HOUSTON — A subsidiary of The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of Champions Healthcare at Willowbrook, a 242-bed seniors housing property located in northwest Houston. The healthcare campus consists of a 98-bed skilled nursing facility and a 144-bed assisted living facility. The seller and sales price were not disclosed.
SAN ANTONIO — Mimco, an El Paso-based retail investment firm, has purchased Walzem Plaza, a 182,713-square-foot shopping center located in northeast San Antonio. Built in 1981, the center is home to tenants such as Harbor Freight Tools, 99 Cents Only, Foot Locker, WellMed, Citi Trends and Wingstop. The seller was an entity controlled by Silver Star Properties. The sales price was not disclosed.
HOUSTON — Freight and logistics firm Paramount Transportation Services has signed a 64,576-square-foot industrial lease extension at World Houston International Business Center in the city’s downtown area. Jay Magness, Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant in the lease negotiations. InSite Realty Partners represented the landlord, Mississippi-based REIT EastGroup Properties.
GALVESTON, TEXAS — A group of private investors with longstanding ties to the hospitality industry has opened the 61-room Hotel Lucine in Galveston. Designed by Austin-based Kartwheel Studio, the hotel is a redevelopment of the Treasure Isle Motel, which was originally built in the 1960s. Amenities include a pool and multiple onsite food-and-beverage options.
MIDLAND, TEXAS — Churchill Forge Properties has acquired The Clusters, a 352-unit apartment community located in the West Texas city of Midland. Built on 14 acres in 1982, The Clusters offers one- and two-bedroom units and amenities such as multiple pools, a fitness center, sport courts, walking trails and a clubhouse. An out-of-state partnership sold the property to Churchill Forge for an undisclosed price. Will Balthrope and Drew Garza of Institutional Property Advisors (IPA), along with Tommy Lovell III and Richard Robson of IPA parent company Marcus & Millichap, represented both parties in the deal.
FORT WORTH, TEXAS — Giti Tire USA, a global manufacturer and distributor based in Singapore, has signed a 267,000-square-foot industrial lease in Fort Worth. Clay Balch, David Eseke, Andrew Morrow and Luke Rivera of Cushman & Wakefield represented Giti Tire USA in the lease negotiations. Becky Thompson of Lee & Associates represented the landlord, Atlanta-based Stonemont Financial Group. The deal was finalized before the completion of construction, which began in mid-2022.
HOUSTON — Locally based brokerage firm NewQuest Properties has negotiated the $10 million sale of a 75,767-square-foot industrial facility located near George Bush International Airport in North Houston. Built on 6.5 acres in 2017 and expanded in 2021, the facility is home to Allied Power Group, which services the gas turbine industry. Marc Peeler of NewQuest represented the seller and developer, Sublime Properties, in the transaction. The buyer was a Canadian family office.
CARROLLTON, TEXAS — Bradford Commercial Real Estate Services has secured a 129,611-square-foot, full-building industrial lease renewal at Valwood Industrial Park in the northern Dallas metro of Carrollton. Joe Santaularia of Bradford represented the tenant, North Carolina-based Network Wireless Solutions, in the lease negotiations. Sara Ozanne and Mac Hall of Stream Realty Partners represented the landlord, an affiliate of Blackstone Real Estate Income Trust (BREIT).
DALLAS — Lee & Associates has brokered the sale of an 82,098-square-foot civic property in South Dallas. The five-building property spans 11.9 acres at 330-340 E. Ann Arbor Ave. and previously housed a school. Ally Tanghongs and George Tanghongs of Lee & Associates represented the seller, an entity doing business as Kim & K Development LLC, in the transaction. The undisclosed buyer plans to redevelop the property into an industrial facility.
DALLAS — A partnership between KDC and Pacific Elm Properties has broken ground on Parkside, a 500,000-square-foot office development located at the corner of North Harwood Street and Woodall Rodgers Freeway in Uptown Dallas. Bank of America has committed to be the building’s anchor tenant with a 238,000-square-foot lease, and upon move-in, the building will become known as Bank of America Tower at Parkside. The development will be home to 1,000 Bank of America employees upon completion, which is expected for the first half of 2027. Designed by New York-based architect Kohn Pedersen Fox, the 30-story tower will feature a conference center with a training room that seats 50; pre-function and lounge space; an executive board room; break-out chat rooms; a state-of-the-art fitness center; private outdoor terraces; and a 12th-floor sky lobby and lounge with a coffee and cocktail bar. The development is located across the street from the 5.2-acre Klyde Warren Park, which connects uptown and downtown Dallas. The tower also offers easy access to a variety of transportation options, including the M-Line Trolley, which connects to a nearby DART Rail System station. The full development team includes Miyama USA Texas, Kohn Pedersen Fox, Corgan and OJB. Andy Leatherman …