Texas

BROOKDALE COMPLETES TOWERS AT WILLIAMS SQUARE ACQUISITION

by admin January 13, 2012

IRVING — Atlanta-based The Brookdale Group has closed on its acquisition of the 1.4 million-square-foot Towers at Williams Square, an office complex comprised of four Class A buildings located at 5125 N. O'Connor Blvd. in Irving. The Brookdale Group purchased the property through Brookdale Investors Six, the firm's sixth real estate investment fund. The property consists of a 26-story office building, two 14-story office buildings and a five-story building, and it sits on a 16-acre property that fronts Lake Carolyn.

January 13, 2012

TWO OFFICE BUILDINGS TO BE BUILT IN THE WOODLANDS

by admin January 13, 2012

THE WOODLANDS — The J. Beard Real Estate Co. has brokered the sale of a 2.11-acre tract, located in the Village of Alden Bridge at the intersection of Ginger Jar and Kuykendahl Road in The Woodlands. Alden Land Development, a private partnership, purchased the land from The Woodlands Land Development. Two 10,000-square-foot office buildings will be constructed on the site by Everson Developments. The buildings are slated for a August 2012 completion and J. Beard is handling the marketing, sales and leasing of the office buildings.

January 13, 2012

Retail Texas

M&M BROKERS $9.49 MILLION SALE OF WOODBRIDGE SHOPPING CENTER

by admin January 13, 2012

SUGAR LAND — Marcus & Millichap has arranged the $9.49 million sale of the 96,623-square-foot Woodbridge Shopping Center, located at 11543-11581 State Hwy. 6 S. in Sugar Land. James Bell of Marcus & Millichap's Houston office represented the seller, a partnership, and procured the buyer, a REIT, in the transaction. Woodbridge Shopping Center is anchored by Kroger on a long-term ground lease.

January 13, 2012

Multifamily Texas

NORTHMARQ ARRANGES $16.3 MILLION MORTGAGE FOR INDIGO POINTE

by admin January 13, 2012

GRAND PRAIRIE — NorthMarq Capital has secured $16.3 million in first mortgage financing for the 300-unit Indigo Pointe, a multifamily community located in Grand Prairie. Jeff Frankel of NorthMarq's Chicago office arranged the 4-year loan through a correspondent life insurance company.

January 13, 2012

Texas

TARANTINO PROPERTIES RECEIVES 8 PROPERTY LEASING ASSIGNMENTS

by admin January 13, 2012

HOUSTON — Tarantino Properties has new leasing assignments for eight properties in Houston totaling 206,118 square feet, including four office buildings, three retail centers and a flex/industrial property. Two of the office buildings are medical office buildings, which consist of Doctor's Hospital-Tidwell Medical Plaza at 509 W. Tidwell Rd. and Baker Road Professional Building at 1010 Baker Rd. in Baytown. The other office properties are Chase Bank Lakeside at 10411 Westheimer Rd. and Westpark Office Building at 23804 FM 1093. The retail centers include Rich Hill Shopping Center at 3201-3235 Hillcroft Ave.; 3610 Hillcroft Ave.; and 5805-5821 Bellaire Blvd. The industrial property is located at 8600 Westpark.

January 13, 2012

Hospitality Texas

PREI, LODGING CAPITAL ACQUIRE AUSTIN FOUR SEASONS

by admin January 12, 2012

AUSTIN — In a new joint venture, Prudential Real Estate Investors (PREI) and Lodging Capital Partners has acquired the 291-room Austin Four Seasons, a luxury hotel located at 98 San Jacinto Blvd. in downtown Austin. The hotel features amenities such as a lakeside spa, pool, lounge, fitness center and TRIO steakhouse.

January 12, 2012

Industrial Texas

STREAM TO BUILD DATA CENTER IN THE WOODLANDS

by admin January 12, 2012

THE WOODLANDS — Stream Data Centers has plans to construct a 72,500-square-foot data center on a 7.6-acre tract it recently acquired in The Woodlands. Stream is developing the property for LEED Gold certification and is naming it the Houston Private Data Center. Construction is slated to commence in February and be finished by December 2012.

January 12, 2012

Seniors Housing Texas

GROUND BREAKS ON ORCHARD PARK OF ODESSA

by admin January 12, 2012

ODESSA — Construction has commenced on the 75-unit Orchard Park of Odessa, an assisted living facility located at 8050 Dr. Emmitt Headlee St. in Odessa. The community is slated to open in the fall of 2012. The facility will be operated by North Carolina-based Meridian Senior Living.

January 12, 2012

Office Texas

SPERRY VAN NESS BROKERS $1.35 MILLION SALE OF METRO OFFICE PARK

by admin January 12, 2012

OKLAHOMA CITY — Sperry Van Ness/ William T. Strange & Associates has arranged the $1.35 million sale of the 60,654-square-foot Metro Office Park, a six-building office property located at 4300 Highline Blvd. in Oklahoma City. Zach Martin of Sperry Van Ness' Oklahoma City office represented the seller, G.D. Madden, in the transaction. Scott Pickens of Oklahoma City-based Total Realty Services represented the buyer, Appian Properties. The property has been on the market for more than 2 years and currently has approximately 30 percent occupancy.

January 12, 2012

Mixed-Use Texas

TALISMAN ENERGY LEASES SPACE AT RESEARCH FOREST LAKESIDE

by admin January 12, 2012

THE WOODLANDS — Talisman Energy, USA, has leased approximately 218,000 square feet of space in Buildings 2 and 4 in Research Forest Lakeside, a 1.8 million-square-foot master planned community located between Lake Woodlands Drive and Research Forest Drive in The Woodlands. Buildings 2 and 4 are currently under construction and are slated for a spring 2013 completion. Houston-based Harvey Builders is the contractor and ZC+O (a collaboration between Ziegler Cooper Architects and Odell Associates) designed the Building 2 to receive LEED-Silver certification and Building 4 to receive LEED-Gold certification. Additionally, Haynes Whaley is the structural engineer for the project, DBR, MEP and Jones Carter are the civil engineers and Clark Condon Associates is the landscape architect. Greg Cizik and Edward Edson of Colliers International's Houston office, along with David Harvey and Sharma Christi of the firm's Calgary office, represented the tenant in the transaction. JD Warmack LP is the owner/developer of the master planned community.

January 12, 2012

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