LAREDO, TEXAS — Houston-based investment firm Triten Real Estate Partners has purchased a 30,462-square-foot industrial building in the Rio Grande Valley city of Laredo. The site at 12125 Jef Drive spans 9.6 acres within Killiam Industrial Park and offers proximity to the World Trade Bridge and I-35. Triten acquired the building via a sale-leaseback with an undisclosed owner-occupier.
ARLINGTON, TEXAS — Weitzman has negotiated a 9,122-square-foot restaurant lease in Arlington. The Original Roy Hutchins Barbeque will occupy the space at 1600 E. Copeland Road, a freestanding building that is located in the city’s entertainment district. Gretchen Miller of Weitzman represented the undisclosed landlord in the lease negotiations. Jordan Cluff and Turner Hosch of DuWest Realty represented the tenant.
HOUSTON — The James Campbell Co., a Hawaii-based investment firm, has acquired Beltway Crossing Northwest, a 663,882-square-foot industrial park in northwest Houston. The development comprises three buildings that were fully leased at the time of sale, as well as a 7.4-acre parcel that can support about 150,000 square feet of additional development. Buildings range in size from 67,200 to 441,000 square feet and feature 24- to 32-foot clear heights. The seller and sales price were not disclosed.
LAREDO, TEXAS — A partnership between industrial investment firm Axis and Silicon Valley-based Menlo Equities has broken ground on a 213,781-square-foot project in the Rio Grande Valley city of Laredo. The building will feature 32-foot clear heights, 87 dock-high doors, two drive-in ramps, 130-foot truck court depths and 354 truck trailer stalls. The site also houses 12 acres of undeveloped land for additional trailer parking or outdoor storage. Lee & Associates is leasing the project, which is slated for a third-quarter completion.
SAN ANTONIO — Locally based brokerage and investment firm Worth & Associates has purchased a 99,263-square-foot office building in San Antonio. The four-story building at 800 E. Sonterra Blvd. is located on the city’s north side and was originally constructed in 1999, according to LoopNet Inc. Steve Thomas, Alyse Sellers and Zander Thomas of Stream Realty Partners represented the seller, Energy Transfer, in the transaction. Shawn Gulley and Lukin King represented Worth & Associates on an internal basis.
HOUSTON — JLL has brokered the sale of Timberway One, a 93,578-square-foot office building located in the Energy Corridor area of West Houston. The three-story building was 92 percent leased at the time of sale to tenants elevator manufacturer thyssenkrupp, 2H Offshore and Medical Care Center. Marty Hogan led the JLL team that represented the seller, Miami-based Banyan Street Capital, in the transaction. The buyer was locally based investment firm LM & Associates.
MIDLOTHIAN, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Shops on 663, a 14,812-square-foot retail strip center in Midlothian, a southern suburb of Dallas. The name stems from the site’s location on FM 663, and the fully leased center is home to tenants such as Sport Clips and Anytime Fitness. Jack Hicks and Hudson Lambert of STRIVE represented the seller, an Austin-based developer, in the transaction and procured the buyer, a California-based investor. Both parties requested anonymity.
MCKINNEY, TEXAS — Globe Life has agreed to purchase a new office building in McKinney, located north of Dallas, for the relocation of its corporate headquarters. The insurance giant will relocate from the Stonebridge Ranch master-planned development to the 200,000-square-foot building at 7677 Henneman Way, which Globe Life purchased along with two undeveloped adjacent tracts totaling 9.3 acres for future expansion. Southstate Bank sold the building, which was previously housed the headquarters of Independent Bank prior to that institution being acquired by Southstate. Campbell Puckett, Ryan Hoopes, Bill McClung, Tucker Hume, Zach Bean, and Chris Taylor of Cushman & Wakefield represented both Globe Life and Southstate Bank in the transaction.
NORTHLAKE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Livano Canyon Falls, a 300-unit apartment community located north of Fort Worth in Northlake. Livano Canyon Falls is a three-story, garden-style complex that offers one-, two- and three-bedroom units with an average size of 1,015 square feet. Amenities include a pool, private workspaces and fishing ponds. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill and Shelby Clark of IPA represented the undisclosed seller in the transaction and procured the buyer, an affiliate of Harbor Group International. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Tyler Johnson of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the deal.
HOUSTON — Cushman & Wakefield has arranged an undisclosed amount of financing for a portfolio of three healthcare assets totaling 110,636 square feet in the Houston area. The portfolio comprises medical office buildings that were built between 2015 and 2017 and were fully leased to regional provider Memorial Hermann Health System at the time of the loan closing. Buildings range in size from 30,523 to 47,859 square feet and are located in League City, Spring and Katy. The financing represents a senior loan provided by a syndicate of lenders that includes Siemens and First Horizon Bank. Tyler Morss and Gideon Gil of Cushman & Wakefield arranged the financing on behalf of the owner, a partnership between Big Sky Medical and GFH Partners.