AUSTIN — Atlantic/Pacific Co.'s has rebranded the 256-unit Logan's Mill Apartments, located at 1912 E. William Cannon in Austin, to The Atlantic/Logan's Mill. The apartment community features a community clubhouse, carports, a business center, a 24-hour fitness center, a swimming pool and a waterscape two-tier pool with a fountain.
HOUSTON — Trammell Crow Co. has partnered with Prudential Real Estate Investors and The Morgan Group to sell the 253,000-square-foot Greenway Commons, a Class A super-regional power center located at 3838 Richmond Ave. in Houston. The property is currently 96 percent occupied by tenants including Costco Wholesale, LA Fitness, Iberia Bank, Buffalo Wild Wings, Panda Express and Memorial Hermann Healthcare System. Phoenix-based Cole Real Estate Investments purchased the property, and Houston-based CDA Architects designed the facility.
AUSTIN — Austin-based HTH Capital has been selected to lead the development of the 62,000-square-foot Midtown Medical Tower, a mixed-use property consisting of office space, medical office space and retail, located at the intersection of 38th Street and Lamar Boulevard in Austin. The property is more than 50 percent pre-leased to tenants such as Texas Orthopedics and Texas Perinatal Group. Completion is slated for early 2013.
AUSTIN — Irvine, Calif.-based Silverado Senior Living has teamed with Dallas-based Meridian Realty Advisors to develop the 45,000-square-foot Silverado Senior Living-Onion Creek, a memory care facility to be located on 5 acres at 1700 Onion Creek Pkwy. in Austin. The $12 million facility will be Silverado's eighth memory care facility in Texas. The new property is slated for a late 2012 completion.
DALLAS — Henry S. Miller Brokerage has arranged the sale of Las Brisas, located at 4203 Gilbert Ave., and the Villas at Bowser, located at 4330 Bowser Ave., two multifamily properties totaling 67 units, located in Dallas. Lane Kommer of Henry S. Miller's Dallas/Fort Worth office represented the seller, California REIT, Cityview, in the transaction. Grant Guest of Dallas-based Perry Guest Co. procured the buyer and will be handling construction of the interior and exterior renovations.
FORT WORTH — Marcus & Millichap has arranged the sale of the 33,120-square-foot Trail Lake Plaza, a retail center located at 5016 Trail Lake Dr. in Fort Worth. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transaction. Vincent Knipp, also of the firm's Fort Worth office, procured the buyers, a limited liability company and a private investor.
GALVESTON — St. Paul, Minn.-based AEI Capital Corp. has purchased a 12,900-square-foot PetSmart property, located in Galveston, for $2.42 million. The single-tenant property was purchased in an all-cash transaction from an undisclosed seller. The buyer was self-represented by Ian Harrison.
SAN ANTONIO — HFF has secured $4.55 million in refinancing for the 560-unit, 90,000-square-foot Austin Highway Self Storage, located west of the intersection of North Vandiver Road and Austin Highway in San Antonio. Colby Mueck and Aaron Swerdlin of HFF's Houston office arranged the 10-year, fixed-rate loan through RiverSource Investments on behalf of the borrower, Austin Highway Self Storage LTD.
DALLAS — Dallas-based U.S. Risk Insurance Group has moved its headquarters to a 41,800-square-foot space in One Lincoln Park, located at 8401 North Central Expressway in Dallas. Bill McClung, Mike Wyatt, Robbie Baty and Grant Pruitt of Cushman & Wakefield of Texas' Dallas office represented the tenant in the lease transaction. Chris Axley and Elliot Prieur of Lincoln Property Co.'s Dallas office represented the landlord, Lincoln Park Partnership.
IRVING — Irving-based FelCor Lodging Trust Inc. has agreed to sell six non-strategic hotels for $103 million to an undisclosed buyer, which has paid a $3.9 million deposit toward the purchase. After repayment of $73 million of secured debt and closing costs, FelCor expects to use the remaining $30 million to pay a portion of its accrued preferred dividends. The six hotels include the Holiday Inn San Antonio-Airport, as well as five other hotels in Florida, North Carolina and Minnesota. The transaction is slated to close in the second quarter of this year.