DALLAS — Newmark Grubb Knight Frank has leased 14,000 square feet of office space at the 173,000-square-foot Chateau Plaza, an office building located at 2515 McKinney Ave. in uptown Dallas. Sarah Erickson and Tommy Nelson of Stream Realty represented the landlord, JPMorgan, in the lease transaction. Newmark Grubb Knight Frank was self-represented by Seth Weinstein.
SAN ANTONIO — A partnership between Dallas-based MedProperties Holdings and Dallas-based Suntex Development, the development arm of Suntex Ventures LLC, has made an equity investment for the development of a 60-unit, 56,313-square-foot assisted living/memory care facility, located at the intersection of Lakeside Parkway and Cable Ranch Road in San Antonio. The facility will house 42 assisted living units and 18 memory care units. Austin-based TRISUN Healthcare will operate the facility, which will be designed by Austin-based DFD Architects and constructed by San Antonio-based Metropolitan Contracting Co. The unnamed facility is slated for a summer 2013 completion.
DALLAS — Construction has begun on the 276-unit 4110 Fairmount, an upscale multifamily community located in the Oak Lawn/Uptown submarket of Dallas, an infill area near the intersection of Maple and Oak Lawn avenues. The development plans include the demolition of 1960s-era housing on Throckmorton Street. The community will be a four-story residential building wrapped around a five-story parking garage and will include 23 three-story townhomes with attached two-car garages. Amenities will include a cyber cafe, business center, fitness center, virtual game room, two luxury swimming pools, and a dog-amenity station. Trammell Crow Residential is partnering with Behringer Harvard to develop the community, and an affiliate of Trammell Crow will serve as the general contractor.
CEDAR PARK — ARA has brokered the sale of the 416-unit Middle Brook Gardens, a multifamily community located at 335 Cypress Creek Road in Cedar Park. The community's amenities include two resort-style swimming pools, heated spa, fitness center, playground, sand volleyball court and a pond. The property is 97 percent occupied. Patton Jones of ARA's Austin office represented the seller, Baltimore-based Alex Brown Realty Inc., in the transaction. Newton, Mass.-based Northland Investment Corp. was the buyer.
TEMPLE — Dragon Realty LLC has purchased a 9,786-square-foot freestanding restaurant building, located at 2113 SW HK Dodgen Loop in Temple. Tom Paredes and Taylor Roberts of the John T. Evans Co. represented the seller, Golden Corral, in the transaction.
ARLINGTON — HFF has secured nearly $16 million in financing for Sunset Point and Springmist Apartment Homes, two multifamily communities totaling 408 units. Sunset Point and Springmist are located at 2015 and 2004 Randy Snow Road in Arlington, close to the Dallas Fort Worth International Airport. The properties are 97 percent occupied. John Brownlee of HFF arranged the 10-year loan through Freddie Mac on behalf of the borrower, Pure Multi-Family REIT. Loan proceeds were used to acquire the properties.
AUSTIN — ARA has brokered the sale of the 608-unit Preserve at Travis Creek, a multifamily community located at 5800 SW Parkway in Austin. Amenities of the community include two resort-style swimming pools, a fully-equipped fitness center, aerobic studio, barbecue grills and a biking trail. The property is currently 96 percent occupied. Patton Jones of ARA's Austin office represented the seller, Dallas-based Invesco Real Estate, in the transaction. The buyer was Chicago-based Heitman. Preserve at Travis Creek is the largest multifamily property to have traded in Austin year to date.
FRISCO, DALLAS AND WEATHERFORD — UCR Investment Sales has secured the sale of three retail properties in the Dallas/Fort Worth area totaling 20,441 square feet. The properties include the 10,227-square-foot Teel Village, a shopping center located in Frisco that is fully leased to Dunkin Donuts, Subway, RE/Max, Alpha Primary Healthcare and Dr. Oved. The second property is a new retail center in Dallas fully leased to Starbucks and Chipotle Mexican Grill. The last property is an On the Border ground lease in Weatherford. The property is an outparcel of the 271,829-square-foot Weatherford Marketplace. Tommy Tucker of UCR represented the sellers in each transaction.
DALLAS — Dallas-based Bradford Commercial Real Estate Services has brokered the sale of an 8,964-square-foot gas station and a 1,270-square-foot car wash, located at 18120 Coit Road in north Dallas. Leigh Richter of Bradford Commercial represented the seller, Illinois Mutual Life Insurance Co. Holdings LLC, in the transaction. The buyer was a local private investor represented by an independent, Dallas-based broker.
TYLER — A 58,000-square-foot Super 1 Foods store is set to break ground on East Gentry Parkway in Tyler. NFL Hall of Famer and Heisman Trophy winner Earl Campbell will be present at the groundbreaking ceremony to help market his meat products line, Earl Campbell Meat Products. Brookshire Grocery Co. is the parent company of the Super 1 Foods brand in Texas, Louisiana and Arkansas.
