Texas

The Kinder Foundation, Kinder Family Office Lease Space in Houston

by Haisten Willis October 15, 2015

HOUSTON — The Kinder Family Office has leased the top floor of the newly developed San Felipe Place, a Class A office building located at 2229 San Felipe St. in Houston, with facility space also provided for the Kinder Foundation, a private philanthropic foundation founded by Rich and Nancy Kinder. The foundation and family office will each occupy 50 percent of the 17th floor’s 14,854 square feet. Clark Thompson Jr. and Brad Beasley of Colvill Office Properties represented landlord, Hines, the developer of San Felipe Place, in the lease transaction. The limestone and glass building offers interior parking, a walnut-paneled lobby and neighborhood amenities Rossini Cafe and Cadence Bank. San Felipe Place is pursuing LEED certification. Since the building’s completion in September 2015, the 167,000-square-foot, 17-story development has secured tenants including Knoll, Wareing Athon & Co., and Buck Keenan LLP.

October 15, 2015

Hart Commercial Brokerage Arranges $8.9M Refinancing of Retail Space in Metro Houston

by Haisten Willis October 15, 2015

KATY, TEXAS — R. S. Hart Commercial Brokerage’s Rachel S. Grant has arranged an $8.9 million refinancing loan for 26440 FM 1093 Ltd.-Westheimer Lakes Plaza II located in Katy. The multi-tenant retail property totals 52,567 square feet and was 100 percent occupied at the time of financing. Raintree Commercial’s Corey Ferguson developed the shopping center. Brock Tautenhahn of BBVA Compass Bank provided financing.

October 15, 2015

Mixed-Use Retail Texas

New Tenants Sign on at Caldwell Cos.’ Boardwalk at Towne Lake in Houston

by Haisten Willis October 15, 2015

HOUSTON — The Boardwalk at Towne Lake, a mixed-use development in Houston, has added MOD Pizza, Nails of America and Orangetheory Fitness to its tenant roster. Other retailers at the center include Texas Children’s Pediatrics, Copper Creek Orthodontics, Massage Heights, Jaxton’s, Taisho, World of Beer and Land of a Thousand Hills Coffee Co. MOD Pizza opened its first location in Seattle in 2008. Its Towne Lake franchise location will be its sixth in Houston. Orangetheory Fitness utilizes a blend of personal training and group settings to help its members reach their fitness goals. This will be its seventh Houston location. Nails of America is a Houston-based company operating more than 14 salons in the greater Houston area. Caldwell Cos. is the developer of the lakeside development.

October 15, 2015

Industrial Texas

Alliance Architects Completes Final Design Services for Plano Data Center

by Haisten Willis October 14, 2015

PLANO, TEXAS — Alliance Architects has completed Phase II of a renovation project for the City of Plano’s Technology Services Data Center. The facility is located at 1117 E. 15th St., adjacent to Plano City Hall. The facility was originally designed and built to house city hall and the city’s main fire station. The Technology Services Data Center is a Tier 3 data center and administration office that stores, secures and processes information for Plano’s government offices. The project features offices, open support spaces, a training room, conference rooms, an employee break room and a public service area. Sustainable finishes are used throughout the building. Alliance Architects team members included Charlie, Reagan, Chris Bruck, Zac Bartz, Barb Caires, Keith Petersen and Aaron Trecartin. Turner Construction provided general construction services.

October 14, 2015

Mixed-Use Retail Texas

Regency Centers Announces Phase II of CityLine Market in Metro Dallas

by Haisten Willis October 14, 2015

RICHARDSON, TEXAS — Regency Centers Corp., an owner, operator and developer of grocery-anchored shopping centers, has closed on the land for Phase II of its CityLine Market development in Richardson. The Phase II portion is 100 percent pre-leased and will include a 12,900-square-foot CVS Pharmacy and new restaurants encompassing 9,000 square feet. The newest restaurants to join CityLine Market include Super Chix, Pho is for Lovers and Piada Italian Street Food. Super Chix’s menu includes chicken sandwiches, fries and frozen custard. Pho is For Lovers serves Vietnamese food including beef pho, tofu summer rolls and banh mi sandwiches. Piada serves Italian street. CityLine Market is anchored by Whole Foods Market, contains nearly 102,000 square feet of retail and will serve as the cornerstone of the CityLine mixed-use development. The center is 98 percent leased. The construction of Phase II is expected to start late this year.

October 14, 2015

Multifamily Texas

Steadfast Apartment REIT Purchases 315-Unit Apartment Community in Metro Dallas

by Haisten Willis October 14, 2015

COPPELL, TEXAS — Steadfast Apartment REIT has acquired Lakeside at Coppell, a 315-unit apartment community located in Coppell. Constructed in 1999 on 35 acres, Lakeside at Coppell includes 45 two-story apartment buildings boasting one-, two-, three- and four-bedroom configurations. Layouts average 1,221 square feet and amenities include attached garages, washer-dryer connections, granite countertops and stainless steel appliances. Lakeside at Coppell was 96.2 percent occupied as of Oct. 6, and has average in-place rents of $1,698. On-site amenities include a clubhouse, swimming pool, basketball court, sand volleyball court, tennis court, jogging trail, health club, billiards room, business center, playground and community garden.

October 14, 2015

Retail Texas

Baker Katz Arranges Lease of Retail Space in Houston

by Haisten Willis October 14, 2015

HOUSTON — Houston-based Baker Katz has completed a 3,469-square-foot lease on behalf of Crossroads Trading, which will open its first Texas location in central Houston’s Montrose neighborhood in the Westmont building. Crossroads Trading offers used clothing and accessories. Customers can buy, sell or trade their in-season clothing and accessories at the store. Lunden McGill and Jason Baker of Baker Katz represented Crossroads Trading in the transaction. Brian Kaplan of WPW Realty Advisors represented Westmont Partners LLC. Founded in 1991, Crossroads Trading operates 35 locations.

October 14, 2015

Loans Multifamily Texas

Grandbridge Arranges $18.8M Loan for 308-Unit Apartment Community in Irving

by Haisten Willis October 14, 2015

IRVING, TEXAS — Grandbridge’s Blake Willeford has arranged $18.8 million in financing for Newport Apartments, a 308-unit apartment complex in Irving. The loan, arranged through a debt fund REIT, included financing for the acquisition as well as capital for improvements to enhance the property. The transaction was structured with a two-year, interest-only term. The asset, built in 1981, includes 200 renovated units with faux wood flooring, black appliances, and brush nickel plumbing and lighting fixtures. The borrower, PPA Group, plans to renovate the remaining 108 units and make exterior improvements including masonry dumpster enclosures, replacing wood with wrought iron on select balconies/patios, adding an outdoor kitchen, and adding a dog park.

October 14, 2015

Loans Retail Texas

Transwestern Brokers Sale, Financing for Shopping Center in Metro Houston

by Haisten Willis October 13, 2015

PASADENA, TEXAS — Transwestern’s Houston headquarters has brokered the sale of Fairmont Parkway Shopping Center. An undisclosed South American buyer acquired the 172,002-square-foot power center located at the intersection of Beltway 8 and Fairmont Parkway in Pasadena for an undisclosed price. Micha van Marcke, Paul Barile, Janice Sellis and Chace Henke of Transwestern represented the seller, A-S 82 Fairmont Parkway — Beltway 8 LP. Jan Sparks, Michael Snodgrass and Tim Bennett of Transwestern secured the debt for the buyer. Fairmont Parkway Shopping Center is located in a regional retail hub for Pasadena and communities such as Deer Park and La Porte. The area consists of 1 million square feet of retail. Fairmont Parkway Shopping Center’s tenants include 24-Hour Fitness, iT’Z Family, Comerica Bank, Goodwill, Pei Wei and Food & Fun. The property was 96 percent occupied at the time of sale.

October 13, 2015

Retail Texas

Randalls, Cypress Equities to Break Ground on New Shopping Center in Austin Suburb

by Haisten Willis October 13, 2015

LEANDER, TEXAS — Randalls Food Markets and Cypress Equities will host a ground breaking ceremony for Crystal Falls Town Center, a 94,000-square-foot shopping center, on Thursday, Oct. 15. The center will be anchored by a new Randalls grocery store in the master-planned community of Crystal Falls in Leander, and is projected to open in fall 2016. Randalls president Sidney Hopper, Cypress Equities senior vice president Stephen Schmidt, Leander Mayor Chris Fielder and Leander Chamber of Commerce president and CEO Bridget Brandt will be on hand at the ceremony. The center will be located at 3501 N. Lakeline Blvd.

October 13, 2015

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