Texas

Clarion Partners Lands Three Office Tenants Totaling 187,054 SF at Westchase Park in Houston

by Taylor Williams October 16, 2019

HOUSTON — Clarion Partners LP has landed three new office tenants with a combined footprint of 187,054 square feet at Westchase Park, the company’s 560,825-square-foot office development in Houston. LJA Engineering Inc. leased 90,989 square feet, and Centurion Pipeline Co. LLC leased 28,078 square feet, with both firms planning to take occupancy during the first half of 2020. Additionally, ABB Inc. renewed its lease for 67,987 square feet. Eric Anderson, Parker Burkett, and Katy Gragg of Transwestern Commercial Services represented Clarion Partners in the lease negotiations. Lonna Dorman of Transwestern represented Centurion; Anthony Squillante and Dustin Devine of Stream Realty Partners represented LJA; and Beau Bellow and Josh Hirsch of JLL represented ABB Inc.

October 16, 2019

Acquisitions Retail Texas

JLL Brokers Sale of 40,612 SF Vintage Plaza Retail Center in Metro Austin

by Taylor Williams October 16, 2019

ROUND ROCK, TEXAS — JLL has brokered the sale of Vintage Plaza, a 40,612-square-foot retail center. The property is located within the 330-acre La Frontera master-planned development in Round Rock, a northern suburb of Austin. Built in 2003, the asset was approximately 93 percent leased at the time of sale to tenants such as Men’s Wearhouse, Bamboo Nails & Spa and Burn Boot Camp. Cathy Nabours, Walter Saad, Kyle Shaffer and Josh Villarreal of JLL represented the seller, Ironwood Real Estate, in the transaction. SITE Centers Corp. purchased the asset for an undisclosed price.

October 16, 2019

Acquisitions Multifamily Texas

Greystone Arranges Sale of 247-Unit Apartment Community in Dallas for $13.4M

by Taylor Williams October 16, 2019

DALLAS — Greystone’s Investment Sales Group has arranged the sale of Villas del Lago, a 247-unit apartment community located in the Bachman Lake submarket of Dallas. The sales price was $13.4 million. Built in 1974 and renovated in 2013, the property features one- and two-bedroom units, as well as an outdoor grilling and picnic area. Todd Franks of Greystone represented the seller in the transaction. Other terms of the sale were not disclosed.

October 16, 2019

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 51,288 SF Industrial Lease in McKinney, Texas

by Taylor Williams October 16, 2019

MCKINNEY, TEXAS — Lee & Associates has secured a 51,288-square-foot industrial least at 1581 Corporate Drive in McKinney, a northeastern suburb of Dallas. Brett Lewis and George Tanghongs of Lee & Associates represented the landlord, Dalfen Industrial, in the lease negotiations. The tenant was not disclosed.

October 16, 2019

Industrial Leasing Activity Texas

Texas AirSystems Leases 39,950 SF at Parc North in Fort Worth

by Taylor Williams October 16, 2019

FORT WORTH, TEXAS — Stream Realty Partners has negotiated a 39,950-square-foot industrial lease at Parc North in Fort Worth. Seth Koschak and Forrest Cook of Stream Realty Partners represented the landlord, EastGroup Properties, in the lease negotiations. Todd Hubbard of NAI Robert Lynn represented the tenant, Texas AirSystems.

October 16, 2019

Development Industrial Texas

Hunt Southwest to Develop 509,600 SF Spec Industrial Facility in Metro Houston

by Taylor Williams October 15, 2019

HUMBLE, TEXAS — Dallas-based Hunt Southwest will develop 59 Logistics Center, a 509,600-square-foot speculative industrial facility that will be located near George Bush Intercontinental Airport in the northeastern Houston suburb of Humble. Situated along Highway 59, the cross-dock facility will feature 36-foot clear heights and an ESFR sprinkler system. Completion is slated for the fourth quarter of 2020. CBRE will handle leasing of the facility. Powers Brown is the project architect, and E.E. Reed Construction is the project’s general contractor.

October 15, 2019

Development Industrial Texas

Panattoni Development to Build 159,405 SF Distribution Center in Metro Dallas

by Taylor Williams October 15, 2019

FARMERS BRANCH, TEXAS — California-based Panattoni Development has acquired 8.4 acres in the northern Dallas suburb of Farmers Branch for the development of a 159,405-square-foot speculative distribution center. The site is located near Interstates 35 and 635. Completion is slated for the second quarter of 2020. The seller was Centurion American Development Group. Biel Partners Commercial Real Estate represented Panattoni in the land acquisition.

October 15, 2019

Acquisitions Industrial Office Texas

G.W. Floyd Acquires 123,000 SF Switzer Business Park in Northeast Dallas

by Taylor Williams October 15, 2019

DALLAS — G.W. Floyd Ventures LLC has acquired Switzer Business Park, a 123,000-square-foot development featuring a mix of office, industrial and flex spaces in northeast Dallas. Brian Pafford and Jason Finch of Bradford Commercial Real Estate Services represented the seller, a California-based partnership that is exiting the Texas market. Bradford will continue to lease the property, which houses more than 60 tenants, on behalf of the new ownership.

October 15, 2019

Acquisitions Multifamily Texas

Capstone Arranges Sale of 319-Site Manufactured Housing Asset in San Antonio

by Taylor Williams October 15, 2019

SAN ANTONIO — Orlando-based Capstone Manufactured Housing has arranged the sale of Crescent Place, a 319-site manufactured housing asset located on 60 acres in San Antonio. Amenities include a swimming pool, clubhouse, basketball court, playground and a dog park. Ian Hilpl, Kevan Enger and Brian Hummell of Capstone represented the seller, a private investor, in the sale.

October 15, 2019

Acquisitions Multifamily Texas

Cantrell Partners Brokers Sale of 153-Unit Antiqua Village Apartment Property in Fort Worth

by Taylor Williams October 15, 2019

FORT WORTH, TEXAS — Cantrell Co. & Partners has brokered the sale of Antiqua Village, a 152-unit multifamily community in southeast Fort Worth. The property was 93.5 percent occupied at the time of sale. Sam Pettigrew of Cantrell represented the seller, Republic Village LP. The buyer of record is M&D Antiqua Village LLC, a Texas-based entity.

October 15, 2019

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