THE WOODLANDS, TEXAS — Post Oak Bank, N.A. has signed a 4,355-square-foot lease with The Woodlands Development Co. for space on the first floor of One Hughes Landing in The Woodlands. One Hughes Landing is a 197,000-square-foot Class A office building and is the first office building to be constructed at Hughes Landing, a 66-acre mixed-use development. The office building, currently under construction, is 30 percent pre-leased. Gensler designed the building to achieve LEED Silver certification. Post Oak Bank is a locally owned community bank with more than $650 million in assets. Robert Parsley and Norman Munoz of Colliers International represented The Woodlands Development Co. in the lease transaction. Rand Mason of McAlpine Interests represented Post Oak Bank.
Texas
HOUSTON — Colliers International has arranged the sale of a 19,006-square-foot office building, located at 1712 Pease St. in Houston. The property's asking price was $4.8 million. Sara McMurray of Sara McMurray Interests represented the buyer, Marion Montgomery Properties Inc., in the transaction. Ashley Yoder and Walker Ryan of Colliers represented the seller, CAS Group LLC.
AUSTIN, TEXAS — OnRamp, an Austin-based data center operations company, plans to build a 42,000-square-foot data center in Austin. The new data center will be OnRamp's second Austin facility. The new data center is scheduled to open at the end of the year. OnRamp is working with Square One Consultants to oversee the design, development and construction of the facility.
IRVING, TEXAS — Nautilus Hyosung America, an international manufacturer of ATMs, has added 75,154 square feet of office and warehouse space at its U.S. headquarters at Parc 114 in Irving. The lease transaction more than doubles the tenant's space at the development totaling 137,044 square feet, making it Parc 114's largest tenant. The development is now 88 percent leased. Nautilus Hyosung will occupy its new space in the spring. Jackson-Shaw and ORIX Capital Markets formed a joint venture to develop Parc 114. Kurt North of North Pointe Commercial Realty represented the tenant in the lease transaction. Blake Kendrick of Stream Realty represented the landlord.
HOUSTON — Transwestern's Houston office has been awarded the leasing and marketing assignment for a planned, 32-acre office park in Houston's Energy Corridor. The 3 million-square-foot park is an investment of CORE Real Estate, a Houston-based office developer. The site is located adjacent to MD Anderson's 34-acre medical campus in west Houston. David Baker and Eric Anderson of Transwestern will market and lease the property.
GRAPEVINE, TEXAS — The Weitzman Group has been named the exclusive agent to market pad sites at Silver Lakes Crossing, a mixed-use development under construction on a 52-acre site along State Highway 26 near State Highway 121 in Grapevine. Blake Shipp, Matt Baisch and Hank Wright of The Weitzman Group's Commercial Retail Division will handle the project's retail marketing. Silver Lakes Crossing will include two hotels (Courtyard and Towneplace Suites by Marriott), 46,500 square feet of restaurant space, a 5,800-square-foot gas station, office space, retail space, multifamily units and a six-acre lake with 1,700 square feet of lake side frontage.
THE WOODLANDS, TEXAS — The Woodlands-based D'Agostino Cos. plans to commence construction of the 75,000-square-foot Vision Park Plaza, a speculative office development located at 128 Vision Park Blvd. in The Woodlands. Brown McGregor Architects designed the glass office building and Metzger Construction will build it. Vision Park is scheduled to break ground in the second quarter of 2013 and the building will house tenants in early first quarter 2014. Kristen Rabel and Steve Rocher of CBRE will handle Vision Park's leasing efforts.
COLLEYVILLE, TEXAS — Whole Foods Market is set to be the anchor tenant of Village Park at Colleyville with a 40,000-square-foot store. Village Park is a 190,664-square-foot shopping center located at the southeast corner of Glade Road and Highway 26 in Colleyville. Centennial Real Estate Co., owner of Village Park at Colleyville, plans to extensively renovate the center and adapt the space for Whole Foods' early-to-mid 2014 opening. The space formerly housed an Albertson's location.
HOUSTON — Stream Realty Partners has completed the $7.5 million renovation of 515 Post Oak Boulevard, a 273,000-square-foot Class A office building located in Houston's Galleria submarket. The renovation project included updating the grand entrance, modernizing the elevator lobbies, updating flooring and finishes, remodeling the open atrium on the second and third floors, upgrading restrooms, increasing the building's square footage by 12,585 square feet, installing two new cooling towers, updating the energy management system and renovating garage access with a wider entrance and new lighting. Stream Realty relocated its Houston office to the 11th floor of the office building in April 2012. Stream Realty provides leasing services for 515 Post Oak on behalf of the owner, Wells Real Estate Investment Trust II.
BETHESDA, MD. — Bethesda-based Beech Street Capital LLC has closed FHA 232/223(f) loans totaling $34 million to refinance five skilled nursing facilities in Texas totaling 627 beds. The facilities include the McAllen Nursing Center, Greenville Health and Rehabilitation, Courtyard Convalescent Center, Mesquite Tree Nursing Center and Prairie House Living Center. John Rosen of Beech Street originated the loans on behalf of the principals, which own 82 skilled nursing facilities in eight states. The fixed-rate loans have terms of either 30 or 35 years.