Texas

CMG Mortgage to Expand Regional Office in Metro Dallas

by Haisten Willis October 5, 2016

IRVING, TEXAS — CMG Mortgage Inc. is increasing the size of its north Texas regional office, finalizing a 10,951-square-foot lease in an expansion and long-term extension for Class A office space in Irving. The California-based company has secured 3,350 square feet adjacent to its 7,601-square-foot office on the first floor of Freeport Corporate Center, a two-story suburban office building located at 8650 Freeport Parkway S. The extra space will be ready to occupy this week. Kevin Brookmole of Dallas-based Bradford Commercial Real Estate Services represents the landlord, Slate Freeport Holdings LLC. Steve Herman of Herman Commercial Real Estate in Walnut Creek, Calif., represented CMG, which has a nationwide network of mortgage offices. Both leases are co-terminus.

October 5, 2016

Colvill Arranges Pair of Office Leases in Houston

by Haisten Willis October 5, 2016

HOUSTON — Colvill Office Properties has arranged two office lease transactions at Citycentre Five, a 15-story, 227,000-square-foot office building in Houston. The transactions include a 13,226-square-foot lease to Five Point Capital Partners and a 4,357-square-foot lease to Credera. The two deals bring the Class A asset to 77 percent occupancy. Michael Anderson and Connor Saxe of Colvill Office Properties represented the landlord, Midway, in the lease transactions. Michelle Wogan of Transwestern represented Five Point Capital Partners, and Nick Terry of Caldwell Cos. represented Credera.

October 5, 2016

Industrial Texas

Brennan Acquires Manitex Industrial Facilities in Metro Austin

by Haisten Willis October 5, 2016

GEORGETOWN, TEXAS — Brennan Investment Group LLC, a private real estate investment firm, has acquired a three-building industrial campus located at 3000 S. Austin Ave. in Georgetown. The 192,060-square-foot development is 100 percent leased to Manitex Inc., a provider of lifting and loading products. The property has access to I-35.

October 5, 2016

Hospitality Texas

CBRE Hotels Brokers Sale of Homewood Suites by Hilton in San Antonio

by Haisten Willis October 4, 2016

SAN ANTONIO — CBRE Hotels has brokered the sale of a 109-room Homewood Suites by Hilton at 215 Richland Hills Drive in San Antonio. Good Day Properties LLC purchased the limited-service hotel from SAT Westlakes LLC for an undisclosed price. Michael Yu, Rahul Bijlani and Agrama Mannapperuma of CBRE Hotels represented the seller and the buyer. Homewood Suites by Hilton Lackland AFB/SeaWorld was built in 2013 and features studio and one-bedroom suites.

October 4, 2016

Industrial Texas

NXT Capital Finances Acquisition of Seven Multi-Tenant Warehouse Buildings in Austin

by Haisten Willis October 4, 2016

AUSTIN, TEXAS — NXT Capital has financed the acquisition of seven multi-tenant warehouse/distribution buildings in Austin. The buildings total 460,000 square feet. The properties offer access to metro Austin via I-35, Highway 290, Highway 183 and Loop 1. All are within a 30-minute drive to Austin-Bergstrom International Airport. Seth Parker in the Dallas office of NorthMarq Capital brought the loan to NXT Capital.

October 4, 2016

Industrial Texas

Waterman Steele Negotiates Sale of 30 Acres to Galveston Bay Foundation

by Haisten Willis October 4, 2016

KEMAH, TEXAS — Waterman Steele Real Estate Advisors has negotiated the sale of 30 acres in Kemah. Zircon Properties Inc., a Maryland corporation, and Beethoven Realty Associates, a Maryland limited liability company, were the sellers. The Galveston Bay Foundation, a Texas nonprofit corporation, was the buyer. The land is located on the east side of State Highway 146 near its intersection with State Highway 96. Waterman Steele’s Lance Gilliam and Adrian Ramirez represented the seller. Doug Nicholson with Newmark Grubb Knight Frank represented the buyer. The Galveston Bay Foundation was established in 1987 to address issues and concerns related to Galveston Bay. The foundation’s mission is to preserve, protect and enhance the natural resources of the Galveston Bay estuarine system and its tributaries for the community.

October 4, 2016

Hospitality Loans Texas

Aries Capital Arranges $6.3M CMBS Loan for Comfort Suites in Waco

by Haisten Willis October 4, 2016

WACO, TEXAS — Rushi Shah of Aries Capital’s Chicago office has secured a $6.3 million non-recourse CMBS loan for a 94-key Comfort Suites in Waco. The loan was secured on behalf of the borrower, TJ Patel of Pavansut Hotels LLC. The borrower used the 10-year, fixed-rate loan to pay off an existing full-recourse SBA loan.

October 4, 2016

Industrial Multifamily Office Retail Texas

Engvest Commercial Realty Becomes First Dallas Affiliate for Sperry Commercial

by Haisten Willis October 4, 2016

DALLAS — Sperry Commercial Global Affiliates has announced a new franchise affiliate, Dallas-based Engvest Commercial Realty LLC. The first Dallas/Fort Worth affiliate to join Sperry Commercial, Engvest was founded by Daniel Eng to serve its clients as a full-service commercial real estate investment firm. Eng and his business partner Calvin Wong will provide leasing, acquisitions, disposition and property management services under the Sperry Commercial Global Affiliates brand. Engvest brings more than 1 million square feet of retail center listings to the platform.

October 4, 2016

Hospitality Mixed-Use Restaurant Retail Texas

Transwestern Arranges Sale of 90-Acre Tract for 500,000 SF Mixed-Use Development

by Haisten Willis October 3, 2016

FORT WORTH, TEXAS — Transwestern has brokered the sale of Presidio North, a retail development site in Tarrant County. Las Vegas-based Diversified Real Estate Group sold the property for an undisclosed price to a locally owned development partnership controlled by the De La Vega Group. Transwestern’s Steve Williamson represented both parties in the transaction. Presidio North, located at the southwest corner of I-35 West and Heritage Trace Parkway, consists of 90 acres in north Fort Worth. Transwestern will provide marketing and leasing services for the mixed-use project, which will be renamed The Citadel. De La Vega plans to develop 500,000 square feet of retail, restaurant, hotel and entertainment space at the site.

October 3, 2016

Office Texas

CBRE Arranges Sale of Airport Centre I & II in Metro Dallas

by Haisten Willis October 3, 2016

BEDFORD, TEXAS — CBRE has arranged the sale of Airport Centre I & II, a Class A office complex located in Bedford near the Dallas/Fort Worth International Airport. The property consists of two two-story buildings totaling 251,168 square feet and an overall parking ratio of 5.8 per 1,000 square feet. Constructed in 2000 and 2001, Airport Centre I and II feature 10-foot ceiling heights. With an occupancy rate of 81.6 percent, the property serves as the headquarters of Warrantech Corp. Stanton Road Capital purchased the asset from Allegiancy Houston LLC for an undisclosed price. CBRE’s Eric Mackey, Gary Carr, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh arranged the transaction on behalf of the seller.

October 3, 2016

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