FRISCO, TEXAS — Stream Realty Partners has announced plans for a new, 152,00-square-foot development in Frisco Park 25, a 216-acre, master-planned business and industrial park located at Preston Road at Rockhill Parkway in Frisco. PowerSecure Lighting, a manufacturer of LED lighting products, will anchor the Class A development with a 76,000-square-foot lease. Cannon Green and Bob Hagewood of Stream will oversee leasing of the project, which is slated to launch in 2018.
CARROLLTON, TEXAS — The Vitorino Group has closed the sale of Hebron Parkway Shopping Center, a 17,836-square-foot strip retail center in Carrollton, a northern suburb of Dallas. Bryce Gissler of Vitorino Group listed the property on behalf of the seller, an undisclosed private investor. The name and representative of the buyer, also a private investor, were not disclosed. The property was 100 percent leased at the time of sale.
HOUSTON — Colliers International Group Inc. has closed the sale of 5722 Fairdale, a 5,000-square-foot, freestanding flex building in the Woodlake/Briar Meadow neighborhood in west Houston. Jason Scholtz of Colliers represented the seller, Birmingham Rail & Locomotive Co. Inc. The name and representative of the buyer, a private investor, were not released.
PLANO, TEXAS — EDGE Realty Capital Markets has arranged the sale of 5212 Village Creek, a 7,979-square-foot office property located at the corner of Preston Road and President George Bush Turnpike in Plano. Brandon Crow of EDGE represented the undisclosed seller in the transaction, and Matt Fulgham represented the buyer, Wynmark Commercial, a brokerage firm specializing in healthcare and medical office properties.
DALLAS — Colliers International Group Inc. has brokered the sale of Banner Place, a two-building office property located at 12660 and 12770 Coit Road in north Dallas. Built in 1985, the property, which consists of a 12-story, 258,493-square-foot tower and a three-story, 27,018-square foot mid-rise and medical office building, was 70 percent leased at the time of sale. Creighton Stark and Chris Boyd of Colliers represented Gaedeke Group, which sold the property to Mark Jordan of JP Realty Partners for an undisclosed amount.
GEORGETOWN, TEXAS — GVA LLC and Decisive Ventures LLC, two Austin area-based investment firms and joint venture partners, have received acquisition financing for Apple Creek, a 176-unit apartment community in Georgetown, a northern suburb of Austin. Amenities of the 10-building property, which is situated on a 10.5-acre tract at 302 Apple Drive near Interstate 35, include a pool, playground, basketball court and a dog park. HFF arranged the seven-year loan, which has a floating interest rate starting at 3.31 percent, through Freddie Mac on behalf of the joint venture.
LEAGUE CITY, TEXAS — Marcus & Millichap has closed the sale of Westover Plaza, a 50,962-square-foot shopping center located at 6011 W. Main St. in League City, about 25 miles southeast of Houston. Justin Miller, Derek Hargrove and Davis Hansen of Marcus & Millichap represented the seller, a local developer. The name and representative of the buyer, a private investor, were not disclosed.
ADDISON, TEXAS — Retail Solutions, a Texas-based brokerage firm, has negotiated a 10,641-square-foot lease at Addison Preschool, located at 14450 Marsh Lane in Addison, a northern suburb of Dallas. Brian Sladek and Chris Flesner of Retail Solutions represented the landlord, an undisclosed party. Riis Christensen of Transwestern represented the tenant, ELS Language Centers, which offers English language classes to people all over the world.
HOUSTON — Moody Rambin has finalized the sale of 7810 Fairbanks-N. Houston Road, a 23.4-acre property zoned for retail or office use in northeast Houston’s Cypress Fair neighborhood. Brent Fredricks and Bob Gulley of Moody Rambin represented the seller, The Zaidi Family Trust, in the transaction. Debbie Barela and Crystal Robinson of Fidelity National Title represented the buyer, Jarrar Holdings LLC.
ABILENE, TEXAS — TREK Investment Group, an Austin-based brokerage firm, has closed the sale of an 89,545-square-foot office property located at the corner of State Highway 277 and South First Street in Abilene, a city about 180 miles west of Dallas. The property, which is situated on 8.8 acres, was 100 percent leased at the time of sale to the Texas Departments of Public Safety, Human Services and Health. Ethan Offenbecher and Parker Carroll of TREK represented the seller and procured the buyer, both of which requested anonymity.
