PORT ARTHUR, TEXAS — LandPark Advisors, a Houston-based investment and management firm, has acquired Park Central Self Storage, a 312-unit facility in Port Arthur, located south of Beaumont along the Texas Gulf Coast. The facility sits on 3.8 acres and totals 48,430 net rentable square feet. LandPark, which acquired the asset in partnership with Sunset Capital, will operate the property under its Right Move Storage brand. The seller and sales price were not disclosed.
NEW BRAUNFELS, TEXAS — Marcus & Millichap has brokered the sale of TEPCO Storage, a 45-unit self-storage facility in New Braunfels, located on the northeastern outskirts of San Antonio. The site spans 1.4 acres. Jon Danklefs of Marcus & Millichap represented the seller in the transaction. Sean Delaney, also with Marcus & Millichap, represented the buyer. Both parties were limited liability companies that requested anonymity.
THE WOODLANDS, TEXAS — Locally based brokerage firm Newcor Commercial Real Estate has arranged the sale of a 10,000-square-foot industrial building located north of Houston in The Woodlands. Ryan Dierker and Rob Banzhaf of Newcor represented the seller, Black Forest Ventures, in the transaction. O.J. Bobek of Bobek Realty Group represented the buyer, M. Libman Investment LLC. The single-tenant building was fully leased at the time of sale.
PASADENA, TEXAS — An affiliate of New York City-based Olive Tree Holdings has completed the $4 million renovation of The Life at Beverly Palms, a 308-unit apartment community located in the eastern Houston metro of Pasadena. The property was built in 1971 and offers one-, two- and three-bedroom units. Unit interiors received new paint and windows, and exterior upgrades included refreshed sidewalks, roofs and landscaping. Olive Tree also enhanced the amenity spaces, which include a community room, pool, picnic area, laundry center, dog park and playground.
HOUSTON — Furniture vendor and supplier KHD Group has signed a 156,483-square-foot industrial lease at Raceway Distribution Center Northwest in northwest Houston. The tenant will occupy the entirety of the speculative building, which was developed by Stream Realty Partners and completed earlier this year. Building features include 36-foot clear heights, 25 dock-high doors and parking for 109 vehicles and 22 trailers. Jeremy Lumbreras and Boone Smith represented Stream in the lease negotiations on an internal basis. Pinnacle Real Estate Group represented KHD Group.
DALLAS — Cushman & Wakefield has negotiated a 90,609-square-foot office headquarters lease at One Victory Park in Uptown Dallas. The tenant, energy company HF Sinclair Corp., will occupy three of the building’s 20 floors. Matt Schendle, Cynthia Cowen and Carrie Halbrooks of Cushman & Wakefield represented the landlord, New York-based Clarion Partners, in the lease negotiations. Phil Puckett and Harlan Davis of CBRE represented HF Sinclair.
MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a two-building, 21,000-square-foot industrial complex in the West Texas city of Midland. Built on 10 acres in 2011, the property was fully occupied at the time of sale by Arkos Field Services, which provides compression equipment for the natural gas industry. Adam Abushagur, Davis Cagle and Nathan Parkey of Marcus & Millichap represented the seller, a private investor, in the transaction. Additional terms of sale were not disclosed.
HOUSTON — Dallas-based brokerage firm STRIVE has negotiated the sale of Greenwillow Shopping Center, a 10,033-square-foot, fully leased retail strip center in northwest Houston. According to LoopNet Inc., the property was built in 2003. Michael Hill and Jake Dutson of STRIVE represented the seller, a California-based private investor, in the transaction. The duo also procured the buyer, a local investor. Both parties requested anonymity.
DURANT OKLA. — Safe & Green Holding Corp. a designer and fabricator of modular structures, will develop a 1.1 million-square-foot manufacturing facility in Durant, located just north of the Oklahoma-Texas border. The site spans 114 acres on McLean Avenue. Approximately 120,000 square feet will be used for manufacturing, while the remaining space will support distribution, cold storage and other similar operations. The project team is currently in the design phase. A target completion date was not disclosed.
DALLAS — Los Angeles-based investment firm Westwood Financial has acquired Northview Plaza, a 120,000-square-foot, grocery-anchored shopping center located in northeast Dallas. Kroger anchors the center, which was 89 percent leased at the time of sale. Other tenants include Petco and McDonald’s. The transaction was executed off-market with the undisclosed seller.