PASADENA — Houston-based Boxer Property has been awarded the management and leasing of the 56,000-square-foot Bank of America Building, an office property located at 213 W. Southmore Blvd. in Pasadena. Doug Pack of Boxer Property negotiated the agreement, which brings Boxer's third-party management portfolio to more than 5 million square feet.
HOUSTON — Marcus & Millichap has secured the sale of a 30,500-square-foot retail property located at 2800 San Jacinto St. in Houston. Edward Benton and Justin Miller of Marcus & Millichap's Houston office, along with David Ching of the firm's Oakland, Calif., office, represented the seller, a financial institution, in the transaction. Benton, Miller and Ching also represented the buyer, a developer.
MAGNOLIA — Boyd Commercial/CORFAC International has arranged a 97,000-square-foot industrial lease, located on 9.4 acres at 5434 FM 1488 in Magnolia, to Complete Drilling Solutions. The property features 3,000 square feet of office space, 8,000 square feet of shop space, 86,000 square feet of manufacturing/warehouse space, three five-ton bridge cranes, one three-ton bridge crane, 10 grade-level doors and five truck docks. David Boyd of Boyd/CORFAC represented the landlord, Florida-based Silverstein Enterprises of Magnolia, in the lease transaction. Steve Kuper and Preston Yaggi of The National Realty Group represented the tenant.
CARROLLTON — Henry S. Miller Brokerage has arranged Fallas Discount Store's relocation from Valwood Village in Farmers Branch to the Carrollton Park Shopping Center in Carrollton. The discount store will lease 15,116 square feet of space, located at 1103 Josey Lane in Carrollton. Shawn Ackerman of Henry S. Miller represented the tenant in the lease transaction.
THE WOODLANDS — HFF has closed the sale of the 145,580-square-foot 2001 Timberloch, an office building located in the mixed-use development Town Center in The Woodlands. The property is fully leased to Repsol USA and Entergy Services. Dan Miller and Trent Agnew of HFF represented the seller, CalSTRS, which was advised by CBRE Global Investors, in the transaction. The buyer was Principal Real Estate Investors.
HOUSTON — Gaia Real Estate has purchased two apartment communities in the Houston area totaling 708 units. The two properties are the 408-unit Steeples Apartments and the 300-unit Township Apartments. Steeples Apartments features a 24-hour fitness center, two pools, walk-in closets, laundry facilities and covered parking. Township Apartments features a fitness center, two pools, sports courts, a playground and an outdoor barbecue station. Gaia recently opened an office in Dallas to oversee its Texas portfolio, which now includes 23 properties.
IRVING — Marcus & Millichap has arranged the sale of the 195-unit Woodside Villas, an apartment community located at 3429 W. Rochelle Road in Irving. Bard Hoover and Nick Fluellen of Marcus & Millichap's Dallas office represented the buyer and seller, both limited liability companies, in the transaction.
DALLAS — Colliers International has closed the sale of a 337-acre industrial site in south Dallas' Inland Port area. The purchase includes the site as well as two rail easements. Tom Pearson, Chris Teesdale and Ward Richmond of Colliers represented the seller, Sherman-based American Bank of Texas, in the transaction.
DALLAS — RLG Consulting Engineers has expanded its headquarters to a full floor at the 57,505-square-foot La Sierra Office Building in north Dallas. RLG signed a lease renewal/expansion for the 15,173-square-foot third floor of the office building. Dave Besserer and Curt Linn of Bradford Commercial Real Estate Services represented the tenant in the lease transaction. The landlord is Fred Pakravan of Dallas.
DALLAS — HFF has arranged a $100 million, long-term loan for a portion of The Shops at Park Lane, a 1.2 million-square-foot mixed-use development in Dallas. The property consists of 600,000 square feet of retail, 340,000 square feet of office space and the 325-unit The Heights at Park Lane. Retail tenants include Whole Foods, Dick's Sporting Goods, Nordstrom Rack, Saks Off Fifth, Bloomingdale's — The Outlet Store, HomeGoods, Old Navy, Gordon Biersch and Grimaldi's Pizza. Office tenants include Kosmos Energy and the Art Institute of Dallas. Travis Anderson and Jim Curtin of HFF secured the loan through ING Investment Management on behalf of the borrower, Northwood Investors.