RICHMOND — Longhorn Excavators has sold 9,544 square feet of office/warehouse space, located at 8653 FM 2759 in Richmond, to Michael McGuire and Pamela McGuire. The McGuires will lease the property to WinSim Inc. Longhorn Excavators will move its operations to a 4,000-square-foot warehouse building, located at 1625 Cottonwood School in Rosenberg. Linda Scruton of RE/MAX represented the undisclosed landlord in the Rosenberg lease transaction. Glenn Nichols of Glenn Nichols Realty represented the buyer in the Richmond transaction. Jennifer Raymond with ICO Commercial represented Longhorn Excavators in both transactions.
DALLAS — H-E-B Central Market has opened its first small prototype store, a 30,000-square-foot facility, located at the Preston Oaks center at the intersection of Royal Lane and Preston Road in Dallas' Preston Hollow neighborhood. The store is the ninth Central Market store and the fifth in the Dallas/Fort Worth area. Fort Worth-based Trademark Property Co. owns the Preston Oaks center.
FORT WORTH — Dallas-based Bradford Commercial Real Estate Services has arranged a 15,545-square-foot industrial lease, located in Building 2 at 7873 S. Will Rogers Blvd. in Fort Worth. Nick Talley of Bradford Commercial represented the landlord, Carter Industrial Partners, in the lease transaction. Tyler Baucom of HGC Commercial Real Estate's Fort Worth office represented the tenant, Rubber & Gasket Co.
DALLAS — Preston Center Dance has signed a 7,000-square-foot lease at The Corner at Preston Center, a retail redevelopment project located at 6030 Luther Lane in Dallas. The landlord, Rosebriar Properties, was self-represented by Mackenzie Brittingham, Adam Sumrall, Ryan Stewart and Bill Hanks in the lease transaction. Chris Teesdale of Colliers International's Dallas office and Steve Rosenthal represented the tenant. Construction on the facility is expected to begin in March, and the new dance studio is slated to open on August 1, 2012.
DALLAS — Dallas-based KDC and Orlando, Fla.-based Estein & Associates USA have plans to develop a 400,000-square-foot, Class A office tower, located at the 75-acre Victory Park, a mixed-use center, in downtown Dallas. The 23-story property will feature eight floors of office space, 15 stories of parking, an upscale restaurant, a delicatessen and a fitness center. BOKA Powell will provide architectural services and design the property to achieve LEED certification. The office tower is slated for a late 2014 completion.
HOUSTON — Houston-based Highland Resources, Inc., has purchased the 100,875-square-foot 510 Bering, a six-story office tower located in Houston's San Felipe/Voss submarket. Highland was self-represented by Welden Johnston in the off-market transaction. David Schwarz and Tip Strickland of Grandbridge Real Estate Capital's Houston office represented the seller.
HOUSTON — Marcus & Millichap has arranged the $3 million sale of the 76-room Interstate Motor Lodge Houston, a hotel located at 13213 Interstate 10 E in Houston. Michael Yu, Rahul Bijlani and Eric Guerrero of Marcus & Millichap's Houston office represented the seller and procured the buyer in the transaction.
FARMERS BRANCH — Copart has plans to move its corporate headquarters from California to 53,126 square feet of office space in Centura Tower One, an office building located on the corner of Spring Valley and Dallas North Tollway in Farmers Branch. Dallas-based Minerva Real Estate represented the tenant in the lease transaction.
HOUSTON — Houston-based ICO Commercial has arranged a 33,260-square-foot lease of showroom and warehouse space, located at 9503 and 9505 Harwin Dr. in Houston. Los Angeles-based Discount King leased the property from the undisclosed landlord. Larry Indermuehle and Jane Holloway represented the landlord in the lease transaction.
COLLEYVILLE, MCKINNEY, MESQUITE AND VICTORIA — Dallas/Fort Worth-based Venture Commercial Real Estate has facilitated the sales of a standalone Market Street store, Stonebridge Ranch shopping center, Northcross Shopping Center and Galloway Crossing for approximately $41.8 million. Canada-based RioCan purchased the 72,617-square-foot standalone Market Street store, located in Colleyville, and the 88,552-square-foot Stonebridge Ranch shopping center, located in McKinney. RioCan purchased the retail properties from Uhlmann Offices for $29.9 million. John Zikos, Easley Waggoner, Amy Pjetrovic-Hunnicutt and Chris Booras of Venture Commercial represented the seller in the transaction. Sterling Organization will manage both properties. December Galloway LLC purchased the 59,425-square-foot Galloway Crossing, located at 2110 N. Galloway Ave. in Mesquite. The shopping center is 85 percent leased to tenants including H&R Block, Sylvan Learning Center and Dollar General. Chris Corbin and Bob Moore of Venture Commercial represented the buyer in the transaction. The seller was a special servicer. Venture Commercial will handle the leasing and management of the retail property. Dunhill Partners has purchased the 165,522-square-foot Northcross Shopping Center, located at 5201 Navarro St. in Victoria, from ANB Assets. Zikos and Booras represented the seller in the transaction. Nelson Billups and Alan Mann of Venture Commercial represented the buyer.