DALLAS — Lee & Associates has negotiated a lease transaction for a 34,776-square-foot industrial space located at 10515-10537 Miller Road in Dallas. Ken Wesson of Lee & Associates represented the tenant, Shearer Supply. Brett Lewis and George Tanghongs of Lee & Associates represented the landlord, Colony Financial.
HALTOM CITY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Apartments at Amesbury Court, a 312-unit multifamily community in Haltom City. Will Balthrope, Drew Kile and Rowan Burch represented the seller and procured the buyer, Hamilton Zanze, in the transaction. The property is located at 4699 Fossil Vista Drive at its intersection with North Beach Street. Amesbury Court feature nine- and 10-foot ceilings with crown moldings, full-size washer/dryers, patios or balconies, and maple cabinetry. Select units include travertine wood-burning fireplaces with mantels and French doors. Community amenities at Amesbury Court include controlled gate access entry, two pools, 104 detached garages, 87 carport parking spaces, a fitness center, multi-purpose sport courts, a business center and on-site car care.
HOUSTON — Cousins Properties has completed its multi-million dollar renovation at 3 Greenway Plaza, part of the 4.4 million-square-foot Greenway Plaza campus. The completed renovations include a redone lobby and concourse levels, with marble tile and wood finishes, new lighting fixtures and furniture, commissioned art installations throughout and updated parking garage elevator banks. Cousins is also working on a new, 12,000-square-foot fitness center and improvements to The Shops at Greenway Plaza, set to be completed in the second quarter of 2016. These are the first common area upgrades at Greenway Plaza since 1998.
CORPUS CHRISTI, TEXAS — Stream Realty Partners has arranged the sale of The Reserve at Saratoga, a 274-unit apartment community in Corpus Christi. The property is located at 5701 Saratoga Blvd., in Corpus Christi’s south side. Jeff Patterson and Kelly Witherspoon of Stream Realty’s Austin office represented the joint venture between Fogelman Properties and Bridge Partners selling the apartment complex to Miller Frishman Group. The 14.8-acre property, built in 2006, encompasses 12 three-story residential apartment buildings. Property amenities include controlled-access gates, a pool and outdoor kitchen, fitness center with an indoor basketball court and a community clubhouse. Apartment amenities include nine-foot ceilings with crown molding, washer and dryer connections in each unit, a valet waste service, balconies and patios, and direct-access attached garage options.
EL PASO, TEXAS — Capital Square Realty Advisors has acquired a newly constructed, 19,855-square-foot medical rehabilitation facility in El Paso that is 100 percent leased to Mentis Neuro El Paso. Located at 4360 Doniphan Drive, the single-story building was designed and built for use as a rehabilitation facility. The specialized building was completed earlier this year and is situated on 2.6 acres, which includes 46 parking spaces. The facility includes a therapy gym, full-service kitchen, outdoor patio and living areas. Mentis Neuro El Paso is a wholly owned subsidiary of Mentis Neuro Rehabilitation, which provides post-acute neurorehabilitation.
CEDAR PARK, TEXAS — The Austin office of Cadence McShane Construction Co. has completed the 23,150-square-foot headquarters and manufacturing facility for Voltabox of Texas Inc. The build-to-suit facility is located on a six-acre site at 1500 Volta Drive that Voltabox acquired from master developer TIG Real Estate Services. It is part of Scottsdale Crossing Commerce Park. Voltabox of Texas, and Voltabox Deutschland GmbH are suppliers of lithium ion batteries for all types of vehicle-based and stationary uses. The building is the firm’s first North American operation. Cadence McShane constructed the facility utilizing a steel frame and insulated tilt-wall panels. The main entrance and office component of the headquarters facility feature a glass curtain wall exterior accented with red metal panels complementing the Voltabox brand. The interior of the building includes a 20-foot clear height and four dock doors.
ADDISON AND IRVING, TEXAS — HFF has arranged the sale of and financing for The Meridian and The Belvedere, two Class A office buildings totaling 241,539 square feet in Addison and Irving. HFF marketed the properties on behalf of the seller, Klabzuba Realty. CREA Investments purchased the two buildings for an undisclosed amount free and clear of debt. Additionally, HFF secured floating-rate acquisition financing on behalf of the new owner through a regional bank. The Meridian is located at 1425 Greenway Drive in the Las Colinas master-planned business and residential community. The six-story property is 90 percent leased and spans 100,359 square feet. Situated at 14881 Quorum Drive in Addison, The Belvedere is located in the far north Dallas market along the Dallas North Tollway. The 141,180-square-foot, nine-story building is 80 percent leased.
COLLEYVILLE, TEXAS — Realty Capital Management has sold a 43,000-square-foot mixed-use building located at 5232 Colleyville Blvd. in Colleyville. The buyer, Colleyville Lofts Venture, was a 1031 exchange buyer from New York. The three-story building includes 30 apartments on the upper floors and commercial space on the ground floor occupied by Colleyville Family Medicine, an affiliate of the Baylor Scott & White Health Network. The building, known as The Lofts in Colleyville, is part of the larger 26-acre mixed-use project known as The Village at Colleyville, which was developed by Realty Capital in 2002. Mark Boone represented Realty Capital internally. Bard Hoover of Marcus Millichap represented the buyer.
SAN ANTONIO — Stream Realty Partners, a national real estate development, services and investment firm, has relocated to an expanded office at One International Centre located at 100 N.E. Loop 410 in north-central San Antonio, where it occupies the entire 15th floor. Stream’s San Antonio office has grown over the years to employ nearly 30 people. The firm specializes in leasing, property management and construction management for more than 4.2 million square feet of office, industrial and retail projects.
VERNON, TEXAS — Marcus & Millichap has arranged the sale of the Family Dollar and Sherwin-Williams Shopping Center, an 18,380-square-foot shopping center located in Vernon. Blake Burnett of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a local partnership. Burnett also procured the buyer, an out-of-state limited liability company. The Family Dollar and Sherwin-Williams Shopping Center is located at 2417 Wilbarger St. Constructed in 1952, the asset is located on 1.3 acres. A tenant since 1979, Family Dollar occupies 15,000 square feet of the space. Sherwin-Williams occupies the remaining 3,380 square feet and has been a tenant since 1990.