HOUSTON — Houston-based Read King Commercial Real Estate has begun to develop a 40,443-square-foot Whole Foods Market. The store, which will be located at Louetta and Cutten roads in north Houston, will be the area's first Whole Foods store. The grocery chain will anchor the first phase of Vintage Marketplace, an 18-acre development within The Vintage, a 630-acre mixed-use development. Gensler Architects will design the new store, in addition to its 31,000 square feet of small shop space, and Arch-Con Corp. will serve as the project's general contractor. Read King was self-represented by Tony Patronella and Christie Amezquita in the land transaction. Read King worked directly with the seller, LCSE Limited Partnership. Amezquita also represented the landlord in the lease transaction with Whole Foods. Jeff Hayes and Tal McIver of New Quest Properties represented Whole Foods.
Texas
DALLAS — Digital Realty Trust Inc. has purchased a 61,750-square-foot data center in Dallas for $8.5 million. The facility is leased on a long-term basis. The data center is located about 3.5 miles from Digital Realty's Digital Dallas Datacenter Campus.
FORT WORTH, TEXAS — The Marquette Cos., based in Naperville, Ill., has purchased the 314-unit Verandas at Cityview, a multifamily community located at 7301 Oakmont Blvd. in Fort Worth. The gated community features a swimming pool, fitness center, business center and TV lounge. Marquette plans to add a dog park, update the main entry, add new equipment for the coffee bar and renovate the office and clubhouse. The property is Marquette's fourth Texas property and second in the Dallas/Fort Worth area.
DALLAS — New York-based Rockwood Real Estate Advisors has arranged the sale of The Park on Whitehurst, a 232-unit apartment community located in Dallas. Jordan Cortez of Rockwood's Dallas office led the Rockwood team in representing the seller. The Commons at Cliff Creek Ltd. purchased the property.
CARROLLTON, TEXAS — Lee & Associates has arranged a 91,000-square-foot industrial lease at 2425 Carter Drive in Carrollton. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, Cobalt Capital Partners, in the transaction. Jim Svidron of NAI Robert Lynn represented the tenant, Store Resource.
BRYAN, TEXAS — Dallas-based Weis Builders has completed the $28 million redevelopment project for Crestview, a 242,000-square-foot seniors housing property in Bryan. Crestview was originally an independent living community but is now considered a continuing care retirement community, which provides independent living, assisted living, memory care and skilled nursing services. The community includes several dining options, libraries, sitting rooms, beauty salons/spas, activity rooms, community kitchens, a chapel, outdoor pool and fitness center.
HOUSTON — Atlanta-based Carroll Organization has acquired two luxury residential communities in Houston's Energy Corridor: the 330-unit Waterford on Westheimer and the 330-unit Villas at Westheimer. Waterford on Westheimer features a swimming pool, outdoor grill, billiard room, coffee bar and sundeck. Villas at Westheimer features a resort-style swimming pool, outdoor gas and charcoal grills, computer lounge, fitness center, auto detailing services and lush landscaping. Carroll Organization now owns seven multifamily communities in Houston totaling 2,476 units. The company has completed more than $400 million of multifamily acquisitions during the past 18 months.
HOUSTON — New York City-based Cohen Real Estate has arranged the sale of Willowchase Shopping Center, a 273,274-square-foot center located at 12792 Willow Chase Drive in Houston. A 92,818-square-foot Fiesta Mart anchors the shopping center, which is 85 percent leased to tenants such as Jo-Ann Fabrics, Family Dollar and Dots. Helen Putterman and Vera Thomas of Cohen Real Estate procured the buyer, Houston-based Fidelis Capital Partners, in the transaction. Putterman and Thomas also represented the seller, Virginia Beach, Va.-based Wheeler Interests.
LAREDO, TEXAS — GBT Realty, a real estate developer based in Brentwood, Tenn., has completed the construction of the 10,000-square-foot McPherson Place, a retail development located on the corner of Bob Bullock Loop and McPherson Road in Laredo. The new property is fully leased to four retailers: James Avery, Orange Leaf, Starbucks Coffee Co. and AT&T. Including McPherson Place, GBT Realty's total number of developments in Texas is 77.
ARLINGTON, TEXAS — The Mansour Group of Marcus & Millichap has arranged the sale of Concentra Health Services, an 8,462-square-foot urgent care medical center located along Interstate 20 in Arlington. The property is located adjacent to Arlington Highlands, an 825,000-square-foot retail center. Alvin Mansour of The Mansour Group represented the seller, a developer, in the transaction. Mansour is an investment specialist in Marcus & Millichap's San Diego office. The buyer was an out-of-state private investor.