COPPELL, TEXAS — ML Realty Partners has arranged four industrial leases in Coppell. Park West Crossing, a recent four-building development, has leased 95,125 square feet to Classic Auto Air Manufacturing, JAS Forwarding (USA), DSBJ Precision Mechanical and JFC International. Park West Crossing is located immediately north of Dallas/Fort Worth International Airport with frontage on Freeport Parkway.
MISSOURI CITY, TEXAS — Colliers International has arranged four office leases at the Rotunda Building located at 5819 Highway 6 in Missouri City. Texas Children’s Hospital signed a new lease for 4,857 square feet, and Traci Holman and Jason Baker of Baker Katz represented the tenant. The Speech and Learning Center renewed its lease and expanded to 1,972 square feet and Transact NAP renewed and expanded to 3,796 square feet. Trivesta signed a new lease for 2,660 square feet on the first floor. Barkley Peschel of Colliers International represented the landlord, Rotunda, in all of the lease transactions.
RICHARDSON, TEXAS — The first three office towers at KDC’s CityLine development have achieved LEED Gold certification from the U.S. Green Building Council (USGBC). KDC is developing CityLine, a 186-acre mixed-use development in Richardson. State Farm is leasing 1.5 million square feet in buildings One, Two and Three CityLine. LEED is a green building certification program led by the USGBC that recognizes best-in-class building strategies and practices. A third-party verification process is used to determine that a building has been designed and built using strategies aimed at improving overall performance. To receive LEED Gold certification, the three office towers were evaluated in six areas: sustainable sites, water efficiency, energy and atmosphere, indoor environmental quality, regional priority and innovation in design. Phase II of construction, which includes the fourth State Farm office tower at CityLine, began in July 2014, with completion slated for mid-2016. It consists of a 12-story office tower situated above a five-level parking structure with 30,000 square feet of ground-floor retail. The tower is located on the northeast corner of State Street and Plano Road, directly across Plano Road from the other three towers leased by State Farm.
LAREDO, TEXAS — Marcus & Millichap has arranged the sale of Wells Fargo Laredo Heights, a 4,857-square-foot net-leased property located in Laredo. Blake Burnett of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, an individual/personal trust. Burnett also procured the buyer, an individual/personal trust. Wells Fargo Laredo Heights is located at 1220 Guadalupe St. and was built in 1989. According to the seller, the original lease commenced in 2002 and Wells Fargo recently signed a five-year extension.
FORT WORTH, TEXAS — Cushman & Wakefield has completed the sale of a 468-acre tract of land along the Chisholm Trail Parkway in southwest Fort Worth. Provident Realty Advisors, a privately held real estate and investment firm, purchased the property, commonly known as the Pate Ranch. The Cushman & Wakefield team of Chris Harden, Tom Salanty, Kyle Vinson and Kristopher Von Hohn represented the seller. The property, located south of Altamesa between Bryant Irvin Road on the west and the $1.4 billion Chisholm Trail Parkway on the east, has over a mile of commercial frontage along the 27.6-mile toll road, which extends from downtown Fort Worth south to Cleburne. The property is located near the Hulen Mall retail district and Texas Health Harris Methodist Hospital Southwest Fort Worth.
DALLAS — CBRE Capital Markets has arranged acquisition financing for Signature Exchange, two Class A office buildings in north Dallas. CBRE worked on behalf of America’s Capital Partners to obtain the financing. Signature Exchange was constructed in 1982 and went through a renovation in 2013. It is now 92 percent occupied. The property is located two miles north of I-635 on the west side of Preston Road. Greg Greene, Scott Lewis and Taylor Pearce of CBRE’s Dallas office secured the financing on behalf of the borrower. Gary Carr, Robert Hill, John Alvarado and Eric Mackey of CBRE’s Dallas Office investment group represented the seller, CBRE Global Investors.
AUSTIN, TEXAS — Parkway Properties has chosen Balfour Beatty Construction for renovations at One Eleven Plaza, a downtown Austin tower built in 1987. Balfour Beatty will deliver the project alongside landscape architecture firm dwg. and Michael Hsu Office of Architecture. Fareground at One Eleven Congress is the renovation of the plaza and lobby space at One Congress Plaza, located at the corner of 2nd Street and Congress Avenue. Following preconstruction planning by Balfour Beatty, the Fareground at One Eleven Congress project is underway with completion expected in spring 2017.
WACO, TEXAS — Time Manufacturing, headquartered in Waco since 1968, plans to expand its truck-mounted hydraulic lift manufacturing operations in Waco. Time will invest $5.8 million to expand its facilities by 50,000 square feet at Texas Central Parkway and add 121 jobs during the next four years. The factory manufactures 20 to 25 aerial lifts per day, for a total of 3,500 to 4,000 units a year. The lifts are sold at dealerships throughout the U.S. and in Europe, Latin America and parts of Asia. Time has additional operations in Bethel, Pa. and the United Kingdom.
EL PASO, TEXAS — Marcus & Millichap has brokered the sale of Sundial, a 112-unit apartment property located in El Paso. Kent Myers and Joe James of Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a partnership. Sundial is located at 5515 Alabama St. The property boasts two swimming pools, a resident clubhouse, playground and three on-site laundry facilities. Interiors feature newly renovated units, dishwashers and disposals.
DALLAS — Wellington Realty has negotiated the sale of the Summer Glen Apartment complex located at 9624 Rolling Rock Lane in Dallas. With a total of 206 apartment units, the Summer Glen Apartment complex was built in 1972 and renovated in 2000. David Shaffer, Kirby Hall Jackson III and Caleb Jones of Wellington Realty sold the asset.
