MESQUITE, TEXAS — Arizona-based Coleman Powersports has signed a 379,620-square-foot industrial lease at Mesquite Airport Logistics Center, located on the eastern outskirts of Dallas. The tenant will occupy the entirety of Building 1, which was part of Phase I at the 2.3 million-square-foot development. Construction of the two-building second phase is underway and expected to be complete next year. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented the landlord, Dalfen Industrial, in the lease negotiations.
SAN ANTONIO — Marcus & Millichap has brokered the sale of Noah’s Ark Self Storage, a 477-unit facility located in the Stone Oak neighborhood of San Antonio. The facility was built on 1.2 acres in 2013 and spans 57,219 net rentable square feet. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, a locally based limited liability company, in the transaction. The duo also procured the buyer, a publicly traded REIT. Both parties requested anonymity.
HOUSTON — Los Angeles-based investment firm CIM Group has sold Ashton on West, a 246-unit apartment community located in the Montrose neighborhood of Houston. The garden-style property offers one- and two-bedroom units and amenities such as a pool, clubhouse, fitness center, outdoor grilling and dining stations and a dog park. The buyer and sales price were not disclosed. CIM Group originally acquired the asset in 2013.
HOUSTON — Locally based brokerage firm Finial Group has negotiated a 26,320-square-foot industrial lease at 6422 Calle Lozano Drive in northwest Houston. Built in 1984 and renovated in 2021, the facility sits on two acres and includes 2,000 square feet of office space. Chase Tucker and William Alcorn of Finial Group represented the undisclosed landlord in the transaction. The name and representative of the tenant were not released.
MESQUITE, TEXAS — Masonite International Corp., a South Florida-based manufacturer of construction products, has signed a 626,718-square-foot industrial lease at Mesquite Airport Logistics Center, located on the eastern outskirts of Dallas. The tenant will occupy the entirety of Building 2, which was part of Phase I at the 2.3 million-square-foot development. Construction of the two-building second phase is underway and expected to be complete next year. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented the landlord, Dalfen Industrial, in the lease negotiations.
BEEVILLE, TEXAS — Marcus & Millichap has brokered the sale of Security Mini Storage, a 604-unit self-storage facility in Beeville, about 100 miles south of San Antonio. The facility, which consists of 21 buildings on a 5.9-acre site, spans 74,800 net rentable square feet. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the Nevada-based seller in the transaction. The duo also procured the buyer, a Colorado-based limited liability company that closed on the asset via a 1031 exchange. Both parties requested anonymity. Security Mini Storage was 95 percent occupied at the time of sale.
FORT WORTH, TEXAS — Oklahoma City-based investment firm Mazaheri Properties has acquired The Shops at Chisholm Trail Ranch, a 213,416-square-foot retail power center in Fort Worth. At the time of sale, the center was 97.5 percent leased to tenants such as Studio Movie Grill, Ulta Beauty, Old Navy, Ross Dress for Less, Marshalls, Tuesday Morning and Five Below. Chris Gerard, Barry Brown and Matthew Barge of JLL represented the seller, Dallas-based StreetLevel Investments, which completed the center in August 2020, in the transaction. Phillip Mazaheri of Price Edwards & Co. represented the buyer.
AUSTIN, TEXAS — Newmark has arranged the sale of Radius on Grove, a 156-unit apartment complex in Austin’s East Riverside neighborhood. The property offers one- and two-bedroom units and amenities such as a pool, clubhouse, business center, fitness center, pet play area and outdoor grilling and dining stations. Patton Jones and Andrew Dickson of Newmark represented the seller, Houston-based investment firm Hilltop Residential, in the transaction. The buyer, Los Angeles-based Square House Capital, plans to implement a value-add program. Radius on Grove was 98 percent occupied at the time of sale.
WEBSTER, TEXAS — Kimco Realty, a New York-based REIT, has negotiated two food-and-beverage leases with Kura Sushi, a technology-enabled Japanese restaurant, and specialty meat concept Wild Fork at The Shops at Baybrook. The leases respectively total 3,848 and 4,700 square feet. The center is under construction in the southeastern Houston suburb of Webster. Hannah Tosch, Wade Greene, Cody Persyn and Kimberly Lenardson of Colliers represented Kimco in the lease negotiations. Opening dates have not yet been established.
ARLINGTON, TEXAS — Locally based developer StreetLights Residential has completed The Louise, a 343-unit multifamily project in Arlington that represents Phase II of a larger project within the 2,000-acre Viridian mixed-use development. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 588 to 1,674 square feet. The development also features 32 townhomes with an average size of 1,902 square feet. Amenities include a pool, outdoor lounge, clubroom, fitness center, golf simulator, library, art studio, conference room and a pet park. Information on starting rents was not disclosed. Phase I of the development, The Jackson, totals 340 units and was completed last year.