Texas

HFF ARRANGES $16M FINANCING FOR ARLINGTON APTS.

by admin October 10, 2012

ARLINGTON — HFF has secured nearly $16 million in financing for Sunset Point and Springmist Apartment Homes, two multifamily communities totaling 408 units. Sunset Point and Springmist are located at 2015 and 2004 Randy Snow Road in Arlington, close to the Dallas Fort Worth International Airport. The properties are 97 percent occupied. John Brownlee of HFF arranged the 10-year loan through Freddie Mac on behalf of the borrower, Pure Multi-Family REIT. Loan proceeds were used to acquire the properties.

October 10, 2012

ARA ARRANGES AUSTIN'S LARGEST MULTIFAMILY SALE YTD

by admin October 9, 2012

AUSTIN — ARA has brokered the sale of the 608-unit Preserve at Travis Creek, a multifamily community located at 5800 SW Parkway in Austin. Amenities of the community include two resort-style swimming pools, a fully-equipped fitness center, aerobic studio, barbecue grills and a biking trail. The property is currently 96 percent occupied. Patton Jones of ARA's Austin office represented the seller, Dallas-based Invesco Real Estate, in the transaction. The buyer was Chicago-based Heitman. Preserve at Travis Creek is the largest multifamily property to have traded in Austin year to date.

October 9, 2012

Retail Texas

UCR BROKERS SALE OF THREE TEXAS RETAIL PROPERTIES

by admin October 9, 2012

FRISCO, DALLAS AND WEATHERFORD — UCR Investment Sales has secured the sale of three retail properties in the Dallas/Fort Worth area totaling 20,441 square feet. The properties include the 10,227-square-foot Teel Village, a shopping center located in Frisco that is fully leased to Dunkin Donuts, Subway, RE/Max, Alpha Primary Healthcare and Dr. Oved. The second property is a new retail center in Dallas fully leased to Starbucks and Chipotle Mexican Grill. The last property is an On the Border ground lease in Weatherford. The property is an outparcel of the 271,829-square-foot Weatherford Marketplace. Tommy Tucker of UCR represented the sellers in each transaction.

October 9, 2012

Retail Texas

BRADFORD SECURES SALE OF GAS STATION/CAR WASH

by admin October 9, 2012

DALLAS — Dallas-based Bradford Commercial Real Estate Services has brokered the sale of an 8,964-square-foot gas station and a 1,270-square-foot car wash, located at 18120 Coit Road in north Dallas. Leigh Richter of Bradford Commercial represented the seller, Illinois Mutual Life Insurance Co. Holdings LLC, in the transaction. The buyer was a local private investor represented by an independent, Dallas-based broker.

October 9, 2012

Retail Texas

SUPER 1 FOODS TO BREAK GROUND IN TYLER

by admin October 9, 2012

TYLER — A 58,000-square-foot Super 1 Foods store is set to break ground on East Gentry Parkway in Tyler. NFL Hall of Famer and Heisman Trophy winner Earl Campbell will be present at the groundbreaking ceremony to help market his meat products line, Earl Campbell Meat Products. Brookshire Grocery Co. is the parent company of the Super 1 Foods brand in Texas, Louisiana and Arkansas.

October 9, 2012

Hospitality Texas

NORTHMARQ ARRANGES $14M LOAN FOR CROWN PLAZA HOTEL

by admin October 9, 2012

ADDISON — NorthMarq Capital has arranged $14 million in first mortgage refinancing for the Crown Plaza Hotel, located in Addison. David Mott and Phillip Askew of NorthMarq's Dallas office arranged the loan through a national bank.

October 9, 2012

Office Texas

DIVCOWEST BUYS TWO DOWNTOWN AUSTIN OFFICE BUILDINGS

by admin October 8, 2012

AUSTIN — DivcoWest has purchased the Littlefield and Scarbrough buildings, two office properties totaling approximately 240,000 square feet at Sixth and Congress streets in downtown Austin. DivcoWest bought the historic office buildings from Heitman LLC. The Littlefield Building is 86 percent leased to tenants such as Capital One and HQ Global. The Scarbrough Building is 93 percent leased to retail tenants Gold's Gym, Brooks Brothers and Ruth's Chris Steakhouse, as well as office tenants Frog Design and WeissComm Group.

October 8, 2012

Retail Texas

$15.5M WALMART SUPERCENTER COMING TO SOUTH DALLAS

by admin October 8, 2012

DALLAS — Satterfield & Pontikes Construction has broken ground on a 185,000-square-foot Walmart Supercenter, located at Ledbetter Drive and R.L. Thornton Freeway in south Dallas. The $15.5 million project is slated for a summer 2013 completion. Dallas-based Raymond Harris & Associates is providing architectural services, Ellison Gage & Associates is providing structural engineering services, Henderson Engineers is providing MEP engineering services and Kimley-Horn and Associates is providing civil engineering services.

October 8, 2012

Retail Texas

BANDIER BROKERS SALE OF REO RETAIL CENTER

by admin October 8, 2012

KATY — BANDIER Realty Partners' Foreclosure Asset Services Team (FAST) has arranged the sale of a foreclosed, 58,602-square-foot retail center, located at 455 Katy Fort Bend Road in Katy. The property is currently 7 percent leased. Jason Tangen and Rob Banzhaf of BANDIER Realty Partners represented the seller, Golden Bank, N.A., in the transaction. BANDIER has turned its efforts to leasing the center on behalf of the buyer, Astra Ventures.

October 8, 2012

Office Texas

THREE-STORY OFFICE PROPERTY IN MIDTOWN HOUSTON SELLS

by admin October 8, 2012

HOUSTON — A historic three-story, 6,122-square-foot office property, located at 3006 Brazos St. in midtown Houston, has been sold. The office building is also known as the Judge Tom Mullins Building. Christopher Dray of Moody Rambin's Investment Services Group represented the seller, James Patrick Smith PC, in the transaction. Jay Wall of Moody Rambin's Tenant Rep Services represented the buyer, Dunn, Neal & Gerger LLP.

October 8, 2012

Newer Posts

Older Posts

Upcoming Events

Jun
05