MANTECA, CALIF. — CenterPoint Properties plans to develop a 404,600-square-foot industrial facility at CenterPoint Intermodal Center in Manteca, just south of Stockton. The build-to-suit project will be situated on 25 acres adjacent to the domestic Union Pacific Intermodal. CenterPoint is building the facility for 5.11 Tactical, a brand of tactical apparel and gear.
LEWISVILLE, TEXAS — Metropolitan Capital Advisors Ltd. has arranged a $25.9 million in first mortgage financing for Phase III of Hebron 121 Station Apartments, a Class A, mixed-use property in Lewisville. Upon completion, the development will consist of 1,825 apartments and 125,000 square feet of office, retail, restaurant and medical space. Roger Wyche of Metropolitan Capital Advisors placed the three-year, floating-rate loan with a single one-year extension option and a 12-month lockout period.
FRISCO, TEXAS — Stream Realty Partners has announced plans for a new, 152,00-square-foot development in Frisco Park 25, a 216-acre, master-planned business and industrial park located at Preston Road at Rockhill Parkway in Frisco. PowerSecure Lighting, a manufacturer of LED lighting products, will anchor the Class A development with a 76,000-square-foot lease. Cannon Green and Bob Hagewood of Stream will oversee leasing of the project, which is slated to launch in 2018.
CARROLLTON, TEXAS — The Vitorino Group has closed the sale of Hebron Parkway Shopping Center, a 17,836-square-foot strip retail center in Carrollton, a northern suburb of Dallas. Bryce Gissler of Vitorino Group listed the property on behalf of the seller, an undisclosed private investor. The name and representative of the buyer, also a private investor, were not disclosed. The property was 100 percent leased at the time of sale.
HOUSTON — Colliers International Group Inc. has closed the sale of 5722 Fairdale, a 5,000-square-foot, freestanding flex building in the Woodlake/Briar Meadow neighborhood in west Houston. Jason Scholtz of Colliers represented the seller, Birmingham Rail & Locomotive Co. Inc. The name and representative of the buyer, a private investor, were not released.
PLANO, TEXAS — EDGE Realty Capital Markets has arranged the sale of 5212 Village Creek, a 7,979-square-foot office property located at the corner of Preston Road and President George Bush Turnpike in Plano. Brandon Crow of EDGE represented the undisclosed seller in the transaction, and Matt Fulgham represented the buyer, Wynmark Commercial, a brokerage firm specializing in healthcare and medical office properties.
OVERLAND PARK, KAN. — NorthMarq Capital has arranged a $46.5 million loan for the acquisition of Residences at Prairiefire in Overland Park. The 426-unit multifamily property is located at 5750 W. 137th St. The 10-year loan features a 30-year amortization schedule. NorthMarq arranged the financing through Fannie Mae. The borrower was a joint venture between a local Kansas City-based sponsor and a national private equity real investment manager. The private equity firm invested on behalf of a large municipal retirement fund.
MUNSTER, IND. — Vista Capital Co. has arranged a $9.3 million loan for the refinancing of the Hampton Inn & Suites in Munster. Opened in 2004, the 91-room hotel is located 25 miles from Chicago. A European-based investment bank provided the 10-year loan. The borrower was not disclosed.
OMAHA, NEB. — Darland Construction Co. has partnered with BCDM Architects and Omaha Public Schools to build a school for students with special needs. J.P. Lord School will be relocated from its current location at the University of Nebraska Medical Center’s main campus to a new location near 45th and Marinda streets. The 45,000-square-foot school will feature handicap accessible hallways and classrooms, multi-sensory elements, a therapy pool and mobility devices throughout. The school serves students ages five to 21, and the new location is slated to open in the fall of 2018.
TOPEKA, KAN. — Simmons Pet Foods has signed a 42,960-square-foot industrial lease in the Forbes Industrial Park in Topeka. The building is located at 7215 SW Topeka Blvd. Jerry Fogel of Kessinger/Hunter negotiated the lease transaction. The Arkansas-based pet food manufacturer also maintains an operations plant in Emporia, Kan.