RICHARDSON, TEXAS — A joint venture between Midloch Investment Partners, a private equity firm with offices in the Midwest, and Dallas-based WindMass Capital has purchased a 176-unit apartment complex in the northeastern Dallas suburb of Richardson. Riverwalk Apartments was originally built in 1981 and offers one- and two-bedroom units. Amenities include a pool, fitness center, outdoor kitchen, package handling service and landscaped outdoor spaces. The seller and sales price were not disclosed.
HOUSTON — Community Health Choice Texas, a nonprofit health insurance agency, has signed a 82,706-square-foot office lease at Loop Central, a three-building complex in Houston. The campus, which was renovated in 2020, offers a fitness center, café/deli, tenant lounge, conference facility with kitchen and multiple indoor and outdoor seating areas. Kelli Gault, Jack Scharnberg, Doug Little and David Baker of Transwestern represented the landlord, Griffin Partners, in the lease negotiations. David Boyd of Boyd Commercial, along with Lucian Bukowski of CBRE, represented the tenant.
FORT WORTH, TEXAS — SRS Real Estate Partners has arranged the $6.1 million sale of a 13,426-square-foot, single-tenant retail property in Fort Worth that is net leased to CVS. The property was built on 2.3 acres in 2020. Matt McNeill of SRS represented the buyer, a California-based private investor, in the transaction. Thomas Co. represented the undisclosed seller.
ARLINGTON, TEXAS — Holt Lunsford Commercial has negotiated a 10,865-square-foot industrial lease renewal in Arlington. According to LoopNet Inc., the property at 3411 Avenue D was built in 1969 and totals 45,368 square feet. Canon Shoults, Maddy Canty and Walker Floyd of Holt Lunsford represented the landlord, Taurus, in the lease negotiations. Adam Brown with NAI Robert Lynn represented the tenant, HVAC supplies vendor Barsco.
HALTOM CITY, TEXAS — Creation, a Phoenix-based investment and development firm, has completed Northmark Commerce Center, a 234,478-square-foot industrial project in the Fort Worth suburb of Haltom City. Designed by LGE Design Group, the cross-dock facility sits on 20 acres and features 32-foot clear heights and 19 trailer parking stalls. Creation developed Northmark Commerce Center in partnership with Crow Holdings Capital. Dallas-based Holt Lunsford Commercial has been tapped to lease the development. Construction began in late 2021.
HOUSTON — Greystar has completed The Mill, a 166,000-square-foot, shallow-bay distribution center in northwest Houston. The property, which features 185-foot truck court depths, 32-foot clear heights, 33 dock-high doors and 12 trailer parking stalls, is the first industrial project in Houston for Greystar. The South Carolina-based developer is also underway on Beltway 35 Business Park, a Houston project that will ultimately consist of five buildings totaling 1.3 million square feet on a 91-acre site.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 165,050-square-foot industrial lease at 2080 McDaniel Drive in the northern Dallas suburb of Carrollton. The tenant, alcoholic beverage provider Buzzballz, is expanding from its 125,000-square-foot space at the adjacent facility at 2020 McDaniel Drive. Nathan Denton of Lee & Associates represented the tenant in the negotiations for the full-building lease. Prologis owns the property, which was originally built in 1981, according to LoopNet Inc.
FORT WORTH, TEXAS — Streamline Packaging Solutions has signed a 92,098-square-foot industrial lease renewal at RiverPark Business Center in Fort Worth. The development consists of two buildings totaling 500,635 square feet on a 25-acre site, and Streamline Packaging has been a tenant since 2011, occupying space at the 355,238-square-foot Building B. Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as SCG River Park Business Center LP, in the lease negotiations. Scott Miller of Bolanz & Miller Realtors Inc. represented the tenant.
HOUSTON —NewForm Real Estate has acquired a historic building located at 917 Franklin St. in downtown Houston that consists of roughly 35,000 square feet of office space and 5,000 square feet of retail space. The six-story building originally opened in 1904 as Commercial National Bank. NewForm is planning a complete overhaul of the building, including upgrades to the façade, lobby, windows, restrooms, utility systems and office suites. The locally based investment firm has hired CBRE to lease the office space and Transwestern to lease the retail space.
NORTH RICHLAND HILLS, TEXAS — Merlin Entertainments, an operator based in the United Kingdom, will open a theme park in North Richland Hills, a suburb of Fort Worth, that will be dedicated to children’s character Peppa Pig. The size of the park, which will feature multiple rides, interactive attractions, themed playscapes and shows, was not disclosed. The location, which is next to the NRH2O Family Water Park, formerly housed Mountasia Family Fun Center. The opening is slated for 2024. Merlin Entertainments, which operates facilities for concepts including Legoland and Sea Life Aquariums, has a licensing agreement with toymaker Hasbro, which owns the intellectual property rights to Peppa Pig and associated characters.