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Mesquite-Airport-Logistics-Center
IndustrialLeasing ActivityTexas

Masonite International Signs 626,718 SF Industrial Lease in Metro Dallas

by Taylor Williams

MESQUITE, TEXAS — Masonite International Corp., a South Florida-based manufacturer of construction products, has signed a 626,718-square-foot industrial lease at Mesquite Airport Logistics Center, located on the eastern outskirts of Dallas. The tenant will occupy the entirety of Building 2, which was part of Phase I at the 2.3 million-square-foot development. Construction of the two-building second phase is underway and expected to be complete next year. Matt Dornak and Ryan Wolcott of Stream Realty Partners represented the landlord, Dalfen Industrial, in the lease negotiations.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 604-Unit Self-Storage Facility in Beeville, Texas

by Taylor Williams

BEEVILLE, TEXAS — Marcus & Millichap has brokered the sale of Security Mini Storage, a 604-unit self-storage facility in Beeville, about 100 miles south of San Antonio. The facility, which consists of 21 buildings on a 5.9-acre site, spans 74,800 net rentable square feet. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the Nevada-based seller in the transaction. The duo also procured the buyer, a Colorado-based limited liability company that closed on the asset via a 1031 exchange. Both parties requested anonymity. Security Mini Storage was 95 percent occupied at the time of sale.

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AcquisitionsRetailTexas

Mazaheri Properties Acquires 213,416 SF Retail Power Center in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Oklahoma City-based investment firm Mazaheri Properties has acquired The Shops at Chisholm Trail Ranch, a 213,416-square-foot retail power center in Fort Worth. At the time of sale, the center was 97.5 percent leased to tenants such as Studio Movie Grill, Ulta Beauty, Old Navy, Ross Dress for Less, Marshalls, Tuesday Morning and Five Below. Chris Gerard, Barry Brown and Matthew Barge of JLL represented the seller, Dallas-based StreetLevel Investments, which completed the center in August 2020, in the transaction. Phillip Mazaheri of Price Edwards & Co. represented the buyer.

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Radius-on-Grove-Austin
AcquisitionsMultifamilyTexas

Newmark Arranges Sale of 156-Unit Radius on Grove Apartments in Austin

by Taylor Williams

AUSTIN, TEXAS — Newmark has arranged the sale of Radius on Grove, a 156-unit apartment complex in Austin’s East Riverside neighborhood. The property offers one- and two-bedroom units and amenities such as a pool, clubhouse, business center, fitness center, pet play area and outdoor grilling and dining stations. Patton Jones and Andrew Dickson of Newmark represented the seller, Houston-based investment firm Hilltop Residential, in the transaction. The buyer, Los Angeles-based Square House Capital, plans to implement a value-add program. Radius on Grove was 98 percent occupied at the time of sale.

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Leasing ActivityRestaurantRetailTexas

Kimco Negotiates Two Food-and-Beverage Leases at Shops at Baybrook in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — Kimco Realty, a New York-based REIT, has negotiated two food-and-beverage leases with Kura Sushi, a technology-enabled Japanese restaurant, and specialty meat concept Wild Fork at The Shops at Baybrook. The leases respectively total 3,848 and 4,700 square feet. The center is under construction in the southeastern Houston suburb of Webster. Hannah Tosch, Wade Greene, Cody Persyn and Kimberly Lenardson of Colliers represented Kimco in the lease negotiations. Opening dates have not yet been established.

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DevelopmentMultifamilyTexas

StreetLights Residential Completes 343-Unit Multifamily Project in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Locally based developer StreetLights Residential has completed The Louise, a 343-unit multifamily project in Arlington that represents Phase II of a larger project within the 2,000-acre Viridian mixed-use development. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 588 to 1,674 square feet. The development also features 32 townhomes with an average size of 1,902 square feet. Amenities include a pool, outdoor lounge, clubroom, fitness center, golf simulator, library, art studio, conference room and a pet park. Information on starting rents was not disclosed. Phase I of the development, The Jackson, totals 340 units and was completed last year.

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AcquisitionsIndustrialOklahomaTexas

MAG Capital Partners Acquires 76,673 SF Industrial Portfolio in Bartlesville, Oklahoma

by Taylor Williams

BARTLESVILLE, OKLA. — Fort Worth-based investment firm MAG Capital Partners has acquired a 76,673-square-foot industrial portfolio in Bartlesville, a northern suburb of Tulsa. The portfolio comprises two buildings totaling 41,525 and 35,148 square feet that respectively feature 14- and 19-foot clear heights. J.C. Asensio, Briggs Goldberg and Andrew Sandquist of Newmark represented the seller, ImageFIRST Healthcare Laundry Specialists, which has entered into a sale-leaseback agreement with MAG Capital Partners.

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IndustrialLeasing ActivityTexas

Jorstin Transportation Signs 62,656 SF Industrial Lease Renewal, Expansion in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Third-party logistics firm Jorstin Transportation Services has signed a 62,656-square-foot industrial lease renewal and expansion in Fort Worth. The tenant has taken an additional 34,473 square feet of space at Everman Trade Center, a four-building, 457,745-square-foot development on the city’s south side. Thomas Grafton and Matt Carthey of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties, in the lease negotiations.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 10,000 SF Retail Property in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of a 10,000-square-foot retail property located at 6300 North Main St. in Houston’s Heights neighborhood. According to LoopNet Inc., the property was built in 2015. Justin Miller of Marcus & Millichap represented the seller, a locally based developer, in the transaction and procured a 1031 exchange investor as the buyer. Both parties requested anonymity.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 8,953 SF Retail Strip Center in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Locally based retail brokerage firm STRIVE has arranged the sale of an 8,953-square-foot retail strip center in Flower Mound, a northern suburb of Fort Worth. The property sits at the front of the 158-acre Riverwalk mixed-use development and was fully leased to three tenants at the time of sale. Hudson Lambert of STRIVE represented the seller and procured the buyer, both of which were locally based entities that requested anonymity.

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