DALLAS — Refreshing USA, a provider of food-and-beverage vending products and services, has purchased a 35,000-square-foot industrial property located at 2709 Electronic Lane in Dallas. According to LoopNet Inc., the property was built in 1979. Alex Wilson of Lee & Associates represented Refreshing USA, which also plans to occupy the facility, in the transaction. The name and representative of the seller were not disclosed.
WILMER, TEXAS — Dallas-based Champion Partners and Chicago-based Cresset Partners have broken ground on Tradepoint 45 West, a 1.3 million-square-foot speculative warehouse that will be located in the southern Dallas suburb of Wilmer. The site spans 95 acres, and the structure will feature 40-foot clear heights, 237 dock doors, 354 truck trailer parking stalls and 306 employee parking spaces. Completion is slated for the third quarter of 2023. The development team has tapped Stream Realty Partners to lease the building.
SUNNYVALE, TEXAS — Colliers has negotiated the sale of a 163,000-square-foot manufacturing facility located on U.S. Highway 80 in Sunnyvale, an eastern suburb of Dallas. Automotive parts provider The Adell Group occupies the facility along with construction management firm The Christman Co. Andrew Johnson of Colliers represented the buyer, Dallas-based Leon Capital Group, in the transaction, additional terms of which were not disclosed.
SAN ANTONIO — Locally based firm DPR Investments has acquired One Park Ten, a 156,000-square-foot office park in San Antonio. The four-building development is located along the I-10 corridor, just inside Loop 410 on the city’s north side. DPR Investments purchased the property from Florida-based Accesso Partners with plans to implement a value-add program. The firm has tapped REOC San Antonio to lease the property.
AUSTIN, TEXAS — Northmarq has arranged the sale of Mueller Crossing, a 62-unit multifamily property located at 5020 Manor Road in Austin that was originally built in 1969 and recently renovated. Amenities at Mueller Crossing include a pool, outdoor grilling and dining areas and a dog park. Justin Chambers and Scott LaMontagne of Northmarq represented the seller and procured the locally based buyer in the transaction. Both parties were private investment groups that requested anonymity.
HOUSTON — Los Angeles-based design agency Commonwealth Projects has signed a 20,755-square-foot office lease expansion at One Riverway in Houston. The tenant now occupies a full floor at the 481,222-square-foot building, which is located on the city’s west side. Brad Fricks, Matt Asvestas and Danielle Rothchild of Stream Realty Partners represented the landlord, Unilev Capital Corp., in the lease negotiations. Noah Kruger of Savills represented the tenant.
FRISCO, TEXAS — Sports and comedy entertainment group Dude Perfect is planning a $100 million headquarters facility and, according to a report from The Dallas Morning News, has placed North Texas at the top of its site selection list. Variety also reports that Dude Perfect has been planning the facility for about a year with San Antonio-based architecture firm Overland Partners, but is also pitching the project to Los Angeles and Atlanta. The facility would include a 330-foot trick shot tower, mini golf course, a museum and merchandise store, restaurants and two acres of outdoor space. Dude Perfect, which has about 58 million YouTube subscribers, is currently based in Frisco. All five members of the group originally hail from North Texas.
HOUSTON — Berkadia has negotiated the sale of Bend at Oak Forest, a 392-unit apartment community in Houston’s Spring Branch neighborhood. Bend at Oak Forest features one-, two- and three-bedroom units ranging in size from 480 to 1,210 square feet. Amenities include a pool, fitness center, outdoor grilling and dining stations, playground, coffee bar and a pet park. A partnership between Houston-based Goldcor Capital Partners and Maryland-based Excelsa sold the property to locally based investment firm Kastle Assets for an undisclosed price. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia brokered the deal.
TYLER, TEXAS — Northmarq has arranged the sale of Finley Apartments, a 200-unit multifamily property in Tyler, about 100 miles east of Dallas, that was built in 1977. According to Apartments.com, the property offers one- and two-bedroom units ranging in size from 620 to 1,016 square feet. Amenities include a pool, clubhouse, fitness center, tennis court, package handling service, outdoor grilling and dining areas and onsite laundry facilities. Taylor Snoddy, Philip Wiegand, Eric Stockley and Charles Hubbard of Northmarq represented the undisclosed seller in the transaction. Fritz Waldvogel of Colliers Mortgage originated the 10-year loan on behalf of the buyer.
GRAND PRAIRIE, TEXAS — Outdoor apparel and equipment retailer Bass Pro Shops will open a 100,000-square-foot store in Grand Prairie, located in the central part of the Dallas-Fort Worth (DFW) metroplex. The standalone store, which will be the retailer’s fifth location in the region and 15th in Texas, will be constructed from the ground up and will feature a unique custom design. The opening is slated for spring 2024. TA Land Fund, a joint venture between the Dallas-based office of Trez Capital and Charlie Anderson, owns the land on which the store will be built.