HOUSTON — Baker Katz has arranged three retail leases totaling 19,050 square feet for Pet Supplies Plus in metro Houston. The pet care brand will occupy 6,000 square feet in the northern suburb of Conroe beginning in the fourth quarter. Additionally, Pet Supplies Plus will open a 5,550-square-foot store in Cypress and a 7,500-square-foot space in north Katy in the second quarter of 2024. Brett Levinson of Main Street Commercial Partners represented the landlords in the Conroe and Katy deals. Brad Kilbride of Retail Leasing represented the landlord in the Cypress deal.
Texas
DALLAS — Law firm Simon Greenstone Panatier has signed a 28,366-square-foot office lease at Bank of America Plaza in downtown Dallas. The 72-story, 1.8 million-square-foot complex offers a fitness center, conference facilities, tenant lounge, car wash services and multiple onsite dining options. Ryan Hoopes, Tom Sutherland and Dean Dahlsten of Cushman & Wakefield represented the tenant in the lease negotiations. Russ Johnson and Joel Pustmueller of JLL represented the landlord, Metropolis Investment Holdings Inc.
IRVING, TEXAS — Daikin Applied, a provider of commercial HVAC systems and services, has renewed its lease for 13,000 square feet of industrial space at Las Colinas Distribution Center in Irving. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Las Colinas AAA Investment LLC, in the lease negotiations. Michael Paine of Cushman & Wakefield represented the tenant.
SAN MARCOS, TEXAS — The Preiss Co., a North Carolina-based student housing owner-operator, has recapitalized Outpost San Marcos, a 486-bed residential community that serves students at Texas State University. Located roughly 1.5 miles from campus, the property offers two-, three- and four-bedroom units that are furnished with individual washers and dryers and private balconies. The recapitalization includes fresh equity that will subsidize a multimillion-dollar capital improvement program.
LA MARQUE, TEXAS — Partners Real Estate has arranged the sale of a 43,000-square-foot industrial facility in La Marque, located southeast of Houston in Galveston County. According to LoopNet Inc., the single-tenant property at 4725 Lawndale St. was built on three acres in 1978. Cary Latham and Wyatt Huff of Partners represented the seller, an entity doing business as Baucom Property Leasing LLC, in the transaction. Anthony Heins of Heins Properties represented the buyer, Wolf Capital Partners.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of 26,964-square-foot industrial building located at 5950 Park Vista Circle in Fort Worth. The property was built on 1.8 acres in 2005. Davis Cagle and Tyler Ranft of Marcus & Millichap represented the seller and buyer, both of which were investment firms that requested anonymity, in the transaction.
SUGAR LAND, TEXAS — Houston-based developer Vista Cos. has broken ground on Vista Sugar Land III, an 8,400-square-foot retail project that will be located on the city’s southwestern outskirts. The center is 83 percent preleased. United Constructors is the general contractor for the project, which is slated for a fourth-quarter delivery. Stellar Bank provided construction financing.
DALLAS — Southern California-based investment firm Cohen Asset Management has acquired DalParc Logistics Center Building 1, a 920,275-square-foot industrial property in South Dallas. The building was constructed in 2016 and serves as a fulfillment center for Amazon. Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented the undisclosed seller in the transaction. The sales price was not disclosed.
CONROE, TEXAS — General contractor Hoar Construction has broken ground on a 328,000-square-foot parking garage on the Sam Houston State University campus in Conroe, about 40 miles north of Houston. The garage, which will feature 983 spaces, is being constructed to accommodate students and faculty at the new health professions building, construction of which will begin next year. Kirksey Architecture designed the parking garage, which is slated for a summer 2024 delivery.
LAREDO, TEXAS — Partners Real Estate has arranged the sale of a 37,500-square-foot industrial property in the Rio Grande Valley city of Laredo. According to LoopNet Inc., the property at 14610 Atlanta Drive was built on 2.5 acres in 1997 and features 24-foot clear heights. Gustavo Torres of Partners represented the seller, a private investor, in the transaction. The buyer and sales price were not disclosed.