AUSTIN, TEXAS — NAI Partners Austin has arranged a 65,415-square-foot industrial lease renewal for Picrow Streaming Inc. in southeast Austin. The property is situated at 3910 S. Industrial Blvd. Troy Martin of NAI Partners represented the tenant in the lease transaction. Leigh Ellis of Aquila Commercial represented the unnamed landlord. Picrow is a New York-based film production and development company that creates content such as commercial, digital media, movies and TV.
LEWISVILLE, TEXAS — Bright Realty has added three new office tenants to join the tenant roster at Offices at The Realm, a 251,000-square-foot office building in Lewisville. The new leases total 79,000 square feet and bring the property to 80 percent occupancy. Global Medical Response, a medical transport company that sent more than 1,500 employees to New York and New Jersey to aid in the COVID-19 pandemic, is leasing two full floors at Offices at the Realm. The company’s offices will consolidate existing regional offices in the metroplex and also feature a 24/7 disaster relief call center. Worthey Wiles, Jake Young and Dalton Stogner of Lincoln Property Co. (LPC) represented Bright Realty in the 60,000-square-foot lease transaction. Kevin Mechelke, John Ruskin, Greg Biggs and Jeremy McGown of JLL represented Global Medical Response. The other two leases include tax software firm CSC Corptax leasing 15,000 square feet and Texas VA Mortgage leasing 4,000 square feet. LPC represented Bright Realty in both lease deals. Cushman & Wakefield represented CSC Corptax and Swearingen Realty Group represented Texas VA Mortgage. Other tenants at Offices at The Realm include the recently opened Venture X coworking space and El Patio, a Tex-Mex restaurant that will open …
PLANO, TEXAS — Stream Realty Partners has arranged the sale of a 114,150-square-foot industrial building located at 2801 Summit Ave. in Plano. OPEX Corp., doing business as Generation Y LLC, purchased the property for an undisclosed price and is currently the property’s sole tenant. According to LoopNet Inc., the facility was built in 1990 and features office space and 24-foot clear heights. Jason Moser and Ridley Culp of Stream Realty represented the buyer in the transaction. Kacy Jones and John Hendricks of CBRE represented the seller, AdvoCare. The weight loss and sports supplement producer recently built another facility in Plano where it has set up operations.
NORTH RICHLAND HILLS, TEXAS — Younger Partners has brokered the sale of Richland Commons, an 85,000-square-foot, freestanding retail property in North Richland Hills that was formerly leased to Haverty’s Furniture. Situated along Loop 820, the vacant property sits on 4.3 acres at 8251 Bedford Euless Road, about 10 miles northeast of Fort Worth. Michael Ytem and Robert Grunnah of Younger Partners represented the undisclosed seller in the transaction. Debbie Mullins of Ready Real Estate represented the buyer, an undisclosed local investor.
EULESS, TEXAS — Marcus & Millichap has arranged the sale of Post Oak Shopping Center, a 20,620-square-foot retail center located at 13912 Trinity Blvd. in Euless. The property was built in 1968 and sits on 2.3 acres. Philip Levy of Marcus & Millichap’s Dallas office represented the seller, a private investment firm, in the transaction and procured the undisclosed private buyer.
HOUSTON — Poynter Commercial Properties Corp. has been appointed as the leasing agent for Energy Tower, a 14-story, 325,797-square-foot office building located at 11700 Katy Freeway in Houston’s Energy Corridor. Built in 1999, the property features a freestanding fitness center, 200-person conference facility, a new Peppercini’s restaurant, indoor and outdoor dining and an outdoor putting green. Kevin Poynter, principal of Poynter Commercial, was part of the original ownership that developed Energy Tower. Atlas Energy Tower LLC, an entity associated with Dallas-based ATCAP Partners LLC, owns Energy Tower and appointed Poynter Commercial. The firm also hired Cedar Ridge Services to manage the office tower.
HALTOM CITY, TEXAS — MAG Capital Partners LLC has acquired a 139,150-square-foot industrial portfolio in the Fort Worth suburb of Haltom City from San Francisco-based private equity firm P4G Capital. The eight-building portfolio, which was acquired in a sale-leaseback transaction, is leased to local aerospace firm Fore Aero. P4G Capital acquired Fore Aero and the real estate in 2017. Andy Rogers of Kelly Hart & Hallman and Mary Garnett of law firm Barnes & Thornburg represented MAG Capital Partners in the transaction. Bryan Huber of New York-based SAB Capital represented the seller. MAG Capital Partners is a Fort Worth-based development and investment firm formed in 2015 by Dax T.S. Mitchell and Andrew Gi.
AUSTIN, TEXAS — Regional lender Bank OZK has provided a $26.6 million construction loan for a 91,635-square-foot office project that will be located at 4713 E. Cesar Chavez St. in one of East Austin’s opportunity zones. The five-story, Class A building will include ground-floor retail space and a 269-space parking structure. De’On Collins, Chris McColpin, Jayme Nelson and Alastair Barnes of JLL placed the loan on behalf of the borrower, a partnership between HN Capital Partners and Austin-based Red Bluff Partners. The developer plans to construct a boutique hotel as part of the second phase.
AUSTIN, TEXAS — Regional lender Bank OZK has provided a $26.6 million construction loan for a 91,635-square-foot office project that will be located at 4713 E. Cesar Chavez St. in one of East Austin’s opportunity zones. The five-story, Class A building will include ground-floor retail space and a 269-space parking structure. Completion is scheduled for January 2022. De’On Collins, Chris McColpin, Jayme Nelson and Alastair Barnes of JLL placed the loan on behalf of the borrower, a partnership between HN Capital Partners and Austin-based Red Bluff Partners. The developer plans to construct a boutique hotel as part of the second phase.
HOUSTON — NorthMarq has arranged a loan of an undisclosed amount for the refinancing of an 18,000-square-foot office building located at 3322 Richmond Ave. in Houston’s Greenway Plaza submarket. Matthew Bronstein of NorthMarq arranged the funds through an undisclosed life insurance company on behalf of the borrower, M-K-L Properties.