EULESS — ARA has arranged the sale of The Stoneleigh at Bear Creek, a 436-unit Class A multifamily property located in Euless. Brian O'Boyle, Sr., Brian O'Boyle, Jr., and Brian Murphy of ARA's Dallas office represented the seller in the transaction. The property is 96 percent occupied.
ODESSA — SCC Healthcare Group has broken ground on the $10 million, 43,000-square-foot Madison Medical Resort, a post-hospital recovery, skilled nursing and long-term care community located in Odessa. The facility, which is slated for a summer 2013 opening, should create 150 new jobs. The property will feature personal laundry services, a courtyard, private dining room and large flat-screen TVs in every room.
MANSFIELD — California-based Don Lee Farms has acquired a 140,000-square-foot food production and distribution facility in Mansfield. Don Lee Farms produces beef, pork, turkey, chicken, vegetarian and vegan food products, which are sold at Costco, Whole Foods, Sam's Club and Walmart.
KATY — Marcus & Millichap has secured the sale of Cinco Ranch Plaza, a 14,269-square-foot shopping center located at 5131 S. Fry Road in Katy's Cinco Ranch community. The center's list price was $2.53 million. Tanner McGraw and Jonathan Peranich of Marcus & Millichap's Houston office represented the seller, a developer, in the transaction. Justin Miller and David Knobler, also of Marcus & Millichap's Houston office, secured and represented the buyer, a private local investor.
DALLAS — The AIDS Healthcare Foundation (AHF) is opening a new 3,600-square-foot clinic known as the Dallas AHF Magic Johnson Healthcare Center. The clinic will be located in Medical City at 7777 Forest Lane, Suite B-122 in Dallas. The property will feature four exam rooms and a pharmacy. AHF operates 21 other clinics nationwide.
FORT WORTH — Jones Lang LaSalle has arranged Residential Credit Solutions' 106,500-square-foot office lease at 4708 Mercantile Drive in Fort Worth. Pat McDowell and Matt Montague of Jones Lang LaSalle represented the tenant in the lease transaction. Brian Randolph and Andrew Ward of Mercantile Partners represented the landlord.
FORT BLISS — Balfour Beatty Communities has plans to expand its Fort Bliss/White Sands Missile Range military housing project with the U.S. Department of the Army by building an additional 500 townhomes at Fort Bliss. The development and construction is primarily financed through a $141 million loan. Balfour Beatty will oversee the design, construction and management responsibilities for the project, which is slated for a January 2016 delivery. Construction is scheduled to begin in the first quarter of 2013. Amenities will include playground areas, basketball courts, volleyball courts and large gazebos. Dallas-based Balfour Beatty Construction is the general contractor.
DENTON — Rayzor Ranch Town Center, a new open-air retail and entertainment development located at the intersection of Interstate 35 and U.S. Highway 380 in Denton, will add a 126,000-square-foot Dillard's to its tenant roster. Dillard's will serve as the shopping center's first anchor department store. RED Development, owner of Rayzor Ranch, plans to build out the center to 600,000 square feet and add several high-quality tenants.
KATY — Ybarra Investment/Jimmy Changa's has purchased an 87,991-square-foot site at the southwest corner of Interstate 10 and Westgreen in Katy from Vista Red. Mac Ruggles of Texas/Southwest Group represented the buyer in the transaction. Eric Walker of Capital Retail Properties represented the seller.
HOUSTON — Marcus & Millichap has arranged the sale of a 5,000-square-foot shopping center, located at 3507 S. Shepherd in Houston's inner loop. Derek Hargrove of Marcus & Millichap represented the seller, a private partnership, in the transaction. Braun Enterprises is the buyer.
