HOUSTON — The Houston Housing Authority (HHA), a provider of homes for low-income Houstonians, will break ground on a 154-unit multifamily property located at 302 Crosstimbers St. on Monday, March 20. The project for mixed-income residents represents HHA’s first multifamily development in the Independence Heights neighborhood, located slightly northwest of downtown, in more than a decade.
CORPUS CHRISTI, TEXAS — Marcus & Millichap has brokered the sale of Clear Sky Retail Center, a 9,717-square-foot property located at 1805 S. Padre Island Drive in Corpus Christi. Built in 2003, the center is situated on nearly one acre and was 100 percent occupied at the time of sale to tenants such as GameStop, Ace Cash Express and Sally Beauty Supply. Philip Levy of Marcus & Millichap represented the seller, an unspecified developer, and procured the buyer, a private investor.
CYPRESS, TEXAS — An affiliate of United Equities Inc. has sold Fry-529 Retail Center, a 115,000-square-foot retail center in Cypress, a northwestern suburb of Houston. The buyer was undisclosed. Anchored by Fiesta Mart and Goodwill Select Stores, the center was 98 percent occupied at the time of sale.
TIOGA, TEXAS — Younger Partners has arranged the sale of a 200-acre parcel on McKnight Road near U.S. Highway 377 in Tioga, a city about 50 miles south of the Oklahoma border. The site lies across the street from where ground has been broken for the new Tioga High School. Ben McCutchin of Younger Partners represented the seller, Grass Roots Investments of Granbury, and the buyer, a private investor, in the sale-leaseback transaction.
GRAND PRAIRIE — Duke Realty and its joint venture partners, Baylor Scott & White Health, have broken ground on a 27,149-square-foot medical center. The hospital will be located just off State Highway 360 in Grand Prairie, roughly midway between Dallas and Fort Worth. Situated on a 2.4-acre plot, the two-story hospital will house a full-service emergency care unit, physician offices and an outpatient clinic. Delivery is slated for summer 2017.
WILMER, TEXAS — Colliers International Group Inc. has finalized the sale of 33.6 acres at Sunridge Business Park, an industrial site located at Fulghum Road near Interstate 45 in Wilmer, a city on the southern outskirts of Dallas. Chris Teesdale and Tom Pearson of Colliers represented Sunridge Business Park in the transaction. Pete Richardson of Primera Cos. represented the buyer, GP Storage LLC.
SAN ANTONIO — BMC Capital has arranged a $5.2 million loan for the purchase of Hidden Meadow Apartments, a 159-unit multifamily complex located at 5959 Wurzbach Road in San Antonio. Keith Van Arsdale of BMC secured the non-recourse loan, which features a 5.1 percent fixed interest rate and a 30-year amortization schedule. The names of the lender and borrower were not disclosed.
TYLER, TEXAS — Civitas Senior Living, a Fort Worth-based seniors development and management firm, has acquired The Hamptons Retirement Community at Greenridge, located at 4250 Old Omen Road in Tyler, a city approximately 100 miles east of Dallas. The deal adds 120 independent and 56 assisted living apartments, as well as 30 cottage-style residences and 38 memory care suites, to Civitas’ inventory.
CARROLLTON, TEXAS — Cushman & Wakefield has arranged a 59,859-square-foot lease at Metroplex Tech Center, a 105,000-square-foot office property located at 3000 Kellway Drive in the north Dallas suburb of Carrollton. Dean Collins and Mark Collins of Cushman & Wakefield represented the subleasing tenant, mortgage loan servicing firm Fay Servicing, in the transaction. Bret Hefton and Greg Langston of Avison Young represented the original tenant, Securus Technologies, which leased the space from Hudson Advisors, the property owner.
FORT WORTH, TEXAS — Henry S. Miller Brokerage Co. has closed the sale of a 64,292-square-foot, two-story building located at 15100 FAA Blvd. in Fort Worth. An AT&T call center most recently occupied the Class B office property, which is part of CentrePoint Business Park near Airport Freeway and the President George Bush Turnpike. Jim Turano and Lily Chang of HSM represented the seller, Lindy-Zell AT&T Texas LLC. The representative of the buyer, CCI-15100 FAA, and the sales price were not disclosed.