Here's a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

NEWS AND NOTABLES

DALLAS—Pacific Medical Buildings adds Ken Henry to its team as senior vice president–development. Henry will establish PMB's Dallas office and focus on expanding its healthcare development, acquisitions and management business throughout the central United States.

DALLAS—Westmount Realty Capital LLC announces that commercial real estate executive Michael Anderson has been promoted to the position of managing director-acquisitions. Anderson has been instrumental in building out the acquisition team and expanding the multifamily investment initiative for Westmount in Texas.

MCKINNEY, TX—Craig Ranch and McKinney Corporate Center Craig Ranch have named Ray Eckenrode, Appian Commercial Realty, as broker of the year. Eckenrode served as the broker for the Independent Bank new corporate headquarters announced in July, a $52 million deal that will ultimately employ 1,100 to 1,300 employees.

DEAL TRACKER

COLORADO SPRINGS, CO—CBRE facilitated the sale of The Preserve at Hidden Creek multifamily community located at 5910 Vista Ridge Point. Dan Woodward, David Potarf, Matt Barnett and Jake Young with CBRE Capital Markets, Colorado Multifamily Investment Properties, represented the seller, Griffis Blessing of Colorado Springs. The buyer, Pride Rock of West Palm Beach, FL, purchased the property.

DENVER—ARA Newmark sold Sunset Ridge, a 280-unit asset in Denver's tech hub for $65 million. The buyer was Castle Lanterra Properties of New York and the seller was WillMax Capital Management of Dallas. The brokers for the seller were vice chairmen Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews.

HOUSTON—STRIVE announced the sale of a Luby's Ground Lease. Located on Highway 59, Luby's was part of the 175,000-square-foot Mount Houston Square Shopping Center, but the asset was parceled off and replatted during the transaction. Additionally, Luby's had only 1.5 years remaining, but extended its lease during the process. STRIVE exclusively represented the out-of-state seller in the transaction. STRIVE also procured the local Houston buyer in the transaction. Additional terms of the sale were not released.

HOUSTON—STRIVE announced the sale of Dairy Queen, a net lease property. The property was to a pad site to Mount Houston Square Shopping Center, a 175,000-square-foot retail center. The Dairy Queen had to be replatted and released from the existing loan before the sale was finalized. It was under contract for nearly six months to accommodate the replat and release, and was sold simultaneously with the Luby's next door. Jason Vitorino of STRIVE exclusively represented the seller, an Atlanta developer, in the transaction. STRIVE also procured the buyer, a local Houston investor who owns several other single tenant properties. Additional terms of the sale were not released.

HOUSTON—CDI Corporation renewed a 19,337-square-foot office lease at Westchase Place, 11200 Richmond Ave. JLL's Bubba Harkins and Russell Hodges represented the landlord, CREA Investments, in the transaction. Jon Lee with CBRE represented the tenant.

OKLAHOMA CITY—CBRE announces Tom + Chee, a fast casual grilled cheese and soup restaurant, has leased 1,400 square feet in Quail Springs Marketplace for its first location in Oklahoma.

SAGINAW, TX—Industrial Outdoor Ventures has acquired the largest managed truck and trailer parking lot in the US from Norco Trucking Corporation. The sale price was not disclosed. The 44-acre lot is located at 1353 Jarvis Rd. and features 1700 parking spaces for trucks, trailers, containers and chassis. It is fenced and staffed by 24/7 security 365 days a year. It is strategically located near Alliance Business Park, the BNSF intermodal and Alliance Airport. Immediate improvement plans for the Saginaw facility include additional site lighting, upgraded surveillance cameras, upgraded staff facilities and implementation of Depot Systems, a well-known equipment tracking platform that allows transportation companies and shippers to track equipment moves.

Here's a look at the trends, announcements and deals you may have missed at the mid-week point in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

NEWS AND NOTABLES

DEAL TRACKER

OKLAHOMA CITY—CBRE announces Tom + Chee, a fast casual grilled cheese and soup restaurant, has leased 1,400 square feet in Quail Springs Marketplace for its first location in Oklahoma.

Instant Insights /

Middle Market Digest: Mid-Week in the South and Mountain Regions

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