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.
LUBBOCK — Beech Street Capital has funded a $6.3 million Fannie Mae ARM 7-6 loan for the refinancing of the 232-unit Canyon Crossing, a multifamily property located in Lubbock. Jacob Katz of Meridian Capital Group's Bethesda, Md., office arranged the 7-year loan with 2 years of interest only and a 30-year amortization schedule through Beech Street.
THE WOODLANDS — HFF has secured financing and joint venture equity for the 256-unit Forest View and the 216-unit Timbermill, two multifamily communities located at 4545 S. Panther Creek Dr. and 1481 Sawdust Rd., respectively, in The Woodlands. Cortney Cole of HFF's Houston office arranged the Freddie Mac loans with 7-year terms and 4 years interest only on behalf of the borrower, Venterra Realty. A fund managed by Boston-based BayNorth Capital is providing the joint venture equity for both properties.
SUGAR LAND — HFF has arranged the sale of the 111,675-square-foot First Colony Marketplace, a neighborhood shopping center located at 4610 Hwy. 6 S. in Sugar Land. The property is fully leased to tenants including Smoothie King, Sears Hardware, 99 Cents Only and Fitness Connection. Rusty Tamlyn and Ryan West of HFF's Houston office represented the seller, CAP First Colony, in the transaction. Fidelis Realty Partners is the buyer.
ARLINGTON — W.W. Grainger has acquired a 60,500-square-foot showroom/warehouse, located at 2251 E. Division St. in Arlington. Renee Efimoff of Arlington-based SCM Real Estate Services represented the seller in the transaction. The buyer was self-represented.
FRISCO AND SAN ANTONIO — Dallas-based UCR Investment Sales has brokered the sale of the 10,417-square-foot Starbucks & Verizon Shops in Frisco and the 13,956-square-foot Canyon Creek shopping center in San Antonio. Starbucks & Verizon Shops includes tenants such as Starbucks, Verizon Wireless, The UPS Store and Allstate. Canyon Creek includes tenants such as Navy Federal Credit Union, Scottrade, The Strand Salon, Hometown Flooring, Cigar Warehouse and Delice Chocolate. Tommy Tucker of UCR Investment Sales represented the undisclosed sellers of both properties.