FORNEY, TEXAS — Locally based brokerage firm Paladin Partners has negotiated a 712,900-square-foot industrial lease at Gateway East Trade Center in Forney, an eastern suburb of Dallas. Dallas-based Hunt Southwest delivered the single-tenant, cross-dock building earlier this year. Gateway East Trade Center sits on 44.9 acres and features 40-foot clear heights, four drive-in doors, 266 car parking spaces (expandable to 439) and 151 trailer parking spaces (expandable to 226). Conrad Madsen and Greg Nelson of Paladin Partners represented the tenant, Kansas-based logistics firm Hayes Co., in the lease negotiations. Kurt Griffin, Nathan Orbin and Stuart Smith of Cushman & Wakefield represented Hunt Southwest.
TYLER, TEXAS — Marcus & Millichap has brokered the sale of Don’s Self Storage, an 334-unit facility in Tyler, about 100 miles east of Dallas. The facility comprises 49,225 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the East Texas-based seller and procured the California-based buyer in the transaction. Both parties were private investors that requested anonymity.
MISSOURI CITY, TEXAS — Thompson Thrift Residential, a subsidiary of Indianapolis-based investment firm Thompson Thrift, has sold The Ranch at Sienna, a 312-unit apartment community in the southwestern Houston suburb of Missouri City. Built in 2016, the property offers one-, two- and three-bedroom units averaging 1,105 square feet. Residences are furnished with private balconies and full-sized washer and dryers. Communal amenities include a pool with cabanas, a fitness center, clubhouse, coffee bar, outdoor kitchen, game room and a dog park. Houston-based Laye Capital Investments purchased the community for an undisclosed amount.
RICHMOND, TEXAS — Guefen Development Partners has acquired 13.3 acres in the southwestern Houston suburb of Richmond for the development of Haven Mission Trace, a 264-unit apartment complex. The property will consist of eight residential buildings that will house units ranging in size from 669 to 1,266 square feet, as well as a pool and a clubhouse. Ashley Casterlin of Davis Commercial represented the seller in the land deal. A tentative completion date was not disclosed.
HOUSTON — Texas-based accounting firm Weaver has signed a 60,247-square-foot office lease at 440 Post Oak Parkway in Houston’s River Oaks district. The space spans three floors of the 28-story building, which was originally constructed in 1982. The landlord, Florida-based CP Group, is in the midst of renovating the building to feature an activated lobby, fitness center, conference rooms, coffee bar, restaurant and outdoor green spaces. Scott Morse of Citadel Partners represented Weaver in the lease negotiations.
MCKINNEY, TEXAS — Locally based developer KDC has completed Phase II of Independent Financial’s $150 million office headquarters campus in the northern Dallas suburb of McKinney. Construction of the six-story, 198,000-square-foot building, which is located within the Craig Ranch master-planned development, began in early 2021. KDC completed Phase I of the project, which featured a 165,000-square-foot building on a 10-acre site, in summer 2019. Amenities include a fitness center, coffee bar and a grab-and-go dining area. Earlier this year, the project team purchased an additional 17 acres located northwest of the campus for further expansion, bringing the total footprint to 30 acres.
HOUSTON — Arizona-based SB Properties has acquired Vargos on the Lake, a 276-unit apartment community in West Houston. The property offers one- and two-bedroom apartments and three-bedroom townhomes. Amenities include a pool with a sundeck, fitness center with yoga and kickboxing stations, resident lounge with billiards and poker tables, conference lounge and a dog park. Jennifer Ray and Ryan Epstein of Walker & Dunlop represented the seller, Berkshire Group, in the transaction. The sales price was not disclosed.
BAYTOWN, TEXAS — Marcus & Millichap has brokered the sale of Cedar Grove Park RV Resort, a 266-site RV park located in the eastern Houston suburb of Baytown. Robert Denninger of Marcus & Millichap represented the seller, a private investor, and the buyer, a limited liability company, in the transaction. Both parties involved in the deal requested anonymity. The property was roughly 90 percent occupied at the time of sale.
ARLINGTON, TEXAS — Locally based investment firm 180 Multifamily Properties has purchased a 224-unit complex in Arlington. According to Apartments.com, the property at 834 Timberlake Drive offers one-, two- and three-bedroom units ranging in size from 600 to 1,010 square feet, as well as a business center and a clubhouse. The new ownership plans to implement a value-add program and rebrand the property as Oakmont Apartment Homes. The seller was Florida-based ZMR Capital.
HOUSTON — NAI Partners has arranged the sale of five freestanding industrial buildings totaling approximately 85,000 square feet in northwest Houston. Darren O’Conor of NAI Partners represented the seller and developer, Vault Partners, in the disposition of the buildings, which traded to four different buyers. Buyer representatives included Jeremy Kraus and Jordan Enger of CBRE; Gerrit Stryker of United Real Estate; Jason Gibbons and Jack Gaffney of Finial Group; and Rafael Melara of Hunington Properties