PHILADELPHIA — Children's Crisis Treatment Center has signed a lease for 43,673 square feet at the Waterview Corporate Center at 1080 North Delaware Ave. in Philadelphia. The nonprofit agency will consolidate three other Philadelphia locations into the new space this fall. Currently, the offices are located at 1823 Callowhill St., 1830 Callowhill St. and 417 N. 8th St. Peter Soens and Peter Shrier of SSH Real Estate represented the tenant in the transaction. Neil Brazitis and Les Hagget of Newmark Knight Frank Smith Mack represented the landlord, Core Realty Inc.
THE WOODLANDS — The Woodlands Development Company, a subsidiary of The Howard Hughes Corporation, has plans to break ground on a 66-acre mixed-use property called Hughes Landing at Lake Woodlands, located in The Woodlands. The mixed-use property is slated to have eight office buildings, a boutique hotel, retail and entertainment venues and multifamily housing. Construction of the first office building, the 195,227-square-foot One Hughes Landing, is expected to begin this fall and finish in the fourth quarter of 2013. Houston-based Gensler designed the facility to achieve LEED Silver certification.
TEMPLE — Panda Temple Power has completed the financing for a planned, 758-megawatt power plant, located on a 250-acre site at the Synergy Industrial Park in Temple. The property, known as the Temple Generating Station, is slated to become operational by the end of 2014. The new plant is expected to contribute up to $1.6 billion in the first 10 years of operation and add about 700-800 jobs. Panda Power Funds and other financial institutions provided equity financing. Bechtel and Siemens Energy have been selected to build the generation facility.
PLANO — HFF has arranged $11.76 million in financing for the 138,154-square-foot Legacy Drive Village, a shopping center located at 7000 Independence Parkway in Plano. Kroger Signature anchors the 92 percent-leased center, which includes other tenants such as Domino's Pizza, Dunkin Donuts, Einstein Brother's Bagels, Palm Beach Tan and Subway. Travis Anderson of HFF arranged the 10-year loan through Prudential Mortgage Capital Co. on behalf of the borrower, a Cencor Realty Services joint venture.
HOUSTON — NorthMarq Capital has secured first mortgage refinancing for the 255-room Hotel Sorella, located in the CITYCENTRE development in Houston. John Burke and Chad Owens of NorthMarq Capital's Houston office arranged the 10-year loan through a CMBS lender on behalf of the borrower, CITYCENTRE HOTEL PARTNERS. The loan includes two restaurants located at the base of the hotel: Yard House and Straits Restaurant. The hotel is managed by Houston-based Valencia Group.
DALLAS — Marcus & Millichap has arranged the sale of a 1,440-square-foot Starbucks, located at 3330 Oak Lawn Ave. in Dallas. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a personal trust, in the transaction and procured the buyer, a partnership.
PEORIA, ARIZ. — Montebella Villas Apartments in Peoria has sold to WE Villas at Montebella, LLLP for $2.95 million. The community is located at 10860 N. 85th Ave. The buyer was represented by Linda Gerchick of the Robinson Group. The seller, Montebella Villas, LLC, was represented by David Cravath of NAI Horizon’s Phoenix office.
PHOENIX – A 3,078-square-foot property in Phoenix that is occupied by a Circle K Gas & Convenience store has sold to a family trust for $2,285,000. The single-tenant, triple-net leased retail property was built in 1987 at 1901 West Cactus Road. The transaction closed at a 7.35 percent cap rate. The buyer was represented by Jon Boland of Voit Real Estate Services in San Diego. The seller, D.E.E Holdings, was represented by Chris Maling and David Maling of Colliers International.
FRESNO, CALIF. – Family Dollar has leased 11,016 square feet of retail space in Fresno. The new location resides at 4027 N. Marks Ave. The property’s landlord is Lanmark Plaza, LLC. The transaction was executed by John Lee and Lewis Smith of Retail California.
ASHEVILLE, N.C. — Akron, Ohio-based Summit Management Services has sold the 140-unit Eastwood Village, located at 32 Olde Eastwood Village Blvd. in Asheville, to Chicago-based Privet Investments for $13.75 million. Amenities include a swimming pool, clubhouse, outdoor kitchen, business center and a 24-hour fitness center. Hal Kern and Richard Montana of CBRE Group represented the seller in the transaction.