SAN MARCOS — NAI REOC Austin has brokered the sale of a 64,733-square-foot industrial property, located at 1000 Civic Center Loop in San Marcos. Jerry Heare of NAI REOC Austin, along with Garrett Gibson of Houston-based Gibson & Granello, represented the buyer, Houston-based DCV Development, in the transaction. The seller was SH Leggitt Co.
HOUSTON — Jones Lang LaSalle has arranged the lease of 21,688 square feet of industrial space, located at 2030 W. Sam Houston Pkwy. N. in Houston. Jarret Venghaus of Jones Lang LaSalle's Houston office represented the tenant, EIS Office Solutions, in the lease transaction. Ed Bane of Holt Lunsford Commercial's Houston office represented the landlord, Real Associates Fund VI.
DALLAS — Wood Partners has plans to commence construction of the 207-unit Alta West Davis, a low-rise apartment community located at 1836 W. Davis St. in the North Oak Cliff neighborhood of Dallas. Wood Partners is pursuing LEED-Silver certification on the project. The property will feature a fitness center, resort pool and bike shop with storage space, and selected units will feature faux wood and iPod docking stations with in-wall speakers. Wood Construction is the general contractor for the development and Good, Fulton & Farrell is the architectural firm. Construction is slated for completion in the first quarter of 2013.
DALLAS — Dallas-based Roofing Supply Group, a portfolio company of The Sterling Group, has acquired Seattle-based Intermountain Supply. Roofing Supply has 58 branches across 23 states and is expanding its presence into the Pacific Northwest with its acquisition of Intermountain Supply.
IRVING — Marcus & Millichap has arranged the $4.27 million sale of the 168-unit Britain Way, a multifamily property located at 1954 Shoaf Dr. in Irving. The buyer, a local developer, was awarded tax credits through the Texas Department of Housing and Community Affairs, which allows the buyer to invest approximately $70,000 per unit in improvements. The renovation is slated for a December 2012 completion, and the financing for project was arranged by the Department of Housing and Urban Development (HUD). Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a Texas-based partnership, and procured the buyer in the transaction.
IRVING — Libitzky Holding has purchased a 127,709-square-foot office building, located at 1212 Corporate Dr. in Irving. Gary Carr, Eric Mackey and Robert Hill of CBRE's Dallas office represented the seller, American National Bank, in the transaction.
CARROLLTON — Dallas-based CASE Commercial Real Estate Partners has brokered the sale of a 6,000-square-foot industrial property, located at 1800 Trinity Valley in Carrollton. The buyer, BKTN Development plans to use half the facility for its offices and the other half for storage. David Tuttle of CASE's Fort Worth office represented the buyer in the transaction. Joe Longest with Dallas-based Joe Longest Co. represented the seller, Metroplex General Assembly Hall.
DALLAS — M-M Properties has purchased the 1.2 million-square-foot Plaza of the Americas, a mixed-use property located in Dallas' Central Business District, in a partnership with a client of Dallas-based Invesco Real Estate. Plaza of the Americas features two 25-story office towers, a 12-story parking garage, a separately owned Marriott Hotel and 140,000 square feet of restaurants and shops. HFF's Dallas office arranged acquisition financing in the transaction and represented the seller. Dallas-based Peloton Commercial Real Estate has been retained as the exclusive leasing agent for the property and M-M will provide property management services.
AUSTIN — Houston-based GSL Welcome Group has acquired the 54,865-square-foot Tuscany Technology Center 4, an office property located at McShane's Tuscany Center at Walnut Creek at 8325 Tuscany Way in Austin. Walter Saad and Cathy Nabours of CBRE's Austin office, along with Todd Mills of the firm's San Antonio office, represented the seller, McShane Development Co., in the transaction. Jim Gibson of Stan Johnson Co.'s Houston office and Craig Tomlinson of the firm's Tulsa, Okla., office represented the buyer. Gila, LLC. has leased the single-story development, which features 24,500 square feet of office space and 30,365 square feet of call center, breakroom and storage space.
SAN ANTONIO — Marcus & Millichap has arranged the sale of the 40,800-square-foot Rilling Road Industrial, an industrial property located at 1303 Rilling Rd. in San Antonio. Joshua Swank of Marcus & Millichap's San Antonio office and Greg Gaynor of the firm's Austin office represented both the buyer and seller, both private investors, in the transaction.