FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of the 200-unit Beacon Hill, a multifamily community located in Fort Worth near Ridgmar Mall and the NAS Joint Reserve Base. The apartment community features two swimming pools, two laundry facilities and a stand-alone leasing office. Boyan Radic and Mason Green of Marcus & Millichap's Fort Worth office represented the seller, WS Beacon Hill Ltd., in the transaction. Samuel Herskovits of Marcus & Millichap's Dallas office secured and represented the buyer, a New York-based limited liability company.
Texas
ABILENE, TEXAS — Silver Oak Commercial Realty has brokered the sale of a 40,000-square-foot warehouse, located at 226 E. 7th St. in Abilene. Russ Webb of Silver Oak represented the seller, 7th Street Abilene Partners LLC, in the transaction. Tom Niblo of Senter Realtors represented the buyer, an investor.
DALLAS — Jones Lang LaSalle has secured a lease expansion at Galleria North Tower I, located at 13737 Noel Road in Dallas. The tenant, EmCare, expanded its lease by 26,891 square feet and now leases a total 109,863 square feet on the 12th and 13th floors. Carl Ewert and Brooke Armstrong of Jones Lang LaSalle represented the tenant in the lease transaction. Trey Smith and Chris Taylor of Cassidy Turley represented the landlord, FSP Galleria North.
HOUSTON — Colliers International will relocate its Houston location to 22,250 square feet of office space, occupying a full floor in the Park Towers North building at 1233 W. Loop South in the Galleria/West Loop submarket in Houston. Colliers International was self-represented by Jay Kyle, principal, in the lease transaction. Steven Seltzer of TPMC Realty Corp. represented the landlord, Post Oak Realty Investment Partners LP.
BAYTOWN, TEXAS — Marcus & Millichap has arranged the sale of Goose Creek Retirement Community, a 391,064-square-foot vacant hospital building located at 1101 Decker Drive in Baytown. Doug O'Toole and Rod Llanos of Marcus & Millichap's Houston office represented the seller, a financial institution, in the transaction. O'Toole also secured and represented the buyer, a limited liability company.
SUGAR LAND, TEXAS — Colliers International has secured the sale of the two-story, 15,543-square-foot Sweetwater Professional Plaza, an office property located at 4610 Sweetwater Blvd. in Sugar Land. The office property has been fully leased since its construction in 2002. Kolbe Curtice and Corbin Janssen of Colliers International represented the seller, Sweetwater Professional Plaza LP, in the transaction. Andy Hsu of AA Realty represented the buyer, 4610 Sweetwater LLC.
AUSTIN, TEXAS — The Houston office of Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged $22.26 million in acquisition financing for a 308-unit, Class A multifamily community located in Austin. The property is 99 percent occupied. Ray Driver III, Matt Franke and Ben Johnson of KDH arranged the loan through Great-West Life & Annuity on behalf of the borrower, a Canadian investor.
SAN ANTONIO — SRS Real Estate Partners has arranged the sale of a Chick-fil-A ground lease, located at 18310 Blanco Road in San Antonio. The property is located across from a Whole Foods and Super Target. Jason Middlebrook of SRS Real Estate Partners represented the seller in the transaction. The buyer was an out-of-state entity.
THE WOODLANDS, TEXAS — Stream Realty Partners, a real estate services, development and investment firm, has arranged a 12,481-square-foot office lease for Canada-based Savanna Energy Services at Research Forest Lakeside, Building 4 in The Woodlands. Building 4 is a 12-story, Class A office building located at 2445 Technology Forest Blvd. Anthony Squillante and Jeremy Hunt of Stream Realty represented the tenant in the lease transaction. The landlord, JD Warmack Woodlands Limited Partnership, was self-represented by James Warmack.
OKLAHOMA CITY AND KEMP, TEXAS — Haley Real Estate Group, an Omaha, Neb.-based investment firm, has acquired four multifamily communities for $51.2 million, including Park Place Apartments in Oklahoma City and The Hamlins at Cedar Creek Lake in Kemp. The company plans to invest approximately $12.4 million in capital improvements for the communities. Park Place Apartments includes 223 units and is adjacent to the Oklahoma State Capitol. The Hamlins at Cedar Creek Lake features 208 units, a fitness center, swimming pool, media room, business/conference center, dog park and a playground. The acquisition also included Oakbrook Apartments in Jackson, Miss., and Nantucket Harbor in Shreveport, La.