HOUSTON — HFF has negotiated the sale of Bammel Business Park, a five-building industrial property totaling 246,450 square feet in Houston. The Class A property, which is situated on 14.1 acres at 410-4822 N. Sam Houston Parkway West, features 24-foot clear heights, dock-high loading doors and 12.6 percent office finish. Rusty Tamlyn and Trent Agnew of HFF represented the seller, FR/Cal Bammel, in the transaction. Philadelphia-based Exeter Property group purchased the asset for an undisclosed..
ARLINGTON, TEXAS — Inland Real Estate Acquisitions Inc. has acquired the Kleiman/Evangelista Eye Center, a 27,500-square-foot medical office building located at 350 E. Interstate 20 in Arlington. Built in 2015, the center is the only one of the practice’s three locations provides patients with same-day surgicare and expanded treatments beyond Lasik surgery. The company, which is the purchasing arm of The Inland Real Estate Group of Cos. Inc., also helped broker the sale. ..
FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of Solaris Ranch, an 80-unit apartment complex located at 9417 Michael Drive in Fort Worth. Al Silva and Mark McCoy of Marcus & Millichap represented the seller, a California-based investment firm, in the transaction. Silva, McCoy and Ford Braly, also of Marcus & Millichap procured the buyer, an out-of-state partnership.
NEW BRAUNFELS, TEXAS — San Antonio-based developer Koontz Corp. has broken ground on a 10-acre office project within Sundance Business Park in New Braunfels. The two-phase project will deliver approximately 120,000 square feet of office space, with Phase I targeting an April 2018 completion. The company is also developing a 313-unit multifamily property located across the street.
HOUSTON — HH&S Hospitality LLC has purchased Candlewood Suites Houston Medical Center, an 80-room hotel located at 10025 Main St. in Houston. The Houston-based lodging investment firm will spend an unspecified amount in renovations to the hotel’s common areas and rooms. Friendwood, Texas-based Pika Hotel Group sold the property to HH&S for an undisclosed price.
PLANO, TEXAS — EDGE Realty Capital Markets has brokered the sale of a 12,205-square-foot, two-tenant retail property located at the intersection of Dallas North Tollway and West Park Boulevard in Plano. The property is leased to Mattress Firm and Elite Care ER. Stroud Arthur of EDGE represented the seller, G Whis/Park Place LLC, in the transaction.
PLANO AND CARROLLTON, TEXAS — Dallas-based development firm Billingsley Co. has received $110 million in refinancing for a seven-building, 801,153-square-foot portfolio of office properties located within the 50-acre International Business Park in Plano and Carrollton. Built between 1997 and 2001, the buildings are 87 percent leased. Trey Morsbach and Jim Curtin of HFF arranged the three-year, floating-rate loan through Ares Commercial Real Estate Corp.
SAN ANTONIO — Dallas-based private equity firm Velocis has acquired Legacy Oaks, a 224,262-square-foot, Class A medical office adjacent to the 900-acre South Texas Medical Center in San Antonio. The seven-building complex, which recently underwent capital improvements, was 75 percent leased at the time of sale to healthcare providers such as Baptist Health System and MEDNAX.
SAN ANTONIO, MIDLAND AND ODESSA, TEXAS — Starwood Capital Group has arranged $35.8 million in financing for seven retail properties located in San Antonio, Midland and Odessa. The portfolio spans 308,328 square feet and is 95 percent leased, collectively. Todd McNeill of Metropolitan Capital Advisors Ltd. arranged the fixed-rate loan, which features a fixed 5.45 percent interest rate and a 30-year amortization schedule, on behalf of the borrower, a tenants-in-common partnership.
THE WOODLANDS, TEXAS — Everson Developments is building a 51,000-square-foot, Class A medical office property at 123 Vision Park Blvd. in The Woodlands. The three-story building will be situated on 3.5 acres with access to several nearby hospitals, including Memorial Hermann The Woodlands Hospital and Houston Methodist The Woodlands Hospital. Construction is expected to be complete by the end of 2018. The J. Beard Co. is handling preleasing of the building