SAN ANTONIO — Criterion Property Co. and Regent Communities have started developing the 230-unit 1800 Broadway, a luxury multifamily community in downtown San Antonio. The property will include a fitness center, resort-style pool, outdoor grilling kitchen, covered wet kitchen and flat-screen TVs. The development broke ground in October and is slated for a summer 2013 completion. The property is being built to achieve National Green Building Standard and Energy Star certifications.
FARMERS BRANCH — Hartung Glass Industries has purchased an 81,700-square-foot manufacturing facility, located at 12900 Nicholson Rd. in Farmers Branch. Jerod Hangartner of TIG's Dallas office represented the buyer in the transaction. Jones Lang LaSalle represented the seller.
FRISCO — Del Taco has purchased a 36,000-square-foot retail pad site in Hickory Center at Preston, a shopping center located on the southwest corner of Preston Road and Gary Burns Drive in Frisco, for a new Del Taco restaurant. Ken Reimer and Amy Pjetrovic-Hunnicut of Venture Commercial Real Estate's Dallas office and Joe Gampper of Dallas-based Integral Real Estate Services represented the seller, Allegiance Frisco, in the transaction. Steve Ewing of EDGE Realty Partners represented the buyer.
FORT WORTH — Cushman & Wakefield of Texas has arranged the sale of a 14,674-square-foot industrial property, located at 1315 Riverside Dr. in Fort Worth. Pete Richardson and Drew Richardson of Cushman & Wakefield's Dallas office represented the buyer, Hearthstone Properties, in the transaction. The pair also negotiated the buyer's lease transaction with Houston-based TNT Crane & Rigging, the new tenant. Bob Scully of CBRE's Fort Worth office represented the seller, Bright Truck Leasing.
TULSA, OKLA. — Dallas-based Metropolitan Capital Advisors (MCA) has arranged $7.58 in mortgage financing for the 206-unit Hunter Creek Apartments, located at 1563 S. 79th E. Ave. in Tulsa. Todd McNeill of MCA arranged the 10-year loan through the Fannie Mae DUS loan program. The property is currently 94 percent occupied.
LAS VEGAS – The 63,759-square-foot Rainbow Sunset Pavilion Retail Center has sold to Brentwood West for $8 million. The property is located at 6315–6485 South Rainbow Blvd. CBRE’s Charles Moore, Michael Newman and Marlene Fujita represented the receiver in this transaction.
ANAHEIM, CALIF. — A 37,041-square-foot industrial building in Anaheim has sold to an unnamed buyer for $4 million. Scott Seal and Luke Hudon of Lee & Associates represented the buyer. Chris Migliori of DAUM’s Orange County office represented theseller, Newport Hill Corporation, in this transaction.
BROOMFIELD, AURORA, COLO. – The Gateway Square and Salida Shops 2 strip centers have been sold by Robert Edwards and Tom Ethington of Pinnacle Real Estate Advisors. Salida Shops 2 in Aurora is fully leased, while Gateway Square in Broomfield was 88 percent leased at the times of sale. Gateway Square sold for 100 percent of its list price, or $277 per square foot. Salida sold for $2,657,214, or $400 per square foot. Edwards and Ethington represented the sellers on these transactions.
WASHINGTON, D.C. — New York City-based Mitsui Fudosan America has entered into an agreement to acquire an 80 percent partnership interest in the 421,901-square-foot Homer Building, a trophy office building located at 601 13th St. NW in Washington, D.C., from Sydney, Australia-based Investa Office Fund for $252 million. The building is currently 90 percent leased to tenants include Amgen, General Mills and Toyota. Clarion Partners is representing the seller in the transaction, which is expected to close in January of 2012. Eastdil Secured is representing the buyer.
BETHESDA, MD. — StonebridgeCarras, PN Hoffman and Northwestern Mutual have formed a joint venture to develop a $200 million mixed-use project, located at the corner of Woodmont and Bethesda Avenues in Bethesda. The development will contain 250 residential units and 40,000 square feet of retail space. SK&I Architectural Design Group designed the project and the Clark Construction Group has been retained as the general contractor. Stephen Conley, Dave Nachison, Alan Davis, Mark Remington and Dan McIntyre of HFF's Washington, D.C., office represented StonebridgeCarras and PN Hoffman in the creation of the joint venture. Ground breaking is slated for January of 2012.
