HOUSTON — West Memorial Place, a 330,000-square-foot Class A office building has been topped out. The nine-story building is 50 percent leased and will open in early 2015. It is deigned to meet LEED Platinum standards. Skanska Commercial Development is the owner of the site and HOK is the building’s architect. Skanska USA Building is the project’s construction manager.
Texas
DALLAS — UCR Investment Sales has announced the sale of three properties totalling 178,407 square feet with a combined value of $36,625,500. Cross Pointe Center is a 45,465-square-foot retail center located at 1441 North Saginaw Boulevard in Saginaw, Texas. Shops at Abilene is a 62,511-square-foot shopping center at the southeast corner of Southwest Drive and Catclaw Drive in Abilene, Texas. The third transaction is listed as confidential and is located in Fort Worth. Adam Howells, Jace Hinderland and Jessica Donnelli marketed the properties for separate ownerships.
KATY, TEXAS — Skybox Datacenters, a Dallas-based developer, has started construction of Skybox Houston One, an 86,960-square-foot data center in Katy. The center will have four 10,000-square-foot data halls and could later expand to 12 data halls on its 20-acre campus. Construction is expected to be completed in November 2014. The center will be located near Interstate 10.
RICHARDSON, TEXAS — KDC, a commercial real estate development and investment firm, broke ground on a 489,000-square-foot office complex July 21. The complex is part of a 186-acre mixed-use development in Richardson, Texas located at 1717 East CityLine Drive. The facility will have three campus-style buildings at the southwest corner of President George Bush Turnpike and Wyndham Lane. When finished, CityLine will have six million square feet of office space, two hotels, 3,925 multifamily residential units, 300,000 square feet of grocery, restaurant, entertainment and retail space along with three parks.
HOUSTON — MetroNational, owner, manager and developer of Memorial City, a 250-acre mixed-use property in Houston, has completed its newest building, The Treehouse. The building uses green technology and includes office and meeting space. The Treehouse is a two-story, 14,700-square-foot structure featuring a geothermal cooling and heating system, solar panels, rainwater collection, a wind turbine and rooftop garden. Located at 963 Bunker Hill Road, the building’s owners hope to receive LEED Platinum certification.
FLOWER MOUND, TEXAS — StoneCreek Real Estate Partners has begun construction on Elan Oaks, an 82-unit assisted living and memory care facility. Elan Oaks will be located at 3281 Long Prairie Road in Flower Mound, Texas and is expected to create more than 100 new jobs. The property will be owned and funded by a joint venture between StoneCreek and The Collin Fund with financing from NorthStar Bank of Texas. The building’s design includes 58 studio, one-bedroom and two-bedroom assisted living apartments along with 24 private and semi-private memory care suites. The project is expected to be completed in July 2015.
GARLAND, TEXAS — Westmount Realty Capital LLC has announced two new leases at the Logistics Pointe/Garland property located at 2600 McCree Road in Garland, Texas, near Dallas. The property is adjacent to Interstate 635 and includes 1.1 million square feet on a 66-acre, rail-serviced site. Calavo Growers Inc., a publicly traded provider of fresh foods, extended its lease of 149,000 square feet for an additional 15 years. H&M Bay, a provider of temperature-controlled freight solutions, signed a new 10-year lease for 67,800 square feet.
HOUSTON — Marcus & Millichap has announced the sale of 1515-1507 West Gray Street, a collection of retail properties totalling 16,000 square feet in Houston. Derek Gargrove and Justin Miller with Marcus & Millichap’s Houston office facilitated an assemblage of the properties to affiliates of Braun Enterprises. The properties are located just east of the River Oaks Shopping Center.
HOUSTON — John S. Beeson, John Stephen Ford Sr. and Steven A. Webster have purchased 621 acres of undeveloped land in Harris County north of I-10 and west of Grand Parkway. The land is bordered by FM 529, Katy Hockley Road, Beckendorff Road and Pitts Road. The sellers, the Beckendorff family, were represented by attorney David Frishman and Mark W. Kidd Jr. of M Kidd Properties Inc.
MCKINNEY, TEXAS — James V. DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix regional office, has arranged the $5.8 million refinancing of Stonebridge Crossing, a shopping center in McKinney, Texas.Located at 6700 Virginia Parkway, the retail center spans 35,281 square feet. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender. Centennial Medical Center is one of the property’s major tenants. The shopping center is shadow-anchored by Albertsons.