BENBROOK, TEXAS — TeaBevCo, the exclusive distributor of the Texas Tea and HTeaO beverage brands, has signed a 76,839-square-foot industrial lease in Benbrook, located southwest of Fort Worth. The space is located within Building 1 of Chisholm 20, a four-building, 917,374-square-foot development. Steve Koldyke, Kacy Jones and Brian Gilcrest of CBRE represented the landlord, locally based developer Jackson-Shaw, in the lease negotiations. Todd Hawpe of Transwestern represented the tenant, which is relocating from North Fort Worth.
BELTON, TEXAS — Dallas-based Carbon Shepherd Development has completed a 66-unit multifamily project in Belton, located just outside Temple in Central Texas. The property, which is operated under the company’s Woodland Cottages brand, offers one- and two-bedroom units, with private balconies/patios and attached garages available in select residences. Amenities include a pool, fitness center, clubhouse with a game room and other recreational spaces. Rents start at $2,600 per month for a one-bedroom unit.
HOUSTON — Moelis & Co. will open a 30,400-square-foot office in downtown Houston. The space is located on the 22nd floor of the 47-story Texas Tower building, and the global investment bank plans to take occupancy in the fourth quarter of next year. David Guion and Chris Oliver of Cushman & Wakefield represented the tenant in the lease negotiations. Michael Anderson, also with Cushman & Wakefield, represented the landlord, a partnership between Hines, Ivanhoé Cambridge and an affiliate of global investor CDPQ.
AUSTIN, TEXAS — Brandywine Realty Trust (NYSE: BDN), a Philadelphia-based REIT, has sold One & Two Barton Skyway, a pair of office buildings totaling 386,000 square feet in southwest Austin, for $107.6 million. The buildings are located at 1501 and 1601 S. MoPac Expressway within Barton Skyway, an office park that consists of four buildings on a 35-acre site. The City of Austin purchased the properties with plans to utilize them as a consolidated public safety headquarters. Brandywine retains ownership of Four Barton Skyway, which is currently 94 percent leased.
NEW YORK CITY — Investcorp has purchased three student housing properties totaling 1,962 beds in Central Texas and Oklahoma. The unnamed assets include a 792-bed community that serves students at Texas A&M University in College Station; a 486-bed complex for students at Texas State University in San Marcos; and a 684-bed property that houses students at the University of Oklahoma in Norman. Investcorp acquired the properties, all of which were nearly fully occupied at the time of sale, as part of a portfolio deal that included a 699-bed community for students at the University of Kentucky in Lexington. The seller and sales price were not disclosed.
FARMERS BRANCH, TEXAS — United Fine Arts Services has signed a 63,858-square-foot industrial lease in the northern Dallas metro of Farmers Branch. According to LoopNet Inc., the building at 4335 N. Beltwood Parkway was originally built in 1976 and renovated in 1981. Sarah Ozanne and Mac Hall of Stream Realty Partners represented the landlord, Boston-based Longpoint, in the lease negotiations. Rich Young of Rich Young Co. represented the tenant.
FULSHEAR, TEXAS — JLL has negotiated the sale of Shops at Cross Creek, a 24,188-square-foot retail center in Fulshear, a western suburb of Houston. The center was built in 2015 and was fully leased at the time of sale to tenants such as Yen Fulshear, Rightway Dental, Marvelous Clinic, Firehouse Subs and Avis Budget Car. Ryan West, John Indelli and Gianna New of JLL represented the seller, Rycore Capital, in the transaction. The buyer was Cincinnati-based retail REIT Phillips Edison & Co.
LEWISVILLE, TEXAS — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center in the northern Dallas suburb of Lewisville. Built on 2.4 acres in 2007, the center comprises two buildings that are home to tenants such as Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen & Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the undisclosed seller in the 1031 exchange transaction.
SAN ANTONIO — San Antonio International Airport (SAT) has broken ground on a new $1.2 billion terminal. The project will feature up to 17 gates, more than 800,000 square feet of new terminal space, 35,700 square feet of concessions and 29,000 square feet of club lounges. SAT says the groundbreaking represents a significant step in its commitment to meeting the increasing demands of global air travel. Featuring a modern, accessible design, enhanced passenger amenities and the latest technology, the terminal “will expand SAT’s capacity and deliver an elevated travel experience for millions.” The construction of the new terminal is part of the airport’s Terminal Development Program (TDP), which will guide future development of the airfield, terminal facilities, ground access and support infrastructure over the next 20 years. TDP is the cornerstone of Elevate/SAT, a $2.5 billion expansion and capital improvements plan to enhance SAT, the customer experience and the San Antonio region. Elevate/SAT is the largest capital improvement plan that the City of San Antonio has undertaken, according to a release. Over its lifespan, the economic impact of TDP is estimated to be $2.8 billion and is anticipated to generate more than 16,000 new jobs. TDP is the result of …
HOUSTON — JLL has brokered the sale of Energy Crossing II, a 327,404-square-foot office building located in the Energy Corridor area of West Houston. The building was constructed on a 5.5-acre site in 2014 and includes a fitness center. Kevin McConn and Rick Goings of JLL represented the undisclosed seller in the transaction and procured the buyer, Austin-based Capital Commercial Investments. Energy Crossing II was 30 percent occupied at the time of sale.