RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 136,400-square-foot warehouse in Rhome, located north of Fort Worth. According to LoopNet Inc., the building at 240 Tiger Drive was completed in 2023 and features 36- to 46-foot clear heights, 18 dock-high doors, 10 grade-level doors and 5,100 square feet of office space. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the seller in the transaction. Forrest Cook and Ryan Vaughn of Stream Realty Partners represented the buyer. Both parties requested anonymity.
GEORGETOWN, TEXAS — Disney Investment Group, a Dallas-based brokerage firm, has arranged the sale of Republic Square, a 113,772-square-foot shopping center located in the northern Austin suburb of Georgetown. Built in 1986, Republic Square is home to 34 tenants, including Harbor Freight, Dollar Tree, Starbucks, Chipotle, Pizza Hut, One Main Financial and Subway. David Disney and Adam Crockett of Disney represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Logistics company Yzer has signed a 28,844-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 7170 W. 43rd St. was completed in 1997 and totals 210,464 square feet. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the landlord, Prologis, in the lease negotiations. Nathan Smith of Austin Tenant Advisors represented Yzer.
TERRELL, TEXAS — Kansas City-based VanTrust Real Estate will develop a 708,918-square-foot speculative industrial project in Terrell, an eastern suburb of Dallas. Phase I of Terrell Logistics Center will feature two buildings spanning 202,972 and 505,946 square feet on a 75-acre site. The smaller building will have a read-load configuration, and the larger facility will have a cross-dock configuration. Construction is scheduled to begin in the second quarter of next year and to last about a year. Project partners include Bob Moore Construction, Alliance Architects and Claymoore Engineering.
LOCKHART, TEXAS — Stream Realty Partners has brokered the sale of a 283,000-square-foot industrial building in the Central Texas city of Lockhart. The 25-acre property at 1205 Reed Drive also includes a 5.4-acre greenhouse, a 48,900-square-foot, “high-tech” warehouse and nine acres of excess land for future development. Ralph Coppola, Will Hall and Bridger Gunderson of Stream represented the seller, Austin-based Evergen Equity, in the deal. The buyer was Sensei Farms, a sustainable farming company backed by Oracle co-founder Larry Ellison.
FORT WORTH, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Vista Del Sol, a 54-unit apartment building in South Fort Worth. Vista Del Sol offers one- and two-bedroom units, as well as an onsite leasing office and laundry facilities. Greg Miller of TMG represented the seller in the transaction, and Chase Davis, also with TMG, represented the buyer. Both parties requested anonymity.
HOUSTON — JS Wholesale has signed a 34,282-square-foot industrial lease in southwest Houston. The space is located at 4860 S. Sam Houston Parkway W. Will Mason and Wilson Kelsey of Stream Realty Partners represented the tenant in the lease negotiations. Joseph Smith and Savannah Smith of CBRE represented the locally based landlord, The Levey Group.
DALLAS — Kennedy Funding, a New Jersey-based direct private lender, has provided a $2 million acquisition loan for a 62.7-acre residential development site located at 2700 Simpson Stuart Road in South Dallas. The borrower, an entity doing business as The Beach Dallas LLC, is under contract to buy the site for $3 million. Specific plans for the future development were not disclosed.
IRVINE, CALIF. — JLL Capital Markets has arranged an $820 million refinancing for a 6.1 million-square-foot industrial portfolio comprising 42 shallow-bay properties across six markets. JLL arranged the CMBS financing on behalf of the borrower, a joint venture between affiliates of CIP Real Estate LLC and Almanac Realty Investors. Wells Fargo led the floating-rate, single-asset single-borrower (SASB) refinancing, with J.P. Morgan and Goldman Sachs also originating portions of the loan. The properties span major industrial markets, including Atlanta, Dallas-Fort Worth, Charlotte, Tampa and California’s East Bay and Inland Empire. As of September, the portfolio was 91 percent leased to more than 950 tenants. The buildings feature average clear heights of 19 feet, an average office finish of 33 percent and range in size from 16,176 to 944,655 square feet. The average property size is 145,925 square feet. Many tenants are logistics, e-commerce and distribution users, including last-mile operators and small- to medium-sized businesses. CIP plans to continue its growth strategy in the shallow-bay industrial sector, where it sees opportunity to serve the evolving needs of logistics, e-commerce and distribution tenants, according to CEO Eric Smyth. JLL’s Kevin MacKenzie, Peter Thompson, Christopher Pratt, Kyle White, Anthony Scaglione and Nick Englhard led …
BAYTOWN, TEXAS — TGS Cedar Port Partners LP, the owner of the 15,000-acre Cedar Port Industrial Park master-planned development in Baytown, has preleased a 420,150-square-foot distribution building. Supply Chain Management LLC will occupy the entirety of the building at 5300 E. McKinney Road, which is known as TGS Cedar Port DC 9. The building is currently under construction on a 23-acre site and will feature a cross-dock configuration and 40-foot clear heights. Partners Real Estate represented ownership in the lease negotiations. Brad Beauchamp of Colliers represented the tenant.