Texas

Tema Development Begins Renovation of 35-Story Residential Tower in Houston

by Taylor Williams June 1, 2020

HOUSTON — Locally based firm Tema Development has begun renovating The Parklane, a 35-story residential tower located at 1701 Hermann Drive, just south of downtown Houston. Upon completion, the project will feature 195 residences that may be purchased or rented. Mirador Group is the architect, interior designer and landscape designer for the project. Construction of a new fitness center, amenity deck and lobby will begin in the fourth quarter, and completion of the entire project is slated for December 2021.

June 1, 2020

Acquisitions Multifamily Texas

Wynmor Management Acquires Tulsa Apartment Community

by Taylor Williams June 1, 2020

TULSA, OKLA. — New York-based private equity firm Wynmor Management has acquired London Square Apartments, a 173-unit multifamily community in Tulsa. The property was built in 1967 and spans approximately 150,000 square feet. Michael Sullivan of Berkadia represented the seller, a partnership between two California-based firms, National Holdings LLC and London Square-MBD LLC, in the transaction. The new ownership will implement a value-add program. Wynmor partnered with MD2 Property Group, a New York City-based property management firm to acquire and manage the property. Arbor Realty Trust provided acquisition financing.

June 1, 2020

Industrial Leasing Activity Texas

QFC Industries Signs 26,250 SF Industrial Lease in Arlington

by Taylor Williams June 1, 2020

ARLINGTON, TEXAS — QFC Industries, a Texas-based hardware supplier, has signed a 26,250-square-foot industrial lease at Forum 303 Crossing in Arlington. The company will occupy space at Building A, which spans 172,632 square feet, according to LoopNet Inc. Michael Stanzel of NAI Robert Lynn represented the tenant in the lease negotiations. Steve Koldyke of CBRE represented the undisclosed landlord.

June 1, 2020

Industrial Leasing Activity Texas

Stream Realty Negotiates 18,898 SF Industrial Lease in Irving for E-Commerce Firm

by Taylor Williams June 1, 2020

IRVING, TEXAS — Stream Realty Partners has negotiated an 18,898-square-foot industrial lease at Jetstar Service Center, a 98,000-square-foot building located at 8181 Jetstar Drive in Irving. Ryan Boozer and Mac Hall of Stream Realty Partners represented the tenant, e-commerce firm Fulfillment by Eagle LLC, in the lease negotiations. Transwestern represented the landlord, Denver Third Creek LLC.

June 1, 2020

Acquisitions Industrial Texas

NAI Partners Arranges Sale of 10,656 SF Industrial Building in Houston

by Taylor Williams June 1, 2020

HOUSTON — NAI Partners has arranged the sale of a 10,656-square-foot industrial building located at 6921 Homestead Road in Houston. Zane Carman and Clay Pritchett of NAI Partners represented the buyer, TNT Equipment Co., an Ohio-based provider of scaffolding and construction rental equipment, in the transaction. Zack Taylor and Lawton Anderson of Moody Rambin represented the undisclosed seller.

June 1, 2020

Acquisitions Industrial Texas

CIM Group Acquires 1.1 MSF Junction 20/35 Logistics Center in Fort Worth

by Taylor Williams May 29, 2020

FORT WORTH, TEXAS — Los Angeles-based CIM Group has acquired Junction 20/35, a 1.1 million-square-foot logistics center located at 7550 Oak Grove Road in south Fort Worth The property was built in 1989 and has been renovated several times over the years, most recently in 2018 to include freezer and cold storage space. The sale also included an adjacent 14.4-acre parcel. The seller was not disclosed.

May 29, 2020

Development Multifamily Seniors Housing Texas

Civitas Completes Grandview of Chisholm Trail Seniors Housing Project in Fort Worth

by Taylor Williams May 29, 2020

FORT WORTH, TEXAS — Civitas Senior Living has completed construction of The Grandview of Chisholm Trail, a seniors housing community in southwest Fort Worth that features 66 assisted living units and 21 memory care residences. Partners on the project include co-developer Journey Capital, management company Civitas Senior Living, Arrive Architects, Ridgemont Commercial Construction and interior design firm Senior By Design.

May 29, 2020

Acquisitions Multifamily Texas

180 Multifamily Buys 267-Unit Apartment Community in Metro Dallas

by Taylor Williams May 29, 2020

DALLAS — Locally based investment firm 180 Multifamily Properties has purchased an undisclosed, 267-unit apartment community located in the central region of the Dallas-Fort Worth metroplex. The property was built in 1983 on 9.3 acres and spans 206,000 net rentable square feet. An undisclosed, California-based firm sold the property. The new ownership will implement a value-add program and rebrand the community.

May 29, 2020

Industrial Leasing Activity Texas

Image Micro Spare Parts Signs 42,415 SF Industrial Lease in Carrollton, Texas

by Taylor Williams May 29, 2020

CARROLLTON, TEXAS — Image Micro Spare Parts, a California-based provider of computer and printer parts, has signed a 42,415-square-foot industrial lease at Luna Distribution Center in the northern Dallas suburb of Carrollton. The property was built in 1998 and spans approximately 250,000 square feet. Eric Crutchfield and Mac Hall of Stream Realty Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

May 29, 2020

Acquisitions Industrial Texas

NAI Partners Brokers Sale of 25,146 SF Industrial Property in Southeast Houston

by Taylor Williams May 29, 2020

HOUSTON — NAI Partners has brokered the sale of a 25,146-square-foot industrial property located at 7311 Galveston Road in southeast Houston. According to LoopNet Inc., the single-tenant, freestanding property was built in 1980. Clay Pritchett and Zane Carman of NAI Partners represented the buyer, Latitude 17 Holdings LLC, in the transaction. Hache Annamuhammedov and Andy Yaltir of Vita Realty represented the seller, Yilteks Warehouse LLC.

May 29, 2020

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