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

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

HOUSTON—Great Place to Work and Fortune magazine have named Transwestern one of the “100 Best Workplaces for Women” for the third consecutive year. Transwestern is the only third-party, full-service commercial real estate firm to be recognized.

DEAL TRACKER

BANDERA, TX—Lost Valley Mini Storage, a 38,475 rentable square foot self-storage, has sold. Jon Danklefs, senior associate, an investment specialist in Marcus & Millichap's San Antonio office, had the listing to market the property on behalf of the seller, a private investor. Lost Valley Mini Storage is located at 3383 Highway 16 South.

CLUTE, TX—Clute Affordable Storage, a 452-unit self-storage property located at 508 East Main St., has sold. Nicholas Ling, senior associate in Marcus & Millichap's Austin office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by Evan Griffith, first vice president investments, and Tony Pepdjonovic, senior associate, in Marcus & Millichap's Boston office. Built in 2002 on 2.4 acres, Clute Affordable Storage is located in the Lake Jackson MSA, approximately 50 miles south of Houston.

CONROE, TX—Plaza de Las Plamas, a 6,600-square-foot retail property has sold. The asset had a listing price of $1.165 million. The buyer, a limited liability company, was secured and represented by Gus Lagos, first vice president investments, and Nik Kapetanakis, associate, in Marcus & Millichap's Houston office. Plaza de Las Plamas is located at 203 East Davis St.

DENVER—Avesta Communities, a Tampa-based multifamily investment and management firm, has made a significant investment in the Denver area with the recent acquisition of the 276-unit luxury apartment community Altitude Westminster (formerly known as 9100 Vance). David Martin and Pamela Koster, mountain states regional partners of Moran & Company, represented the seller Waterton in the transaction. The sale closed earlier this month at contract price and four days ahead of schedule.

HOUSTON—Lee & Associates–Houston brokered the sale of a 29,740-square-foot industrial building sale in Greens Road Industrial Park located at 3040 Greens Rd. Patrick Wolford and Preston Yaggi of Lee & Associates–Houston represented the buyer, The Albion Crescent Revocable Trust, and Chase Cribbs and Mike Spears of Lee & Associates–Houston represented the seller, J-Kraft Inc.

HOUSTON—World Building Materials LLC purchased 7604 Kempwood Dr. from TTC Real Estate Holdings LLC. The recently renovated 82,943-square-foot building is located at the corner of Hempstead Road and Kempwood Drive. The property is approximately 50% office and 50% warehouse. Reed Vestal, Taylor Schmidt and Tim Thomas of Lee & Associates–Houston represented the seller, and Stephen Kuper and Preston Yaggi of Lee & Associates–Houston represented the buyer.

HUMBLE, TX—Lee & Associates–Houston represented Adkisson Group Inc. in the lease of a 7,500-square-foot industrial building in IAH Humble Business Center located at 1950 South Houston Ave. Chase Cribbs, Thomas Leger and Robert McGee of Lee & Associates–Houston represented the landlord.

GEORGETOWN, TX—Dollar General, a 9,014-square-foot net-leased property located at 5405 Williams Dr., has sold. Bruce Bentley III and Douglas Diffie, investment specialists in Marcus & Millichap's Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also secured by Bentley. Built in 2007 on 1.2 acres, Dollar General is built-to-suit construction with a corporately guaranteed lease.

MOORE, OK—The Shops at Moore, a 17,925-square-foot power center, has sold. Lisa Estrada, senior associate in Marcus & Millichap's Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Fort Worth.  The buyer, a limited liability company, was secured by a broker out of Oklahoma. Lending was provided from First National Bank of Oklahoma. The Shops at Moore benefits from its location adjacent to BestBuy, Hobby Lobby, AT&T, JC Penny, Office Depot, Bed Bath & Beyond, on the southeast corner of 19th Street and Interstate 35.

SEGUIN, TX—Seguin Corners, a 8,000-square-foot retail property, has sold. Chad J. Knibbe, first vice president, investment specialist in Marcus & Millichap's San Antonio office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. Seguin Corners is located at 350 South Highway 123 Bypass.

SUGAR LAND, TX—The Crossing at Telfair-Pad E, a 7,450-square-foot shopping center, has sold. Justin Miller, first vice president investments, Derek Hargrove, 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 local developer. The Crossing at Telfair-Pad E is located at 310 Highway 6.