HOUSTON — Phoenix-based Alliance Residential Co. has begun construction on the 246-unit Broadstone West Dallas, an apartment community located at the intersection of West Dallas and Gillette streets in Houston. The finished apartments will feature granite countertops, a washer and dryer package, stained-wood cabinets, track lighting and Berber-style carpeting. The complex will have a 5,000-square-foot clubhouse with a demonstration kitchen, massage room and iCafe. Other amenities will include a large swimming pool, outdoor cooking facilities, fitness center, central courtyard and separate park area. Final completion is slated for second quarter 2013.
SAN BENITO — Dallas-based RightQuest has broken ground on Phase II of the 110-unit Villages at Paso Real, a luxury multifamily community in San Benito. Phase II includes the addition of 70 apartment units, a playground, poolside cabana, laundry facility and detached garages. RightQuest is working on behalf of Brownsville-based Villages at Paso Real, LP. Austin-based Journeyman Construction is the general contractor of the project, Capstone Real Estate Services' San Antonio office is providing management services and IBC Bank is providing the financing for the development. The project is slated for a April 2012 occupancy.
DALLAS, CARROLLTON AND MESQUITE — Dallas-based Bradford Commercial Real Estate Services has arranged lease transactions at Forest Audelia Shopping Center, located at 9759 Forest Ln. in Dallas; Josey Rosemeade Shopping Center, located at 3720 N. Josey Ln. in Carrollton; and Galloway Crossing, located at 2110 N. Galloway Ave. in Mesquite. In Forest Audelia, Jump Off Spot signed a leased relocation/expansion of 2,123 square feet and Shark's Chicken & Fish signed a 1,850-square-foot lease renewal. Leigh Richter and Michael Tran of Bradford represented the landlord, Mwest Holdings LLC, in the Jump Off Spot lease, and Paul Richter of Bradford represented the landlord in the Shark's lease transaction. The lease transactions in Josey Rosemeade include Physiotherapy Associates renewing a 4,690-square-foot lease, a 1,404-square-foot lease for Sell Your Gold Shop and Edward D. Jones & Co. renewing a 1,120-square-foot lease. Leigh Richter represented the landlord, Mwest Holdings, in the Physiotherapy Associates transaction. Paul Richter and Tran represented the landlord in the Sell Your Gold transaction, and Leigh Richter and Tran represented the landlord in the Edward D. Jones & Co. transaction. The transactions in Galloway Crossing include Debonair Cleaners renewing a 2,697-square-foot lease, Super Smile Dental renewing a 1,244-square-foot lease and Metro PCS …
FORT WORTH — Three new office buildings, totaling approximately 275,000 square feet, are scheduled to break ground in spring 2012 at Sundance Square, a 35-block entertainment, office and retail district in Fort Worth. The buildings will be located at 420 Commerce St.; 425 Houston St.; and 407 Throckmorton St. The Throckmorton Street building will be approximately 99,000 square feet, including 12,196 square feet of residential space. The Houston Street building will be approximately 93,000 square feet, including 12,393 square feet of retail space. The Commerce Street building will be approximately 83,000 square feet, including 17,000 square feet of retail and restaurant space. Washington, D.C.-based David M. Schwarz Architects designed the project to meet LEED certification. Fort Worth-based The Projects Group is the project manager, Fort Worth-based Bennett Benner Pettit, Planners + Architects is the architect of record and The Beck Group is the construction manager for all three buildings.
DALLAS — Drew Davis Realty Partners has purchased a 38,500-square-foot office building, located at 4027-4031 Bronze Way in Dallas, from Fujikoki America. Craig Jones and Matt Elliott of NAI Robert Lynn's Dallas office represented the buyer in the transaction. Craig Gutow of Dallas-based The Gutow Co. represented the seller.
GRAND PRAIRIE — 2M Solutions has purchased a 26,133-square-foot office building, located at 800 Greenview Dr. in Grand Prairie, from Southwest Securities FSB. Michael Stanzel of NAI Robert Lynn's Dallas office represented the buyer in the transaction, and Brett Heinen and Jerry Averyt of Henry S. Miller's Dallas office represented the seller.
MISSION — FREEBIRDS World Burrito is opening a new 2,705-square-foot restaurant, located at 2521 E. 83, Ste. 600 in Mission. Concept owner, Emeryville, Calif.-based Tavistock Restaurants, operates 56 FREEBIRDS restaurants in Texas and California. The restaurant will be open to the public on Nov. 10.
HOUSTON — Morgan Keegan, a brokerage and investment banking firm, has leased the entire 43rd floor and part of the 41st floor, a total of 24,357 square feet, in San Felipe Plaza, a Class A office building located at 5847 San Felipe St. in Houston. San Felipe Plaza spans 980,472 square feet and is currently 89 percent leased. Chip Colvill, Michael Anderson and Win Haggard represented the landlord, TPG/CalSTRS, a joint venture between Los Angeles-based Thomas Properties Group and the California State Teachers' Retirement System, in the lease transaction. Brad Marnitz of NAI Houston represented the tenant.
UVALDE — Marcus & Millichap has brokered the $2.1 million sale of the 115-bed Uvalde Healthcare & Rehabilitation Center, located at 535 N. Park St. in Uvalde. Douglas O'Toole Marcus & Millichap's Houston office and Rob Reis of the firm's San Francisco office represented the seller, a limited liability company, in the transaction and procured the buyer, a partnership.
FORT WORTH — Huon Chhaou LP has sold the 54-unit Ridglea Square Apartments, located at 6020 Malvey Ave. in Fort Worth, to a local investor. The property was 88 percent leased at closing and will undergo interior and exterior renovations immediately. Boyan Radic and Mason Green of Marcus & Millichap's Fort Worth office represented both parties in the transaction.