WAXAHACHIE, TEXAS — Coldwell Banker Commercial Alliance DFW has brokered the sale of the 31,336-square-foot Rogers Hotel complex in the far south Dallas suburb of Waxahachie. The 101-year-old property, which has been repurposed for office and retail uses since 2012, consists of a pair of four-story buildings connected by a turn-of-the-century lobby. Jim Lake Cos., which occupies 2,500 square feet of office space within the hotel, acquired the asset and is redeveloping the complex as part of its larger redevelopment of Waxahachie’s historic town square. Located at 100 N. College St., the property was 50.3 percent leased at the time of the sale. Judy Nitzinger of Coldwell Banker Commercial Alliance DFW represented the seller, Southwest Securities FSB, in the transaction. Independent broker Rocky Stones, who is based in Waxahachie, represented the buyer.
Texas
CARROLLTON, TEXAS — CBRE has brokered the sale of Josey Rosemeade Shopping Center, a 14,500-square-foot retail property in the Dallas suburb of Carrollton. The unanchored strip center, located at the northeast corner of North Josey Lane and East Rosemeade Parkway, was 100 percent leased at the time of the sale and garnered 20 offers during the marketing period. Jennifer Pierson and Beth Pierson of CBRE represented the unnamed seller in the transaction. Josey Rosemeade LLC, an affiliated entity of Raywood Hasten LLC, purchased the asset.
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.
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.