Texas

M-M PROPERTIES, INVESCO ACQUIRE PLAZA OF THE AMERICAS

by admin January 4, 2012

DALLAS — M-M Properties has purchased the 1.2 million-square-foot Plaza of the Americas, a mixed-use property located in Dallas' Central Business District, in a partnership with a client of Dallas-based Invesco Real Estate. Plaza of the Americas features two 25-story office towers, a 12-story parking garage, a separately owned Marriott Hotel and 140,000 square feet of restaurants and shops. HFF's Dallas office arranged acquisition financing in the transaction and represented the seller. Dallas-based Peloton Commercial Real Estate has been retained as the exclusive leasing agent for the property and M-M will provide property management services.

January 4, 2012

GSL WELCOME GROUP PURCHASES OFFICE PROPERTY IN AUSTIN

by admin January 4, 2012

AUSTIN — Houston-based GSL Welcome Group has acquired the 54,865-square-foot Tuscany Technology Center 4, an office property located at McShane's Tuscany Center at Walnut Creek at 8325 Tuscany Way in Austin. Walter Saad and Cathy Nabours of CBRE's Austin office, along with Todd Mills of the firm's San Antonio office, represented the seller, McShane Development Co., in the transaction. Jim Gibson of Stan Johnson Co.'s Houston office and Craig Tomlinson of the firm's Tulsa, Okla., office represented the buyer. Gila, LLC. has leased the single-story development, which features 24,500 square feet of office space and 30,365 square feet of call center, breakroom and storage space.

January 4, 2012

Industrial Texas

M&M BROKERS SALE OF 40,800-SQUARE-FOOT INDUSTRIAL BUILDING

by admin January 4, 2012

SAN ANTONIO — Marcus & Millichap has arranged the sale of the 40,800-square-foot Rilling Road Industrial, an industrial property located at 1303 Rilling Rd. in San Antonio. Joshua Swank of Marcus & Millichap's San Antonio office and Greg Gaynor of the firm's Austin office represented both the buyer and seller, both private investors, in the transaction.

January 4, 2012

Office Texas

MOODY RAMBIN ARRANGES SALE OF 1017 HEIGHTS BLVD.

by admin January 4, 2012

HOUSTON — Moody Rambin Investment Services has brokered the sale of the 3,300-square-foot 1017 Heights Blvd., an office building located in Houston's Historic Heights neighborhood. Christopher Dray of Moody Rambin's Houston office represented the seller, the Law Offices of Jed Silverman, in the transaction. The buyer was Johnson, Johnson, and Baer, P.C.

January 4, 2012

Office Texas

CNL WINS MANAGEMENT ASSIGNMENT FOR OLD PARKLAND CAMPUS

by admin January 4, 2012

DALLAS — Orlando, Fla.-based CNL Commercial Real Estate has been chosen as the property management provider for the 170,000-square-foot Old Parkland, an office property comprised of four buildings located at 3819 Maple Ave. in Dallas. An affiliate of Crow Holdings acquired the property in 2006 and reopened it in 2009. The property was designated a Dallas Historic Landmark in 1987.

January 4, 2012

Industrial Texas

COUSINS PROPERTIES SELLS INDUSTRIAL BUILDING, LAND

by admin December 23, 2011

DALLAS — Atlanta-based Cousins Properties has sold the 748,831-square-foot Lakeside Ranch Building 20 and two land parcels, located in the Lakeside Ranch Business Park in Dallas. Cousins also sold a development site in Lancaster. The land and industrial building are part of a $72.2 million deal that includes the sale of King Mill Building 3 in Atlanta. Jack Fraker of CBRE's Dallas office and Chris Riley, Frank Fallon and Brian Budnick of the firm's Atlanta office represented the seller in the transaction and the buyer was self-represented.

December 23, 2011

Multifamily Texas

NORTHMARQ ARRANGES FINANCING FOR BRISTOL PLACE APARTMENTS

by admin December 23, 2011

HOUSTON — NorthMarq Capital has secured permanent acquisition financing for the 390-unit Bristol Place Apartments, a multifamily community located at 11245 W. Rd. in Houston. Greg Duvall of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through AmeriSphere Multifamily Finance on behalf of the borrower, Bristol Place Apartments LP. AmeriSphere is a Fannie Mae DUS lender.

December 23, 2011

Office Texas

PRIORITY LEASES 78,060 SQUARE FEET AT RENAISSANCE TOWER

by admin December 23, 2011

DALLAS — Plano-based Priority Fulfillment Services has leased 78,060 square feet of office space at Renaissance Tower, located at 1201 Elm St. in downtown Dallas, from Binyan Realty. Dennis Barnes, Celeste Fowden and Clay Gilbert of CBRE's Dallas office represented the landlord in the lease transaction. Rick Hughes of Cushman & Wakefield's Dallas office represented the tenant.

December 23, 2011

Retail Texas

FALLAS TO OPEN 25TH HOUSTON STORE AT STEEPLECHASE

by admin December 23, 2011

HOUSTON — Fallas Discount Stores will open a new 22,000-square-foot store at Steeplechase Shopping Center, located at the northwest corner of FM 1960 and Jones Road. The store will be Fallas' 25th location in the greater Houston area. Shawn Ackerman of the Henry S. Miller Brokerage's Houston office represented the tenant in the lease transaction. Jason Du of the firm's Houston office represented the landlord, Jones 1960 Crossroads. Steeplechase is currently 90 percent leased to tenants such as Citi-Trends, Palais Royal, 99 Cent Only, Dollar Tree and Anna's Linens.

December 23, 2011

Healthcare Texas

ASCENSION GROUP COMPLETES $98 MILLION HOSPITAL EXPANSION

by admin December 22, 2011

DALLAS — Arlington-based Ascension Group Architects has finished the $98 million expansion of Forest Park Medical Center, located at 11990 N. Central Expressway in Dallas. The expansion included three additions: a 125,000-square-foot surgical facility, a 138,000-square-foot facility connecting to the hospital through the lobby and a 780-vehicle parking garage with a covered walkway. Adolfson & Peterson Construction served as the general contractor.

December 22, 2011

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