OKLAHOMA CITY — Marcus & Millichap has provided financing for a Burger King restaurant in Oklahoma. Christopher Marks of Marcus & Millichap's Manhattan office arranged the $500,000 loan based on a 5-year term with a 20-year amortization schedule through a national bank.
GALVESTON — Grandbridge Real Estate Capital has secured a $16.4 million construction/permanent loan for an 85-room Marriott Courtyard and an 88-room TownePlace Suites, both located in Galveston. Gary Dunkum of Grandbridge's Houston office arranged the financing with an 18-month term for construction and a 5-year permanent loan with a 24-year amortization schedule through one of Grandbridge's correspondent lenders.
FORT WORTH — Harvey, La.-based Hydradyne Hyrdraulics has purchased a 171,065-square-foot industrial building, located at 4301 Empire Rd. in Fort Worth. Tom Walrich, Mark Graybill and Donnie Rohde of Lee & Associates' Dallas office represented the seller, Scottsdale, Ariz.-based Harmony Asset Management, in the transaction. Dave Anderson of CBRE's Dallas office represented the buyer.
FORT WORTH — The Weitzman Group has arranged the sale of the 33,127-square-foot Basswood Crossing, a shopping center located at 7451 N. Beach St. in Fort Worth. Greg McDonald of The Weitzman Group's Dallas/Fort Worth office represented both the buyer, Dallas-based BasswoodBeach Crossing, Ltd., and the seller, Dallas-based Basswood Crossing Limited Partnership. The shopping center includes tenants such as CiCi's Pizza, O'Reilly Auto Parts, Great Clips and Paradise Tan.
LAKE WORTH — NorthMarq Capital has arranged $2.6 million in first mortgage financing for Staples and Applebees locations in Fort Worth. The two merchants occupy a combined 28,500 square feet of retail space. Ronald Reese of NorthMarq's Dallas office and Gary Cohen of the firm's north New Jersey office arranged the financing on a 10-year term with a 20-year amortization schedule through Symetra Life Insurance Co. on behalf of the borrower, Sachs Investing Co./Palin Enterprises.
SAN ANTONIO — San Antonio-based Ironsight Properties has purchased a 11,500-square-foot office building, located at 14414 Blanco Rd. in San Antonio, from San Antonio-based GSSW EC Ventures. Sandi Leone of 4M Realty's San Antonio office represented the buyer in the transaction, and Carrie Caesar of CBRE's San Antonio office represented the seller.
THE WOODLANDS — The Woodlands Development Co. will soon break ground on the 192,000-square-foot 3 Waterway Square Place, a nine-story office building located in The Woodlands Town Center at the corner of Lake Robbins Drive and Woodloch Forest Drive in The Woodlands. The building was designed by Boston-based Elkus Manfredi. The top three floors are pre-leased to Nexeo Solutions. The building is slated for an early 2013 completion.
GARLAND — Vu Investments has acquired the 145,171-square-foot USDA processing plant, located at 209 Range Dr. in Garland. Vu Investments plans to use the facility as a printing and paper recycling operation. Kipp Collins of Binswanger's Dallas office represented the seller, Cincinnati-based Advance Pierre Foods.
HOUSTON — CBRE has arranged $19.2 million in financing for 2603 Augusta, a 242,447-square-foot office building in Houston's Galleria area. Bernard Branca of CBRE's Houston office, along with John Clifford and Keith Huizinga of the firm's Chicago office, arranged the 3-year loan through Bank of America on behalf of the borrower, CBRE Strategic Partners U.S. Value 5, LP.
HOUSTON — NorthMarq Capital has arranged $4.3 million in first mortgage financing for the 140,000-square-foot McCoy showroom/warehouse, a building occupied by McCoy Workplace Solutions, located at 6869 Old Katy Rd. in Houston. Kerry French of NorthMarq's Houston office arranged the financing based on a 10-year term with a 20-year amortization schedule through UnumProvident on behalf of the borrower, a joint venture between a regional development company and a national real estate fund.