Texas

UCR CLOSES ON SALE OF SEVEN RETAIL PROPERTIES

by admin January 11, 2013

DALLAS — Dallas-based UCR Investment Sales has arranged the sale of seven retail properties in Texas totaling 87,652 square feet. The properties include: The Shops at Carter Ranch located in Celina Roanoke Center located in Roanoke 7-Eleven located in Richardson North Main Street Center located in Fort Worth Lake June Commons located in Balch Springs O'Reilly Auto Parts and Cashmax located in Childress Hibbett Sports and Cashmax located in Athens Tommy Tucker of UCR Investment Sales represented the six different sellers in seven separate transactions.

January 11, 2013

AMERICAN COMMUNITIES BUYS CHAPARRAL CREEK

by admin January 11, 2013

IRVING, TEXAS — Dallas-based American Communities has acquired Chaparral Creek, a multifamily property with more than 500 units located at 3701 N. O'Connor Road in the Las Colinas neighborhood in Irving. Amenities include a newly renovated fitness center, community center, four swimming pools, covered parking and onsite laundry facilities. American Communities was founded in May 2012.

January 11, 2013

Retail Texas

MMCC ARRANGES $12.5M CMBS REFINANCE

by admin January 11, 2013

HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has secured a $12.5 million refinance for Westchase Shopping Center, located in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year loan to amortize over 30 years through a CMBS lender. The LTV on the loan is 75 percent.

January 11, 2013

Office Texas

QUADRANT, TUG HILL PURCHASES PARKSIDE CORPORATE CENTER

by admin January 10, 2013

ADDISON, TEXAS — A joint venture between Dallas-based Quadrant Investment Properties and Fort Worth-based Tug Hill Real Estate Partners has acquired Parkside Corporate Center, a 97,995-square-foot office property located in Addison. The acquisition was the first transaction between Quadrant and Tug Hill. Fletcher Cordell and Will Nelson of Transwestern will lease the project. Transwestern will also manage the project.

January 10, 2013

Office Texas

TRAVIS COMMERCIAL BROKERS OFFICE BUILDING SALE

by admin January 10, 2013

SAN ANTONIO — Travis Commercial Real Estate Services has arranged the sale of the two-story 5859 Farinon, a Class A, 96,000-square-foot office building located in University Park in San Antonio. The property was developed by Milam Real Estate Investors in 2008. The building is fully leased to two tenants. Travis Commercial, along with HFF, represented the seller in the transaction. The buyer, a subsidiary of New York City-based CapLease Inc., a public REIT, was self-represented. Stream Realty will manage the property on behalf of the new ownership.

January 10, 2013

Office Texas

M&M ARRANGES SALE OF DEVON PROFESSIONAL BUILDING

by admin January 10, 2013

HOUSTON — Marcus & Millichap has brokered the sale of Devon Professional Building, a 26,735-square-foot retail and office building located at 17300 El Camino Real in Houston. The list price for the property was approximately $2.56 million. Justin Miller of Marcus & Millichap's Houston office represented the seller, a local partnership, in the transaction. Eric Guerrero, Rahul Bijlani and Michael Yu, also of Marcus & Millichap's Houston office, secured and represented the buyer, a partnership.

January 10, 2013

Office Texas

CEDAR RIDGE OFFICE PARK IN SOUTHLAKE SELLS

by admin January 10, 2013

SOUTHLAKE, TEXAS — Transwestern's Dallas office has arranged the sale of the 129,333-square-foot Cedar Ridge Office Park, a two-building office complex located in Southlake. The property is fully leased to tenants such as American Specialty Health, Keller Williams and Regus. Transwestern represented the buyer, a private investor, in the transaction.

January 10, 2013

Multifamily Texas

SAN ANTONIO COMMERCIAL ADVISORS SECURES MULTIFAMILY SALE

by admin January 10, 2013

SAN ANTONIO — San Antonio Commercial Advisors, an independently owned and operated member of the Cushman & Wakefield Alliance, has brokered the sale of Portofino and Montage at North Point Apartments, a 480-unit, Class B apartment portfolio located in northwest San Antonio. The multifamily team of Brandon Lo Porto and Scott Weems of San Antonio Commercial Advisors represented the seller, a New York City-based financial institution, in the transaction. Lo Porto and Weems also procured the buyer, a California-based private investor.

January 10, 2013

Healthcare Texas

STAN JOHNSON BROKERS $30.64M SALE OF REHAB HOSPITAL

by admin January 9, 2013

AUSTIN, TEXAS — Stan Johnson Co. has arranged the $30.64 million sale of a new 66,095-square-foot, 60-bed rehabilitation hospital located in Austin. The hospital sits near St. David's South Austin Medical Center, South Austin Cardiac Rehab, Austin Regional Clinic and Texas Oncology South Austin. The hospital is fully leased to Reliant Hospital Partners. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co. represented the seller, a Dallas-based developer. The buyer was an institutional entity.

January 9, 2013

Industrial Texas

IDI, IIT TO DEVELOP VALLEY PARKWAY DISTRIBUTION CENTER

by admin January 9, 2013

LEWISVILLE, TEXAS — IDI has closed a 50/50 joint venture with IIT for the development of Valley Parkway Distribution Center, a 529,155-square-foot cross-dock industrial property located in Lewisville. The property will be located in the Dallas-Fort Worth International Airport submarket. Construction is slated for an August 2013 completion.

January 9, 2013

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