SAN ANTONIO — Travis Commercial Corp. Services has brokered the acquisition of Heritage Oaks I, an 84,000-square-foot, Class A office building located on Loop 1604 and Bitters Road in San Antonio. Zachry Corp. purchased the property, which will serve as its new headquarters. Mark Krenger and Jeff Miller of Travis Commercial provided acquisition and advisory services to Zachry Corp.
DALLAS — Rosemont Realty LLC has secured a long-term lease expansion from NorthPark Management at 8080 NCX, a 286,921-square-foot office complex located at 8080 N. Central Expressway in Dallas. The building is currently at 95 percent occupancy. Kirby White represented Rosemont Realty in-house and John Amend and J.W. Amend of the Amend Group represented NorthPark Management in the transaction.
LONGVIEW, TEXAS — ARA has arranged the sale of The Tree House Apartments, a 172-unit multifamily community in Longview. Bart Wickard and Brian O'Boyle Jr. represented the seller, Kansas City, Mo.-based Kelco/Maxus Properties, in the transaction. Las Vegas-based Koza Consulting LLC was the buyer. The property was 96 percent occupied.
GRAND PRAIRIE, TEXAS — Marcus & Millichap has brokered the sale of Savannah Square, a 56-unit multifamily property located at 321 SW 5th St. in Grand Prairie. Doug Banerjee, Mason Green, John Barker and Boyan Radic of Marcus & Millichap's Fort Worth office represented the seller and the buyer, both private investors, in the transaction. The property was 60 percent occupied at the time of sale.
RICHARDSON, TEXAS — Citadel Partners has arranged a 45,732-square-foot lease in Cardinal Park 7 in Richardson. The property is located at 1705 N. Plano Road. Scott Morse and Scott Jessen of Citadel Partners represented the tenant, Electronic Transaction Consultants, in the lease transaction. Byron McCoy and Josh Barnes of Holt Lunsford Commercial represented the landlord.
SAN ANTONIO — CBRE has arranged a 14,500-square-foot lease for ground-floor space at One Riverwalk Place in downtown San Antonio. The property is located at 700 N. Saint Mary's St. The tenant, South Texas Money Management Ltd., (STMM) is moving is headquarters from Olmos Park in midtown San Antonio. STMM will work with CBRE's Project Management Group to remodel the space before occupancy. The new office will serve as the firm's headquarters and will also house its multifamily office subsidiary. Taylor Dorris of CBRE's San Antonio office represented STMM in the lease.
DALLAS — Brookwood Financial Partners LLC, a real estate investment and asset management firm, has acquired Interchange Office Center, a three-story, Class A office building in Dallas. The 150,596-square-foot office building is located at the intersection of the Dallas North Tollway and the George Bush Turnpike. The property was 88 percent leased at the time of sale. Michael McDonald and Kennedy Hicks of Eastdil Secured represented the seller in the transaction. Brookfield was self-represented.
HOUSTON — ARA has arranged the sale of Fairfield Creek, a 696-unit multifamily community in Houston's Gulfgate submarket. The property was 93 percent occupied at the time of sale. David Wylie, Russell Jones, Matt Saunders and Zach Springer of ARA represented the seller, Harbor Group International, a Norfolk, Va.-based real estate investment company, in the transaction. RB Associates, a Houston-based multifamily owner/operator, purchased the property and plans to divide the asset into two separate apartment communities, complete interior upgrades and raise rents by $50 to $75 per month. The property features four swimming pools, four spas and a jogging trail.
PEARLAND, TEXAS — Gaia Real Estate Investments has partnered with Grand China Fund to acquire Whispering Winds, a 286-unit apartment community in Pearland. The property was built in 1986 and renovated in 2005. Gaia intends to renovate the property's common areas, amenity package and apartment units. Whispering Winds' amenities include two swimming pools, courtyards, barbecue grills, laundry facilities, clubhouse and business center, playground, dog park and lighted tennis court. Gaia owns 6,548 apartment units in 23 properties in Houston, Dallas and Corpus Christi.
HOUSTON — Moody Rambin has arranged the sale of a 8,354-square-foot office/industrial building, located at 6807 Wynnwood Lane in Houston. Christopher Dray of Moody Rambin represented the seller, The Daily Court Review, in the transaction. Steven O'Connor of Southwest Realty represented the buyer, Matex Property Group LLC. The property served as The Daily Court Review's corporate headquarters until last year when it moved to 8 Greenway Plaza.