DALLAS — Holt Lunsford Commercial has negotiated a 49,280-square-foot industrial lease renewal in West Dallas. Canon Shoults and Maddy Canty of Holt Lunsford represented the landlord, AEW Capital Management, in the lease negotiations. Jim Svidron with NAI Robert Lynn represented the tenant, Production & Rigging Resources Inc., which provides logistical services for the entertainment industry.
FORT WORTH, TEXAS — Southwire, a manufacturer of wire and cable used in the transmission and distribution of electricity, has signed a 1.2 million-square-foot industrial lease at AllianceTexas in North Fort Worth. Southwire will occupy the entirety of Alliance Westport 25, which was originally launched as a 1 million-square-foot speculative building in August 2022 and is now being expanded to meet Southwire’s requirements. GSR Andrade Architects designed Alliance Westport 25. Sean Boswell and Chris Teesdale of Colliers represented Southwire in the lease negotiations. Reid Goetz, Samuel Rhea and Jack Barkley represented the landlord, Hillwood, on an internal basis.
LAREDO, TEXAS — Kansas City-based VanTrust Real Estate will develop a 432,000-square-foot industrial project in the Rio Grande Valley city of Laredo. The speculative structure will be located within North Laredo Industrial Park, which is adjacent to I-35 and the Port of Laredo. Completion of the project, which is expected to be the first of multiple buildings that VanTrust will add to the park, is slated for October 2024. White Ark Enterprises owns North Laredo Industrial Park.
FREEPORT, TEXAS — Marcus & Millichap has brokered the sale of Blue Water Self Storage, a 295-unit facility in Freeport, located about 60 miles south of Houston. The seven-building facility was built on 8.2 acres in 1999 and spans 56,600 net rentable square feet. Dave Knobler of Marcus & Millichap represented the seller, a locally based limited partnership, in the transaction. Knobler also procured the buyer, a New York-based limited liability company. Both parties requested anonymity.
KERRVILLE, TEXAS — California-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of Sidney Baker Apartments, a 60-unit multifamily complex in Kerrville, about 65 miles northwest of San Antonio. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool and a pet park. Tyler Marshall of Matthews represented the undisclosed buyer in the transaction. The seller was also not disclosed.
DALLAS — The Cheesecake Factory will open a 9,700-square-foot restaurant at The Shops at Highland Village in Dallas. The opening is slated for the fourth quarter. Vince O’Toole of JLL represented the landlord, Poag Development Group, in the lease negotiations. Marc Guth of Blateiss & Schnur represented The Cheesecake Factory. Three new tenants — children’s playland Cheeky Monkeys, Lovesac and Sleep Number — have also either opened recently at The Shops at Highland Village or will do so in the fall.
PFLUGERVILLE, TEXAS — Newmark has brokered the sale of Autumn Ranch on Swenson Farms, a 336-unit apartment community located in the northern Austin suburb of Pflugerville. Built on 16.9 acres in 2008, the property offers one-, two- and three-bedroom units with an average size of 1,041 square feet. Roughly 40 percent (133) of the units recently received light upgrades to flooring, interior paint, light fixtures, appliances and countertops. Amenities include a pool, fitness center, clubhouse, package lockers and a dog park. Patton Jones and Andrew Dickson of Newmark represented the seller, MIG Real Estate, in the transaction. Knightvest Capital purchased the asset for an undisclosed price. Autumn Ranch on Swenson Farms was 94 percent occupied at the time of sale.
HOUSTON — JLL has arranged the sale of two adjacent shopping centers totaling 93,757 square feet in Houston. Sunridge Shopping Center and Westchase Plaza total 49,359 and 44,398 square feet, respectively, and are located at the northwest and southwest corners of Westpark Drive and South Gessner Road in the city’s Westchase district. Ryan West, John Indelli, Clay Anderson and Ryan Olive of JLL represented the seller, Houston-based Whitestone REIT, in the transaction. An entity controlled by Houston-based Bridgewell Property Management acquired both assets for an undisclosed price.
HOUSTON — Six tenants have signed leases at West on West, a 90,000-square-foot mixed-use development that is under construction in Houston. Tsujita Artisan Noodle will open a 2,814-square-foot restaurant at the property, and Paris Baguette has committed to 3,150 square feet. Korean dessert concept SomiSomi and boba chain The Alley have also leased 1,637 and 2,436 square feet, respectively. Additionally, Lady M will open a 2,793-square-foot bakery next spring, and Kaiten-sushi Ginza Onodera will debut a 3,976-square-foot restauraunt at the development in spring 2025. Heather Nguyen internally represented the landlord, NewQuest Properties, in the lease negotiations. Cobo Fajardo of NewQuest also represented the landlord in the leasing negotiations with Lady M. Rebecca Le of NewQuest represented The Alley, and Joe AmecAngelo of CBRE represented Paris Baguette.
GEORGETOWN, TEXAS — San Antonio-based investment firm Headwall Investments has acquired The Market at Georgetown, a 54,994-square-foot shopping center located on the northern outskirts of Austin. The unanchored neighborhood center is home to tenants such as Pok-e-Jo’s Smokehouse, House of Gainz and Double Dave’s Pizzaworks. The seller and sales price were not disclosed.