DALLAS — Preston Center Dance has signed a 7,000-square-foot lease at The Corner at Preston Center, a retail redevelopment project located at 6030 Luther Lane in Dallas. The landlord, Rosebriar Properties, was self-represented by Mackenzie Brittingham, Adam Sumrall, Ryan Stewart and Bill Hanks in the lease transaction. Chris Teesdale of Colliers International's Dallas office and Steve Rosenthal represented the tenant. Construction on the facility is expected to begin in March, and the new dance studio is slated to open on August 1, 2012.
DALLAS — Dallas-based KDC and Orlando, Fla.-based Estein & Associates USA have plans to develop a 400,000-square-foot, Class A office tower, located at the 75-acre Victory Park, a mixed-use center, in downtown Dallas. The 23-story property will feature eight floors of office space, 15 stories of parking, an upscale restaurant, a delicatessen and a fitness center. BOKA Powell will provide architectural services and design the property to achieve LEED certification. The office tower is slated for a late 2014 completion.
HOUSTON — Houston-based Highland Resources, Inc., has purchased the 100,875-square-foot 510 Bering, a six-story office tower located in Houston's San Felipe/Voss submarket. Highland was self-represented by Welden Johnston in the off-market transaction. David Schwarz and Tip Strickland of Grandbridge Real Estate Capital's Houston office represented the seller.
HOUSTON — Marcus & Millichap has arranged the $3 million sale of the 76-room Interstate Motor Lodge Houston, a hotel located at 13213 Interstate 10 E in Houston. Michael Yu, Rahul Bijlani and Eric Guerrero of Marcus & Millichap's Houston office represented the seller and procured the buyer in the transaction.
FARMERS BRANCH — Copart has plans to move its corporate headquarters from California to 53,126 square feet of office space in Centura Tower One, an office building located on the corner of Spring Valley and Dallas North Tollway in Farmers Branch. Dallas-based Minerva Real Estate represented the tenant in the lease transaction.
HOUSTON — Houston-based ICO Commercial has arranged a 33,260-square-foot lease of showroom and warehouse space, located at 9503 and 9505 Harwin Dr. in Houston. Los Angeles-based Discount King leased the property from the undisclosed landlord. Larry Indermuehle and Jane Holloway represented the landlord in the lease transaction.
COLLEYVILLE, MCKINNEY, MESQUITE AND VICTORIA — Dallas/Fort Worth-based Venture Commercial Real Estate has facilitated the sales of a standalone Market Street store, Stonebridge Ranch shopping center, Northcross Shopping Center and Galloway Crossing for approximately $41.8 million. Canada-based RioCan purchased the 72,617-square-foot standalone Market Street store, located in Colleyville, and the 88,552-square-foot Stonebridge Ranch shopping center, located in McKinney. RioCan purchased the retail properties from Uhlmann Offices for $29.9 million. John Zikos, Easley Waggoner, Amy Pjetrovic-Hunnicutt and Chris Booras of Venture Commercial represented the seller in the transaction. Sterling Organization will manage both properties. December Galloway LLC purchased the 59,425-square-foot Galloway Crossing, located at 2110 N. Galloway Ave. in Mesquite. The shopping center is 85 percent leased to tenants including H&R Block, Sylvan Learning Center and Dollar General. Chris Corbin and Bob Moore of Venture Commercial represented the buyer in the transaction. The seller was a special servicer. Venture Commercial will handle the leasing and management of the retail property. Dunhill Partners has purchased the 165,522-square-foot Northcross Shopping Center, located at 5201 Navarro St. in Victoria, from ANB Assets. Zikos and Booras represented the seller in the transaction. Nelson Billups and Alan Mann of Venture Commercial represented the buyer.
HOUSTON — Satterfield & Pontikes Construction (S&P) has completed the $9.4 million construction of a 52,600-square-foot building and a 9,500-square-foot gymnasium for Henry W. Grady Middle School, located at San Felipe Street and Sage Road in Houston's Galleria area. The addition includes classrooms, science labs, a commons area, a library, clinic, administrative offices, a music room, a theater and special education centers. Gensler provided architectural services for the project and Rice & Gardner Consultants served as the program manager.
SAN ANTONIO — Gold's Gym International has purchased 11 Spectrum Athletic Club locations in the San Antonio area. All 11 facilities will be rebranded under the Gold's Gym name but all Spectrum memberships will be honored. The acquisition brings the number of Gold's Gym locations in San Antonio to 20.
KATY — Dallas-based Main Event Entertainment has plans to open the 54,000-square-foot Main Event Katy, an entertainment destination that will be located in the 129-acre Katy Ranch Crossing in Katy. The new location will be the 11th Main Event and will feature bowling lanes, an indoor rope course, laser tag and an arcade. Katy Ranch Crossing is expected to commence construction in the first quarter of this year, and Main Event Katy is slated to open in late 2012.