Texas

Levey Group Completes 64,850 SF Distribution Center in Houston

by Taylor Williams February 7, 2018

HOUSTON — Levey Group, a family-owned industrial development firm, has completed a 64,850-square-foot distribution center within Northwest Place Industrial Park in Houston. The side-load facility can service a single tenant for be divided into leasehold spaces as small as 22,000 square feet. Facility features include 32-foot clear heights, dock-high loading doors and two ramps for grade-level building access. Two additional tilt-wall facilities are also being developed as part of Phase II of the project. CBRE is handling leasing of the property.

February 7, 2018

Aldi, Dollar Tree Open Stores at 156,000 SF Shopping Center in Metro Houston

by Taylor Williams February 7, 2018

KINGWOOD, TEXAS — German discount grocer Aldi and Virginia-based Dollar Tree have opened stores at Shoppes at Kingsgate, a 156,000-square-foot retail center in the northern Houston suburb of Kingwood. Aldi will occupy approximately 19,000 square feet and Dollar Tree will occupy 9,500 square feet. A building that formerly housed Sears was demolished to make way for the construction of both retailers’ spaces. Shawn Ackerman of Henry S. Miller Co. Inc. (HSM) represented the landlord, Chestnut Ridge Associates, in the lease negotiations. Chris Pitts and Joe Silver of Streetwise Retail Advisors represented Aldi and Perry Zieben of Zieben Realty represented Dollar Tree.

February 7, 2018

Industrial Texas

NAI Partners Brokers Sale of 55,640 SF Manufacturing Facility in Houston

by Taylor Williams February 7, 2018

HOUSTON — NAI Partners has brokered the sale of a 55,640-square-foot, crane-served manufacturing facility situated on 3.6 acres at 6460-6450 Langfield Road in northwest Houston. Clay Pritchett and Joshua Lass-Sughrue of NAI Partners represented the seller, JHV LLC, in the transaction. Travis Secor and Ryan Fuselier of JLL represented the buyer, MC Properties & Investments LLC.

February 7, 2018

Loans Multifamily Oklahoma Texas

Harborview Arranges $16M HUD Refinancing of Multifamily Asset in Oklahoma

by Taylor Williams February 7, 2018

OKLAHOMA — Lawrence, N.Y.-based Harborview Capital Partners has arranged the $16 million refinancing of a multifamily property in Oklahoma that comprises more than 300 units. The non-recourse loan was financed through HUD’s MAP 223(f) program and features an 80 percent loan-to-value (LTV) ratio and a 35-year fixed-rate term. Jeffrey Fuchs of Harborview secured the loan on behalf of a California-based borrower, which purchased the property two years ago and implemented a $4 million capital improvement plan.

February 7, 2018

Mixed-Use Texas

Cielo Breaks Ground on Mixed-Use Project in East Austin

by Taylor Williams February 6, 2018

AUSTIN, TEXAS — Cielo Property Group has broken ground on The Foundry, a mixed-use project in east Austin that will comprise 76,000 square feet of office space and 17 condo units, 11 of which are already under contract. DPR Construction, the general contractor for the project, has preleased 30,000 square feet at the three-story office property. Independent Bank provided the construction loan for the development, which is scheduled to open in March 2019. Sixthriver Architects designed the office building. CBRE will handle leasing of the property.

February 6, 2018

Office Texas

Transwestern Negotiates Two Office Leases Totaling 142,000 SF in Plano

by Taylor Williams February 6, 2018

PLANO, TEXAS — Transwestern has negotiated two office leases totaling more than 142,000 square feet at Legacy Tennyson Center, a Class A office development in Plano. WorldVentures, a marketer of vacation clubs and packages, expanded its footprint at the property from 100,000 to 125,000 square feet and Connecticut-based insurance company Affinion Group leased 17,153 square feet. Legacy Tennyson Center consists of two buildings totaling 202,600 square feet and offers tenants an outdoor courtyard area and a jogging trail.

February 6, 2018

Industrial Office Texas

JLL Brokers Sale of 93,000 SF Flex Property in Northwest Houston

by Taylor Williams February 6, 2018

HOUSTON — JLL has brokered the sale of a 93,000-square-foot flex property located at 7207 Gessner Road in northwest Houston. GBP Industrial purchased the building from California-based development/management firm Goldrich & Kest Industries LLC. Built in 1997, the two-story, Class B building is fully leased to LabCorp, a North Carolina-based healthcare diagnostics firm. Dustin Volz, Kevin McConn, Rick Goings, Zane Marcell and Grant Matthews of JLL brokered the sale.

February 6, 2018

Office Texas

Skywalker’s Hangover Opportunity Fund Sells 66,885 SF Office Campus in Irving

by Taylor Williams February 6, 2018

IRVING, TEXAS — Hangover Opportunity Fund LLC, a fund managed by Arlington-based Skywalker Property Partners, has sold a three-building, 66,885-square-foot office campus in Irving to an undisclosed oil and gas firm. The buildings are situated on 4.6 acres at 6301, 6321 and 6341 Campus Circle Drive, just outside Dallas-Fort Worth International Airport. The property recently underwent a $350,000 capital improvements program to repair foundations and underground plumbing, revamp the landscaping and develop office suites on a speculative basis. Matt Hurlbut of Transwestern represented the seller in the all-cash transaction. Zack Stevens of NAI Robert Lynn represented the buyer.

February 6, 2018

Restaurant Retail Texas

Private Investor to Develop 31,500 SF Food Hall, Parking Garage in Downtown Houston

by Taylor Williams February 6, 2018

HOUSTON — An undisclosed private investor will develop Lyric Market, a 31,500-square-foot food hall that will be located at the corner of Louisiana and Preston streets in downtown Houston. The development includes the construction of an 801-space parking garage. Set to open this fall, the concept will include a bakery, sushi bar, ice cream shop and wine and cocktail bars. Matthew Putterman of HFF arranged an undisclosed amount of construction financing on behalf of the developer through Origin Bank.

February 6, 2018

Healthcare Texas

Norvin Acquires 505,000 SF Medical Office Park in Metro Houston

by Taylor Williams February 5, 2018

BELLAIRE, TEXAS — Houston-based investment firm Norvin Healthcare Properties has acquired the 505,000-square-foot Pin Oak medical office complex in the Houston metro of Bellaire. The five-building property is located roughly 3.5 miles from the Texas Medical Center and is leased to healthcare tenants such as Memorial Hermann, Kindred Healthcare and Texas Children’s Hospital. Norvin intends to make capital upgrades to the property’s mechanical systems, parking garages and tenant amenities.

February 5, 2018

Newer Posts

Older Posts