LAKE WORTH — Cadence McShane has completed a second renovation and expansion of Lake Worth High School, located at 4210 Boat Club Rd. in Lake Worth. The construction project included the addition of 41 classrooms, two science laboratories, expanded cafeteria and kitchen facilities, practice and competition gymnasiums and upgraded locker rooms. WRA Architects designed the school on behalf of Lake Worth Independent School District.
SAN ANTONIO — St. Paul, Minn.-based Oak Grove Capital has originated financing for the 144-unit Emeritus at Amber Oaks, a seniors housing facility located in San Antonio. The transaction is part of a $17.9 million refinancing for three properties in the U.S., including Emeritus at Amber Oaks. The 30-year loan was arranged through HUD's 232/223(f) financing program.
MIDLAND AND ODESSA — Dallas-based Metropolitan Capital Advisors (MCA) has closed a $4.8 million bridge loan for the 170-unit Southwest Oaks apartment complex and a $3.25 million bridge loan for the 127-unit Summerhill apartment complex. The 132,500-square-foot Southwest Oaks is located at 4651 Oakwood Dr. and 1465 John Ben Sheppard Pkwy. in Odessa. The 106,250-square-foot Summerhill is located at 3001 N. Midland Dr. in Midland. Todd McNeil of MCA arranged both transactions on 1-year terms.
DALLAS — Jones Lang LaSalle arranged the lease of 32,028 square feet of office space at The Towers at Williams Square, located at 5215 N. O'Connor Blvd. in Dallas' Las Colinas submarket. Brad Selner and Andy Leatherman of Jones Lang LaSalle's Dallas office represented the tenant, The Ethos Group, in the lease transaction. Bill Brokaw of Cousins Properties' Dallas office represented the landlord, TIAA Realty, Inc.
DUNCAN, OKLA. — Hunter Realty has arranged the $7.5 million sale of the 78-room Hampton Inn, located off of U.S. Highway 81 in Duncan. Gary Mills of Hunter Realty's Dallas office represented the seller, Simran Hotels, in the transaction. The buyer was St. Louis-based Midas Hospitality. The deal includes a 1-acre parcel of land fronting the hotel.
DALLAS — Dallas-based Capstone Commercial Real Estate Group has brokered the sale of a 12,228-square-foot office/warehouse property, located at 4241 Sigma Rd. in Dallas. Larry Robbins of Capstone represented the undisclosed seller in the transaction. Nathan Malka of Dallas-based Gable Realty Group represented the buyer, a local investor.
GRAND PRAIRIE — B&E Industries has leased 72,865 square feet of office/warehouse space, located at 2895 133th St. in Grand Prairie. Michael Stanzel of NAI Robert Lynn's Dallas office represented the landlord, John Wilkerson, in the lease transaction. Shane Clark of Fort Worth-based PSC Consulting Services represented the tenant.
RICHMOND — Longhorn Excavators has sold 9,544 square feet of office/warehouse space, located at 8653 FM 2759 in Richmond, to Michael McGuire and Pamela McGuire. The McGuires will lease the property to WinSim Inc. Longhorn Excavators will move its operations to a 4,000-square-foot warehouse building, located at 1625 Cottonwood School in Rosenberg. Linda Scruton of RE/MAX represented the undisclosed landlord in the Rosenberg lease transaction. Glenn Nichols of Glenn Nichols Realty represented the buyer in the Richmond transaction. Jennifer Raymond with ICO Commercial represented Longhorn Excavators in both transactions.
DALLAS — H-E-B Central Market has opened its first small prototype store, a 30,000-square-foot facility, located at the Preston Oaks center at the intersection of Royal Lane and Preston Road in Dallas' Preston Hollow neighborhood. The store is the ninth Central Market store and the fifth in the Dallas/Fort Worth area. Fort Worth-based Trademark Property Co. owns the Preston Oaks center.
FORT WORTH — Dallas-based Bradford Commercial Real Estate Services has arranged a 15,545-square-foot industrial lease, located in Building 2 at 7873 S. Will Rogers Blvd. in Fort Worth. Nick Talley of Bradford Commercial represented the landlord, Carter Industrial Partners, in the lease transaction. Tyler Baucom of HGC Commercial Real Estate's Fort Worth office represented the tenant, Rubber & Gasket Co.
