SAN MARCOS, TEXAS — Partners Capital, the investment platform of Partners Real Estate, has purchased a 107-room Hilton Garden Inn hotel in San Marcos, located roughly midway between Austin and San Antonio. The hotel offers traditional guestrooms and suites and amenities such as a fitness center, business center, pool, meeting and event space and an onsite restaurant and bar. The seller and sales price were not disclosed.
DALLAS — Seven new tenants have joined the roster at Work/Shop, a 216,500-square-foot mixed-use development in North Dallas. EVO Entertainment Prestonwood debuted at the development in November, and Local Jonny’s, MAI (My Aesthetics Intelligence), Rose Couture Nail Bar and [solidcore] are slated to open later this year. Toast and juice bar Toastique will also open this month and eatery Crisp & Green is now open. Houston-based Triten Real Estate owns Work/Shop, which features 81,500 square feet of retail space in addition to 135,000 square feet of office space and 30,000 square feet of green space.
BROOKSHIRE, TEXAS — Lee & Associates has negotiated a 167,120-square-foot industrial lease in the western Houston suburb of Brookshire. The tenant, SOLogistics, has leased the entirety of Westside 10 Industrial Park, a front-load building that features 32-foot clear heights, 38 dock doors, two overheard doors, 145-foot truck court depths and parking for 227 cars and 15 trailers. Robert McGee, Taylor Schmidt and Austin Bartula of Lee & Associates represented the landlord, a partnership between Growth Capital Partners and Phelan Development Co., in the lease negotiations. Will Clay of JLL represented SOLogistics.
BAYTOWN, TEXAS — Locally based developer Triten Real Estate Partners has completed Thompson Road Distribution Center, a 130,755-square-foot industrial project located near Port Houston in Baytown. The site spans eight acres, and the building features 32-foot clear heights, 18 dock-high doors, two drive-in ramps, 80 trailer drops and 62 car parking spaces. Method Architecture designed the project, and Angler Construction served as the general contractor. Boyd Commercial is the leasing agent.
HOUSTON — Game Time, a Florida-based entertainment concept that includes bowling, arcade games and dining will open a 69,105-square-foot center in North Houston. The space within the 140,377-square-foot Willowbrook Pavilion shopping center, which is owned by NewQuest Properties, was formerly home to IT’Z Entertainment. The theater portion of that space has since been backfilled by EoS Fitness, which plans to open this summer. Game Time signed the 10-year lease after acquiring the former anchor tenant’s furniture, fixtures and equipment.
IRVING, TEXAS — Freedom Furniture & Design has signed a 15,340-square-foot lease at Royal Jetstar Tech Center, a 92,052-square-foot industrial flex facility in Irving. The lease term is seven years, and the tenant plans to take occupancy in May. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Pre DFW Airport LLC, in the lease negotiations. Daniel Rudd of Avison Young represented the tenant.
HOUSTON — Locally based developer Sueba USA has completed San Palmas, a 370-unit apartment community in West Houston. The four-story building houses studio, one-, two- and three-bedroom units that range in size from 480 to 2,196 square feet and are furnished with stainless steel appliances, tile backsplashes and nickel hardware. Amenities include a pool, fitness center, outdoor grilling and dining stations, a pickleball court, catering kitchen, coffee bar, lounges and a conference center. Rents start at $1,075 per month for a studio apartment.
TEXAS CITY, TEXAS — A joint venture between Sports Hospitality Ventures and Lagoon Development Co. will develop the Sports Illustrated Resort at Lago Mar, a 200-room hotel that will be located southeast of Houston in Texas City. The nine-story hotel will feature a variety of suite accommodations and sports-themed amenities, as well as a 12-acre lagoon and a beach club with cabanas, resort services and a swim-up island bar. Construction is scheduled to begin in the third quarter.
LINDALE AND WHITEHOUSE, TEXAS — Greystone has provided four Fannie Mae loans totaling $16.1 million for a quartet of multifamily properties in Smith County, located roughly midway between Dallas and Shreveport, La. The properties are located in Lindale and Whitehouse, both of which are part of the Tyler metro area, and total 136 units. Stella Plotkin of Greystone originated the nonrecourse loans, all of which were structured with 10-year terms, fixed interest rates and 30-year amortization schedules. The borrower(s) was not disclosed.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 31,835-square-foot industrial sublease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the property at 1215 W. Crosby Road was built in 2014 and totals 184,855 square feet. Corbin Blount and Adam Graham of Lee & Associates represented the sublessor, Grand Fusion Housewares LLC, in the lease negotiations. Mike Cleary, Bill Buntyn and Danny Stimson of Colliers represented the sublessee, Accelevation LLC.
