AUSTIN — SBV Communities has purchased the 156-unit Summer Wind Apartments, located at 833 Fairfield Drive in Austin. SBV Communities, the multifamily division of Spectrum Business Ventures, now has nine Texas multifamily properties in its portfolio, but Summer Wind is the company's first venture in the Austin market.
WYLIE — Rosa's Cafe and Tortilla Factory has broken ground on a 7,000-square-foot restaurant, located in the Woodbridge Crossing development in Wylie. The restaurant will be Rosa's Cafe's 30th location. The new Rosa's Cafe is part of a new wave of retailers coming to Woodbridge Crossing, including Ross Dress for Less, Rack Room Shoes and Rue 21. Direct Development owns Woodbridge Crossing and Super Target and Kohl's anchor it.
RICHARDSON — Murphy-based A&S Ellington Properties has recently purchased a 1.29-acre tract of land at the northwest corner of Campbell Road and Lake Park Boulevard in Richardson for the development of a Chicken Express restaurant. Rick Ikeler and Brad Gibbs of SRSRE Partners represented the buyer in the transaction. Daniel Harris of Henry S. Miller Brokerage's Dallas/Fort Worth office represented the seller, H-H Retail. The buyer plans to break ground on the new Chicken Express this summer and deliver it by December 2012.
TEXAS AND OKLAHOMA — Broadstone Net Lease, a REIT managed by Broadstone Real Estate Services, has acquired six net-leased medical office properties for $17.2 million. The properties are located in Oklahoma and Texas, as well as Arkansas, Kansas and Kentucky.
ARLINGTON — Summit Hotel Properties has acquired the 103-room Courtyard by Marriott in Arlington for $15.25 million. The price also includes planned property improvements.
SAN ANTONIO — PinPoint Commercial has completed construction of an eight-building, 184,589-square-foot multipurpose facility, located in San Antonio. The property consists of several multiple-service buildings and a 50,000-square-foot office building. PinPoint developed the property on behalf of Weatherford's Artificial Lift Systems business group.
RICHARDSON — Go Industries has purchased a four-building, 39,602-square-foot industrial complex, located at 909 N. Bowser Road in Richardson. Kevin Santaularia of Dallas-based Bradford Commercial Real Estate Services represented the buyer in the transaction. The seller was Atlas Copco Compressors.
RICHARDSON — CapLease Inc. has purchased a 318,000-square-foot office complex in Richardson for $46 million. The two-building, Class A office complex includes tenants such as an AT&T affiliate and MetroPCS Wireless. CapLease is expecting to receive a $20 million first mortgage loan with a 10-year term for the acquisition.
SOUTHLAKE — Cadence McShane Construction Co. has been awarded an expansion/renovation assignment for White's Chapel United Methodist Church, located at 185 S. White's Chapel Blvd. in Southlake. The project includes a two-story, 18,936-square-foot addition, renovation of the church's meeting space, landscaping and expanding the parking lot. Jacobs & Associates is providing architectural services for the assignment, which is slated for a December completion.
DALLAS — Marcus & Millichap has arranged the sale of the 85-unit Lakewood Club, an apartment community located at 200 N. Henderson Ave. in Dallas. Stephen Crittenden, Michael Ware and Will Jarnagin of Marcus & Milliichap's Dallas office represented the seller, an out-of-state private investor, in the transaction. Raymond Choi and John Bainer of Marcus & Millichap's San Diego, Calif., office procured the buyer, a California-based private investor in a 1031 exchange.