COLLEGE STATION, TEXAS — Cleveland, Ohio-based ka architecutre has finished the construction of the one-level, 400,000-square-foot renovation at Post Oak Mall in College Station. CBL & Associates Properties Inc. is the mall's developer, as well as its owner and manager. The new design includes an updated food court, new entrances, new flooring and lighting throughout the mall concourses, improved signage and a new logo.
HOUSTON — Coldwell Banker Commercial United, Realtors has arranged the sale of a 5,814-square-foot shopping center located at 12703 Alief Clodine in Houston. Mark McGinley of Coldwell Banker represented the seller, a federal credit union, in the transaction. Mohammed Ladjevardian of United Real Estate represented the buyer.
DALLAS — The Dallas office of HFF has arranged $250 million in financing for three Omni hotels totaling 1,339 rooms. The three hotels include the 614-room Omni Fort Worth at 1300 Houston St. in Fort Worth, the 378-room Omni Houston at 4 Riverway in Houston and the 347-room Omni Chicago at 676 N. Michigan Ave. in Chicago. Whitaker Johnson, John Bourret and Jim Curtin of HFF's Dallas office led the team that arranged the 15-year, fixed-rate loan through Prudential Mortgage Capital Co. The HFF team arranged the loan on behalf of the buyer, Omni Hotels Corp., a subsidiary of Irving-based TRT Holdings.
DALLAS — Canyon Capital Realty Advisors LLC has provided a $15 million mezzanine construction loan for the development of Sylvan | Thirty, a 6.34-acre mixed-use project in Dallas. The project will include 201 residential units and 49,134 square feet of retail space. Sylvan | Thirty will be located at the intersection of Interstate 30 and Sylvan Avenue. The development is pre-leased to Cox Farms Market, Matador Meat & Wine, Teiichi Fish Market, Pearl Cup Coffee and Sync Yoga. The borrower, a partnership between Ozxaca Interests LLC and Wood Partners, plans to complete the first retail building and initial phase of residential properties by the end of the year.
BROKEN ARROW, OKLA. — Johnson Capital has arranged a $4.2 million loan to refinance the Mayfair Shopping Center, a 64,935-square-foot shopping center, and a ground lease held by Arvest Bank in Broken Arrow, a suburb of Tulsa. Jason Pumpelly of Johnson Capital's Dallas office, along with Brett Patrick of the firm's Tulsa office, arranged the 10-year loan through Morgan Stanley. The loan has a 30-year amortization schedule and a fixed rate of mid 4-percent.
PLANO, TEXAS — Stream Realty Partners has arranged a new 20,481-square-foot lease for office space in Plano for Marquis Software Solutions. The office space is located at 5160 Tennyson at Denbury Park II in Plano. Denbury Park II is a three-story, 102,600-square-foot office building in Plano's Legacy submarket. Todd Noonan of Stream Realty represented the tenant in the lease transaction. Jeff Ellerman of CBRE represented the sublandlord, Denbury Resources Inc.
HOUSTON — Khoshbin Co. has awarded the leasing and marketing of two office buildings in Houston's North Belt submarket to Transwestern. The two office properties include a 181,647-square-foot, 10-story building at 10700 N. Freeway and a 213,777-square-foot, 12-story building at 333 N. Belt. Khoshbin plans to renovate the office buildings and modernize the building systems and management. Michelle Wogan, Dani Allison and Evelyn Ward of Transwestern's Houston office will market and lease the office buildings.
DALLAS — Healthcare Trust of America Inc. (HTA) has purchased Forest Park Tower, a 130,000-square-foot Class A medical office building in Dallas, for $48.7 million. Forest Park Tower was built in 2010 and is located on Forest Park Medical Center's campus. The property was fully leased to a mix of Forest Park and individual physician tenants. The acquisition was funded with proceeds raised through HTA's equity-at-the-market program.
HOUSTON — Buchanan Street Partners, in partnership with CarVal Investors, has acquired a 16-story office building, located at 2100 W. Loop South in Houston's Galleria submarket. The acquisition is Buchanan's third office acquisition in Houston, and second with CarVal Investors, in the last two years. The 165,399-square-foot property is 82 percent leased. Buchanan plans to invest new capital for leasing costs and property upgrades. The building's amenities include a seven-story parking structure, 24/7 security, after-hours card key access and an on-site deli.
HOUSTON — Marcus & Millichap has arranged the sale of Villa Monterrey, a 268-unit apartment complex located at 9445 Concourse Drive in Houston. The hotel's list price was $4 million. Jeffrey Fript of Marcus & Millichap's Houston office, along with Evan Kristol and Still Hunter III of the firm's Fort Lauderdale, Fla. office, represented the seller, a partnership, in the transaction. Fript also secured and represented the buyer, a private investor. The buyer plans to renovate the interior and exterior of the apartment complex.
