CONROE — Dyer Holdings has purchased a 15-acre land tract in Conroe Industrial Park, located at 3105 Pollok Dr. in Conroe, and construction has commenced on a 65,000-square-foot office/warehouse facility at the site. John Ferruzzo, Chris Kugle and Dustin Gillioz of NAI Houston represented the buyer on the land purchase from the City of Conroe. Ferruzzo, Kugle and Gillioz also represented the buyer in the construction contract with Seattle-based KDW, the developer.
ADDISON — Marcus & Millichap has brokered the sale of the approximately 50,000-square-foot Midway Office Park, an office property located at 14665 Midway Rd. in Addison. Ron Hebert of Marcus & Millichap's Dallas office represented the seller, a financial institution, in the transaction. Midway Office Park is the corporate headquarters for Mattress Giant.
SAN ANTONIO — Boston-based UC Funding has structured and funded a $6.8 million bridge loan on the 211-unit Park at Colonnade and the 92-unit Calypso Apartment Homes, both garden-style apartment complexes located in San Antonio. Proceeds from the loan were used to acquire the property and provide the borrower with capital for improvements.
GARLAND — Frank & Frank have leased 75,229 square feet of warehouse space in Gateway East Business Center Building II, located at 4009 Distribution Dr. in Garland. Susan Singer of Bradford Commercial Real Estate Services' Dallas office represented the landlord, Northwestern Mutual Life Insurance, in the lease transaction. Adam Curran of Irving-based Mercer Co. represented the tenant.
HOUSTON — Cabot III, an entity of Boston-based Cabot Properties, has purchased a 111,197-square-foot distribution facility with multiple tenants, located at 9017 Pinemont Dr. in Houston. John Ferruzzo, Chris Caudill, Joel Michael and Jon Michael of NAI Houston represented the seller, Hempstead O'Connell, in the transaction. Dan Lawson of Proterra Properties' Dallas office represented the buyer.
ARLINGTON — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of a 65,000-square-foot warehouse, located at 840 N. Great Southwest Parkway in Arlington. Michael Spain of Bradford Commercial represented the buyer, Eight Forty Great Southwest Parkway, in the transaction. Scott Voelkel and Gordon Foster of Dallas-based Foster & Co. represented the seller.
HOUSTON — Freudenberg Immobilien Management and Sugar Land-based The Mathis Group have awarded Cadence McShane the expansion and interior renovation of a 45,000-square-foot headquarters facility, located at 10035 Brookriver Dr. in Houston, on behalf of EagleBurgmann Industries. The construction will include a new four-story addition and renovating private offices, workstations, conference rooms, a training room, testing laboratories, locker rooms and break rooms. The Mathis Group is providing construction management services and Houston-based Powers Brown Architecture is designing the project. Construction will begin in January and will reach completion in December 2012.
IRVING — BMC Capital has provided $2.97 million in refinancing a maturing CMBS loan for the 113-unit Irving Oaks Apartments, located at 1928 Rock Island Rd. in Irving. Barrett Linburg of BMC Capital's Dallas office arranged the 10-year loan with a 30-year amortization schedule.
DALLAS — CyrusOne has plans to reposition a 700,000-square-foot property that it owns on a 30-acre parcel of land in the suburb north of Dallas to become the largest data center facility in Texas. CyrusOne plans to construct the facility to provide 400,000 square feet of raised floor data center space and 60,000 square feet of office space. The new facility will be constructed to achieve LEED Platinum certification.
MAGNOLIA — Marcus & Millichap has arranged the $1.7 million sale of the 13,013-square-foot Magnolia Plaza, a retail center located at 18602 FM 1488 in Magnolia. James Bell of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction.