HOUSTON — CyrusOne has plans to add a 120,000-square-foot data center at its Houston West location, bringing the three-center property to a total of 300,000 square feet. The data center, which will provide 24 mW of power, is slated for a first quarter 2013 completion. The facility is being built to achieve LEED Platinum certification.
DENTON — Dallas-based PMFG has begun construction on its new 80,000-square-foot manufacturing facility, located in Denton. CBRE Group represented PMFG in its acquisition of the 33-acre site. The facility is slated to employ approximately 150 people upon completion.
IRVING — Panther Transaction Group, in a partnership with a Dallas-based multifamily investor, has purchased the 256-unit Westgate Apartments, located at 3829 William DeHaes Drive in Irving. The partnership has plans to make interior renovations exceeding $500,000. The community is 94 percent occupied. Transwestern represented both the buyer and seller in the transaction.
FORT WORTH — Marcus & Millichap has arranged the sale of the 316-unit Havenwood, a multifamily community located at 6500 Melwood St. in Fort Worth. The community features two swimming pools, a fitness center, tennis and racquetball courts, security systems and washer/dryer connections. The property is 94 percent occupied. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a Dallas-based investor, in the transaction and represented the buyer, an out-of-state partnership. Marcus & Millichap Capital Corp. arranged a 10-year loan through Fannie Mae for the acquisition on behalf of the buyer.
DALLAS — Houston-based AmREIT Inc. has taken a $14 million loan for its Uptown Plaza Dallas property, a 34,250-square-foot retail center located at 222 McKinney Ave. in Dallas. The property is fully leased to tenants including Morton's Steakhouse, Salon 2222, Aqua Medical Spa, The CupCakery, Wells Fargo, The Texas Rangers, Pei-Wei, Potbelly, Smashburger and Verizon Wireless. AmREIT's existing $10.4 million loan was refinanced with a 10-year loan with a 30-year amortization schedule. HFF arranged the loan through the Life Insurance Co. of the Southwest, an affiliate of Sentinel Investments.
HOUSTON — HFF has arranged the sale of a four-property industrial portfolio located in Houston, which totals approximately 935,937 square feet. The properties include the six-building, 205,812-square-foot Astro Business Park, which is 93 percent leased and located at 8825-9087 Knight Road; the two-building, 225,475-square-foot Griggs 1 and 2, which is 91 percent leased and located at 5990-6018 Griggs Road; the four-building, 298,081-square-foot McCarty Business Park, which is fully leased and located at 245-279 McCarty Trail; and the four-building, 206,569-square-foot Westpark 1-4, which is 88 percent leased and located at 8710-8798 Westpark Drive. Rusty Tamlyn and Trent Agnew of HFF's Houston office, along with Randy Baird, Jud Clements and Robby Rieke of HFF's Dallas office, represented the sellers, Dallas-based Cobalt Capital Partners, in the sale. The buyer was San Francisco-based Stockbridge Capital Group.
DALLAS — Victory Park UST Joint Venture I (VPUST), has sold The Vista, a six-story, 129-unit apartment community located at 2345 N. Houston St. in Victory Park in Dallas. The amenities include underground parking, views of downtown Dallas, a rooftop infinity pool and an athletic center. The buyer was Vista Dallas Apartment Co., which is owned by institutional investors advised by J.P. Morgan Asset Management. VPUST is the property of Orlando, Fla.-based UST XVI Victory Park. Bill Miller and Roberto Casas of HFF's Dallas office represented the seller in the transaction. Gary Ross, also of HFF's Dallas office, represented J.P. Morgan. The Vista is currently 98 percent occupied.
RICHMOND — Westwood Financial Corp. has purchased the 123,000-square-foot Waterside Marketplace, a Kroger-anchored retail center located at 8011 Grand Parkway in Richmond. The center is 93.8 percent leased to tenants such as Wells Fargo Bank, Great Clips, State Farm, H&R Block, Kumon Learning and II Primo Wings. George Cushing of Jones Lang LaSalle represented the seller, Regency Centers, in the transaction.
CARROLLTON — Hudson Peters Commercial has arranged the sale of a 150,000-square-foot industrial property, located at 1235 W. Trinity Mills Road in Carrollton. Michelle Hudson of Hudson Peters Commercial represented the buyer, Earl Owen Co., in the transaction. Noel Hutcheson of Colliers International represented the seller, Acquiport DFWIP Inc.
NORTH RICHLAND HILLS — Marcus & Millichap has brokered the sale of the 20-unit La Sierra, an apartment community located at 7102 Glenview Drive in North Richland Hills. The community includes a courtyard and swimming pool. Robert Denninger, Nick Fluellen and Brad Hoover of Marcus & Millichap's Dallas office represented the seller and buyer, both limited liability companies, in the transaction.