RICHARDSON, TEXAS — Benders Sports & Spirits will open a 4,086-square-foot restaurant at 300 N. Coit Road in the northeastern Dallas suburb of Richardson, its second in the metroplex. Andy Anderson of Restaurant Properties Group represented the tenant in the negotiations for the seven-year lease. Andrew Shaw of NAI Robert Lynn represented the landlord, Pipit Partners LP.
HOUSTON — Houston-based energy firm Max Midstream has acquired land and infrastructure in southeast Texas to develop a pipeline that will connect the Port of Calhoun to both the Eagle Ford and Permian Basin areas, a project that is valued at more than $1 billion. The project is also expected to create nearly 500 new direct jobs and another 600 construction-related jobs over the next 10 years. Max Midstream has entered into a public-private partnership with the Port of Calhoun, located roughly midway between the Ports of Galveston and Corpus Christi, in which Max Midstream will invest $360 million in the widening and deepening of the port’s channels. Exports will begin with completion of the first phase in late 2020. The second phase of the project is expected to be complete by 2023.
BIG SPRING, TEXAS — Marcus & Millichap has brokered the sale of AAA Mini Storage, a 365-unit self-storage facility in Big Spring, located outside of Midland in West Texas. The property is situated on 6.2 acres and spans 73,116 square feet. Sean Delaney, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a Chicago-based private investor, in the transaction. The buyer was a fund manager that owns self-storage properties in 12 states.
DALLAS — Colliers International has arranged the sale of Bonita Gardens, a 138-unit apartment community located at 3410 Fordham Road on the south side of Dallas. The garden-style community was built on 3.7 acres in 1976 and renovated in 2011. Units range in size from 661 to 762 square feet. Mark Allen and Courtland Charles of Colliers represented the undisclosed seller in the transaction. A Dallas-based buyer acquired the asset in an all-cash transaction.
LEWISVILLE, TEXAS — Chicago-based Walz Capital has acquired an 11,792-square-foot medical office building in the northern Dallas suburb of Lewisville. The property is located two blocks from Medical City Lewisville and was fully occupied at the time of sale. Walz Capital acquired the property in a sale-leaseback transaction. Robert Chavez of Alta Vista Realty represented the tenant and seller, North Texas OBGYN & Associates, in the deal.
DALLAS — WorkSuites, a provider of coworking and flexible office spaces, has debuted its new brand WorkTank with a 4,000-square-foot space at 6060 N. Central Expressway in North Dallas. The WorkTank brand will offer a more private and professional office-using experience, with spaces located on ground floors as opposed to upper floors of office buildings, as is the case with the traditional WorkSuites brand. The new space will offer coffee and snacks, printers and patio workstations.
FORT WORTH, TEXAS — Schluter-Systems, a German provider of tile products for the homebuilding industry, has opened a 500,000-square-foot distribution center at Alliance Northport 1 in Fort Worth. The facility was designed to house approximately 300 employees and offers proximity to Interstate 35, State Highway 114 and Fort Worth Alliance Airport. Tom Pearson and Chris Teesdale of Colliers International originally represented Schluter-Systems in its site selection and lease negotiations when the company committed to the 26,000-acre AllianceTexas development last fall.
DALLAS — BioLabs, a Cambridge, Mass.-based biotechnology firm, has signed a 37,000-square-foot life sciences lease at Pegasus Park, a new 23-acre mixed-use development in Dallas. BioLabs expects to take occupancy of the new facility, which will feature both lab and coworking office space, in 2021. The lab will be equipped with an array of scientific equipment and will offer additional services and amenities for tenants. Pegasus Park is a redevelopment of the former campus of jewelry retailer Zale Corp. in the city’s Design District. The developer is a partnership between J. Small Investments and Lyda Hill Philanthropies.
DALLAS — August Real Estate, a Dallas-based development firm founded by brothers and industry veterans Evan and Jordan August, has launched with two redevelopment projects in the city’s historic Deep Ellum neighborhood. The first project involves the restoration of The Continental Gin Building, which was built in 1888, into a modern office complex with the feel of a boutique hotel that will feature a 22,000-square-foot coworking space from local operator Common Desk. August is also renovating the building at 333 1st Ave., which was built in 1926 and most recently occupied by Nordstrom’s Trunk Club, to offer 36,000 square feet of office space. The projects are expected to be complete in the first and second quarters of 2021, respectively.
SAN ANTONIO — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Sungate Apartments, a 66-unit community in San Antonio. The property was built in 1972 and features one-bedroom units and amenities such as a pool and an outdoor grilling area. Chris Siemasko of TMG represented the locally based seller in the transaction, and Bryce Smith of TMG procured the buyer. Both parties requested anonymity.