HOUSTON — SER-Ninos Charter School, a dual-language, open enrollment school serving kindergarten through 8th-grade students, has acquired a 60,400-square-foot retail space that once housed a Kroger, located at 5610 Gulfton St. in Houston. The property is adjacent to the existing SER-Ninos location. Mark Lehman and Bill Burge of Grubb & Ellis Co.'s Industrial Group represented SER-Ninos, while Emil Gullia of Jones Lang LaSalle represented the seller, The Kroger Company, in the transaction.
FORT WORTH — A 12.3-acre tract of land at the corner of Alta Mere Drive and Roaring Springs Road in Fort Worth has been sold. Although the sales price was undisclosed, the asking price was $2.4 million. The buyer, a private partnership, has plans to develop the parcel, which is zoned for commercial development. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, a financial institution that had foreclosed on the asset last year, and Michael Ball Realty Corp. represented the buyer.
BROKEN ARROW, OKLA. — Tulsa Tech has opened a new automotive training facility at their Broken Arrow campus. The 249,000-square-foot facility is dedicated to alternative fuel technology. The 362,698-square-foot Broken Arrow campus sits on 53 acres, and was established in 1983 with recent renovations completed in January.
FRISCO — NorthMarq Capital has arranged $2.93 million in first mortgage financing for the 18,160-square-foot Lakes Plaza, a retail center in Frisco. Ronald Reese of NorthMarq's Dallas office arranged the financing based on a 10-year term and a 20-year amortization schedule through StanCorp Mortgage Investors.
HOUSTON — A joint venture between LaSalle Investment Management, Inc. and Houston-based Midway Cos. has acquired CityCentre II, a 149,827-square-foot, mixed-use property in Houston's 1.8 million-square-foot CityCentre development. The six-story CityCentre II is currently 90 percent leased to tenants like BB&T Corp., SEACOR Holdings, Cargill, Inc., and The Tasting Room. The joint venture between LaSalle and Midway has also provided equity for the development of CityCentre III, a 120,000-square-foot, mixed-use center, which is scheduled for a late 2012 completion. Tenants for CityCentre III, which is currently 44 percent pre-leased, include Texas A&M, LLOG Exploration Co. and Montco Offshore Inc. Dan Miller, Martin Hogan and Trent Agnew of Holliday Fenoglio Fowler represented the seller, a joint venture between Midway and L&B Realty Advisors in the transaction, and Tom Fish, James Tramuto and Robby Zorich of Jones Lang LaSalle represented the buyer.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
FAIRVIEW — The Village at Fairview is adding 50,000 square feet of merchants and restaurants to its tenant roster, including: Old Navy (17,000 square feet) Nasr Bros. Jewelers (1,600 square feet) Versona Accessories (7,819 square feet) Zoe's Kitchen (3,400 square feet) La Duni Latin Kitchen (6,965 square feet) Sushi Awaji (6,000 square feet) Down Under (7,433 square feet) The MGHerring Group represented the Village at Fairview in all the above transactions. Not every tenant had representation, but The Retail Connection represented Zoe's Kitchen, Dunhill Partners represented La Duni Latin Kitchen, Grubb & Ellis represented Down Under and Beam Real Estate represented Sushi Awaji.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
SAN ANTONIO — NorthMarq Capital has arranged permanent financing on behalf of the borrower, a limited partnership led by Primera Partners, for Perrin Oaks Office Park at 10615 Perrin Beitel Rd. in San Antonio. NorthMarq's Roger Trapnell arranged the financing based on a 5-year term and a 25-year amortization schedule through NorthMarq's correspondent relationship with StanCorp Mortgage Investors. The financing also features four 5-year extensions.
PLANO — Just Fitness 4U has leased 29,460 square feet of anchor space in Towne Square Shopping Center at 910 W. Parker Rd. in Plano. The location is Just Fitness' sixth location in the Dallas-Fort Worth market. Marc Marrocco, Perren Gasc and Beau Barkerding of The Weitzman Group's Commercial Retail Division represented Just Fitness 4U. The Weitzman Group is representing Just Fitness 4U in its expansion in the Dallas-Fort Worth area. The landlord, Dunhill Partners, was self-represented.
