PROSPER, TEXAS — Marcus & Millichap has arranged the sale of North Preston Village, a 14,240-square-foot retail strip center in Prosper, about 35 miles north of Dallas. The property was built on two acres in 2018 and houses tenants such as Orangetheory Fitness and restaurant The Brass Tap. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a partnership, in the transaction. The buyer was a locally based 1031 exchange investor.
HOUSTON — Occidental Petroleum has extended its 972,145-square-foot office lease at Greenway Plaza in Houston, a deal that will keep the Houston-based energy giant at the 52-acre campus through 2031. Rima Soroka and Eric Siegrist represented the landlord, Parkway, in the lease negotiations on an internal basis. The representative of Occidental, which has occupied space at Greenway Plaza since 2017, was not disclosed. The company also added about 92,000 square feet of space to its footprint earlier this year.
FARMERS BRANCH, TEXAS — Locally based developer Centurion American is underway on construction of Three Hickory Centre, a 103,000-square-foot office project that will be located within the 290-acre Mercer Crossing mixed-use development in Farmers Branch. The building will be situated on five acres, and the site offers direct access to Interstates 635 and 35, as well as the George Bush Turnpike. Completion is slated for December. Younger Partners is handling leasing of the property.
SAN ANTONIO — A partnership between Denver-based investment firm Steele Properties and the San Antonio Housing Trust has acquired Pan American Apartments, a 100-unit affordable housing complex on the city’s west side. Built on 9.5 acres in 1968, the property offers one-, two- and three-bedroom units and an onsite daycare center, playground and laundry room. The new ownership will invest approximately $73,000 per unit in a capital improvements program that will include upgraded roofs, utility systems, parking lots and security measures, as well as new amenity spaces. Units will receive upgraded appliances, countertops, bathrooms and flooring. KeyBank Real Estate Capital provided construction and permanent financing for the acquisition and renovation. The seller was not disclosed.
EL PASO, TEXAS — Global insurance brokerage firm HUB International has leased 13,000 square feet at WestStar Tower, a 20-story, Class A office building under construction in downtown El Paso. Other tenants committed to the project include Corralito restaurant as well as WestStar Bank and Hunt Cos. Will Brown and Adin Brown with Sonny Brown Associates are leading the leasing effort for office and retail users, as well as sales efforts for the project’s office condominiums. HUB has more than 475 offices worldwide employing 12,000 people.
MELISSA, TEXAS — General contractor Talley Riggins Construction Group has broken ground on Melissa United Methodist Church, a 7,630-square-foot civic project that will be located about 45 miles northeast of Dallas. The church will feature an open worship space that can house up to 329 people and a nursery. Shanks Architects designed the project, which will be situated on 5.5 acres and is expected to be complete in January 2021.
RICHMOND, TEXAS — Dallas-based Trammell Crow Co. has broken ground on an 850,000-square-foot fulfillment center for Amazon in Richmond, a southwestern suburb of Houston, a project that is expected to bring about 1,000 new jobs to the region. The property will be situated on 93.5 acres at 10507 Harlem Road and is expected to open in 2021. Ware Malcomb is designing the project, and Graycor Construction Co. is the general contractor. Other project partners include engineering firms HAS & Associates, Langan Engineering, Jordon & Skala Engineers and Harrington Group Inc. Tony Patronella and Jeanie Gibbs of locally based firm Read King represented the seller of the land. Stephen Schneidau of Cushman & Wakefield and Matt O’Brian of KBC Advisors represented the buyer.
TAYLOR, TEXAS — Bellomy & Co. has brokered the sale of Taylor Hutto Self Storage, a 501-unit facility located in the Central Texas city of Taylor. The property features climate- and non-climate-controlled units, as well as covered boat and RV parking space. The facility spans 60,605 square feet of net rentable space and was 86 percent leased at the time of sale. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, an unnamed company based in Plainfield, Ill., in the sale. The buyer was not disclosed.
FORT WORTH, TEXAS — Amcor Rigid Plastics USA Inc., a producer of plastic products for the food and healthcare industries, has renewed its 269,388-square-foot lease in Fort Worth. The landlord, ML Realty Partners, signed Amcor to the extension at 4100 Fleetwood Road on the city’s northeast side near DFW International Airport. According to LoopNet Inc., the facility sits on 16 acres. David Stechly and Greg Kloiber of Campio represented the tenant in the lease transaction.
DALLAS — Curtis Specialized Moving & Storage has renewed and expanded its industrial lease in Dallas’ South Stemmons submarket. The locally based company renewed its 43,200-square-foot lease at 460 W. Mockingbird Lane and leased an additional 40,500 square feet of neighboring space at Mockingbird Place. Brock Wilson and Joe Santaularia of Bradford Commercial Real Estate Services represented the landlord, a private equity firm based in New York, in the lease negotiations. David Easterling of CBRE represented the tenant.