DICKINSON, TEXAS — Marcus & Millichap has arranged the sale of the 16,524-square-foot Bay Colony Center I, a shopping center located at 660 FM 517 W. The shopping center had a list price of $2.8 million. Justin Miller of Marcus & Millichap's Houston office represented the seller, a Houston-based developer, in the transaction. The buyer, a private investor from California, purchased the shopping center in a 1031 exchange.
DALLAS — Dallas-based Harwood International has inked a lease for 15,068 square feet of office space with Accudyne Industries at 2728 N. Harwood in Uptown Dallas, which brings the office building to full occupancy. The property spans 10 stories and features the Marie Gabrielle Restaurant and Gardens, a fitness center and 1.5-acre rooftop garden. The Windsor Locks, Conn.-based Accudyne Industries is moving its corporate headquarters to the new location. Harwood International was self-represented by Jihane Boury in the lease deal. Michael Swaldi, Larry McCorkle and Jeff Staubach of Jones Lang LaSalle represented the tenant, along with Kevin McGlinchey of Accudyne Industries.
AUSTIN, TEXAS — Waller, a law firm servicing the healthcare industry based in Nashville, Tenn., has signed a 10,799-square-foot lease for office space on the top floor of 100 Congress in downtown Austin. The 22-story, Class A office tower is located on the corner of Second Street and Congress Avenue. The law firm is led by partners Elizabeth Rogers and Fletcher Brown, as well as Amanda Jester, who joined the practice today. Will Douglas and Jerry Frey of CBRE Austin represented the tenant in the lease transaction. Troy Holme and Katie Ekstrom of CBRE Austin represented the landlord, New York City-based Metropolitan Life Co. Waller is working with STG Design's Austin office to renovate the space.
DALLAS — The Regency Plaza, a 165,843-square-foot office building in Uptown Dallas, has earned LEED Silver certification from the U.S. Green Building Council. The property is Gaedeke Group LLC's headquarters building and is located at 3710 Rawlins St. The team responsible for the LEED certification included Dan Yates and Blaine Morris of Gaedeke Group and Frisco-based Quest Sustainability Solutions.
HOUSTON — Piedmont Office Realty Trust has sold 1200 Enclave Parkway, a 149,683-square-foot office building in Houston, for $48.75 million, or $326 per square foot. The Griffin Capital Corp. purchased the property on behalf of Griffin Capital Essential Asset REIT Inc. The Class A property is fully leased to Schlumberger Technology Corp., a subsidiary of Schlumberger Limited. Jeff Hollinden and Robert Williamson of HFF, along with Piedmont's Karen Purdy, represented the seller in the transaction. The buyer was self-represented.
ODESSA, TEXAS — The Belaire Group, a Dallas-based senior living consultant, has completed construction oversight of Orchard Park of Odessa, an assisted living and memory care facility located in Odessa. The $11 million, 65,000-square-foot project features 57 assisted living units and 40 memory care units. The property is located at 8050 Dr. Emmet Headlee St. The facility has received its certificate of occupancy and is awaiting final inspection from the Texas Department of Aging and Disability Services. The owner and developer, McFarlin Group, funded the development with both capital from the U.S. Department of Housing and Urban Development and private equity. Meridian Senior Living will manage the new facility.
HOUSTON — Marcus & Millichap has arranged the sale of a 11,740-square-foot shopping center, located at 1000 W. Gray St. in Houston. The property is situated on a 22,080-square-foot corner parcel at Montrose Boulevard and West Gray Street. Derek Hargrove and Justin Miller of Marcus & Millichap's Houston office represented the seller, a family trust, in the transaction. The buyer, Braun Enterprises, is rehabilitating the property to enhance its curb appeal, provide better visibility and increase parking.
LUFKIN, TEXAS — Tulsa, Okla.-based AmeriBid LLC has plans to auction off a 13,172-square-foot warehouse with frontage along U.S. Highway 69 in Lufkin. The bank-ordered auction will take place on-site at 3630 E. Denman Road on May 28. The property was built in 2006 as a gymnasium but was converted in 2008 to a nightclub with multiple bars, a wood dance floor and office space. The steel-frame building features 25-foot ceiling heights and has central air and heat.
DALLAS — Frost Bank, a Texas-based banking, investments and insurance firm, has signed a lease for 57,558 square feet at 2950 North Harwood, a 168,000-square-foot office building under development in Uptown Dallas. The lease features office space on four floors and a 4,914-square-foot retail bank branch with two drive-thru lanes on the ground floor. The new office will serve as Frost Bank's regional headquarters and will consolidate several Dallas offices and approximately 175 employees. Bob Edge and Mike Gosslee of Cushman & Wakefield of Texas Inc. represented Frost Bank in the lease transaction. The property is slated for November 2014 completion. Harwood International is the building's developer, and Jihane Boury of Harwood is in charge of leasing the remainder of the property.
FRISCO, TEXAS — Hall Financial Group has broken ground on the 16th office building in the Hall Office Park in Frisco. The new 200,000-square-foot, eight-story office building will be located at 3001 Dallas Parkway. The new site has frontage on the Dallas North Tollway/Dallas Parkway. The new office building is slated for a mid-2014 completion. The building will feature a two-story atrium lobby with high-end finishes and artwork from The Hall Collection. The project team includes designer HKS Inc., general contractor Turner Construction and lender JPMorgan Chase.