HOUSTON — The Houston chapter of Dress for Success has opened its new 16,600-square-foot office building, located at 3310 Eastside St. in Houston. The property was developed using $6.5 million in donations. D.E. Harvey Builders constructed the property and Ziegler Cooper Architects designed it. The new building includes a warehouse, sorting center, meeting space, computer center, resource center, child care facility and retail space.
SAN ANTONIO — Beech Street Capital has closed $39.2 million in Freddie Mac Capital Market Execution loans to refinance a three-property apartment portfolio totaling 942 units in San Antonio. The three properties include Sunset Canyon Apartments, Kenton Pace Apartments and Peppermill Apartments in San Antonio. Brian Sykes of Beech Street's Boston office originated the 10-year loans.
DALLAS AND ARLINGTON — NorthMarq Capital has arranged $5.6 million in acquisition financing for a portfolio of four industrial buildings located in Dallas and Arlington. The portfolio spans 240,000 square feet. Phillip Bankhead of NorthMarq's Dallas office arranged the 20-year loan to amortize over 20 years through a life insurance company.
ALLEN — Twin Creeks Business Center, a three-building, 180,000-square-foot industrial property at 1307 N. Watters Road in Allen, is nearly fully occupied after adding a tenant. Associated American Industries Inc. has signed a 21,027-square-foot lease for flex space at Building 200, becoming the building's first tenant. Susan Singer and Michael Grant of Bradford Commercial Real Estate Services/CORFAC International represented the landlord, Twin Creeks Warehouse Ventures LP, in the lease transaction. Natalie Snyder, Sharon Morrison, Nora Hogan and Robert Deptula of Transwestern Dallas represented the tenant.
HOUSTON — Liberty Property Trust has selected Cadence McShane Construction Co. to build the 163,600-square-foot Liberty 10 at Central Green, a warehouse/distribution center located at 16330 Central Green Blvd. in Central Green Business Park in Houston. The property is LEED Core and Shell certified and will include 3,000 square feet of office space. Seeberger + Associates will provide architectural services for the assignment. The project is slated for a February 2013 completion.
BROKEN ARROW, OKLA. — Sperry Van Ness/William T. Strange & Associates LLC (SVNWTS) has arranged the $2.4 million sale of the 36,218-square-foot Berkshire Medical Plaza, located at 1615-1621 Eucalyptus in Broken Arrow. The property was built in 2000 and is 50 percent occupied. Ryan McNeill and Tim Strange of SVNWTS represented the seller, RCB Bank, in the transaction. Dr. Jeff McIllroy was the buyer.
DALLAS — Winstead PC, a law firm, has moved its offices to 130,000 square feet of space at 500 Winstead Building, located at 2728 N. Harwood St. in uptown Dallas. The law firm moved locations from Renaissance Tower. Design firm lauckgroup and general contractor Beck Group collaborated with Winstead on the design of their new office space.
IRVING — SkyWalker Property Partners has acquired a vacant 21,696-square-foot office building in the Las Colinas Office Center, located at 3001 Skyway Circle N. in Irving. SkyWalker purchased the portfolio through its investment vehicle, Hangover Opportunity Fund LLC. Renee Efimoff of SCM Real Estate Services in Arlington and Gary Walker of SkyWalker represented the buyer in the transaction. Shawn Hall of Bright Realty Co. represented the seller, a trust based in Connecticut.
WEATHERFORD, OKLA. — Marcus & Millichap has arranged the sale of a 3,418-square-foot restaurant leased to McDonald's, located at 105 N. Washington St. in Weatherford. Approximately 11 years is remaining on McDonald's 20-year lease. Vincent Knipp and Chance Hales of Marcus & Millichap's Fort Worth office represented the seller, a private investor, and the buyer, a partnership, in the transaction.
AUSTIN — HID Global has plans to construct a $35 million, 200,000-square-foot operations center in Austin, which will serve as the company's manufacturing and distribution headquarters. HID Global worked closely with the Austin Chamber of Commerce, State of Texas and Travis County to bring the project to fruition. The City of Austin approved a 10-year grant estimated at $920,576, Travis County approved $745,000 in tax incentives and the State of Texas approved HID Global for a $1.9 million Texas Enterprise Fund grant.
