LAMPASAS, TEXAS — Marcus & Millichap has negotiated the sale of the Fresenius Medical Care facility in Lampasas. The 7,000-square-foot, net-leased property is located at 1202 Central Texas Expressway. Scott Ryan of Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a partnership. Ryan also secured the buyer, a private REIT.
HOUSTON — Dick’s Sporting Goods plans to open six stores this fall for its entrance into metro Houston. The sporting goods retailer will open 105,000-square-foot stores at the Shoppes at ParkWest, located at 24600 Katy Freeway in Katy, and at Baybrook Mall at 1132 Baybrook Mall Drive in Friendswood. Traditional single- and bi-level stores will open in Deerbrook Mall at 20131 Highway 59 N. in Humble; First Colony Mall at 16535 Southwest Freeway in Sugar Land; The Woodlands Mall at 1201 Lake Woodlands Drive in The Woodlands; and at Willowbrook Mall at 2000 Willowbrook Drive in Houston. The stores range from 50,000 square feet to 83,000 square feet. The Pittsburgh-based chain operates more than 645 stores in 47 states.
SAN ANTONIO — Homewood Suites by Hilton San Antonio Airport is now open. Baywood Hotels Inc. developed and owns the 112-room property, which is located at 8531 Broadway St. The hotel offers studio and one-bedroom units, featuring fully equipped kitchens and separate living and sleeping areas. Guests also receive a complimentary breakfast, evening social Monday through Thursday, Wi-Fi access and grocery shopping service. Community amenities include a fitness center and indoor pool, and the hotel provides a free shuttle service within a three-mile radius.
ARLINGTON, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation. Going forward, the brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors). The merger enables the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. Senior management in metro Dallas includes chief operating officer Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, along with seven support staff. The firm is headquartered at 255 N. Center St. in Arlington, and has a Fort Worth office at 1300 S. University Drive. The Dallas office has just completed the process to join the network, which totals 30 offices nationally.
PLANO, TEXAS — Pacific Southwest Realty Services (PSRS), a California-based commercial mortgage banking firm, has closed a $7.6 million, 16-year non-recourse loan for a Los Angeles-based borrower with John Hancock Life Insurance Co. The deal is for a 135-unit one- and two-bedroom apartment complex in Plano. Michael Tanner of PSRS arranged the loan, which includes a fixed interest rate and a 30-year amortization schedule. PSRS will service the loan for the balance of the term.
COTULLA and DILLEY, TEXAS — CBRE Hotels has arranged the sale of the 45-room Super 8 Cotulla and 45-room Super 8 Dilley. A North Carolina-based hospitality management and investment company purchased the assets from an Illinois-based bridge lender. Michael Yu, Rahul Bijlani and James Foxx of CBRE Hotels represented the seller. Yu, Bijlani and Tyler Bean, also with CBRE Hotels, represented the buyer. Super 8 Cotulla is located 90 miles south of San Antonio at 669 N. Baylor St. in Cotulla, and Super 8 Dilley is located 74 miles south of San Antonio at 16301 S. I-35 in Dilley.
RICHARDSON, TEXAS — SHOP Cos. has brokered the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property in Richardson. Eastside is located at the intersection of Campbell Road and U.S. 75. The property was 93.9 percent leased at the time of sale to tenants including 7-Eleven, Panera Bread, Scottrade, T-Mobile, Jersey Mike’s, Frost National Bank and Sport Clips. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the seller, SG Retail Development Partners, a Dallas-based limited partnership, and procured the buyer, Retail Properties of America Inc., an Illinois-based corporation.
PLANO, TEXAS — MYCON General Contractors has broken ground on the Spring Creek Center Medical Office Building (MOB), located near the southwest corner of Spring Creek Parkway and the Dallas North Tollway in Plano. The $5.8 million project consists of site work and shell construction of the two-story, 48,000-square-foot facility. The project team includes owner/developer Haggard Property Group, owner’s representative Bjerke Management Solutions and project architect O’Brien Architects. The Spring Creek Center MOB is scheduled for completion in October.
HARLINGEN, TEXAS — Marcus & Millichap has arranged the sale of West Jefferson Avenue Office, a 35,061-square-foot office property located in Harlingen. Kenneth Hartmann and Joshua Murphy of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, a private investor. Murphy and Hartmann also secured and represented the buyer, an individual/personal trust. West Jefferson Avenue Office is located at 1820 W. Jefferson Ave. and consists of two separate buildings built in 1996 and 1998. Government tenants have been in place since construction.
GRAND PRAIRIE, TEXAS — Lee & Associates has completed a new lease transaction for a 38,400-square-foot industrial space located at 1205 Post & Paddock in Grand Prairie. Reed Parker and Tom Walrich of Lee & Associates’ Dallas/Fort Worth office represented the landlord, Prologis. Canon Shoults and Matt McWilliams of Holt Lunsford Commercial represented the tenant, Omnilife USA Inc.