HOUSTON — Houston-based ITW Global Brands has opened its new $1 million, 11,000-square-foot Technology Center, a research and development facility located in Houston. The property is being used for product development, testing, evaluation and differentiation. A collection of 10 engineers and scientists staff the property.
HALTOM CITY — Hayman Woods LLC has acquired the 398-unit Bellagio at Beach Street, a multifamily community located at 4200 Northern Cross Blvd. in Haltom City. Haymoon Woods used $20.5 million in Fannie Mae financing to complete the acquisition. The amenities include two resort-style swimming pools, poolside fireplace and barbecue areas, a fitness center, business center, car wash and a 24-hour laundry facility.
ALLEN — San Antonio-based Taco Cabana has opened a new location at 810 W. Stacy Road in Allen. Sprinkle & Co. Architects handled the restaurant's redesign. There are currently more than 156 Taco Cabanas operating in three states.
HOUSTON — Marcus & Millichap has arranged the sale of a 2,520-square-foot retail property net-leased to Whataburger, located at 17234 NW Freeway in Houston. Whataburger has operated the site, which is an outparcel of the 200,000-square-foot Northwest Village, for 24 years. Vincent Knipp of Marcus & Millichap's Fort Worth office represented the seller, a Colorado-based limited liability company, in the transaction. The buyer was a California-based partnership.
SAN ANTONIO — Regal Entertainment Group will open Huebner Oaks Stadium 14, a movie theater located in San Antonio. The new theater will feature 3D movies; stadium seating; high-back headrests; capabilities for the deaf, hard of hearing, blind and low-vision patrons; concession stand and Regal Premium Experience (RPX) technology. Additionally, the theater can hold 2,700 moviegoers. The theater brings Regal's total portfolio of theaters to 519 operating in 37 states and Washington, D.C.
WACO — Wells Asset Management has brokered the sale of the 224-unit Lakeshore North Apartments, located at 1600 Lakeshore Drive in Waco. The property is currently 94 percent occupied and features a clubhouse, resort-style pool and tennis courts. Mike Wells and Bobby Lankford of Wells Asset Management represented the seller in the transaction.
HOUSTON — Moody Rambin has arranged the sale of three industrial properties totaling 51,462 square feet, located at 15403, 15413 and 15423 Vantage Parkway in the Vantage Parkway Business Park in Houston. Rob Chandler of Moody Rambin represented the seller, LSREF2 Nova Investments, in the transaction. East Vantage Parkway was the buyer.
DALLAS — Marcus & Millichap has arranged the sale of Lemmon Avenue Retail, a 7,158-square-foot retail center located at 5006, 5014 and 5016-18 Lemmon Ave. in Dallas. Jason Vitorino of Marcus & Millichap's Dallas office represented the seller, a limited liability company, in the transaction, and procured the buyer, a Texas-based partnership. Cash America had less than one year remaining on its lease term at the time of the sale.
SAN ANTONIO — San Antonio Head & Neck Surgical Associates has purchased a 2.5-acre site at Brooks City-Base in San Antonio and plans to develop a 20,000-square-foot medical office on the property. Russell Noll and Scott Wolff of Transwestern represented the seller, Brooks City-Base, in the transaction. Jeffrey Miller of Travis Commercial Real Estate represented the buyer.
TEXAS — Aviv REIT has purchased 15 skilled nursing facilities in Texas leased to Daybreak Ventures for $72.7 million. The triple-net lease has a 12-year term. The transaction was financed with cash on hand, Aviv's lines of credit and assumed debt.
