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

The lines are becoming blurred when it comes to industrial tenant/users. In examining the 2,300-plus tenants with more than 50,000 square feet of industrial space in DFW that make up this breakdown, retail, ecommerce and consumer products come through as a clear regional strength, although perhaps tallied in a variety of SIC categories depending on the corporation, according to a recent report by JLL. Such is the case with construction and that ilk. The takeaway is that DFW's industrial market is extremely diverse and has numerous drivers shaping demand due to North Texas' central US location, large economy as a top five metro, and exceptional regional and interstate access through its road network, multiple logistics hubs, rail and air, says JLL.—Lisa Brown

DEAL TRACKER

AUSTIN, TX—Legend Communities and Crescent Communities hosted the Spring 2017 Home Builders Association of Greater Austin parade of homes tour VIP preview event and awards ceremony last month at The Peninsula at Rough Hollow.

BROOKSHIRE, TX—Lee & Associates-Houston represented Clover RE LLC in the leasing of a 10,000-square-feet industrial warehouse lease at 34153 Sunset Lane. Patrick Wolford and Preston Yaggi of Lee & Associates represented the landlord, and Chris Caudill of NAI Partners represented the tenant, KSSM Industries LLC.

DALLAS—Rowan Properties announces the closing of the 72-unit Spring Creek Apartments. Rowan Properties represented both the seller, a long-term California-based owner and the purchaser, a local investment group.

DALLAS—Addison-based Biel Partners recently brokered the purchase of a 14,000-square-foot office building for local company, NoPiers.com. The newly acquired building will serve as the NoPiers.com company headquarters office as well as an investment property.

HOUSTON—Newly inked tenants at The Market at Springwoods Village, which opens in fall 2017, include the following: Jinya Ramen Bar will be taking nearly 2,800 square feet of space brokered by John Nguyen of Newquest; Natural Pawz will be taking nearly 1,900 square feet of space and opening sometime fall/late 2017, brokered by Ben Brown of Baker Katz; Edible Arrangements will be taking nearly 1,400 square feet of space and opening in fall/late 2017; and Zoe's Kitchen, headquartered in Plano, TX, will be taking 2,800 square feet of space and also opening in fall/late 2017, brokered by Traci Holman of Baker Katz.

HOUSTON—Houston-based Baker Katz completed a lease on behalf of Pet Supplies Plus.

HOUSTON—Copper Grove Shopping Center, a 36,645-square-foot retail property located at the northwest corner of Highway 6 North and Huffmeister Road near Highway 290, has sold. Tenants include Spec's Liquor, Pinch A Penny, Boost Mobile and a number of medical practices. It has a prime location just north of the 1,800-acre Copperfield master planned community on a corner where both of its streets intersect with Highway 290. The property has 14 tenants and is 100% leased. The asset had a list price of $8.22 million. Jerry Goldstein, senior managing director investments in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. Copper Grove Shopping Center is located at 8955 Highway 6 North.

STAFFORD, TX—Lee & Associates–Houston represented TEAM Land Investments LLC in the sale of 12810 Century Dr. Lee principals Taylor Schmidt and Reed Vestal represented the seller, and Richard Glass of CRC Real Estate represented the buyer, GER2 LLC.

TEXAS CITY, TX—Core Labs NNN , a 6,300-square foot net-leased property, has sold. Derek Hargrove, first vice president investments, Justin Miller, first vice president investments, and Davis Hansen, associate in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Hargrove, Miller and Hansen. Core Labs NNN is located at 220 Texas Ave.

BUILDING BLOCKS

AUSTIN, TX—Ridge, the industrial development arm of Transwestern Development Co., has broken ground on a 24.17-acre site that will house a 351,171-square-foot speculative project in Southpark Commerce Center in southeast Austin. Transwestern's Luke Wheeler and Greg Johnson are leasing the three industrial buildings slated for delivery in fourth quarter 2017.

The lines are becoming blurred when it comes to industrial tenant/users. In examining the 2,300-plus tenants with more than 50,000 square feet of industrial space in DFW that make up this breakdown, retail, ecommerce and consumer products come through as a clear regional strength, although perhaps tallied in a variety of SIC categories depending on the corporation, according to a recent report by JLL. Such is the case with construction and that ilk. The takeaway is that DFW's industrial market is extremely diverse and has numerous drivers shaping demand due to North Texas' central US location, large economy as a top five metro, and exceptional regional and interstate access through its road network, multiple logistics hubs, rail and air, says JLL.—Lisa Brown

DEAL TRACKER

AUSTIN, TX—Legend Communities and Crescent Communities hosted the Spring 2017 Home Builders Association of Greater Austin parade of homes tour VIP preview event and awards ceremony last month at The Peninsula at Rough Hollow.

BROOKSHIRE, TX—Lee & Associates-Houston represented Clover RE LLC in the leasing of a 10,000-square-feet industrial warehouse lease at 34153 Sunset Lane. Patrick Wolford and Preston Yaggi of Lee & Associates represented the landlord, and Chris Caudill of NAI Partners represented the tenant, KSSM Industries LLC.

DALLAS—Rowan Properties announces the closing of the 72-unit Spring Creek Apartments. Rowan Properties represented both the seller, a long-term California-based owner and the purchaser, a local investment group.

DALLAS—Addison-based Biel Partners recently brokered the purchase of a 14,000-square-foot office building for local company, NoPiers.com. The newly acquired building will serve as the NoPiers.com company headquarters office as well as an investment property.

HOUSTON—Newly inked tenants at The Market at Springwoods Village, which opens in fall 2017, include the following: Jinya Ramen Bar will be taking nearly 2,800 square feet of space brokered by John Nguyen of Newquest; Natural Pawz will be taking nearly 1,900 square feet of space and opening sometime fall/late 2017, brokered by Ben Brown of Baker Katz; Edible Arrangements will be taking nearly 1,400 square feet of space and opening in fall/late 2017; and Zoe's Kitchen, headquartered in Plano, TX, will be taking 2,800 square feet of space and also opening in fall/late 2017, brokered by Traci Holman of Baker Katz.

HOUSTON—Houston-based Baker Katz completed a lease on behalf of Pet Supplies Plus.

HOUSTON—Copper Grove Shopping Center, a 36,645-square-foot retail property located at the northwest corner of Highway 6 North and Huffmeister Road near Highway 290, has sold. Tenants include Spec's Liquor, Pinch A Penny, Boost Mobile and a number of medical practices. It has a prime location just north of the 1,800-acre Copperfield master planned community on a corner where both of its streets intersect with Highway 290. The property has 14 tenants and is 100% leased. The asset had a list price of $8.22 million. Jerry Goldstein, senior managing director investments in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a partnership. Copper Grove Shopping Center is located at 8955 Highway 6 North.

STAFFORD, TX—Lee & Associates–Houston represented TEAM Land Investments LLC in the sale of 12810 Century Dr. Lee principals Taylor Schmidt and Reed Vestal represented the seller, and Richard Glass of CRC Real Estate represented the buyer, GER2 LLC.

TEXAS CITY, TX—Core Labs NNN , a 6,300-square foot net-leased property, has sold. Derek Hargrove, first vice president investments, Justin Miller, first vice president investments, and Davis Hansen, associate in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Hargrove, Miller and Hansen. Core Labs NNN is located at 220 Texas Ave.

BUILDING BLOCKS

AUSTIN, TX—Ridge, the industrial development arm of Transwestern Development Co., has broken ground on a 24.17-acre site that will house a 351,171-square-foot speculative project in Southpark Commerce Center in southeast Austin. Transwestern's Luke Wheeler and Greg Johnson are leasing the three industrial buildings slated for delivery in fourth quarter 2017.