EL PASO, TEXAS — CBRE has negotiated a 56,400-square-foot industrial lease at 19 Butterfield Trail in El Paso on behalf of furniture producer South Shore USA Inc. The deal will provide a short-term warehouse lease to bridge the storage gap as the tenant constructs its own facility. Bill Caparis of CBRE represented South Shore USA in the lease negotiations. Chad McCleskey, also with CBRE, represented the landlord, Sealy SW Properties LP.
LUFKIN, TEXAS — Marcus & Millichap has closed the sale of Lufkin Plaza, a 5,943-square-foot retail center in Lufkin, roughly halfway between Houston and Shreveport, La. Philip Levy of Marcus & Millichap represented the buyer, a Texas-based investor that acquired the property via a 1031 exchange. A West Coast-based investor sold the center, which was 100 percent leased at the time of closing.
AUSTIN, TEXAS — Brandywine Realty Trust, a Philadelphia-based REIT, has signed a development agreement to develop a 250,000-square-foot office building at the Garza Ranch mixed-use development in Austin. A timeline for construction has not yet been established. At full build-out, Garza Ranch will consist of 400,000 square feet of office space, 370 multifamily units and a 140-room Aloft hotel, according to the Austin American-Statesman.
SAN ANTONIO — Cruising Kitchens, a fabricator of food trucks and mobile offices, will open a 61,000-square-foot production facility in San Antonio on May 18. The facility will be located at 2100 Mannix Drive near the San Antonio International Airport on the city’s north side, and will include an interactive lobby, viewing windows and a showroom.
HOUSTON AND SUGAR LAND, TEXAS — Breakfast chain The Toasted Yolk Café will open two additional restaurants in the Houston area, including a 5,000-square-foot restaurant in the Galleria area of Houston and a 5,954-square-foot restaurant in the southwestern suburb of Sugar Land. The Toasted Yolk will have seven locations in Houston following the opening of these venues, both of which are slated for August. Paul Vernon of Henry S. Miller Brokerage Co. represented The Toasted Yolk in the lease negotiations for the new spaces.
SAN ANTONIO — Retail Properties of America Inc. (RPAI) has secured two new retail leases totaling 7,300 square feet at Huebner Oaks, a 285,000-square-foot, open-air shopping destination in San Antonio. Jeweler James Avery will open a 6,100-square-foot store and francesca’s, a women’s clothing and accessories retailer, will open a 1,200-square-foot store. The stores are scheduled to open in the summer of 2018 and early 2019, respectively.
PLAINVIEW, TEXAS — Lonestar Dirt & Paving has broken ground on The Plainview-Hale County Business Park, a 140-acre industrial development in Plainview, a city in West Texas roughly midway between Lubbock and Amarillo. The rail-served site, which is located along the Interstate 27 corridor, formerly housed a beef packing plant that closed in 2013. The timetable for completion of the project, which officially broke ground on Monday, April 23, is nine months.
AUSTIN, TEXAS — Maker Bros. has broken ground on St. Elmo Public Market, a mixed-use development in Austin that is valued at approximately $120 million, according to the Austin American-Statesman. Project features include a 40,000-square-foot public market, 103,380 square feet of office space, 380 apartment units and a 156-room hotel. The development, which is situated on a 12.5-acre site at 4329 S. Congress Ave. on the city’s south side, is expected to open in May 2019.
DALLAS — Northwood Retail, an affiliate of national investment advisory firm Northwood Investors, has begun the renovation of Hillside Village, a 169,229-square-foot shopping center in Dallas. Northwood is upgrading the facades, lighting and roofs of the spaces, as well as delivering a new parking and sidewalk system. The renovation project is expected to be complete by year’s end. New tenants joining the property, which was built in 1954, include Session Pilates, Villa Nail Spa and Hillside Tavern.
FLOWER MOUND, TEXAS — The Flower Mound City Council has approved an agreement with FM 2499 Office Venture LLC, an affiliate of Irving-based Realty Capital, to develop a 120,000-square-foot speculative office building in the northern Dallas suburb. The city will commit $25 million to the four-story, Class A project, which has a target completion date of late 2022. The project will include the development of a 480-space parking structure.
