TROY, TEXAS — Marcus & Millichap has brokered the sale of Trojan Self Storage, a 580-unit facility in Troy, located south of Waco in Central Texas. The facility spans 87,480 net rentable square feet. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were private investors that requested anonymity, in the transaction.
AUSTIN, TEXAS — CBRE has negotiated a 45,496-square-foot office headquarters lease in southwest Austin for Epicor Software, a provider of technology solutions for the manufacturing, distribution and retail sectors. Nate Stricklen and John Gump of CBRE represented the tenant, which took occupancy of its new space within the Las Cimas office complex in July, in the lease negotiations. Kevin Granger and Brian Liverman of Cushman & Wakefield represented the landlord, Boston-based Rockpoint.
HOUSTON — Civil engineering firm Kimley-Horn has signed a 23,608-square-foot office lease expansion at 11700 Katy Freeway in Houston’s Energy Corridor. The tenant is doubling its space to 47,216 square feet at the 14-story, 325,000-square-foot building. Kevin Poynter of Poynter Commercial Properties Corp. represented the landlord, an affiliate of ATCAP Partners, in the lease negotiations. Kris Knapstein and Drew Morris of Savills represented Kimley-Horn.
By Jim Breitenfeld, CCIM, president, Sidecar Commercial Real Estate While Collin County continues to see massive residential projects in markets like Anna, Celina and Melissa, as well as major redevelopments of existing shopping and dining destinations, a closer look at the region’s economic drivers reveals a significant shift in the types of industries that are driving demand for new commercial projects. Housing remains a critical need for all of North Texas, one of the fastest-growing regions in the country. With that comes demand for revamped retail, restaurant and entertainment options that include a healthy mix of necessity and luxury users, as well as some basic demand for office space. The latter is already well-supported via the swaths of corporate relocations and regional workforce consolidations that have occurred in the area over the past five to 10 years. But those needs are fairly germane to any area that is experiencing rapid and substantial job and population growth. In addition to this activity, we now see new types of commercial tenants targeting Collin County. These include life sciences/biotech, supply chain/logistics and specialized healthcare uses. According to data supplied by the U.S. Bureau of Labor Statistics and analyzed and published in the Sidecar …
By Jim Breitenfeld, CCIM, president, Sidecar Commercial Real Estate While Collin County continues to see massive residential projects in markets like Anna, Celina and Melissa, as well as major redevelopments of existing shopping and dining destinations, a closer look at the region’s economic drivers reveals a significant shift in the types of industries that are driving demand for new commercial projects. Housing remains a critical need for all of North Texas, one of the fastest-growing regions in the country. With that comes demand for revamped retail, restaurant and entertainment options that include a healthy mix of necessity and luxury users, as well as some basic demand for office space. The latter is already well-supported via the swaths of corporate relocations and regional workforce consolidations that have occurred in the area over the past five to 10 years. But those needs are fairly germane to any area that is experiencing rapid and substantial job and population growth. In addition to this activity, we now see new types of commercial tenants targeting Collin County. These include life sciences/biotech, supply chain/logistics and specialized healthcare uses. According to data supplied by the U.S. Bureau of Labor Statistics and analyzed and published in the Sidecar …
FORT WORTH, TEXAS — Arizona-based developer Empire Group of Cos. has acquired 48 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth for the construction of a build-to-rent residential project. Empire plans to develop Village at Golden Triangle, which will comprise 323 homes on 30 acres, and sell the remaining 18 acres, which are zoned for office and/or retail development. Homes will come in a mix of one-, two- and three-bedroom formats with private backyards, and residential amenities will include a pool, outdoor grilling areas, a fitness center, walking paths, community clubhouse and a dog park. Construction is set to begin in the first quarter of 2023. Details of the commercial component were not disclosed. Empire Group acquired the land for $16 million.
THE WOODLANDS, TEXAS — Cellipont Bioservices, a California-based biotechnology company specializing in cell therapy treatments, has signed a 76,245-square-foot life sciences lease in The Woodlands, located about 30 miles north of Houston. The facility will be constructed in phases from the ground up, with initial operations expected to commence during the first half of 2023. Zach Leger and Holden Rushing of NAI Partners represented the tenant in the lease negotiations. Dave Baker and Brian Buglione of JLL represented the landlord, Vitrian.
HOUSTON — CBRE has negotiated a 64,018-square-foot office lease at Westway Plaza, a 325,000-square-foot building located two miles northwest of Houston’s Energy Corridor. Kevin Saxe of CBRE represented the tenant, independent oil and gas provider Surge Energy, in the lease negotiations. Surge Energy is relocating from nearby Heron Lakes Office Park and adding 25,000 square feet to its corporate footprint. The move-in is scheduled for February 2023.
DALLAS — Lee & Associates has arranged a 38,353-square-foot industrial lease at 9755 Clifford Drive in North Dallas. According to LoopNet Inc., the property was built in 2001 and spans 114,400 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.
ROSHARON, TEXAS — Colliers has brokered the sale of a 10,575-square-foot industrial property in Rosharon, located south of Houston. Built in 2008, the crane-served complex consists of a main warehouse with office space, break rooms and a conference room, as well as a 1,200-square-foot outbuilding. Christopher Winters and Walter Menuet of Colliers represented the seller, Glenmorangie LLC, in the transaction. The buyer was not disclosed