Property Type

MILFORD, MASS. — Noyles Sheet Metal has acquired 66 Sumner St. in Milford, a 15,900-square-foot manufacturing building for $810,000. The property is situated on two acres of land and Noyes Sheet Metal has occupied the building for the last two years. The company provides custom duct work for the heating and cooling of commercial buildings. Bill Sullivan of R.W. Holmes Realty represented the buyer in the transaction. Craig Johnston and John Eysenbach of R.W. Holmes Realty represented the seller, Natick Mercer LLC.

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HOUSTON — Brookhollow Central I, a 200,812-square-foot office property located at 2800 North Loop W. in Houston, has plans to undergo an $11 million renovation. Ziegler Cooper Architects will design the project to LEED Gold standards and Turner Construction will serve as the general contractor. The renovation will include expanding a two-story lobby and adding new entrances from Loop 610 and the parking garage. Construction is slated for a late 2012 completion. Parmenter Realty Partners is the owner of the 12-story, Class A office building, and Chip Colvill, Michael Anderson and Win Haggard Jr. of Colvill Office Properties will continue to handle the property's leasing.

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HOUSTON — Construction has begun the second phase of BLVD Place, a mixed-use development located in Houston's Uptown District. This phase of BLVD Place will contain approximately 211,000 square feet of retail and office space. The development is 60 percent pre-leased and will include a 48,500-square-foot Whole Foods and Frost Bank will occupy 53,000 square feet. W.S. Bellows Construction Corp. is the general contractor for Phase II and Comerica Bank, Wells Fargo, Whitney Bank and Cadence Bank are providing construction financing. San Francisco-based Stockbridge Capital Group served as the equity investment advisor, AECOM's Los Angeles office designed the project and Walter P. Moore served as the civil engineer. The transaction was closed at Stewart Title Co. Bill Boyer and Charles Gordon of CBRE Group, along with Scott Gardner of SRS Realty, represented Frost Bank in its lease transaction. Chip Colvill of Colvill Office Properties and Elise Weatherall of Wulfe & Co. represented the owner.

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NACOGDOCHES — North Village Market, a three-phased, mixed-use development located in Nacogdoches, has broken ground. The first phase of 4,500 square feet is slated to open in the fall of 2013, with another 8,000 square feet expected to open in the next two phases. Newk's will anchor the property, and North Village Market LLC, a division of Nacogdoches-based Jones Enterprises LTD, owns the development. Nacogdoches-based Army Curtis designed the project to include a tree-lined boulevard, a roundabout circling a large Texas flag, benches and walkways with antique street lights.

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AUSTIN — Berkeley Point Capital has funded $52.3 million in first mortgage financing for the 348-unit West Campus II, a Class A dedicated student housing community located in the West Campus section of Austin. The community is part of a larger two-phased community known as The Quarters and is within walking distance of the University of Texas. Amenities of the community include courtyards, a 24-hour fitness center, on-site parking, stained concrete floors and furnished units upon request. Adam Randall of Berkeley Point's Bethesda, Md., office arranged the 10-year loan with full-term, interest only payments through the Fannie Mae DUS Student Housing program.

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DALLAS — NorthMarq Capital has secured $8 million in acquisition financing for the 37,612-square-foot Knox Street Promenade, a retail/restaurant development housing six tenants located in Dallas. Phillip Bankhead of NorthMarq's Dallas office arranged the 15-year loan with a 30-year amortization schedule through a life insurance company.

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PHOENIX – A 4,100-square-foot, single-tenant retail property in Phoenix that is triple-net leased to Wells Fargo has sold to 8155th Ave. LLC for $9.15 million. The property was built in 2008 at 32nd and Camelback Road. The buyer was represented by Andrew Greenberg of ERG Property Advisors. The seller, TradeCor LLC, was represented by Jereme Snyder and Eric Carlton of Colliers International.

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HAYWARD, CALIF. – Solta Medical has extended its lease for 88,000 square feet of space inside two Class A office/R&D buildings at the Mount Eden Business Park in Hayward. The properties are located at 25881 & 25901 Industrial Blvd. The lease was valued at $4 million. The landlord, Mount Eden Business Park, LLC, was represented by Dan Bergen and Casey Ricksen of Colliers International.

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SCOTTSDALE, ARIZ. – A 35,000-square-foot medical office building and an adjacent two-acre property have sold to LGE Design Build and Anderson Commercial Real Estate for $3.7 million. They are located at 8550 and 8600 E. Anderson Drive in Scottsdale. The two-acre property has the potential for a 72,000-square-foot, four-story building. The seller, Silverleaf Perimeter Center, LLC, was represented by Mark Stratz, Ray Harris, Tyler Wilson and Scott Baumgarten of Cassidy Turley BRE Commercial.

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