DALLAS — Colliers International North Texas has arranged the sale of 56 acres of land in South Dallas, located at Vanderbilt Avenue and Millers Ferry Road. Tom Pearson, Chris Teesdale and Ward Richmond of Colliers International's Supply Chain Real Estate Advisors (SCREA) represented the seller, American Bank of Texas, in the transaction. Myron Goff purchased the land, according to Pearson.
HOUSTON — Orlando, Fla.-based Cuhaci & Peterson Architects has started to design four Fresh Market stores in the Houston area. The four stores, which all span approximately 23,000 square feet, are located in the Uptown/Tanglewood, Memorial, River Oaks and West University neighborhoods. The four stores are slated for a late 2013 opening.
AUSTIN — Bell Partners, an apartment investment and management firm, has acquired the 344-unit Rattan Creek Apartments in northwest Austin and the 272-unit Ranch House Apartments in southwest Austin on behalf of its investors. Rattan Creek has a 24-hour fitness center, central courtyard, two-tiered pool with a waterfall, outdoor fireplace, executive business center and a cafe lounge. Ranch House features a fenced pet park, music studio, 24-hour fitness center, volleyball court, lounge, coffee bar and interactive game room. Bell Partners will manage both Rattan Creek and Ranch House, which will be rebranded as Bell Tech Corridor and Bell Austin Southwest, respectively.
ABILENE — Wal-Mart Stores Inc. has selected Satterfield & Pontikes Construction to build a $9.2 million, 137,941-square-foot Sam's Club, located at 5550 S. Clark St. in Abilene. Dallas-based Raymond Harris and Associates is providing architectural design services for the development, and Fort Worth-based Dunaway Associates is providing civil engineering services. Project work for the new store includes asphalt paving, fire suppression, refrigeration, landscaping, irrigation, storm water system and erosion controls. Construction is slated to wrap up in May 2013.
ARLINGTON — Signature Associates has arranged two industrial leases totaling nearly 300,000 square feet, located at 3001 E. Pioneer Parkway and 3400-3408 Randol Mill Road in Arlington. Peter Walocko of Signature represented the tenant, Android Industries, in the lease transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.
SUGAR LAND — Three new office tenants have signed leases with Planned Community Developers (PCD) for office space at Sugar Land Town Square, bringing the development to 83 percent occupancy. Altius Consulting has leased 2,716 square feet of office space at 2245 Texas Drive, Suite 150. Julie Combs of JC Realty represented the tenant in the lease transaction. DuCharme, McMillen & Associates has leased 9,335 square feet of space at 2245 Texas Drive, Suite 450. Hugh Herman of Cushman & Wakefield of Texas represented the tenant. John Crane Production Solutions has leased 6,556 square feet of space at 2150 Town Square Place, Suite 395. Tracy Steele of Morgan, Lewis & Bockius represented the tenant in the transaction. PCD was self-represented by Don Janssen in the all three lease transactions.
DALLAS — NorthMarq Capital has secured a $4 million construction/permanent loan for a 21,000-square-foot Trader Joe's, located at 2001 Greenville Ave. in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the 21-year loan to amortize over 21 years through a life insurance company lender.
AUSTIN — DPG Investments, Vintage Pacific and affiliates closed funding for a joint venture with San Francisco-based Coast Range Investments for the development of the $800 million XS Ranch, a 9,600-acre master-planned community in Austin. The project is fully entitled for 7,050 residential lots. Vintage Pacific and Coast Range Investments will develop and manage the community.
HOUSTON — Newport Beach, Calif.-based KBS Strategic Opportunity REIT has closed on its acquisition of West Loop I & II, a 313,873-square-foot office complex located in Houston's Bellaire submarket. The office complex recently underwent nearly $4 million in capital improvements, including elevator upgrades and renovations for its adjacent eight-story parking deck. Charles Schreiber, Jr., Peter Bren, Keith Hall and Peter McMillan III of KBS Realty Advisors sponsored the buyer in the transaction, and KBS Capital Advisors LLC advised the REIT.
LEWISVILLE — A joint venture between Global Growth Trust, Dallas-based Hunt Realty Investments and Dallas-based Trinsic Residential Group has plans to develop a $34.9 million, Class A apartment community in Lewisville's Castle Hills master-planned community. The garden-style community, known as Aura Castle Hills, will contain 316 units and feature a clubhouse, business center, fitness center, dog park, resort-style swimming pool and attached and detached garages.