NORMAN, OKLA. — Campus Crest Communities has commenced construction on The Grove at Norman, a 224-unit, 600-bed student housing community located 0.6 miles from The University of Oklahoma in Norman. The community is expected to cost approximately $26.4 million to develop and is slated to open in fall 2013. The student housing development will feature a resort-style pool, game room, fitness center and library. Campus Crest has formed a joint venture with Harrison Street Real Estate to develop the community, and Campus Crest will own 20 percent of the community upon completion.
PASADENA — The Houston Area Safety Council (HASC) has broken ground on Phase I of its 67,000-square-foot training campus, located at 5213 Center St. in Pasadena. The new property represents a two-year initiative to expand HASC's safety training capabilities to handle the overflow of the Deer Park headquarters. Kirksey Architecture designed the property and Tellepsen Builders will build the facility, which is slated for a 2013 completion. The training facility will feature a 220-seat auditorium with stadium seating, computer lab with 725 workstations and parking for 800 vehicles.
HOUSTON — McCarthy Building Cos. has been selected to renovate The University of Texas MD Anderson Children's Cancer Hospital, located on the ninth floor of the Alkek Tower at MD Anderson in Houston. Construction is under way on the infrastructure upgrade. McCarthy Building completed construction last year on the MD Anderson Cancer Center Alkek Hospital's 12-story vertical expansion.
EDINBURG — Marcus & Millichap has brokered the sale of the 90-unit University Manor, a multifamily property located at 615 S. Sugar Road in Edinburg. Zar Haro and Mike Moffitt of Marcus & Millichap's San Antonio and Austin offices, respectively, represented the buyer and seller, both private investors, in the transaction.
DALLAS — HollyFrontier Corp., a Fortune 500 company, has signed a lease for an additional 14,203 square feet of office space for a total of 60,045 square feet at 2828, an 11-story office tower located in Dallas' HARWOOD district. Bill McClung and Mike Wyatt of Cushman & Wakefield represented the tenant in the lease transaction. Harwood was self-represented by Jihane Boury and Peter Sleiman. The lease transaction brings 2828 tower to 97.5 percent occupancy.
SAN MARCOS — Satterfield & Pontikes has been selected as the construction manager for a $9.3 million project to renovate Texas State University's psychology building on its San Marcos campus. The project consists of renovating and remodeling 37,500 square feet of the existing psychology building for the philosophy, computer science and transportation services departments. The renovation includes modifications to the HVAC, electrical, plumbing and telecommunication systems within the building. Randall Scott Architects will provide design services. Construction is slated to begin in spring 2013 and be complete by May 2014.
WACO — Monmouth Real Estate Investment Corp. has acquired a 102,594-square-foot industrial property, located at 685 Alliance Parkway in Waco, for $8.73 million. The property is net-leased for 10 years to FedEx Ground Package System. The facility was recently constructed by Jones Development Co.
DALLAS — Marcus & Millichap has arranged the sale of the 148-unit Sunrise Village Apartments, located at 4836 Sunnyvale St. in Dallas. John Barker of Marcus & Millichap's Dallas office and Boyan Radic of the firm's Fort Worth office represented the seller, an individual trust, in the transaction.
HOUSTON — Hunington Properties has brokered the sale of the 8,800-square-foot Eldridge Plaza, located near the intersection of Eldridge Parkway and Little York Road in Houston. Todd Carlson of Hunington Properties represented the seller, a New York City-based investor, in the transaction, and procured the buyer, a Houston-based investor.
HOUSTON — Johnson Capital has secured $8.4 million in permanent financing for a 250,176-square-foot warehouse/distribution building, located near the Northwest Freeway 290 in Houston. The property is currently fully leased to Office Depot. Kevin Burkhalter of Johnson Capital's Los Angeles office arranged the 15-year loan with a 25-year amortization schedule on behalf of the borrower, a Los Angeles-based private entity.