Texas

UCR BROKERS $33.6M SALE OF FOUR RETAIL PROPERTIES

by admin November 13, 2012

DALLAS — Dallas-based UCR Investment Sales has closed on the $33.6 million sale of four shopping centers located in the Dallas/Fort Worth area totaling 223,749 square feet. The properties include the 59,986-square-foot South Towne Crossing in Burleson, the 29,897-square-foot Lake Forest Crossing in McKinney, the 42,700-square-foot McDermott Towne Crossing in Allen and the 91,116-square-foot Beach Western Commons in Fort Worth. UCR represented the Retail Properties of America, the seller, in the South Towne, Lake Forest and McDermott Towne transactions. UCR also represented CNA Enterprises, the seller, in the Beach Western Commons transaction.

November 13, 2012

GLADSTONE BUYS RECORDS CENTER IN FORT WORTH FOR $20M

by admin November 13, 2012

FORT WORTH — Gladstone Commercial Corp. has purchased the National Archives and Records Administration's 208,234-square-foot Southwest Region Records Center in Fort Worth for $20 million. The mission-critical property includes office and research space, as well as archival storage space. The long-term lease is fully guaranteed by the U.S. Government.

November 13, 2012

Office Texas

HFF ARRANGES ACQUISITION FINANCING FOR OFFICE PROPERTY

by admin November 13, 2012

SAN ANTONIO — HFF has secured acquisition financing for Network Crossing, a five-building, 143,831-square-foot office property located at 5252 Prue Road in San Antonio. The property is 89 percent leased. Mona Carlton and Robert Wooten of HFF arranged the 10-year loan through Northwestern Mutual on behalf of the borrower, Live Oak-Gottesman Co.

November 13, 2012

Retail Texas

NORTHMARQ SECURES $1.4M LOAN FOR RETAIL PROPERTY

by admin November 13, 2012

GARLAND — NorthMarq Capital has arranged $1.4 million in first mortgage refinancing for the 32,000-square-foot Belt Line Retail, a shopping center located at 1225 Belt Line Road in Garland. Bart Dickinson of NorthMarq arranged the 25-year loan with a 25-year amortization schedule through a life insurance company lender.

November 13, 2012

Industrial Texas

ENERGY COMPANY LEASES INDUSTRIAL SPACE IN HOUSTON

by admin November 13, 2012

HOUSTON — Complete Drilling Solutions has leased 97,000 square feet of industrial space at 5434 FM 1488 Magnolia in Houston. David Boyd of Boyd Commercial/CORFAC International represented the landlord, Silverstein Enterprises of Magnolia, in the lease transaction. Steve Kuper and Preston Yaggi of The National Realty Group represented the tenant.

November 13, 2012

Office Texas

LEVEY GROUP TO BUILD OFFICE/WAREHOUSE IN CONROE

by admin November 12, 2012

CONROE — Levey Group will begin constructing a 14,000-square-foot office/warehouse facility in Conroe. The design/build project will house Oklahoma City, Okla.-based Kimray's Distributor division. Construction is slated to begin in January 2013.

November 12, 2012

Industrial Texas

COLLIERS BROKERS $1.5M INDUSTRIAL LEASE

by admin November 12, 2012

GRAND PRAIRIE — Colliers International has arranged Delta Group Electronics' $1.5 million lease of 50,000 square feet of industrial space, located at 2920 N. Highway 360, Suite 100 in Grand Prairie. Tom Pearson and Chris Teesdale of Colliers International's Dallas office represented the tenant in the transaction. The landlord is TIAA.

November 12, 2012

Multifamily Texas

M&M ARRANGES LAKESIDE VILLAGE SALE

by admin November 12, 2012

WYLIE — Marcus & Millichap has secured the sale of the 76-unit Lakeside Village, an apartment community located at 301 W. Kirby St. in Wylie. Bard Hoover, Nick Fluellen and Robert Denninger of Marcus & Millichap's Dallas office represented the seller, an individual trust, in the transaction. The property is fully occupied.

November 12, 2012

Healthcare Texas

HOSPITAL IN SUNNYVALE EXPANDS ITS EMERGENCY DEPARTMENT

by admin November 12, 2012

SUNNYVALE — Texas Regional Medical Center at Sunnyvale has doubled the bed count of the emergency department in a $100,000 expansion. The emergency department's patient visit count has nearly doubled since 2010, when it recorded 18,000. Now the company expects to have nearly 30,000 patient visits in 2012.

November 12, 2012

Hospitality Texas

FIVE-ACRE SITE IN COPPELL SELLS FOR HOTEL DEVELOPMENT

by admin November 12, 2012

COPPELL — CASE Commercial Real Estate Partners has arranged the sale of five acres in Coppell for a hotel development. The site is within one mile of Dallas/Fort Worth International Airport. Sava Holdings, the developer, has designed the property to consist of two limited-service hotels adjoined by a conference center. Bruce Endendyk, John Endendyk and Collin Prater of CASE represented the seller, BB&T Bank, in the transaction. Zenosh LLC is the buyer.

November 12, 2012

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