SUGAR LAND — NAI Houston has brokered the sale of a 40,000-square-foot industrial facility, located at 510 Industrial Blvd. in Sugar Land. Chris Caudill and Joel Michael of NAI Houston represented the seller, KW Industries Inc., in the transaction. Blake Gibson and Ashley Yoder of Colliers International represented the buyer, Petronash.
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AUSTN — SRS Real Estate Partners has arranged the sale of the 10,000-square-foot Silver Creek II shopping center, located at the intersection of West Parmer Lane and Silver Creek Drive in Austin. The property is fully leased. Jason Middlebrook of SRS Real Estate Partners represented the seller in the transaction.
HOUSTON — Sonesta International Hotels Corp. will manage the 93-room Staybridge Suites Houston Galleria, located at 5190 Hidalgo St. in Houston's Galleria area, starting August 13. Sonesta will rebrand the hotel as the Sonesta ES Suites Houston. The hotel features an outdoor swimming pool, 24-hour fitness center, season grill, guest laundry and 24-hour business center.
DALLAS — NorthMarq Capital has arranged a $21.13 million construction/permanent loan and $10.24 million in joint venture financing for the 192-unit 3003 Carlisle Apartments, located in Dallas' Uptown district. William Jackson of NorthMarq's Dallas office arranged the loans through a regional commercial bank and a correspondent life insurance company.
FOLSOM, CALIF. — A 139,377-square-foot retail center in Folsom has received a three-year, $5-million mezzanine loan. The center is shadow-anchored by Wal-Mart. The loan was used to repay existing debt, upgrade the building’s facades and provide capital for further lease up. It was arranged by RCG Longview.
ANAHEIM, CALIF. — A 28,045-square-foot industrial building in Anaheim has sold to La Jolla Leasing M&A, LLC for $2.95 million. It is located at 1240 N. Red Gum Street. La Jolla Leasing plans to occupy the entire building. The buyer was represented by Scott Seal of Lee & Associates. The seller, Frances Seiford, was represented by Seth Davenport and Mitch Zehner of Voit’s Anaheim office.
SAN DIEGO – Trigild has moved its corporate headquarters to new offices in San Diego’s Golden Triangle/University Towne Centre (UTC) neighborhood. The firm will occupy a 13,500-square-foot space at 9339 Genesee Ave. Trigild has been the property manager for this building since November 2011. The new space is located within the Genesee Executive Plaza.
WEST PALM BEACH, FLA. — Gaedeke Group has started construction on a $2.5 million renovation of the 288,233-square-foot Northbridge Centre, located at 515 N. Flagler Dr. in West Palm Beach. The renovations will include addition of stylish wall coverings and brushed nickel fixtures. Additionally, technological upgrades will occur in the conference rooms on the third floor, and the first floor will receive wireless connectivity, display equipment, drop down screens and new telephone systems. The common rooms also received a cosmetic upgrade. Completion is slated for September.
TAMPA, FLA. — Marcus & Millichap has arranged the $1.27 million sale of the 63-unit Palm Breeze Apartments, a multifamily property located at 8014 Tommy Court in Tampa. Amenities include a laundry facility, stackable washer and dryer connections and ample parking. Michael Regan and Francesco Carriera of Marcus & Millichap's Tampa office represented both parties in the transaction.
CLERMONT, FLA. — Beech Street Capital has arranged a $21.25 million Fannie Mae conventional loan for acquisition of the 276-unit Vista at Lost Lake, a Class A apartment complex located in Clermont. Jacob Katz of Meridian Capital Group originated the seven-year, fixed-rate loan with two years of interest-only payments and a 30-year amortization schedule.