SAN ANTONIO — San Antonio-based 4M Realty has brokered the sale of a 42,074-square-foot industrial building, located at 1103 S. Frio St. in San Antonio. Michael Weiss and Sandi Leone of 4M Realty represented the buyer, Bexar County, Texas, in the transaction. The seller was St. Vincent de Paul of the Archdiocese of San Antonio.
ADDISON — Dallas-based Behringer Harvard has broken ground on Allegro II, the 121-unit second phase of the 272-unit Allegro, a multifamily community located at 15750 Spectrum Dr. in the 70-acre Addison Circle mixed-use development in Addison. Allegro II will feature brushed nickel hardware, stainless steel appliances, granite countertops, private patios/balconies and full-size washers and dryers. Completion is slated for third quarter of 2012.
CONROE — Coldwell Banker Commercial United Realtors has brokered the sale of a 70,000-square-foot shopping center, located at 700 W. Davis in Conroe. Mark McGinley of Coldwell Banker's Houston office represented the buyer, Petereit's Conroe Center, in the transaction. Charlene Nickson of ACC Realty's Houston office represented the seller, Conroe Income Investors.
ARLINGTON — Grubb & Ellis has arranged the lease renewal of 120,847 square feet of office space, located at 4300 Centreway in Arlington. Heather Densmore Shover and Chris Wright of Grubb & Ellis' Dallas office represented the landlord, Wells REIT II, in the lease transaction. Frank Ricca and Todd Burnette of Jones Lang LaSalle's Fort Worth office and Matthew Ruffing of the firm's Stamford, Conn., office represented the tenant, Aetna Life Insurance Co.
HOUSTON — Houston-based Mattress Firm has opened a new 1,700-square-foot store, located in the Houston Galleria Mall in Houston. The new store marks Mattress Firm's 73rd store in the Houston area.
TULSA, OKLA. — Atlanta-based ARA has opened a new office in Tulsa, which marks the company's 25th office. ARA has selected Brandon Lamb, former founding principal of CrossCap Investment, to head the new operation. The new office is located at 7131 Riverside Pkwy. in Tulsa.
SOUTH PADRE ISLAND — New Braunfels-based Schlitterbahn has plans to open a 221-room, beachfront indoor waterpark hotel known as Schlitterbahn Beach Resort in South Padre Island. The hotel will feature retail, restaurants and an indoor/outdoor convertible waterpark. Phase I of the development is slated to open summer 2012. The hotel will operate year-round.
PLANO — A branch of Chase Bank, located at 161 W. Spring Creek Pkwy. in Plano, has been sold for $2.95 million. Alvin Mansour San Diego, Calif.-based The Mansour Group of Marcus & Millichap represented the seller, a local developer, in the transaction. The buyer was a private trust in a 1031 exchange.
KINGWOOD — Love Funding has secured $6.64 million in refinancing for the Rosemont Assisted Living and Memory Care center in Kingwood. Brian Robertson of Love Funding's St. Louis office arranged the 35-year loan through HUD's 232/223(a)(7) LEAN program.
HUMBLE — Dallas-based Net Realty Advisors has arranged the sale of a 8,000-square-foot freestanding retail property leased to Family Dollar, located at 10803 Will Clayton Pkwy. in Humble. Family Dollar has recently signed a 10-year lease at the location. Gavin Kam and Brad Kam of Net Realty Advisors represented the West Coast-based buyer in the transaction.