HOUSTON — CBRE has arranged a 34,000-square-foot industrial lease in southwest Houston. The tenant, industrial parts distributor Merit Brass, will occupy space at The Business Center at Five Corners, a five-building, 550,000-square-foot development. Nathan Wynne, Joseph Smith and Savannah Smith of CBRE represented the landlord, a partnership between locally based developer Levey Group and ANICO Eagle, in the lease negotiations. Reed Parker of Lee & Associates represented Merit Brass.
HOUSTON — Cushman & Wakefield has negotiated a 7,541-square-foot office lease at 1001 Fannin Street in downtown Houston. The 47-story, 1.3 million-square-foot building recently underwent a capital improvement program and features 25,000 square feet of retail and amenity space. Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty, in the lease negotiations. Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant, law firm Hogan Thompson Schuelke.
IRVING, TEXAS — JLL has negotiated a 523,260-square-foot industrial lease at DFW Park 161, a 197-acre development in Irving. The tenant, auto parts provider LKQ, will space at Logistics Center 12, a 707,940-square-foot building that features 40-foot clear heights, 60-foot loading bays and 190-foot truck court depths. Kurt Griffin and Nathan Orbin of JLL represented the landlord, a joint venture between Dallas-based Perot Development Co. and Atlanta-based Invesco Real Estate, in the lease negotiations. Jacob Bobek and Tim Vogds of CBRE represented LKQ.
SAN MARCOS, TEXAS — South Carolina-based developer Greystar has broken ground on a 314,938-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio. The three-building project represents Phase II of Whisper 35, a five-building, 494,926-square-foot development. Completion of Phase II is slated for early 2024. Sam Owen and Adam Green of Stream Realty Partners, the leasing agents for Whisper 35, also recently secured a lease with logistics company Manifest Commerce to bring Phase I to full occupancy.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Villa Capri, a 42-unit multifamily property in Fort Worth. According to Apartments.com, the property was built in 1959 and offers studio, one- and two-bedroom units. Al Silva, Ford Braly and Dylan York of Marcus & Millichap represented the undisclosed seller and procured an undisclosed, out-of-state partnership as the buyer.
GRAND PRAIRIE, TEXAS — MHC Truck Leasing has signed a 20,020-square-foot industrial lease at 2626 W. Pioneer Parkway in Grand Prairie, located in the central part of the metroplex. The site spans 5.2 acres, and the building was completed in 2022, according to LoopNet Inc. Jarrett Huge and Alex Wilson of Lee & Associates represented tenant and the landlord, an entity doing business as Abdalla 2816 Pioneer LLC, in the lease negotiations.
HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 5,000-square-foot church located at 634 W. Cottage St. in North Houston. According to LoopNet Inc., the property was built in 1927. D.J. Hale of Oxford Partners represented the buyer, Hope Lutheran Church, in the transaction. Marcela Amador of Home Central Real Estate Inc. represented the undisclosed seller.
HOUSTON — CenterSquare Investment Management has acquired Piney Woods, a 394-lot manufactured housing development site in Houston. CenterSquare acquired the site in partnership with manufactured housing operator K8H Ventures. Construction will begin in the coming weeks and is expected to last about a year. Amenities will include a pool, basketball court, playground, walking trails and green spaces.
AUSTIN, TEXAS — Los Angeles-based investment firm CIM Group has sold Fifth + Tillery, a 182,700-square-foot office building in East Austin. Fifth + Tillery features outdoor balconies with heightened levels of natural light, as well as a landscaped courtyard with various outdoor amenities. CIM Group originally acquired the property in October 2019 shortly after construction began. According to multiple media outlets including The Austin American-Statesman, local transportation authority Capital Metro purchased the property for roughly $87 million.
HOUSTON — Colliers has arranged the sale of a 173,908-square-foot, eight-story office building that sits on a 4.4-acre site at 12941 N. Freeway in Houston. The property, which is known as The Wells Fargo Bank Building and is located on the city’s north side, was built in 1982, according to LoopNet Inc. David Carter of Colliers represented the seller, an entity doing business as North Houston LP, in the deal. Additional terms of sale were not disclosed.