Texas

HOUSTON — Ziegler Cooper Architects has completed the design of Willowick Park, a multifamily master-planned complex in central Houston featuring three types of high-end multifamily products in a single high-density, urban site. The individual projects will be tied together with tree-lined streets, elevated courtyards, motor courts and a central greenspace. The development will include three-story townhomes averaging 2,350 square feet, mid-rise apartments averaging 870 square feet and luxury, mid-rise apartments averaging 1,470 square feet. The project is slated to break ground in March. Ziegler Cooper is designing Willowick Park on behalf of the owner, Martin Fein Interests.

FacebookTwitterLinkedinEmail

OKLAHOMA CITY — The 225-room Courtyard by Marriott Oklahoma City Downtown, located adjacent to historic Bricktown at 2 W. Reno Ave. in Oklahoma City, has undergone a $2 million renovation of its guest rooms and meeting spaces. The facelift included a new paint palette for the rooms, plush carpet, new furnishings and HDTVs in all rooms. The hotel is expected to undergo Phase II of its renovation in August. Phase II will include a stylish lobby, a 57-inch LCD TV GoBoard with touch screen, media booths, lounge, local library, coffee bar, nighttime bar and a Starbucks location. John Q. Hammons Hotels & Resorts owns and operates the eight-story hotel.

FacebookTwitterLinkedinEmail

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of The Shoppes at Brownstone, a 8,110-square-foot retail property located at 2410 W. Abram St. in Arlington. The retail property is fully leased to tenants such as Sugar Bee Sweets, Patty's Pantry, Oro Fino Custom Jewelry, Healthy Solutions, Derma Spa and Zen Salon. Chris Gainey and Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, Pennington Family LP, in the transaction. Mercer Lacy LLC purchased the property.

FacebookTwitterLinkedinEmail

DALLAS — Hill & Wilkinson will construct a $53.25 million, 235,000-square-foot student housing living/learning center at The University of Texas at Dallas (UT Dallas). HKS Architects Inc. designed the facility and is seeking a LEED Silver certification. The facility will provide housing for 600 students and will include a central dining facility for all five residence halls on campus. The project will also include a 25,000-square-foot gym, multi-purpose classroom space, a breakfast/snack bar, laundry facilities and lounge areas. Hill & Wilkinson previously constructed the Student Services Building at UT Dallas, which was LEED Platinum certified.

FacebookTwitterLinkedinEmail

BIXBY, OKLA. — Wheeler Real Estate Investment Trust Inc. has a contract to purchase the 75,000-square-foot Bixby Commons, a freestanding retail property in Bixby, for $10.6 million. The purchase price equates to approximately $141.33 per square foot. The property is stabilized by a 20-year, triple-net lease with Associated Wholesale Grocers Inc., which subleases the property to Reasor's Goods. The lease will expire in 2033 and has four, five-year options to renew.

FacebookTwitterLinkedinEmail

COMMERCE, TEXAS — Satterfield & Pontikes Construction has begun to construct 29,000 square feet of additional space to the Sam Rayburn Student Center on the campus of Texas A&M University in Commerce. The two-phase, $7 million project will accommodate the growing student population. Phase I will double the first-floor dining hall to approximately 700 seats and will open in January 2014. Phase II will double the space on the second floor for meeting rooms and student services. The second phase is scheduled for a May 2014 completion. Dallas-based VAI Architects will provide architectural services, Dallas-based Pacheco Koch will provide civil engineering services and San Antonio-based Jaster-Quintanilla will provide structural engineering services.

FacebookTwitterLinkedinEmail

IRVING, TEXAS — Quality Technology Services (QTS) has purchased a 700,000-square-foot former semiconductor plant in the Las Colinas submarket of Irving with plans to convert the facility into a data center. The plant sits on a 40-acre campus, which allows the facility to more than double its footprint. The site will be brought on line in phases, and tenants will be added as early as first quarter 2014. Jones Lang LaSalle represented QTS in the transaction. ATREG Inc., in coordination with Citadel Partners, represented the seller.

FacebookTwitterLinkedinEmail

SAN ANTONIO — NorthMarq Capital has arranged $8.25 million in first mortgage refinancing for the 216-unit Wolfe Run Apartments, located at 8602 Cinnamon Creek in San Antonio. Robert Ranieri of NorthMarq arranged the 10-year loan to amortize over 30 years through Freddie Mac on behalf of the borrower, Wolfe Run Associates Limited Partnership.

FacebookTwitterLinkedinEmail

DALLAS — Colliers International North Texas has arranged the sale of two office buildings in Uptown Dallas totaling 188,893 square feet. The two office buildings are 3500 Oak Lawn and 4245 North Central Expressway. Creighton Stark and Ben Lurie of Colliers represented both the buyer, Caddo Holdings LLC, and the seller, California-based M West, in the transaction.

FacebookTwitterLinkedinEmail