CORPUS CHRISTI — La Palmera, a 1 million-square-foot super-regional mall located in Corpus Christi, is adding four new tenants to its roster. LongHorn Steakhouse will open a 6,500-square-foot restaurant in 2013, which will also feature outdoor patio seating. Papaya opened a 6,350-square-foot location and Flip Flop Shops opened a kiosk near the food court. Pandora will also open a new 1,703-square-foot shop in time for the holiday shopping season.
SAN ANTONIO — Austin-based TRISUN Healthcare and Dallas-based Suntex Development have broken ground on Lakeside Assisted Living, a 56,500-square-foot assisted living and memory care facility that will be located at 8627 Lakeside Parkway in west San Antonio. The new facility will be located adjacent to TRISUN Care Center Lakeside, a skilled nursing and rehabilitation facility. The property will consist of 42 assisted living units and 18 memory care units. The facility is slated to open in the summer of 2013.
HOUSTON — HFF has brokered the sale of the 176,799-square-foot 777 Post Oak Boulevard, a nine-story office building located in Houston's Galleria/West Loop submarket. The property was renovated in 1998 and is fully leased. Robert Williamson and Rusty Tamlyn of HFF represented the seller, an institutional owner, in the transaction. Corby Chaffin of HFF also arranged acquisition financing on behalf of the buyer, an international investing real estate fund managed by Switzerland-based Credit Suisse AG. Washington, D.C.-base Lacy Ltd. advised Credit Suisse in the transaction.
CEDAR PARK — Marcus & Millichap has arranged the sale of New Hope Manor, a 114-bed skilled nursing facility located at 1623 W. New Hope Drive in Cedar Park. The list price of the property was $6.5 million. Rod Llanos of Marcus & Millichap's Houston office represented the seller, a developer, and the buyer, a limited liability company, in the transaction. The property was built in the 1990s.
SAN ANTONIO — Peloton Commercial Real Estate has arranged the sale of the 38,000-square-foot Brookhollow Atrium, an office building located at 1000 Central Parkway N. in San Antonio. Jason Adkinson and Scott Boynton of Peloton represented the seller in the transaction. Paul Fagan of San Antonio Commercial Advisors represented the buyer. Adkinson and Boynton brought the property to full occupancy prior to the sale.
COPPELL — NorthMarq Capital has secured $1.72 million in first mortgage refinancing for the 10,000-square-foot Denton Tap Plaza, an unanchored retail property located at State Highway 121 and Denton Tap in Coppell. Phillip Bankhead of NorthMarq's Dallas office arranged the 10-year loan with a 30-year amortization schedule through a CMBS lender.
TEXARKANA — Dallas-based Weis Builders has delivered the Texarkana Convention Center and the adjoining Hilton Garden Inn, Texarkana's first full-service hotel and convention center. The $17 million project provides 154 guest rooms and 25,000 square feet of event space. The hotel features a pool, whirlpool, fitness center, business center and full-service restaurant.
HOUSTON — Birmingham, Ala.-based Equity Resources has acquired the 276-unit Waterstone Apartments, located in Houston just outside of The Woodlands. The property was built in 2012 and is currently in lease-up. The community's amenities include a resort-style saltwater pool with a sundeck, a fitness center, poolside gourmet grilling area, Wi-Fi computer lounge, clubhouse/entertainment area, garages and privacy gates.
LAPORTE — Overland Distribution has extended and expanded its lease for a total of 206,368 square feet of industrial space at Port Crossing Commerce Center, located at 1701 S. 16th St. in LaPorte. The property features 30-foot ceiling heights, 60 exterior docks, trailer storage and access to a rail transloading yard. Greg Egan of Leasesquarefeet.com represented the tenant in the lease transaction. Gary Mabray and Mike Taetz of Colliers International represented the landlord, a joint venture between National Property Holdings and ML Realty Partners.
HOUSTON — The Houston office of Q10 Kinghorn, Driver, Hough & Co. has arranged $9.45 million in permanent financing for six transactions with StanCorp Financial Group in the third quarter. Five of the properties are located in the Houston MSA and the last one is located in Smyrna, Ga. The properties include two shopping centers, two multifamily communities, a medical office building and a self-storage facility.