Texas

Cawley Partners Buys 187,424 SF Industrial Property in Carrollton, Texas

by Taylor Williams July 11, 2023

CARROLLTON, TEXAS — Locally based investment and development firm Cawley Partners has purchased CP Frankford Trade Center, a 187,424-square-foot industrial property in the northern Dallas metro of Carrollton. At the time of sale, the property was fully leased to cosmetics provider Mary Kay, which has been a tenant since the facility was constructed in 2003. Jim Carpenter, Jud Clements, Robby Rieke, Taylor Starnes, Madeleine Supplee and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. The sales price was also not disclosed.

July 11, 2023

Acquisitions Industrial Texas

LanCarte Commercial Arranges Sale of 143,596 SF Industrial Property in Ennis, Texas

by Taylor Williams July 11, 2023

ENNIS, TEXAS — LanCarte Commercial, an investment and brokerage firm based in Fort Worth, has arranged the sale of a 143,596-square-foot industrial property in Ennis, located south of the metroplex. According to LoopNet Inc., the single-tenant property at 2708 NE Main St. was built on 8.9 acres in 1969, renovated in 2010 and features 30-foot clear heights. Sarah LanCarte, Parker LanCarte and Jenny Carlstrom of LanCarte Commercial represented the seller in the transaction. Justin Rubel of Converd Commercial represented the out-of-state buyer. Both parties requested anonymity.

July 11, 2023

Industrial Leasing Activity Texas

Curtis Specialized Moving & Storage Signs 98,132 SF Industrial Lease Renewal, Expansion in Dallas

by Taylor Williams July 11, 2023

DALLAS — Curtis Specialized Moving & Storage LLC has signed a 98,132-square-foot industrial lease renewal and expansion at 460 W. Mockingbird Lane in Dallas. The tenant is taking an additional 5,625 square feet. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC, in the lease negotiations. David Easterling of CBRE represented the tenant.

July 11, 2023

Acquisitions Industrial Texas

Roof Experts Acquires 17,165 SF Industrial Flex Property in Garland, Texas

by Taylor Williams July 11, 2023

GARLAND, TEXAS — Roof Experts has acquired a 17,165-square-foot industrial flex property in Garland, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 601 N. 1st St. was built in 1970 and features a 14-foot clear height. Jeff McVaney of Partners Real Estate represented Roof Experts in the transaction. Chas Lester of TIG Real Estate Services represented the undisclosed seller.

July 11, 2023

Acquisitions Northmarq Retail Texas

Northmarq Brokers Sale of 11,692 SF Retail Strip Center in Deer Park, Texas

by Taylor Williams July 11, 2023

DEER PARK, TEXAS — Northmarq has brokered the sale of The Shoppes at Town Square, an 11,692-square-foot retail strip center in Deer Park, an eastern suburb of Houston. Five tenants occupy the center. Riley Sharman of Northmarq represented the Florida-based seller in the deal. The buyer was a local 1031 exchange investor. Both parties requested anonymity. Larry Peters and Michael Borden of Northmarq arranged acquisition financing.

July 11, 2023

Affordable Housing Development Multifamily Texas

Palladium USA Breaks Ground on $48M Affordable Housing Community in McKinney, Texas

by Taylor Williams July 10, 2023

MCKINNEY, TEXAS — Dallas-based owner-operator Palladium USA has broken ground on a $48 million affordable housing community in McKinney. The four-story complex will house one-, two- and three-bedroom units and amenities such as a pool, children’s play area, clubroom with a communal kitchen, fitness center, dog park and a computer lounge. Cross Architects designed the project, and Treymore Construction is the general contractor. The Texas Department of Housing & Community Affairs issued $23 million in tax-exempt bonds for the project that were purchased by Cedar Rapids Bank & Trust. PNC Bank also provided over $19 million in equity. Palladium is developing the project in partnership with The McKinney Housing Finance Corp. The first units are set to be delivered in late 2024.

July 10, 2023

Development Loans Multifamily Seniors Housing Texas

Ziegler Arranges $25.3M Bond Financing for Seniors Housing Project in San Antonio

by Taylor Williams July 10, 2023

SAN ANTONIO — Ziegler has arranged $25.3 million in bond financing for Forefront Living San Antonio (FLSA), which plans to use the funds to acquire a 27-acre tract in the city and pay for pre-construction development costs of a seniors housing project. FLSA will own and operate the community, which is slated to include 153 independent living apartments, 40 independent living cottages and 16 memory support assisted living units, as well as a covered parking deck, common areas and administrative support spaces. The financing comprises $22.3 million in tax-exempt notes and $3 million in taxable notes placed with affiliates of FLSA. The development will be named Bella Vida at La Cantera.

July 10, 2023

Leasing Activity Retail Texas

EVO Entertainment to Open 53,300 SF Venue in Hutto, Texas

by Taylor Williams July 10, 2023

HUTTO, TEXAS — EVO Entertainment Group has signed a 53,300-square-foot lease at Townwest Commons in Hutto, with plans to open a cinema, bowling and entertainment venue at the property in 2024. Nathan Nickerson of Common Ground represented the tenant in the leasing negotiations and secured an incentives package with the City of Hutto. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties, on an internal basis.

July 10, 2023

Acquisitions Retail Texas

Partners Real Estate Brokers Sale of 13,400 SF Retail Strip Center in Corpus Christi

by Taylor Williams July 10, 2023

CORPUS CHRISTI, TEXAS — Partners Real Estate has brokered the sale of River Court Shopping Center, a 14,000-square-foot retail strip center in Corpus Christi. Tenants include First Cash Pawn, Pro Cleaners and Hu-Dat Noodle House. Gustavo Torres of Partners, along with Lynann Pinkham of Cravey Real Estate Services, represented the seller, an entity doing business as KCP River Court, in the transaction. The buyer and sales price were not disclosed.

July 10, 2023

Leasing Activity Office Texas

IT Service Provider Signs 3,986 SF Office Lease in Fort Worth

by Taylor Williams July 10, 2023

FORT WORTH, TEXAS — The David L. Aldridge Co., a provider of information technology (IT) services, has signed a 3,986-square-foot office lease at One Ridgmar Centre in Fort Worth. The 10-story, 177,199-square-foot building recently underwent a capital improvement program. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, Frontier Equity, in the lease negotiations. Justin Utay of NAI Robert Lynn represented the tenant.

July 10, 2023

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