HOUSTON — Developer Gables Residential has completed Gables Tanglewood, a 316-unit multifamily property in Houston’s Galleria submarket. The eight-story, concrete-frame building offers one- to three-bedroom apartments, as well as an amenity package that includes a swimming pool, fitness center, movie theater and internet lounge. Ground-level retail space totaling 22,000 square feet features restaurant Dish Society. Atlanta-based Gables Residential is seeking NGBS Silver certification for the project. Houston-based architect Ziegler Cooper designed Gables Tanglewood.
Texas
MANSFIELD, TEXAS — Developer UDC Global will break ground in June on Rochester Springs Assisted Living and Memory Care, a seniors housing property in the Dallas/Fort Worth suburb of Mansfield. The $11.5 million facility, which will include 51 assisted living units and 44 memory care units, will occupy 73,073 square feet within the larger mixed-use campus located at the intersection of Matlock Road and East Broad Street. Dallas-based three: living architecture designed the project, which is slated for completion in June 2015.
DENTON, TEXAS — Transwestern has brokered the sale of Denton Town Center, a 77,592-square-foot shopping center in the suburb of Denton, about 40 miles north of Dallas. The property, which includes a pair of two-story buildings, is located across from the Golden Triangle Mall, in proximity to the interchange of I-35 and Loop 288. Long-term tenants include Cici’s Pizza, Vision Works, Sleep Experts, Carter Blood Care, Jason’s Deli and the U.S. Armed Forces. Larry Jordan, Frank Bullock and Steve Williamson of Transwestern represented the seller, a family trust. Dean Flowers and Pete Flowers of Dollar-Flowers Realty Partners represented the buyer, Greenway Investment Co.
MISSOURI CITY, TEXAS — Marcus & Millichap has brokered the sale of Colony Plaza Shopping Center, a 55,022-square-foot retail property in the Houston suburb of Missouri City, for $8.4 million. Located at 4811 Highway 6 South, the facility is in proximity to Dulles Avenue and I-69. Reconfigured in 2004 for three tenants, the building originally housed an Albertson’s grocery store but is now anchored by Star Cinema Movie Grille. Jerry Goldstein of Marcus & Millichap marketed the asset on behalf of the seller, a private investor.
COLLEGE STATION, TEXAS — Satterfield & Pontikes Construction (S&P) will begin this month on the $46 million expansion and renovation of the Student Recreation Center at Texas A&M University’s College Station campus. The project will add more than 113,000 square feet — including additional weight room space, two basketball courts and a lap pool — to the current facility. S&P will also upgrade the existing natatorium, activity spaces and office areas, which total 55,000 square feet. The center, which serves nearly 1.5 million users annually, will remain open during construction. Marmon Mok Architecture is providing design services.
LEWISVILLE, TEXAS — Bob Moore Construction has broken ground on a new 421,000-square-foot flex space complex in the Dallas suburb of Lewisville. Flooring Services Inc., a family of companies that has provided flooring and other interior building products in Texas, Oklahoma and Louisiana since 1983, will consolidate its various businesses at the property, which also includes room for future growth. The two-building development comprises 204,350 square feet of warehouse space, 57,688 square feet of corporate offices and a 54,350-square-foot showroom, all within Building A; and 105,400 square feet of manufacturing space in Building B. The facilities are slated for completion in the first quarter of 2015. Pross Design Group, based in Dallas, is serving as architect on the project.
HOUSTON — HFF has brokered the sale of Gulf Plaza, a 120,651-square-foot office building in Houston’s Energy Corridor. Located at 16010 Barkers Point, in proximity to State Highway 6 and I-10, the property is fully occupied by Gulf Interstate Engineering. The six-story structure underwent nearly $1 million in renovations in 2012, when the tenant renewed its lease. Dan Miller and Martin Hogan of HFF represented the seller, Hartman Gulf Plaza Acquisitions LP. The buyer, Hartman Income REIT, was represented internally by Julian Kwok and Dave Wheeler.
SAN ANTONIO — Transwestern has brokered the sale of Cherry Ridge Office Park, a 113,548-square-foot office complex in San Antonio. Constructed in 1981, the four-building, Class B property is located at 3201 Cherry Ridge St. in the Northwest submarket of the city. At the time of the sale, the complex was 89.7 percent leased to multiple tenants. Alan Grilliette, Leah Galagher and Hale Umstattd of Transwestern represented the seller, Cherry Ridge Realty LTD, in the transaction.
HOUSTON — Developer Caddis Partners LLC has broken ground on two new seniors housing projects in the Houston metro area, both of which will be marketed under the company’s Heartis brand. Heartis Cypress and Heartis Clear Lake will each comprise 78 units, including 54 assisted living units and 24 memory care units in either facility. Both properties will feature interior courtyards, chef-prepared meals, housekeeping and laundry services. Caddis Partners will own the facilities, while Eugene, Ore.-based Good Neighbor Care will manage operations. For both projects, Austin-based KATUS is providing architectural services, and the Dallas office of MAPP Construction is serving as general contractor.
SPRING, TEXAS — Woodbine Development Corp. and InterMountain Management (IMM) have purchased more than three acres in the Houston suburb of Spring for the construction of a new 128-room Residence Inn. The extended-stay, select-service hotel will be within the Springwoods Village mixed-use community, an 1,800-acre, $10 billion development designed for sustainability. The property, set to open in the summer of 2015, will be located in proximity to I-45, as well as the future ExxonMobil campus in The Woodlands and the headquarters of Southwestern Energy. Other members of the Residence Inn project team include GH2 Hospitality Architects, Walter P. Moore Engineers and Precision Engineering, all based in Tulsa, Okla.; and DCI Engineers, which is based in Austin.