AUSTIN, TEXAS — Houston-based investment firm Hunington Properties has purchased a 16,500-square-foot building in the Westbank area of Austin for its new office. Hunington has hired local architecture firm JDAI Studio to redesign and remodel the space. Evan Dyer and Gigi Gomel will oversee the firm’s new Austin office, which is located at 1715 S. Capital of Texas Highway. Hunington is an active developer in the state capital. The firm’s projects include Shops at Steiner Ranch, Shops at Shadowglen, Shops at Riverplace, Shops at Volente and Shops at Boulder.
SHERMAN, TEXAS — General contractor KWA Construction has completed Phase II of a student housing project for Austin College, a liberal arts school located in the North Texas city of Sherman. The second phase delivered 38 units within a 43,613-square-foot building. Phase I, which was completed in 2011, also consisted of 38 units within a 43,010-square-foot building. Dallas-based Architecture Demarest designed Phase II of the project, which will open in time for the resumption of fall classes on Tuesday, Aug. 25.
FORT WORTH, TEXAS — Studio Movie Grill will open a 12-screen theater on Friday, Aug. 28 at The Shops at Chisholm Trail Ranch, a 250,000-square-foot retail center by StreetLevel Investments in Fort Worth. The 40,000-square-foot venue will be the company’s first in Fort Worth and 14th in Texas. The theater will open at 50 percent of its designated capacity and will offer a variety of food and beverage options.
SPICEWOOD, TEXAS — Bellomy & Co. has brokered the sale of Spicewood Super Storage, a 235-unit self-storage facility located about 35 miles northwest of Austin. The property spans 89,260 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, Texas-based Envison2 Properties LLC, in the transaction. The duo also procured the buyer, Houston-based Spicewood Storage LLC.
GRAND PRAIRIE, TEXAS — NAI Robert Lynn has arranged the sale of a 65,000-square-foot warehouse located at 1205 E. Avenue H in Grand Prairie, roughly midway between Dallas and Fort Worth. Michael Stanzel of NAI Robert Lynn handled the transaction. The buyer and seller were not disclosed.
BURLESON, TEXAS — Developer Bright Realty has sold a 6,667-square-foot retail property located at 264 SE John Jones Drive in the Fort Worth suburb of Burleson. The strip retail center was built in 2018 and was fully leased at the time of sale to Chicken Salad Chick, HotWorx and Mint Dentistry. Nick Miller and Britton Lankford of Bright Realty represented the firm internally in the transaction. Jordan Wood with Coldwell Banker represented the 1031 exchange buyer.
HOUSTON — Gerald D. Hines, the founder and chairman of Houston-based Hines, passed away on Aug. 23 at the age of 95. Hines was born in Gary, Ind., in 1925 and founded Hines in 1957 with a firm belief in the power of design in attracting commercial tenants. Hines’ entrepreneurial instincts soon led him to start his own venture. His reputation grew with his first two high-profile projects: downtown Houston’s One Shell Plaza, the tallest building in Texas when completed in 1971 and still the world’s tallest lightweight concrete structure; and The Galleria, the landmark shopping center that catalyzed Houston’s Uptown district. The international development and investment firm has since completed more than 900 projects worldwide while growing its workforce to more than 4,800 employees. Today, Hines is active in 225 cities across 25 countries. Hines is survived by his wife, four children, 15 grandchildren and one great-grandchild. His son Jeffrey C. Hines, who has been running the firm as president, will assume the role of chairman and CEO.
FLOWER MOUND, TEXAS — Logistics firm BFS Services Inc. has signed a 126,100-square-foot industrial lease extension at Lakeside Trade Center in the Fort Worth metro of Flower Mound. According to LoopNet Inc., the property was built in 2003, renovated in 2005 and totals 462,200 square feet. Building features include 30-foot clear heights and 148-foot truck court depths. Jeremy Kelly and Sarah Ozanne of Stream Realty Partners represented the landlord, New York-based Clarion Partners, in the lease negotiations. Lee & Associates represented the tenant.
MCKINNEY, TEXAS — Marcus & Millichap has brokered the sale of McKinney Shopping Center, 15,127-square-foot retail center located north of Dallas. Tenants at the center include Mattress Firm, Charles Schwab and Thai Noodle Wave. Philip Levy of Marcus & Millichap represented the seller and buyer, both of which were private investors that requested anonymity.
HOUSTON — NAI Partners has negotiated a 6,500-square-foot office lease at 15915 Katy Freeway in West Houston for software developer Resource Data Inc. Griff Bandy and Joe Bright of NAI Partners represented the tenant in the lease negotiations. Michael Sieger, Lesley Rice and Andy Parrish, also with NAI Partners, represented the landlord, Dornin Investments.