HOUSTON — Marcus & Millichap has brokered the sale of the 25-unit Westmoreland Apartments, located at 3619 Garrott St. in Houston. Sheri Carey of Marcus & Millichap's Houston office represented the seller, a partnership, and the buyer, a limited liability company, in the transaction. The apartment complex's list price was $1.2 million.
TULSA, OKLA. — Santa Fe, N.M.-based Rosemont Realty has acquired One Warren Place and Two Warren Place, the two largest suburban office buildings in Oklahoma. The two buildings are 96 percent leased and are located in the 52-acre Warren Place office complex at 6100 S. Yale in Tulsa. The 20-story One Warren Place spans 466,424 square feet, and the 19-story Two Warren Place spans 487,085 square feet. Rosemont purchased the two office towers from Parmenter Realty Partners. Rosemont Realty Services will provide asset management, leasing, sales and property management services for the office towers.
HOUSTON — Charlotte, N.C.-based Crescent Resources has acquired 993 acres in northeast Houston for a new master-planned community, which will include 2,259 single family houses, 540 multifamily units, 50 acres for retail/commercial use and a 40-acre site for a future school that will be part of the Humble Independent School District. Development is slated to begin next year and Phase I of the single family homesites is expected to finish in mid-2014.
ADDISON — AMC Theatres has partnered with Lincoln Property Co. and the Retail Connection to bring a new theater to the redevelopment of Village on the Parkway in Addison. The AMC Village on the Parkway 9 is slated to break ground in the spring of 2013 and open in 2014. The new theater will offer a MacGuffins bar, several outposts serving concessions and every seat is a leather recliner. The redevelopment of Village on the Parkway includes a Whole Foods location slated to open in 2013.
SAN ANTONIO — Sports SA Holdings has retained Transwestern's San Antonio office to provide property management and leasing services for the 128,347-square-foot Texas Center for Athletes, a Class A, four-story medical office building located at 21 Spurs Lane in the South Texas Medical Center in San Antonio. The property includes a surgery center, various medical specialties, a pharmacy, therapeutic spa and a deli. Tenants of the center include The Center for Special Surgery, High Performance Pharmacy, South Texas Radiology, Herb & Pickle Deli, Hand Center of San Antonio, Sports Medicine Associates, Stadia Spa, Texas Plastic Surgery, The Ear Medical Group, Roger Macias, Jr. DDS, Vestibular Rehab Specialists, Global Sleep Technologies, Ophthalmology & Ophthalmic Surgery, Impact Physicians of Texas, Texas IPS, Advanced Spine & Pain, Orthopaedic & Spine Institute Chronic Pain Management Center, DJ Ortho/MedEx PSI, OSI Medical Centers Aesthetics & Vascular Center and Heart & Vascular Institute of Texas. Russell Noll, Alan Grillette, Ken Adams and Kathy Nielsen of Transwestern will provide property management services for the center. Amber Austin and 'Licia Shreves of Transwestern will provide leasing services.
FORT WORTH — Marcus & Millichap has arranged the sale of a new 7-Eleven ground lease on a 35,102-square-foot site in Fort Worth. Vincent Knipp and Chance Hales of Marcus & Millichap's Fort Worth office represented the 1031 exchange buyer, a Texas-based partnership, in the transaction. The 7-Eleven is slated to open in mid-December.
PEARLAND — HCA Gulf Coast Division has plans to build a $71 million, 144,000-square-foot acute care hospital known as Pearland Medical Center. The 30-bed hospital will be located on a 48-acre site at the intersection of Highway 288 and County Road 2234 in Pearland. The hospital will feature surgical suites, medical/surgical beds, intensive care beds, an emergency department and an imaging department. The hospital's women's services include digital mammography, labor/delivery suites, cesarean section operating rooms and a newborn nursery. HCA will break ground on the hospital in 2013 and the hospital is slated for a late 2014 delivery.
LEWISVILLE — Broadstone Net Lease has acquired a 10,060-square-foot medical office building in Lewisville via a sale-leaseback transaction with My Dentist Holdings LLC. The lease term is 14 years on an absolute net basis. The acquisition was part of Broadstone Net Lease's recent acquisition of 21 net leased properties throughout the U.S. totaling approximately $38.8 million.
FORT WORTH — Summit Hotel Properties has purchased the 98-room Hilton Garden Inn in Forth Worth for $7.2 million. Summit expects to spend approximately $2.4 million in capital improvements for the hotel in the next 18 months, which Summit will fund with available cash and additional borrowings from its senior secured revolving credit facility.
AUSTIN — Marcus & Millichap has arranged the sale of the 275-unit, 35,000-square-foot ABI Self Storage, located at 7320 E. Ben White Blvd. in Austin. Nicholas Ling of Marcus & Millichap's Austin office represented the seller and buyer, both limited liability companies, in the transaction.