MISSOURI CITY — SouthWest Electronic Energy Group has purchased a 5.15-acre site within Lakeview Business Park, located at 823 Buffalo Run in Missouri City. SouthWest Electronic is planning on developing a 52,000-square-foot industrial facility which will serve as the company's corporate headquarters. Alexander Reilly and Bo Petti of Houston-based Boyd Commercial represented the seller, Trammell Crow Co., while Larry Indermuehle and Lang Motes of Sugar Land-based Indermuehle & Co. represented the buyer.
HOUSTON — Last Call Studio by Neiman Marcus has signed an 18,000-square-foot lease to open its fourth U.S. store at the 200,000-square-foot Post Oaks Shopping Center, a retail development located at the intersection of Post Oak Boulevard and Westheimer Road in Houston that is currently 100 percent leased. The store is slated to open in the second half of 2012. Other tenants in Post Oaks include Gallery Furniture, DSW, The Container Store, Whole Earth Provision Co., Starbucks, Maggiano's and Sports Authority.
MANSFIELD — Memphis-based MAA has acquired the 456-unit Legends at Lowe's Farm, an apartment community located at 1400 N. State Hwy. 360 in Mansfield, which falls into the Dallas/Fort Worth MSA. The property was developed in 2008 and features a pool, a fitness center, a business center, garages and upscale interior amenities. The acquisition was funded by common stock issuances through MAA's at-the-market program and borrowings under current credit facilities. Roberto Casas and Bill Miller of Holliday Fenoglio Fowler's Dallas office represented the seller, Alliance Residential. The property was formerly known as Broadstone Lowe's Farm.
DALLAS — After overseeing the leasing and development for more than 12 years, Henry S. Miller Cos. has sold the 50,254-square-foot Lakeside Village, a shopping center located at the corner of North Central Expressway and Walnut Hill Lane in Dallas. Vaughn Miller and Robert Grunnah represented both Henry S. Miller Cos. in house and the buyer, Retail Plazas, Inc. Lakeside Village's tenants include Performance Bicycles, Ironstone Bank and PPG.
HOUSTON — Houston-based Mahindra USA (MUSA) has leased 134,815 square feet of industrial space at the 315,120-square-foot Satsuma Distribution Center, located at 9020 Jackrabbit Rd. in northwest Houston. MUSA is the first tenant to lease space in the center. Graham Horton and David Buescher of Stream Realty Partners' Houston office represented MUSA, while CB Richard Ellis represented Houston-based PinPoint Commercial, the owner and developer of Satsuma Distribution Center.
BRENHAM — NorthMarq Capital has arranged $2.6 million in first mortgage financing for the 16,066-square-foot Brenham Crossroads, a retail center in Brenham with tenants such as Starbucks, AT&T and CiCi's Pizza. Tony Gray of NorthMarq's Houston office arranged the financing with a 5-year term and a 15-year amortization schedule through Symetra Life Insurance Co.
PLANO — New York City-based The Praedium Group and Dallas-based Price Realty Corp. acquired the 500-unit Estancia at Ridgeview Ranch, a multifamily property in Plano. Estancia consists of 23 garden-style apartment buildings, and each unit features a fireplace, 9-foot ceilings, stainless steel appliances and a private balcony or sunroom. Amenities include two swimming pools, a car care center, a playground, a business center, a fitness center and a club room.
FORT WORTH — Weeks Robinson Properties has acquired two distribution centers totaling 702,000 square feet in Fort Worth. The properties are currently 56 percent leased. The seller is USAA, and George Curry, Dave Richards and Chris Skibinski of Jones Lang LaSalle brokered the transaction.
HOUSTON — Bertling Logistics, Inc. has completed construction of a 52,000-square-foot office/warehouse building on 6.576 acres. The property is located at 19054 Kenswick Drive in the Houston International Trade Center, and will serve as Bertling’s North America corporate headquarters. The land site was purchased in 2010 from Houston International Trade Center, L.P. The facility consists of 12,000 square feet of office space and 40,000 square feet of warehouse space. Kingham Dalton Wilson, Ltd. was the general contractor. Lane Guinn of JLM Commercial Advisors Inc. represented the buyer.
WYLIE — B&B Theatres plans to open a 12-screen, 58,000-square-foot movie theater, located at FM 544 and Country Club Road in Woolbridge, a master-planned community in Wylie. The theater will feature stadium seating, leather rocker-style seats, Christie digital projection and 3D capabilities in some theaters. Completion is slated for November 2012.