AUSTIN — SouthStar Communities, a residential real estate development company, will relocate its corporate headquarters to Austin. The firm is known for master-planned communities throughout the Southern U.S., including Vintage Oaks in New Braunfels, the fastest-growing neighborhood in the 25-county South-Central Texas Hill Country region. SouthStar’s new office is located near the intersection of Highway 360 and Bee Cave Road.
Texas
IRVING — Chambers Street Properties has acquired Carpenter Corporate Center I and II, a two-building office property totaling 226,822 square feet in the Las Colinas master-planned development of Irving, located 10 miles west of Dallas. The buildings, both leased to a subsidiary of a major healthcare company on a long-term lease, offer an on-site café, fitness center and parking for 1,107 vehicles. With the purchase, Chambers Street now holds three office assets in the Dallas/Fort Worth Metroplex.
HOUSTON — Colliers International has arranged the lease of 26,950 square feet in Houston’s Beltway 8 Office Center to Haven Behavioral Services of Houston LLC. The new facility, which will focus on geriatric psychiatric services, is Haven’s second location in Houston and ninth nationwide. The company is headquartered in Nashville, Tenn. Walter Menuet, L. Ace Schlameus, Laura A. Schlameus, Ryan Byrd and Jenny Seckinger of Colliers represented the landlord in the transaction, while David Boyles and Stan Young of Medical Real Estate Inc. represented the tenant.
KAUFMAN — A new Walmart Supercenter will break ground on Aug. 27 at the Kings Fort community in Kaufman, approximately 33 miles southeast of Dallas. The 158,579-square-foot store will be situated on a 19.1-acre tract purchased by Wal-Mart from Kings Fort developer JWS Land Ltd. The Supercenter will be the first part of the Kings Fort project, which will eventually include $250 million in retail, commercial and residential development. Marks Parks and Kent Stainback of Stainback Organization represented Walmart in the transaction. Jim Meara of The Meara Company represented JWS.
DALLAS — SRS Real Estate Partners has arranged a lease for a new location of the casual dining franchise Bon Chon Chicken in a 4,500-square-foot space at Greenville Avenue and Lovers Lane in Dallas. The restaurant, which specializes in Korean-style fried chicken, joins other area tenants including Michael’s, Baker Brothers American Deli and Genghis Grill. Tyler Isbell and Jason Puig of SRS represented Bon Chon Chicken in the transaction, while Sue Hageman and Doug Howell of Westwood Financial represented the landlord.
SOUTHLAKE — Forest Park Medical Center Southlake, an $82 million project of Ascension Group Architects and Adolfson & Peterson Construction, has opened with 54 beds and 12 operating rooms. Approximately 25 miles northwest of Dallas, the facility totals three floors and 141,700 square feet. Plans call for an additional 80,000-square-foot attached medical office building as well as Silver LEED certification. LandPlan Development and the Neal Richards Group were the developers of the property, located on the south side of State Highway 114.
LAREDO — Construction firm Brasfield & Gorrie has completed the South Texas Border Intelligence Center, a 7,300-square-foot facility that will provide administrative offices and communication services for about 20 U.S. and Mexican government agencies. The U.S. General Services Administration for U.S. Customs and Border Protection, a division of the Department of Homeland Security, funded the $3.5 million project. Local materials were used in the construction of the building in an effort to reduce shipping and transportation expenses, and sustainable features such as low-flow plumbing fixtures and high solar reflective roof have also been implemented.
KELLER — Capital Square Realty Advisors LLC has acquired a 43,801-square-foot retail property in the northern Fort Worth suburb of Keller. The facility, which currently houses a 24 Hour Fitness Super Sport, is located at 5901 Golden Triangle Boulevard and boasts 239 parking spaces. Constructed in 2008, the location sports amenities such as a full-sized basketball court, group exercise rooms, indoor lap pool, whirlpool, racquetball court and sauna.
DALLAS — Firecrust Neapolitan Pizzeria has signed leases for two new locations in the North Dallas submarket. The restaurants will be located in a 3,000-square-foot space at Knox Promenade Shopping Center and a 2,935-square-foot space at Prestonwood Park in Plano. Firecrust, which offers salads, craft beer and wine in addition to custom, wood-fired pizzas, plans to open five to seven locations in 2014.
DALLAS — HFF has arranged the sale of a two-property, 754,554-square-foot, Class A industrial portfolio in the Dallas-Fort Worth Metroplex. Included are Northlake Industrial Center, located three miles north of the Alliance Texas mixed-use development on Interstate 35, and Towne Lake Business Park Two, immediately south of Dallas/Fort Worth International Airport. Randy Baird, Jud Clements and Robby Rieke of HFF represented the seller, Panattoni Development. Private real estate investment firm Cabot Properties purchased the portfolio, which was 100 percent leased at the time of sale.