AUSTIN — The Weitzman Group has arranged the sale/leaseback of the 9,280-square-foot 3011 North Lamar Boulevard, a multi-tenant office building just north of The University of Texas' campus in Austin. Brad Bailey of The Weitzman Group's Austin office represented the buyer, a local family partnership, in the transaction.
DALLAS — Walker & Dunlop has provided $6 million in financing for the 357-unit Villas at Montierra, an affordable housing property located in Dallas. Walker & Dunlop arranged the 10-year loan with a 30-year amortization schedule. The property was 88 percent leased and features a playground, laundry facilities, a courtyard, picnic area with barbecue grills, mail center, access gates and two swimming pools.
IRVING — HFF has secured $75 million in refinancing for the 506-room Westin DFW Airport, located at 4545 W. John Carpenter Fwy. in Irving, less than 2 miles away from the Dallas/Fort Worth International Airport. Mike Tepedino and Michael Gigliotti of HFF's New York City office and John Bourret of the firm's Dallas office arranged the financing through J.P. Morgan Chase Bank on behalf of the borrowers, Investcorp International and The Procaccianti Group. The hotel features 38,000 square feet of meeting space, a business center, restaurant with bar and lounge, a fitness center and a heated outdoor pool.
EDINBURG — Austin-based Cielo Realty Partners has purchased a 60,000-square-foot office building, located at 2800 W. Trenton in Edinburg. The building is currently more than 80 percent occupied, most of which is leased to publicly traded companies, in addition to one U.S. Representative. Other tenants include New York Life and Molina Health Care. Daniel Galvan of McAllen-based Coldwell Banker Commercial-La Mansion represented the seller in the transaction. The buyer was self-represented.
MCALLEN — Sam's Club has opened a new, 139,000-square-foot store, located in the Valencia Marketplace at 7601 N. 10th St. in McAllen. The new store is expected to hire approximately 178 employees.
DALLAS — Englewood Cliffs, N.J.-based Deerwood Real Estate Capital has secured a $6.3 million loan for a 300-unit multifamily property, located in Dallas. David Rosenberg and Mark Silbersher of Deerwood arranged the 10-year loan with a 30-year amortization schedule.
DALLAS — Fort Worth-based Crescent Property Services has arranged more than 45,000 square feet of office space leases at the 1.1 million-square-foot The Crescent, an office tower located in Dallas' Uptown submarket. Stephens Inc. has leased approximately 27,000 square feet, while Deutsche Bank Securities renewed its 19,577-square-foot lease. Crescent was self-represented by Tony Click in both lease transactions. Marion Brady, Matt Craft and Campbell Henry of Jones Lang LaSalle's Dallas office represented Deutsche Bank Securities.
HOUSTON AND SAN ANTONIO — Dunkin' Donuts has signed a multi-store development agreement with three franchise groups to develop 25 new restaurants in Houston and San Antonio. 521 Interests plans to develop 16 restaurants in Houston, with the first restaurant planned to open in 2013 and the remainder by 2018. David Greenberg and Stephen David of 521 Interests will head the development. Rick Molina and Guy Ellison plan to develop five restaurants in San Antonio, with the first restaurant to open later this year and the remainder by 2016. Kishore Samtani plans to develop four restaurants in San Antonio, with the first restaurant to open in 2013 and the remainder by 2016.
FARMERS BRANCH — Northbrook, Ill.-based The Boulder Group has arranged the sale of a 40,000-square-foot single-tenant office building leased to Time Warner Cable, located at 14079 Senlac Dr. in Farmers Branch, for $4.82 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based partnership, in the transaction. The buyer was a high net worth individual. Time Warner Cable has 7 years remaining on its lease.
ARLINGTON — Houston-based Hartman Income REIT has purchased the 127,696-square-foot Cooper Street Shopping Center, located at Cooper Street and Interstate 20 in Arlington, from Regency Centers. Tenants of the shopping center include Home Depot, Office Max, America's largest K&G Men's Store and T.G.I. Friday's. Hartman purchased the property through an affiliate, Hartman Short Term Properties. The buyer was self-represented by Dave Wheeler and Julian Kwok.
