DALLAS — Prism Health North Texas, which supports patients living with HIV/AIDS, has signed a 12,835-square-foot healthcare lease at 4004 Worth St. in Dallas. The space is located on the Baylor Scott & White campus in the downtown area. Eliza Solender of Solender/Hall represented the tenant in the lease negotiations. Chris Lipscomb, Laney Underwood and Brooke Sutherland of Transwestern represented the landlord, Healthcare Realty Trust Inc.
WACO, TEXAS — Amazon (NASDAQ: AMZN) will open a 700,000-square-foot fulfillment center in Waco, the Seattle-based e-commerce giant’s first in the Central Texas city. The facility is expected to come on line in 2021 and to bring about 1,000 new full-time jobs to the market. Local CBS affiliate KWTX reports that the facility will be situated on a 90-acre site at 2000 Exchange Parkway near Baylor Scott & White Hillcrest Medical Center on the city’s south side. Over the last decade, Amazon has made approximately $17 billion in capital investment in Texas, resulting in the creation of some 43,000 new jobs.
MIDLOTHIAN, TEXAS — Sunrider International, a California-based provider of food, health, beauty and household products, will open a 71-acre manufacturing and research and development facility in the southern Dallas suburb of Midlothian. Construction of the facility is underway, and the company will begin relocating employees of its California manufacturing operation to the new plant in 2021. The Dallas Morning News reports that Sunrider recently filed permits to develop a 340,000-square-foot building on the site, as well as to eventually build a facility spanning 1 million square feet or more. The newspaper also reports that the City of Midlothian and Ellis County offered Sunrider more than a 50 percent property and business tax abatement if the company ultimately expands its footprint to 600,000 square feet and hires more than 200 employees. Chicago-based merchant bank Conlon & Co. owns the site.
HOUSTON — Ti Cold Development, which specializes in cold storage properties, will build a 303,920-square-foot facility within East Hardy Commerce Park in Houston. The site offers proximity to Interstate 45, Beltway 8 and George Bush Intercontinental Airport. The facility will feature more than 42,000 pallet positions and will be marketed to both multi-tenant and build-to-suit users. A construction schedule was not disclosed.
PLANO, TEXAS — Colliers International has brokered the sale of Preston Park, a 198,788-square-foot office complex in Plano. The two-building, 12-acre complex was built in 1997 and recently renovated to upgrade lobbies, common areas, tenant lounges and conference centers. California-based Libitzky Property Cos. and Dallas-based Sunwest Real Estate Group sold the property to Florida-based TerraCap Management for an undisclosed price. Creighton Stark and Chris Boyd of Colliers brokered the deal. Both buildings were approximately 90 percent leased at the time of sale.
AUSTIN, TEXAS — NAI Partners has negotiated the sale of Davenport 360, a 37,500-square-foot office building located at 6001 Bold Ruler Way in Austin. Todd Mahler of NAI Partners represented the buyer, Pharmacists Mutual Insurance Group, in the transaction. Cushman & Wakefield represented the undisclosed seller. The sale is one of the top five largest by transaction value completed in 2020 in the Austin office market, according to the sales team.
HUMBLE, TEXAS — Dallas-based developer The GenCap Group has begun leasing The Sarah at Lake Houston, a 350-unit apartment community located in the northern Houston suburb of Humble. The property offers one-, two- and three-bedroom units with granite countertops, nickel hardware fixtures, stainless steel appliances and smart-entry locks. Amenities include a pool, fitness center, beer garden and a dog park, as well as private lake access. Greystar manages the property, which will officially open its doors later this month.
AUSTIN, TEXAS — Newmark has brokered the sale of The Aspect by Cortland, a 308-unit apartment community located in the East Riverside district of Austin. According to Apartments.com, the property was built in 2001 and renovated in 2017 and features one-, two- and three-bedroom units. Amenities include a pool, fitness center, business center and a resident clubhouse. Patton Jones of Newmark, which recently rebranded from Newmark Knight Frank, represented the seller, Atlanta-based Cortland, in the transaction. Dallas-based private equity firm CAF Capital Partners acquired the asset for an undisclosed price.
JACKSONVILLE, TEXAS — New York-based A&G Real Estate Partners has negotiated the court-approved bankruptcy sale of a 435,196-square-foot distribution center in Jacksonville, about 120 miles southeast of Dallas, that was formerly occupied by Houston-based retailer Stage Stores. The property is situated on a 42.5-acre site that includes land for additional expansion. Bradenton-Fla.-based Bealls Inc. acquired the fee interest for the property with a winning bid of $7 million. The sale included the facility’s machinery and equipment, as well as the company’s intellectual property. At the time of its Chapter 11 bankruptcy filing in May, Stage Stores operated 738 department stores and off-price stores under multiple brands such as Palais Royal, Peebles and Goody’s.
CARROLLTON, TEXAS — A local, Korean family-based developer has completed K Towne Plaza Shopping Center, a 109,000-square-foot retail property located at 4060 State Highway in the northern Dallas suburb of Carrollton. Korean grocer Galleria Mart anchors the property, which features an additional 65 retail spaces. A grand opening will be held Saturday, Oct. 24 and will include kiosks offering Korean food and wares. Gaines Real Estate Co. manages the property. The developer requested anonymity.