HOUSTON — David Weekley Homes has purchased a 50,000-square-foot office building located at 8847 W. Sam Houston Parkway in northwest Houston. The locally based residential homebuilder plans to relocate from its current space at 1111 N. Post Oak Road to the new building, which according to LoopNet Inc. was constructed in 2011, before the end of the year. The seller and sales price were not disclosed.
HOUSTON — Agile Supply Chain has signed a 32,350-square-foot industrial lease in northwest Houston. The space is located at 7207 Wynnwood Lane in the Shady Acres neighborhood. Abraham Richardson and Grant Wisenbaker of Stream Realty represented the tenant in the lease negotiations. J.D. Diekman, Jon Michael and Ed Bane of Bridge Commercial represented the landlord.
HOUSTON — Investment & Development Ventures (IDV) has broken ground on Patriot Business Park, a 462,000-square-foot industrial project in North Houston. The site is located along Veterans Memorial Drive, and the development will comprise three front-load buildings with dock-high and drive-in ramps, as well as ESFR sprinkler systems. Completion is slated for the third quarter. Stream Realty Partners has been appointed as the leasing agent.
RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit apartment community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.
LONGVIEW, TEXAS — Dallas-based Younger Partners Investments has acquired Longview Towne Crossing, a 150,775-square-foot shopping center located about 120 miles east of Dallas. PetSmart, Five Below and Old Navy anchor the center, which was built in 2008 and was 95.6 percent leased at the time of sale. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant. Development firm Weber & Co. was the seller.
HOUSTON — JLL has brokered the sale of Ten Plaza West, a 105,493-square-foot office building in West Houston. The six-story, recently renovated building was 76 percent leased at the time of sale to tenants in industries such as oil and gas, construction, financial services and law. Marty Hogan led the JLL team that represented the seller, Los Angeles-based Parkview Financial, in the transaction. The buyer was an undisclosed private investor.
HOUSTON — Stream Realty Partners has negotiated a 45,185-square-foot industrial lease expansion in North Houston. According to LoopNet Inc., the office building at 845 Greens Parkway was built in 2002 and totals 63,917 square feet. William Carpenter, Jeremy Lumbreras and Sherwood Hillyer of Stream represented the landlord, Prologis, in the lease negotiations. Justin Clark of Clark Gaines Properties represented the tenant, industrial chemicals provider Riteks Inc.
HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has purchased Dixie Farm Business Park, a 196,000-square-foot industrial flex property in southeast Houston. The property comprises eight buildings at the northeast corner of I-45 and Dixie Farm Road. Veritex Community Bank provided acquisition financing for the deal. The seller and sales price were not disclosed. Dixie Farm Business Park was 96 percent leased at the time of sale. The new ownership plans to implement a value-add program.
IRVING, TEXAS — Locally based investment sales brokerage firm STRIVE has arranged the sale of Plaza One61, a 195,172-square-foot office complex in Irving. According to LoopNet Inc., the four-story building was originally constructed in 1999. Parker Tims and Jennifer Pierson of STRIVE represented the seller, an Oklahoma-based investor, in the all-cash transaction and procured the locally based buyer. Both parties requested anonymity. Plaza One61 was 74 percent leased at the time of sale.
MCKINNEY, TEXAS — Dallas-based Younger Partners Investments has acquired 380 Towne Crossing, a 137,287-square-foot shopping center in McKinney. The center, which was 98 percent leased at the time of sale, was built in 2007 at the northwest corner of US Highway 75 and State Highway 380. Tenants include FedEx Office, Buffalo Wild Wings, Leslie’s Pool Supplies, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Mattress Firm. Development firm Weber & Co. was the seller.