Dallas
Dallas Shopping Center Changes Hands
Kite Realty Group sold a 208,000-square-foot retail center in Dallas to Rainier Realty Investment. At the time of sale, Wheatland Towne Crossing was 92 percent occupied.
TIER REIT Buys Big in TX, Sells in KY
The company acquired a Class A office asset in Plano for $123.3 million and sold a portfolio in Louisville, Ky., for $71.5 million.
Monmouth Acquires East Dallas Industrial Facility
Monmouth Real Estate Investment Corp. purchased a 352,000-square-foot industrial building in Mesquite, Texas. The property changed hands for $50.6 million.
NETSCOUT to Relocate to North Dallas Next Year
NETSCOUT will occupy a 145,000-square-foot office building in Allen, Texas, expected to open in summer 2018. The company will relocate more than 500 employees in the process.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.
GM to Open New Arlington Supplier Park Next Year
General Motors selected Bob Moore Construction as the general constructor for the new Arlington Automotive Logistics Center. The two-building facility is scheduled for completion next year.
Westmount Welcomes New Director
Andrew Martin has 10 years of investment management and commercial real estate experience, with a focus on raising capital. In his new role, he will work for the company’s private capital investors.
Dallas Industrial Facility Changes Hands
Dalfen America Corp. has purchased a 420,000-square-foot warehouse/distribution center in Dallas, as well as more than 12 acres of land. The facility offers 140,000 square feet of climate-controlled space.
Arlington Retail Asset Changes Hands
A private investor sold an 87,900-square-foot, five-building shopping center in Arlington, Texas. Bill Jordan of Marcus & Millichap represented the seller and secured the buyer.
Kraft Heinz Inks 261 KSF Lease in Garland, TX
With the new lease, The Kraft Heinz Co. becomes the largest tenant at Logistics Pointe Distribution Center. The lease includes 90,000 square feet of cold-storage.