HOUSTON — JLL has negotiated the sale of Westchase Commons, a three-building, 149,893-square-foot flex property in Houston. The 14-acre Westchase Commons was built in 2001 and was 77 percent leased at the time of sale. Kevin McConn and Trent Agnew of JLL represented the undisclosed seller and procured Houston-based Mission Cos. as the buyer. John Ream and Michael Johnson of JLL arranged acquisition financing through Woodforest National Bank.
FORT WORTH, TEXAS — Aerospace manufacturer Bell Textron Inc. (NYSE: TXT) has signed a 109,187-square-foot office lease at 4151 Amon Carter Blvd. in Fort Worth. The four-story building is part of the 40-acre former American Airlines campus that was purchased by Capital Commercial Investments (CCI) earlier this year. Duane Henley and Nathan Durham of Transwestern represented CCI in the lease negotiations. Todd Burnette and Matt Montague of JLL represented Bell Textron, which also recently opened a 140,000-square-foot manufacturing technology center in Fort Worth.
THE COLONY, TEXAS — Electric Gamebox, a British entertainment concept centered on interactive gaming, will open a 4,000-square-foot venue at Grandscape, the 433-acre mixed-use destination in the northern Dallas suburb of The Colony. The venue, which is expected to open this month, will be Electric Gamebox’s first in the United States. Nebraska Furniture Mart is leading the development of the retail components of Grandscape.
HOUSTON — JLL has negotiated the sale of 1111 Fannin, a 428,629-square-foot office building in downtown Houston. The 17-story building was fully leased to a single investment-grade tenant at the time of sale. According to the Houston Business Journal, that tenant is JP Morgan Chase. Amenities include a conference center, attached parking garage and access to Houston’s tunnel system, which features more than seven miles of underground climate-controlled walkways with retail and dining amenities. Dan Miller, Marty Hogan and Ethan Goldberg of JLL represented the undisclosed seller and procured the buyer, a partnership between Triten Real Estate Partners and Taconic Capital Advisors, in the transaction. The new ownership plans to redevelop the building and has tapped Chicago-based HPA Architecture to conceptualize the design.
SAN ANTONIO — Marcus & Millichap has brokered the sale of a 534-unit self-storage facility located at 13608 Galm Road in northwest San Antonio. Almost all of the units at the 66,338-square-foot facility feature climate-controlled space. Jon Danklefs of Marcus & Millichap represented the seller, a developer, in the transaction. The buyer, New York City-based Andover Properties LLC, will operate the facility under its trade name Storage King USA.
ELGIN, TEXAS — Houston-based self-storage developer The Jenkins Organization has broken ground on a 208-site RV resort in Elgin, about 25 miles northwest of Austin. Jenkins will operate the new park under the Great Escapes brand. Amenities will include a clubhouse with a kitchen, a resort-style pool, fitness center, outdoor grilling areas and a dog park. The opening of the facility, which will be Jenkins’ fourth Great Escapes location, is scheduled for winter 2021.
GRAPEVINE, TEXAS — Local automotive dealer Sewell BMW of Grapevine has signed a 252,400-square-foot industrial lease at 1717 W. Airfield Drive in the Fort Worth suburb of Grapevine. According to LoopNet Inc., the property was built in 1989 and totals approximately 500,000 square feet. Blake Kendrick, Jeremy Kelly and Sarah Ozanne with Stream Realty Partners represented the landlord, Clarion Partners, in the lease negotiations. Ben Sumner with Centurion Real Estate Partners represented the tenant.
GRAND PRAIRIE, TEXAS — Sign manufacturer Optimal Elite Management LLC has purchased a 63,483-square-foot office/warehouse building located in the central metroplex city of Grand Prairie. The two-story building is situated on 9.5 acres within Great Southwest Industrial Park and comprises 46,950 square feet of light manufacturing space and 16,533 square feet of office space. The seller, Breg Inc., will continue to occupy the site for the next six months through a sale-leaseback. Noah Dodge and Jason Finch of Bradford Commercial Real Estate Services represented Optimal Elite Management in the deal. Steve Koldyke, Brian Gilchrist and Chris Powers of CBRE represented the seller.
AUSTIN, TEXAS — An affiliate of San Francisco-based investment management firm The Axton Group has purchased the 492-room Renaissance Austin Hotel for $70 million. The hotel, which is part of the Marriott International family of brands and is located on the city’s north side, includes 88 suites and 77,600 square feet of meeting and event space. An affiliate of Walton Street Capital LLC provided an undisclosed amount of acquisition financing for the transaction. Eastdil Secured served as financial advisor. The seller was not disclosed. Axton Group plans to upgrade the meeting rooms and other common spaces.
NEW BRAUNFELS, TEXAS — Locally based grocer H-E-B will open a new, 122,222-square-foot store at 651 S. Walnut Ave. in the San Antonio suburb of New Braunfels. An existing 99,000-square-foot H-E-B store opened in that market in 1994. The project, construction of which is slated to begin early next year, has a price tag of $17.5 million. The opening is slated for the fourth quarter of 2021.