HOUSTON — Stream Realty Partners has completed Raceway Northwest Distribution Center, a 156,483-square-foot speculative industrial project in northwest Houston. The front-load building features 36-foot clear heights, 35 dock-high doors, 109 car parking spaces and 22 trailer parking stalls. In addition, Raceway Northwest Distribution Center offers office space, fully fenced truck courts and quick access to the Sam Houston Tollway and U.S. Highway 290. Stream is also the project’s leasing agent.
HOUSTON — Cypressbrook Co. has negotiated the sale of a 25,000-square-foot industrial building that sits on a two-acre site within Central Green Business Park in North Houston. According to LoopNet Inc., the single-tenant property at 1950 S. Starpoint Drive was built in 1982. John Hornbuckle of Cypressbrook Co. represented the seller, LuAnn Houston Properties, in the transaction. Wes Cole of Rubicon Representation represented the buyer, an entity doing business as Coral Sea Holdco LLC.
DALLAS — An undisclosed, international aviation firm has signed a 23,040-square-foot industrial lease at PROTO Park, a 250,000-square-foot industrial facility in the Brookhollow neighborhood of Dallas. Sarah Ozanne and Lena Pierce of Stream Realty Partners represented the landlord, a partnership between Dallas-based M2G Ventures and Austin-based Pennybacker Capital, in the lease negotiations. Ryan Buchanan of CBRE represented the tenant. PROTO Park is now 90 percent leased.
EL PASO, TEXAS — Atlanta-based investment firm MDH Partners has entered into an agreement to acquire Loop 375 Industrial, a three-building, 554,960-square-foot development that is nearing completion in El Paso. The site spans 36.7 acres, and the development features 191 trailer parking spaces, 230 car parking spaces and clear heights of 32 to 36 feet. Bret Felberg and Jeff Morris of Colliers represented the seller and developer, Houston-based NIT Industrial, in the transaction. MDH Partners also provided NIT Industrial with mezzanine debt to complete construction. The financing is coterminous with the senior construction loan, which was provided by Veritex Community Bank. CBRE is leasing the development, which is scheduled to come on line this fall.
DENTON, TEXAS — Atlanta-based multifamily developer Wood Partners has opened Alta Denton Station, a 248-unit apartment community in North Texas. Units come in one-, two- and three-bedroom formats and are furnished with stainless steel appliances, granite countertops, tile backsplashes and individual washers and dryers. Amenities include a pool, fitness center, coworking space, pet care facilities and outdoor grilling and dining areas. Rents start at $1,300 per month for a one-bedroom unit.
SAN ANTONIO — CBRE has arranged the $5.3 million sale of the Villita Assembly Building, a 24,785-square-foot event center in downtown San Antonio. The single-story building was constructed on 1.1 acres in 1958 and includes a banquet hall, kitchen and an outdoor plaza. Andrew Price of CBRE represented the seller, CPS Energy, in the transaction. The buyer, GrayStreet Partners, intends to upgrade and restore the Villita Assembly Building and keep it as an event venue.
SAN ANTONO — KCI Technologies, an engineering, surveying and construction management firm, has signed a 23,000-square-foot office lease to be the anchor tenant at Inwood Village II, a 74,265-square-foot building under construction on the north side of San Antonio. David Ballard and Parker LaBarge of CBRE represented the tenant in the lease negotiations. Rob Gish and Shawn Gulley internally represented the landlord, locally based developer Worth & Associates. Completion of Inwood Village II is slated for the summer.
MAGNOLIA, TEXAS — SVN | J. Beard Real Estate has begun leasing Country Forest Plaza, a 9,615-square-foot retail project located at 11828 FM 1488 in Magnolia, about 45 miles northwest of Houston. Retail spaces will range in size from 1,300 to 5,715 square feet. Kane Dunbar served as general contractor for the project, construction of which began in January and is expected to be complete during the summer.
DENTON, TEXAS — Cold Creek Solutions, a cold storage developer based in the Dallas-Fort Worth area, has sold a 374,560-square-foot speculative facility in the North Texas city of Denton. The facility sits on a 23-acre site just northwest of I-35 and Barthold Road. Building features include 45-foot clear heights, more than 60,000 pallet positions, multiple tenant suites with convertible temperature functionality, 65 trailer parking spaces and ample car parking. ARCO National Construction served as the general contractor for the project, construction of which began in late summer 2021. The buyer was not disclosed.
IRVING, TEXAS — Newmark has brokered the sale of Crestview Tower, a 262,962-square-foot office building in Irving’s Las Colinas district. The 12-story building sits on a 10.1-acre site and was renovated in 2015. Amenities include a fitness center, conference facilities, tenant lounge and various outdoor green spaces. Robert Hill, Chris Murphy, Gary Carr and Chase Tagen of Newmark represented the seller, Austin-based CapRidge Partners, in the transaction. The buyer, a partnership between Reserve Capital Partners and Trinity Investors, has retained Stream Realty Partners to lease the building and hired Entos Design to reimagine the entryway, lobby, fitness center, tenant lounge and outdoor patio. Crestview Tower was 78 percent leased at the time of sale.
