Texas

CBRE ARRANGES $83.5M IN CONSTRUCTION FINANCING

by admin May 14, 2013

AUSTIN, TEXAS — CBRE's Debt & Equity Finance team in Houston has arranged $83.5 million in construction financing on behalf of Seaholm Power LLC for the redevelopment of the Seaholm Power Plant. The historic facility is located in the southwestern portion of Austin's central business district. The borrower plans to transform the 117,000-square-foot power plant into office space and add approximately 60,000 square feet of mixed-use space, anchored by a Trader Joe's grocery store. The redevelopment also includes a 30-story, 309-unit apartment tower. Jim Richards and Jim Kirkpatrick of CBRE arranged the open-ended construction loans, which were funded by Bank of the Ozarks and IBC Banks. Seaholm Power LLC is a joint venture between Austin-based Southwest Strategies, Los Angeles-based CIM Group and the City of Austin.

May 14, 2013

SATTERFIELD & PONTIKES CONSTRUCTS $35.8M BORDER PATROL STATION

by admin May 14, 2013

KINGSVILLE, TEXAS — Satterfield & Pontikes Construction has delivered a new $35.8 million border patrol station in Kingsville for the U.S. Army Corps of Engineers. The U.S. Customs and Border Protection station features a 47,000-square-foot main station building, a 22,000-square-foot maintenance building, 8,000-square-foot warehouse, 4,000-square-foot canine facility, 2,000-square-foot covered fueling station and a 3,000-square-foot car wash facility. VOA Associates designed the complex to achieve LEED Silver certification, and Satterfield & Pontikes completed the station's construction four months ahead of schedule.

May 14, 2013

Office Texas

WESTRIDGE AT LA CANTERA DEVELOPMENT COMING TO SAN ANTONIO

by admin May 14, 2013

SAN ANTONIO — USAA Real Estate Co. and Patrinely Group LLC are developing WestRidge at La Cantera, a four-building office campus in San Antonio. Each of the four Class A office properties will span 128,700 square feet. Construction is slated to begin on the first office building, WestRidge One, in the fourth quarter. The office campus has been designed to achieve LEED Silver certification. Crimson Services LLC, an affiliate of Patrinely Group, will oversee the leasing and property management of WestRidge One. Travis Commercial Real Estate is the local listing broker on the project.

May 14, 2013

Retail Texas

JLL SECURES $23M ACQUISITION FINANCING FOR WOODLANDS CROSSING

by admin May 14, 2013

THE WOODLANDS, TEXAS — Jones Lang LaSalle's Capital Markets team has arranged $23 million in acquisition financing for Woodlands Crossing, a 125,186-square-foot shopping center located in The Woodlands. Trader Joe's anchors the property, which is fully leased. The property is located at the southeast corner of Woodlands Parkway and Kuykendahl Road. Mike Yavinsky, Jimmy Board, Jon Goldstein and Wesley Boatwright arranged the acquisition financing through Metropolitan Life Insurance Co. on behalf of the borrower, Global Retail Investors LLC, which is managed by Bethesda, Md.-based First Washington Realty Inc.

May 14, 2013

Office Texas

BRADFORD BROKERS SALE OF TWO OFFICE BUILDINGS

by admin May 14, 2013

ADDISON, TEXAS — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of two single-story brick office buildings totaling 37,771 square feet in Addison. The properties are located at 14330 Midway Road at an intersection with Proton Drive. The buyer, newly formed commercial real estate firm Proton Partners LP, plans to lease and manage the office properties. Proton Partners will also occupy office space in the smaller office building. Greg McLane of Dallas-based Swearingen Realty Group LLC represented the buyer in the transaction. Leigh Richter of Bradford Commercial represented the seller, Maxim Integrated Products Inc.

May 14, 2013

Multifamily Texas

HENDRICKS-BERKADIA ARRANGES SAN ANTONIO APT. SALE

by admin May 13, 2013

SAN ANTONIO — Hendricks-Berkadia has brokered the sale of the 178-unit Coronado, an apartment community located at 9525 Lorene Lane in San Antonio. Will Caruth, Mike Miller and Chris Ross of Hendricks-Berkadia's San Antonio office negotiated the transaction. The seller was Miami-based LB-RPR | Asset Holdings LLC, and the buyer was a private investor based in Texas.

May 13, 2013

Industrial Texas

OFFICE/WAREHOUSE IN LEWISVILLE SELLS

by admin May 13, 2013

LEWISVILLE, TEXAS — Henry S. Miller Brokerage has secured the acquisition of an 84,140-square-foot industrial facility in Lewisville. The office/warehouse facility is located at 1725 Lakepointe Drive within the Lewisville Tech Center. The property has approximately 23,630 square feet of office space, 36,308 square feet of production space and approximately 26,202 square feet of warehouse space. The property previously housed the contents of the George Bush Library, and will now be home to the corporate operations of JADA Enterprise, the buyer. Dan Spika of Henry S. Miller Brokerage represented the buyer, and Michael Peinado of Lincoln Property Co. represented the seller, LPC GSA LLC.

May 13, 2013

Industrial Texas

FINIAL GROUP ARRANGES SALE OF HOUSTON INDUSTRIAL PROPERTY

by admin May 13, 2013

HOUSTON — The Finial Group has brokered the sale of a 20,000-square-foot industrial facility, located at 4627 N. Sam Houston Parkway E. in Houston, near the intersection of Beltway 8 and Vickery Road. Ross Thomas and Reed Vestal of Finial Group represented the buyer, Elbi of America Inc., in the transaction. Robert Anthony of Anthony CRE represented the seller, Elkins Industries Ltd.

May 13, 2013

Retail Texas

REALTY CAPITAL BROKERS LAND SALE FOR NEW MOVIE THEATER

by admin May 13, 2013

KELLER, TEXAS — Irving-based Realty Capital Management has arranged the sale of approximately nine acres of land in Keller to Moviehouse & Eatery, a dine-in theater concept. The parcel is located on Rufe Snow Drive just south of FM 1709. The approximately 42,000-square-foot theater will include eight upscale auditoriums, reserved seating in electric recliners and a full menu and bar. The new theater will be an addition to Keller Town Center. Construction is slated to begin in the summer and the theater is anticipating opening its doors in summer 2014. Mark Boone of Realty Capital Management represented the seller in the transaction. Debi Carter of Hudson Peters Commercial represented the buyer. Moviehouse & Eatery operates another location in Austin.

May 13, 2013

Retail Texas

FERRARI OF HOUSTON TO OPEN IN THE WOODLANDS

by admin May 13, 2013

THE WOODLANDS, TEXAS — The Woodlands Development Co. (TWDC), a subsidiary of The Howard Hughes Corp., has inked a 5,015-square-foot lease with Ferrari of Houston. The new satellite dealership will open in The Waterway Square District in The Woodlands, located at 1501 Lake Robbins Drive. Pat Moritz of Houston International Realty represented the tenant in the lease transaction. Rip Reynolds of The Howard Hughes Corp. represented TWDC.

May 13, 2013

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