COPPELL, TEXAS — Holt Lunsford Commercial has secured a 24,399-square-foot industrial lease at 820 W. Sandy Lake Road in Coppell, located north of Fort Worth. According to LoopNet Inc., the property was built in 2006 and is located about a mile north of DFW International Airport. Jim Brice of Holt Lunsford represented the landlord, La Salle Investment Management Inc., in the lease negotiations. Matt Elliot of NAI Robert Lynn represented the tenant, Science Care Inc., an organ donation and tissue bank.
FORT WORTH, TEXAS — Locally based developer Hunt Southwest has landed a tenant for a full-building, 300,000-square-foot lease at DFW Coldspot, the company’s speculative cold storage facility located within Carter Industrial Park in Fort Worth. The tenant is Emergent Cold, a cold chain solutions firm with a significant presence in Australia. Hunt Southwest estimates occupancy will occur in late first quarter 2020. David Sours and Kevin Kelly of CBRE’s Food Facilities Group represented Hunt Southwest in the lease negotiations. David Norrie, also a cold storage specialist with CBRE, represented Emergent Cold. A number of other food and beverage distributors, including Tyson Foods, Schwan Food Co., Mother Parker’s Tea & Coffee and MillerCoors occupy space within Carter Industrial Park, which is near both Interstates 35 and 20 on the city’s south side.
LEWISVILLE, TEXAS — General contractor KWA Construction has completed Phase V of Hebron 121 Station, a $300 million multifamily project by developer Huffines Communities in Lewisville, a northern suburb of Dallas. Designed by Humphreys & Partners Architects, Phase V of the project spans approximately 300,000 square feet and 272 multifamily units. Amenities include a pool and a dog park. Hebron 121 Station overall spans 1,700 multifamily units and also includes a fitness center and a restaurant.
HOUSTON — Berkadia has arranged the sale of Lakes of 610, a 276-unit multifamily asset in Houston. Built in 1983, the property is located at 2701 W. Bellfort Ave. in the Willowbend area and features one- and two-bedroom units with mirrored closet doors and private balconies and patios. Amenities include a pool, spa and 24-hour maintenance service. Jennifer Ray and Ryan Epstein of Berkadia represented the seller, Starwood Capital Group, in the transaction. Andy Hill of Berkadia secured a $19.7 million Freddie Mac acquisition loan on behalf of the buyer, Western Wealth Capital, which plans to implement a value-add program at the property.
EULESS, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Flats at 901, a 200-unit apartment community in Euless, located northeast of Fort Worth. Units at the newly constructed property feature quartz countertops, stainless steel appliances and individual washers and dryers. Amenities include a pool area with an outdoor kitchen, as well as a game area and fitness center. Will Balthrope, Drew Kile and Joey Tumminello of IPA represented the seller, The NRP Group, and procured the buyer, Virginia-based Weinstein Properties.
FRISCO, TEXAS — Quality Custom Distribution (QDC), a division of Golden State Foods that services restaurant chains like Chick-fil-A, Chipotle Mexican Grill and Starbucks Coffee, will relocate its corporate headquarters from Irvine, California, to Frisco. The company expects to begin moving in to its new facility in January 2020. QCD already operates a manufacturing and distribution facility in the metroplex. According to The Orange County Register, the facility could house as many as 45 workers.
AUSTIN, TEXAS — Landmark Properties has acquired The Nine at Rio and The Nine at West Campus, two student housing properties totaling 692 beds near the University of Texas at Austin. The Nine at West Campus totals 345 beds and features amenities such as a pool with a tanning shelf, courtyard grilling stations, fitness center, game room, media lounge and coffee bar. The Nine at Rio totals 347 beds and offers a similar amenity package. The seller was not disclosed.
FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Coventry at Cityview, a 360-unit apartment community located near the intersection of Interstate 20 and Chisholm Trail Parkway in Fort Worth. Built in 1996, the property features one-, two- and three-bedroom units and amenities such as a pool, fitness center and playground. Will Balthrope, Drew Kile, Joey Tumminello and Grant Raymond of IPA represented the seller Harbor Group International LLC, in the transaction. The team also procured the buyer, WAK Management Co.
HOUSTON — JLL has arranged the sale of Mark VI, a 144-unit multifamily property in the Bellaire submarket of Houston. The property was built in 1970 and features a pool with a lounge area, six landscaped courtyards with seating, onsite laundry facilities and covered parking. Joey Rippel, Chris Young and Bailey Crowell of JLL represented the seller, AK Interests, in the transaction. The buyer, Indus Management Group, will rebrand the community as The Atrium at 5606 and implement a value-add program.
DALLAS — Gergef Auto Parts has signed a 110,800-square-foot industrial lease at 4012 W. Illinois Ave. in Dallas. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Matt Elliot of NAI Robert Lynn represented the landlord, Illinois Avenue Capital Partners LLC.