Texas

CORSICANA, TEXAS — Regional Employee Assistance Program has signed a 10-year, 39,975-square-foot office lease renewal in Corsicana, about 60 miles south of Houston. The space is located at 400 Hospital Drive within the Navarro Regional Medical Complex. Allison Johnston Frizzo and Tanya Hart Little of Hart Commercial represented the landlord, Healthcare Realty Services LLC, in the lease negotiations. Deidre Hardister of NAI Geis Realty Group represented the tenant.

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HOUSTON — Avison Young has negotiated a 28,791-square-foot office headquarters lease in West Houston. The tenant, civil engineering firm R.G. Miller | DCCM, is relocating from 16340 Park Ten Place to Eldridge Oaks, a 14-story, 349,190-square-foot building that was originally constructed in 2009. Anthony Squillante and Drew Coupe of Avison Young represented the tenant in the lease negotiations. Brad Fricks and Matt Asvestas of Stream Realty Partners represented the landlord, an affiliate of Broadshore Capital Partners. The relocation will take place during the third quarter.

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HOUSTON — Fast-casual concept Salad and Go has inked three new leases in metro Houston. The drive-thru-only company will open restaurants at a 44,431-square-foot property in Magnolia and a 30,000-square-foot property in Cypress, as well as in The Woodlands. Salad and Go has also signed a lease to open an eatery in the Central Texas city of Bryan. Jason Baker, Traci Holman, Lunden McGill and John Frazier of Baker Katz represented the Arizona-based tenant in all lease negotiations. Danny Miller of Gulf Coast Commercial Group represented the landlord in the Magnolia and Cypress deals. Jacob Weersing of Capital Retail represented the landlord in The Woodlands transaction. Salad and Go now has more than 100 locations across four states, including about 60 in Texas.

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1115-Dragonfly-Ave.-Weslaco

WESLACO, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on a 773-unit self-storage facility in the Rio Grande Valley city of Weslaco. The site at 1115 Dragonfly Ave. spans 2.6 acres, and the building will rise three stories and span 86,975 net rentable square feet. Project partners include Alamo Architects, civil engineer Halff, general contractor Independent Contractors and construction lender IBC Bank. Completion is slated for the first quarter of 2025. The project marks the sixth self-storage collaboration between the two firms.

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Sunridge-Industrial-Park-Wilmer

WILMER, TEXAS — Atlanta-based development and investment firm Stonemont Financial Group has completed Sunridge Industrial Park, a 565,259-square-foot development located in the southern Dallas suburb of Wilmer. The building features 40-foot clear heights, 128 dock doors, four drive-in ramps and parking for 135 trucks and 309 cars, with the capacity to add more parking if needed. LGE Design Build served as the project architect and general contractor. KBC Advisors is the leasing agent.

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Addison-Innovation-Center

ADDISON, TEXAS — JLL has arranged an undisclosed amount of construction financing for Addison Innovation Center, an industrial redevelopment project that will be located on north of downtown Dallas. The project will convert the 12.2-acre site of an existing office and call center complex into two warehouses totaling 242,062 square feet. The buildings, which will span 140,698 and 101,364 square feet, will be able to accommodate a single tenant or multiple users. First United Bank & Trust Co. provided the five-year, floating-rate loan to the borrower, a partnership between Houston-based Lovett Industrial and Dallas-based Rosewood Property Co. Jarrod McCabe led the transaction for JLL.

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IRVING, TEXAS — Zyka Foods Southwest Inc., a wholesale provider of Indian cuisine, has signed a 15,885-square-foot industrial lease renewal in Irving. According to LoopNet Inc., the building at 2737 W. Airport Freeway was constructed in 1984 and features a clear height of 20 feet, one ramp, three dock-high doors and 1,257 square feet of office space. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the owner, Sealy & Co., in the lease negotiations. David Easterling of CBRE represented the tenant.

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CEDAR HILL, TEXAS — Spatch Kitchen & Cocktails, a contemporary American concept, will open a 7,500-square-foot restaurant in Cedar Hill, a southern suburb of Dallas. The space is located within Hillside Village, an open-air retail center that is also home to tenants such as Dick’s Sporting Goods, Barnes & Noble, Old Navy, H&M, F21 Red and Victoria’s Secret. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Morrow Hill represented the tenant, which plans to open this summer.

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1330-Sherwood-Forest-St.-Houston

HOUSTON — A partnership between locally based development and investment firm Pagewood and metro Philadelphia-based CenterSquare Investment Management has acquired a portfolio of nine industrial properties totaling 621,432 square feet in Houston. The portfolio comprises 46 shallow-bay buildings across 34 acres on the city’s northwest side. Stephen Ghedi and Jim Autenreith of locally based brokerage firm Moody Rambin represented the seller, HRES Group, in the transaction. Nick Spearman, Mat Volz and Paul Coonrod of Pagewood, in conjunction with Victoria Madrid and Burke Campbell of CenterSquare, represented the partnership. Warren Hitchcock and Blane Eikenhorst of Northmarq arranged acquisition financing for the deal. The new ownership plans to implement a capital improvement program across the portfolio and rebrand the properties as one development known as Gateway Industrial Commons. Partners Real Estate has been appointed as the leasing agent for the buildings.

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AUSTIN, TEXAS — California-based EBSC Lending has provided a $59 million construction loan for a 201,821-square-foot mixed-use project in northwest Austin. The undisclosed project is located near Apple’s campus and will consist of three buildings that will house for-rent and for-sale residential units, as well as retail and restaurant space. Completion is slated for 2025. The undisclosed, locally based borrower will use the proceeds to retire existing debt and fund additional construction and lease-up costs. 

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