HOUSTON — UCR Investment Sales has arranged the sale of The Shops at Copper Crossing, a 19,949-square-foot REO shopping center located at FM 529 and Highway 6 in west Houston. The property is shadow-anchored by a Hobby Lobby and Walmart Supercenter. Cooper Crossing is fully leased to tenants such as Payless Shoes, Ace Cash Express, Cricket Wireless and Home Smart. Tommy Tucker of UCR represented the seller in the transaction.
KATY — Myers Crow & Saviers has begun development of the 135,716-square-foot Mason Creek Office Center, a new two-story office building located at 21420 Merchants Way in Katy. The new office building will be part of the 110-acre Mason Creek Corporate Park. Mood Rambin has been retained as the property's leasing agent. The property is slated for a May 2013 completion.
HOUSTON — Arch-Con Construction has commenced construction on the 23,500-square-foot Museum Point Professional Building, a Class A medical office building with a retail component located at 1401 Binz St. in Houston's Museum District. The ground floor will be designated for retail and healthcare tenants such as the Dermatological Association of Texas and The Center for Clinical Studies will occupy the second floor. Dermedica Property Group is the project's developer.
AUSTIN — Austin-based Hatch + Ulland Owen Architects has designed Acton Academy's new 15,600-square-foot campus, which has broken ground at 2201 Alexander Ave. in east Austin. Phase I of the new campus will have elementary, middle and high school facilities for the blended school. The new school is slated for an August 2013 opening.
GARLAND — Marcus & Millichap has arranged the sale of a 6,500-square-foot El Chico Cafe, located at 1902 Eastgate Drive in Garland. Jason Vitorino and Nicholas Farris of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction. Vitorino and Farris also represented the buyer, a local private investor.
DALLAS — NorthMarq Capital has secured $2 million in first mortgage financing for the 41,000-square-foot Harry Empire Ltd. building, an office/warehouse/restaurant property located at Harry Hines Boulevard and Empire Central in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the 25-year loan with a 25-year amortization schedule through a life insurance company lender.
HOUSTON — The Hanover Company has purchased a 1.2-acre site on Post Oak Lane in BLVD Place, a new mixed-use development located in Houston's Galleria/Uptown district, that will house a 29-story high-rise apartment tower known as Hanover Post Oak. The upscale community will contain 355 apartment units designed by Chicago-based Solomon Cordwell Buenz. The community will feature a clubhouse on the eighth floor with WiFi, a movie theater, fitness center, catering kitchen and private function room. The community will also feature a swimming pool with sunning shelf, private cabanas, an outdoor fire pit, outdoor kitchens and outdoor living rooms. Hanover was self-represented in the land acquisition by John Garibaldi. The seller, Wulfe & Co., was self-represented by Bob Sellingsloh. Construction is slated to begin in the first quarter of 2013 and will open by the third quarter of 2014.
HOUSTON — Houston-based National Property Holdings (NPH) has been selected to construct and lease a seven-acre facility for Waste Connections of Texas' new south Houston facility, located near FM 521 and Beltway 8 South. The facility will serve as Waste Connections' south Houston customer service and fleet maintenance center. Powers Brown Architecture is designing the facility and Arch-Con Corp. is the general contractor. Clay Pritchett of NAI Houston represented the landlord and tenant in the lease transaction.
AUSTIN — The 48-unit Fairfield Village Apartments, located in Austin, has sold. Ellen Muskin and Daniel Elam of Muskin Commercial represented the seller, a trust based in Santa Rosa, Calif., in the transaction. Renee Manes of Lifestyles Unlimited represented the buyer, a local investor. Financing was provided by Old Capital Lending and the property will be managed by Arbor Property Management.
PORT ARTHUR — NAI Wheeler has brokered the sale of a 86,680-square-foot retail property once leased to Sutherlands, located at the intersection of Highway 69 and Highway 365 in Port Arthur. Lee Wheeler of NAI Wheeler represented the seller, Sutherlands, in the transaction. The buyer, a developer, plans to convert the location into a multi-tenanted retail site.
