Texas

HOUSTON — Stream Realty Partners has commenced renovations of Thirty One Twenty, a 93,000-square-foot boutique office building in Houston's Greenway submarket. The office building is located at 3120 S.W. Freeway. Stream acquired the property in August 2012 in a joint venture partnership with American National Insurance Co. The renovations will include the replacement of the building's arched windows, modernization of elevator systems, expansion of the lobby area, installation of modern lighting and furniture in the lobby,addition of greenery and landscaping between the parking garage and main entrance, and installation of a new HVAC system. Clif Kennedy of Stream will manage construction for the project and Ziegler Cooper Architects is providing architectural and design services. Craig McKenna and Adam Jackson of Stream Realty provide leasing services for the property, which is 82 percent leased. Renovations are expected to wrap up in the fall.

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HOUSTON — CBRE has arranged the sale of three shopping centers in the Greater Houston area totaling 313,344 square feet. The properties include Northwest Village in Houston, Fairway Centre III in Pasadena and The Plazas at Grand Parkway in Katy. Northwest Village is a 189,968-square-foot community center that is 90 percent leased. Houston-based Gordon Partners purchased the center from Denver-based Baceline Investments. Fairway Centre III is a 103,876-square-foot power center fully leased by Sports Authority, Conn's and Office Depot. Fidelis Realty Partners purchased the center from Trammell Crow Co. David Aaronson and Jeff Stein of CBRE secured the equity and debt for the transaction through a life insurance company lender. The Plazas at Grand Parkway totals 19,5000 square feet and is 83 percent leased. Houston-based Vista Equities Group purchased the center from Wellesley Hills, Mass.-based Sun Life Assurance Co. Kevin Holland, Chris Cozby and Chris Gerard of CBRE's National Retail Investment Group represented the sellers in the three transactions.

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THE WOODLANDS, TEXAS — Marcus & Millichap has arranged the sale of the 85-room Fairfield Inn & Suites by Marriott, located at 24485 Interstate 45 in The Woodlands. Fairfield Inn is the closest hotel to the new ExxonMobil campus under construction. Michael Yu, Rahul Bijlani and Eric Guerrero of Marcus & Millichap's National Hospitality Group in Houston represented the seller, a Houston-based hotel developer. The buyer was an out-of-state hotel investor who owns multiple hotels across several states.

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ARLINGTON, TEXAS — Venture Commercial has secured a second location for antique mall owners Chris Sheidler and Betsy Sheidler. The 53,000-square-foot Cooper Street Antique Mall has opened for business at 4905 S. Cooper St. in Arlington. Christopher Gibbons, Ken Reimer and Katie Vance of Venture Commercial represented the Sheidlers in the lease transaction. John Zikos and Chris Booras, also of Venture, represented the landlord, Sams Dice Arlington LP.

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FORT WORTH, TEXAS — Centergy West 7th LP, a partnership managed by Centergy Retail, closed on approximately 30 acres of land on West 7th Street in Fort Worth. Centergy purchased the land from Chesapeake Land Development, which originally wanted to build a corporate campus at the site. Centergy is planning to construct a 2 million-square-foot mixed-use development on the lot, which will include retail, residential, office and hospitality components. The tract of land links the Fort Worth Central Business District to the Cultural Arts District.

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SAN ANTONIO — Ignite Restaurant Group has reopened its San Antonio River Walk Joe's Crab Shack location following a three-month renovation. The restaurant, located at 212 College St., has nearly doubled its footprint to 7,600 square feet following the renovation. The restaurant has the capacity to seat 252 guests at one time. Ignite owns and operates 130 Joe's Crab Shacks and 15 Brick House Tavern + Taps.

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MCKINNEY, TEXAS — Marcus & Millichap has arranged the sale of the 58-room Regency Inn McKinney, located at 951 S. Central Expressway in McKinney. The hotel's list price was $1.9 million. Michael Yu and Rahul Bijlani of Marcus & Millichap's National Hospitality Group, along with Tyler Bean of the firm's Fort Worth office, marketed the property on behalf of the seller, a partnership. Andrew Frosch of Marcus & Millichap's Houston office, along with Yu and Bijlani, secured and represented the buyer, a private investor.

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WEST LAKE HILLS, TEXAS — CBRE has secured the sale of 13 acres of land, located on Bee Cave Road in West Lake Hills, to Houston-based Belmont Village Senior Living. Colin Armstrong of CBRE Austin represented the seller in the transaction. Belmont Village broke ground at the site for a community called Belmont Village West Lake Hills with 141 private apartments. The facility is slated for a summer 2014 opening.

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SAN ANTONIO — Stream Realty Partners has arranged a 10,504-square-foot office lease at One Castle Hills, a 157,521-square-foot office property located in San Antonio's North Central submarket. Following this lease, One Castle Hills is 79 percent leased. Ryan Harrison of Stream Realty represented the landlord in the lease transaction. Ben Crawford of Jones Lang LaSalle represented the tenant, Webster University. Webster is a Tier 1, private, nonprofit university with more than 100 campuses across the country. Stream Realty also provides on-site property management for the facility.

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IRVING, TEXAS — UCR Investment Sales has brokered the sale of the 106,647-square-foot Central Park Shopping Center, a grocery-anchored development located at 1706 W. Irving Blvd. in Irving. Terry's Supermarket anchors the shopping center, which includes other tenants such as Auto Zone, Rent-A-Center, Family Dollar, H&R Block, Super Wash & Dry and Metro PCS. The shopping center is 86.5 percent leased. Tommy Tucker of UCR Investment Sales represented the out-of-state seller and procured the buyer, an investment group formed by Steve Gregory, Derek Ferem and the J. Evans Family Partnership.

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