HOUSTON — Real estate firm Intergroup Cos. has brokered the sale of the 182-room Hilton Garden Inn Houston/Galleria Area. The hotel, which opened in 2005, offers shuttle service and complimentary high-speed internet, as well as a business center, fitness center, ballroom and swimming pool. The property is located at 3201 Sage Road, in proximity to the interchange of I-610 and the Southwest Freeway. Tandy Lofland of Intergroup represented the seller, Houston-based American Liberty Hospitality. An affiliate of Summit Hotel Properties purchased the asset, and American Liberty will continue to manage the hotel.
Texas
AUSTIN, TEXAS — Investment firm CIM Group and Seaholm Power LLC have leased 103,000 square feet of office space at the Seaholm Power Plant in Austin to athenahealth. The tenant, a provider of cloud-based services for the healthcare industry, will fully occupy the office portion of the property, which is being repurposed as part of a mixed-use development. Renovations to the space for athenahealth are slated for completion in mid-2014, with construction of additional elements of the project extending into 2015. The Seaholm Power Plant redevelopment site is bounded by Cesar Chavez Street, West Avenue, 3rd Street and the A&NW rail line in downtown Austin.
THE WOODLANDS, TEXAS — Crust Pizza Co., a restaurant concept developed in The Woodlands, will open at Creekside Park Village Center, a mixed-use development of The Howard Hughes Corporation and The Woodlands Development Company. The pizzeria will occupy a 2,500-square-foot space along the complex’s Village Green, which includes a tree-lined park, walkways and water feature. The new location will be Crust Pizza’s third in The Woodlands. Opening is slated for this fall. Mark Raines of CBRE represented Crust Pizza in the lease negotiations, while Rip Reynolds of The Howard Hughes Corporation represented The Woodlands Development Company.
DALLAS — Colliers International has brokered the sale of Preston Plaza, a 261,186-square-foot office tower in north Dallas. Located at 17950 Preston Road, the Class A property stands 10 stories and is in proximity to President George Bush Turnpike, Dallas North Tollway and I-75. Jack Minter, Creighton Stark and Ben Lurie of Colliers represented both the seller, Granite Properties, and buyer, Caddo Holdings, in the transaction.
SAN MARCOS, TEXAS — CBRE has brokered the sale of four buildings previously owned by Hays County totaling 66,066 square feet in San Marcos. The assets, vacated when the new Hays County Government Center opened in February 2013, will be redeveloped for a variety of uses. Austin-based Primus Real Estate Services purchased the majority of the portfolio, including the former Courthouse Annex, Records Building and Justice Center. An undisclosed buyer acquired the fourth structure, a 3,229-square-foot building located at 302 W. San Antonio St. Walter Saad and Cathy Nabours of CBRE represented Hays County in the disposition.
HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 57,719-square-foot industrial building in Houston. The single-story warehouse is located at 6501 Goforth St., in proximity to the interchange of I-610 and State Highway 288. Robert Bain of CBCUR represented the seller, the Stevens family, in the transaction.
SAN ANTONIO — Henry S. Miller Brokerage has arranged the sale of a 10,000-square-foot flex building in San Antonio. Located on approximately 2.3 acres at 1711 Columbia Square, the former restaurant property is in proximity to Southwest Loop 410. Jim Turano and Keith Coelho of Henry S. Miller Brokerage represented the buyer, Columbia Square LLC, which will repurpose the building as the third metro-area location of San Antonio Dialysis outpatient services. Joe Caroll of Cavender & Hill Real Estate represented the seller, Brisend Investments LP, in the transaction.
FRISCO, TEXAS — Developer Warrior Creek Realty LLC has broken ground on the a new 190,540-square-foot headquarters in Frisco for Cornerstone Automation Systems LLC (CASI). Located at 10601 Clarence Drive, the property will include office and warehouse space for CASI, a manufacturer of distribution and pharmacy automation systems, as well as an additional 21,000 square feet of office space available for lease to another tenant through Hudson Peters Commercial. The chief tenant will relocate from an 86,000-square-foot space at 10351 Home Road, which is less than a mile away from the new facility.
PEARLAND, TEXAS — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 124,000-square-foot warehouse in the Houston suburb of Pearland. Located at 3702 Knapp Road, the property features 24-foot clear heights and 6,000 square feet of finished office space. David Hummel and Vince Elder of CBCUR represented the seller, GP Assets Inc., in the transaction. Kenneth Li of Century 21 Southwest represented the buyer, Houston Z & L Holding Inc.
LEAGUE CITY, TEXAS — General contractor Weis Builders Inc. has completed Orchard Park at Victory Lakes, a 126-bed senior living community in the southeast Houston suburb of League City. Constructed in 14 months, the property features 60 assisted living units and 40 memory care units, as well as amenities including a fitness center, recreation area, therapy room and landscaped courtyard. Move-in began immediately upon completion of the HUD project.