Transwestern reports the industrial real estate market had another banner year, based in large part to consumer confidence, which hit a 17-year high in December. According to the company's year-end national industrial report, the US market had its eighth consecutive year of growth in 2017, marking 31 consecutive quarters of positive absorption and 29 consecutive quarters of declining vacancy.—Lisa Brown

NEWS AND NOTABLES

DALLAS—Crescent Real Estate LLC announced the return of Julie Young to Crescent as general manager of The Crescent. Young returns to Crescent after working as associate director at CBRE since 2006. At CBRE, she directly managed the 1.2 million-square-foot KBS Realty portfolio and supervised 10 CBRE managers responsible for more than 8 million square feet of class-A property in Dallas. In addition to serving on the BOMA Dallas board, Young is a past president of Commercial Real Estate Women (CREW) Dallas and is a board trustee with the Dallas Women's Foundation, as well as chairing several charitable events in Dallas.

DALLAS—Capview Partners LLC has expanded its team with the addition of Mark Manheimer as managing director and CIO, where he will lead investment and fund management. Manheimer has 20 years of experience in asset management, acquisitions, dispositions, due diligence and structured sale leasebacks in the single-tenant net lease retail segment.

HOUSTON—CBRE has appointed Lori Bryant as managing director of asset services in Houston where she is responsible for office, industrial, retail and healthcare properties totaling more than 30 million square feet under management and nearly 350 employees. Bryant has been involved in real estate management for more than 35 years and is returning to Houston after managing CBRE's asset services line of business for Oklahoma and Arkansas.

DEAL TRACKER

ALEDO, TX—Fort Capital has purchased 175-213 Bear Cat, a 42,539-square-foot industrial property at 175 Bear Cat Rd. Transwestern principals Jeff Givens and Todd Hawpe represented the buyer.

ARANSAS PASS, TX—Marcus & Millichap announced the sale of Hawthorn Suites Aransas Pass, a 61-room hospitality property. Andrew B Frosch, senior associate in Marcus & Millichap's Houston office, Allan Miller, first vice president investments in Marcus & Millichap's Austin office, and Chris Gomes, senior managing director investments in Marcus & Millichap's Dallas office, had the exclusive listing to market the property on behalf of the seller. Hawthorn Suites Aransas Pass is located at 501 East Goodnight Ave.

ARLINGTON, TX—OMG Thermoforming Inc. leased 11,607 square feet at 3407 Avenue D. Canon Shoults and Clay Balch of Holt Lunsford Commercial represented the landlord, ATCAP Partners. Kurt North of North Pointe Commercial Realty Services represented the tenant.

AUSTIN, TX—Bare Body Spa leased 1,226 square feet at 1910 W Koenig Ln. The landlord was represented by Hayden McCarty with ECR.

AUSTIN, TX—The state of Texas leased 19,707 rentable square feet at Lavaca Plaza, located at 504 Lavaca. The landlord was represented by Jason Steinberg and Matt Levin with ECR, and the tenant was represented by Jerry Frey, Eric Dejernett and Burke Kennedy with CBRE.

BEDFORD, TX—Quatris LLC has signed a new lease for 4,000 square feet of office space at 3301 W. Airport Fwy. Transwestern principal Leland Prowse and Associate Jason Harrell represented the tenant in the transaction. Renee Efimoff and J.P. Humphrey III of CBC Advisors represented the landlord, Leasing On A Jet Plane LLC.

DALLAS—Sunrise Wood Designs LLC leased 135,405 square feet at 8801 Autobahn Dr. Canon Shoults and John Gorman of Holt Lunsford Commercial represented the landlord, TA Associates. Michael Chiocca of CBRE represented the tenant.

DALLAS—AAA Candle Supply Inc. expanded into 11,590 square feet at 10460-10474 Brockwood Rd. Josh Barnes and Ben Wallace of Holt Lunsford Commercial represented the landlord, Taurus Investment Holdings LLC. Barret Bufkin of ESRP represented the tenant.

DALLAS—Nevitt Fragrances Inc. renewed its 6,960-square-foot lease at 10460-10474 Brockwood Rd. Josh Barnes and Ben Wallace of Holt Lunsford Commercial represented the landlord, Taurus Investment Holdings LLC. Barret Bufkin of ESRP represented the tenant in the transaction. Robert Sawyer and John Jinx of Formations Real Estate represented the seller.

EULESS, TX—1006 Pamela LLC sold 1006 Pamela Drive, a 10,080-square-foot industrial property, to Complete Maintenance Inc. Transwestern principal Jeff Givens represented the seller in the transaction.

FORT WORTH—Fossil Creek Realty Inc. sold 5250 Campus Dr., a 4.2-acre site, to Cidema Three LP. Transwestern principals Jeff Givens and Todd Hawpe represented the buyer in the transaction. Will Martin of W. Martin & Co. represented the seller.

FORT WORTH—North American Sealing Solutions has signed a new lease for 21,760 square feet of industrial space at 4116 Cockrell Ave. Transwestern principals Jeff Givens and Todd Hawpe handled the transaction with the landlord, AQUILA Commercial LLC.

FORT WORTH—Bassham Wholesale Egg Co. has renewed and expanded its lease for 16,000 square feet of industrial space at 110 E. Felix St. Transwestern principals Jeff Givens and Todd Hawpe represented the landlord, Adder Felix Ltd. Partnership, in the transaction.

FORT WORTH—E-Mist Innovations Inc. has signed a new lease for 5,970 square feet of flex space at 2222 Wenneca Ave. Transwestern principals Jeff Givens and Todd Hawpe represented the tenant in the transaction. J. Scott Moore of CBRE represented the landlord, Martin Lackland LLC.

FORT WORTH—Draeger Inc. has signed a new lease for 3,000 square feet of industrial space at 220 S. Sylvania Ave. Transwestern principal Todd Hawpe represented the landlord, 220 Sylvania Partners LLC, in the transaction.

FORT WORTH—Guild Mortgage Company has signed a new lease for 2,502 square feet of office space at the Frost Bank Building, 4200 S. Hulen. Transwestern principal Whit Kelly and associate Jason Harrell represented the landlord, Frost Bank Office Building, in the transaction.

NORTH RICHLAND HILLS, TX—Meacham Development sold 8605 Airport Freeway, a 5,862-square-foot retail property to Buttercup LLC. Transwestern principal Jeff Givens represented the seller in the transaction. Lee Wagner of Site Selection Group represented the buyer.

RICHLAND HILLS, TX—Recoja Charitable Productions has extended its lease for 4,818 square feet of office space at 6702 Davis Blvd. Transwestern director Frank Jester represented both parties in the transaction.

SAN ANTONIO—NAI Partners arranged a 6,780-square-foot industrial lease expansion for Bargain Depot at Loop 410 at Jackson Keller located at 2200-2206 NW Loop 410. NAI Partners' Mitchell Lyons and Joshua Swank represented the landlord, Huebner Boneem LP, during the negotiations.

THE WOODLANDS, TX—NAI Partners arranged an 8,050-square-foot lease for Lonestar Products and Equipment at 28242 Robinson Rd. Nick Terry, a recent addition to the company's office tenant rep group, represented the owner during the negotiations.

THE WOODLANDS, TX—NAI Partners arranged a short-term lease extension totaling 5,617 square feet at 1450 Lake Robbins Dr. NAI Partners' Nick Terry, a senior associate with the office tenant rep team, represented the tenant, Independence Oilfield Chemicals LLC, during the negotiations. The deal was a short-term extension to allow the tenant to complete construction on its recently leased 23,500-square-foot combined office and lab space in The Woodlands, in a transaction that was also arranged by Terry.

BUILDING BLOCKS

ROWLETT, TX—Tom D'Alesandro is leading the development of Bayside, a 262-acre regional landmark that serves as the eastern gateway to the Dallas-Fort Worth Metroplex with miles of shoreline on Lake Ray Hubbard. D'Alesandro has more than 25 years of experience in the supervision of real estate development companies. D'Alesandro's projects include 60 income-producing office, retail, industrial, residential and hospitality buildings measuring nearly 17 million square feet of space and representing investments of $3.5 billion.

Instant Insights /

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