HOUSTON — G&A Partners, a professional employer organization and HR services provider, has relocated its corporate headquarters to Houston’s energy corridor. The new office, located in the Westgate complex at 17220 Katy Freeway, will allow the company to increase its operational capacity by providing additional square footage and modern amenities. With many of its more than 150 Houston-based employees living on the north and west sides of the city, G&A decided that moving to the energy corridor would decrease commute times for its employees. G&A partnered with CBRE’s Kevin Kushner for tenant representation services, including site selection and lease negotiations. The building’s layout, designed by Ziegler Cooper Architects, features breakout and conference rooms and an open floor plan. The company moved into the new space this month.
ROWLETT, TEXAS — Metropolitan Capital Advisors has arranged a $5.1 million construction loan for First Choice Emergency Room, located in Rowlett. The 0.8-acre tract is located off the northwest corner of Rowlett Road and Highway 66. The three-year loan, funded by Happy State Bank, includes one year of interest-only payments, a 4.75 percent fixed interest rate and a 25-year amortization schedule. The nearest hospital is the Lake Pointe Medical Center 3.5 miles east of downtown Rowlett across Lake Ray Hubbard.
DALLAS — Marcus & Millichap has negotiated the sale of Sedona Ridge, a 317-unit apartment community in Dallas. Built in 1983, the apartment complex is located at 11100 Walnut Hill Lane, near its intersection with I-635. Richland College, Texas Health Presbyterian Hospital and the global headquarters of Texas Instruments are nearby. Recent exterior improvements to Sedona Ridge include new signage, floodlighting, closed-circuit security cameras and additional parking spaces. Interior enhancements include brushed-nickel kitchen and bathroom fixtures and black appliance packages.
CEDAR PARK, TEXAS — Bellomy & Co. has brokered the sale of LockTite Storage – Lakeline in Cedar Park. The Class A facility, renovated in 2013, consists of 351 climate and non-climate-controlled units spanning 56,395 square feet. Cedar Park is located 18 miles northwest of downtown Austin. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. listed the facility on behalf of the Austin-based seller. The trio also procured the buyer, Public Storage, a publically traded REIT headquartered in Glendale, Calif.
BEDFORD, TEXAS — Adam Smith’s Texas Harley-Davidson has opened a new dealership in Bedford. In March 2015, design/build contractor Bob Moore Construction broke ground on the new home for Texas Harley-Davidson, intended to consolidate the company’s operations into one facility and give it room to expand in the future. The new dealership features 71,000 square feet of retail, office and service department space. A large metal awning with black trim spans the front and side of the building, with metal panels and sections of glass curtain wall showcase the motorcycles within. The building is fronted with 100,000 square feet of customer parking and paved motorcycle display space. Behind the building is a driver’s training space to support the safety classes provided by Texas Harley-Davidson. The interior retail space was designed to provide a dynamic blend of old style warehouse and industrial styles. Stained finish concrete accented with wood taken from old wine and whiskey barrels accent the showroom. The walls feature Harley-Davidson artwork along with sections of old brick.
DEER PARK, TEXAS — The Dow Chemical Co. has leased 75,920 square feet in Deerwood Office III, an office building under construction at 4460 State Highway 225 in Deer Park. Completion of the 98,230-square-foot, two-story building is scheduled for August 2016. Clay Development and Construction, is the developer of Deerwood Office III, the third building in the office park section of Deerwood Glen Business Park, a 150-acre site acquired by Clay in 2008. Deerwood Glen III is now 77 percent leased. A fourth office building is planned in the park. Craig Beyer, Jeff Cutler and Kristian Nielsen of CBRE represented Dow in the transaction, and Charlie Christ of Clay Development & Construction represented the landlord in lease negotiations. Deerwood Office III is located on 8.6 acres and features 50,293-square-foot floorplates. The property has a parking ratio of four spots per 1,000 square feet.
DALLAS — LaSalle Investment Management has acquired RiverPoint Commerce Center in Dallas. The property includes two fully leased industrial buildings in the Great Southwest submarket. Developed and leased by Stream Realty Partners, RiverPoint Commerce Center spans 602,958 square feet with direct access to the George Bush Turnpike, SH 183, SH 360 and I-30.
IRVING, TEXAS — Brian Gramlich of BMC Capital’s Dallas office has arranged a $6 million loan for the cash-out refinance of a multifamily property in Irving. The five-year loan features a 3.6 percent fixed interest rate and a 25-year amortization schedule. The loan was secured through one of BMC Capital’s correspondent banking relationships.
SAN ANTONIO — Kennedy Wilson has represented Hartman Income REIT Management in a lease with Galen College of Nursing to expand to nearly 68,000 square feet at One Technology Center. The property is located at 7411 John Smith Drive in San Antonio. Suzanne Havekost of Kennedy Wilson represented the landlord and negotiated directly with the tenant on the transaction. Galen leased 24,000 square feet at One Technology Center in 2008 and gradually grew to 41,800 square feet. One Technology Center is a 14-story, 196,000-square-foot office building located on the west side of the South Texas Medical Center. In addition to Galen College of Nursing, tenants include the Veterans Administration, University of Texas Health Science Center South, BSG and Progressive Insurance.
ENNIS, TEXAS — Marcus & Millichap has negotiated the sale of Holiday Inn Express & Suites Ennis, a 68-room hotel located in the Dallas suburb of Ennis. Chris Gomes of Marcus & Millichap’s Dallas office, Allan Miller of the firm’s San Antonio office and Skyler Cooper of the firm’s Houston office marketed the property on behalf of the seller, a limited liability company. Gomes and Miller also procured the buyer, a private investor. Holiday Inn Express & Suites Ennis is located at 601 N. Sonoma Trail, near I-45 and Highway 34. Built in 2008, the four-story, limited service hotel is situated on 2.5 acres. Amenities at the hotel include an indoor swimming pool and hot tub.