DALLAS — Henry S. Miller Brokerage executive vice president Dan Spika has arranged the sale of an 11,857-square-foot office/showroom building in southwest Dallas. The building is located at 327 Cole St. on nearly one acre in the Dallas Design District. Chirnsley LLC purchased the property and intends to use it as office and showroom space. Jeff Swaney of JAS Realty represented the seller, 327 Cole Street Partners LLC.
Texas
CORPUS CHRISTI, TEXAS — UC Funds has provided a $7.4 million bridge loan for a 218-unit, Class C apartment complex in Corpus Christi. The property consists of 22 two-story buildings on a 10-acre site. Amenities include a swimming pool, clubhouse, laundry facilities and picnic areas. A portion of the loan will be used for renovations, including upgraded roofs and exterior siding.
DALLAS — Gaedeke Group LLC will soon begin $3.8 million in renovations on its 128,795-square-foot Oak Lawn Plaza office building. Mark Dilworth of Dallas-based Morrison, Dilworth + Walls is the architect for the project. Construction is slated to begin in October and will take an estimated eight months to complete. The 1.5-acre property was built in the early 1980s and is located at 2501 Oak Lawn Plaza just off the Dallas North Tollway. The redesign calls for a 3,000-square-foot expansion of the lobby, with the ceiling height raised to 25 feet. Exterior walls will be redressed with a 25-foot glass curtain wall and 5-by-13-foot vertical panels. The interior redesign will feature white marble walls and basalt stone on the floors, replacing dark marble and granite. Other planned features include commissioned artwork, a high-tech security desk, WiFi furniture and an updated parking garage.
ARLINGTON, TEXAS — Lee & Associates represented Surface Preparation Texas in a 13,334-square-foot industrial lease at 1200-1208 Ave. H in Arlington. Mark Graybill with Lee & Associates’ Dallas/Fort Worth office represented Surface Preparation Texas, a distributor of surface finishing materials. CB Richard Ellis represented the landlord, First Industrial Realty Trust.
MIDLAND, TEXAS — Marcus & Millichap has arranged the sale of Live Oak Village, a 100-unit multifamily property in Midland. Kent Myers and Joe James with Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a private investor. Myers and James also secured the buyer, a partnership. Live Oak Village is located at 2700 N. Midland Drive. The complex was completed in 1977 with one- and two-bedroom floor plans ranging from 650 square feet to 1,250 square feet.
HOUSTON — NorthMarq Capital has negotiated the refinancing of The Green Oaks at San Felipe and The Campanile Buildings in Houston. Properties, located at 4295 San Felipe and 4110 and 4203 Montrose, boast a combined 176,116 square feet. The transaction was structured with a 10-year term and 25-year amortization schedule. Tenants of the properties include Prosperity Bank, Stratos Legal, NCS Pearson and Penn Mutual Life Insurance Co.
FORT WORTH — A 124-room Marriott Courtyard is set for construction in Fort Worth’s Stockyards National Historic District. Sunbelt-CFX LLC, which was represented by Lynn Dowdle of Dowdle Real Estate, acquired the 96,000-square-foot site located at 2533 N. Main St. Robert Grunnah and Lily Chang represented the seller, Exhibits Building Partnership. Construction is expected to begin immediately.
DALLAS — The Cantrell Co. has completed a pair of apartment sales in the Dallas area for California-based investors. The investors have purchased the 200-unit Eagles Landing Apartments in Garland, northeast of Dallas proper, and the 82-unit Buena Vida Apartments in Dallas’ Pleasant Grove neighborhood. Eagles Landing is a Class B property located at 238 E. Oates Road that was bought by Parque Del Sol LP of Dallas. Buena Vida Apartments is located at 2722 S. Buckner Blvd. and was sold to Dallas-based Buena Redevelopment LLC.
HOUSTON — Houston-based Baker Katz has arranged the lease of a 40,000-square-foot Dave & Buster’s in Houston. The property is located in the Baybrook Mall expansion project and will be the third Dave & Buster’s location in the Houston area. Jamie Weaver and Jason Baker of Baker Katz, along with Ross McCook and Larry Leon of Venture Commercial, represented the tenant. Greg Sullivan represented the landlord. Dave & Buster’s was founded in Dallas in 1982.
MISSOURI CITY, TEXAS — Bellomy & Co. has brokered the sale of Bankers Mini Storage in Missouri City. The 479-unit facility includes 92,733 square feet of rentable space. The property has climate-controlled, non-climate, boat and RV storage units. Bankers Mini Storage is located on FM 1092 about 18 miles southwest of Houston. Bill Bellomy, Michael Johnson and John Owens marketed the property on behalf of a Houston-based family partnership. The same group also procured the buyer, a Corpus Christi-based storage operator.