SAN ANTONIO — MAA has purchased the 436-unit Haven at Blanco, an upscale multifamily community located at 15150 Blanco Road in San Antonio. Haven at Blanco's amenities include a private entrance gate, resort-style swimming pool with cabanas, heated spa and attached and detached garages.
CORPUS CHRISTI — Northern Tool + Equipment has signed a lease to open a 15,000-square-foot store, located at 4914 S. Padre Island Drive in Corpus Christi. Clay Mote of Venture Commercial represented the tenant in the lease transaction. Sharon Biles of Sabre Properties represented the landlord. Northern Tool + Equipment has more than 70 stores nationwide.
AUSTIN — American Campus Communities (ACC) has acquired The Block, a six-community off-campus student housing property consisting of 1,555 beds, located in the West Campus submarket. The property serves students attending The University of Texas at Austin. The Block was built in 2007-2008 and is currently 97 percent occupied. Each of the six communities that comprise The Block offers a parking garage, rooftop lounge, fitness center and a variety of floor plans. There is also a centralized community center featuring a game room, business center and pool with sun deck.
HOUSTON — The McShane Development Co./MetLife Real Estate Investments industrial development alliance has sold the 253,838-square-foot Guhn Road Distribution Center, located at 6535 Guhn Road in Houston. The facility is fully leased to Forum Energy Technologies. Rusty Tamlyn and Trent Agnew of HFF, along with Justin Robinson and Kyle Valentine of Stream Realty Partners, represented the seller in the transaction. The buyer is a commingled fund advised by Clarion Partners.
IRVING — Walker & Dunlop has arranged $9 million in acquisition financing for the 320-unit Glen Arbor Apartments, located in Irving. The garden-style apartment community is currently 95 percent occupied and features a clubhouse, fitness center, two swimming pools and three laundry facilities. Alex Inman of Walker & Dunlop arranged the 10-year loan with a 30-year amortization schedule through Fannie Mae's Early Rate Lock Program.
FORT WORTH — Marcus & Millichap Capital Corp. (MMCC) has arranged a $7.8 million loan for a 316-unit multifamily property in Fort Worth. The community is currently 94 percent occupied. Brian Adams of MMCC's Dallas office arranged the acquisition financing on a 10-year term with a 30-year amortization schedule.
COLLEGE STATION AND MARBLE FALLS — Duke Realty plans to develop two medical office buildings in College Station and Marble Falls for Scott & White Healthcare. Duke will develop a three-story, 66,500-square-foot Scott & White Specialty Care Clinic at the Wayne & Eileen Hurd Regional Medical Center at the intersection of U.S. Highway 281 and State Highway 71 in Marble Falls. The facility will house multiple primary care, urgent care and specialty/diagnostic clinics. Duke will also develop an adjacent 60-bed hospital. In addition, Duke will also develop a four-story, 120,000-square-foot College Station Clinic at the campus of a planned 143-bed acute care hospital at the intersection of State Highway 6 and Rock Prairie Road in College Station. The hospital will house OB/Gyn services, general surgery, orthopedic surgery, expanded rehabilitation/therapy services and a sleep center. The Marble Falls clinic is expected to open in the first quarter of 2013 and the adjacent hospital is slated for a fall 2014 opening. The College Station clinic is expected to be completed in the third quarter of 2013. Pasadena, Calif.-based Jacobs Engineering Group is designing both clinics, DPR Construction is the general contractor for the Marble Falls clinic and Kitchell Contractors is the general …
DALLAS — Greensboro, N.C.-based Bell Partners has acquired the 214-unit Alta 1900 Lofts, located in Dallas' Design District. The facility will be rebranded as Bell Design District. The amenities of the facility include a 24-hour fitness center, media center and a resort-style swimming pool with an underwater sound system. Bell has acquired more than $330 million in apartment properties in 2012. The purchase was made through Bell Apartment Funds IV.
PLANO AND FORT WORTH — Dallas-based Westmount Realty Capital has purchased the 45,805-square-foot Krona Business Park, located at 625 Krona Drive in Plano, and a 96,400-square-foot warehouse located at 1401-1424 Northpark Drive near downtown Fort Worth. The Plano facility is fully leased and the Fort Worth facility is 35 percent leased to four tenants. Westmount purchased the facilities in partnership with Tom Wiegand of Eastlake Partners.
AUSTIN — HFF has arranged the sale of the 324-unit, Class A Deerfield Apartments, located at 8700 Brodie Lane in southwest Austin. The apartment community is currently 97 percent occupied. Sean Sorrell led the HFF team to represent the seller, Nevins Adams Lewbel Schell, in the transaction. Austin-based Falcon Southwest was the buyer.