HOUSTON — EDGE Realty Partners and EDGE Capital Markets has arranged the acquisition of a four-property, 71,321-square-foot retail portfolio in west Houston totaling $15.8 million. Joshua Jacobs of EDGE Realty Partners represented the buyer, West Houston Retail, in the transaction. The seller and developer, Satya Inc., was self-represented by Gopal Bathija. The retail portfolio includes Briarforest Plaza at 133346 Briar Forest Drive, Coles Crossing at 24110 NW Freeway, Sandbridge Plaza at 1275 N. Eldridge Parkway and River Gate Center at 1125 Crab River Road.
DALLAS — The Dallas office of ARA led a brokerage team in the sale of a multi-state apartment portfolio totaling 1,397 units. The properties include The Vineyards in Katy (369 units), Estancia at Vista Ridge in Lake Lewisville (300 units), Stoneridge Farms in Nashville, Tenn. (364 units) and Sandstone Creek in Overland Park, Kan. (364 units). Brian O'Boyle of ARA's Dallas office led the ARA team that consisted of Scott Tyrone in the firm's Nashville office, David Oelfke in Houston and Mac Crowther in Kansas City, Kan. The team represented the seller, Columbus, Ga.-based Flournoy Development Co., in the transaction. Kansas City, Mo.-based JTL Real Estate Partners is the buyer.
HOUSTON — Marcus & Millichap has arranged the sale of the 96-unit Oakwood Manor, an apartment complex located at 611 W. Cavalcade in Houston. Juan Cuevas of Marcus & Millichap's Houston office represented the seller and the buyer, a private investor, in the transaction.
HOUSTON — Mikob Properties has retained Moody Rambin as the leasing agent for the 78,027-square-foot Eleven Five Eleven building, located at 11511 Katy Freeway in Houston's Energy Corridor submarket. Kurt Kistler of Moody Rambin will handle the leasing assignment.
RIO GRANDE CITY — The Rio Grande City Consolidated School District has signed Skanska USA to a $52 million construction contract for a 351,979-square-foot replacement high school on the northeast side of Rio Grande City. The new school will include administrative offices, a cafeteria, fine arts facilities, classrooms, career/technology center and a gymnasium. Skanska USA will break ground this month on the school, which is slated for a May 2014 completion.
AUSTIN — Charlotte, N.C.-based Crescent Resources has sold the 476-bed, fully occupied Circle West Campus in Austin for $46.8 million. The student housing community is located at the intersection of West 25th and Longview streets near the University of Texas. The community features a resort-style pool, tanning beds, covered parking, a community grilling area and a lounge.
SAN ANTONIO — Dallas-based MedProperties Capital Partners will expand its 45,733-square-foot South Texas Spine & Surgical Hospital, located at 18600 Hardy Oak Blvd. in San Antonio, by 8,690 square feet, a nearly 20 percent gain. The expansion includes nine new private patient rooms, a storage room, two critical care rooms and two observation rooms. Also, a new general storage room and an expanded nurses station will be added. Chicago-based National Surgical Hospitals handles operations for the property. Siemens Financial Services is providing construction financing for the project.
DALLAS — Harvey Energy has purchased a 10,000-square-foot office building, located at 1875 Laws St. in downtown Dallas. The property will serve as Harvey Energy's new corporate headquarters. Jayson Montoya of NAI Robert Lynn arranged the off-market transaction.
HOUSTON — Marcus & Millichap has brokered the sale of the 25-unit Westmoreland Apartments, located at 3619 Garrott St. in Houston. Sheri Carey of Marcus & Millichap's Houston office represented the seller, a partnership, and the buyer, a limited liability company, in the transaction. The apartment complex's list price was $1.2 million.
TULSA, OKLA. — Santa Fe, N.M.-based Rosemont Realty has acquired One Warren Place and Two Warren Place, the two largest suburban office buildings in Oklahoma. The two buildings are 96 percent leased and are located in the 52-acre Warren Place office complex at 6100 S. Yale in Tulsa. The 20-story One Warren Place spans 466,424 square feet, and the 19-story Two Warren Place spans 487,085 square feet. Rosemont purchased the two office towers from Parmenter Realty Partners. Rosemont Realty Services will provide asset management, leasing, sales and property management services for the office towers.