PLANO, TEXAS — Stream Realty Partners has arranged the sale of a two-story, vacant building in Plano that consists of 30,066 square feet of office space and a 7,640-square-foot basement showroom. Jamie Jennings and Ryan Evanich of Stream represented the seller, an entity doing business as Hacienda Care V LP, in the transaction. Pam Goodwin of Goodwin Advisors LLC represented the buyer, Peacock Point LLC, which also plans to occupy the building.
AUSTIN, TEXAS — JLL has negotiated the sale of Oak Hill Self Storage, a 709-unit facility in southwest Austin. The facility, which was built in 2019, comprises 93,813 net rentable square feet of primarily climate-controlled space. Brian Somoza, Steve Mellon, Adam Roossien and Matthew Wheeler of JLL represented the seller, Houston-based developer The Jenkins Organization, in the transaction. Utah-based REIT Extra Space Storage purchased the asset for an undisclosed price.
AUSTIN, TEXAS — Stream Realty Partners is underway on construction of Eastside Commerce Center, a 413,388-square-foot industrial project in southeast Austin. The 60.2-acre site is located across State Highway 71 from Austin-Bergstrom International Airport. The development will consist of seven buildings ranging in size from 26,440 to 109,572 square feet that will feature 28- to 32-foot clear heights and a total of 630 car parking spaces. Completion is slated for the first quarter of next year.
OKLAHOMA CITY — Dallas-based Gatehouse Capital will develop a 132-room hotel with OAK, a 20-acre mixed-use project in Oklahoma City by Veritas Development. The property will be branded as the Lively Hotel, which is part of the Hilton family of brands. Amenities will include a pool, onsite restaurant, rooftop bar, fitness center, 2,600 square feet of meeting and event space and 13,500 square feet of retail space. Nelson Worldwide is the project architect, and Vincit Constructors is the general contractor. Valor Bank provided construction financing. Sitework is underway, and construction is expected to last about 24 months.
PLANO, TEXAS — Lucid Private Offices, a provider of flexible workspace solutions formerly known as WorkSuites, will open a 31,000-square-foot space at International Tower in Plano. The company will occupy the fifth floor at the newly constructed office building. Trevor Franke and Gini Rounsaville of JLL represented the landlord, Billingsley Co., in the lease negotiations. John Pelletier and Austin Studebaker of Cresa represented Lucid Private Offices.
GARLAND, TEXAS — Primary and specialty care provider WellMed Medical Management has signed an 11,599-square-foot healthcare lease at Valoris Healthpark in Garland, a northeastern suburb of Dallas. The 73,000-square-foot facility was originally constructed in 2002, according to LoopNet Inc., and recently received $1.5 million in capital improvements. Austin Barrett of JLL represented the landlord, Prevarian Cos., in the lease negotiations. MedCore represented the tenant.
BUDA, TEXAS — Stream Realty Partners is underway on construction of Buda Commerce Center, a 968,475-square-foot industrial project located on the southern outskirts of Austin. The development will consist of five buildings on a 70-acre site in Buda, with four structures having rear-load configurations and the fifth being a cross-dock facility. Buildings will feature 32- to 36-foot clear heights and dock-high loading doors. Construction began in the fourth quarter of 2022 and is slated for a late 2023 completion.
TULSA, OKLA. — Arizona-based Strategic Development Group has sold Woodlands Self Storage, a 660-unit facility in Tulsa. Built on 2.3 acres in 2017, the property spans 75,300 net rentable square feet of climate-controlled space and was 80 percent occupied at the time of sale. Brett Hatcher of Marcus & Millichap represented the seller in the transaction. The name and representative of the buyer were not disclosed.
DENTON — San Diego-based investment firm Westcore has acquired Denton Point, a 242,320-square-foot industrial property in North Texas. Situated on 18.6 acres, the newly constructed buildings feature rear-load configurations, 32-foot clear heights, ESFR sprinkler systems, 86 trailer parking spaces and dock-high loading doors. At the time of sale, Denton Point was fully leased to DHL, Lowe’s Home Center and Muenster Milling. The seller was a joint venture between Boston-based TA Associates and Dallas-based Holt Lunsford. Jonathan Bryan, Randy Baird and Taylor Hare of CBRE brokered the deal.
SAN ANTONIO — Marcus & Millichap has arranged the $5 million sale of a 12,460-square-foot retail property in San Antonio that is net leased to Walgreens. Christopher Pappas and Michael Cardone of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. The buyer was also not disclosed. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.