Texas

SATTERFIELD & PONTIKES BEGINS $7M EXPANSION OF TEXAS A&M STUDENT CENTER

by admin February 14, 2013

COMMERCE, TEXAS — Satterfield & Pontikes Construction has begun to construct 29,000 square feet of additional space to the Sam Rayburn Student Center on the campus of Texas A&M University in Commerce. The two-phase, $7 million project will accommodate the growing student population. Phase I will double the first-floor dining hall to approximately 700 seats and will open in January 2014. Phase II will double the space on the second floor for meeting rooms and student services. The second phase is scheduled for a May 2014 completion. Dallas-based VAI Architects will provide architectural services, Dallas-based Pacheco Koch will provide civil engineering services and San Antonio-based Jaster-Quintanilla will provide structural engineering services.

February 14, 2013

Texas

QTS BUYS 700,000 SF FACILITY FOR FUTURE DATA CENTER

by admin February 14, 2013

IRVING, TEXAS — Quality Technology Services (QTS) has purchased a 700,000-square-foot former semiconductor plant in the Las Colinas submarket of Irving with plans to convert the facility into a data center. The plant sits on a 40-acre campus, which allows the facility to more than double its footprint. The site will be brought on line in phases, and tenants will be added as early as first quarter 2014. Jones Lang LaSalle represented QTS in the transaction. ATREG Inc., in coordination with Citadel Partners, represented the seller.

February 14, 2013

Multifamily Texas

NORTHMARQ ARRANGES $8.25M MORTGAGE FOR WOLFE RUN APTS.

by admin February 14, 2013

SAN ANTONIO — NorthMarq Capital has arranged $8.25 million in first mortgage refinancing for the 216-unit Wolfe Run Apartments, located at 8602 Cinnamon Creek in San Antonio. Robert Ranieri of NorthMarq arranged the 10-year loan to amortize over 30 years through Freddie Mac on behalf of the borrower, Wolfe Run Associates Limited Partnership.

February 14, 2013

Office Texas

TWO UPTOWN DALLAS OFFICE BUILDINGS SELL

by admin February 13, 2013

DALLAS — Colliers International North Texas has arranged the sale of two office buildings in Uptown Dallas totaling 188,893 square feet. The two office buildings are 3500 Oak Lawn and 4245 North Central Expressway. Creighton Stark and Ben Lurie of Colliers represented both the buyer, Caddo Holdings LLC, and the seller, California-based M West, in the transaction.

February 13, 2013

Industrial Texas

CBRE ARRANGES SALE OF 288,000 SF INDUSTRIAL PROPERTY

by admin February 13, 2013

CARROLLTON, TEXAS — CBRE has brokered the sale of a 288,000-square-foot industrial property, located at 1800 Columbian Drive in Carrollton. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the seller, Clarion Partners, in the transaction. The buyer was Iron Mountain, the sole tenant of the property.

February 13, 2013

Multifamily Texas

ARA SECURES SALE OF MOUNTAIN SHADOW APTS. IN EL PASO

by admin February 13, 2013

EL PASO, TEXAS — ARA has brokered the sale of the Mountain Shadow Apartment Homes, located at 2500-2624 Morehead Ave. in El Paso. The Mountain Shadow development is a collection of apartment properties, including the 72-unit Mountain Shadows, the 28-unit Sun City and three single-family homes. The development features views of the Franklin Mountains, a swimming pool, four laundry facilities and picnic areas. The development is 94 percent occupied. Jeff Patterson and Kelly Witherspoon of ARA's Austin office represented the seller, a Colorado-based private investor, in the transaction. The buyer is a local, private investor.

February 13, 2013

Multifamily Texas

M&M BROKERS SALE OF ARCADIA PLACE IN SAN ANTONIO

by admin February 13, 2013

SAN ANTONIO — Marcus & Millichap has arranged the sale of the 16-unit Arcadia Place, a multifamily community located at 216 Arcadia Place in the Alamo Heights area of San Antonio. Zar Haro, Michael Moffit Jr. and Moses Siller of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was also a private investor.

February 13, 2013

Multifamily Texas

BLOOMFIELD CAPITAL CLOSES $3.3M APARTMENT BRIDGE LOAN

by admin February 13, 2013

HOUSTON — Birmingham, Mich.-based Bloomfield Capital has closed a $3.3 million senior bridge loan for the acquisition of a 240-unit apartment complex located in Houston. The borrower purchased the multifamily community through a short sale. The acquisition loan also includes a reserve for capital improvements in order to renovate vacant units.

February 13, 2013

Office Texas

COUSINS PURCHASES $232.6M INTEREST IN POST OAK CENTRAL

by admin February 12, 2013

HOUSTON — Atlanta-based Cousins Properties Inc. has purchased a 100 percent interest in Post Oak Central, a Class A office complex located in Houston's Galleria submarket, for $232.6 million. The complex is 92 percent leased to tenants such as Apache Corp., Stewart Information Services and GDF Suez. The LEED Gold-certified complex includes a conference center, ground-floor retail, a daycare and restaurants. The purchase also includes a two-acre development parcel with frontage along Post Oak Central Boulevard. Cousins Properties purchased the interest from institutional investors advised by J.P. Morgan Asset Management in an off-market transaction.

February 12, 2013

Industrial Texas

DICKSON FURNITURE OPENS NEW DISTRIBUTION CENTER

by admin February 12, 2013

HOUSTON — Houston-based Dickson Furniture has opened a new 100,000-square-foot distribution center, located at 6000 S. Loop E. in Houston. Dickson Furniture has experienced 50 percent larger inventory with dozens of new products and is expecting even greater growth in the near future. The company will begin delivering furniture from the facility immediately.

February 12, 2013

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