LIBERTY, TEXAS — Marcus & Millichap Real Estate Investment Services has arranged the sale of Liberty Crossing Shopping Center, a 10,276-square-foot retail property located at 2121 Highway 146 Bypass in Liberty. Philip Levy of Marcus & Millichap represented the buyer, a private investor, and the seller, 2121 146 Bypass LLC, in the transaction. The center is currently 88 percent occupied. Workforce Solutions occupies 68 percent of the gross leasable area, and Ice Ventures leases space in Liberty Crossing’s parking lot.
HOUSTON — NAI Houston has been selected to market an 88,705-square-foot corporate headquarters-style facility, located at 8787 Tallyho Road in Houston’s Gulf Freeway submarket. The property is comprised of three office buildings connected by interior walkways and is situated on 12-acres of land. Building amenities include a data center with back-up generators, offices, open-areas, cafeteria, boardroom, kitchen areas and an 8/1,000-square-foot parking ratio. NAI Houston’s Dan Boyles Jr. and Liz Westcott-Brown will be the leasing/sales agents for the property.
FRISCO, TEXAS — Hall Financial Group, owner and landlord of the 162-acre Hall Office Park in Frisco, has signed leases with four new companies within the complex. The Old Republic Title Insurance Group (ORTIG) has signed a new lease for 3,290 square feet at 6801 Gaylord Parkway. Jill Arias with DZT represented ORTIG in lease negotiations. Advanced Microbial Solutions LLC has signed a new lease for 3,251 square feet at 2600 Network Blvd. Rhonda Martin of The Commercial Connection represented Advanced Microbial Solutions in the lease transaction. Medical Management Professionals Inc. has signed a new lease for 1,695 square feet at 2591 Dallas Parkway. Brad Mason of Jackson Cooksey represented MMP in negotiations. Basic Contracting Services Inc. has leased office space at 2600 Network Blvd. for its corporate headquarters. Kim Butler, Tammy Nellis and Brad Gibson represented Hall Financial Group in-house in all four lease deals.
SHERMAN, TEXAS — United Commercial Realty (UCR) Dallas aided Office Depot in signing a 16,909-square-foot, build-to-suit lease at Sherman Commons, a 241,000-square-foot community shopping center located in Sherman. Dan Shoevlin and Carter Butler of UCR represented the landlord and Claudia Hutchinson and Myles Kelley of Realty Ventures represented the tenant. UCR Asset Services has begun construction on the property. The grand opening will be later this year. Other notable tenants at Sherman Oaks include Kohl’s, Academy Sports + Outdoors, Jo Ann Fabrics and Crafts and PetSmart.
SAN ANTONIO — Marcus & Millichap Real Estate Investment Services has arranged the sale of Southcross Square, an 85-unit multifamily property located at 3907 E. Southcross Blvd. in San Antonio. Zar Haro, Michael Moffitt Jr., Moses Siller and Scott Lamontagne of Marcus & Millichap represented the seller, a private investor, and the buyer, a limited liability company. The property is comprised of 32 one-bedroom/one-bathroom units and 53 two-bedroom/one and one-half bath units.
PLANO, TEXAS — The Medical Center of Plano has broken ground on a new 10,500-square-foot satellite emergency room, located at the southeast corner of Coit Road and State Highway 121/Sam Rayburn Tollway in Plano. The emergency room will operate 24 hours a day, seven days a week year-round and will be staffed by board-certified emergency physicians and registered nurses. The property will include 12 private patient rooms. Two rooms will be themed for pediatric patients in an alliance with Medical City Children’s Hospital. Read King Medical Development has developed the architectural plans and specifications for the complex. Batten and Shaw Inc. will serve as the general contractor for the project. The emergency room is scheduled to open in January 2014.
PLANO, TEXAS — ARA has arranged the sale of Reserve at Pebble Creek and Somerset at Spring Creek, two multifamily properties in Plano totaling 416 units. Aragon Holdings purchased the portfolio for an undisclosed price from Venterra Realty Management. Brian Murphy, Brain O’Boyle Sr. and Brian O’Boyle Jr. of ARA represented the seller in the transaction.
DALLAS — City Doc Preston Royal Urgent Care has opened a new location at 10759 Preston Road in Dallas. City Doc offers urgent care services including immunizations, care for accidents and fractures and general health evaluations. This marks the fourth Dallas-area City Doc location.
LAREDO, TEXAS — Horizon Group Properties Inc. has unveiled its plans for the development of a 350,800-square-foot outlet center to be named The Outlet Shoppes at Laredo. The center will be located at the Gateway to the Americas near Highway 35 and will open in 2015.The Outlet Shoppes at Laredo will house 80 to 90 stores, bringing an estimated 1,000 new jobs to the Laredo area as well as generating more than $130 million in annual sales.
SAN ANTONIO — Ron Davis of Johnson Capital’s Dallas office has arranged $2.4 million in joint venture equity financing for the construction of Autumn Leaves of Stone Oak, a 30,000-square-foot memory care center located at 20272 Stone Oak Parkway in San Antonio. Davis procured the equity investment from Dallas-based MedProperties Holdings LLC. The project cost will total $10.7 million. The LaSalle Group is the developer for the project. Frost Bank provided the construction loan. Autumn Leaves of Stone Oak is expected to open in spring 2014 and will house 50 residents with Alzheimer’s, dementia and memory impairment.