a long-term acute care hospital. California-based KPC Health …

May 19, 2022Healthcare, Loans, Texas