HOUSTON — Polygon Physical Therapy has signed a 2,087-square-foot retail lease in West Houston. The space at 12303 Westheimer Road is located within Shadowbriar Shopping Center and represents the provider’s fifth location in the Houston area. Ashley Casterlin of Davis Commercial represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
IRVING, TEXAS — Locally based developer KDC has topped out the 850,000-square-foot office campus in Irving’s Las Colinas district that will serve as the new regional headquarters for Wells Fargo. The campus will consist of two 10-story, 400,000-square-foot buildings and a connecting parking garage, as well as various open green spaces, all on a 22-acre site. The San Francisco-based bank is consolidating its regional real estate footprint and expects to employ about 3,000 people at the campus, inclusive of the hiring of 650 new staffers. Completion is slated for late 2025. Project partners include architect Corgan, civil and landscape engineer Kimley-Horn and general contractor Austin Commercial.
IRVING, TEXAS — Newmark has arranged an undisclosed amount of construction debt for TriStar Business Park, a 173,680-square-foot industrial project in Irving. The development will comprise two buildings with 32-foot clear heights, 100-plus trailer parking stalls, eight-plus dock-high doors, 130- to 140.5-foot truck court depths and ESFR sprinkler systems. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and William Hairston of Newmark arranged the debt through an undisclosed regional bank on behalf of the developer, a joint venture between Hopewell Development and MBK Industrial Properties. Newmark also structured the joint venture between the two companies last fall. Colliers is the leasing agent for TriStar Business Park.
ALLEN, TEXAS — Gillett Commercial, a developer with offices in Texas and California, is nearing completion of a 71,920-square-foot industrial flex project in the northeastern Dallas suburb of Allen. Allen Exchange consists of three buildings that were developed on a speculative basis, the largest of which spans 50,864 square feet, sits on 3.6 acres and includes office and showroom space. The other two buildings total 10,500 square feet. Raymond Construction is the general contractor for the project, which is slated for an April delivery. Citadel Partners is marketing the development for sale and/or lease.
PLEASANTON, TEXAS — Avensis Energy has signed an 18,000-square-foot industrial lease in Pleasanton, about 40 miles south of San Antonio. According to LoopNet Inc., the building at 206 Oil Road was built on 4.9 acres in 2014 and totals 27,000 square feet. Carlos Marquez and Brian Heines of Partner Real Estate represented the landlord, Four Seasons Business Park II Ltd., in the lease negotiations. Sonit Seth with The Seth Brothers Team represented the tenant.
CLEVELAND, TEXAS — Locally based brokerage firm Oxford Partners has negotiated the sale of a 16,000-square-foot industrial building located at 2024 County Road 388 in Cleveland, about 45 miles northeast of Houston. Matt Rogers of Oxford Partners represented the seller, BE Plastics Inc. in the transaction. Tim Larson of KW Commercial represented the undisclosed buyer.
DALLAS — General contractor Michael Walker Construction has completed the multimillion-dollar renovation of 2515 McKinney Avenue, an 18-story, 178,970-square-foot office building in Uptown Dallas. The project delivered a full facelift of the lobby and added new tenant amenities, including a fitness center, conference center, outdoor patio areas and expanded food-and-beverage options. Entos Design served as the project architect. Stream Realty Partners leases the building, which is owned by institutional investors advised by J.P. Morgan Global Alternatives.
TEXAS — Sherman & Roylance has arranged the sale of a 104-bed skilled nursing facility in Texas. A physician owner sold the asset to a California-based buyer for $8.1 million. The facility was built in 2018 and features 94 Medicare and 10 Medicaid beds. The name of the property, buyer and seller were not disclosed. Sherman & Roylance also arranged acquisition financing for the deal.
CLEBURNE, TEXAS — Marcus & Millichap has brokered the sale of Hidden Oaks Mobile Home Park, a 40-site manufactured housing property in Cleburne, a southern suburb of Fort Worth. Skyler Henderson, Brad Dorsey, Edgar Martinez and Blake Eisenberg of Marcus & Millichap brokered the deal. The names of the seller and Texas-based buyer were not disclosed.
BRENHAM, TEXAS — Locally based brokerage firm Cypressbrook Co. has negotiated a 12,000-square-foot industrial lease at 3265 U.S. Highway 290 in Brenham, about 75 miles northwest of Houston. George Montes of Cypressbrook represented the tenant, construction equipment dealer Berry Cos., in the lease negotiations. Lindi Braddock of Coldwell Banker Properties Unlimited represented the undisclosed landlord.