Texas

Marcus & Millichap Brokers Sale of 17,925 SF Retail Power Center in Moore, Oklahoma

by John Nelson September 14, 2017

MOORE, OKLA. — Marcus & Millichap has brokered the sale of The Shops at Moore, a 17,925-square-foot retail power center located at the corner of 19th Street and Interstate 35 in Moore, a suburb of Oklahoma City. The center was 100 percent leased at the time of sale to national and regional tenants. Nearby retailers include Office Depot, Hobby Lobby, AT&T and Best Buy. Lisa Estrada of Marcus & Millichap represented the seller, a Fort Worth-based limited liability company. First National Bank of Oklahoma provided financing for the acquisition. The name of the buyer and the sales price were not disclosed.

September 14, 2017

Industrial Texas

CBRE Negotiates 30,495 SF Industrial Lease in Metro DFW

by John Nelson September 14, 2017

COPPELL, TEXAS — CBRE has negotiated a 30,495-square-foot lease at 1122 Bethel Road in the Dallas-Fort Worth metro of Coppell. Steve Trese and Wilson Brown of CBRE represented the landlord, Bethel Industrial LLC. Ryan Boozer of Stream Realty represented the tenant, Irving-based Event Technology Services LLC, which will be relocating to the Coppell property from the Airport submarket.

September 14, 2017

Loans Retail Texas

SunTrust Closes $600M in Financing for Texas Rangers Ballpark

by John Nelson September 13, 2017

ARLINGTON, TEXAS — SunTrust Banks Inc. has closed $600 million in financing for the Texas Rangers to fund the team’s share of construction costs for its new ballpark, known as Globe Life Field. Set to open for the 2020 season, the stadium will feature a retractable roof and typical ballpark amenities. The professional baseball team is building Globe Life Field in a public/private partnership with the City of Arlington. The Rangers transaction was a partnership between several of SunTrust’s business units, including the Southwest Corporate Banking office of SunTrust Robinson Humphrey (STRH); the SunTrust Sports and Entertainment Group, which raises capital and provides financing to professional sports franchises; and the STRH Leveraged Finance Group. MUFG and US Bank served as lead arrangers of the Rangers loan.

September 13, 2017

Multifamily Texas

Citymark, CAF Capital Acquire 323-Unit Multifamily Community in Metro Dallas

by John Nelson September 13, 2017

LEWISVILLE, TEXAS — A partnership between Cleveland-based private equity firm Citymark Capital and Dallas-based operator CAF Capital Partners has acquired Villas of Vista Ridge, a 323-unit multifamily community in the Dallas metro of Lewisville. The property is located at 351 State Highway 121 Bypass near a variety of entertainment and retail centers. Amenities include a pool and a fitness center. The name of the seller was not disclosed.

September 13, 2017

Multifamily Texas

NAA Arranges Sale of 312-Unit Apartment Community in Dallas

by John Nelson September 13, 2017

DALLAS — National Apartment Advisors (NAA) has arranged the sale of Mountain Valley Apartments, a 312-unit multifamily community located at 5875 Mountain Valley Lane in southwest Dallas. The property, which is situated on 17.3 acres and offers amenities such as a playground, clothing care center and a basketball court, was 93 percent occupied at the time of sale. Sam Pettigrew of NAA represented the buyer, California-based NVTX1 Apartments LLC, in the transaction. Mountain Valley 2002 LP sold the asset for an undisclosed price.

September 13, 2017

Retail Texas

Retail Solutions Secures 49, 246 SF Retail Lease with Enterprise Rent A Car in Austin

by John Nelson September 13, 2017

AUSTIN, TEXAS — Retail Solutions has secured a retail lease in Austin on behalf of Enterprise Rent A Car. Enterprise will occupy 49,246 square feet on a pad site located at 5350 State Highway 290. Barret Espe of Retail Solutions represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

September 13, 2017

Retail Texas

Colliers Negotiates Sale of 8,000 SF Retail Asset in Port Arthur, Texas

by John Nelson September 13, 2017

PORT ARTHUR, TEXAS — Colliers International has negotiated the sale of an 8,000-square-foot retail property located at 5255 Twin City Highway in the Gulf Coast city of Port Arthur. The asset is triple-net-leased asset to home furnishings retailer Aaron’s. Riley Sharman of Colliers represented the seller, The Benjamin Revocable Trust, based in Nevada, in the transaction. The name of the buyer, a private investor, was not released.

September 13, 2017

Industrial Texas

Lee & Associates Arranges Sale of 1,750 SF Industrial Facility in Dallas

by Camren Skelton September 12, 2017

DALLAS — Lee & Associates has brokered the sale of a 1,750-square-foot industrial facility located at 2029 E. Levee St. in Dallas’ Design District. The seller, Arte de Arquitectura de Mexico, will be moving from the facility into space at 3414 Doug Drive in Dallas in January 2018. Stephen Williamson of Lee & Associates’ Dallas/Fort Worth office represented the seller in the transaction. Hanes Chatman of Stream Realty Partners represented the buyer, Myrtle Faye Investments LLC.

September 12, 2017

Retail Texas

Sherwin Williams Inks 4,700 SF Retail Lease in Conroe, Texas

by Camren Skelton September 12, 2017

CONROE, TEXAS —Sherwin Williams has signed a 4,700-square-foot lease at The Shops at 336, a shopping center located along S. Loop 336 near Interstate 45 in Conroe, about 40 miles north of Houston. Stephen Phaigaru and Sandy Aron of Hunington Properties Inc. (HPI) represented the landlord in the lease negotiations. Other terms of the transaction were not disclosed.

September 12, 2017

Industrial Office Texas

NAI Arranges Sale of 8,000 SF Flex Property in Houston

by Camren Skelton September 12, 2017

HOUSTON — NAI Partners has arranged the sale of an 8,000-square-foot office/warehouse property located at 8715 Fallbrook Drive in Houston. Built in 2006, the property features 20-foot clear heights and 1.13 parking spaces per 1,000 square feet. Trey Martin of NAI represented the buyer, HCM Development LLC, in the transaction. Steve Adkisson of Adkisson Group represented the seller, 8715 Fallbrook LLC.

September 12, 2017

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