LEWISVILLE, TEXAS — Stream Realty Partners has arranged the sale of a 35,278-square-foot retail property, located at 1600 S. Stemmons Freeway in Lewisville. The property is fully occupied by Studio Movie Grill. Jamie Jennings, Ben Hautt, Keith Fisher and James Mantzuranis of Stream Realty Partners' Investment Sales team represented the seller in the transaction.
FRISCO, TEXAS — ARA has brokered the sale of the 208-unit Broadstone Stonebriar in Frisco. The Class A apartment community was built in 2010 and is currently 92 percent occupied. Brian O'Boyle, Sr., Brian O'Boyle, Jr., and Brian Murphy of ARA's Dallas office represented the seller in the transaction.
HOUSTON — Marcus & Millichap has arranged the sale of the 111,824-square-foot Huntington Village Shopping Center, located at 12605 Bissonnet in Houston. The shopping center's list price was $6.65 million. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, Brixmor Properties, in the transaction.
PLANO, TEXAS — Jones Lang LaSalle has brokered the sale of a 32,262-square-foot office building, located at 6101 W. Plano Parkway in Plano. The buyer, Starkey Mortgage, will use the office building as its new corporate headquarters. Steve Thelen and Stephen Holley represented the buyer in the transaction. Michael Bowles of John Bowles Co. represented the seller.
BETHESDA, MD. — Bethesda-based Beech Street Capital has arranged $15 million in Fannie Mae DUS loans to refinance a four-apartment portfolio in Dallas, San Antonio, Austin and San Angelo. The apartment communities total 625 units and include Solarium Apartments in the Dallas MSA, Village Green Apartments in Austin, Encino Park Apartments in San Angelo and La Calera Apartments in San Antonio. Larry Sneathern of Beech Street's Dallas office originated the transactions. The fixed-rate loans have 10-year terms and will amortize over 30 years.
LEWISVILLE, TEXAS — The Weitzman Group and Cencor Realty Services have been assigned to lease and manage the 315,008-square-foot Lakepointe Crossing Shopping Center in Lewisville. The shopping center, located at State Highway 121 and Interstate 35 East, is shadow-anchored by Garden Ridge. The shopping center's tenants include Academy Sports + Outdoors, Toys “R” Us, Conn's, Pier 1 Imports and David's Bridal. Austin Schenkel and Matt Baisch of The Weitzman Group will handle the center's leasing efforts, while Stephanie Burgess of Cencor is the center's property manager.
SAN ANTONIO — Marcus & Millichap has brokered the sale of the 60,521-square-foot Carillon Hills Shopping Center, located at 5805-5889 Babcock Road in northwest San Antonio. Dollar Tree is the shopping center's anchor tenant. Stephen Berchelmann and Chad Knibbe of Marcus & Millichap's San Antonio office represented the seller in the transaction. Knibbe and Bethany Babcock, also of Marcus & Millichap's San Antonio office, secured the buyer.
THE WOODLANDS, TEXAS — Don and Arlena McLaughlin have purchased a 1.71-acre site for a 12,000-square-foot Primrose School in the forthcoming Creekside Park Village Center in The Woodlands. The McLaughlins purchased the site from The Woodlands Development Co. (TWDC), a wholly owned subsidiary of The Howard Hughes Corp. Construction is expected to begin in March and wrap up by the fall, in time for the 2013-2014 school year. The school will be the third Primrose School in The Woodlands and the fifth overall. The new school is anticipating hiring 36 staff members. The Primrose Schools serve children from six weeks to kindergarten and offer after-school care and summer camps. The tenant was self-represented by Don McLaughlin in the transaction. Todd Edmonds of Colliers International represented TWDC.
CEDAR PARK, TEXAS — TIG Real Estate Services has selected Cadence McShane Construction Co. to build Scottsdale Crossing Building One in Cedar Park. The facility is a light office/flex building totaling 27,500 square feet. The property is located at 5900 Highway 183A in TIG's Scottsdale Crossing Commerce Park in Cedar Park. Cadence McShane is slated to deliver the building in July. TIG Real Estate is handling the property's leasing and Studio 8 Architects is providing architectural services.
FORT WORTH, TEXAS — Arlington-based SkyWalker Property Partners has sold two historic office buildings, located at 215 and 219 S. Main St. in Fort Worth, after investing more than $350,000 in their restoration. An investment group known as 1915 South Main LLC, which is affiliated with JRH Partners, purchased the adjacent brick buildings. The buildings total 12,970 square feet and once served as a regional office for Illinois-based Greenlee Textron Inc. The buildings are primed for retail or office use and sit blocks away from downtown Fort Worth. The new owner is seeking tenants for the buildings, which sit on a lot with two parking areas, totaling 47 spaces. Blake Lloyd of CBRE represented the buyer in the transaction.