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DevelopmentIndustrialTexas

CapRock Partners Acquires 396,750 SF Peachtree Distribution Center in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — California-based investment firm CapRock Partners has acquired Peachtree Distribution Center, a 396,750-square-foot warehouse located in the eastern Dallas suburb of Mesquite. Built in 2001, the cross-dock property features 31-foot clear heights, 66 dock-high doors, three drive-in doors, 120-foot truck court depths (expandable to 175 feet), an ESFR sprinkler system and roughly 12,700 square feet of office space. Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne and Elliott Dow of CBRE represented the undisclosed seller in the transaction. CapRock Partners plans to make capital improvements to the property, which was fully leased to three tenants at the time of sale.

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LoansMultifamilySeniors HousingTexas

LTC Provides $12.7M Acquisition Loan for Seniors Housing Campus in Katy, Texas

by Taylor Williams

KATY, TEXAS — LTC Properties Inc. (NYSE: LTC) has provided a $12.7 million senior loan to Ignite Medical Resorts for the acquisition of a skilled nursing and assisted living campus in Katy, a suburb west of Houston. The campus was built in 2017 and includes 78 units (48 skilled nursing and 30 assisted living) and 104 licensed beds (70 skilled nursing and 34 assisted living). The five-year loan features full-term interest-only payments at a current rate of 9.15 percent and includes a capital expenditures investment of approximately $800,000 for campus improvements.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 81,500 SF Industrial Complex in Northwest Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of an 81,500-square-foot industrial complex in northwest Houston. The six-building complex at 6002 W. 34th St. sits on 3.8 acres and was 95 percent leased at the time of sale. Jason Tangen and Paul Dominique of Colliers represented the seller, a local family that has owned and operated the park since its original construction in 1978. The name and representative of the buyer, as well as the sales price, were not disclosed.

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Leasing ActivityOfficeTexas

ECI Software Solutions Signs 25,468 SF Office Lease in Westlake, Texas

by Taylor Williams

WESTLAKE, TEXAS — ECI Software Solutions has signed a 25,468-square-foot office lease in the North Texas city of Westlake The space is located within The Terraces, an eight-building, 1.1 million-square-foot development that was originally constructed as a campus for IBM and underwent a $25 million repositioning in 2021. Jeff Eckert of JLL represented the landlord, Chicago-based Glenstar, in the lease negotiations. Stephen Rury of Colliers represented the tenant.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 12,000 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 12,000-square-foot industrial lease renewal at Riverbend Business Park in northeast Fort Worth. The development comprises 1.4 million square feet across 32 buildings. William Wilson and George Jennings of Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was steel fabricator Patriot Erectors.

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AcquisitionsIndustrialTexas

Forefront Commercial Buys 627,303 SF Industrial Portfolio in Dallas Area

by Taylor Williams

DALLAS — Locally based investment firm Forefront Commercial Real Estate has purchased the North Dallas Infill Portfolio, a collection of four industrial buildings totaling 627,303 square feet in the Dallas area. The portfolio’s buildings, which are located in Addison, Farmers Branch and Carrollton, were fully leased to 13 tenants at the time of sale. Building features include 22- to 24-foot clear heights, front- and side-load configurations, 76 total dock high doors and over 77,000 total square feet of office space. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller, AEW Capital Management, in the transaction.

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LoansMultifamilyTexas

Thorofare Capital Provides Loan for Refinancing of Metro Austin Active Adult Community

by Taylor Williams

PFLUGERVILLE, TEXAS — Los Angeles-based Thorofare Capital has provided a bridge loan of an undisclosed amount for The Jovie at Pflugerville, a newly built, 182-unit apartment complex located on the northern outskirts of Austin. The age-restricted property offers 120 one- and two-bedroom units with an average size of 920 square feet. Amenities include a pool, fitness center, library, clubroom and bar, game room, private dining and event space and a coworking lounge. B.K. Newsom of CBRE arranged the loan on behalf of the borrower, regional developer Wilson Capital.  

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 10,203 SF Industrial Building in Pleasanton, Texas

by Taylor Williams

PLEASANTON, TEXAS — Colliers has brokered the sale of a 10,203-square-foot industrial building in Pleasanton, a southern suburb of San Antonio. The building sits on 9.6 acres at 495 Shale Road, and according to LoopNet Inc. was constructed in 2018 and features 22-foot clear heights. Todd Moore, Barkley Peschel and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed. The building was fully leased to energy firm Baker Hughes at the time of sale.

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IndustrialLeasing ActivityTexas

Restoration 1 Signs 10,060 SF Industrial Lease in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Restoration 1, which provides solutions for properties damaged by water, fire or mold, has signed a 10,060-square-foot industrial lease in North Fort Worth. The building at 13019 Harmon Road comprises six suites and features 25-foot clear heights. Jen Martin of TX Business Parks represented the landlord, an entity doing business as Harmon Condos LLC, in the lease negotiations. Richard Hitz of Bradford Commercial Real Estate Services represented the tenant.

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AcquisitionsIndustrialTexas

Oxford Partners Negotiates Sale of 10,000 SF Industrial Building in Southwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated the sale of a 10,000-square-foot industrial building in southwest Houston. According to propertyshark.com, the building at 9306 Summerbell Lane features 14-foot clear heights, five dock-high doors and 500 square feet of office space. Jeffery Arnaud and Ryley Caton of Oxford Partners represented the seller in the transaction. Rigoberto Juarez of Global Investment Realty represented the undisclosed buyer. 

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