DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 10,143-square-foot industrial lease in northeast Dallas. According to LoopNet Inc., the property at 10451 Brockwood Road was built in 1984 and totals 58,758 square feet. Josh Barnes, Blake Troiani and Mitch Cantwell of Holt Lunsford represented the owner, Boston-based Taurus Investment Holdings, in the lease negotiations. Landon Brune of CBRE represented the tenant, Digi Security Systems.
AUSTIN, TEXAS — JLL has brokered the sale of 3Waller, a 259-unit multifamily property in downtown Austin. Built in 2022, the property offers studio, one- and two-bedroom micro-units that have an average size of 467 square feet. According to Apartments.com, amenities include a pool, fitness center, coworking space, resident lounge and a rooftop deck. Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee of JLL represented the seller, Transwestern, in the transaction. Placemakr acquired the asset for an undisclosed price.
MCKINNEY, TEXAS — Developer Griffin | Swinerton has broken ground on a 40,000-square-foot hangar building at the 745-acre McKinney National Airport in metro Dallas. The project includes the construction of a 3,200-square-foot inspections building that will expedite the customs process for international travelers. Project partners include architecture firm JRMA, engineering firm Garver and general contractor Swinerton, which is an affiliate of the developer. Completion is slated for May 2025.
TYLER, TEXAS — Houston-based investment and brokerage firm NewQuest Properties has arranged the sale of Shops at Shiloh, a 14,927-square-foot retail center in Tyler, about 100 miles east of Dallas. A CEFCO convenience store and gas station anchors the property, which was built on 2.4 acres in 2008 and was 95 percent occupied at the time of sale. Austen Baldridge of NewQuest and Marc Peeler, now with Partners Real Estate, represented the undisclosed seller in the transaction. Eliud Sangabriel of SVN Trinity Advisors represented the undisclosed buyer, which acquired the property via a 1031 exchange.
COPPELL, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 12,800-square-foot industrial lease in Coppell, located in the northern-central part of the metroplex. According to LoopNet Inc., the property at 820 W. Sandy Lake Road was built in 2005. Andrew Gilbert and Keaton Brice of Holt Lunsford represented the owner, LaSalle Investment Management, in the lease negotiations. Kurt North of North Pointe Commercial represented the tenant, Sky Elements CTC.
HOUSTON — Pressify Inc., a provider of custom printing services for the apparel industry, has signed a 12,192-square-foot industrial lease at 10161 Harwin Drive in West Houston. Stephen Hazen and Jacob Summers of locally based brokerage firm Oxford Partners represented Pressify in the lease negotiations. Lesley Rice and Andy Parish of Partners Real Estate represented the landlord.
HOUSTON — A joint venture between the principals of Westmont Hospitality Group, STOA Architects and DC Partners has delivered Torrey Chase Apartments, a 280-unit affordable housing project in North Houston. The property consists of five buildings that house one- and two-bedroom units that are reserved for households earning 60 percent or less of the area median income. Amenities include a pool, outdoor grilling and dining stations, a dog park and a children’s play area. Frank & Hill Architects designed Torrey Chase, which was 75 percent preleased as of the grand opening ceremony in April.
REFUGIO, TEXAS — Marcus & Millichap has brokered the sale of Affordable Mini Storage, a 126-unit self-storage facility in Refugio, about 40 miles north of Corpus Christi. The site spans 2.5 acres at 908 Bayou Road and can support additional expansion. The facility was built in 2014 and offers 14,700 net rentable square feet. Jon Danklefs of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Kingcrest Communities.
BOERNE, TEXAS — Capital advisory firm David B. Norton Inc. has arranged $18.7 million in construction and equity financing for a 125-unit multifamily project in Boerne, a northwestern suburb of San Antonio. The building will rise four stories and total 98,000 square feet of rentable space. Units will come in studio, one- and two-bedroom floor plans and feature an average size of 782 square feet. Construction is set to begin immediately and last about 18 months. The borrower and direct lender were not disclosed.
STAFFORD, TEXAS — Phoenix Design Group has signed a 14,195-square-foot industrial lease renewal in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building at 4850 Wright Road was built in 1979 and totals 42,695 square feet. Ryan Hartsell and Chase McAteer of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. William Carpenter of Stream Realty Partners represented the landlord, Mapletree.