Steady economic tailwinds push employment growth. The employment market pointed to an economy on firm footing in February as employers added the most jobs since July 2016 with 313,000 positions filled. Uncertainty pertaining to the changing tax and regulatory environment caused some companies to maintain cautious investment outlays, but the passage of tax reform has improved and inspired more firms to boost capital spending and hiring plans, according to a report by Marcus & Millichap.—Lisa Brown

NEWS AND NOTABLES

DALLAS—Westmount Realty Capital LLC announced that Dianna Hartwell has joined the company as director–due diligence. In this role, Hartwell will oversee the closing process for Westmount's industrial, multifamily and office acquisitions. Before joining Westmount, Hartwell spent 20 years managing commercial real estate transactions for Goldman Sachs and its subsidiary, Archon Group LP. Most recently, she served as vice president of the legal department for Goldman Sachs.

DEAL TRACKER

AUSTIN, TX—Haddad Legal Group leased 2,259 rentable square feet at Capital View Center. The tenant was represented by Bob Rein with Texas Investment Property Group and the landlord was represented by Steve Pannes with ECR.

AUSTIN, TX—Mist Systems leased 1,612 square feet at 260 Addie Roy Rd. Patrick Ley with ECR represented the landlord and Brad Buckman with Aquila Commercial represented the tenant.

AUSTIN, TX—Gen1 Research leased 1,350 square feet at Crystal Mountain Office park located at 9433 Bee Caves Rd. The landlord, SynerMark Properties, was represented by Patrick Ley and Haley Smith with ECR.

ALLEN, TX—JLL announced a new office lease for Dallas-based Verado Energy's new headquarters. One Bethany East will serve as the domestic oil and natural gas production company's new base of operations. The office park is planned for a mix of multi-tenant class-A office buildings and single-tenant build-to-suit class-A office buildings designed to meet the needs of larger tenants in a campus environment. JLL senior vice presidents Chris Doggett and Blake Shipley negotiated the 8,900-square-foot office lease on behalf of Kaizen Development Partners. Doggett and Shipley are leading the leasing and marketing efforts for the property. Fischer Company's Sharon Friedberg represented Verado Energy in the transaction. Allen Economic Development Corporation and the city of Allen were partners to the office park's development.

DALLAS—Fortview Chiropractic Clinic leased 323 rentable square feet of office space at Summit Point, located at 2512 S. IH-35. The landlord was represented by Steve Pannes and Jason Steinberg with ECR.

DALLAS—Southwest Business Corporation leased 2,665 rentable square feet of office space at the Wells Fargo Building located at 2028 E. Ben White Blvd. The landlord was represented by Rebecca Zigterman and Matt Levin with ECR and the tenant was represented by Alex Durham with Colliers International.

DALLAS—Marcus & Millichap announced the sale of Town Place & Castle Place, a 116-unit apartment portfolio. Al Silva, senior managing director investments and Ford Braly, senior associate in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the properties on behalf of the seller. Town Place & Castle Place are located at 3434 Hidalgo Dr. and 3627 Almazan Dr.

FORT COLLINS, CO–CBRE announced a 102,000-square-foot office lease for Madwire at 3405 South Timberline Rd. Peter Kast and Pete Kelly with CBRE represented the building's landlord, 2001 Danfield LLC. Located at the northwest corner of Timberline and Horsetooth, 3405 South Timberline Rd. was previously a chip manufacturing facility.

GARLAND, TX—Rowan Properties announces the exclusive listing of the Buckingham Court Apartments, a 53-unit value-add apartment community. Completed in 1983, the property is comprised of one-, two-, and three-bedroom apartments ranging from 420 to 1,022 square feet per unit. The property is situated on the southwest corner of Buckingham Road and Jupiter Road, and is located within Richardson Independent School District.

HOUSTON—NAI Partners recently arranged an office lease totaling 1,891 square feet at 8560 Katy Fwy. NAI Partners' Nick Terry, represented the tenant, Vertech USA, during the negotiations.

HOUSTON—NAI Partners' office project leasing team arranged a 2,452-square-foot office lease for USG Insurance Services, located at 13831 Northwest Fwy. The property was recently acquired by ManhattanLife, in a sale brokered by NAI Partners managing director Jon Silberman. NAI Partners' Zach Leger and Jacob Aldridge represented the landlord during the negotiations. Jeff Peltier with Colliers represented the tenant.

LEANDER, TX—STRIVE recently announced the sale of Xplor Preschool. The 15,000-square-foot building was built directly for Xplor in 2008. Jason Vitorino of STRIVE exclusively represented the seller. The buyer, represented by an outside agent, was a group of local Austin investors in a 1031-exchange.

ROUND ROCK, TX—Edward Jones leased 836 rentable square feet at 2201 Double Creek Dr. The tenant was represented by Kyle McCulloch with Stream and the landlord was represented by Steve Pannes with ECR.

SAN ANTONIO—Berkadia announces it has arranged the sale of Legacy Flats, a 311-unit garden-style class-A community. The firm represented the seller, Legacy Flats Ltd., a multifamily development firm based in San Antonio. Berkadia also represented the buyer, PEM Real Estate Group, a real estate investment and management firm based in Scottsdale, AZ. The professionals involved were senior managing director Ryan Epstein, senior director Will Caruth; managing director Mike Miller; associate director Cody Courtney; associate director Wes Breeding and associate Scott Bray.

BUILDING BLOCKS

AUSTIN, TX—Ridge, the industrial development arm of Transwestern Development Co., has completed construction on a 351,171-square-foot speculative industrial project in Southpark Commerce Center. Transwestern's Luke Wheeler and Nash Frisbie are leasing the three buildings. Ben Newell, senior vice president at Ridge, led the development team. Southpark Commerce Center will encompass 2.3 million square feet at final build-out. Ty Puckett and Josh Delk with Transwestern Development Co. led the development of the existing 1.6 million square feet at the park. The three class-A buildings are designed for multi-tenant use. Building I: 73,832-square-foot service center featuring 24-foot clear height, 50-by-50-foot column spacing, 24 dock doors and 203 parking spaces. Building I is 47% pre-leased to Urban Air. Building 2: 114,107-square-foot rear-load warehouse featuring 155-foot depth, 28-foot clear height, 50-by-50-foot column spacing, 34 dock doors and 170 parking spaces. Building 3: 162,232-square-foot, rear-load warehouse featuring 180-foot depth, 28-foot clear height, 50-by-45-foot column spacing, 43 dock doors and 157 parking spaces.

AUSTIN, TX—Transwestern announces the sale of 8.5 acres within the Austin Presidio development in northwest Austin. The buyer plans to build its second luxury multifamily community, consisting of 373 units and with an estimated project cost of more than $50 million. Transwestern senior vice president Steve Williamson represented both StreetLights and the seller, Austin 129 LLC, in the transaction. Other projects at Austin Presidio include Towne Place Suites Hotel by Marriott, recently opened by Tharaldson Hospitality, which will also open a Hilton Garden Inn Hotel currently under construction by the end of the year. David Weekley Homes is developing more than 200 townhomes at its Presidio Station project, with pricing for new homes averaging $400,000.

Instant Insights /

Middle Market Digest: This Week in the South and Mountain Regions

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