HOUSTON — Marcus & Millichap has brokered the sale of the 111-room Econo Lodge Webster, a hotel located at 904 E. NASA Rd. 1 in Houston. Tyler Bean, Rahul Bijlani and Michael Yu of Marcus & Millichap's Houston office represented the seller, a bank/financial institution, and secured the buyer, a private investor, in the transaction.
DALLAS — The Monit organization has hired Colliers International to manage and lease more than 1.1 million square feet of industrial, showroom and flex space in the Dallas/Fort Worth metroplex. The portfolio spans 18 buildings, including the Regal Business Center in Dallas, the Regal Industrial Center in Dallas and the DFW Air Freight in Grapevine. The Regal Business Center, located at 4639, 4747 and 4757 Irving Blvd., is a three-building, 150,566-square-foot property. The Regal Industrial Center, located at 4560, 4647, 4653 and 4656 Leston Ave., is a four-building, 380,084-square-foot warehouse property. DFW Air Freight, located at 1200, 1220 and 1240 Texan Trail, is a 113,665-square-foot air freight center. Other properties in the portfolio include properties on North Beach Street in Fort Worth, Avenue R in Grand Prairie, Dalworth Street in Arlington and Pinewood in Arlington. Phil Rosenfeld, Greg Grainger, Matt Thompson, Sparkle Turner and Mike Crain of Colliers International's Dallas office will handle the portfolio's management and leasing.
FORT WORTH — Tulsa, Okla.-based LinkAmerica has plans to open a 24,000-square-foot corporate office and training center in CentrePort Business Park, located at 4400 Amon Carter Blvd. in Fort Worth. The new office is slated for a March 2012 opening.
HOUSTON — HFF has arranged the sale of the 344,295-square-foot The Plaza at Enclave, a Class A office building located at 1254 Enclave Pkwy. in Houston's Energy Corridor. The property is fully leased to Dow Chemical Co., Ridgewood Energy, Petrofac and HRT America. Dow is leasing 86 percent of the property. The building is LEED Gold certified and features a 1,434-space parking garage. Dan Miller, Rusty Tamlyn and Trent Agnew of HFF's Houston office represented the sellers, Core Real Estate and BayNorth Capital, in the transaction. Matt Kafka and Wally Reid, also of HFF's Houston office, arranged acquisition financing for the buyer, an affiliate of Tel Aviv, Israel-based Azrieli Group.
HOUSTON — CubeSmart has purchased a 534-unit self-storage facility, located at 1019 W. Dallas St. in Houston. The 47,585-square-foot facility was built in 2004 and designed by Meeks + Partners. Steve Mellon of Grubb & Ellis' Houston office and Pete Williams of the firm's Memphis, Tenn., office represented the seller, Midtown Self Storage, in the transaction.
HOUSTON — Jones Lang LaSalle has arranged a senior mortgage loan for the 312,676-square-foot CITYCENTRE Retail, a Class A retail center in Houston. The center is part of the 1.8 million-square-foot CITYCENTRE, a master-planned community. Tom Fish, Paul House and John Ream of Jones Lang LaSalle's Houston office arranged for AEGON to provide the loan through Transamerica on behalf of the borrower, Midway Cos. and a pension fund advised by L&B Realty Advisors.
DALLAS — Stream Realty Partners has been selected by J.P. Morgan Asset Management, to manage and lease the 1.2 million-square-foot Trammell Crow Center, a Class AA office tower in Dallas' Art District. J.P. Morgan acted on behalf of its institutional investor clients in selecting Stream. The office tower is leased to tenants including Vinson & Elkins, Baker Botts and PricewaterhouseCoopers. Additionally BB&T has leased a full floor of the property and will move in later this year. Sarah Erickson and Ramsey March of Stream Realty's Dallas office will handle leasing services for the property.
SAN ANTONIO — San Antonio-based 4M Realty has brokered the sale of a 42,074-square-foot industrial building, located at 1103 S. Frio St. in San Antonio. Michael Weiss and Sandi Leone of 4M Realty represented the buyer, Bexar County, Texas, in the transaction. The seller was St. Vincent de Paul of the Archdiocese of San Antonio.
ADDISON — Dallas-based Behringer Harvard has broken ground on Allegro II, the 121-unit second phase of the 272-unit Allegro, a multifamily community located at 15750 Spectrum Dr. in the 70-acre Addison Circle mixed-use development in Addison. Allegro II will feature brushed nickel hardware, stainless steel appliances, granite countertops, private patios/balconies and full-size washers and dryers. Completion is slated for third quarter of 2012.
CONROE — Coldwell Banker Commercial United Realtors has brokered the sale of a 70,000-square-foot shopping center, located at 700 W. Davis in Conroe. Mark McGinley of Coldwell Banker's Houston office represented the buyer, Petereit's Conroe Center, in the transaction. Charlene Nickson of ACC Realty's Houston office represented the seller, Conroe Income Investors.