THE WOODLANDS — HFF has closed the sale of the 145,580-square-foot 2001 Timberloch, an office building located in the mixed-use development Town Center in The Woodlands. The property is fully leased to Repsol USA and Entergy Services. Dan Miller and Trent Agnew of HFF represented the seller, CalSTRS, which was advised by CBRE Global Investors, in the transaction. The buyer was Principal Real Estate Investors.
HOUSTON — Gaia Real Estate has purchased two apartment communities in the Houston area totaling 708 units. The two properties are the 408-unit Steeples Apartments and the 300-unit Township Apartments. Steeples Apartments features a 24-hour fitness center, two pools, walk-in closets, laundry facilities and covered parking. Township Apartments features a fitness center, two pools, sports courts, a playground and an outdoor barbecue station. Gaia recently opened an office in Dallas to oversee its Texas portfolio, which now includes 23 properties.
IRVING — Marcus & Millichap has arranged the sale of the 195-unit Woodside Villas, an apartment community located at 3429 W. Rochelle Road in Irving. Bard Hoover and Nick Fluellen of Marcus & Millichap's Dallas office represented the buyer and seller, both limited liability companies, in the transaction.
DALLAS — Colliers International has closed the sale of a 337-acre industrial site in south Dallas' Inland Port area. The purchase includes the site as well as two rail easements. Tom Pearson, Chris Teesdale and Ward Richmond of Colliers represented the seller, Sherman-based American Bank of Texas, in the transaction.
DALLAS — RLG Consulting Engineers has expanded its headquarters to a full floor at the 57,505-square-foot La Sierra Office Building in north Dallas. RLG signed a lease renewal/expansion for the 15,173-square-foot third floor of the office building. Dave Besserer and Curt Linn of Bradford Commercial Real Estate Services represented the tenant in the lease transaction. The landlord is Fred Pakravan of Dallas.
DALLAS — HFF has arranged a $100 million, long-term loan for a portion of The Shops at Park Lane, a 1.2 million-square-foot mixed-use development in Dallas. The property consists of 600,000 square feet of retail, 340,000 square feet of office space and the 325-unit The Heights at Park Lane. Retail tenants include Whole Foods, Dick's Sporting Goods, Nordstrom Rack, Saks Off Fifth, Bloomingdale's — The Outlet Store, HomeGoods, Old Navy, Gordon Biersch and Grimaldi's Pizza. Office tenants include Kosmos Energy and the Art Institute of Dallas. Travis Anderson and Jim Curtin of HFF secured the loan through ING Investment Management on behalf of the borrower, Northwood Investors.
KATY — Eastgroup Properties has begun construction on a 30,000-square-foot build-to-suit headquarters facility for Welltec Americas, located at Merchants Way and Ravello Drive in Katy. The new facility will include a training facility for field engineers, technicians, maintenance and sales associates. Welltec worked with the Katy Area EDC for the development.
HOUSTON — Marcus & Millichap has brokered the sale of a 145-bed congregate care seniors housing facility, located at 2801 Gessner Road in west Houston's Spring Shadows area. Doug O'Toole of Marcus & Millichap represented the seller, MetroNational, in the transaction. The buyer of the non-performing asset was Signature Healthcare Services, which plans to reopen the 122,786-square-foot facility as a drug/rehabilitation hospital.
SAN ANTONIO — NAI REOC has arranged Sygma Network's lease renewal and expansion of 257,250 square feet of industrial space at Rittiman Industrial Park, a 1.18 million-square-foot industrial property located in San Antonio. John Turcotte of NAI REOC represented the landlord, Delaware-based DCT Rittiman, in the lease transaction.
HOUSTON — Toronto-based Avison Young has been selected to provide leasing services for a two-building office portfolio totaling 267,578 square feet in Houston. The portfolio includes a 100,352-square-foot property located at 110 Cypress Station Drive and the 167,226-square-foot Creekridge II, a three-story property located at 140 Cypress Station Drive. The owner of the portfolio is Sante Fe, N.M-based Rosemont Realty. Lee Jeane of Avison Young will handle the leasing and marketing services for both properties.