Partners Real Estate brokers sale of 387 acres of land in Briggs

Partners arranged the sale of 368 Acres of land located at N US Hwy 183 in Briggs, Texas.

Partners’ Aaron Gill and Todd Mahler represented the seller, Rex Douglas Michel, Jr. Substitute Trustee of The Wendell Rollins Hanson Trust, in the transaction.

Partners Real Estate arranges 56,970-square-foot lease for 2020 Exhibits in Houston

Partners Real Estate recently arranged 56,970-square-foot lease for 2020 Exhibits located at 13615 S. Gessner Road in Missouri City, Texas.

Partners’ Chris Caudill represented the tenant, 2020 Exhibits in the transaction. Lexie Curry with EQT Exeter, represented the landlord, EQT Exeter.

2020 Exhibits is a full service event marketer of interactive tradeshow exhibit technologies, event design and production, exhibit rentals, along with warehousing and storage.

San Antonio utility sells downtown event center for $5.3 million

CBRE has arranged the sale of the Villita Assembly Building, a 24,785-square-foot event center along San Antonio’s River Walk, to GrayStreet Partners, a local private-equity firm, for $5.3 million.

CBRE’s Andrew Price negotiated the transaction on behalf of the seller, CPS Energy, San Antonio’s municipally-owned electric and natural gas utility.

Located at 401 Villita St., the free-standing building was constructed in 1958 and sits on a 1.113-acre parcel. The single-story, circular building was designed by architect O’Neil Ford and features a concave rotunda wrapped with administrative, service, and mechanical spaces and adorned with custom decorative tile and carved stained-wood entry doors. The property includes a banquet hall, kitchen and outdoor plaza area.

The building is situated along the River Walk and adjacent to La Villita Historic Arts Village in Downtown San Antonio. It is within walking distance of many amenities and points of interest, including the Alamo, Henry B. Gonzalez Convention Center, Hemisfair, Tower of the Americas, Shops at Rivercenter, and numerous restaurants and hotels.

Firehouse Subs signs three leases in Dallas-Fort Worth metroplex

The Woodmont Company, a national real estate firm specializing in the development, acquisition, management, leasing and sale of retail properties, announced that it has secured three leases for Firehouse Subs in the Dallas-Fort Worth metroplex. 

The new leases include 1,649 square feet at Victory at Heritage Trace in Fort Worth, Texas; 1,300 square feet at Victory at Forney in Forney, Texas; and 1,200 square feet at Braewood Shopping Center in Coppell, Texas.

Grant Gary and Kendall Graff of The Woodmont Company represented Firehouse Subs in the three leasing transactions. 

Sale of suburban Dallas retail center with Sprouts anchor close

JLL Capital Markets announced today that it has closed the sale of Twin Creeks Marketplace, a 43,134-square-foot, grocery-anchored retail center located in the Dallas suburb of Allen, Texas.

JLL represented the seller, and an undisclosed investor acquired the asset.

Built in 2016, the 100-percent-occupied Twin Creeks Marketplace is anchored by a Sprouts, which comprises 69% of the total rentable area and boasts an annual visitor count of 265,400. Additional notable tenants include Starbucks, Verizon, ATI Physical Therapy and Advancial.

Situated at 1259 – 1271 West Exchange Pkwy., Twin Creeks Marketplace is less than a three-minute drive from U.S. 75, one of the largest north-south thoroughfares in DFW, and is within proximity to the Sam Rayburn Tollway. The center caters to the surrounding affluent consumer base in Allen with an average household income of $163,230. The immediate area features 1,400,000 square feet of Class A office space, 12,290 Class A multi-housing units, 1,600 hotel keys and 15 schools. Additionally, within five miles of the property is a 327,000 population.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Chris Gerard and Adam Howells, Senior Director Caroline Binning and Analysts Pauli Kerr and Cole Sutter.