Texas

HOUSTON — Construction has begun the second phase of BLVD Place, a mixed-use development located in Houston's Uptown District. This phase of BLVD Place will contain approximately 211,000 square feet of retail and office space. The development is 60 percent pre-leased and will include a 48,500-square-foot Whole Foods and Frost Bank will occupy 53,000 square feet. W.S. Bellows Construction Corp. is the general contractor for Phase II and Comerica Bank, Wells Fargo, Whitney Bank and Cadence Bank are providing construction financing. San Francisco-based Stockbridge Capital Group served as the equity investment advisor, AECOM's Los Angeles office designed the project and Walter P. Moore served as the civil engineer. The transaction was closed at Stewart Title Co. Bill Boyer and Charles Gordon of CBRE Group, along with Scott Gardner of SRS Realty, represented Frost Bank in its lease transaction. Chip Colvill of Colvill Office Properties and Elise Weatherall of Wulfe & Co. represented the owner.

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NACOGDOCHES — North Village Market, a three-phased, mixed-use development located in Nacogdoches, has broken ground. The first phase of 4,500 square feet is slated to open in the fall of 2013, with another 8,000 square feet expected to open in the next two phases. Newk's will anchor the property, and North Village Market LLC, a division of Nacogdoches-based Jones Enterprises LTD, owns the development. Nacogdoches-based Army Curtis designed the project to include a tree-lined boulevard, a roundabout circling a large Texas flag, benches and walkways with antique street lights.

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AUSTIN — Berkeley Point Capital has funded $52.3 million in first mortgage financing for the 348-unit West Campus II, a Class A dedicated student housing community located in the West Campus section of Austin. The community is part of a larger two-phased community known as The Quarters and is within walking distance of the University of Texas. Amenities of the community include courtyards, a 24-hour fitness center, on-site parking, stained concrete floors and furnished units upon request. Adam Randall of Berkeley Point's Bethesda, Md., office arranged the 10-year loan with full-term, interest only payments through the Fannie Mae DUS Student Housing program.

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DALLAS — NorthMarq Capital has secured $8 million in acquisition financing for the 37,612-square-foot Knox Street Promenade, a retail/restaurant development housing six tenants located in Dallas. Phillip Bankhead of NorthMarq's Dallas office arranged the 15-year loan with a 30-year amortization schedule through a life insurance company.

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DALLAS — Methodist Dallas Medical Center has broken ground on the new six-story, $108 million Charles A Sammons Trauma and Critical Care Tower, located in Dallas. The 248,000-square-foot trauma and critical care center will include 58 emergency room beds, six trauma suites, eight surgical suites and a 36-bed critical care unit. The hospital will also have the ability to expand to 11 stories for future growth. The construction will be supported by a $20 million BrightER campaign. Completion is slated for summer 2014.

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HOUSTON — Transwestern, through a joint venture with Denver-based Miller Global Properties, has purchased a 20.8-acre tract of land to develop Westgate, a 660,000-square-foot, Class A office project to be located in the Energy Corridor of Houston. The site has extensive frontage on the north side of Interstate 10. Westgate will consist of a four-story, 248,500-square-foot building; a four-story, 186,000-square-foot building; and a five-story, 225,500-square-foot building, each of which will have its own parking structure. The development is 67 percent pre-leased. EE Reed will be the project's general contractor, and Powers Brown Architecture will design the project to achieve LEED Silver certification. Carleton Riser, Sean Suffel and Mark Miller of Transwestern are spearheading the design and development of the project. Jeff Peden and David Cook of Cushman & Wakefield represented the seller, Hearst Corp., in the land transaction. Transwestern was self-represented.

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AUSTIN — John Capital has secured a $23 million loan to refinance a 87,500-square-foot mixed-use development, located at 5th Street and Lamar in downtown Austin. The development also includes a four-level parking garage. The retail portion is leased by several tenants, including West Elm, and the office space is fully leased to HomeAway. Scott Monroe of Johnson Capital arranged the 10-year loan with a 30-year amortization schedule through a Wall Street conduit lender to refinance a construction loan.

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HEBRON, THE COLONY AND LOWRY CROSSING — Houston-based Spec's Wine, Spirits & Finer Foods has leased locations in Hebron, The Colony and Lowry Crossing. The Hebron store, located at 2401 W. Parker Road, spans 12,000 square feet and is now open. Sam Gruner of Hank Dickerson Co. represented the landlord, One Emsee, in the lease transaction. The Colony store, located at the northeast corner of State Highway 121 and Blair Oaks, spans 20,000 square feet and is projected to open in the spring of 2013. Tommy Crowel of The Standridge Company represented the landlord, Memorial 121 Land, LTD. The Lowry Crossing store, located at 4100 E. State Highway 380, spans 14,261 square feet and also serves as the Spec's Collin County distribution facility. Gruner represented the landlord, Big Tex Lowry Crossing. Jeff Brand of Brand Capital Partners, along with Jody Detmore of SFP Brokerage, represented the tenant in all three lease transactions.

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DALLAS — Satterfield & Pontikes Construction has delivered the 184,000-square-foot Ann Richards Middle School, part of the Dallas Independent School District. PBK Architects designed the school according to Texas Collaborative for High Performance School standards, and implemented intelligent lighting controls, sunshades, a reflective roof and a geothermal heating and cooling system, which is expected to save 35 percent on utility bills. The school includes high-tech classrooms, computer labs, a football/softball field, tennis courts and an outdoor basketball court. The school serves approximately 1,250 students.

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