Texas

GuideIT Expands to Over 17,000 SF at Plano Tower in Metro Dallas

by Haisten Willis November 10, 2015

PLANO, TEXAS — Boxer Property has concluded long-term lease negotiations on a 17,000-square-foot lease with GuideIT, a Perot company. GuideIT has been a tenant of Boxer in the Plano Tower building since early 2013. Plano Tower is located at 101 E. Park Blvd. and is owned and managed by Boxer Property. Mark Dowdle, of Boxer Property’s Dallas office, negotiated the agreement on behalf of Boxer, and Louis Pascuzzi of Jackson Cooksey represented GuideIT. Plano Tower includes 13 stories with a total of 225,445 square feet of office space for rent. The Class A building features a mirrored glass exterior, surface and covered parking, an upgraded lobby, granite floors, elevator service, on-site banking services and drop boxes.

November 10, 2015

$72M Expansion Project Begins on The Buckingham in Houston

by Haisten Willis November 10, 2015

HOUSTON — Construction has begun on 183 new residences at The Buckingham, a seniors housing community in Houston. Once completed, the $72 million construction project will add 80 new jobs to the local economy and provide living for nearly 200 additional residents. Located at 8580 Woodway Drive, The Buckingham currently includes 205 independent living residences, 43 private assisted living apartments, 16 private memory support apartments and 60 private skilled nursing suites. Six additional acres were acquired to accommodate the project, which will add 106 independent living apartment homes, 27 assisted living suites, 18 memory care residences, 32 private skilled nursing rooms, additional underground parking and more surface level spaces. The new independent living apartment homes will be offered in one-, two- and three-bedroom floor plans.

November 10, 2015

Office Texas

Bracewell & Giuliani Renews 189,061 SF Lease at Pennzoil Place in Houston

by Haisten Willis November 10, 2015

HOUSTON — Bracewell & Giuliani LLP has signed a 189,061-square-foot, long-term lease renewal at Pennzoil Place, located at 711 Louisiana St. in Houston. David Lee, Doug Little and Ben Quinton of Transwestern’s Houston headquarters negotiated the deal on behalf of the building owner, Metropolis Investment Holdings Inc. Bracewell & Giuliani is an international law firm with 450 lawyers in Texas, New York, Washington, D.C., Connecticut, Seattle, Dubai and London, serving Fortune 500 companies, major financial institutions, leading private investment funds, governmental entities and individuals concentrated in the energy, technology and financial services sectors worldwide. Tim Relyea and Brooke Wommack of Cushman & Wakefield represented the tenant.

November 10, 2015

Children's-Health-Andrews-Institute-Rendering-Front-entrance

Healthcare Texas

McCarthy to Build New Healthcare Facility in Metro Dallas

by Haisten Willis November 9, 2015

PLANO, TEXAS — McCarthy Building Cos. has been awarded a new facility that will house the Children’s Health Andrews Institute for Orthopaedics and Sports Medicine on the Children’s Health Plano campus. McCarthy partnered with design architect Page on the development, which broke ground on Nov. 6. Located on the southwest corner of Preston Road and Quincy Lane, the facility will house the new Children’s Health Andrews Institute, the first institute of its kind in Texas, offering pediatric orthopaedic and sports medicine care, as well as pediatric-focused injury prevention, rehabilitation and therapy. When completed in 2017, the four-story, 185,000-square-foot building will include four operating rooms, an imaging center, physical therapy space and orthopaedic and other pediatric clinics. The institute will also feature indoor and outdoor athletic performance facilities, including a half-size football field and running track. A new five-level parking structure accommodating 1,000 cars will connect to the building.

November 9, 2015

Office Texas

CREA Investments Acquires Three Office Buildings in Metro Dallas

by Haisten Willis November 9, 2015

ADDISON, LAS COLINAS AND RICHARDSON, TEXAS — CREA Investments, a privately held real estate investment services firm, has acquired three office buildings in the Dallas area. The properties include The Belvedere,in Addison, The Meridian in Las Colinas and 2929 NCX in Richardson. Cushman & Wakefield will handle leasing and management services for all three properties. The Belvedere, which features 141,180 square feet of Class A office space, will undergo renovations to corridors, restrooms and the building lobby. The asset also offers 100 percent structured parking. The Meridian, which features 100,359 square feet of office space, will undergo renovations to all corridors, restrooms and a tenant lounge, as well as building systems. Capital improvements also include the addition of spec suites on two floors. 2929 NCX features 85,089 square feet of office space. Since the acquisition, renovations to the lobby, corridors, and restrooms have been completed. Spec suites ranging from 1,500 square feet to 2,000 square feet are also under construction. In addition, the building has been repainted.

November 9, 2015

Retail Texas

M&M Arranges Sale of 27,611 SF Retail Property in Irving

by Haisten Willis November 9, 2015

IRVING, TEXAS — Marcus & Millichap has arranged the sale of Shops at Regent Cross, a 27,611-square-foot retail property located in Irving. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a developer. Ronnie Issenberg and Gabriel Britti of the firm’s Miami office secured the buyer, a private investor. Shops at Regent Cross is located at 3601 Regent Blvd. in Irving. The property is a 27,611-square foot, multi-tenant retail center that is 100 percent occupied. Tenants include Zushi Wok and Grill, BurgDawgs, Cavalli Pizza, Anytime Fitness, Salsa’s Mexican Grill, Indian Café, Scott R. Alexander DDS, Burrito Jimmy, Paragon Cleaners, Advantage HR, Saladworks, AT Donuts and Subway. The building was constructed in 2007 and sits on 3.9 acres. The property is located off of LBJ Freeway (I-635) on Regent Boulevard at its intersection with Belt Line Road.

November 9, 2015

Grand-Prairie-Texas-Wildlife-Commerce-Park-Buildng

Industrial Texas

Binswanger Negotiates 341,120 SF Lease at Wildlife Commerce Park in Grand Prairie

by Haisten Willis November 9, 2015

GRAND PRAIRIE, TEXAS — On behalf of Zenith Freight Lines, Binswanger has arranged a temporary 86,100-square-foot industrial lease at Wildlife Building 2, part of Wildlife Commerce Park located at 715 Wildlife Parkway in Grand Prairie. Wildlife Building 2 is a 345,000-square-foot, divisible Class A warehouse facility. Additionally, Zenith Freight Lines has entered into a lease agreement for a total of 341,120 square feet at Wildlife Building 5, which it will move into once construction is completed. Zenith is a specialized supply chain solutions provider. The company plans to use the property for the manufacturing and distribution of furniture. When completed, Wildlife Building 5 will span 682,240 square feet. At full buildout, Wildlife Commerce Park will be home to 2.8 million square feet of industrial space in nine buildings along with a 100-acre lake. Kipp Collins of Binswanger’s Dallas office handled the transaction for the tenant. Will Mundinger handled the transaction for the landlord, Crow Holdings.

November 9, 2015

Multifamily Texas

Westmount Acquires The Colonnade Apartment Homes in Grand Prairie

by Katie Sloan November 6, 2015

GRAND PRAIRIE, TEXAS — Westmount Realty Capital LLC has acquired The Colonnade Apartment Homes, a 192-unit multifamily community located at 2815 Osler Drive in Grand Prairie. Will Balthrope and Drew Kile of Institutional Property Advisors (IPA), alongside Al Silva of Marcus & Millichap, represented the undisclosed seller. Balthrope, Kile, Silva and Rowan Burch of IPA procured the buyer in the transaction. The Colonnade is a gated community that features amenities including a fountain swimming pool, 24-hour fitness center, sand volleyball court, covered parking, detached garages, private outside patios and storage closets. Units at the complex feature double-sided steel exterior doors with door viewers and privacy locks, energy-efficient heating and air conditioning, decorative ceiling fans, nine-foot ceilings with crown moldings and master suites with garden tubs.

November 6, 2015

Multifamily Texas

Marcus & Millichap Arranges Sale of Quail Hollow Apartments in Dallas

by Katie Sloan November 6, 2015

DALLAS — Marcus & Millichap has arranged the sale of Quail Hollow Apartments, a 120-unit multifamily property located at 9666 Scyene Road in Dallas. Stephen Crittenden of Marcus & Millichap worked on behalf of the seller, a limited liability company, and procured the buyer, a private investor, in the transaction. The 75 percent occupied community is comprised of studio, one- and two-bedroom units.

November 6, 2015

Multifamily Texas

SEVEN Multifamily Community Opens in Austin

by Katie Sloan November 6, 2015

AUSTIN, TEXAS — Monogram Residential Trust Inc. has opened SEVEN, a 24-story, 220-unit Class A multifamily community located on W. Seventh Street in downtown Austin. The community was developed in partnership with CWS Capital Partners LLC. Units are equipped with Nest thermostats, and Google Fiber Optics will be fully integrated throughout the community in early 2016. Amenities at SEVEN include electric car charging stations, bike repair services, storage space, a sun deck and infinity pool, valet dry-cleaning and complimentary Whole Foods Market delivery. Units feature full-sized washers and dryers and built-in computer workstations. Monogram and Monogram Residential Master Partnership LLP, a joint venture between Monogram and PGGM Private Real Estate Fund, provided equity for SEVEN.

November 6, 2015

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