COLLEYVILLE, TEXAS — Whole Foods Market is set to be the anchor tenant of Village Park at Colleyville with a 40,000-square-foot store. Village Park is a 190,664-square-foot shopping center located at the southeast corner of Glade Road and Highway 26 in Colleyville. Centennial Real Estate Co., owner of Village Park at Colleyville, plans to extensively renovate the center and adapt the space for Whole Foods' early-to-mid 2014 opening. The space formerly housed an Albertson's location.
HOUSTON — Stream Realty Partners has completed the $7.5 million renovation of 515 Post Oak Boulevard, a 273,000-square-foot Class A office building located in Houston's Galleria submarket. The renovation project included updating the grand entrance, modernizing the elevator lobbies, updating flooring and finishes, remodeling the open atrium on the second and third floors, upgrading restrooms, increasing the building's square footage by 12,585 square feet, installing two new cooling towers, updating the energy management system and renovating garage access with a wider entrance and new lighting. Stream Realty relocated its Houston office to the 11th floor of the office building in April 2012. Stream Realty provides leasing services for 515 Post Oak on behalf of the owner, Wells Real Estate Investment Trust II.
BETHESDA, MD. — Bethesda-based Beech Street Capital LLC has closed FHA 232/223(f) loans totaling $34 million to refinance five skilled nursing facilities in Texas totaling 627 beds. The facilities include the McAllen Nursing Center, Greenville Health and Rehabilitation, Courtyard Convalescent Center, Mesquite Tree Nursing Center and Prairie House Living Center. John Rosen of Beech Street originated the loans on behalf of the principals, which own 82 skilled nursing facilities in eight states. The fixed-rate loans have terms of either 30 or 35 years.
PEARLAND AND CYPRESS, TEXAS — NorthMarq Capital has arranged two acquisition loans totaling $5.4 million for two retail properties in the suburban Houston area totaling 46,600 square feet. The properties include the 24,600-square-foot Shadow Creek Ranch in Pearland and the 22,000-square-foot Stone Gate Commons in Cypress. Paul Brighton of NorthMarq's Dallas office arranged both loans based on a 15-year term and a 25-year amortization schedule through life company lenders.
MANTECA, CALIF. — The 3.1-million-square-foot CenterPoint Intermodal Facility is scheduled to break ground in Manteca within the month. Manteca is situated between Stockton and Modesto in Northern California. The $175-million project will be located just west of Airport Way between Roth Road and Lathrop Road across from the Union Pacific intermodal yards. The funds will be provided by CalPERS. The San Joaquin Partnership estimates the new facility will create 600 permanent jobs.
FORT COLLINS, COLO. – The 220-unit Preserve at the Meadows in Fort Collins has received $25.1 million in financing. The community is located at 350 Riva Ridge Drive. The fully amortized, FHA-insured 223f mortgage features a 35-year term and a fixed 2.75 percent interest rate. It was arranged by Greg Benjamin and Dan Lucchesi of NorthMarq Capital’s Denver office.
CEDAR CITY, UTAH — GAF, North America’s largest roofing manufacturer, has purchased a 534,598-square-foot manufacturing facility in Cedar City for an undisclosed sum. The facility is located at 5080 West Highway 56. GAF plans to manufacture foam insulation boards and single-ply roofing system components at the facility. The company was represented by Eric Dienstbach of Binswanger’s Denver office. The seller was CC Utah Enterprises, LLC.
POMONA, CALIF. – A 43,900-square-foot industrial building in Pomona has sold to Lite Cruise Properties, LLC for $2.7 million. The building is located at 2778-2788 Pomona Blvd. Lite Cruise was represented by CBRE’s Kent Stalwick. The seller, Fluoresco Lighting & Signs, was represented by Mark White and Todd Launchbaugh of Lee & Associates’ Ontario office.
COSTA MESA, SANTA ANA, CALIF. — Stearns Lending has leased a total of 62,517 square feet in Orange County. The national lending institution leased 41,076 square feet within the MetroCenter at South Coast campus. This space is located at 555 Anton in Costa Mesa. It also leased 21,441 square feet at the Xerox Centre. This facility is located at 1851 E. 1st Street in Santa Ana. Stearns was represented by Jack McNutt of Newmark Grubb Knight Frank. RREEF, the MetroCenter landlord, was represented by Brian Harnetiaux of Transwestern. The Xerox Centre landlord, 1851 East First Street Investors LLC, was represented by Justin Hill and Simon Dillon of CBRE.
PHOENIX — Empire West Title Agency has renewed its lease for 1,685 square feet of space at Foothills Gateway Corporate Center. The Class A center is located at 4505 E. Chandler Blvd. Empire West was represented by Justin Himelstein and Jason France with Cassidy Turley Arizona’s Office Tenant Representation group. The landlord, Orsett/Gateway, LLC, was represented by Lee & Associates.