Texas

cinemark-theatres-valley-ranch-town-center

Cinemark Theatres to Open 10-Screen Location in Valley Ranch Town Center

by Haisten Willis October 17, 2016

NEW CANEY, TEXAS — Cinemark Theatres is planning to begin construction on a 10-screen theater in the entertainment district at Valley Ranch Town Center, a development of The Signorelli Co. Valley Ranch is a 240-acre retail district located at the intersection of I-69 and the Grand Parkway. The new theater will be Cinemark’s 13th location in the Houston area and the first new construction, all-reclining seat theater for Cinemark in metro Houston. Each auditorium will feature electric reclining seats with adjustable head and foot rests, and the theater will offer reserved seating, online ticketing and self-serve concessions. The theater is expected to be 40,000 square feet and will open in late 2017 or early 2018.

October 17, 2016

BMC Capital Arranges $6.2M Refinancing of Retail Property in San Marcos

by Haisten Willis October 17, 2016

SAN MARCOS, TEXAS — BMC Capital has arranged the $6.2 million refinancing of a North Carolina Furniture Direct store located in San Marcos. The five-year, fixed-rate loan features a 25-year amortization schedule. Hank Crane of BMC secured the financing on behalf of the borrower through an undisclosed bank.

October 17, 2016

Office Texas

SRS Distribution Expands Office to 5,452 SF at Valliance Plaza in McKinney

by Haisten Willis October 17, 2016

MCKINNEY, TEXAS — SRS Distribution Inc., a roofing supply company, has signed a lease expansion for its office at Valliance Plaza in McKinney. The company will now occupy 5,452 square feet. Stephen Hemphill of Mohr Partners represented the tenant, and Heather Shover and Sean Dalton of Younger Partners represented the landlord in the leasing transaction.

October 17, 2016

Industrial Texas

Colliers International Arranges Sale of 95,204 SF Industrial Property in Dallas

by Katie Sloan October 14, 2016

DALLAS — Colliers International has arranged the sale of Northgate III, a 95,204-square-foot industrial property in Dallas. The buildings are located at 12002 and 12092 Forestgate Drive. Lizzy Blake of Colliers represented the seller, Mountain West Industrial, and Tom Grant of Lee & Associates represented the buyer, P.S.C. Properties LLC.

October 14, 2016

Healthcare Office Texas

Marcus & Millichap Brokers Sale of 12,892 SF Office Property in Denton

by Katie Sloan October 14, 2016

DENTON, TEXAS — Marcus & Millichap has brokered the sale of Denton Medical Office Building, a 12,892-square-foot office property located in Denton. The single-story, multi-tenant medical office building is located at 3331-3333 Colorado Blvd. Lab Corp. and Health Texas Provider Network fully occupy the space. Cody Payne and Wayne Bares of Marcus & Millichap represented the buyer and seller in the transaction. Both parties were undisclosed private investors.

October 14, 2016

Office Texas

Teknion Corp. to Relocate D/FW Office to KPMG Plaza at HALL Arts

by Katie Sloan October 14, 2016

DALLAS — Workplace interior furnishings company Teknion Corp. will relocate its Dallas/Fort Worth office and showroom to KPMG Plaza at HALL Arts. The 18-story, 500,000-square-foot office tower is located in the Arts District of Dallas. The company will move into an 8,000-square-foot space designed by Vanderbyl Design on the building’s 16th floor. TVSdesign will assist Vanderbyl in the execution of the space. Kim Butler, the director of leasing at HALL Group, represented the landlord in the lease, and Jeff Eiting of CBRE represented Teknion. The company will move into its new space in spring 2017.

October 14, 2016

Multifamily Seniors Housing Texas

Caddis Opens 78-Unit Assisted Living Community Near Houston

by Katie Sloan October 14, 2016

CYPRESS, TEXAS — Caddis, a Dallas-based real estate developer, has opened Heartis Cypress, a 78-unit assisted living and memory care community in the Houston suburb of Cypress. Oregon-based Good Neighbor Care manages the 63,000-square-foot community, which Caddis owns. Development costs were not disclosed. A unique feature of the community is its main street, a stretch of the community featuring a movie theater, 1950s-style ice cream parlor, art studio, auto repair, planting nursery and other stores. Each establishment has its own storefront aligned complete with streetlights and park benches. Austin-based KATUS designed the community. The Dallas office of Amegy Bank provided financing.

October 14, 2016

Industrial Texas

Hunt Southwest Delivers 300,000 SF Spec Industrial Building in Fort Worth

by Katie Sloan October 14, 2016

FORT WORTH, TEXAS — Hunt Southwest Real Estate Development, a Dallas-based developer owned by the Lamar Hunt family, has delivered Riverbend West, a 300,000-square-foot speculative industrial facility in Fort Worth. The Class A warehouse/distribution center is located at 2101 Reeves Place and features 32-foot clear heights, LED lighting, cross-dock configuration, an ESFR sprinkler system, a truck court, skylights and parking for trailers. Riverbend West is the first development for Hunt Southwest, which plans to break ground in December on a new 650,000-square-foot warehouse and distribution center in the north Fort Worth area. Hunt Southwest has selected Donnie Rohde, Chance Olin and George Jennings of Holt Lunsford Commercial to handle Riverbend West’s leasing assignment.

October 14, 2016

Office Texas

Buchanan Street Partners Sells The Pyramid Office Building in San Antonio

by Katie Sloan October 13, 2016

SAN ANTONIO — Buchanan Street Partners has sold The Pyramid, a 220,693-square-foot, Class A office building located in San Antonio. Taurus Investment Holdings acquired the property. The building was 87 percent occupied at the time of sale. Among the tenants are the General Services Administration; law firm Davidson Troilo Ream & Garza; Experian; design consultant Kimley-Horn & Associates; and insurance brokerage firm Arthur J. Gallagher & Co. HFF marketed the property on behalf of the seller and secured floating-rate acquisition financing for the new buyer through the Austin office of Independent Bank.

October 13, 2016

Healthcare Office Texas

Magnolia Medical Tower Trades Hands in Fort Worth

by Katie Sloan October 13, 2016

FORT WORTH, TEXAS — Velocis has sold Magnolia Medical Tower, an 89,991-square-foot medical office building located in Fort Worth, to Ridgeline Magnolia MOB LP. Velocis acquired the property in 2012 and invested $1.5 million in property renovations, including substantial upgrades to all six floors of the building and the parking garage. The property is located adjacent to Baylor All Saints Medical Center at 1603 Mistletoe Blvd. Lee Asher, Chris Bodnar and Austin Barrettin of CBRE represented the seller in the transaction.

October 13, 2016

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