Texas

HFF Arranges Sale, Financing of Two Class A Office Buildings in Metro Dallas

by Haisten Willis October 27, 2015

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.

October 27, 2015

Mixed-Use Retail Texas

Realty Capital Management Sells Mixed-Use Building in Colleyville

by Haisten Willis October 27, 2015

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.

October 27, 2015

Office Texas

Stream Realty Partners Relocates to One International Centre in San Antonio

by Haisten Willis October 27, 2015

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.

October 27, 2015

Retail Texas

M&M Arranges Sale of 18,380 SF Shopping Center in North Texas

by Haisten Willis October 27, 2015

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.

October 27, 2015

Healthcare Texas

The Boulder Group Arranges $6.2M Sale of Urgent Care Center in Irving

by Haisten Willis October 27, 2015

IRVING, TEXAS — The Boulder Group has arranged the $6.2 million sale of a single-tenant Family ER + Urgent Care property located at 8200 N. MacArthur Blvd. in Irving. The newly constructed, 10,200-square-foot building is located along North MacArthur Boulevard near I-635 (LBJ Freeway). Family ER + Urgent Care are freestanding emergency and urgent care centers. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser, a joint venture utilizing a 1031 exchange, in the transaction. A Texas-based developer was the seller. The Family ER + Urgent Care lease is for 20 years and expires Jan. 31, 2035. The triple-net lease features 5 percent rental escalations every three years.

October 27, 2015

Office Texas

CBRE Arranges Office Relocation for Lennar Homes in San Antonio

by Haisten Willis October 26, 2015

SAN ANTONIO — CBRE has arranged a 15,409-square-foot office relocation lease for Lennar Homes of Texas Land and Construction. Lennar Homes will move from Parkway North Office Park, located at 1015 Central Parkway North, to RidgeWood Business Center II at 1922 Dry Creek Way. Both properties are in San Antonio. The move will take place in February 2016. The new office is a consolidation of San Antonio office space for Lennar Homes and two affiliated companies owned by Lennar Corp.: North American Title Co. and Universal American Mortgage Co., which are currently in separate offices. Jerry Freyo of CBRE’s Austin office, along with Carl Salvato of CBRE’s San Antonio office, represented the tenant in the lease transaction. Shawn Gulley of R. L. Worth Co. represented the landlord, RidgeWood Building Two. RidgeWood Business Center is a two-building flex project in the far north-central San Antonio submarket.

October 26, 2015

Multifamily Student Housing Texas

Berkadia Negotiates Sale of Student Housing Property in Austin

by Haisten Willis October 26, 2015

AUSTIN, TEXAS — Berkadia has negotiated the sale of Lonestar Lofts, a student housing property located at 2408 Leon St. in Austin. Forrest Bass of Berkadia’s Austin office completed the sale on Sept. 28. The buyer was a private investor from New York, and the seller was a local, private investor partnership. Lonestar Lofts was built in 1971 and offers studio, one-, two-, three- and four-bedroom floor plans. Unit amenities include stained concrete floors, black appliances, washers and dryers and a loft-style layout. Community amenities include a swimming pool with a pergola lounge area, barbeque grill and parking garage. The 50-unit student housing property is 100 percent occupied. Lonestar Lofts is located in the west campus submarket, one mile from the University of Texas and two miles from downtown Austin.sa

October 26, 2015

Multifamily Texas

ARA Newmark Arranges Sale of 702-Unit Portfolio in Plano

by Haisten Willis October 26, 2015

PLANO, TEXAS — ARA Newmark has arranged the sale of two Class A apartment communities in Plano: Avalon at Chase Oaks, a 326-unit property, and Thornbury at Chase Oaks, a 376-unit property. ARA Newmark’s Brian O’Boyle, Sr., Brian Murphy, Brian O’Boyle, Jr. and Richard Furr led the marketing efforts for the two multifamily communities on behalf of Berkshire Group, a real estate investment management company headquartered in Boston. Frisco, Texas-based CAF Capital, a private equity real estate firm specializing in the acquisition, redevelopment, repositioning and subsequent sale of institutional quality multifamily real estate, acquired the communities for an undisclosed price. The properties were 96 percent occupied at the time of sale. Constructed in 1992 and 1996, respectively, Avalon at Chase Oaks and Thornbury at Chase Oaks back up to The Courses at Watters Creek golf course and are within a mile of each other. Plano is home to corporate and regional headquarters for JC Penney, Cinemark Holdings, Rent-A-Center, Dr. Pepper Snapple Group, Frito-Lay, Intel Security and Alliance Data Systems.

October 26, 2015

Office Texas

Moody Rambin Arranges Renewal of Office Space in Houston

by Haisten Willis October 26, 2015

HOUSTON — Apogee Consulting Group has renewed 3,018 square feet of office space at the Woodlake Park office building located at 2500 Tanglewilde St. in Houston. Terri Torregrossa of Moody Rambin represented the building owner, Woodlake Properties Ltd. Keith E. Lloyd of Marcus & Millichap represented the tenant in negotiations.

October 26, 2015

Office Texas

M&M Arranges Sale of 17,155 SF Medical Office Building in Midland

by Haisten Willis October 26, 2015

MIDLAND, TEXAS — Marcus & Millichap has arranged the sale of DaVita Anchored Medical Office, a 17,155-square-foot, multi-tenant medical office property located in Midland. Geoff Ficke, Chris Adams and Neal Waldman of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. DaVita Anchored Medical Office is located at 705 Wadley Ave. in Midland, just west of North Pecos Street. Constructed in 1981, the asset is situated on approximately one acre. At the time of listing, the asset was 100 percent occupied with DaVita occupying nearly 60 percent of the rentable space. Additional tenants include Brock Oil, Core Labs and a nephrology practice.

October 26, 2015

Newer Posts

Older Posts