MANSFIELD — Marcus & Millichap has brokered the sale of the 10,730-square-foot Lowes Farm Market-North, a shopping center located at 3807 E. Broad St. in Mansfield. Vincent Knipp of Marcus & Millichap's Fort Worth office secured and represented the buyer, a local investment company, in the transaction.
SAN ANTONIO — A partnership between Atlas CP, Fort Worth-based Panther Transaction Group and Austin-based Barton Creek Capital has purchased a 691,866-square-foot industrial portfolio, located in northeastern San Antonio. Jason Pumpelly of Johnson Capital assisted in the mortgage financing.
HOUSTON — Jones Lang LaSalle has arranged the sale of 4295-4299 San Felipe, two office buildings totaling 92,499 square feet in Houston's Galleria submarket. Rudy Hubbard and Kevin McConn of Jones Lang LaSalle represented the seller, Morrison Karsten Group, in the transaction. The buyer was Equitas Commercial Real Estate Holdings.
HOUSTON — ARA has brokered the sale of the 250-unit, Class A Harbor View, a luxury multifamily community located in the Kingwood suburb of northeast Houston. The apartment community is located in the 14,000-acre King's Harbor mixed-use development, which is adjacent to Lake Houston. Harbor View is 91 percent occupied. Matthew Rotan, David Oelfke, David Wylie and David Mitchell of ARA's Houston office represented the seller, New York City-based JP Morgan, in the transaction. Atlanta-based Cortland Partners was the buyer.
HOUSTON — Berkeley Point Capital has closed a $58.8 million credit facility addition on an existing $80 million credit facility funded in August 2011. The nine-year advance recently funded the acquisition of the 309-unit Metro at Greenway, a Class A apartment community located adjacent to Greenway Plaza in Houston. The apartment community features a pool plaza, infinity spa, poolside terrace, courtyard, orange grove, summer kitchen, 24-hour fitness center, locker room, saunas, tanning bed, demonstration kitchen, resident lounge, coffee bar and parking garage with remote control access. The advance also funded the acquisition of the 114-unit Zoso Flats in Arlington, Va. Mitch Clarfield of Berkeley Point arranged the credit facility addition on behalf of the sponsor, Simpson Housing Fund I, a joint venture between Denver-based Simpson Housing LLLP and an East Coast-based pension fund.
GARLAND — NorthMarq Capital has secured $1.5 million in first mortgage refinancing for the 54,725-square-foot Greentree Square Shopping Center, located at 4750 N. Jupiter Road in Garland. Bart Dickinson of NorthMarq's Dallas office arranged the 15-year loan to amortize over 15 years through a life company lender.
LAWTON, OKLA. — Target has plans to open a new 135,000-square-foot store in Lawton, located on Northwest 82nd Street in the Lawton Marketplace shopping center. Target expects to hire between 200 and 250 employees to staff the new store, which is slated to open in July 2013. Target has announced plans to open 13 stores in 2013.
KATY — MedSpring Urgent Care has opened a new 5,000-square-foot center at 6501 S. Fry Road in Katy. MedSpring will have doctors on-site from 9 a.m. to 9 p.m. seven days a week, including holidays. The center is MedSpring's fifth Houston location and 10th in Texas.
ARLINGTON — John T. Evans Co. has arranged the sale of a 52,000-square-foot retail building, located at 4720 S. Cooper St. in Arlington. Mike Sandel of John T. Evans represented the seller, Zions First National Bank, in the transaction. The buyer was Marybe Investments.
OKLAHOMA CITY, OKLA. — Resource Real Estate Opportunity REIT has purchased the 216-unit Park Forest Apartments, located in Oklahoma City, for $2.05 million. The REO property features a swimming pool, clubhouse, playground and fitness center. Resource plans to invest capital to upgrade the facilities in the near future.
