Texas

Colliers Arranges Sale of Two Healthcare Facilities in Metro Houston

by Taylor Williams July 13, 2017

LEAGUE CITY AND THE WOODLANDS, TEXAS — Colliers International has arranged the sale of two healthcare facilities in metro Houston. Beth Young of Colliers represented the seller in the disposition of South Shore Surgicenter, a 7,365-square-foot ambulatory surgical center and diagnostic clinic located at 2622 Marina Bay Drive in League City. Elena Bakina of Colliers represented Integra Plaza LLC in its sale of a 14,573-square-foot medical office and surgery center located at 3072 College Park Drive in The Woodlands. Sales prices were not disclosed for either transaction.

July 13, 2017

Joint Venture Purchases 509-Unit Apartment Community in Farmers Branch for $85.7M

by Taylor Williams July 12, 2017

FARMERS BRANCH, TEXAS — A joint venture in which publicly traded BRT Apartments Corp. has 50 percent equity has purchased Mercer Crossing, a 509-unit, Class A multifamily community located at 11700 Luna Road in Farmers Branch, for approximately $85.7 million. The price included $55.2 million in mortgage debt, which is financed at 4.2 percent interest and matures in 2028. Provident Realty Advisors Inc. sold the asset.

July 12, 2017

Texas Uncategorized

Apollo Global Management to Acquire Dallas-Based ClubCorp for $1.1B

by Taylor Williams July 12, 2017

DALLAS — Apollo Global Management LLC will acquire Dallas-based ClubCorp (NYSE: MYCC), which owns and operates approximately 200 properties throughout the United States, Mexico and China, most of which are golf and country clubs, for $1.1 billion. Under the terms of the deal, Apollo will acquire all of ClubCorp’s outstanding shares for $17.12 per share in cash. The sale is expected to close during the fourth quarter.

July 12, 2017

Hospitality Texas

Choice Hotels to Develop 134-Room Cambria Hotel in Austin

by Taylor Williams July 12, 2017

AUSTIN, TEXAS — Choice Hotels International Inc., an operator of roughly 6,500 hotels across 40 countries and territories, will develop a 134-room Cambria-branded hotel at the corner of East Ben White Boulevard and East Riverside Drive in Austin. The four-story property will feature an outdoor pool and spa, a fitness center and a variety of on-site dining options. Cloud Nine Hospitality LLC will manage the hotel, which is expected to open in 2019.

July 12, 2017

Retail Texas

STRIVE Brokers Sale of 60,748 SF Retail Center in Helotes, Texas

by Taylor Williams July 12, 2017

HELOTES, TEXAS — STRIVE has brokered the sale of Bandera Trails Shopping Center, a 60,748-square-foot retail center anchored by Gold’s Gym in the San Antonio metro of Helotes. Jason Vitorino and Bryce Gissler of STRIVE marketed the property on behalf of the seller, a California-based Tenants in Common group. A Dallas-based private investor purchased the property for an undisclosed price.

July 12, 2017

Retail Texas

Baker Katz Acquires 22,000 SF Retail Property in Metro Houston

by Taylor Williams July 12, 2017

PASADENA, TEXAS — Houston-based retail brokerage firm Baker Katz has acquired a 22,000-square-foot retail asset located at the intersection of Fairmont Parkway and Beltway 8 in Pasadena. The property was 70 percent leased at the time of sale to tenants such as Supercuts, Leslie’s Pool Supplies and Mattress Overstock. The seller and other terms of sale were not disclosed.

July 12, 2017

Healthcare Texas

Scott & Reid to Lead $10M Renovation of Texas Medical Center Tower in Houston

by Taylor Williams July 11, 2017

HOUSTON — Dallas-based Scott & Reid General Contractors plans to renovate Museum Medical Tower, a 177,476-square-foot medical office tower located at 1213 Hermann Drive on the north side of the Texas Medical Center in Houston. The $10 million renovation plan includes upgrading the building’s façade, main entrance, roof and landscaping. The overhaul will also deliver systems upgrades and three new suites ranging from 1,700 to 2,244 square feet in size.

July 11, 2017

Hospitality Texas

Marriott Opens 304-Room Renaissance Hotel at Legacy West in Plano

by Taylor Williams July 11, 2017

PLANO, TEXAS — Marriott International has opened the Renaissance Dallas at Plano Legacy West Hotel, a 304-room hospitality asset located within the $3 billion Legacy West development in Plano. Developed by Plano-based Sam Moon Group, the hotel features an on-site Asian fusion restaurant, an indoor/outdoor lobby bar, pool, fitness center and luxury spa and 26,000 square feet of meeting space.

July 11, 2017

Industrial Texas

JLL Negotiates 140,695 SF Industrial Lease in Houston

by Taylor Williams July 11, 2017

HOUSTON — JLL has negotiated a 140,695-square-foot industrial lease in Houston on behalf of LSI Industries, an Ohio-based manufacturer of LED lighting solutions. The company will operate out of a 264,461-square-foot building located at 14902 Sommermeyer Road in Prologis Park — West by Northwest. Jeff Venghaus of JLL represented LSI Industries in the lease negotiations.

July 11, 2017

Office Texas

C-III Extends 57,000 SF Office Lease at Williams Square in Irving

by Taylor Williams July 11, 2017

IRVING, TEXAS — C-III Asset Management, a subsidiary of investment firm C-III Capital Partners, has extended its 57,000-square-foot office lease within The Towers at Williams Square, a four-building development located at 5221 N. O’Connor Blvd. in Irving. The company’s footprint within the Class A property will cover two floors. Tom Lynn and Zach Stevens of NAI Robert Lynn represented C-III in the lease negotiations. Bill Brokaw of Hillwood represented the landlord.

July 11, 2017

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