HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 14,228-square-foot industrial lease renewal and expansion at 16802-16810 Barker Springs Road in West Houston. According to LoopNet Inc. the building was originally constructed in 1979 and totals 73,784 square feet. Ryley Caton of Oxford Partners represented the tenant, Groninger Cleaning Systems, in the lease negotiations. Carter Holmes of Cushman & Wakefield represented the landlord, an entity doing business as BPREP PARK 10 LLC.
LEWISVILLE, TEXAS — Bright Realty is nearing completion of Tapestry at The Realm, a 362-unit apartment community in the northern Dallas suburb of Lewisville. The property will be situated within the locally based developer’s 324-acre Realm at Castle Hills mixed-use development. Tapestry at The Realm will feature studio, one- and two-bedroom floor plans and amenities such as a fitness center, sauna, game lounge, business center and a conference room. B2 Architecture + Design designed the project, and Andres Construction is the general contractor. Preleasing is slated to begin in November. The first units are expected to be available for occupancy in December.
DALLAS — M Financial Group, an Oregon-based financial services firm, has signed a 52,000-square-foot office lease at The Quad, a 364,000-square-foot office and retail development in Uptown Dallas. Stream Realty Partners is developing The Quad and targeting a March 2024 completion. Ryan Evanich and Marissa Parkin of Stream Realty Partners represented ownership in the lease negotiations. Dean Collins, Mark Collins and Doug Deurwaarder of Cushman & Wakefield represented M Financial Group. Other office users that have committed to The Quad include Blackstone affiliate Revantage (32,000 square feet) and Chicago Title (20,000 square feet).
DALLAS — Lee & Associates has negotiated the sale of a 50,138-square-foot industrial building in northwest Dallas. According to LoopNet Inc., the building at 11126 Shady Trail was built on 2.8 acres in 1978 and features 12-foot clear heights. Stephen Williamson of Lee & Associates represented the buyer, Boston-based investment firm Longpoint Realty Partners, in the transaction. Vaquero Ventures Management sold the building for an undisclosed price.
KYLE, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for two retail buildings totaling 14,135 square feet in the Central Texas city of Kyle. The newly constructed buildings are situated adjacent to one another within the Kyle Crossing mixed-use development. C.W. Sheehan, Kaitlin Kane and Hunt Wood of JLL arranged the debt on behalf of the borrower, Door Capital Partners. Tenants at the buildings include Chipotle Mexican Grill, Crumbl Cookies, Heartland Dental and Black Rock Coffee.
DALLAS — Locally based investment firm Apricus Realty Capital has purchased an 8,800-square-foot industrial outdoor storage facility located at 11600 C.F. Hawn Freeway in southeast Dallas. The two-building, four-acre site serves as a crane rental and maintenance facility. Matt Haley and Cort Martin represented Apricus Realty Capital in the transaction on an internal basis. The seller and sales price were not disclosed.
MANSFIELD, TEXAS — High Street Logistics Properties has acquired Mansfield Urban Industrial Park, a three-building, 267,622-square-foot complex located on the southern outskirts of Fort Worth. Completed in summer 2022, the development was 89 percent leased at the time of sale to a tenant roster with a weighted average remaining lease term of 4.6 years. Building features include 18- to 28-foot clear heights, ESFR sprinkler systems and speculative office space. Dustin Volz, Stephen Bailey, Dom Espinosa and Zach Riebe of Newmark represented the seller, Dallas-based developer Longbow Interests, in the transaction.
FORT WORTH, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the $14.8 million sale of Westcliff Shopping Center, a 134,750-square-foot retail center in Fort Worth. Grocer Albertsons anchors the center, which was 86 percent leased at the time of sale. David Disney and Adam Crockett of DIG represented the seller, Florida-based REIT CTO Realty Growth (NYSE: CTO), in the transaction. The duo also procured the buyer, Partners Capital, the investment platform of Partners Real Estate, in conjunction with Partners’ internal agent Jess Dickie. Independent Financial provided acquisition financing. LanCarte Commercial leases the center.
HOUSTON — Johnson Controls, a provider of HVAC systems and equipment, has signed a 43,000-square-foot industrial lease in southwest Houston. The tenant is taking space at The Business Center at Five Corners, a five-building, 550,000-square-foot development by Levey Group. Joseph Smith, Nathan Wynne and Savannah Smith of CBRE represented Levey Group in the lease negotiations. Boomer White, also with CBRE, represented the tenant. The Business Center at Five Corners is now fully leased.
ROWLETT, TEXAS — Locally based investment firm Standridge Cos. has sold Expo Center, a 28,119-square-foot shopping center located in Rowlett, roughly 20 miles northeast of Dallas. Situated on 3.4 acres, the property was fully leased at the time of sale to tenants such as Fresenius Medical Care, Golden Pot Chinese and Opa! Greek Taverna. Jared Aubrey and Michael Austry of CBRE represented Standridge Cos. in the transaction. The buyer was a local private investment group that requested anonymity.