KILLEEN, TEXAS — JLL has negotiated the sale of Killeen Marketplace, a shopping center in Central Texas. According to the website of the new owner, Chase Properties, Killeen Marketplace totals roughly 116,000 square feet and is anchored by Best Buy, Ross Dress for Less, Shoe Carnival and dd’s Discounts. The property traded as part of a portfolio deal that included a retail center in Lufkin, Texas, as well as two shopping centers in Arkansas. Adam Howells, Barry Brown and Erin Lazarus of JLL represented the seller, Ball Ventures, in the transaction. Deborah Johnson of JLL assisted in closing the deal as the broker of record.
AUSTIN, TEXAS — Biomedical engineering firm and medical device manufacturer Boston Scientific Corp. has signed an 11-year, 30,821-square-foot office lease at 3601 S. Congress Ave, just south of downtown Austin. The single-story building is part of Penn Field, a 16-acre campus that is a redevelopment of a former U.S. Army base. Local brokerage firm AQUILA Commercial, in partnership with CIM Group, represented the landlord, Creative Media & Community Trust Corp. (NASDAQ: CMCT), in the lease negotiations. The full-building lease brings Penn Field’s total occupancy to 93 percent.
HOUSTON — Stream Realty Partners has negotiated a 19,906-square-foot office lease expansion and renewal at Kirkwood Tower in West Houston. The 15-story, 286,000-square-foot building is located in the Energy Corridor and was recently purchased by affiliates of Apollo Global Management. Adam Ross and Danielle Rothchild of Stream represented the landlord in the lease negotiations. Campbell Puckett and Cooper Bagheri of Cushman & Wakefield represented the tenant, engineering firm Saulsbury Industries.
STAFFORD, TEXAS — EDGE Capital Markets has brokered the sale of Shops at The Grid, a 12,500-square-foot retail strip center in Stafford, a southwestern suburb of Houston. The newly constructed center, which was fully leased at the time of sale, lies at the entrance of The Grid, a 192-acre master-planned development anchored by Costco Business Center and Target. Chace Henke and Micha van Marcke of EDGE represented the undisclosed seller in the transaction.
DALLAS — New York City-based Lument has arranged $123.6 million in CMBS financing across four loans for a portfolio of four multifamily properties totaling 1,111 units in Dallas. The portfolio consists of Avalon 8801, a 212-unit mid-rise that built in 1986 and renovated in the 2010s; 6500 South, a 536-unit mid-rise that was completed in 1985 and renovated in 2012; Casa Bella Apartments, a 176-unit high-rise that was delivered in 1974 and renovated in 2019; and Westwood Apartments, a 187-unit mid-rise that was constructed in 1969 and renovated in the 2010s. All four loans carry fixed interest rates and five-year terms with full-term, interest-only payments. Evan Hom led the transaction for Lument. The borrower was Texas-based owner-operator Sahara Equities.
IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Parc GSW, a 682,491-square-foot industrial property in Irving. Completed in 2017 by a partnership between Jackson-Shaw and Clarion Partners, Parc GSW consists of two buildings that total 450,340 and 232,151 square feet. Both buildings were fully leased at the time of sale to single tenants. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
MIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has broken ground on Palmer Logistics, a 269,700-square-foot industrial project in the southern Dallas suburb of Midlothian. The facility, which will be situated on a 26.5-acre site, will be a build-to-suit for Houston-based chemicals manufacturer Palmer International and will be used for hazardous materials storage and distribution. Construction is expected to be complete next summer.
PEARLAND, TEXAS — Canopy Solutions has signed an 82,560-square-foot industrial lease in the southern Houston suburb of Pearland. The manufacturer of sunshade systems will occupy a rear-load building within Levey Logistics Park, a 38-acre industrial development. Jason Scholtz of Colliers represented the tenant in the lease negotiations. Allison Bergmann and Michael Foreman with Cushman & Wakefield represented the landlord, local owner-operator Levey Group, which developed the property in partnership with the Pearland Economic Development Corp.
PLANO, TEXAS — Newmark has negotiated a 29,000-square-foot office lease in Plano. The tenant is building materials supplier Amrize, and the space is located within Willow Bend Office Center I, a 124,000-square-foot building that was completed in 1998. Nathan Durham of Newmark represented the landlord, an entity doing business as CFT NV Developments LLC, in the lease negotiations. Steve Wentz and Mark Becker of Cushman & Wakefield represented Amrize.
SHERMAN, TEXAS — A partnership led by Community Hospital Corp. will develop Heritage Regional Medical Center, a $400 million acute care facility that will be located within the Heritage Ranch master-planned community in the North Texas city of Sherman. The nonprofit facility will include 100 inpatient beds and the infrastructure to support future expansion of all major departments — surgery, imaging, emergency and outpatient services — by another 200 beds. The initial phase of Heritage Regional Medical Center is expected to account for about 400 new jobs, and future expansion should increase the employee count to over 1,000. National healthcare architectural firm ESa is designing the facility, and ADAMS Management Services Corp. will oversee construction. Construction is scheduled to begin early next year, with the opening slated for 2028.