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Archives: January 2021

Stonelake picks up Houston industrial asset

HOUSTON – Stonelake Capital Partners has acquired a 127,513-sf industrial property from Graybar Electric​ Co.  Hannibal Industrial will lease the entire building. Boyd Commercial represented both the seller and buyer and negotiated the lease. ​​​ Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Houston-area industrial news​ ​​​​​Texas Quarterly Commercial Report ​Source: REBusiness […]

EPM Partners snaps up 1M-sf industrial property in Greenville

​​​​​GREENVILLE – Fritz Industries has sold a one​ million-sf industrial property to EPM Partners. The 100-acre site at 7121 Shelby Ave. consists of a 626,682-sf warehouse and a 418,482-sf manufacturing building. Binswanger brokered the deal. Meridian Capital Group arranged acquisition financing through Cerco Funding LLC.​ The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report […]

State unemployment rate down in December

​​​AUSTIN – Texas’ unemployment rate fell to 7.2 percent in December 2020, down from 8.1 percent in November 2020. According to the Texas Workforce Commission, the state added 64,200 nonfarm jobs last month. Texas’ private sector added 67,600​​​ positions. The national unemployment rate was 6.5 percent. Amarillo had the lowest nonse​asonally adjusted unemployment rate in the state​ at 4.9 […]

Partnership purchases Tuesday Morning portfolio

​​FARMERS BRANCH – M2G Ventures and Pennybacker Capital LLC have purchased a 1.19 million-sf industrial distribution portfolio from Tuesday Morning. The purchase includes: buildings at 4303, 14621, 14601, and 14639 Inwood Rd.; a facility at 4404 S. Beltwood Pkwy.; and  ​Tuesday Morning’s 105,000-sf headquarters at 6250 Lyndon B Johnson Fwy. in Dallas.​ Lee & Associates represented the new owners. […]

Litex planning new office, warehouse at DFW Airport

​EULESS – Grand Prairie-based Litex Industries is planning an office and distribution center within the DFW International Logistics Center. The 425,000-sf industrial facility at 901 20th Ave. near the airport is a project of Cabot Properties Inc. and Stream Realty Partners. The Texas Real Estate Research Center has more on DFW’s industrial market: ​​Texas Quarterly Commercial Report ​Dallas-Fort Worth-Arlington […]

Pasadena workforce housing trades hands

​​​​PASADENA​ –​​ Chicago-based 29th Street Capital has purchased a 300-unit workforce housing community near Beltway 8 and Port Houston. JLL represented the seller.  The Texas Real Estate Research Center​​​​ has more information like this online for free: ​​​​Texas Quarterly Apartment Report​​ Houston multifamily news online ​Source: REBusiness Online