LUFKIN, TEXAS — JLL has negotiated the sale of Southloop Crossing, a shopping center in Lufkin, about 120 miles north of Houston. According to a property flyer from the seller, Ball Ventures, and Bridgepoint Real Estate, Southloop Crossing totals roughly 110,000 square feet. The property traded as part of a portfolio deal that included a retail center in Killeen, as well as two other shopping centers in Arkansas. The buyer was Chase Properties. Adam Howells, Barry Brown Erin Lazarus of JLL represented Ball Ventures, in the transaction. Deborah Johnson of JLL assisted in closing the deal as the broker of record.
AUSTIN, TEXAS — PopStroke Entertainment Group, a golf-centric entertainment concept based in Florida, will open a new venue in Austin. PopStroke is assuming operations of The Pitch, a sports-themed entertainment hub on the city’s northeast side that was designed by Mark Odom Studio and developed by Karlin Real Estate. PopStroke will deliver a rebranded dining experience and upgraded event spaces, and the company will also operate The Pitch’s pickleball courts and introduce two new sand volleyball courts. The opening is set for the fall.
HOUSTON — Wright Close & Barger LLP has signed a 41,000-square-foot office lease in downtown Houston. The law firm will relocate from the Galleria area to the 30th and 31st floors of TC Energy Center, a 56-story, 1.2 million-square-foot tower located at 700 Louisiana St. The deal represents a footprint expansion of about 60 percent. Joshua Brown, Audrey Selber and Kaitlyn Duffie of Newmark represented the tenant in the lease negotiations. John Spafford of CBRE represented the landlord, M-M Properties.
HOUSTON — A limited liability company doing business as 14700 TP LLC has purchased Ten Pines at Summerwood, a multifamily property in northwest Houston, for $31.2 million. According to LoopNet Inc., the property was built in 2013 and totals 240 units. Units come in one-, two- and three-bedroom floor plans and are furnished with island kitchens, stainless steel appliances, ceramic tile flooring, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center, business center, clubhouse, sports lounge and an outdoor lounge area. Dustin Seltzer of JLL was the listing agent on the deal.
KILLEEN, TEXAS — JLL has negotiated the sale of Killeen Marketplace, a shopping center in Central Texas. According to the website of the new owner, Chase Properties, Killeen Marketplace totals roughly 116,000 square feet and is anchored by Best Buy, Ross Dress for Less, Shoe Carnival and dd’s Discounts. The property traded as part of a portfolio deal that included a retail center in Lufkin, Texas, as well as two shopping centers in Arkansas. Adam Howells, Barry Brown and Erin Lazarus of JLL represented the seller, Ball Ventures, in the transaction. Deborah Johnson of JLL assisted in closing the deal as the broker of record.
AUSTIN, TEXAS — Biomedical engineering firm and medical device manufacturer Boston Scientific Corp. has signed an 11-year, 30,821-square-foot office lease at 3601 S. Congress Ave, just south of downtown Austin. The single-story building is part of Penn Field, a 16-acre campus that is a redevelopment of a former U.S. Army base. Local brokerage firm AQUILA Commercial, in partnership with CIM Group, represented the landlord, Creative Media & Community Trust Corp. (NASDAQ: CMCT), in the lease negotiations. The full-building lease brings Penn Field’s total occupancy to 93 percent.
HOUSTON — Stream Realty Partners has negotiated a 19,906-square-foot office lease expansion and renewal at Kirkwood Tower in West Houston. The 15-story, 286,000-square-foot building is located in the Energy Corridor and was recently purchased by affiliates of Apollo Global Management. Adam Ross and Danielle Rothchild of Stream represented the landlord in the lease negotiations. Campbell Puckett and Cooper Bagheri of Cushman & Wakefield represented the tenant, engineering firm Saulsbury Industries.
STAFFORD, TEXAS — EDGE Capital Markets has brokered the sale of Shops at The Grid, a 12,500-square-foot retail strip center in Stafford, a southwestern suburb of Houston. The newly constructed center, which was fully leased at the time of sale, lies at the entrance of The Grid, a 192-acre master-planned development anchored by Costco Business Center and Target. Chace Henke and Micha van Marcke of EDGE represented the undisclosed seller in the transaction.
DALLAS — New York City-based Lument has arranged $123.6 million in CMBS financing across four loans for a portfolio of four multifamily properties totaling 1,111 units in Dallas. The portfolio consists of Avalon 8801, a 212-unit mid-rise that built in 1986 and renovated in the 2010s; 6500 South, a 536-unit mid-rise that was completed in 1985 and renovated in 2012; Casa Bella Apartments, a 176-unit high-rise that was delivered in 1974 and renovated in 2019; and Westwood Apartments, a 187-unit mid-rise that was constructed in 1969 and renovated in the 2010s. All four loans carry fixed interest rates and five-year terms with full-term, interest-only payments. Evan Hom led the transaction for Lument. The borrower was Texas-based owner-operator Sahara Equities.
IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Parc GSW, a 682,491-square-foot industrial property in Irving. Completed in 2017 by a partnership between Jackson-Shaw and Clarion Partners, Parc GSW consists of two buildings that total 450,340 and 232,151 square feet. Both buildings were fully leased at the time of sale to single tenants. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.