FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 200,000-square-foot industrial lease renewal at 6401 Oak Grove Road in Fort Worth. Matt Carthey and Thomas Grafton of Holt Lunsford represented the landlord, TA Realty. Reid Bassinger of Lee & Associates represented the tenant, consumer goods distributor Core-Mark Midcontinent.
PLANO, TEXAS — California-based private equity real estate firm KBS has sold Parkwood Place, a 98,750-square-foot office building located in the Legacy area of Plano, a northeastern suburb of Dallas. The two-story, Class A building, which offers a tenant lounge and a conference facility, was approximately 91 percent leased at the time of sale. Robert Hill, Gary Carr and John Alvarado of CBRE represented KBS in the sale. The buyer was not disclosed.
HOUSTON — NAI Partners has arranged two industrial leases totaling 54,480 square feet at Round Up Distribution Center in Houston. In the first transaction, U.S. Tsubaki Power Transmission, a provider of roller chains and sprockets, leased 26,400 square feet. In the second deal, LaForce Inc., a distributor of commercial doors, leased 28,080 square feet. Ryan Searle, Nick Peterson and John Ferruzzo of NAI Partners represented the landlord, Liberty Property Trust, in both lease negotiations.
FORT WORTH, TEXAS — On behalf of one of its separately managed accounts, Transwestern Investment Group (TIG) has acquired a 1.2 million-square-foot industrial complex in Fort Worth from DHL Supply Chain, a German logistics company. Built in 2018, the property features two cross-dock buildings totaling 705,955 square feet and 494,041 square feet, with 36-foot clear heights and access to Interstate 35 and State Highway 114. Dustin Volz of JLL represented the seller in the transaction. CBRE is providing leasing services. The sales price was not disclosed.
AUSTIN, TEXAS — Hillwood has acquired Southpark Commerce Center V, an industrial property in Austin that totals 350,171 square feet across three buildings. Southpark Commerce Center V is located near Interstate 35 and State Highway 71, and within four miles of downtown Austin and Austin-Bergstrom International Airport. Buildings feature rear-load designs, 24- to 28-foot clear heights and ESFR sprinkler systems. The property was 50 percent leased at the time of sale. Trent Agnew, Adam Herrin, John Taylor, Stephen Bailey and Dom Espinosa of HFF represented TDC in the sale.
HOUSTON — CBRE has negotiated a 126,000-square-foot office lease renewal at 717 Texas, a 697,195-square-foot property in downtown Houston, on behalf of Calpine, a provider of natural gas and geothermal resources. Calpine has been an anchor tenant at the 33-story building, which is owned and developed by Hines, since 2003. Lucian Bukowski of CBRE represented Calpine in the lease negotiations. Win Haggard of Colvill Office Properties represented Hines.
SAN ANTONIO — HFF has arranged an undisclosed amount of financing for the acquisition of Legacy Heights, a 306-unit multifamily community in San Antonio. Built on 13.6 acres in 2009, the property offers one-, two- and three-bedroom units ranging in size from 610 to 1,400 square feet. Amenities include a pool, fitness center, clubhouse with a game room and outdoor grilling areas. Robert Wooten of HFF arranged the funds through Annaly Commercial Real Estate Group on behalf of the borrower, Regional Investment & Management. The asset was 95 percent occupied at the time of sale.
AUSTIN, TEXAS — Thor Equities Group has purchased 1005 East St. Elmo Road, a 60,000-square-foot office campus in Austin, for $16 million. The property was built in 2017 and fully leased at the time of sale to tenants such as Skull Mechanix and Fuse Architecture Studio. The seller was not disclosed.
FORT WORTH, TEXAS — Hillwood will develop three buildings totaling approximately 1.5 million square feet on its AllianceTexas campus in Fort Worth. Two buildings (Buildings 4 and 5) will be developed on the Alliance Northport campus and one will be developed on the Alliance Westport campus. Hillwood expects to break ground on the new buildings, which are being developed on a speculative basis, in March and to complete them during the fourth quarter. RGA Architects designed the Northport buildings and GDA Architects designed the Westport building. Inwood Bank and Simmons Bank provided construction financing for Buildings 4 and 5, respectively, at Northport, while Bank of America originated construction financing for the Westport property.
DALLAS — Developers Westdale and KDC have announced the first tenants to join The Epic office tower, a 251,000-square-foot property in Dallas. The Epic is an eight-acre mixed-use development situated at the intersection of downtown Dallas, Deep Ellum and the Dallas Farmers Market. Westdale will occupy 39,124 square feet in the office tower beginning in June. Coworking firm Spaces has leased 47,026 square feet, and Asian restaurant and lounge Komodo will occupy a total of 22,200 square feet of interior and exterior seating space. The Epic’s office building will feature a fitness center, office terraces, multiple collaborative workspaces and a seventh-floor amenity deck with views of downtown Dallas.