DALLAS — Stream Realty Partners, a full-service real estate investment, development and services company, has hired John Huff as managing director of its new healthcare real estate division. In this capacity, Huff will be responsible for leading and conceptualizing Stream’s healthcare portfolio initially in the Dallas/Fort Worth market for products including medical office, specialized outpatient facilities, hospitals, teaching and research buildings, seniors housing and build-to-suit opportunities. Stream’s healthcare real estate platform will focus on services including leasing, facility development, investment sales, portfolio analysis and management. Huff previously worked at Duke Realty (formerly Bremner Healthcare), where he leased, developed and acquired more than 2 million square feet of medical properties valued at more than $750 million.
ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors DFW has brokered the sale of the 31,960-square-foot Offices at Forest Hills property to California-based RAB Properties, which utilized a 1031 tax-deferred exchange to purchase the Class A, two-building project in Arlington. The single-story structures, located at 2001 and 2005 N.E. Green Oaks Blvd., were 93 percent occupied at the time of sale. Joe Hamilton and Theron Bryant of Coldwell Banker Commercial Advisors DFW represented the local seller, WCII-1 LLC. Negotiating for the buyer was Sam Owen of OGH Real Estate LLC, who has assumed leasing and management duties for the property. The Offices at Forest Hills was developed in 2007 on 3.4 acres near TX 360, I-30 and Dallas/Fort Worth International Airport. The buildings, totaling 11,967 square feet and 19,993 square feet, include private balconies for each office and shared conference space. The asset also features a 120-space parking lot with 10 covered spaces. The smaller building is fully leased to Lima USA for its headquarters. The wholly owned subsidiary of Italy-based Lima Corporate S.P.A. manufactures and distributes shoulder, knee and hip products and technology to surgeons. The larger building houses Insala Ltd., Endeavor Wall Homes, the U.S. Fish & Wildlife Commission …
SAN MARCOS, TEXAS — The Vitorino Group has brokered the sale of Guadalupe Station, a Class A, 17,528-square-foot retail property next to Texas State University in San Marcos. The asset was 100 percent occupied at the time of closing. Jared Aubrey and Anthony Pucciarello of the Vitorino Group represented the seller, an Austin-based developer. A California-based investor utilizing a 1031 exchange was the buyer. Tenants at Guadalupe Station include MedSpring Urgent Care, Verts Mediterranean Grill, Jersey Mike’s Subs, Pieology Pizzeria, Sports Clips and Torchy’s Tacos
HARLINGEN, TEXAS — Marcus & Millichap has arranged the sale of an 82,414-square-foot industrial property located in Harlingen. Kenneth Hartmann and Joshua Murphy of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, a private investor. Hartmann and Murphy also secured the buyer, another private investor. The building is located at 2810 N. Expressway 77.
BRADENTON, FLA. — Passco Cos. has purchased ParkCrest Landings, a 400-unit, Class A apartment community located on a 67-acre site at 5725 1st Ave. East in Bradenton, a city in the Tampa Bay area. Passco Cos. bought the asset from the Tampa-based developer, CKT Development, for $75 million. Built in 2015 by CKT Development, the grounds include nine acres of lakes, 1.5 miles of walking trails and 40 acres of nature preserves along a tributary of the Manatee River. The property is also situated next to Tom Bennet Park, a 200-acre park owned by Manatee County. ParkCrest’s community amenities include a resident clubhouse and theater, fitness center, lakeside sundecks, resort-style swimming pools, children’s splash area, 1.2-acre dog park, cyber café, game room and kayak storage. Jamie May of JBM represented Passco and CKT Development in the transaction. Chris Black of KeyBank Real Estate Capital arranged acquisition financing through Fannie Mae on behalf of Passco Cos.
ATLANTA — McKibbon Hospitality has teamed up with Coro Realty Advisors to develop a new 186-room Hampton Inn & Suites by Hilton in Atlanta’s Buckhead district. The 108,659-square-foot hotel will be situated on Piedmont Road within Buckhead Place, Coro Realty’s mixed-use center that features an LA Fitness, Marshall’s, Pier One, Hyatt Place and the 05 Buckhead apartment tower. McKibbon Hospitality has selected Sarasota, Fla.-based Kellogg & Kimsey as the general contractor. The development team expects to break ground on the hotel in September.
OWENSBORO, KY. — Charleston, S.C.-based Terressentia Corp. has opened the O.Z. Tyler Distillery, the company’s bourbon distillery situated on 26 acres in Owensboro. The historic property dates back to the late 1800s and is now open following two years of renovations. The property is named after O.Z. Tyler, the co-inventor of Terressentia’s patented TerrePURE distilling process. The company plans to employ 75 staffers when fully operational. The distillery will produce more than 30,000 barrels of bourbon annually. Future plans for the property include increasing production to 75,000 barrels annually, building a visitor’s center and museum and becoming a stop on the Kentucky Bourbon Trail.
CHARLOTTESVILLE, VA. — SunTrust Bank has provided a $25.8 million construction loan to Carr City Centers for the development of a new hotel located at 1106 W. Main St. in downtown Charlottesville. The new 150-room, boutique hotel is set to be part of the Marriott Autograph Collection. The property will be located next to the University of Virginia’s main campus and adjacent to the University Medical Center. The hotel will feature an upscale restaurant, fitness center, business center and 3,000 square feet of meeting space. The general contractor, Donohoe Construction Co., plans to break ground in the third quarter with a scheduled opening in the fourth quarter of 2017. Donohoe Hospitality Services will manage the hotel’s day-to-day operations on behalf of the ownership, a joint venture between Carr City Centers and Donohoe.
DULUTH, GA. — NAI Brannen Goddard has brokered the $14 million sale of a three-building, 230,000-square-foot industrial complex situated within Northmont Business Center in Duluth, a northeastern suburb of Atlanta in Gwinnett County. Situated on 28 acres along Satellite Boulevard, the single-story complex offers both warehouse and office space and features 24-foot clear heights, 120-foot truck courts and ample parking. Exeter Property Group purchased the complex from the undisclosed seller. Jack Haden, Mike Chambers and Bradley Pope of NAI Brannen Goddard represented the seller in the transaction. Exeter Property Group has retained the NAI Brannen Goddard team to lease the project.
SAN FRANCISCO — Thor Equities has sold the Phelan Building, an 11-story office building in San Francisco, to the Hong Kong-based Hotung family for a reported $375 million. The building is located at 760 Market St. The Phelan Buiding contains 250,000 square feet of office space and 52,000 square feet of retail space. Thor paid $130 million for the asset in 2008. Notable tenants at the property include Credit Karma and Medium. The retail portion includes Starbucks, Orogold Cosmetics, Walgreens, Verizon and Marshalls. The building was originally constructed in 1907.