SAN MARCOS AND BURNET, TEXAS — Retail Solutions has arranged the sales of two retail properties located in the greater Austin area. In the first transaction, Popeye’s Fried Chicken purchased a retail property at StoneCreek Crossing in San Marcos. Nomoland Co. sold the property for an undisclosed price. Dave Burggraaf of Retail Solutions represented the buyer, and Jimbo Cotton of McAllister & Associates represented the seller in the deal. In the second deal, Isabel Reid acquired a 2,400-square-foot retail property located at 109 E. Jackson St. in Burnet. 7-Eleven Inc. sold the property for an undisclosed price. Preston Wolfe of Retail Solutions represented the seller, while Jane Hurst of Broker’s Realty represented the buyer in the transaction.
Texas
ADDISON, TEXAS — Stream Realty Partners has arranged the sale of Midway Office Park, an office property located at 4275 Kellway Circle and 16160 Midway Road in Addison. PRE Management sold the 102,855-square-foot property for an undisclosed sum. Dallas Metrocare anchors the property. Jamie Jennings, James Mantzuranis, Caitlin Clinton and Chase Lopez of Stream Realty represented the seller in the transaction. The name of the buyer was not released.
BUDA, TEXAS — REOC Austin has arranged the acquisition of a manufacturing facility located at 150 Precision Drive in Buda. Heaven Hill Brands, dba Deep Eddy Vodka, purchased the 194,574-square-foot facility from Lone Star CCC for an undisclosed price. The new property is the second location for the Austin-based spirits company. Mark Milstead of REOC Austin represented the buyer, while Greg Marberry of CBRE represented the seller in the deal.
MCALLEN, TEXAS — Marcus & Millichap has arranged the sale of Maple Court Apartments, a multifamily property located at 1400 N. 16th St. in McAllen. Built in 1973, the property features 46 apartments in four buildings, a central courtyard, covered parking and an on-site laundry room. Mike Moffitt Jr. and William Stover Jr. of Marcus & Millichap’s Austin office represented the seller, a limited liability company, and secured the buyer, a partnership. The acquisition price was not released.
DALLAS — NAI Robert Lynn has arranged the sale of an industrial property located at 119 Regal Row in Dallas. Allied Interiors acquired the 233,000-square-foot warehouse facility for an undisclosed sum. Robert Blankinship and Matt Elliott of NAI Robert Lynn handled the transaction. The name of the seller was not released.
ALTUS, OKLA. — Hobby Lobby Stores Inc. has leased 59,318 square feet of retail space within Northtown Center, located at 1700 N. Main St. in Altus. The landlord is Northtown Altus LLC. Mark Inman and Stuart Graham of CBRE’s Oklahoma City office represented the tenant in the deal.
TOMBALL, TEXAS — Santikos Entertainment is developing Northpointe Shopping Center, an entertainment-anchored retail center located at the northeast corner of Windsor Pointe Drive and State Highway 249 in Tomball. Anchored by the existing Santikos Silverado 19, a multi-screen cinema, the center will feature 90,000 square feet of junior anchor and shop space, as well as pad sites. In addition to the cinema, the site currently includes two restaurants on pad sites: Texas Roadhouse and Bahama Bucks. Randy Hopper and Edward Heap of The Weitzman Group are handling leasing for the project, which is scheduled for delivery in 2018.
ENNIS, TEXAS — Stream Realty Partners has brokered the sale of an industrial facility located at 601 National Drive in Ennis. LSREF4 Dual LLC sold the 315,000-square-foot property for an undisclosed sum. Built in 2007, the property is fully leased to Cenveo Corp., a manufacturer of commercial printing, custom packaging, envelopes and labels. Jamie Jennings, James Mantzuranis, Caitlin Clinton and Cannon Green of Stream Realty Partners represented the seller. The name of the buyer was not released.
Port Logistics Realty Breaks Ground on 83,125 SF Spec Warehouse in Grand Prairie, Texas
by Amy Works
GRAND PRAIRIE, TEXAS — Port Logistics Realty has broken ground on a speculative warehouse facility in Great Southwest Industrial Park in Grand Prairie. Offering access to I-30 and Texas State Highways 183 and 360, the 83,125-square-foot industrial property is slated for completion in the second quarter of 2017.
SAN MARCOS, TEXAS — Hill & Wilkinson General Contractors has completed the Science, Technology and Advanced Research One expansion at Texas State University in San Marcos. The $8 million project added 16,000 square feet of lab space and office suites, bringing the facility to a total of 36,000 square feet. The space serves as an incubator for start-up and early-stage businesses by providing tenants access to secure wet labs, clean space, conference rooms and office space for research and development. The project team included PhiloWilke Partnerships, GarzaBury Engineering, E&C Engineers and Consultants and Cardno Haynes Whaley.