Texas

HFF ARRANGES $120M FINANCING FOR GRANITE PARK IN METRO DALLAS

by admin July 2, 2013

PLANO, TEXAS — HFF has secured $120 million in financing for Granite Park I, II and III, three office towers in the mixed-use Granite Park development in Plano. The development is located at the intersection of Dallas North Tollway and State Highway 121. The three office buildings are 95 percent leased and total 873,636 square feet. Trey Morsbach, Jim Curtin, Michael Cosby and Michael George of HFF arranged the 10-year, fixed-rate loan loan through MetLife Real Estate Investors on behalf of the borrower, Granite Properties Inc. Funds from the loan were used to refinance an existing loan.

July 2, 2013

CENTERPOINT PROPERTIES BUYS INDUSTRIAL PORTFOLIO FOR $42.6M

by admin July 2, 2013

HOUSTON — CenterPoint Properties has purchased a 1 million-square-foot, six-building industrial portfolio in Houston for $42.6 million. Exel Logistics fully occupies all six facilities, which are rail-served and located within 25 miles of the Port of Houston. The properties are situated on a 42.8-acre lot located near interstates 10 and 610. Trent Agnew and Rusty Tamlyn of HFF represented the seller, TA Associates, in the transaction.

July 2, 2013

Healthcare Texas

FAIRFIELD ADVISORS ARRANGES $13.3M SALE OF MEDICAL OFFICE

by admin July 2, 2013

HOUSTON — Denver-based Fairfield Advisors has brokered the $13.3 million sale of the Memorial Herman Convenient Care Medical Office Building in Houston. The 30,000-square-foot medical office building is located at 14201 E. Sam Houston Parkway N. Memorial Herman, the largest not-for-profit health system in Texas, is the sole occupant of the property, which is an outpatient facility that includes a 24-hour emergency room. Greg Trainor of Fairfield Advisors represented the seller in the all-cash transaction.

July 2, 2013

Retail Texas

QUANTUM BROKERS $3.5M SALE OF SHOPPING CENTER

by admin July 2, 2013

SAN MARCOS, TEXAS — Quantum Real Estate Advisors Inc. has arranged the approximately $3.5 million sale of an 8,250-square-foot shopping center in San Marcos. The shopping center is fully leased to tenants including Five Guys Burgers and Fries, Best Buy Mobile and Sprint. Jordan Kaufman of Quantum represented the buyer, an Illinois-based private investment group, in the transaction. The seller is a Houston-based development company.

July 2, 2013

Healthcare Texas

DUKE REALTY DEVELOPS TWO OUTPATIENT CLINICS IN TEXAS

by admin July 1, 2013

TEMPLE AND WACO, TEXAS — Construction is underway on two Duke Realty-developed, Scott & White Healthcare medical facilities in Temple and Waco. The first property, a 77,000-square-foot, three-story outpatient orthopedic clinic, is located at 2401 S. 31st St. in Temple. The second property, a 37,000-square-foot, two-story cancer center, is located next to Hillcrest Baptist Medical Center at Interstate 35 and Hillcrest Medical drive in Waco. Both the Temple and Waco facilities are owned by Duke Realty Limited Partnership. Scott & White will manage the facilities. Jacobs Engineering Group Inc. will be the architect and MEDCO Construction will act as general contractor for the orthopedic clinic. HDR will be the architect and JE Dunn will act as general contractor for the cancer center. The orthopedic center will be completed in October and the cancer center in November.

July 1, 2013

Retail Texas

M&M ARRANGES SALE OF KINGSVILLE PLAZA

by admin July 1, 2013

KINGSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Kingsville Plaza, a 21,250-square-foot retail property, located at 2730 S. Brahma Blvd. in Kingsville. The property is an outparcel of Walmart and includes tenants such as Cato and The Shoe Department. Chad Knibbe, Bethany Babcock, Preet Sabharwal and Britt Raymond of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was a Texas-based investor.

July 1, 2013

Industrial Texas

DYNAMEX SIGNS TWO LEASES IN CARROLLTON

by admin July 1, 2013

CARROLLTON, TEXAS — Dynamex has signed two leases for industrial space in Carrollton totaling 89,786 square feet. The transportation services company signed a 31,098-square-foot lease at 1505 Wallace St., Suite 122, and a 58,688-square-foot lease at Luna IV, located at 2244 Luna Road, Suite 120. J. Scot More of Holt Lunsford Commercial represented the landlord, CIR-III REIT, in the Wallace Street lease. Carter Crow of Billingsley Co. represented the landlord, CB Luna Industrial No. 1, in the Luna IV transaction. Ward Richmond, Chris Teesdale and Tom Pearson of Colliers International represented the tenant in both deals.

July 1, 2013

Retail Texas

RPAI SIGNS LULULEMON ATHLETICA TO TWO NEW LEASES

by admin July 1, 2013

SOUTHLAKE AND PLANO, TEXAS — Retail Properties of America Inc. (RPAI) has entered into two lease agreements with Lululemon Athletica Inc. at Southlake Town Square in Southlake and The Shops at Legacy in Plano. The yoga-inspired apparel retailer will occupy 3,243 square feet at Town Square and 3,180 square feet at Legacy. RPAI has signed and renewed small shop leases totaling 114,680 square feet at Town Square and 76,909 square feet at Legacy in the last 12 months.

July 1, 2013

Market Reports Texas Texas Market Reports

San Antonio Retail Fundamentals Rooted in Housing Growth, Spending

by admin July 1, 2013

The top 10 fastest growing subdivisions in San Antonio had a combined 1,832 housing starts in fourth quarter 2012, according to a recent report from housing-market research firm Metrostudy. And that number is already up with 2,042 new home starts in first quarter 2013, a 24.3 percent increase over the same time period last year. So far, builders are on track to build 8,478 homes this year, as major markets in Texas continues to outperform the nation. Alamo Ranch is the bright star in the bunch. Statistics solidly place this northwest subdivision in the top spot of San Antonio’s fastest growing subdivisions with 649 new housing starts in fourth quarter 2012. Bulverde Village, in second place, saw 169 new home starts during the same time. April single-family home sales rose 14 percent over last year and 4.5 percent from last month, according to the San Antonio Board of Realtors. In keeping with the boost in housing, retail is showing solid, if slow, growth. San Antonio retail occupancy rates increased for the fourth consecutive quarter, reaching 94.5 percent in first quarter 2013. And while rental rates remain fairly flat, according to research from Delta Associates, the second half of 2013 is …

July 1, 2013

Office Texas

CONSTRUCTION UNDERWAY ON CORPORATE OFFICE FOR WALLIS STATE BANK

by admin June 28, 2013

HOUSTON — Construction has begun on Wallis State Bank’s new corporate headquarters, a 67,000-square-foot, Class A office building located on Kempwood Drive and Beltway 8 in Houston. Arch-Con Construction is the general contractor for the property, and Powers Brown Architects is providing design services. Wallis’ headquarters will occupy 25,000 square feet and customer banking will occupy 4,500 square feet. The remaining space will be available for lease.

June 28, 2013

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