WHITE SETTLEMENT, TEXAS — Dalfen Industrial has acquired Tarrant Distribution Center, a 98,666-square-foot property located adjacent to the Lockheed Martin Aeronautics headquarters facility in White Settlement, a western suburb of Fort Worth. Dalfen’s acquisition of the Class A property, which was built in 2017 and fully occupied at the time of sale, marks its second purchase in the Fort Worth area in the last nine months. The seller and sales price were not disclosed.
FORT WORTH, TEXAS — A joint venture between Texas Orthopaedic Associates Fort Worth PLLC and Vaquero Ventures has purchased a 43,397-square-foot medical office building at 5900 Altamesa Blvd. in Fort Worth. Bill Behr and Jim Sager of Tranwestern represented the seller, USMD Hospital at Fort Worth LP, in the transaction. Texas Orthopaedic Associates will also occupy the building along with Texas Health Surgery Center Chisholm Trail.
TEXAS CITY, TEXAS — Marcus & Millichap has brokered the sale of Three Palms Retail Center, a 26,318-square-foot property in Texas City, located south of Houston. Gus Lagos, Alex Wolansky, Jacob Starr and Zuhare Rizvon of Marcus & Millichap represented the seller in the transaction. Riley Sharman, also with Marcus & Millichap, represented the buyer. Both parties were limited liability companies that requested anonymity.
MCKINNEY, TEXAS — Locally based retail brokerage firm STRIVE has arranged the sale of Shops on Custer, a 15,690-square-foot retail strip center located in the northern Dallas suburb of McKinney. Jason Vitorino of STRIVE represented the seller, a local developer, in the transaction. Hudson Lambert, also with STRIVE, represented the Texas-based buyer. The property was fully leased to seven tenants at the time of sale.
FRISCO, TEXAS — Locally based developer Stillwater Capital has received zoning approval from the city council of Frisco, a northern suburb of Dallas, for the development of The Link, a 240-acre mixed-use project near PGA of America’s new 600-acre headquarters campus. The PGA of America’s role is to oversee professional golf and promote interest in the game. The Link will feature Class A office, luxury residential, destination retail, boutique hospitality and entertainment uses. The name of the development stems from the pedestrian promenade that connects the site to the PGA’s campus through an expansive network of green spaces. According to multiple news outlets, including Community Impact Newspaper and Dallas Innovates, the project has a price tag of approximately $1 billion. “This project delivers on our promise to capitalize on the momentum generated by the PGA headquarters and Omni Resort,” says Frisco Mayor Jeff Cheney. “The Link will complement the energy of PGA Frisco by providing high-quality office spaces with unobstructed views of the golf course, a curated mix of entertainment and dining options, and large park spaces that will ensure a highly livable environment.” The PGA of America originally announced its relocation to Frisco from South Florida in late 2018. …
SAN ANTONIO — Indianapolis-based developer Scannell Properties has broken ground on Cornerstone Logistics Crossing, a 423,260-square-foot speculative industrial project located on a 28.8-acre site in northeast San Antonio. The property will consist of two buildings totaling 224,220 square feet and 199,040 square feet that will be divisible to 30,000 square feet. Building features will include 32-foot clear heights and ample trailer parking. CBRE has been tapped to lease the development, which is expected to be complete in the late third or early fourth quarter.
RICHARDSON, TEXAS — Transwestern Development Co. (TDC) will build a 300,000-square-foot office building at CityLine, a mixed-use development in the northeastern Dallas suburb of Richardson. The company is developing the six-story project, which will be branded The Exchange at CityLine in partnership with BC Station Partners, with Dallas-based BOKA Powell leading the design. Completion is slated for some time in 2022.
HOUSTON — Newmark has arranged the sale of a two-building, 115,000-square-foot office complex located at 6250 and 6260 Westpark Drive in Houston’s Galleria District. Built in 1973 and renovated in 2016, the complex offers amenities such as covered parking, multiple conference rooms and a deli. Spencer Hough and Connor Darling of Newmark, along with Jim Autenreith and Stephen Ghedi of Moody Rambin, represented the seller, Texas-based developer Presidium Group, in the transaction. The buyer was an entity doing business as Westpark @ 59 Office Plaza LLC.
HOUSTON — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Shores at Clear Lake, a 100-unit seniors housing community in Houston. Grace Management will take over the operations of the property, which is located on seven acres near Clear Lake and the NASA Johnson Space Center. The community offers assisted living and memory care services. The price and seller were not disclosed.
HOUSTON — Colliers International has negotiated the sale of a 64,846-square-foot industrial building located at 1314 Sam Houston Parkway in West Houston. Critical Rental Solutions occupies the single-tenant building, which was recently renovated and now features an upgraded roof, higher clear heights, heavier crane capacity and elevated power. Todd Moore of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.