HOUSTON — AMD Global LLC and partner Medical Center Developments have purchased St. Joseph Medical In The Heights, a six-story, 192,077-square-foot hospital situated on 3.9 acres at 1917 Ashland St. in Houston. AMD plans to renovate the property to include a neonatal unit, pediatric offices, a full orthopedics center and a wound care center.
FORT WORTH, TEXAS — Transpacific Development Co. (TDC) has acquired a 713,000-square-foot, Class A distribution center currently under construction at 3000 Cantrell Sansom Road in Fort Worth. DHL Real Estate Solutions is developing the property, which is scheduled for an early August completion and is 80 percent preleased to anchor tenant Campbell Soup Supply Co. Nathan Lawrence, Ryan Keiser, Seth Kelly, Jon Sarkisian and Bill Wolf of CBRE represented Campbell Soup in its 578,000-square-foot..
DESOTO, TEXAS — Tailored clothing manufacturer Trybus Group has opened its new 145,106-square-foot headquarters in the Dallas metro of DeSoto. The property features 7,783 square feet of office space and about 137,000 square feet of warehouse space. The warehouse includes 32-foot clear heights, 22 truck bays and more than eight miles of custom-designed railways. Bob Moore Construction served as general contractor on the project.
BRYAN, TEXAS — Marcus & Millichap has brokered the sale of Mid Town Center, an 18,412-square-foot retail center located at 3800 S. Texas Ave. in Bryan. Located approximately one mile from Texas A&M University, the property was 85 percent occupied at the time of sale. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Gus Lagos and Evan Altemus, also with Marcus & Millichap, procured the buyer, a..
AUSTIN, TEXAS — Equitable Commercial Realty (ECR) has negotiated a 23,000-square-foot lease at the Offices at Wells Branch, a 41,000-square-foot flex property located at 13801 Burnet Road in Austin. Tom Pagel and Patrick Ley of ECR represented the landlord in the transaction. Brian Haas of KW North Austin Commercial represented the tenant, Responsive Education Solutions Inc., a charter school based in the Dallas area.
AUSTIN, TEXAS — New York Life Real Estate Investors has originated a $123.2 million mortgage loan for Frost Bank Tower, a 535,964-square-foot, Class A office building located at 401 Congress Ave. in Austin. Completed in 2003, the 33-story property is among the tallest buildings in Austin. New York Life arranged the loan, which has a fixed interest rate and a seven-year term, on behalf of a group of undisclosed institutional investors.
MESQUITE, TEXAS — Monmouth Real Estate Investment Corp. a publicly traded, New Jersey-based investment firm, has acquired a 351,874-square-foot, Class A industrial property in the Dallas-Fort Worth metro of Mesquite for approximately $50.6 million. Situated on 65 acres at 5005 Samuell Blvd., the property is net-leased for 15 years to FedEx Ground Packaging System.
MAGNOLIA, TEXAS — Marcus & Millichap has brokered the $4 million sale of a 19,054-square-foot retail property leased to Aldi located at the intersection of FM1488 and Conroe Huffsmith Road in Magnolia, about 45 miles north of Houston. Nate Newman and Vincent Knipp of Marcus & Millichap represented the seller, an undisclosed developer, in the transaction. Other terms of sale were not released.
DENTON, TEXAS — Dallas-based BMC Capital has arranged $13.5 million in refinancing for a 148-unit multifamily property located off Nottingham Drive in the North Texas city of Denton. Brian Gramlich of BMC Capital arranged the loan, which features a 10-year term and a 25-year amortization schedule. The names of the property, lender and borrower were not disclosed.
KATY, TEXAS — PCL Industrial Construction will relocate its headquarters to a 36,596-square-foot office space within the Grandway West development in Katy. The company will occupy the second floor of Building 4, a 72,045-square-foot, Class A property, which is located at 2322 W. Grand Parkway. Eugene Terry and David Bale of JLL represented PCL in the lease negotiations. Parker Burkett of Transwestern represented the landlord, Insite Realty.