Texas

AUSTIN — Velocis has purchased West Woods Shopping Center and Springdale Shopping Center, two centers located in Austin totaling more than 350,000 square feet. The shopping centers are valued at approximately $60 million. The 189,340-square-foot West Woods is located at the intersection of Bee Caves Road and Walsh Tarlton Lane. The center is 97 percent leased to Stein Mart, Michael's, Petco and CVS/pharmacy, as well as a variety of local boutique shops. The 163,677-square-foot Springdale Shopping Center is located in northeast Austin near the new Mueller Airport redevelopment. H-E-B anchors the center, whose other tenants include Fashion Outlet, Carousel Pediatrics, Family Dollar and O'Reilly Auto Parts.

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CEDAR HILL — Uptown Village at Cedar Hill, a 615,000-square-foot shopping center located at 305 W. FM 1382 in Cedar Hill, has added new tenants to its roster. Recent store openings include Wet Seal, PS from Aeropostale, Crazy8, Kid's Foot Locker and Christopher's Menswear. Journeys and DXL Men's Apparel will open new stores in December as well. In 2013, Kay Jewelers and Massage Envy will open new stores. In addition, The MGHerring Group, owner of Uptown Village, has installed three Electronic Vehicle (EV) charging stations at Uptown Village. Cedar Hill is currently the only city with EV charging stations between Dallas and Houston.

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FRISCO — Hall Financial Group will soon begin construction of a 200,000-square-foot office building, located at 3001 Dallas Parkway in Hall Office Park in Frisco. The City of Frisco and the Frisco Economic Development Corp. provided development incentives for the project. The eight-story building will feature a two-story atrium lobby and exterior signage at the top of the building for one key tenant. The groundbreaking is scheduled for early 2013 and completion is slated for April 2104.

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FORT WORTH — Alliance Architects has been selected to provide architectural and design services for Tandy Leather Factory's flagship store, which will be located adjacent to Tandy's corporate headquarters in Fort Worth. The 21,000-square-foot property will feature meeting/teaching space on the lower level. Bob Moore Construction is providing general construction and construction management services. The project is slated for a March 2013 completion.

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SAN MARCOS — Hendricks & Partners has brokered the sale of Vantage at San Marcos apartments, a 240-unit, Class A community located at 1350 Saddler Drive in San Marcos. Mike Miller, Chris Ross and Will Caruth of Hendricks & Partners' San Antonio office represented the seller, San Antonio-based AOH-Vantage at San Marcos, in the transaction. The buyer was an out-of-state REIT.

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HOUSTON — Resurgent Capital Services has leased a full floor of office space at 2020 S. Dairy Ashford in Houston, totaling 17,287 square feet. Marshall Clinkscales of Colliers International represented the tenant in the lease transaction. D.A. Smith of Briarhollow Realty Group, along with Ted Carey of Realty Services Group, represented the landlord, DAP Plaza Ltd.

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WACO — Johnson Development has plans to develop a $16 million, 60,000-square-foot medical office facility on the campus of Providence Healthcare Network in Waco. The two-story facility will house family practice physicians, pediatricians and pediatric sub-specialists. The facility will also have capabilities for physical, speech and occupational therapy, imaging, lab and retail pharmacy space. Johnson Development expects to break ground on the facility this fall and to deliver by fall 2013.

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DALLAS — Marcus & Millichap has arranged the sale of the 798-unit Las Cascadas, a 599,160-square-foot apartment complex located at 9350 Skillman St. in northeast Dallas. Norman Eastwood and Tommy Lovell III of Marcus & Millichap's Dallas office represented the seller, a partnership based in California, in the transaction. Marcus & Millichap represented the buyer, a local partnership. The community features a swimming pool, sundeck, fitness center, picnic areas, playground and a sports court.

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