SAN ANTONIO — NorthMarq Capital has secured $5.5 million in acquisition/senior financing for the 124-unit Hidden Oak Apartments, located at 13129 Military Hwy. NW in San Antonio. Luke Donahue of NorthMarq's Phoenix office arranged the 10-year loan with a 30-year amortization schedule through AmeriSphere Multifamily Finance, a Fannie Mae DUS Lender, on behalf of the borrower, Jevan Capital.
SPRING — Houston-based Hunington Properties has brokered the sale of the 12,600-square-foot Meadowedge Shopping Center, located at Interstate 45 and Cypresswood Dr. in Spring. The property is fully leased and shadow-anchored by Lowes Home Improvement. Todd Carlson of Hunington Properties represented the seller, a California-based private investor, in the transaction. Carlson will retain management and leasing responsibilities for the property.
DALLAS AND FORT WORTH — 7-Eleven has purchased the retail interests of 51 ExxonMobil locations in the greater Dallas/Fort Worth area. The majority of the stores will be rebranded as 7-Eleven stores but maintain the Exxon gasoline brand. The stores' rebranding is slated to be completed by the end of 2012.
WINDCREST — Dallas-based Stratford Land has acquired 111 acres of infill land, located at the northwest corner of Interstate Highway 35/410 North and Eisenhauer Road in Windcrest, a suburb of San Antonio. The site is called Eisenhauer Point and will house a mixed-use project, which will feature multifamily, retail, restaurant and entertainment properties. Steve Sanders of Stratford Land will oversee Eisenhauer Point's development.
DALLAS — The 170-room Stoneleigh Hotel & Spa, located at 2927 Maple Ave. in uptown Dallas, has become the newest member of the Luxe Hotels portfolio. The hotel will be known as The Luxe Stoneleigh Dallas Hotel & Spa in the second quarter of 2012. CAM Hospitality Management manages the property.
TEXAS AND OKLAHOMA — Conn's, a Dallas-based specialty electronics, appliance and furniture retailer, has plans to close five stores, located in Dallas (two), Houston, San Antonio and Edmond, Okla. After the closings, Conn's will have 64 total stores.
GRAND PRAIRIE — Bradford Commercial Real Estate Services has arranged a lease of a 92,500-square-foot industrial building, located at 1170-80 109th St. in Grand Prairie. Michael Spain of Bradford's Grand Prairie office and Jim Ferris of the firm's Dallas office represented the landlord, GP 1170 LLC, in the lease transaction. Lissa Cooke of Dallas-based Cooke Swaney & Cooke represented the tenant, NW Sign Industries.
DALLAS — NorthMarq Capital's Dallas office has arranged $136.36 million in permanent financing for the Diamond Student Housing Portfolio, a 1,852-unit collection of student housing properties near major university campuses in Texas Georgia, Alabama, Mississippi and Kansas. Stephen Whitehead of NorthMarq's Dallas office arranged the 5-year loan thorough Freddie Mac on behalf of the borrower, Diamond Realty Investments and Real Estate Capital Partners.
HOUSTON — McShane Healthcare Solutions has plans to develop a new 35,240-square-foot sports medicine and training facility, located in the Houston Amateur Sports Park at 12211 Kirby Dr. in Houston. The new facility will be built on behalf of Competitive Edge Sports (CES) and will include the Methodist Center for Sports Medicine and the new CES Performance facility. The Houston Dynamo, a Major League Soccer (MLS) team, plans to use the 5,125 square feet of the facility for training. The Methodist Center will be approximately 7,000 square feet and house the physicians for the Houston Texans, Houston Astros and Houston Dynamo. CES will lease 18,505 square feet of the facility. Houston-based Seeberger Architecture will provide architectural services and Cadence McShane Construction Co. will provide design/build construction services for the facility, which is slated for completion in July 2012.
HOUSTON — Noble Energy has signed a long-term lease to fully occupy a 497,000-square-foot office building, located at 20555 State Hwy. 249 in Houston. Noble Energy will consolidate its other Houston locations into the new building. The building is undergoing capital improvements to achieve LEED and Energy Star designations, and Kirksey Architecture is designing the renovations. Jim Arket and Mona Williams of Grubb & Ellis' Houston office represented the tenant in the lease transaction. A joint venture between Trammell Crow Co. and Principal Real Estate Investors own the building.
