Texas

CBRE Global Investors Fund Acquires Office Complex in Dallas

by Haisten Willis September 21, 2015

DALLAS — CBRE Strategic Partners U.S. Value 7 has acquired Galleria Towers, a 1.4 million-square-foot, three-building office complex in Dallas. Galleria Towers is located at 13355, 13455 and 13155 Noel Road, adjacent to the Galleria Mall. The property offers freeway access at the intersection of the North Dallas Tollway and LBJ Freeway. CBRE Global Investors plans to invest in the property by adding conference facilities, a fitness center and tenant amenities. Gary Carr, John Alvarado, Eric Mackey and Robert Hill with CBRE’s Dallas office investment group represented the seller.

September 21, 2015

HighStreet Arranges Sale of Multi-Tenant Retail Center in Metro Houston

by Haisten Willis September 21, 2015

SPRING, TEXAS — HighStreet Net Lease Group, a Texas-based company specializing in the disposition and acquisition of net leased investment properties, represented a Houston-based retail owner/developer in the sale of Louetta Creek Plaza, a multi-tenant retail center located at 4660 Louetta in Spring. Matt Moake of HighStreet represented the seller. Glenn Clements of MFT Interests represented the buyer, a local investment group. The 27,000-square-foot property was originally developed in 2005 and is located near the intersection of Louetta and Kuykendahl.

September 21, 2015

Mixed-Use Retail Texas

New Mixed-Use Project to Open in Austin in 2018

by Haisten Willis September 21, 2015

AUSTIN, TEXAS — GroundFloor Development and Prescott Group have announced plans for Saint Elmo, a mixed-use project set to open in Austin in the first quarter of 2018. Designed by Andersson-Wise Architects and located on South Congress near Ben White Boulevard, Saint Elmo will include 225,000 square feet of office space and a 40,000-square-foot indoor-outdoor marketplace. GroundFloor Development and Prescott Group are the master developers of the $120 million project. In November of last year, the Austin city council approved the rezoning request for the project. Construction is slated to begin in mid-2016. Andersson-Wise Architects is the lead architect of the project, KBGE’s Chad Kimbell is the civil engineer, David Hocker of Hocker Design is the landscape designer, Juice Consulting’s Heather Wagner Reed will oversee public relations and marketing, and Helms Workshop is the strategic brand design studio.

September 21, 2015

Industrial Office Retail Texas

M&M Arranges Sale of 32,621 SF Self-Storage, Office Warehouse and Retail Facility in Austin

by Haisten Willis September 21, 2015

AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Sheahan Self Storage, a 32,621-square-foot self-storage, office warehouse and retail property located in Austin. Justin Miller and Dave Knobler of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a partnership. Knobler and Miller secured the buyer, a limited liability company, as well. Sheahan Self Storage is located at 11712 N. Lamar Blvd. in Austin.

September 21, 2015

Office Texas

NAI Investment Fund Acquires 74,753 SF Office Building in Houston

by Haisten Willis September 21, 2015

HOUSTON — NAI Investment Fund I LLC has acquired an office building located at 12600 Featherwood Drive in Houston. The 74,753-square-foot, Class B property is 81 percent occupied. NAI Partners has been retained to provide both property management and leasing services on behalf of the owner, NAI Investment Fund I LLC. The seller, Fort Worth-based Klabzuba Realty, was represented by Marty Hogan off HFF. Rob Evans of NAI Investment Management LLC negotiated the acquisition. Amegy Bank of Texas is the lender.

September 21, 2015

Loans Retail Texas

Q10 KDH Provides $44M Financing for Centre at Bunker Hill in Houston

by Haisten Willis September 18, 2015

HOUSTON — Q10 KDH Vice President Matt Franke has arranged $44 million in financing for Centre at Bunker Hill in Houston. The multi-anchor, Class A retail property is 100 percent occupied and includes 430,820 rentable square feet.

September 18, 2015

Office Texas

McCarthy Begins Construction on Houston Methodist Alkek Building Renovation Project

by Haisten Willis September 18, 2015

HOUSTON — McCarthy Building Cos. has begun work on the Houston Methodist Alkek Level 9 Universal Care renovation in the Texas Medical Center. The project is led by McCarthy’s Houston-based specialized solutions group, which concentrates on the Texas Medical Center and surrounding institutions focused on healthcare, laboratory and higher education projects. The demolition and renovation project will convert level nine of the Houston Methodist Alkek building into a 17,000-square-foot universal care unit/ICU with 19 inpatient beds. The project also includes the demolition and replacement of equipment on level 10 and the roof of the building. Preston Hodges and McCarthy project superintendent Michael Kacal lead the Houston SSG.

September 18, 2015

Office Texas

Harwood Arranges 25,267 SF Office Lease in Dallas

by Haisten Willis September 18, 2015

DALLAS — Real estate developer Harwood International has signed a new lease agreement in the district of Harwood with the law firm McDermott Will & Emery LLP. Harwood International signed a 25,267-square-foot lease at Saint Ann Court. Jihane Boury of Harwood International negotiated the lease with Jim Graham of Colliers International. McDermott Will & Emery moved from their Turtle Creek offices to Harwood Sept. 1. With more than 1,000 lawyers, the firm has offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Designed by Los Angeles Architect Shimoda Design Group, the 26-story, Class A office tower offers amenities including Saint Ann Restaurant & Bar, The Samurai Collection and Mercat Bistro.

September 18, 2015

Industrial Texas

NAI Wheeler Arranges Sale of Former Woodworkers Paradise Facility in East Texas

by Haisten Willis September 18, 2015

LUMBERTON, TEXAS — NAI Wheeler has arranged the sale of the former Woodworkers Paradise facility located in Lumberton. The property spans 6,900 square feet and sits on over 4.5 acres with frontage on Highway 69 and Village Creek Parkway. Direct Integrity Services will occupy the facility. Direct Integrity performs pipeline testing services. Lee Wheeler and Erica Goss of NAI Wheeler represented the seller in the transaction.

September 18, 2015

Office Texas

Henry S. Miller Arranges Sale of Two Properties in Metro Dallas

by Haisten Willis September 18, 2015

IRVING AND FORT WORTH, TEXAS — Bill Bledsoe of Henry S. Miller has arranged two property sales in metro Dallas. Bledsoe brokered the sale of a 0.77-acre office pad site at 727 W. Airport Freeway in Irving. The property housed a 3,939-square-foot building and features freeway frontage. Hangrove Interests purchased the property from VTC Westway Investments and will refurbish the office building for a long-term tenant. Bledsoe also represented the seller in the disposition of a 10-acre site in Fort Worth. The buyer may develop the property, located at 8421 Meadowbrook Drive, into residential space. Ernest Jakes of Jakes Realty Group represented the buyer in this transaction.

September 18, 2015

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