WEATHERFORD — Marcus & Millichap has arranged the sale of the 16,185-square-foot Shoppes of Weatherford, a retail property located at 1914 Main St. in Weatherford. The property is fully leased to triple-net tenants. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a limited liability company, in the transaction.
DALLAS — Hartman Short Term Properties XX Inc., an affiliate of Houston-based Hartman Income REIT has purchased the three-story Bent Tree Green, a 139,609-square-foot office building located in the Lower Tollway Corridor at 17300 N. Dallas Parkway in Dallas. Tenants include Purdy-McGuire Inc., Dental One Partners and Behringer Harvard REIT I. Garr Carr and Eric Mackey of CBRE Group represented the seller, Behringer Harvard, in the transaction. The buyer was self-represented by Dave Wheeler, Julian Kwok and Matt Blasi.
MCKINNEY — A partnership between Stratford Land and Zale Corson Group Inc. has agreed to acquire 20 acres of land in the 121 Corridor in McKinney. The site will house a multifamily development.
HOUSTON — A joint venture between Hallandale Beach, Fla.-based Beacon Investment Properties, Menorah Mivtachim and Psagot has acquired One City Centre, a 609,000-square-foot, Class A office building located at 1021 Main St. in Houston's CBD. Menorah Mivtachim and Psagot are two Israeli financial institutions. The joint venture purchased the 31-story office property from Behringer Harvard. One City Centre is currently 84 percent leased and was recently certified LEED Gold. Tenants include Waste Management and Energy XXI. Beacon also purchased a 560,000-square-foot office portfolio in Houston, Ashford 5, 6 & 7, last month.
HOUSTON — Houston-based Standard Equipment Co. has selected Satterfield & Pontikes Construction to build four industrial properties totaling 185,000 square feet at its corporate headquarters complex in northwest Houston. Standard Equipment awarded Satterfield & Pontikes the $13 million project, which will include a 54,000-square-foot flex building and three crane-served industrial buildings.
HOUSTON — Berkeley Point Capital has provided a $40 million acquisition loan for the 380-unit AMLI Towne Square Apartments, located in Houston. The property will be renamed Standard on West Dallas. Ed Belz of Berkeley Point's Boston office arranged the seven-year loan through the Fannie Mae DUS lender program on behalf of the borrower, Baron Properties. The borrower plans to spend $4.4 million on capital improvements on the property.
SAN ANTONIO — NorthMarq Capital has secured $13.7 million in acquisition financing for the 384-unit Enclave Apartments, located at 2555 NE Loop 410 in San Antonio. Luke Donahue of NorthMarq's Phoenix office arranged the 10-year loan amortized over 30 years through Freddie Mac on behalf of the borrower, Enclave Communities.
HOUSTON — Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged construction/permanent financing for a 117,184-square-foot office/warehouse, located at the northeast corner of Heathrow Forest Parkway and Aldine Bender in the Interwood Business Park in Houston. Larry Peters of KDH's Houston office arranged the loan through a middle market bank in Houston on behalf of the borrower, SUHM Spring Works.
DALLAS — Chef John Coleman will open a restaurant and food kiosk in the new Klyde Warren Park, a 5.2-acre deck park built above Woodall Rodgers Freeway next to downtown and uptown Dallas. Savor, the restaurant, will be a gastropub featuring a custom mixology program. Bill Johnson of Atlanta-based Johnson Studios is designing the restaurant's interior. Savor will debut as a food truck until the restaurant is delivered in mid-2013. Relish, a permanent kiosk, will be a companion to Savor.
AUSTIN — Muskin Commercial has arranged the sale of the 122-unit Salem Walk Apartments, located in Austin. Ellen Muskin and Daniel Elam of Muskin Commercial represented the seller, a Santa Rosa, Calif.-based partnership, in the transaction.
