Texas

FORT WORTH — Bar Louie is opening a 6,503-square-foot store at West 7th, located on 7th Street and University Drive in Fort Worth. The new store is slated for a winter 2011 opening. Bar Louie is owned and operated by Addison-based BL Restaurant Operations. Myles Kelley of Fort Worth-based Realty Ventures and Greg Bracchi of Edge Realty Partners' Dallas office represented the tenant, and David Thomas of The Retail Connection's Dallas office and Rodger Chieffalo of Fort Worth-based Chieffalo Realty represented the landlord, Cypress Equities.

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HOUSTON AND MCKINNEY — The board of directors at St. Louis, Mo.-based Emerson has approved the investment of approximately $55 million for two construction projects in Houston and McKinney. Emerson will invest $30 million to build a 205,000-square-foot engineering and manufacturing headquarters in Houston for the Emerson Process Management's valve automation business. Construction is slated to begin in early 2012. Emerson will also invest approximately $25 million to build a three-story, 132,000-square-foot headquarters for the Emerson Process Management's regulator technologies business in McKinney. Construction is expected to begin in early 2012 and be delivered in late 2013.

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AUSTIN — Marcus & Millichap represented both parties in the sale of the 17,234-square-foot Hamilton Plaza Office Building, located at 3700 W. Parmer Ln. in Austin. Greg Gaynor, Joshua Swank and Ron Hebert of Marcus & Millichap's Austin, San Antonio and Dallas offices, respectively, represented the buyer, a private investor, and the seller, a bank/financial institution, in the transaction.

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HOUSTON — Miami-based Parmenter Realty Partners has acquired the 225,727-square-foot Woodland Park Plaza, an office building located at 11490 Westheimer Rd. in the Westchase submarket in Houston. The acquisition was purchased through Parmenter's institutional fund, Parmenter Realty Fund IV. The property was 68 percent leased at the time of the acquisition.

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HOUSTON — A $15 million, top-to-bottom renovation of the 360,000-square-foot Marq*E Entertainment Center, located at 7620 Katy Freeway in Houston, is now complete. The property is owned by Houston-based Fidelity Realty Advisors and Los Angeles-based Canyon-Johnson Urban Funds, a joint venture between Canyon Capital Realty Advisors and former NBA star Earvin “Magic” Johnson. Fidelity oversaw the renovation, which included adding three new pad sites totaling 25,000 square feet, demolishing a building fronting, enhancing signage, adding a new Houston Police Department storefront, landscaping and adding approximately 240 new parking spaces. The development has also added new tenants including Bank of America, T-Mobile, Subway, Panda Express and Chik-fil-A.

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