Texas

NAI Partners, NAI Robert Lynn Arrange Office Relocation in Metro Dallas for GEICO

by Haisten Willis August 5, 2015

RICHARDSON, TEXAS — NAI Partners and NAI Robert Lynn have represented GEICO with the relocation and leasing of its regional office. The new complex, located at 2280 N. Greenville Ave. in Richardson, is the former headquarters of Fossil Inc. The office spans 233,000 square feet and will serve more than 1,600 GEICO associates. Griff Bandy and Jon Silberman of NAI Partners, along with Tom Lynn and Nick Lee of NAI Robert Lynn, represented GEICO in the transaction. Chuck Sellers and Lauren Perry of Peloton Commercial Real Estate represented the landlord, CNL Commercial Real Estate.

August 5, 2015

HFF Arranges $10.2M Acquisition Loan for Retail Center in Metro Dallas

by Haisten Willis August 5, 2015

PLANO, TEXAS — HFF has arranged $10.2 million in first lien financing for the acquisition of Ruisseau Village, a 124,567-square-foot neighborhood retail center in Plano. HFF worked on behalf of the borrower, a private real estate investor, to place the 10-year, fixed-rate loan through Morgan Stanley Bank N.A. Located at 3303-3309 N. Central Expressway, Ruisseau Village is situated on 12.6 acres at the northwest corner of West Parker Road and North Central Expressway, which connects Plano to downtown Dallas. Renovated in 2014, the center consists of two single-story buildings leased to Top Golf, Hertz, Boxes to Go, Monarch Dental, Jazzercise, Kelly Moore Paints, The Mum Shop, Rover Dramawerks and restaurants including Bavarian Grill and A-Star Buffett. Kevin Mackenzie, Greg Brown and Jim Curtin led HFF’s debt placement team representing the borrower.

August 5, 2015

Mixed-Use Office Texas

Texas Children’s Pediatrics Signs on at Mixed-Use Development in Houston

by Haisten Willis August 4, 2015

HOUSTON — Texas Children’s Pediatrics has agreed to open a new pediatric center in The Boardwalk at Towne Lake in Houston. Texas Children’s Pediatrics will occupy the top floor of one of the four Boardwalk buildings. Located off Highway 290 and Barker Cypress Road, the mixed-use waterfront development offers retail and restaurant spaces, as well as a central green area for events and boat slips for lake access. The Boardwalk at Towne Lake serves as an amenity the 3,000 residents of Towne Lake, a 2,400-acre master planned community connected by a 300-acre recreational lake. Texas Children’s Pediatrics is the largest pediatric primary care network in the country with 50 practices throughout the Houston area. Boardwalk at Towne Lake’s four buildings feature 40,000 square feet of waterfront office space and 60,000 square feet of retail space.

August 4, 2015

Office Texas

Brandywine Realty Trust Acquires 1.1M SF Broadmoor Campus in Austin

by Haisten Willis August 4, 2015

AUSTIN, TEXAS — Brandywine Realty Trust has acquired the remaining interest in the Broadmoor campus located at 11501 Burnet Road in Austin. The acquisition provides full ownership of the seven-building, 66-acre, 1.1 million-square-foot office campus located directly adjacent to The Domain. The Broadmoor campus was developed for IBM, which has been the sole occupant and a joint venture partner with Brandywine and its predecessor company since the campus was developed in 1991. Brandywine has started developing a master plan to ensure an accelerated transition to a mixed-use, multi-tenant destination that will offer new amenities for workers in and around the campus. Brandywine has also launched the marketing campaign for two established buildings that will be available for lease by April 2016, providing 345,000 square feet of Class A office space for Austin’s new and expanding businesses.

August 4, 2015

Multifamily Texas

Henry S. Miller Arranges Sale of Multifamily Property in Metro Dallas

by Haisten Willis August 4, 2015

RICHARDSON, TEXAS — Henry S. Miller Brokerage’s urban multifamily team has arranged the sale of Parkside Towns. Lew Wood, Andrew Doster and Darden Orand of Henry S. Miller Brokerage represented the townhome community in the transaction. Balynally LLC purchased the 135-unit community located at 2300 Hibiscus Ave. in Richardson. Built in 2014 through a joint effort by the Henry S. Miller Cos., Atticus Real Estate and their partners, the community contains 135 units in 41 total buildings with an average unit size of 1,346 square feet. The community is located in the northeast quadrant of Coit Road and Campbell Road in west Richardson. Humphreys & Partners Architects was the architect.

August 4, 2015

Loans Office Texas

HFF Arranges Sale, Financing of Energy Square in Dallas

by Haisten Willis August 4, 2015

DALLAS — HFF has arranged the sale of and arranged financing for Energy Square, a 948,678-square-foot, Class A office project in Dallas. HFF marketed the property on behalf of the sellers, Lincoln Property Co., Champion Partners and Long Wharf Real Estate Partners. Energy Square was purchased by a partnership between GlenStar Properties and USAA Real Estate Co. The new owner was also assisted in securing floating-rate financing through Wells Fargo Bank by HFF. Energy Square consists of a 10.3-acre site containing three buildings, plus a one-acre development site zoned for a mixed-use development. The properties feature a fitness center, three conference centers, multiple food service options, Grub Burger Bar restaurant, an outdoor plaza and direct access to the DART Light Rail. Energy Square is 82 percent leased to tenants including New York Life Insurance Co., Davaco and Advanced Homecare. Located at 4925 and 4849 Greenville Ave. and 6688 N. Central Expressway, respectively, Energy Square is situated just off the North Central Expressway near Southern Methodist University north of downtown Dallas.

August 4, 2015

Industrial Texas

Stream Realty Partners Purchases Land for Farmers Brothers Cos. Headquarters

by Haisten Willis August 4, 2015

NORTHLAKE, TEXAS — Stream Realty Partners has acquired a 28-acre site at the corner of I-35 West and State Highway 114. The land will be the site of Farmer Brothers Cos.’ new headquarters facility in Northlake. Northport 35 is Stream’s three-building, 945,000-square-foot industrial project that broke ground in January. Farmer Brothers’ new headquarters will include corporate office space, a training facility, coffee roasting plant and distribution warehouse. Cannon Green, Albert Jarrell and Bob Hagewood of Stream’s development team will commence construction on the project this month. Green and Hagewood represented Stream Realty Acquisition LLC in the land transaction. The land contract holder, Bill Vaughan, represented himself. Stream will develop the site, Wells Fargo will own it and Farmer Brothers will handle leasing.

August 4, 2015

Industrial Texas

JLM Arranges Industrial Build-to-Suit Lease in Houston

by Haisten Willis August 3, 2015

HOUSTON — JLM Commercial Advisors has negotiated a build-to-suit lease of an 8.5-acre industrial tract with 21,500 square feet of workshop space and 8,500 square feet of office space. The space will be used for Pipeline Research Council International’s technology development center. The complex is located at 6410 Langfield Road in the Northwest Crossing Industrial Park. The property will be one of the largest independent pipeline testing facilities of its kind in the world. Lane Guinn of JLM Commercial Advisors represented the tenant in the negotiations. Dan Zoch of The Carson Cos. represented the landlord, Carson-VA Industrial.

August 3, 2015

Industrial Texas

Sonoco Flexibles to Expand Location in Waco

by Haisten Willis August 3, 2015

WACO, TEXAS — Global packaging company Sonoco plans to expand its Waco location this year, with the project seeing completion in early 2016. Sonoco will install a new rotary die-cut machine, slitter and rotogravure printing press, investing $13.5 million in equipment at the facility and adding an estimated 15 jobs to the area, which is a 27 percent increase to its employment base. Sonoco produces a variety of flexible packaging options, including easy open/reseal packaging systems, bags and pouches. Sonoco’s flexible packaging technologies include roto and flexo printing, high-barrier laminations, precision scoring, integrated open and reclose features, specialty coatings and films, prototyping and graphics management.

August 3, 2015

Office Texas

TNA Realty to Build Medical Office Building in Metro Dallas

by Haisten Willis August 3, 2015

ARLINGTON, TEXAS — Jim Turano of Henry S. Miller Brokerage’s office division represented the buyer in the acquisition of a 30,000-square-foot site in Arlington. TNA Realty LP purchased the site, located at 2712 Matlock Road, from an undisclosed seller. The new owners plan to construct an 8,000-square-foot medical office building on the property. Bobby DeRiso of DeRiso Development represented the seller in the transaction.

August 3, 2015

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