SUGAR LAND, TEXAS — Colliers International has secured the sale of the two-story, 15,543-square-foot Sweetwater Professional Plaza, an office property located at 4610 Sweetwater Blvd. in Sugar Land. The office property has been fully leased since its construction in 2002. Kolbe Curtice and Corbin Janssen of Colliers International represented the seller, Sweetwater Professional Plaza LP, in the transaction. Andy Hsu of AA Realty represented the buyer, 4610 Sweetwater LLC.
AUSTIN, TEXAS — The Houston office of Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged $22.26 million in acquisition financing for a 308-unit, Class A multifamily community located in Austin. The property is 99 percent occupied. Ray Driver III, Matt Franke and Ben Johnson of KDH arranged the loan through Great-West Life & Annuity on behalf of the borrower, a Canadian investor.
SAN ANTONIO — SRS Real Estate Partners has arranged the sale of a Chick-fil-A ground lease, located at 18310 Blanco Road in San Antonio. The property is located across from a Whole Foods and Super Target. Jason Middlebrook of SRS Real Estate Partners represented the seller in the transaction. The buyer was an out-of-state entity.
THE WOODLANDS, TEXAS — Stream Realty Partners, a real estate services, development and investment firm, has arranged a 12,481-square-foot office lease for Canada-based Savanna Energy Services at Research Forest Lakeside, Building 4 in The Woodlands. Building 4 is a 12-story, Class A office building located at 2445 Technology Forest Blvd. Anthony Squillante and Jeremy Hunt of Stream Realty represented the tenant in the lease transaction. The landlord, JD Warmack Woodlands Limited Partnership, was self-represented by James Warmack.
OKLAHOMA CITY AND KEMP, TEXAS — Haley Real Estate Group, an Omaha, Neb.-based investment firm, has acquired four multifamily communities for $51.2 million, including Park Place Apartments in Oklahoma City and The Hamlins at Cedar Creek Lake in Kemp. The company plans to invest approximately $12.4 million in capital improvements for the communities. Park Place Apartments includes 223 units and is adjacent to the Oklahoma State Capitol. The Hamlins at Cedar Creek Lake features 208 units, a fitness center, swimming pool, media room, business/conference center, dog park and a playground. The acquisition also included Oakbrook Apartments in Jackson, Miss., and Nantucket Harbor in Shreveport, La.
HOUSTON — Prologis Inc. has kicked off construction on two speculative distribution facilities totaling more than 282,000 square feet at Prologis Park Northpark in Houston. The buildings are being constructed to LEED certification standards. At full build-out, Prologis Park Northpark will total 1.2 million square feet.
IRVING, TEXAS — The NAI Global Investment Services Group (NAI Global ISG), a division of NAI Robert Lynn, has brokered the sale of a 67,146-square-foot, single-tenant office building, located at 1630 Corporate Court in the Las Colinas submarket in Irving. Steve Wolff and Tim Feagans of NAI Global ISG represented the owner, Daymark Realty Advisors, in the transaction. Daymark Realty represented the Tenant In Common (TIC) entity, NNN Corporate Court LLC. Florida-based Siemens Enterprise Communications is the buyer.
HOUSTON — WesternGeco has signed a 554,365-square-foot lease for its North American office headquarters at 10001 Richmond Ave., a three-property office campus located in Houston's Westchase District. Mark Russell, Steve Biegel and David Endelman of Studley represented the tenant in the transaction. The landlord, an affiliate of Lexington Realty Trust, was self-represented by James Dudley, along with Dan Bellow of Jones Lang LaSalle.
LEWISVILLE, TEXAS — Essilor of America, an optical lens manufacturer, has signed a lease with Duke Realty Corp. for the 169,476-square-foot Waters Ridge II, an industrial property located at 501 E. Corporate Drive in Lewisville. Duke Realty is completing one of Essilor's requirements for the building to be 100 percent climate controlled. Essilor will use the property as a distribution center. Jean Russo of Cushman & Wakefield represented the tenant in the lease transaction. Duke Realty was self-represented by Curt Hefner.
PROSPER, TEXAS — Matthews Southwest, a Dallas-based development company, has purchased 157 acres of land, located at the corner of the Dallas North Tollway and U.S. Highway 380 in Prosper. The land will be the site of a regional mixed-use development, including more than 3 million square feet of retail, healthcare, office, hotel and entertainment space. Matthews Southwest has formed a public/private partnership with the town of Prosper for the development. The land is two separate tracts sold by the St. Clair family and Centurion American. Matthews Southwest was self-represented in the St. Clair tract purchase, and David Davidson Sr. of Davidson Realty Estate represented Matthews Southwest in the Centurion American tract purchase. Ray Utley of A. Ray Utley & Co. Realtors and John St. Clair of Henry S. Miller represented the St. Clair family. Ken Reimer, David Davidson Jr. and Edward Bogel of Venture Commercial represented Centurion American. Venture Commercial will assist Matthews Southwest in securing tenants for the property.
