AUSTIN — KW Commercial has arranged the purchase of an 11,395-square-foot, freestanding medical office building, located in south Austin. Nick Nelson and Jim Young of KW Commercial represented the buyer, an out-of-state investor, in the transaction.
HOUSTON — Jones Lang LaSalle has arranged the sale of 12301 Kurland, a four-story, 195,525-square-foot office building in Houston's Gulf Freeway submarket. Rudy Hubbard and Kevin McConn of Jones Lang LaSalle represented the seller, Capital Commercial Investments, in the transaction. Paul House and John Ream of Jones Lang LaSalle secured a 10-year senior mortgage CMBS loan through Deutsche Bank on behalf of the buyer, Mission Cos. The property is 92 percent leased to five tenants.
SANTE FE — Cadence McShane Construction Co. has completed the repurposing of the existing 45,612-square-foot Cowan Elementary School and the renovation/addition for the 108,800-square-foot Sante Fe Junior High School, both of which are part of the Sante Fe Independent School District (ISD). Cadence McShane has converted Cowan Elementary into the new Elizabeth Yaws Cowan Education Center, which will serve as the administration facility for Sante Fe ISD. The education center has an updated boardroom, expanded office space and a new technology center. The renovation project at Sante Fe Junior High included the reconstruction of the existing 99,000 square feet of space plus a 9,800-square-foot addition. SBWV Architects provided the comprehensive architectural services for both projects.
FORT WORTH — Sundance Square, a 35-block commercial, retail, residential and entertainment district in downtown Fort Worth, has added several new retailers in time for the holiday season. Coyote, a women's boutique shop, has opened a 2,400-square-foot space at 317 Houston St.; Salata, a next-generation salad bar, has opened a store at 520 Commerce St.; and BB&T opened a 4,200-square-foot bank branch on the ground floor and 4,000 square feet of office space on the second floor of the Caceria Building at Fifth and Commerce streets. Additionally, Flowers to Go is set to open a 790-square-foot shop at 325 Houston St. in January and a two-story, 9,000-square-foot Del Frisco's Grille is coming to the plaza, which is slated for an October 2013 completion.
DALLAS — Colliers International North Texas has arranged the sale of 56 acres of land in South Dallas, located at Vanderbilt Avenue and Millers Ferry Road. Tom Pearson, Chris Teesdale and Ward Richmond of Colliers International's Supply Chain Real Estate Advisors (SCREA) represented the seller, American Bank of Texas, in the transaction. Myron Goff purchased the land, according to Pearson.
HOUSTON — Orlando, Fla.-based Cuhaci & Peterson Architects has started to design four Fresh Market stores in the Houston area. The four stores, which all span approximately 23,000 square feet, are located in the Uptown/Tanglewood, Memorial, River Oaks and West University neighborhoods. The four stores are slated for a late 2013 opening.
AUSTIN — Bell Partners, an apartment investment and management firm, has acquired the 344-unit Rattan Creek Apartments in northwest Austin and the 272-unit Ranch House Apartments in southwest Austin on behalf of its investors. Rattan Creek has a 24-hour fitness center, central courtyard, two-tiered pool with a waterfall, outdoor fireplace, executive business center and a cafe lounge. Ranch House features a fenced pet park, music studio, 24-hour fitness center, volleyball court, lounge, coffee bar and interactive game room. Bell Partners will manage both Rattan Creek and Ranch House, which will be rebranded as Bell Tech Corridor and Bell Austin Southwest, respectively.
ABILENE — Wal-Mart Stores Inc. has selected Satterfield & Pontikes Construction to build a $9.2 million, 137,941-square-foot Sam's Club, located at 5550 S. Clark St. in Abilene. Dallas-based Raymond Harris and Associates is providing architectural design services for the development, and Fort Worth-based Dunaway Associates is providing civil engineering services. Project work for the new store includes asphalt paving, fire suppression, refrigeration, landscaping, irrigation, storm water system and erosion controls. Construction is slated to wrap up in May 2013.
ARLINGTON — Signature Associates has arranged two industrial leases totaling nearly 300,000 square feet, located at 3001 E. Pioneer Parkway and 3400-3408 Randol Mill Road in Arlington. Peter Walocko of Signature represented the tenant, Android Industries, in the lease transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.
SUGAR LAND — Three new office tenants have signed leases with Planned Community Developers (PCD) for office space at Sugar Land Town Square, bringing the development to 83 percent occupancy. Altius Consulting has leased 2,716 square feet of office space at 2245 Texas Drive, Suite 150. Julie Combs of JC Realty represented the tenant in the lease transaction. DuCharme, McMillen & Associates has leased 9,335 square feet of space at 2245 Texas Drive, Suite 450. Hugh Herman of Cushman & Wakefield of Texas represented the tenant. John Crane Production Solutions has leased 6,556 square feet of space at 2150 Town Square Place, Suite 395. Tracy Steele of Morgan, Lewis & Bockius represented the tenant in the transaction. PCD was self-represented by Don Janssen in the all three lease transactions.