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AcquisitionsOfficeTexas

BDP Holdings Acquires 265,942 SF Sabre Headquarters Office Building in Southlake, Texas

by Taylor Williams

SOUTHLAKE, TEXAS —  New Jersey-based investment firm BDP Holdings has acquired a 265,942-square-foot office building in Southlake, located north of Fort Worth, that houses the headquarters of Sabre. The travel software and technology firm has occupied the five-story building, which offers a cafeteria, outdoor courtyard and a fitness center, since 2002. JLL represented the seller, a joint venture between Dallas-based Cawley Partners, Staubach Capital and Los Angeles-based PCCP LLC, in the transaction. JLL also arranged an undisclosed amount of acquisition financing through Wells Fargo on behalf of BDP Holdings.

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AcquisitionsRetailTexas

CBRE Arranges Sale of 214,625 SF Lake Air Shopping Center in Waco

by Taylor Williams

WACO, TEXAS — CBRE has arranged the sale of Lake Air Shopping Center, a 214,625-square-foot retail property in Waco. At the time of sale, the center was 85 percent leased to tenants such as Dollar Tree, Melrose, Tuesday Morning, Twin Liquors, AT&T, Starbucks Coffee and Domino’s Pizza. Blaine Dozier, Jim Batjer, Chris Cozby, Mark Witcher and Harrison Tye of CBRE represented the undisclosed seller in the transaction. Clay Fuller of Coldwell Banker Commercial assisted in closing the deal. The buyer was also not disclosed.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 55-Room Hotel in Alvin, Texas

by Taylor Williams

ALVIN, TEXAS — Marcus & Millichap has brokered the sale of the 55-room La Quinta Inn & Suites Hotel in Alvin, located south of Houston. The Wyndham-branded property was built on 1.4 acres in 2009 and offers a pool, fitness center, business center and onsite laundry facilities. Andrew Frosch and Joseph Manuel of Marcus & Millichap represented the buyer and seller, both of which were private investors that requested anonymity, in the transaction. Allan Miller and Chris Gomes of Marcus & Millichap assisted in closing the deal as supporting brokers.

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Leasing ActivityOfficeTexas

Strike Construction Signs 43,230 SF Office Lease in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — General contractor Strike Construction has signed a 43,230-square-foot office lease at Wildwood Corporate Centre in The Woodlands, about 30 miles north of Houston. The two-building, 330,000-square-foot complex was built in phases between 2014 and 2016 and offers a fitness center and conference facilities. Steve Rocher and Jason Presley of CBRE represented the landlord, an entity doing business as GeoSouthern Budde Road LLC, in the lease negotiations. Jon Silberman of Partners represented the tenant. Wildwood Corporate Centre is now fully leased.

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IndustrialLeasing ActivityTexas

Bradford Commercial Negotiates 12,000 SF Industrial Flex Lease in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Bradford Commercial Real Estate Services has negotiated a 12,000-square-foot industrial flex lease at 10728 S. Pipeline Road in Hurst. According to LoopNet Inc., the property was built on 1.3 acres in 1964. Jason Finch and Michael Spain of Bradford represented the landlord, an entity doing business as Euless Industrial LLC, in the lease negotiations. The representative of the tenant, Mid-Cities Classics Inc., a provider of automotive repair and restoration services, was not disclosed.

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AcquisitionsMultifamilyTexas

Newmark Arranges Sale of 252-Unit Gardens at West Apartments in San Antonio

by Taylor Williams

SAN ANTONIO — Newmark has arranged the sale of Gardens at West, a 252-unit apartment community in San Antonio. According to Apartments.com, the property was built in 1995 and features one-, two- and three-bedroom units ranging in size from 664 to 1,269 square feet. Amenities include a pool, fitness center, business center, clubhouse, dog park and outdoor grilling and dining areas. Matt Michelson and Patton Jones of Newmark represented the seller, Regional Investment & Management, in the transaction. The buyer, locally based development and investment firm Embrey, will implement a value-add program and rebrand the property as The Hayden on West Avenue.

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DevelopmentMultifamilySeniors HousingTexas

Braintree, Cadence McShane Underway on 163-Unit Seniors Housing Project in Spring, Texas

by Taylor Williams

SPRING, TEXAS — A joint venture between Braintree Properties and Cadence McShane is underway on construction of Aviva Terranova Independent Senior Living Community in Spring, a northern suburb of Houston. Plans call for a 140,000-square-foot campus comprising four-story, wood-framed structures housing 163 independent living units. Additional features will include a fitness center, pool, theater, library, cybercafé and a parking garage with 215 parking spaces. The project is scheduled for completion in late 2023. Integral Senior Living will operate the property.

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DevelopmentHealthcareTexas

Pisula Development Completes 56,100 SF Medical Office Building in Shenandoah, Texas

by Taylor Williams

SHENANDOAH, TEXAS — Locally based firm Pisula Development has completed Vision Park Medical Office Building, a 56,100-square-foot healthcare project in Shenandoah, about 40 miles north of Houston. The three-story building, which carried a price tag of $15.1 million, sits on 3.2 acres and includes 234 parking spaces. The building is currently 80 percent leased to tenants such as Woodlands Center for Specialty Surgery and Physicians Group of The Woodlands.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 29,205 SF Retail Property in Southwest Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of Bissonnet Beltway Plaza, a 29,205-square-foot retail property in southwest Houston. According to LoopNet Inc., the property was built on 5.6 acres in 1978. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityRetailTexas

Immersive Gamebox to Open Entertainment Center in Dallas’ Deep Ellum District

by Taylor Williams

DALLAS — Immersive Gamebox, a British entertainment concept centered on interactive digital gaming, will open a new venue at 2525 Elm St. in the Deep Ellum area of Dallas. Immersive Gamebox, which also has locations in San Antonio, The Woodlands and at the 433-acre Grandscape mixed-use development in metro Dallas, expects to open the Deep Ellum facility before the end of the month.

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