EL RENO, OKLA. — Northbrook, Ill.-based The Boulder Group has brokered the $4.89 million sale of a 13,650-square-foot Walgreens property, located at 1550 SW 27th St. in El Reno. The property is fully leased to Walgreens with 22 years remaining on the lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, an Oklahoma-based developer, in the transaction. The buyer was an individual investor from South Dakota.
HOUSTON — Satterfield & Pontikes Construction has been awarded a $1.2 million expansion project for a testing laboratory in Houston. The 9,200-square-foot project includes a 4,600-square-foot addition along with renovations to the existing 4,600-square-foot laboratory, which belongs to Goodman Manufacturing Co. The construction will include upgrading HVAC systems, improving electrical systems, plumbing upgrades, thermal protection, fire suppression and window/door glazing.
DALLAS — The Weitzman Group has arranged the sale of an 8,300-square-foot grocery store, located at 4405 Ross Ave. at Ashby Street in Dallas. Daniel Rivas of The Weitzman Group represented the buyer, Dallas-based Scarsdale One, in the transaction. The Weitzman Group will handle the property's leasing.
HOUSTON — LMI Capital has secured $9.2 million in refinancing for three Houston-area multifamily properties. Brandon Brown of LMI Capital arranged all three loans through LMI Capital's Fannie Mae sources. The three properties include the 190-unit Pelican Pointe Apartments in southwest Houston, the 101-unit Park Place Apartments in Pearland and the 113-unit Stoneybrook Apartments in west Houston. Brown arranged a seven-year loan for Pelican Pointe, a 10-year loan for Park Place and a 10-year loan for Stoneybrook.
SUNRAY — Marcus & Millichap has arranged the sale of a 8,000-square-foot Family Dollar, located at the southwest corner of Main and Fifth streets in Sunray. Edward Benton of Marcus & Millichap's Houston office represented the seller, a developer, in the transaction. The Family Dollar sold for $950,000.
DALLAS — McCarthy Building Cos. has been awarded a $23 million, design/build facilities project at the U.S. Department of Veterans Affairs (VA) Dallas Medical Center. The project is the company's first stand-alone, combined heat and power (CHP) cogeneration (COGEN) facility.The project will include a new electrical building and turbine shelter.
FORT WORTH — The UNT Health Science Center and Brookdale Senior Living have been awarded a $7.3 million Health Care Innovation award from the U.S. Department of Health and Human Services for a program to reduce hospital re-admissions of seniors housing residents. The Brookdale Senior Living Transitions of Care Program, a partnership between the UNT Health Science Center, Florida Atlantic University and Brookdale Senior Living, will begin in Brookdale's Texas and Florida facilities. The program could reduce hospital re-admissions by 11.2 percent and save Medicare $9.3 million.
NORTH RICHLAND HILLS — Dallas-based Realty Capital Management has brokered the sale of 13 acres in HomeTown, a mixed-use Traditional Neighborhood Development in North Richland Hills, to Dolce Living Hometown. Dolce plans to build a 315-unit multifamily community on the site.
AUSTIN — The Austin office of Berkadia Commercial Mortgage closed a total of $38.68 million in life company financing for office and multifamily properties in Texas. Matt Greer of Berkadia closed a $19.6 million, five-year acquisition loan through Principal Real Estate Investors for the 250-unit Marquis at Barton Creek in Austin. Andy Hill of Berkadia worked with Houston-based Hartman Income REIT to arrange $19.08 million in refinancing for a portfolio of office buildings located in Dallas and Houston.
FORT WORTH — The Laundry, a dry-clean drop-off station owned and operated by Fort Worth businesswoman Marilyn Bevan, has plans to open a 963-square-foot location at West 7th, a mixed-use development located at the southeast corner of University Drive and West 7th Street in Fort Worth. The facility will also house a tailoring shop that will be managed by Reata Alterations owner Brian Overstreet. Frank Bullock and Carey Shagets of SRS Real Estate Partners represented the landlord, Cypress Equities, in the lease transaction. Rodger Chieffalo of Chieffalo Realty represented the tenant.