BRYAN — A joint venture between Orlando, Fla.-based Sentio Healthcare Properties and Dallas-based Caddis Partners has acquired the 114,583-square-foot Physicians Centre Medical Office Building, located at 3201 University Drive E. in Bryan, for $11.5 million. The property has a tenant roster of 32 primary care practices and is connected to The Physicians Centre Hospital.
DALLAS — Marcus & Millichap has arranged the sale of the 120-unit Quail Hollow, an apartment community located at 9666 Scyene Road in southeast Dallas. John Barker of Marcus & Millichap's Dallas office represented the seller, a private investor, in the transaction. The property is 95 percent occupied.
SOUTHLAKE — HFF has arranged $60 million in financing for the 310,711-square-foot Phase V of Southlake Town Square, an 840,288-square-foot, Class A lifestyle center located between Texas Highway 114 and Southlake Boulevard in Southlake. The mixed-use center has a roster of more than 150 tenants, which include Harkins Theatre, Cheesecake Factory, The Container Store, Banana Republic, Gap, Victoria's Secret and Brooks Brothers. Kevin MacKenzie and Jim Curtin of HFF arranged the 5-year loan through MetLife Real Estate Investments on behalf of the borrower, Retail Properties of America.
OKLAHOMA CITY — ARA has arranged the $77 million sale of The Lincoln at Central Park Apartments, a 708-unit community located at 500 Central Park Dr. in Oklahoma City. The property was built in two phases in 2007 and 2010 by the seller, Oklahoma City-based Gardner Tanenbaum Group, and sits on approximately 50 acres. Brian O'Boyle, Bart Wickard and Brandon Lamb of ARA represented the seller in the transaction.
DALLAS — A 92,000-square-foot medical office building, located at 10740 N. Central Expy. in Dallas, has been purchased for $25.5 million. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co. represented the seller, Texas Institute for Eyes, in the transaction and procured the buyer, California-based IRA Realty Capital.
EL PASO — Walmart will open a new 150,000-square-foot store, located at 5631 Dyer St. in El Paso, on Friday. The Walmart will be open 24 hours daily. The new store will feature a Subway restaurant, First Convenience Bank branch, a pharmacy, a digital processing center and full grocery options. The store will add approximately 300 jobs.
MISSION — Austin-based Linsalata Realty Services has brokered the sale of the 81,730-square-foot Stor Master Self Storage, a 600-unit self-storage facility located at 2545 E. Griffin Pkwy. in Mission. SPD Investments purchased the property, which included 2.6 acres of undeveloped land. Joe Linsalata of Linsalata Realty Services represented the seller. Tracy Taylor of Addison-based Watson and Taylor Self Storage represented the buyer in the transaction.
GARLAND — LA Fitness has signed a long-term lease to open a 45,000-square-foot facility, located at 1201 W. Centerville Rd. in Garland. The former Mervyn's building at that site is being razed. John Zikos, Jonathan Cooper and Chris Booras of Venture Commercial, along with Walt Brown and Tim Dollander of Diversified Partners, represented the tenant in the lease transaction. Jim Weir of The Retail Connection represented the landlord, Garland Eastgate II.
ARLINGTON — John T. Evans Co. has brokered the sale of the former Buck 'N' Loon's, an 11,000-square-foot, free-standing restaurant property, located at 3517 S. Cooper St. in Arlington. Mike Sandel and Craig Johnson of John T. Evans Co. represented the buyer, T&T Realty Corp., and the seller, Zions Bank, in the transaction.
FORT WORTH — Marcus & Millichap has arranged the sale of the 7,000-square-foot, net-leased Cash America Pawn, located near the intersection of McCart Avenue and Altamesa Boulevard in south Fort Worth. Vincent Knipp of Marcus & Millichap's Fort Worth office represented the seller, a Colorado-based limited liability company, in the transaction and procured the buyer, a local partnership.
