ROUND ROCK, TEXAS — Dougherty Mortgage LLC has arranged a $1.8 million Fannie Mae loan for the acquisition of 12 Oaks Apartments, a 32-unit apartment complex in Round Rock. The 10-year loan was arranged by Dougherty’s Dallas office and includes a 30-year amortization schedule for the borrower, 105 Gattis LLC. Amenities include a courtyard, laundry facilities, on-site maintenance and a pool.
BEDFORD, TEXAS — Construction has begun on Adam Smith’s Texas Harley-Davidson in Bedford, a suburb of Dallas. The six-acre site will be home to a 70,000-square-foot Texas flagship store for Harley-Davidson. The new building will consolidate the current three-building setup, adding more than 20,000 square feet, and will move the sales floor, service area and administrative offices into one location. Adam Smith’s Texas Harley-Davidson is already one of the top 10 Harley dealerships in the United States in terms of service, finance and sales volume. The flagship store is set to open in the fall of 2015.
FORT WORTH, TEXAS — Balfour Beatty Construction recently celebrated the opening of Forest Park Medical Center, a new hospital in Fort Worth. Balfour Beatty worked in conjunction with Neal Richard Group and architect Perkins + Will on the project. The hospital opened to patients Nov. 3 and spans 150,000 square feet with 12 operating suites, a full-service imaging center and laboratory, 54 inpatient rooms, six intensive care units, ancillary services and vegetated roof systems. The $95.5 million project includes development of the hospital, medical office building and a 550-space parking garage.
AUSTIN, TEXAS — MCR Development LLC has completed a renovation of the 134-room Fairfield Inn & Suites by Marriott Austin Northwest located at 11201 N. MoPac Expressway in Austin. The renovation enhanced the hotel’s lobby, guest rooms and common areas with the goal of creating more open, relaxing and welcoming spaces. The lobby has been outfitted with new carpeting and furniture, while the fireplace has been removed to accommodate expanded breakfast and common areas. There is also an updated pool area with new patio and lounge furniture and the business center features new paint and furniture. The renovation is part of MCR’s strategy to enhance the guest experience and drive RevPAR growth.
TEXAS CITY, TEXAS — Marcus & Millichap has arranged the sale of Three Palms Center, a 26,318-square-foot retail property in Texas City. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Houston-based developer. Hargrove and Miller also secured the buyer, a private international investor. Three Palms is located at 8030 FM 1765 at the corner of FM 1765 and South Amburn Road. The three-building development was completed in 2013. Tenants include A Brighter Day Childcare, Chicken Plus, KLM Food Mart, K&G 5 Star Barber College and Cricket Wireless.
PLANO, TEXAS — JLL has negotiated a 78,705-square-foot sublease at Plano Tower, the former Encana Oil & Gas Inc. regional headquarters located in Legacy Town Center at 5851 Legacy Circle in Plano. Plano-based LegacyTexas Bank will occupy the top three floors of the building. Ben Sumner of Centurion Real Estate Partners represented LegacyTexas Bank. Greg Biggs, Doug Carignan, Torrey Littlejohn and Marc Feldman of JLL represented the sub landlord, Encana. American Realty Capital Properties owns the building. KDC Real Estate Development built the 12-story, 318,582-square-foot Class A property in 2012.
FRISCO, TEXAS — The Dallas Cowboys have unveiled the name of their planned 91-acre mixed-use development that will include the team’s new headquarters. The Star in Frisco is the official name for the development that will house the Cowboys’ training complex, a 12,000-seat multi-use event center, an Omni hotel and a range of mixed-use elements on the property. The complex is located at the northwest corner of Warren Parkway and the Dallas North Tollway. The Cowboys expect to move into the complex in 2016.
FORT WORTH, TEXAS — Hillwood Properties has finalized an agreement with Dallas-based Entertainment Properties Group Inc. to develop PINSTACK, a 50,000-square-foot entertainment venue at Alliance Town Center in Fort Worth. The planned venue will include bowling lanes and a full-service restaurant and bar that can accommodate up to 2,000 guests. The venue will also include meeting spaces to align with corporate and business needs. PINSTACK is scheduled to open in early 2016 at the intersection of Hillwood Parkway and Heritage Trace Parkway.
KAUFMAN, TEXAS — Robert Faust Mortgage Co. has arranged a $2.8 million construction loan for the proposed Shops at Kings Fort in Kaufman. The 13,244-square-foot retail center will be located on 1.7 acres on the south side of Kings Fort Parkway. The location is just east of Old Kemp Highway and south of Highway 175. A Walmart opened adjacent to the site in April 2014. Tenants will include AT&T, Texas Dentistry, Roma’s Restaurant, Oasis Nails, Great Clips, Popcorn Paradise and Verizon Wireless. Jim Meara with The Meara Co. is the developer.
ANGLETON, TEXAS — NAI Houston has brokered the acquisition of 10.4 Acres at Highway 288 Business and CR 220 in Angleton. The site will be developed into an eight-building industrial park. Joel Michael of NAI Houston represented the buyer, Teal Development, in the transaction. Bob Peltier of Bob Peltier & Associates Real Estate represented the seller, Second Baptist Church of Angleton.