FRISCO — A 120-room Holiday Inn, located at 3400 Parkwood Blvd. in Frisco, has been sold in an all-cash transaction. Chris Gomes of Marcus & Millichap's Dallas office and Allan Miller of the firm's San Antonio office represented the seller, United Central Bank of Dallas, in the transaction. Michael Yu and Rahul Bijlani of Marcus & Millichap's Houston office procured the buyer.
ROANOKE — Colliers International has arranged a 603,050-square-foot lease for a warehouse facility, located at 300 Gateway Pkwy. in Roanoke. Lynn Reich and Allen Gump of Colliers represented the tenant, DSC Logistics, in the lease transaction. Eric Rutledge of Cushman & Wakefield represented the landlord, 300 Gateway Parkway LP.
WAXAHACHIE — Mohrle-Morris & Associates has secured $3.5 million in first mortgage refinancing for the 150-unit Victorian Square Apartments, located at 1831 John Arden Dr. in Waxahachie. Mike Brandenberger of Mohrle-Morris arranged the 10-year loan with a 25-year amortization schedule through Southern Farm Bureau Life Insurance Co. on behalf of the borrower, Swiss/M Two LP.
CARROLLTON — Brook Furniture Rental has moved its metropolitan Dallas showroom to a 43,000-square-foot facility, located at 2100 Luna Rd., Ste. 100 in Carrollton. The new property is twice as big as the original location. Conrad Madsen of Lee & Associates represented the tenant in the multi-year lease transaction. The landlord, Billingsley Co., was self-represented by Carter Crow.
AUSTIN — ARA has arranged the sale of the 178-unit Lantern Hill, a 1960s vintage apartment complex located at 1550/1501 Reagan Hill Dr. in Austin. The garden-style property is currently 95 percent occupied. Andrew Shih of ARA's Austin office represented the seller, a California-based investor in a 1031 exchange, in the transaction. San Diego, Calif.-based Quez Capital purchased the property, which is their second apartment acquisition in Austin. Quez is planning on replacing the roof, landscaping the property and installing a new playground. Austin-based Green Bank provided acquisition financing for the transaction.
AUSTIN — The Weitzman Group has brokered the sale of the 10,500-square-foot Sunset Plaza, a neighborhood retail center located at 8774 W. Adams Ave. in Austin. Brad Bailey and Logan Reichle of Weitzman's Central Texas office represented the seller, an Austin-based development company, in the transaction. The buyer was a Temple-based investor. Sunset Plaza is fully leased to tenants such as Anytime Fitness, Sol de Jalisco Mexican restaurant, Best Cuts and Insurance Network of Texas.
FORT WORTH — Arbor Commercial Funding has provided $11.55 million in acquisition financing for the 784-unit Ladera Palms, a multifamily property located at 4500 Campus Dr. in Fort Worth. The Fannie Mae DUS loan has a 10-year term and a 30-year amortization schedule. The property features six in-ground swimming pools, a playground, a basketball court, a fitness center and three tennis courts.
HOUSTON — HFF has arranged a $10 million refinancing for the 59,873-square-foot 610 & San Felipe Shopping Center, located at the northeast corner of Loop 610 and San Felipe Street in Houston. Robert Wooten of HFF arranged the 20-year, fixed-rate loan through Lincoln Financial Group on behalf of the borrower, 610 & San Felipe, Inc. The fully leased property is anchored by Ashley Furniture and includes tenants such as David's Bridal, Starbucks, Antone's and Jack in the Box.
HOUSTON — Avison Young has signed an agreement with Irvine, Calif.-based The Khoshbin Company to provide marketing and leasing services for two Houston office properties: the 213,777-square-foot 333 North Belt and the 181,647-square-foot Towerpark North. The North Belt property is located at 333 N. Sam Houston Pkwy. E. and Towerpark North is located at 10700 N. Freeway.
DALLAS — Beck Ventures has purchased the 1.65 million-square-foot Valley View Center, a regional mall located at the intersection of Preston Road and LBJ Freeway in Dallas, to be part of a $2 billion mixed-use project known as Dallas Midtown. Jack Crews, John Alvarado and Evan Stone of Jones Lang LaSalle represented the seller, LNR Partners, in the transaction.
