Texas

Bellomy Brokers Sale of 1,111-Unit Self-Storage Facility in Dallas

by Taylor Williams February 22, 2018

DALLAS — Bellomy & Co. has brokered the sale of a CubeSmart self-storage facility located at 5505 Maple Ave. in the Oak Lawn area of Dallas. The Class A facility, which opened in March 2017, consists of 1,111 units across 100,239 net rentable square feet. Approximately 91 percent of the units are climate-controlled. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the seller, Dallas-based Platinum Construction, in the transaction. The Bellomy team also procured the undisclosed buyer.

February 22, 2018

Multifamily Student Housing Texas

Campus First Acquires 432-Bed Student Housing Property in Denton

by Taylor Williams February 22, 2018

DENTON, TEXAS — Campus First Student Living, a division of Atlanta-based CF Real Estate Services LLC, has acquired Midtown at Denton, a 432-bed student housing community near University of North Texas in Denton. The 120-unit property, which will has been rebranded Midtown 905, was built in 2011 and includes amenities such as a pool, fitness center, game room, study lounge and tanning bed. The transaction is part of a three-property portfolio sale in which Los Angeles-based Redbridge Capital acquired two other student housing assets totaling 383 beds in Arlington and Fort Worth. The seller was not disclosed.

February 22, 2018

Retail Texas

FunkyTown, Willow House to Join Sundance Square Development in Downtown Fort Worth

by Taylor Williams February 22, 2018

FORT WORTH, TEXAS — Bakery FunkyTown Donuts and Drafts and apparel and home décor retailer Willow House Boutique will open stores within Sundance Square, a retail and dining destination that spans 35 blocks in downtown Fort Worth. FunkyTown will occupy 1,248 square feet and Willow House will occupy 2,410 square feet. Both stores are slated to open this spring.

February 22, 2018

Industrial Texas

Boyd Commercial Negotiates 84,000 SF Industrial Lease in Houston

by Taylor Williams February 22, 2018

HOUSTON — Boyd Commercial has negotiated an 84,000-square-foot industrial lease at 6000 S. Loop E. in Houston. Greg Barra and David Munson of Boyd Commercial represented the landlord, Cynjai Investment, in the lease negotiations. Andrew Jewell of Cushman & Wakefield represented the tenant, Balflex USA Inc., a manufacturer of hydraulic hoses and fittings for various industries. The duration of the lease was not disclosed.

February 22, 2018

Office Texas

Poynter Commercial Secures 40,000 SF in Office Leases in Houston

by Taylor Williams February 22, 2018

HOUSTON — Poynter Commercial has secured five office leases totaling 40,000 square feet at a 325,000-square-foot office building located at 11700 Katy Freeway in Houston. The two largest leases include Enterprise Offshore Drilling LLC taking 12,629 square feet and Helm U.S. Corp. taking 9,637 square feet. Kevin Poynter and Peyton Poynter of Poynter Commercial represented the landlord, FSP Energy Tower I Ltd., the lease negotiations with Enterprise Offshore Drilling. Kevin Poynter also represented the landlord in the lease negotiations with Helm U.S. Sean Durkin of The J. Beard Real Estate Co. represented Helm U.S.

February 22, 2018

Office Texas

HFF Negotiates Sale of 806,541 SF Office Portfolio in Houston

by Taylor Williams February 21, 2018

HOUSTON — HFF has negotiated the sale of Brookhollow Central I, II and III, a three-building portfolio of office properties totaling 806,541 square feet in Houston’s North Loop submarket. Dan Miller and Marty Hogan of HFF represented the seller, Miami-based office investment firm Parmenter, in the transaction. California-based Hertz Investment Group purchased the properties for an undisclosed price.

February 21, 2018

Retail Texas

Flix Brewhouse to Open 38,750 SF Cinema, Microbrewery in Houston

by Taylor Williams February 21, 2018

HOUSTON — Austin-based entertainment concept Flix Brewhouse will open a 38,750-square-foot cinema and microbrewery within Hub at Harvest Green, a 300,000-square-foot dining and shopping destination under construction in Houston. The center, which Trammell Crow Co. is developing, will be located at the intersection of Grand Parkway and West Airport Boulevard. Flix Brewhouse is the first entertainment anchor signed at Hub at Harvest Green, which is slated to open in summer 2019.

February 21, 2018

Office Texas

Fults Breaks Ground on 32,867 SF Office Building in Metro Dallas

by Taylor Williams February 21, 2018

GRAPEVINE, TEXAS — Fults Commercial Real Estate has broken ground on Kriya Plaza, a 32,867-square-foot office building in the northwestern Dallas metro of Grapevine. The property overlooks Lake Grapevine and is situated across the street from Grapevine Mills Mall. A timeline for completion was not disclosed, but tenant improvements will be available beginning in June.

February 21, 2018

Multifamily Texas

Marcus & Millichap Brokers Sale of 176-Unit Apartment Complex in Fort Worth

by Taylor Williams February 21, 2018

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Woodway on the Green, a 176-unit multifamily complex in Fort Worth, for an undisclosed price. The property is located near Harris Hospital and Hulen Mall. Al Silva, Mark McCoy and Ford Braly of Marcus & Millichap represented the seller, a private investor who developed the property in 1979. Lubbock-based Madera Residential purchased the complex and will implement a capital improvement plan.

February 21, 2018

Industrial Texas

NAI Partners Arranges 46,720 SF Industrial Sublease in Metro Houston

by Taylor Williams February 21, 2018

MEMORIAL CITY, TEXAS — NAI Partners has negotiated a 47,000-square-foot industrial sublease at 9811 Katy Freeway in the western Houston suburb of Memorial City. Jon Silberman, John Ferruzzo and Nick Peterson of NAI Partners represented the tenant, data processing firm Fairfield Nodal, in the sublease negotiations. The name and representative of the sub-landlord were not released.

February 21, 2018

Newer Posts

Older Posts