VICTORIA, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA), a financial intermediary, has arranged a fixed-rate mortgage of $5.7 million for Whispering Creek Retail Center in Victoria. The 60,049-square-foot center is located on North Navarro Street and its tenants include Beef O'Brady's, Twin Liquors, Al's Formal Wear and Marble Slab Creamery. The center is currently 81 percent occupied. Scott Lynn of MCA arranged the five-year loan through Viewpoint Bank. The loan provides the borrower with an earnout feature as new tenants take occupancy.
DALLAS — KPMG LLP, a tax and advisory firm, has signed a long-term lease with Hall Financial Group to be the anchor tenant of the 16-story Hall Arts building. The 450,000-square-foot mixed-use building will be located at 2323 Ross Ave. in the Dallas Arts District. KPMG will be leasing more than one-third of the building. Construction on the Hall Arts building is scheduled to start in September and wrap up in March 2015. The new office will house 1,300 KPMG employees. Carl Ewert and Stephen Holley of Jones Lang LaSalle represented KPMG in the transaction. Hall Financial Group was self-represented by Kim Vincent Butler. The Hall Arts design team includes architect Eddie Abeyta of HKS Inc. and general contractor Turner Construction.
HOUSTON — Exxon Mobil Corp. has appointed HFF as the advisor in the sale of the ExxonMobil Chemical Co. Headquarters campus in Houston's Energy Corridor. The 352,170-square-foot campus is located on a 35-acre lot at 13501 Katy Freeway and features 1,000 feet of frontage on I-10 and 800 feet of frontage on Memorial Drive. Robert Williamson and Davis Adams of HFF are representing ExxonMobil Chemical Co. Wally Reid and Colby Mueck of HFF will lead the debt placement team. ExxonMobil Chemical Co. is a division of Exxon Mobil Corp.
SAN ANTONIO — The LaSalle Group plans to build the $10.7 million Autumn Leaves of Stone Oak, a memory care community located at 20272 Stone Oak Parkway in San Antonio. The 30,000-square-foot community is The LaSalle Group's first memory care community in San Antonio and will care for approximately 50 residents. The project is the result of a partnership between The LaSalle Group, Frost Bank and Dallas-based MedProperties Investment Partners LP. The property is expected to open in the spring of 2014.
HOUSTON — Plano-based Service Realty Inc., the largest sacred real estate brokerage firm in the U.S., has arranged the sale of a 59,560-square-foot church building, located at 8623 Hemlock Hill Drive in Houston. The church building can currently seat 2,200 people. Beverly O'Neal of Service Realty represented the seller in the transaction. The buyer was Houston-based Christ Embassy International. Service Realty has completed more than 450 transactions in Texas.
DALLAS — Stream Realty Partners has arranged a lease renewal, including an expansion and extension, at Lakeside Tower, a 200,000-square-foot office in Richardson, a suburb of Dallas. The eight-story office building is 98 percent occupied and is located at 2350 Lakeside Blvd. in Richardson. Texas Capital Bank will occupy 170,000 square feet at Lakeside Tower, an increase of 50,000 square feet. Tommy Nelson and Jeff Schweitzer of Stream Realty Partners represented the landlord, TriGate Capital, in the lease renewal and expansion. Terry Quinn and Eddie Tillman of Cresa Dallas provided tenant representation for Texas Capital Bank.
THE WOODLANDS, TEXAS — The Woodlands Development Co. has inked a 8,494-square-foot lease with Kona Grill at 3 Waterway Square in The Woodlands. The Class A building is an 11-story, 234,000-square-foot office property located at the corner of Lake Robbins and Woodloch Forest drives in the Waterway Square District of The Woodlands Town Center. Construction of Kona Grill will begin after the completion of 3 Waterway Square, which is slated for this summer. Boston-based Elkus Manfredi designed the property. Debbie Adams of EDGE Realty Partners represented Kona Grill in the lease transaction. The Woodlands Development Co. was self-represented by Rip Reynolds of The Howard Hughes Corp. The site will be Kona Grill's second Houston-area location.
MISSOURI CITY, TEXAS — The Kalikow Group, on behalf of KEP Hampton ALF LLC, has appointed Grand Lux Senior Living as the manager of the new Oyster Creek Manor in Missouri City. The property is located at Hampton Drive and Murphy Road and features a memory care unit. The facility will also include a 24-hour healthcare staff, restaurant, social activity centers, walking trails, activity stations and a beauty salon.
AUSTIN, TEXAS — Behringer Harvard Multifamily REIT I Inc. has provided equity capital for the construction of the 24-story Seven RIO, a 220-unit luxury high-rise development in the West Sixth Street District in downtown Austin. The multifamily tower will be located on the northeast corner of West Seventh Street and Rio Grande. CWS Capital Partners LLC, a real estate investment firm with co-headquarters in Austin and Newport Beach, Calif., will develop Seven RIO, which is slated to break ground this month. The new development's amenity package will include a resort-style pool, upscale fitness center, business center, club room and patio area with a fireplace and built-in grills. Behringer Harvard Multifamily REIT I Inc.'s portfolio includes investments in 52 multifamily communities in 14 states.
DALLAS — HEI Hotels & Resorts has acquired the 170-room Stoneleigh Hotel, a historic landmark hotel in uptown Dallas. The hotel opened in 1923 and will now be rebranded as a Le Meridien hotel. The hotel underwent a $36 million renovation in 2008, but HEI plans to update the hotel further with updated furniture in the lobby bar area and the addition of a courtyard garden area.