WACO — Conn's Inc. has opened a 45,000-square-foot Conn's Home Plus store, located at 230 N. New Road in Waco. The new store includes more than 23,000 square feet devoted to furniture and mattresses. Conn's currently operates 65 locations in Texas, Louisiana and Oklahoma.
SUGAR LAND — NAI Houston has brokered the sale of a 40,000-square-foot industrial facility, located at 510 Industrial Blvd. in Sugar Land. Chris Caudill and Joel Michael of NAI Houston represented the seller, KW Industries Inc., in the transaction. Blake Gibson and Ashley Yoder of Colliers International represented the buyer, Petronash.
AUSTN — SRS Real Estate Partners has arranged the sale of the 10,000-square-foot Silver Creek II shopping center, located at the intersection of West Parmer Lane and Silver Creek Drive in Austin. The property is fully leased. Jason Middlebrook of SRS Real Estate Partners represented the seller in the transaction.
HOUSTON — Sonesta International Hotels Corp. will manage the 93-room Staybridge Suites Houston Galleria, located at 5190 Hidalgo St. in Houston's Galleria area, starting August 13. Sonesta will rebrand the hotel as the Sonesta ES Suites Houston. The hotel features an outdoor swimming pool, 24-hour fitness center, season grill, guest laundry and 24-hour business center.
DALLAS — NorthMarq Capital has arranged a $21.13 million construction/permanent loan and $10.24 million in joint venture financing for the 192-unit 3003 Carlisle Apartments, located in Dallas' Uptown district. William Jackson of NorthMarq's Dallas office arranged the loans through a regional commercial bank and a correspondent life insurance company.
THE WOODLANDS — The Lionstone Group has repurchased the Waterway Plaza I & II office buildings, two Class A properties located in The Woodlands totaling 366,000 square feet. The company owned the buildings from 2003 to 2005. The Lionstone Group purchased the properties through CFRE Partners One, a $252 million investment vehicle. Trent Agnew, Robert Williamson and Jeff Hollinden of HFF represented the seller, Daymark, in the transaction. Eric Anderson of Transwestern is handling the leasing for the properties.
DALLAS — Younan Properties has sold the 19-story, 398,767-square-foot Four Forest Plaza, a Class A office building located on Merit Drive in Dallas' Central Expressway submarket. CBRE represented the seller in the transaction. The buyer, Adler Realty Investments, was self-represented.
FORT WORTH — ML Realty Partners has purchased a 348,871-square-foot industrial portfolio, consisting of three properties located in Centreport Business Park in Fort Worth. Randy Baird, Jud Clements, Robby Rieke and Chris Selbo of HFF represented the seller, AEW Capital Management LP., in the transaction.
PLANO — Dallas-based Primera Cos. has plans to construct a two-story, 51,333-square-foot office building, a Class A property that will be located at 5151 Headquarters Drive in Legacy Business Park in Plano. The building is slated for a summer 2013 completion. Myers & Crow Co. will develop the property that was designed by Gromatzsky Dupree & Associates. Legacy Texas Bank provided construction financing, and Trevor Franke and Aarica Mims of Peloton Real Estate Partners are handling the property's leasing responsibilities.
ARLINGTON — SkyWalker Property Partners has sold the 78,660-square-foot Cordovan Park, located at 5840-5850 W. Interstate 20 in Arlington, in an off-market transaction to Texas Trust Credit Union. The property is 75 percent leased. SCM Real Estate has retained leasing and property management duties.