HURST — Marcus & Millichap has brokered the sale of the 77-unit Dakota Place, a multifamily property located at 450 E. Hurst Blvd. in Hurst. Boyan Radic and Mason Green of Marcus & Millichap's Fort Worth office represented both parties, both limited liability companies, in the transaction. A local bank financed the acquisition of the property, which was 98 percent occupied at the close of escrow.
NORTH RICHLAND HILLS — Woodcrest LP has purchased the 33,000-square-foot Tarrant Parkway Plaza, a shopping center located at the intersection of North Tarrant Parkway and Davis Boulevard in North Richland Hills. Eddie Liebman of The Weitzman Group's Dallas office represented the seller, LNR Partners, in the transaction.
LANCASTER — Dallas-based Hudson Peters Commercial has brokered the sale of a 18,301-square-foot retail center, located at 404 N. Interstate 35 in Lancaster. Michelle Hudson with Hudson Peters Commercial represented the buyer, a local investor, in the transaction. Jason Vitorino of Marcus & Millichap's Dallas office represented the seller, Lancaster Venture No. One.
FARMERS BRANCH — Lee & Associates has arranged the sale of a 10,400-square-foot industrial property, located at 13700 Diplomat Dr. in Farmers Branch. Mark Graybill and Donnie Rohde of Lee & Associates' Dallas office represented the seller, Jambros Partners Limited, in the transaction. The buyer was Smooth-On.
GARLAND — Dallas-based BMC Capital has arranged a $1.1 million acquisition and capital improvement loan for a 108-unit multifamily property, located on West Walnut Road in Garland. Barrett Linburg of BMC Capital arranged the loan for the Class C property. Marcus & Millichap brokered the sale of the property.
HOUSTON — California Credit Union has acquired 507, 519 and 523 N. Sam Houston Parkway E. buildings, located in the Sam Houston Plaza Business Park near the intersection of Interstate 45 and Sam Houston Parkway in Houston's Greenspoint submarket. The properties comprise 235,794 square feet of office space. Houston-based Moody Rambin Interests has been retained for property leasing and management services. Ann Woody will oversee the property management of the property and Terri Torregrossa will handle the property's leasing.
FORT WORTH — Homewood Suites by Hilton has opened a new four-story, 90-suite hotel, located at 6350 Overton Ridge Blvd. in Fort Worth. Platinum Hotels owns the hotel and Lodgestar Investments manages it. The new hotel features a fitness center, 24-hour business center, recreational activities and approximately 1,300 square feet of meeting space.
SAN ANGELO — Love Funding has arranged $14.5 million in construction and permanent financing for The Boulevard, a market-rate apartment complex in San Angelo. Chad Ricks of Love Funding's Dallas office arranged the loan through HUD's 221(d)(4) loan insurance program. The apartment project is the latest development for NE Development and will feature a clubhouse, business center and fitness center upon completion.
DALLAS — NorthMarq Capital has secured $3.55 million in first mortgage financing for the 55,411-square-foot Maplewood Retail, located at 2515 Inwood Road in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the 25-year, fully amortized loan through StanCorp Mortgage Investors.
PLANO — Plano Data has expanded its lease by 16,386 square feet for a total 116,376 square feet of office space at Plano Business Park, a 283,559-square-foot office complex located at the intersection of Shiloh Road and Plano Parkway in Plano. Other tenants in the complex include ND SatCom and Enterprise Mobile. George Tanghongs and Brett Lewis of Lee & Associates' Dallas office represented the tenant in the lease transaction. Alan Clark and Paul Tichacek of JSC Realty Services' Dallas office represented the landlord, KBS REIT II.
