Texas

C:UsersMark-6600Dropbox (Children's Design)_Primrose Active

Primrose Schools to Anchor Development in Metro Dallas

by Haisten Willis June 26, 2015

FRISCO, TEXAS — VCM Development has sold a 119,868-square-foot site in Frisco to Primrose Schools. The site is located at the northeast corner of Main Street and Teel Parkway in west Frisco. Primrose will anchor VCM Development’s Teel Crossing I shopping center. Vaughn Miller of VCM Development Group represented the seller, and David Shelton of CBRE / UCR represented Primrose. VCM is developing a 20,020-square-foot retail center adjacent to Primrose on the tract, which the VCM Commercial Real Fund acquired in 2014. BB&T provided $3.8 million of construction financing for the development. VCM Development Group LLC is a Dallas-based diversified real estate investment and development company, founded in 2013 by Vaughn Miller, oldest surviving son of Dallas real estate legend Vance C. Miller and grandson of Henry S. Miller Jr.

June 26, 2015

Toyota Unveils Design for New North American Headquarters in Plano

by Haisten Willis June 25, 2015

PLANO, TEXAS — Toyota Motor North America has unveiled architectural renderings of its future North American headquarters, providing new details of the site layout and exterior design of its corporate campus. Designed by Corgan Associates, the architectural renderings offer a number of different perspectives and details of the proposed Toyota campus. The complex will include seven buildings, up to five stories tall, arranged around a central plaza that serves social and business functions such as dining, fitness and conferencing. Building facades are predominantly glass, with roof overhangs along the southern exposures to cast shade. The design utilizes local and regional materials and low-water plants that reflect the native landscapes of north-central Texas, along with water features for catching and storing water for irrigation and parking structures and office buildings that can support solar panels for renewable energy production. Toyota intends to pursue LEED Platinum certification for the campus.

June 25, 2015

Retail Texas

New Audi Dealership to Open in Metro Dallas

by Haisten Willis June 25, 2015

MCKINNEY, TEXAS —Sewell Automotive Cos. has purchased 10.5 acres to build an Audi dealership at Craig Ranch at the northwest quadrant of SH 121 and Stacy Road in McKinney. The new dealership will span 65,000 square feet, which includes a separate certified pre-owned vehicle building, and will employ 100 people. Brian Murphy with Edge Real Estate represented Sewell Automotive Cos., and Tey Tiner and W. Thurston Witt, Jr. of CBRE | UCR represented Craig Ranch.

June 25, 2015

Retail Texas

Marcus & Millichap Arranges Sale of 10,000 SF Net Leased Property in Metro Houston

by Haisten Willis June 25, 2015

SPRING, TEXAS — Marcus & Millichap has arranged the sale of The Learning Experience, a 10,000-square-foot net leased property located in Spring. The asset had a list price of $3.4 million. Nate Newman and Aaron Morris of Marcus & Millichap’s office in The Woodlands represented the buyer, a limited liability company, in the transaction. The Learning Experience is located at 9554 Louetta Drive.

June 25, 2015

Restaurant Retail Texas

More Retail, Restaurants Announced for River Oaks District in Houston

by Haisten Willis June 25, 2015

HOUSTON — San Diego-based developer OliverMcMillan has arranged the lease of additional boutiques and restaurants joining River Oaks District. Stella McCartney, Van Cleef & Arpels, Vince, Vilebrequin, Planet Blue, St. Nicola, Davidoff and Steak 44 have signed agreements to operate locations at the open-air shopping dining and entertainment destination. Previously announced River Oaks District tenants include Akris, American Food and Beverage (AF+B), Anne Fontaine, BONOBOS, Brunello Cucinelli, Canali, Cartier, Chopard, Patek Philippe at deBoulle, Dior, Diptyque, Dolce & Gabbana, Equinox, Etro, Giuseppe Zanotti, Hermès, INTERMIX, iPic Theaters, John Lobb, Kiton, Le Colonial, L’Occitane, Moncler, Roberto Cavalli, Taverna, Thirteen Pies, Tom Ford, and Toulouse Café and Bar. River Oaks District is expected to open this fall.

June 25, 2015

Industrial Loans Mixed-Use Retail Texas

Q10 KDH Arranges $2.8M Loan for Mixed-Use Center in Houston

by Haisten Willis June 25, 2015

HOUSTON — Q10 KDH vice president Larry Peters has arranged $2.8 million in permanent financing for a mixed-use center in Houston through correspondent insurance company lender Symetra. Built in 1974 and located in north Houston, the mixed-use center offers 56,206 square feet of space divided into 75 percent retail use and 25 percent warehouse space.

June 25, 2015

Loans Multifamily Texas

NorthMarq Secures $74.5M Refinancing of Two Apartment Complexes in Metro Houston

by Haisten Willis June 24, 2015

CYPRESS AND LEAGUE CITY, TEXAS — Greg Duvall of NorthMarq Capital’s Kansas City office has secured the $74.5 million refinancing of Stonegate Apartments and Avenues at Tuscan Lakes. The two multifamily assets are located at 11111 Grant Road in Cypress and 1805 S. Egret Bay Blvd. in League City, respectively. The transaction for Stonegate Apartments was structured with a seven-year ARM with three years of interest-only payments. Avenues at Tuscan Lakes was financed with a 10-year, fixed-rate loan with five years of interest-only payments. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.

June 24, 2015

Loans Office Texas

Churchill Arranges $12.7M Acquisition Loan for Office Building in Houston

by Haisten Willis June 24, 2015

HOUSTON — Churchill Capital has arranged a $12.7 million loan for the acquisition of 770 S. Post Oak, a six-story, 92,723-square-foot, Class B office building located in the “magic circle” business district and Memorial Park area of Houston. The property is two miles from the Galleria and 10 miles from downtown Houston. Tenants include Love Advertising, HF Christmann & Associates, Prolamsa, Berie Lamberth Mgmt, Sechrist Duckers LLP, Ensyte Energy Software and Zimmerman & Lavine. Duke Stone and Steve Forson of Churchill Capital arranged the 10-year, fixed rate, non-recourse financing through J.P. Morgan Chase Bank NA on behalf of the borrower, Pillar Income.

June 24, 2015

Multifamily Texas

M&M Arranges Sale of 172-Unit Apartment Building in Metro Dallas

by Haisten Willis June 24, 2015

CARROLLTON, TEXAS — Marcus & Millichap has arranged the sale of Fox Creek Apartments, a 172-unit apartment property located in Carrollton. John Barker and Mark Allen of Marcus & Millichap’s Fort Worth office secured the buyer, a limited liability corporation based in New York. Fox Creek Apartments is located at 1910 S. Josey Lane. The complex includes apartment homes with four floor plans ranging from 712 to 1,000 square feet. Constructed in 1969, Fox Creek features a total of five two-story buildings under flat roofs. The construction consists of brick siding with asphalt surface parking. The rentable square footage is 142,456 and the total lot size is 6.2 acres. The previous owner spent more than $1.08 million renovating the property in the past 16 months. The exterior renovations include roof replacement, exterior paint, a resealed and restriped parking lot, landscaping upgrades, wrought iron perimeter fence and plumbing and electrical improvements. The interior renovations include new appliances, faux wood flooring, new carpet, resurfaced countertops and new plumbing fixtures in select units.

June 24, 2015

Mixed-Use Retail Texas

Victory Real Estate Begins Construction on Mixed-Use Development in Metro Dallas

by Haisten Willis June 24, 2015

FLOWER MOUND, TEXAS — Victory Real Estate Group has begun construction on a seven-acre tract of land located at the northeast corner of FM 3040 and Morriss Road. Located in Flower Mound, Victory at FM 3040 will be a mixed-use retail development comprising two pad sites and 37,600 square feet of retail space. Construction will be completed in the near future. The center is currently 50 percent pre-leased. The acre site was the only remaining undeveloped corner and will have the only street facing retail on all four corners in Flower Mound.

June 24, 2015

Newer Posts

Older Posts