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Deal Ticker: Fast-Growing Robot Tech Company Plots McKinney Headquarters


Deal Ticker: Fast-Growing Robot Tech Company Plots McKinney Headquarters
Plus: The Offices Three at Frisco Station lands first tenant, Taco Lingo breaches the traditional city borders with Plano location,
Robin Autopilot, a leader in robotic mowing technology and the robotics as a service (RaaS) platform, announced that it would be consolidating its corporate headquarters with its recently acquired franchise business, North Carolina-based Mowbot and relocating to McKinney. Robin’s new headquarters will initially occupy 10,000 square feet with an option to expand at 7850 Collin McKinney Pkwy.
Robin was represented throughout the selection process by CBRE, led by Rene Castillo, and Jackson Walker, led by Luke Franz. Robin is one of the many tech companies that have recently announced their expansion or relocation into McKinney via the Innovation Fund; other startups like Alanna.ai, MyTelemedicine, and ContraForce also recently opened headquarters in the city. ....

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California investor grabs Plano retail center


California investor grabs Plano retail center
BH Properties acquires Preston Shepard Place near Park Boulevard.
Preston Shepard Place is on Plano Road near Park Boulevard.(BH Properties )
A Los Angeles-based investor has snapped up a large Plano shopping center.
BH Properties bought Preston Shepard Place, a 31-acre retail center on Preston Road in Plano.
Built in 1995, the 361,780-square-foot shopping center at Old Shepard Place is anchored by Marshalls, Burlington and Tuesday Morning stores. The property was just 55% leased at the time of sale due to recent retailer bankruptcies and closings.
The new owner plans to make changes to the shopping venue and increase occupancy over the next 12 to 18 months. ....

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This Week's LA Deal Sheet (May 5, 2021)


Chicago-based Clayco has announced that the firm is expanding its operations and establishing a West Coast regional office in Culver City. As part of that expansion, the firm has hired Rob Jernigan and Emery Molnar to join Clayco as senior vice presidents. 
Courtesy of Clayco
A Clayco project in San Diego called Project Arcilla.
The real estate, architecture, engineering, design-build and construction firm has completed several billion dollars of work on projects along the West Coast, and still has a backlog of over $2B across Washington, Oregon, California, Nevada and Arizona, according to a release announcing the expansion.
Jernigan comes to Clayco from architectural firm Gensler, where he was a managing principal. He will be Clayco’s senior vice president of integrated services and will be responsible for accelerating growth on this coast. Molnar, whose new title will be senior vice president for the Clayco Pacific Region, previously served at the ....

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Jones Lang LaSalle Incorporated : Infill Atlanta industrial properties seeing unmatched demand


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ATLANTA, Apr. 29, 2021 -JLL Capital Markets announced today that it has closed the sale of two fully leased, infill industrial facilities in highly sought-after logistical locations just outside of Atlanta s I-285 perimeter, demonstrating continued demand for infill assets proximate to dense population centers.
JLL marketed the property at 1235 Commerce Rd. on behalf of the seller, BH Properties. Faropoint purchased the asset. 5351 Royal Woods Pkwy. was marketed on behalf of AIC Ventures, and Welcome Group LLC acquired the asset.
As older, obsolete industrial product inside of the I-285 perimeter is increasingly demolished or redeveloped into other uses, urban infill markets are experiencing a shortage of supply, resulting in demand levels never seen before. Industrial inventory within the I-285 perimeter has decreased by more than 30% over the past 20 years, leading to consistent flight to alternate infill areas such as Morrow ....

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