IRVING, TEXAS — Houston-based NDLI Inc. has leased a 46,251-square-foot space within the Tristar Distribution Center in the Dallas/Fort Worth Airport/Freeport submarket. The firm is expanding and relocating its logistics hub in metro Dallas. NDLI will gain about 20,000 square feet of additional space when it relocates from Carrollton to 8101 Tristar Drive in Irving. With the lease, the 137,237-square-foot Tristar Distribution Center reaches 100 percent occupancy. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant. Canon Shoults of Holt Lunsford Commercial represented the landlord.
Texas
DALLAS — Lewisville, Texas-based HOYA Vision Care has signed a 101,817-square-foot lease at Trade Center IV, located at 755 Regent Blvd. in Dallas. The firm will move into the space in October to commence distribution of its optical lens products. Steve Trese of CBRE represented the landlord, LIT-RPC Trade Center IV LLC, a joint venture of Trammell Crow Co., Clarion Partners and Rosewood Property Co. Mark Miller and Tyson Ersin of NAI Robert Lynn Co. represented the tenant.
SAN ANTONIO — ARA has arranged the sale of Park West & Parliament Bend, two apartment complexes totaling 559 units in San Antonio. Pat Jones and Matt Michelson of ARA represented the seller, Regional Investment & Management, in the transaction. Regional Investment & Management is a California-based owner and operator of multifamily communities throughout Texas. The buyer is a private owner/operator. Park West consists of 327 units and was built in 1979. Parliament Bend consists of 232 units and was built in 1981. Both Class B complexes are located in the Castle Hills submarket in north-central San Antonio. The complexes were 95 percent occupied at the time of sale.
PORT ARTHUR, TEXAS — Marcus & Millichap has arranged the sale of La Quinta Inn & Suites Port Arthur, a 63-room hospitality property located at 7540 Memorial Blvd. in Port Arthur. Rahul Bijlani, Michael Yu and Eric Guerrero of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Texas-based developer. The name of the buyer was undisclosed.
AUSTIN — CBRE has arranged the sale of Centennial Towers on behalf of Braun Enterprise, a Houston-based real estate company. Boston-based Taurus Investment Holdings LLC purchased the asset for an undisclosed price. Centennial Towers is a six-story, 156,293-square-foot office building in the North Central Austin submarket. The tower is 95 percent leased to tenants including KBR, TRC Environmental Corp., The University of Texas and Texas A&M University. Centennial Towers is located at 505 E. Huntland Drive, within walking distance of light rail transit from the Capital MetroRail Highland Station. The property was built in 1986 and has received several updates, including new lighting in 2012 and a conference room renovation in 2014.
HOUSTON — NAI Houston has leased a 21,793-square-foot industrial building at 11505 Todd Street in Houston’s North West Industrial Corridor. John Ferruzzo and Darren O’Conor of NAI Houston represented the tenant, Superior Cladding LLC. Stuart Rosen of Greater Houston Commercial Properties represented the landlord, One Todd VHJT LLC.
FORT WORTH — Marcus & Millichap has arranged the sale of The Brentwood, a 292-unit apartment complex in Fort Worth. Al Silva of Marcus & Millichap’s National Multi Housing Group in Fort Worth, marketed the property on behalf of the seller, a Texas-based LLC. Silva also secured the buyer, another Texas-based LLC. The Brentwood is located at 8300 Brentwood Stair Road in Fort Worth, 10 miles east of downtown. The property was built in 1984 and was given a $2 million renovation between 2011 and 2013.
HOUSTON — Nelson Murphree Legacy Partners LLC has begun construction on a new office project located at 1885 St. James Place, just northwest of the Galleria in Houston. The new, 15-story Class A office development is expected to be complete in early 2016. Jackson & Ryan is the project’s architect and Tellepson Builders is the general contractor. The project will include 165,146 square feet of rentable space on the top nine floors, which will sit atop six levels of parking.
AUSTIN — HFF has arranged the sale of Stonecreek I and II and Canyon at Wild Basin, a three-building, Class A office portfolio totaling 314,399 square feet in Austin. HFF marketed the properties on behalf of the seller, Intercontinental Real Estate Group. A private real estate fund advised by Crow Holdings Capital Real Estate purchased Stonecreek I and II. CapRidge Partners LLC purchased Canyon at Wild Basin. Stonecreek I and II are located at 11920 and 11921 North Mopac Expressway just north of The Domain in northwest Austin. The buildings are 98 percent leased to tenants including CoreLogic, Time Warner, Century Link, Intellimark, TSMC and Siemens. Canyon at Wild Basin is located at 115 Wild Basin Road in southwest Austin. The building is 80 percent leased to tenants including Open Symmetry, Alliance Association Management, owns & Stanford, Dynamic Computing Services, X1 Labs, Creative Solutions and Cloud 8 Sixteen.
DALLAS — KDC and Invesco Real Estate have begun construction on a 12-story, 150,000-square-foot office building in Uptown Dallas. The planned Class A office building will be located at 1920 McKinney Ave. and will feature six stories of office space on top of a six-story parking structure. The ground floor will have 8,500 square feet of retail and restaurant space. The building is scheduled for completion in early 2016.