DALLAS — Germany-based Victory Park UST Joint Venture I is partnering with Trademark Property Co. to plan and execute the redevelopment of its retail holdings in the southern district of Victory Park, a 75-acre mixed-use development located in downtown Dallas. Trademark will develop and implement a merchandising and leasing strategy for the ground floor retail space and undeveloped land along Victory Park Lane, the ground floor retail space in The Cirque and the 436,000-square foot One Victory Park, a 20-story Class A office building. The property is managed by Orlando, Fla.-based Estein & Associates USA.
Texas
HOUSTON — Investcorp has acquired an interest in four adjacent multifamily properties, located in the Copperfield master-planned community in northwest Houston. The four properties total 1,076 units and are currently 95 percent occupied. The portfolio has also recently undergone a $6 million renovation. The seller, MHP Investments, will retain an interest in the portfolio. Investcorp financed the transaction with 10-year, fixed-rate loan.
RICHARDSON — Institutional Property Advisors (IPA) has arranged the sale of the 440-unit AMLI at Breckinridge Point, a 426,390-square-foot luxury multifamily community located at 4250 E. Renner Road in Richardson. Will Balthrope and Drew Kile of IPA represented the seller, Chicago-based AMLI Residential Properties, in the transaction. Los Angeles-based JRK Property Holdings was the buyer. The property is currently 95 percent occupied. IPA is a recently formed multifamily brokerage division of Marcus & Millichap.
AUSTIN — Transwestern has secured refinancing for The Austonian, a 56-story high-rise residential tower located at 200 Congress Ave. in downtown Austin, 9 blocks from the State Capitol. Jan Sparks and Michael Snodgrass of Transwestern's Houston office arranged the financing on behalf of Grupo Villar Mir/Benchmark Development, operating as Second Congress, Ltd.
HOUSTON — Houston-based Hartman Income REIT has leased 25,506 square feet of office space, located at 11811 N. Freeway in Houston, to First Financial Group of America. Michelle Wogan, Evelyn Ward and Dani Allison of Transwestern represented the landlord in the 10-year lease transaction.
HOUSTON — DCT Industrial Trust has acquired the 98,000-square-foot DCT Claymoore Center, two Class A industrial properties located in Houston's Northwest submarket, in an off-market transaction. The properties are 95.8 percent leased, and this acquisition brings DCT Industrial's Houston portfolio to 3.5 million square feet.
SAN ANTONIO — Stream Realty Partners has arranged the sale of the 138,265-square-foot Centre Plaza, a nine-story office building located at 45 NE Loop 410 in San Antonio's North Central submarket. Keith Fisher, Pat Blasdell and Carolyn Shaw of Stream Realty represented the seller, TIC Properties Management, in the transaction. The buyer, Live Oak Gottesman, will manage the property and Stream Realty will handle the facility's leasing. The property is currently 62 percent leased.
HARLINGEN, WESLACO AND MCALLEN — Irving-based CEC Entertainment plans to open three 15,400-square-foot Chuck E. Cheese's locations in Harlingen, Weslaco and McAllen. The Harlingen location is slated to open in September in the Harlingen Corners shopping center. The Weslaco location is anticipated to break ground next in Valley Crossing Shopping Center. The McAllen location will be built at the northwest corner of 10th Street and Trenton Road. Dallas-based Ranger Retail Partners is serving as the exclusive tenant representative.
MOORE, OKLA. — Construction is under way for a new 60,000-square-foot Dick's Sporting Goods, located in Fritts Farm Shopping Center in Moore. The store is one of the four Dick's opening in the Oklahoma City area. Direct Development is developing the new store, which is slated to open in the fall. Target and Home Depot anchor Fritts Farm, which features tenants such as Raising Cane's, Lenscrafters, Qdoba Mexican Grill, Jersey Mike's, Orange Leaf Frozen Yogurt, Great Clips and Sprint.
DESOTO — Fort Worth-based Speed Fab-Crete has begun renovating the 24,633-square-foot Chuck Fairbanks Chevrolet dealership, located at 629 N. I-35 E. in DeSoto. Callahan & Freeman are performing construction and design services for the project, which will feature and sales and service facility. Renovations include new exterior paintwork, a new customer lounge, renovated service and reception drive and offices, updates to existing showrooms and display areas, new floor finishes and mechanical and electrical upgrades. Completion is slated for this July. The project is Speed Fab-Crete's 12th car dealership it has renovated in north Texas.