WEBSTER, N.H. — Copart, a real-time online vehicle auction company, has opened a new facility on 17 acres in Webster. The facility is Copart's first in the state, and the 157th facility worldwide. The property will service the entire state of New Hampshire as well as the eastern portion of Vermont.
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HOUSTON — Velocis has purchased two Class A office buildings totaling approximately 190,000 square feet in Houston's Hedwig Village. The buildings, 950 and 952 Echo Lane, are currently 90 percent leased. Rudy Hubbard and Kevin McConn of Jones Lang LaSalle represented the seller, Houston Mark I Properties, in the transaction.
HOUSTON — Ziegler Cooper Architects has signed a lease for 25,000 square feet of office space in Bank of America Center, located in downtown Houston. Ziegler Cooper designed its office space to include 65-foot cathedral ceilings over its studio space and a cyber cafe known as Ziegler Cooper Cafe. The new office space is expected to achieve LEED Gold certification and is expected to be complete in December.
LEWISVILLE — Bright Realty has begun development of the Castle Hills Village Shops, located at 2540 King Arthur Blvd. in Lewisville, that will add approximately 18,543 square feet for retail and restaurant space and 29,943 square feet of office space. The new phase is scheduled for spring 2013 completion.
DALLAS — Colliers International North Texas has arranged the sale of the 52,750-square-foot Hart Furniture Building, an office and entertainment building located at 1929-1933 Elm St., 201 N. Harwood St. and 1930 Pacific Ave. in downtown Dallas. David Glasscock and Wade Smith of Colliers represented the seller, Cathay Bank, in the transaction. The buyer was Pacific Elm Building.
WEBSTER — NorthMarq Capital has secured $5.8 million in first mortgage refinancing for the 50,100-square-foot Corporate Center Texas, an office building located at 16969 Texas Ave. in Webster. Fiserv, Technology Transfer, Methodist Hospital, Everheart Systems and TRACLabs are major tenants of the property. John Burke and Chad Owens of NorthMarq's Houston office arranged the 10-year loan with a 20-year amortization schedule through a life insurance company on behalf of the borrower, Warehouse Associates Corporate Centre.
RIVERSIDE, CALIF. – Riverside Plaza, a 475,211-square-foot retail center, has been sold to a joint venture between Vestar and a fund advised by UBS Global Asset Management for $84.8 million. The center is 92 percent leased. It is anchored by Vons Supermarket, Trader Joes, CVS Pharmacy and Regal Cinemas Stadium 16. Other notable tenants include Forever 21, Chico’s, JoS. A. Bank, El Torito, California Pizza Kitchen, Islands Burgers, Chase Bank, Panera Bread, Chipotle, Wendy’s and El Pollo Loco. The seller, Westminster Funds, was represented by HFF’s Bryan Ley, Ryan Gallagher, John Crump and CJ Osbrink. Vestar represented itself in this all-cash transaction.
SACRAMENTO, CALIF. – Bayside Communities has purchased the 220-unit Azure Park Apartments in Sacramento for an undisclosed sum. The affordable housing community is currently 85 percent leased. Bayside plans to renovate and rebrand the property as Lotus Landing. Financing was provided by Pembrook Capital Management.
RANCHO CUCAMONGA, CALIF. — A 177,550-square-foot industrial building in Rancho Cucamonga has sold to a joint venture between CT Realty Investors and Artemis Real Estate Partners for $10.25 million. The property is located at 10404 Sixth Street. It is fully leased to GITI Tire USA. The joint venture was represented by Ryan Lal and Jeff Smith of Lee & Associates’ Ontario office. The seller was represented by Ken Jones and Scott Ostlund from the same office.
LOVELAND, COLO. — Bass Pro Shops has signed on to anchor a major new development at Centerra, an expansive retail complex. The outdoor store will absorb about 117,000 square feet. Centerra also includes The Promenade Shops, a 700,000-square-foot lifestyle mall, The Marketplace at Centerra, a large retail power center and the Motorplex, an auto complex with eight major dealers.