Texas

$108M MEDICAL CENTER BREAKS GROUND IN DALLAS

by admin September 17, 2012

DALLAS — Methodist Dallas Medical Center has broken ground on the new six-story, $108 million Charles A Sammons Trauma and Critical Care Tower, located in Dallas. The 248,000-square-foot trauma and critical care center will include 58 emergency room beds, six trauma suites, eight surgical suites and a 36-bed critical care unit. The hospital will also have the ability to expand to 11 stories for future growth. The construction will be supported by a $20 million BrightER campaign. Completion is slated for summer 2014.

September 17, 2012

TRANSWESTERN TO DEVELOP WESTGATE

by admin September 17, 2012

HOUSTON — Transwestern, through a joint venture with Denver-based Miller Global Properties, has purchased a 20.8-acre tract of land to develop Westgate, a 660,000-square-foot, Class A office project to be located in the Energy Corridor of Houston. The site has extensive frontage on the north side of Interstate 10. Westgate will consist of a four-story, 248,500-square-foot building; a four-story, 186,000-square-foot building; and a five-story, 225,500-square-foot building, each of which will have its own parking structure. The development is 67 percent pre-leased. EE Reed will be the project's general contractor, and Powers Brown Architecture will design the project to achieve LEED Silver certification. Carleton Riser, Sean Suffel and Mark Miller of Transwestern are spearheading the design and development of the project. Jeff Peden and David Cook of Cushman & Wakefield represented the seller, Hearst Corp., in the land transaction. Transwestern was self-represented.

September 17, 2012

Office Texas

M&M BROKERS OFFICE BUILDING SALE

by admin September 17, 2012

CORPUS CHRISTI — Marcus & Millichap has arranged the sale of a 12,080-square-foot office building, located at 438 Robert Drive in Corpus Christi. Jeff Smith of Marcus & Millichap's Corpus Christi office represented the seller, a limited liability company, in the transaction.

September 17, 2012

Mixed-Use Texas

JOHNSON CAPITAL ARRANGES $23M MIXED-USE LOAN

by admin September 17, 2012

AUSTIN — John Capital has secured a $23 million loan to refinance a 87,500-square-foot mixed-use development, located at 5th Street and Lamar in downtown Austin. The development also includes a four-level parking garage. The retail portion is leased by several tenants, including West Elm, and the office space is fully leased to HomeAway. Scott Monroe of Johnson Capital arranged the 10-year loan with a 30-year amortization schedule through a Wall Street conduit lender to refinance a construction loan.

September 17, 2012

Retail Texas

SPEC'S LEASES THREE TEXAS LOCATIONS

by admin September 17, 2012

HEBRON, THE COLONY AND LOWRY CROSSING — Houston-based Spec's Wine, Spirits & Finer Foods has leased locations in Hebron, The Colony and Lowry Crossing. The Hebron store, located at 2401 W. Parker Road, spans 12,000 square feet and is now open. Sam Gruner of Hank Dickerson Co. represented the landlord, One Emsee, in the lease transaction. The Colony store, located at the northeast corner of State Highway 121 and Blair Oaks, spans 20,000 square feet and is projected to open in the spring of 2013. Tommy Crowel of The Standridge Company represented the landlord, Memorial 121 Land, LTD. The Lowry Crossing store, located at 4100 E. State Highway 380, spans 14,261 square feet and also serves as the Spec's Collin County distribution facility. Gruner represented the landlord, Big Tex Lowry Crossing. Jeff Brand of Brand Capital Partners, along with Jody Detmore of SFP Brokerage, represented the tenant in all three lease transactions.

September 17, 2012

Civic Texas

S&P COMPLETES DALLAS MIDDLE SCHOOL

by admin September 14, 2012

DALLAS — Satterfield & Pontikes Construction has delivered the 184,000-square-foot Ann Richards Middle School, part of the Dallas Independent School District. PBK Architects designed the school according to Texas Collaborative for High Performance School standards, and implemented intelligent lighting controls, sunshades, a reflective roof and a geothermal heating and cooling system, which is expected to save 35 percent on utility bills. The school includes high-tech classrooms, computer labs, a football/softball field, tennis courts and an outdoor basketball court. The school serves approximately 1,250 students.

September 14, 2012

Retail Texas

TARANTINO PROPERTIES BROKERS SHOPPING CENTER SALE

by admin September 14, 2012

KILLEEN — Tarantino Properties has arranged the sale of the 58,300-square-foot Expressway Plaza, a shopping center located at 1500 Lowes Blvd. in Killeen. The property is currently fully leased. Nick Tarantino of Tarantino Properties' Austin office represented the seller in the transaction.

September 14, 2012

Multifamily Texas

W&D PROVIDES $4.75M LOAN FANNIE MAE MULTIFAMILY LOAN

by admin September 14, 2012

GRAPEVINE — Walker & Dunlop has provided $4.75 million in financing for the 223-unit Marina Del Ray Apartment Homes, a garden-style multifamily community located in Grapevine. The apartment complex is 95 percent occupied and features a clubhouse, swimming pool, laundry facilities and covered parking. Alex Inman of Walker & Dunlop led the team that provided the 10-year loan with a 30-year amortization schedule through Fannie Mae's Early Rate Lock Program.

September 14, 2012

Multifamily Texas

ALLIANT CAPITAL CLOSES $2.7M REFINANCE

by admin September 14, 2012

EL PASO — Alliant Capital has secured a $2.7 million refinance loan for the 116-unit El Pavon Apartments, a garden-style multifamily community located in El Paso. Jarett Blasberg of Alliant Capital arranged the 10-year loan with a 30-year amortization schedule at a fixed 3.83 percent.

September 14, 2012

Office Texas

TRANSWESTERN ARRANGES LEASE AT ELDRIDGE OAKS

by admin September 14, 2012

HOUSTON — Transwestern has brokered a 52,148-square-foot lease at the new, 350,000-square-foot Eldridge Oaks, a Class A office building located at 1080 Eldridge Parkway in Houston. Eric Anderson, David Baker and Paul Wittorf represented the landlord, Cornerstone Real Estate Advisors, in the lease transaction. Mark O'Donnell of Studley represented the tenant, Houston-based IHI E&C International Corp.

September 14, 2012

Newer Posts

Older Posts