“Lonestar Popcorn store leased a 1,400 square feet space at Lonestar Pavilion at 3300 Grapevine Mills Parkway in Grapevine. The Retail Connection’s David Levinson represented the landlord and the tenant in negotiating the lease.”
Category: North Texas Deals & Announcements
World of Smoke & Vape Coming to Warren Plaza
“World of Smoke & Vape leased a 1,202 square feet space at Warren Plaza at 9351 Warren Parkway in Frisco. The Retail Connection’s David Levinson and Paul Cooke, III represented the landlord in negotiating the lease along with Javier Zablatt with The Weitzman Group who represented the tenant.”
Tri Global Energy Renews 16,012 SF at 17300 North Dallas Parkway
Tri Global Energy, LLC renewed 16,012 square feet at 17300 North Dallas Pkwy in Dallas, TX. Noah Burns represented the landlord, Hartman Income REIT.
PS Business Parks, Inc. Announces Acquisition of Port America in Texas
GLENDALE, Calif.–(BUSINESS WIRE)–Sep 1, 2021–PS Business Parks, Inc. (NYSE:PSB) announced today that it has completed the acquisition of Port America, a 717,735 square foot multi-tenant industrial park located in Dallas, Texas, for a total purchase price of $123.0 million.
Port America consists of 15 buildings with an average customer size of 8,000 square feet and was approximately 96% occupied at closing. The park is strategically located immediately adjacent to DFW International Airport on fee simple land. The park is uniquely positioned to provide institutional quality industrial space to small- and medium-size users seeking a premium location, 26-foot clear heights, ample dock loading, and access to key freeways serving DFW Airport and the Dallas Metroplex. The park is complementary to PSB’s existing Dallas, Texas, industrial and flex portfolio totaling 3.0 million square feet.
“Port America fits perfectly with our small bay industrial investment strategy. The combination of dock-served suites averaging 8,000 square feet, fee simple land in an irreplaceable location, and our best in class local operating platform should result in strong long-term growth for our stockholders,” said Mac Chandler, President and CEO of the Company. Click to read more at www.galvnews.com.
Texas Fifth Wall Roofing Systems Expands to Dallas
AUSTIN, Texas – Texas Fifth Wall Roofing Systems, an award-winning commercial roofing company, has expanded into the Metroplex to provide a base for supporting customer demand in Dallas and Fort Worth. Fifth Wall offers new construction, reroofing, repair, and maintenance services, working with a breadth of roofing materials to bring the highest value solutions to customers. Founded in Austin in 1973, this is Fifth Wall’s second market expansion, having opened an office in San Antonio in 2009 to support growing demand in the Alamo City and South Texas.
“Our growth strategy has always aligned to what our customers need from us, and for decades they have been bringing us to the four corners of the state,” said Todd Hewitt, Fifth Wall President. “Our business in the DFW market has grown to such a level to support sales and operations in the region, and Arlington is ideal for a centralized footprint.”
Fifth Wall has been building its team in the DFW area for the past year. Currently, the company has five team members dedicated to sales and estimating, and operations with additional shared statewide resources. As growth continues, Fifth Wall expects the team to grow significantly in 2022.
“When you look at the Austin and San Antonio skylines, you see a showcase of our work,” said Hewitt. “We intend to continue our investment in the DFW area to ensure we can make a similar impact.”
About Texas Fifth Wall Roofing Systems
Texas Fifth Wall Roofing Systems, founded in 1973, works with builders, tenants, owners, and their teams to protect assets and maximize capital investments by delivering the industry’s highest value through its roofing solutions. Fifth Wall connects expertise, process, service, delivery, and customer care to offer a business approach to roofing.
Headquartered in Austin, Texas, with DFW and San Antonio locations, Fifth Wall is an award-winning commercial roofer with more than 65 million square feet of installed commercial roofing across Texas. As a 24-year Carlisle ESP award recipient and a Firestone Master Contractor, Fifth Wall brings vast expertise to every roof installation and maintenance solution. Fifth Wall works with its customers beyond the bid, understanding the complexities of business and collaborating for success and value.
NewQuest Announces List of August Commercial Leases and Sales in South Texas
NORTH TEXAS LEASE
Crumbl Cookies has leased 1,540 sf of retail space in North Tarrant Marketplace, located at the intersection of North Tarrant Parkway and Precinct Line Road, North Richland Hills, from NewQuest Properties. Josh Friedlander and Kevin Sims of NewQuest Properties represented the landlord. Chris Corbin of Transwestern represented the tenant.
SOUTH TEXAS SALES
Sueba Land 123 LP has acquired 11.43 acres of raw land at the intersection of TX 6 and Fort Bend Tollway, Missouri City, from NQMF-FBTC Tract B LP. Andrew Alvis of NewQuest Properties represented the seller in the direct deal.
Sueba Development 211 LP has acquired 11.75 acres of raw land at the intersection of TX 6 and Fort Bend Tollway, Missouri City, from NQMF-FBTC Tract B LP. Andrew Alvis of NewQuest Properties represented the seller in the direct deal.
A-S 155 SEC Hwy. 6-Fort Bend Tollway has acquired 86.14 acres of raw land at the intersection of TX 6 and Fort Bend Tollway, Missouri City, from the estate of John C. Werner. Andrew Alvis of NewQuest Properties represented the buyer. Darin Gosda and Todd Casper of CBRE represented the seller.
SOUTH TEXAS LEASES
Executive Motor Group LLC has renewed a 4,500-sf commercial building at 13123 Kuykendahl Rd., Houston. Kevin Sims of NewQuest Properties represented the landlord, SIOP Enterprises LP, in the direct deal.
HH Nail Studio has leased 3,200 sf of retail space in Waterside Shopping Center, located at the intersection of West Grand Parkway S and South Mason Road, Richmond, from Bell 15 partners LLC. Nick Ramsey and Kevin Sims of NewQuest Properties represented the landlord. Rebecca Le of NewQuest Properties represented the tenant.
Jeremiah’s Italian Ice has leased 1,050 sf of retail space in Shops at Rock Creek, located at the intersection of Spring Cypress and Grant roads, Cypress, from NewQuest Properties. Andrew Alvis of NewQuest Properties represented the landlord. Karol Snyder of Moseley Commercial Real Estate represented the tenant.
Burlington Coat Factory has leased 25,015 sf of retail space in Fort Bend Town Center Phase II, located at the intersection of Fort Bend Parkway and TX 6, Missouri City, from NewQuest Properties. Andrew Alvis and Bob Conwell of NewQuest Properties represented the landlord. Greg Stackhouse of New Regional Planning represented the tenant.
Saltgrass Steak House has leased a 5,000-sf building at 8506 Syms St., Fulshear, from QSR Real Estate Holdings LLC. J.J. McDermott and David Meyers of NewQuest Properties represented the landlord in the direct deal.
TMH Physician Organization has leased 4,714 sf of medical office space in Brazos Town Center, located at the intersection of Interstate 69/US 59 and FM 762, Rosenberg, from NewQuest Properties. Bob Conwell and Austen Baldridge of NewQuest Properties represented the landlord. Coy Davidson of Colliers International represented the tenant.
Crust Pizza has leased 3,150 sf of retail space in Shoppes at Cypress Mill, 27008 Northwest Freeway, Cypress, from CYMILL Partners Ltd. Nick Ramsey and Ashley Strickland of NewQuest Properties and Lindsey McKean of SHOP Cos. represented the landlord. Brett Strake of NewQuest Properties represented the tenant.
MOD Pizza has leased 2,786 sf of retail space in Richmond Town Plaza, located at the intersection of Interstate 69/US 59 and FM 762, Richmond, from NewQuest Properties. Bob Conwell and Austen Baldridge of NewQuest Properties represented the landlord. Chris Reyes and Tyler Trevino of SHOP Cos. represented the tenant.
Infuzed Therapy has leased 1,260 sf of retail space in Brazos Town Center, Brazos Town Center, located at the intersection of Interstate 69/US 59 and FM 762, Rosenberg, from NewQuest Properties. Bob Conwell and Austen Baldridge of NewQuest Properties represented the landlord. Obinna Emukah of Realm Real Estate Professionals represented the tenant.