Texas

Marcus & Millichap Brokers Sale of 173,667 SF Power Center in Brownsville, Texas

by Amy Works November 10, 2016

BROWNSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Resaca Village, a retail power center located at 1601 E. Price Road in Brownsville. MIMCO acquired the 173,667-square-foot property for an undisclosed price. At the time of sale, the property was 96 percent occupied by Big Lots, Fallas, the University of Texas at Brownsville, CSL Plasma, Harbor Freight Tools, Family Dollar and Tuesday Morning. The asset was constructed in 1974 and 1994 and renovated in 2005 and 2014. Philip Levy of Marcus & Millichap represented the seller, an Austin-based partnership, in the deal.

November 10, 2016

Colliers Negotiates Sale of 12,300 SF Medical Office Building in Houston

by Amy Works November 10, 2016

HOUSTON — Colliers International has brokered the sale of a medical office building located at 150 FM 1959 in Houston. WHGS Holdings Co., dba Coastal Surgical Group, sold the property for an undisclosed price. Built in 2007, the property features 12,300 square feet of medical office space. Beth Young and Marshall Clinkscales of Colliers represented the seller, while Cameron Crouch of Gulf Coast Properties represented the undisclosed buyer in the transaction.

November 10, 2016

Loans Office Texas

Q10 KDH Arranges $8.4M Refinancing for Office Building in Plano

by Amy Works November 10, 2016

PLANO, TEXAS — Houston-based Q10 Kinghorn, Driver, Hough & Co. (Q10 KDH) has arranged the $8.4 million cash-out refinancing for Republic Office Building located in Plano. Goldman Sachs provided the funding, which features a 10-year term and a 30-year amortization schedule. Travis Fite of Q10 KDH arranged the financing for the undisclosed borrower.

November 10, 2016

Retail Texas

JLL Facilitates Sale of 95,557 SF Retail Property in Dallas

by Amy Works November 10, 2016

DALLAS — JLL has brokered the sale of the former John Roberts BMW retail property located at 2536 Forest Lane in Dallas. AutoNation Luxury Imports Ltd. sold the 96,557-square-foot property, including its 6.2-acre land parcel, for an undisclosed sum. Clay Smith, Mark Newman and Katie Carlisle of JLL represented the seller, while Mark Adame of Joe Adame & Associates Inc. represented the undisclosed buyer in the transaction.

November 10, 2016

Loans Retail Texas

NorthMarq Secures Refinancing for 18,995 SF Retail Property in Houston

by Amy Works November 10, 2016

HOUSTON — NorthMarq Capital has secured refinancing for Beechnut Tiendas, a retail center located in Houston. Warren Hitchcock of NorthMarq Capital arranged the financing through a life insurance company for the undisclosed borrower. Pollo Campero, Supermercado Teloloapan, T-Mobile and Shipley Do-Nuts occupy the 18,995-square-foot property.

November 10, 2016

Loans Multifamily Texas

Dougherty Mortgage Closes $9.3M Acquisition Loan for Multifamily Property in San Antonio

by Amy Works November 9, 2016

SAN ANTONIO — Dougherty Mortgage has closed a $9.3 million Fannie Mae loan for the acquisition of Ridge at Southcross, a 212-unit multifamily property located in San Antonio. The borrower was 4700 Stringfellow LLC. The 12-year loan was arranged through a partnership with Old Capital Lending and Dougherty’s Vienna, Va., office. The loan features a 30-year amortization schedule and three years of interest-only payments.

November 9, 2016

Industrial Texas

NAI Partners Arranges Sale of 57,360 SF Manufacturing Facility in Houston

by Amy Works November 9, 2016

HOUSTON — NAI Partners has arranged the sale of a crane-served manufacturing facility located at 8550 Telephone Road in Houston. Metal Works Properties sold the 57,360-square-foot property to Durco Ltd. for an undisclosed price. Chris Caudill of NAI Partners represented the seller, while Barrett Gibson and Jeff Peltier of Colliers International represented the buyer in the deal.

November 9, 2016

Loans Retail Texas

NorthMarq Capital Negotiates Refinancing for Retail Property in Houston

by Amy Works November 9, 2016

HOUSTON — NorthMarq Capital has arranged refinancing for Northville Plaza, a retail property located in Houston. Mattress One, Tile Max and Allstate occupy the 14,400-square-foot property. Warren Hitchcock of NorthMarq Capital’s Houston office arranged the non-recourse, 15-year fixed-rate loan on behalf of the undisclosed borrower.

November 9, 2016

Retail Texas

Marcus & Millichap Brokers Sale of 16,500 SF Retail Property in Little Elm, Texas

by Amy Works November 9, 2016

LITTLE ELM, TEXAS — Marcus & Millichap has arranged the sale of Lake Shore Crossing, a retail property located in Little Elm. A developer sold the 16,500-square-foot property to a private investor for an undisclosed sum. At the time of sale, the property was fully occupied to a variety of tenants on triple-net leases. Bill Jordan of Marcus & Millichap represented the seller and secured the buyer in the deal.

November 9, 2016

Office Retail Texas

ECR Facilitates Four Office, Retail Leases in Austin

by Amy Works November 9, 2016

AUSTIN, TEXAS — Equitable Commercial Realty (ECR) has facilitated four office and retail leases in Austin. In the first transaction, Herbert J. Sims & Co. leased 966 square feet of office space at 815 Brazos. Patrick Ley and Rebecca Zigterman of ECR represented the undisclosed landlord, while Jon Wheless of Aquila Commercial represented the tenant. In the second deal, Timeless Interiors Inc. leased 9,683 of office square feet at 1110 S RR 620. Ley and Haley Smith of ECR represented the undisclosed landlord. In the third transaction, Berserk Games leased 775 square feet of retail space at 800 Brazos from an undisclosed landlord. Jason Steinberg and Matt Levin of ECR represented the landlord, while Steve Gillespie of Texas Office Advisors represented the tenant. In the final deal, Buildfax leased 3,414 square feet of office space at the Heierman Building, located at 115 E. 5th St. Steinberg and Haley Berry Smith of ECR represented the undisclosed landlord, while Gaines Bagby of CBRE represented the tenant.

November 9, 2016

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