HOUSTON — McCarthy Building Cos. has begun construction on a facility for Texas Children’s Hospital that will house the hospital’s pediatric and residents’ primary care group clinic. The project includes the demolition of existing interior space and construction of a 20,000-square-foot facility. When completed in November, the building will include a waiting area, exam rooms, nurses’ stations, administrative offices, staff lounge, storage, radiology and ultrasound space and a work room. Preston Hodges and Mike Kacal lead McCarthy’s specialized solutions group, which focuses on healthcare, laboratory and higher education interior renovation projects.
FORT WORTH, TEXAS — Transpacific Development Co. (TDC) has acquired a 1.4 million-square-foot distribution building in Fort Worth developed and occupied by logistics solutions provider DHL Supply Chain. Completed in June, the property is located at 5600 Mark IV Parkway, near the intersection of I-35 and I-820. John Huguenard and Sean Devaney of JLL represented DHL Supply Chain in the transaction. 5600 Mark IV Parkway was built with 36-foot clear heights, 154 dock doors, parking for 200 cars and 350 trailers and an ESFR fire suppression system. The building’s infrastructure was reinforced to withstand 120-mile-per-hour winds. DHL is preparing to break ground on a speculative basis on an adjacent building, totaling 712,500 square feet, with similar specifications. That building is scheduled for completion next spring.
RICHARDSON, TEXAS — Aprima Medical Software Inc., a provider of electronic health records, practice management and revenue cycle management solutions for medical practices, has signed a lease for its 55,000-square-foot corporate headquarters at 1010 E. Arapaho Road in Richardson. The facility will house 250 Aprima employees, who will be relocating from other north Texas facilities, including the company’s current headquarters in Carrollton. Aprima expects to occupy the new facility beginning in August. The new headquarters will house Aprima’s corporate administrative functions, product development, customer support, training and project management and revenue cycle management operations. John Roper of CBRE represented the tenant in lease negotiations. Momentum Commercial Realty’s Roy Greenberg and Bryan Lurie handled negotiations on behalf of the property owner. Dallas-based Momentum Commercial Realty recently acquired the three-story office building known as 1010 Arapaho, in which Aprima’s new headquarters will be based.
IRVING, TEXAS — SVN has arranged the sale of the Treehouse Apartments in Irving, a 160-unit garden-style community located at 3203 W. Walnut Hill Lane in Irving. Jon Krebbs of SVN brokered the sale. The unnamed new owner plans to upgrade the property to compete with other complexes in the immediate area.
LAS COLINAS, TEXAS — Real estate developer and investor Roger Gault of Gault Co. has sold a single-tenant industrial building located at 1939 Hereford Drive in Las Colinas to an undisclosed buyer. The 25,000-square-foot building sits on 1.5 acres in the Las Colinas Walnut Hill Distribution Center. Ryan Boozer with Stream Realty was the broker for the sale. The building was purchased in 2007 and was occupied until recently by Quantum Clean. When Quantum moved out, the building was put up for lease or sale.
HOUSTON — FourPoint Multifamily Investments has brokered the sale of Villas de Palmas, a 659-unit apartment community located in Houston’s Sharpstown District. Sharpstown has seen significant revitalization and positive growth over the last 15 years. Kevin Dufour of FourPoint brokered the sale between seller, Thrive/ Jevan Capital/Comunidad Realty Partners, and buyer, Nimes Capital. Dufour procured both the buyer and seller. At the time of sale, the seller had already completed partial upgrades to the exterior/commons areas of the property and interior upgrades to approximately 20 percent of the units. The buyer plans to complete the remainder of the renovations throughout the property and continue to enhance the asset, which was built in the late 1970s.
MCKINNEY, TEXAS — Marcus & Millichap has arranged the sale of McKinney Square, a 15,535-square-foot retail property located in McKinney. Philip Levy and Chris Gainey of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Levy and Gainey also secured the buyer, a private investor. McKinney Square is a multi-tenant retail strip with tenants including Swanky Boutique, Patina Green Home, Lanio’s Candies, SIP Ventures, InterimLender.com and Release 2 Systems. The two-story building was originally constructed in 1900 and was renovated in 2005.
HOUSTON — Lee & Associates has negotiated a lease renewal for a 109,756-square-foot industrial space located at 3550 Brittmoore Road in Houston. Tom Walrich of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Dealer Tire, in the transaction. Jude Filippone of Transwestern represented the landlord, Claymoore Northwest Inc.
AUSTIN, TEXAS — Bell Partners Inc. has acquired a 357-unit apartment community in Austin for an undisclosed price. Cielo South Lamar, built in 2015, will be renamed Bell South Lamar. The community offers a mix of studio, one- and two-bedroom apartments and townhomes within seven buildings. Located on South Lamar Boulevard, Bell South Lamar is currently 91 percent occupied. Unit amenities include 9-foot ceilings, modern lighting, granite countertops, walk-in closets, soaking tubs, walk-in showers and wood-style flooring. All units are also pre-wired for high-speed Internet. Community amenities include a swimming pool, grilling stations, a pet park, outdoor yoga area, vegetable garden, fitness center, resident lounge and a business center. Bell Partners will manage the community. The seller in the transaction was undisclosed.
DALLAS — Pillar has originated a $9.4 million acquisition loan for Villa Bonita Apartments, a 232-unit multifamily community in Dallas. Built in 1969, the property features both affordable and market-rate apartment units. The complex consists of 20 two-story buildings and features amenities such as a playground and laundry facility. The asset was fully occupied at the time of financing. Evan Hom of Pillar’s New York office arranged the fixed-rate, Fannie Mae loan with a 30-year amortization schedule on behalf of the borrower, California-based BRC Bellaire Holdings LLC.The sponsor and its affiliates own several properties in the Dallas/Fort Worth area. The seller was a New Jersey-based investor. Al Silva of Marcus & Millichap listed the property on behalf of the seller and procured the buyer.