DALLAS — Full-service real estate firm Finial Group has acquired Westmoreland Business Center, an 85,033-square-foot light industrial facility in Dallas. The property offers convenient access to several thoroughfares, including Interstate 20. Finial Group will continue to lease and manage the property. The seller was not disclosed.
HOUSTON — Marcus & Millichap has brokered the sale of Ramada Houston Intercontinental Airport South, a 96-room hotel located about four miles from George Bush Intercontinental Airport in Houston. Lisa Hankamer, Andrew Frosch, Allan Miller and Chris Gomes of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Miller and Gomes also procured the buyer, a Dallas-based limited liability company. Other terms of sale were not disclosed.
SAN ANTONIO — Los Angeles-based RPD Catalyst LLC has sold Pavilions North Shopping Center, a 165,993-square-foot retail property in San Antonio. Anchored by Conn’s Home Plus, Jo-Ann Fabrics, Sam Ash and K&G Fashion, the center was 99 percent leased at the time of sale. Kevin Catalani of REATA Real Estate Services represented RPD Catalyst in the transaction. The buyer was an out-of-state private investor.
HOUSTON — JLL has negotiated the sale of a 151,000-square-foot vacant office property located at 6001 Rogerdale Road in Houston. The two-story building has served as a single-tenant corporate campus since it was built in 2008. Amenities include a café ad break rooms. Rudy Hubbard, Kevin McConn and Rick Goings of JLL represented the seller, Fort Worth-based 111 Realty OPO LLC, in the transaction. Curt Stanton of Axiom Advisory Group represented the buyer, St. Louis-based Emerson.
HUMBLE, TEXAS — Houston-based Baker Katz has completed the remodeling and sale of a 52,744-square-foot retail center in Humble, a northern suburb of Houston. The property is anchored by 24 Hour Fitness. Neal Wade of Baker Katz represented the firm internally in the sale of the asset, which it acquired less than two years ago. Joe Silver of Streetwise Retail Advisors represented the buyer, 2ML Atascocita, LLC. Two new tenants, CareNow and Potbelly, have leased space at the center following the remodeling.
BRYAN, TEXAS — NAI Partners has arranged the sale-leaseback of a 48,765-square-foot industrial asset located at 7932 State Highway 21 W. in the Central Texas city of Bryan. Josh Lass-Sughrue, Jason Ridenbaugh and John Ferruzzo of NAI Partners represented the seller, Rod and Tubing Services, which services the oil industry. The buyer was PPL Properties LLC.
THE WOODLANDS, TEXAS — TF Warren Group, a firm that services the oil and gas industry, has acquired a 33,000-square-foot office building located at 25000 Pitkin Road in The Woodlands, about 30 miles north of Houston. Rob Banzhaf, David Alexander and Ryan Dierker of Newcor Commercial Real Estate represented TF Warren Group in the transaction. The trio also represented the seller, Rayford Professional Building Ltd. The sales price was not disclosed.
PRINCETON, TEXAS — Developer International Capital LLC will build Princeton Crossroads, a 297-acre mixed-use project that will be located in Princeton, a city northeast of Dallas in Collin County. Preliminary plans for the project include 166 townhomes and a grocery-anchored retail center. Princeton Crossroads is also fully entitled for 624 multifamily units. The groundbreaking is scheduled for Wednesday, Dec. 12. Dallas-based Range Realty Advisors is marketing the project.
TEMPLE, TEXAS — San Diego-based investment firm CEG Multifamily LLC has sold Retreat at Western Hills, a 224-unit multifamily community located in the Central Texas city of Temple. The property features a pool, fitness center, clothing care center and a resident clubhouse. Zar Haro and David Fersing of JLL represented CEG Multifamily in the sale. The buyer was Prasiti Asset Manager LLC, which acquired the property for an undisclosed price.
HOUSTON — Lee & Associates has arranged the sale of a 22,738-square-foot industrial property located at 5999 W. 34th St. in Houston. Chase Cribbs and Justin Cole of Lee & Associates represented the undisclosed buyer in the transaction. Joshua Lass-Sughrue and Jason Ridenbaugh of NAI Partners represented the seller, 600 Southwest Military Ltd.