Texas

JLL Negotiates 523,260 SF Industrial Lease at DFW Park 161 in Irving

by Taylor Williams August 25, 2023

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.

August 25, 2023

Development Industrial Texas

Greystar Breaks Ground on 314,938 SF Industrial Project in San Marcos, Texas

by Taylor Williams August 25, 2023

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.

August 25, 2023

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 42-Unit Multifamily Property in Fort Worth

by Taylor Williams August 25, 2023

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.

August 25, 2023

Industrial Leasing Activity Texas

MHC Truck Leasing Signs 20,020 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams August 25, 2023

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.

August 25, 2023

Acquisitions Civic Texas

Oxford Partners Arranges Sale of 5,000 SF Church in North Houston

by Taylor Williams August 25, 2023

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.

August 25, 2023

Acquisitions Industrial Texas

CenterSquare Acquires 394-Lot Manufactured Housing Development Site in Houston

by Taylor Williams August 24, 2023

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.

August 24, 2023

Acquisitions Office Texas

CIM Group Sells 182,700 SF Office Building in East Austin

by Taylor Williams August 24, 2023

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.

August 24, 2023

Acquisitions Office Texas

Colliers Arranges Sale of 173,908 SF Office Building in North Houston

by Taylor Williams August 24, 2023

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.

August 24, 2023

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 128-Unit Multifamily Property in Irving

by Taylor Williams August 24, 2023

IRVING, TEXAS — Marcus & Millichap has brokered the sale of Tucasa Townhomes, a 128-unit multifamily property in Irving. According to Apartments.com, the property was built in 1964 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.

August 24, 2023

Industrial Leasing Activity Texas

Ashford Dairy Signs 52,000 SF Industrial Lease in Southwest Houston

by Taylor Williams August 24, 2023

HOUSTON — Ashford Dairy has signed a 52,000-square-foot industrial lease at The Business Center at Five Corners in southwest Houston. The space includes a commissary, test kitchen and a refrigerated storage area. Owned by Levey Group and ANICO Eagle, The Business Center at Five Corners spans 550,000 square feet across five buildings. Nathan Wynne, Joseph Smith and Savannah Smith of CBRE represented Levey Group in the lease negotiations. Will Clay of JLL represented the tenant.

August 24, 2023

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