DALLAS — The Regency Plaza, a 165,843-square-foot office building in Uptown Dallas, has earned LEED Silver certification from the U.S. Green Building Council. The property is Gaedeke Group LLC's headquarters building and is located at 3710 Rawlins St. The team responsible for the LEED certification included Dan Yates and Blaine Morris of Gaedeke Group and Frisco-based Quest Sustainability Solutions.
HOUSTON — Piedmont Office Realty Trust has sold 1200 Enclave Parkway, a 149,683-square-foot office building in Houston, for $48.75 million, or $326 per square foot. The Griffin Capital Corp. purchased the property on behalf of Griffin Capital Essential Asset REIT Inc. The Class A property is fully leased to Schlumberger Technology Corp., a subsidiary of Schlumberger Limited. Jeff Hollinden and Robert Williamson of HFF, along with Piedmont's Karen Purdy, represented the seller in the transaction. The buyer was self-represented.
ODESSA, TEXAS — The Belaire Group, a Dallas-based senior living consultant, has completed construction oversight of Orchard Park of Odessa, an assisted living and memory care facility located in Odessa. The $11 million, 65,000-square-foot project features 57 assisted living units and 40 memory care units. The property is located at 8050 Dr. Emmet Headlee St. The facility has received its certificate of occupancy and is awaiting final inspection from the Texas Department of Aging and Disability Services. The owner and developer, McFarlin Group, funded the development with both capital from the U.S. Department of Housing and Urban Development and private equity. Meridian Senior Living will manage the new facility.
HOUSTON — Marcus & Millichap has arranged the sale of a 11,740-square-foot shopping center, located at 1000 W. Gray St. in Houston. The property is situated on a 22,080-square-foot corner parcel at Montrose Boulevard and West Gray Street. Derek Hargrove and Justin Miller of Marcus & Millichap's Houston office represented the seller, a family trust, in the transaction. The buyer, Braun Enterprises, is rehabilitating the property to enhance its curb appeal, provide better visibility and increase parking.
LUFKIN, TEXAS — Tulsa, Okla.-based AmeriBid LLC has plans to auction off a 13,172-square-foot warehouse with frontage along U.S. Highway 69 in Lufkin. The bank-ordered auction will take place on-site at 3630 E. Denman Road on May 28. The property was built in 2006 as a gymnasium but was converted in 2008 to a nightclub with multiple bars, a wood dance floor and office space. The steel-frame building features 25-foot ceiling heights and has central air and heat.
DALLAS — Frost Bank, a Texas-based banking, investments and insurance firm, has signed a lease for 57,558 square feet at 2950 North Harwood, a 168,000-square-foot office building under development in Uptown Dallas. The lease features office space on four floors and a 4,914-square-foot retail bank branch with two drive-thru lanes on the ground floor. The new office will serve as Frost Bank's regional headquarters and will consolidate several Dallas offices and approximately 175 employees. Bob Edge and Mike Gosslee of Cushman & Wakefield of Texas Inc. represented Frost Bank in the lease transaction. The property is slated for November 2014 completion. Harwood International is the building's developer, and Jihane Boury of Harwood is in charge of leasing the remainder of the property.
FRISCO, TEXAS — Hall Financial Group has broken ground on the 16th office building in the Hall Office Park in Frisco. The new 200,000-square-foot, eight-story office building will be located at 3001 Dallas Parkway. The new site has frontage on the Dallas North Tollway/Dallas Parkway. The new office building is slated for a mid-2014 completion. The building will feature a two-story atrium lobby with high-end finishes and artwork from The Hall Collection. The project team includes designer HKS Inc., general contractor Turner Construction and lender JPMorgan Chase.
PECOS, TEXAS — The Sperry Van Ness National GSA Team of Mark Phillips and Tim Strange has arranged the $4 million sale of a federal courthouse in Pecos. Phillips and Strange represented the property seller, Oklahoma-based Dominion Group, in the transaction. Bruce Marshall of Sperry Van Ness/Datavest Inc. represented the buyer, UIR, a private equity group. The 41,146-square-foot, two-story courthouse is located at 410 S. Cedar and encompasses an entire city block.
LITTLE ELM, TEXAS — The Weitzman Group has brokered the sale of The Village at Eldorado, a 59,820-square-foot neighborhood center located at 2831 W. Eldorado Parkway in Little Elm, bordering Frisco. The center's tenant roster includes CVS/pharmacy, Starbucks, Capital One Bank, Dickey's Barbeque Pit, Mooyah's Burgers, Pick Six Bar & Grill, The Marble Slab, The UPS Store, Mexigo and Orange Leaf Yogurt. Greg McDonald of The Weitzman Group represented the buyer, Marque Enterprises LLC, an investment group based in California. Joe Wojdowski of San Diego-based Epsteen & Associates also represented the buyer in the transaction. James Hancock of Dallas-based Sperry Van Ness | Hancock represented the seller, CMC LP.
EL PASO, TEXAS — Dallas-based Venture Commercial Real Estate arranged two lease transactions for retailers expanding into El Paso retail centers. Bryan Cornelius and Chris Corbin of Venture Commercial represented teen fashion retail rue21 in its 5,000-square-foot lease at El Paseo Marketplace, located at 1846 Joe Battle Blvd. The landlord, River Oaks Properties, was self-represented. The new rue21 will be the retailer's fourth store in El Paso. Additionally, Larry Leon and Ross McCook of Venture represented Jared, The Galleria of Jewelry in its 6,057-square-foot lease at The Fountains at Farah, a 600,000-square-foot open air lifestyle center, located at the northeast corner of Interstate 10 and Hawkins Boulevard. Leon and McCook worked alongside Herbert Prince and Stu Solomon of Pacific Realty Partners in representing the tenant. Walt Davis of Centergy Retail LLC represented the landlord.
