“There are a number of industrial prospects looking at this market, and the buyers want to see how quickly they can put a couple of buildings in the ground,” Glime said. “This is a speculative project.”
The site is near a 93-acre tract where site preparation has started for a distribution center and warehouse, according to a building permit.
L&L Hawaiian Barbecue, a chain based in Honolulu that has grown to more than 200 locations serving Hawaiian-themed meals, has signed a lease on 1,700 square feet in Mary Avenue Market, 300 S. Sixth St, just blocks from Magnolia Market at the Silos, Glime said.
In a related move, a Dallas-based investment group has bought Mary Avenue Market, which was developed by another Dallas native, Marshall Stewman. Glime marketed the space, finding tenants including Hecho En Waco, Pie Peddlers, Iron Willow, Fox & Gray and Goodtimber Furnishings.
The building previously was home to Morrison Supply Co.
The UPS Store has bought the rambling former home of Iron Horse Gym, at 1714-1720 Franklin Ave. The 6,400-square-foot space built in 1957 was priced at $384,000, according to Coldwell Banker Commercial promotional material, which urged potential buyers not to be fooled by the exterior. The aging structure has a new roof; two spaces for occupancy recently were remodeled; and two other spaces received electrical and heating, ventilation and air-conditioning upgrades.