Texas

COLLEGE FOOTBALL PLAYOFF SELECTS HQ IN IRVING

by admin May 16, 2013

IRVING, TEXAS — Sante Fe, N.M.-based Rosemont Realty LLC has inked a 6,769-square-foot office lease with the newly formed College Football Playoff at The Summit at Las Colinas in Irving. The 19-story, 375,305-square-foot office building is located at 545 E. John Carpenter Freeway in the Las Colinas submarket and is 88 percent occupied. The organization will occupy its new headquarters by Aug. 1. Rosemont Realty was self-represented by Kirby White in the transaction. Peery Wood of Lincoln Property Co. represented the tenant. The staff of College Football Playoff will oversee college football's postseason transition from its current BCS format to a playoff system, which will occur beginning with the 2014-2015 season. The organization will also manage the current BCS program in its 16th and final season of existence.

May 16, 2013

CONDO COMMUNITY OPENS NEAR RICHLAND CHAMBERS LAKE

by admin May 15, 2013

CORSICANA, TEXAS — Northshore Harbor Condominiums, located off South U.S. Highway 287 at the end of Spur 294 in Corsicana, has opened its doors. The Northshore Harbor Condos are located on Richland Chambers Lake just outside Corsicana, and it features the Harbor Inn Marina and the Harbor Inn Restaurant & Club. The 36 condominium units are priced in the $170,000 to $270,000 range and feature a private balcony or patio, granite countertops and stainless steel appliances. Amenities include a saltwater pool, clubhouse, fitness center, cyber cafe and private library.

May 15, 2013

Office Texas

PRIMERA COS. COMPLETE CONSTRUCTION OF OFFICE BUILDING

by admin May 15, 2013

PLANO, TEXAS — Primera Cos. Inc. has wrapped up construction of the 51,333-square-foot Headquarters Place, an office project located at 5151 Headquarters Drive in the Legacy Business Park in Plano. The office building features 35 pre-finished office suites, two conference centers and a cafe/lounge. The project is currently 20 percent pre-leased. The construction team includes developer Myers & Crow Co., designer Dupree & Associates and owner Primera Headquarters Partners LLC. Aarica Mims and Trevor Franke of Peloton Real Estate Partners are handling leasing responsibilities for the new building. Legacy Texas Bank extended construction financing for the project.

May 15, 2013

Texas

SATTERFIELD & PONTIKES TO REPAVE PORT OF HOUSTON TERMINAL

by admin May 15, 2013

LA PORTE, TEXAS — The Port of Houston Authority has selected Satterfield & Pontikes for a 10-acre repaving project in Terminal 5 for Port of Houston's Barbours Cut Terminal in La Porte. The $7 million project is scheduled for completion in November. The Barbours Cut Terminal handles approximately 3 million tons of cargo on an annual basis. Satterfield & Pontikes will demolish and remove an approximately 400,000 square feet of paving for the project.

May 15, 2013

Healthcare Texas

CBRE SECURES SALE OF WILLOW CREEK MEDICAL CENTER

by admin May 15, 2013

PALESTINE, TEXAS — CBRE has arranged the sale of Willow Creek Medical Center, a 27,993-square-foot medical office building in Palestine. The healthcare property is located in the Willow Creek Business Park on Loop 256 and is anchored by an ambulatory surgery center. Scott Herbold, Chris Bodnar and Lee Asher of CBRE's U.S. Healthcare Capital Markets Group represented the seller in the transaction. The Cirrus Group built the medical center in 2010.

May 15, 2013

Multifamily Texas

HIGHLAND COVE APTS. IN NORTHEAST AUSTIN SELLS

by admin May 15, 2013

AUSTIN, TEXAS — Texas Income Property has brokered the sale of the 88-unit Highland Cove Apartments, a multifamily community located in northeast Austin. Highland Cove was constructed in 1969 and the new owner is planning to renovate the property. Christopher Tucker of Texas Income Property represented the seller in the transaction. Tucker also arranged the sale of the 22-unit Lynridge Apartments, also in northeast Austin.

May 15, 2013

Mixed-Use Texas

CBRE ARRANGES $83.5M IN CONSTRUCTION FINANCING

by admin May 14, 2013

AUSTIN, TEXAS — CBRE's Debt & Equity Finance team in Houston has arranged $83.5 million in construction financing on behalf of Seaholm Power LLC for the redevelopment of the Seaholm Power Plant. The historic facility is located in the southwestern portion of Austin's central business district. The borrower plans to transform the 117,000-square-foot power plant into office space and add approximately 60,000 square feet of mixed-use space, anchored by a Trader Joe's grocery store. The redevelopment also includes a 30-story, 309-unit apartment tower. Jim Richards and Jim Kirkpatrick of CBRE arranged the open-ended construction loans, which were funded by Bank of the Ozarks and IBC Banks. Seaholm Power LLC is a joint venture between Austin-based Southwest Strategies, Los Angeles-based CIM Group and the City of Austin.

May 14, 2013

Civic Texas

SATTERFIELD & PONTIKES CONSTRUCTS $35.8M BORDER PATROL STATION

by admin May 14, 2013

KINGSVILLE, TEXAS — Satterfield & Pontikes Construction has delivered a new $35.8 million border patrol station in Kingsville for the U.S. Army Corps of Engineers. The U.S. Customs and Border Protection station features a 47,000-square-foot main station building, a 22,000-square-foot maintenance building, 8,000-square-foot warehouse, 4,000-square-foot canine facility, 2,000-square-foot covered fueling station and a 3,000-square-foot car wash facility. VOA Associates designed the complex to achieve LEED Silver certification, and Satterfield & Pontikes completed the station's construction four months ahead of schedule.

May 14, 2013

Office Texas

WESTRIDGE AT LA CANTERA DEVELOPMENT COMING TO SAN ANTONIO

by admin May 14, 2013

SAN ANTONIO — USAA Real Estate Co. and Patrinely Group LLC are developing WestRidge at La Cantera, a four-building office campus in San Antonio. Each of the four Class A office properties will span 128,700 square feet. Construction is slated to begin on the first office building, WestRidge One, in the fourth quarter. The office campus has been designed to achieve LEED Silver certification. Crimson Services LLC, an affiliate of Patrinely Group, will oversee the leasing and property management of WestRidge One. Travis Commercial Real Estate is the local listing broker on the project.

May 14, 2013

Retail Texas

JLL SECURES $23M ACQUISITION FINANCING FOR WOODLANDS CROSSING

by admin May 14, 2013

THE WOODLANDS, TEXAS — Jones Lang LaSalle's Capital Markets team has arranged $23 million in acquisition financing for Woodlands Crossing, a 125,186-square-foot shopping center located in The Woodlands. Trader Joe's anchors the property, which is fully leased. The property is located at the southeast corner of Woodlands Parkway and Kuykendahl Road. Mike Yavinsky, Jimmy Board, Jon Goldstein and Wesley Boatwright arranged the acquisition financing through Metropolitan Life Insurance Co. on behalf of the borrower, Global Retail Investors LLC, which is managed by Bethesda, Md.-based First Washington Realty Inc.

May 14, 2013

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