HOUSTON — Finial Group has arranged the sale of a 109,620-square-foot, crane-served manufacturing facility, located at 525 McCarty St. in Houston. Ross Thomas and Reed Vestal of Finial Group represented the seller, Elbi of America, in the transaction.
ANGLETON, TEXAS — Dougherty Mortgage LLC, an approved Fannie Mae DUS lender, has arranged a $4.4 million refinancing loan for Westport Apartments, a 152-unit multifamily affordable housing complex in Angleton. Dougherty Mortgage's Austin office arranged the seven-year, adjustable rate mortgage loan on behalf of the borrower, Westport Apartments LP.
GRAND PRAIRIE, TEXAS — Michigan-based Encore Floral Inc. is doubling the size of its current distribution center by expanding to the 22,663-square-foot ProLogis GSW 33, located at 1097 Ave. R in Grand Prairie. The company's current distribution center is located in Pinnacle Park in Dallas. Brian Pafford of Bradford Commercial Real Estate Services represented the tenant in the lease transaction. Denver-based ProLogis was self-represented by Jon Sorg. Encore Floral is a national fresh flower bouquet-maker for supermarkets.
SAN ANTONIO — Marcus & Millichap has received the exclusive listing for Bandera Commons, a 240-unit apartment complex in San Antonio. The property is being offered on a price to be determined by the market, according to Marcus & Millichap. Joe James, Kent Myers and Reynold Toepfer of Marcus & Millichap's Austin office are representing the seller, a private investor, in the transaction. The complex is located at 8120 Mainland Drive, adjacent to Leon Creek Greenway, a 15-mile recreation trail. The property is 97 percent occupied. The community was built in 2002 on an 11-acre parcel and includes a swimming pool, heated spa, business center, 24-hour fitness center and a laundry facility.
COPPELL, TEXAS — Duke Realty Corp. has signed lease agreements totaling 224,105 square feet with two companies in its Freeport North development in Coppell. Freeport North is a 13-building industrial campus. CID Resources Inc., a medical apparel provider, has leased 114,105 square feet of space in Freeport VI, located at 601 S. Royal Lane. Norwex USA Inc., a Norwegian-based company specializing in reduced-chemical household and personal care products, leased 110,000 square feet in Freeport XIV, located at 800 W. Bethel Road. Duke Realty was self-represented in both transactions by Randy Wood. Ryan Boozer of Mercer Co. represented CID Resources, and Sharron Morrison and Brad Struck of Transwestern represented Norwex.
DALLAS — The Connor Group, a Centerville, Ohio-based real estate investment firm, has closed the sale of The Reserve at Galleria, a 301-unit apartment community in Dallas. The Connor Group owned and operated the community for seven years before selling to FPG Reserve at Galleria. The Connor Group now owns approximately $1.5 billion in assets and owns and operates eight properties in Texas — five in Dallas and three in Austin. The firm has sold seven properties since December.
DICKINSON, TEXAS — Marcus & Millichap has arranged the sale of the 16,524-square-foot Bay Colony Center I, a shopping center located at 660 FM 517 W. The shopping center had a list price of $2.8 million. Justin Miller of Marcus & Millichap's Houston office represented the seller, a Houston-based developer, in the transaction. The buyer, a private investor from California, purchased the shopping center in a 1031 exchange.
DALLAS — Dallas-based Harwood International has inked a lease for 15,068 square feet of office space with Accudyne Industries at 2728 N. Harwood in Uptown Dallas, which brings the office building to full occupancy. The property spans 10 stories and features the Marie Gabrielle Restaurant and Gardens, a fitness center and 1.5-acre rooftop garden. The Windsor Locks, Conn.-based Accudyne Industries is moving its corporate headquarters to the new location. Harwood International was self-represented by Jihane Boury in the lease deal. Michael Swaldi, Larry McCorkle and Jeff Staubach of Jones Lang LaSalle represented the tenant, along with Kevin McGlinchey of Accudyne Industries.
AUSTIN, TEXAS — Waller, a law firm servicing the healthcare industry based in Nashville, Tenn., has signed a 10,799-square-foot lease for office space on the top floor of 100 Congress in downtown Austin. The 22-story, Class A office tower is located on the corner of Second Street and Congress Avenue. The law firm is led by partners Elizabeth Rogers and Fletcher Brown, as well as Amanda Jester, who joined the practice today. Will Douglas and Jerry Frey of CBRE Austin represented the tenant in the lease transaction. Troy Holme and Katie Ekstrom of CBRE Austin represented the landlord, New York City-based Metropolitan Life Co. Waller is working with STG Design's Austin office to renovate the space.
DALLAS — The Regency Plaza, a 165,843-square-foot office building in Uptown Dallas, has earned LEED Silver certification from the U.S. Green Building Council. The property is Gaedeke Group LLC's headquarters building and is located at 3710 Rawlins St. The team responsible for the LEED certification included Dan Yates and Blaine Morris of Gaedeke Group and Frisco-based Quest Sustainability Solutions.