DALLAS — Rochon Family Office has signed a 9,446-square-foot lease with Dallas-based Harwood International. Rochon is moving its headquarters to the penthouse of the Frost Tower, which is scheduled to open in the spring of 2015. Jihane Boury and David Roehm of Harwood International worked on the lease along with Randy Cooper and Charlie Morris of Cassidy Turley and Ryan Mack of Rochon. The company is privately held, with operations in 40 countries.
Texas
CROWLEY, TEXAS — Marcus & Millichap has arranged the sale of All Star Self Storage, a 57,625-square-foot self-storage facility located in Crowley, just south of Fort Worth. Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr also secured the buyer, a limited liability company. All Star Self Storage is located at 786 FM 1187 East. The property consists of 224 climate-controlled units, 214 drive-up units and two uncovered parking spaces on 3.8 acres. It was built in 2007 and was 78 percent occupied at the time of sale.
CARROLLTON, TEXAS — Lee & Associates has completed a lease renewal for a 127,506-square-foot industrial space at 1440 Lemay Drive in Carrollton, just north of Dallas. Adam Graham and Nathan Denton of Lee & Associates represented the landlord in the transaction. Carter Fournier of Concord Interest represented the tenant, SWS Re-Distribution Company Inc., a distributor of sanitation and housekeeping products.
AUSTIN — Atlanta-based ARA has arranged the sale of Northland at Stonehollow, a 606-unit apartment complex located in north-central Austin. Patton Jones of ARA represented the seller, Northland Investment Corp., in the transaction. The buyer, a real estate investment firm, is an affiliate of Heitman LLC. Built in 1996, the complex consists of one-, two- and three-bedroom units. Amenities include a clubhouse, gym, business center, media center, theater room and two pools. It was 95 percent occupied at the time of sale.
HOUSTON — Kinghorn, Driver, Hough & Co. has arranged an $11.1 million construction loan for Reed’s Landing Business Park located near Beltway 8 and Aldine Westfield in Houston. Phase I of the building will be a 147,112-square-foot manufacturing/distribution building with a 30-foot clear height, designed for either multi or single tenant use. It is scheduled for completion in early 2015. Upon completion, the entire project will include four buildings with a total of 517,382 square feet. Larry Peters and Matt Franke of KDH arranged the loan.
SAN ANTONIO — The LaSalle Group will soon begin construction on Autumn Leaves of Westover Hills, a 36,000-square-foot assisted living community dedicated to memory care. The company currently owns and operates 36 similar communities across the country. Autumn Leaves of Westover Hills will feature three courtyards and an open café. The memory care center is expected to bring 45 jobs to the area and provide care to 54 residents living with Alzheimer’s, dementia and other forms of memory impairment. This is The LaSalle Group’s second community in metro San Antonio following the recent opening of Autumn Leaves of Stone Oak in north San Antonio.
ALLEN, TEXAS — Marcus & Millichap has arranged the sale of the Allentown Office Building, a 29,979-square-foot office property in Allen, a northern suburb of Dallas. Ron Hebert of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a partnership. Hebert also procured the buyer, a private investor who purchased the property in a 1031 tax-deferred exchange. Allentown Office Building is located at 100 Allen Parkway in Allen, less than one mile from North Central Expressway. The two-story property was built in 1985 on 3.6 acres. The property was 80 occupied at the time of sale.
GRAND PRAIRIE, TEXAS — Lee & Associates has arranged the lease renewal for a 50,000-square-foot industrial space located at 1421-1425 Ave. R in Grand Prairie, just west of Dallas. Mark Graybill and Scott Giordano of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Fit Supply, a provider of commercial fitness equipment. Dan Lawson of Proterra Properties Inc. represented the landlord, Greenbriar Holding Dallas.
MIDLAND, TEXAS — Institutional Property Advisors has arranged the sale of 352 multifamily units in Midland. The property name was not disclosed. Will Balthrope and Drew Kile with IPA represented the seller and procured the buyer in the transaction. The property was built in 1982 and is located off State Highway 250.
AUSTIN — Cousins Properties Inc. has signed five new leases totaling 157,279 square feet at Colorado Tower in downtown Austin. The 373,000-square-foot, Class A property is now 95 percent leased, up from 51 percent in June. Companies leasing space in the building include Parsley Energy Inc., Atlassian Inc., IPSoft Inc., Kelly Hart & Hallman LLP and Invesco Management Group Inc. Rachel Coulter and Kevin Kimbrough with Oxford Commercial represented Cousins in the transactions. Colorado Tower is expected to be complete this December. The building will be the first high-rise office tower developed in downtown Austin since 2003.