SAN ANTONIO — TRISUN Healthcare and Suntex Development have broken ground on a new 42,000-square-foot senior community at 8707 Lakeside Pkwy. in San Antonio. The community will offer 120 skilled nursing and rehabilitation beds, as well as employ approximately 115 full- and part-time staff. The facility will feature wood floors, a rehabilitation gymnasium and rapid recovery suites. San Antonio-based Metropolitan Contracting Co. is building the facility, while Austin-based DFD Architects designed it. The skilled-nursing facility is slated for a summer 2012 opening.
SAN ANTONIO — Holliday Fenoglio Fowler (HFF) has secured $19.5 million in refinancing for McAllister Plaza, a 12-story, 190,079-square-foot office property in San Antonio. HFF's Adam Herrin and Trey Morsbach arranged the 3-year, adjustable rate bridge loan on behalf of RBL Real Estate, owners of the plaza, a life insurance company. The proceeds from the loan are recapitalizing the plaza's existing debt as well as funding tenant improvement costs.
DALLAS — An 8,338-square-foot retail center anchored by My Fit Foods has been purchased. The property sits at 4015 Lemmon Ave. in Dallas. Brad Cruickshank of The Woodmont Company represented the seller, LNR Partners, in the transaction. The buyer is a Dallas-based private investment firm and was self-represented.
HOUSTON — Houston-based Weingarten Realty has closed a $200 million unsecured term loan that has a 1-year term. Weingarten’s options can be repaid at par after 9 months. The loan is expected to pay down Weingarten’s debt. The Bank of Nova Scotia, Sumitomo Mitsui Banking Corp., Compass Bank, U.S. Bank National Association and PNC Bank National Association had roles in the transaction. The Bank of Nova Scotia was the lead arranger and administrative agent for the transaction Sumitomo Mitsui was a co-arranger and syndication agent PNC Bank was a co-arranger and syndication agent Compass Bank was a lender U.S. Bank served as the documentation agent.
TULSA, OKLA. — Dallas-based Triad Senior Living, Inc. and its partners have purchased the University Village Retirement Community in Tulsa. The community sits on a 38-acre campus at 8555 S. Lewis Ave. Terms of the deal involved $5.5 million in cash. The ownership group, including investor Keith Roberts and University Village Trust, plans to spend at least $2 million in renovations to the facility.
SAN ANTONIO — 4M Realty Co. has brokered the following sales in San Antonio: Loopy Ltd. has sold a 67,614-square-foot retail center at 4002-4114 W. Commerce St. to B-Y 4114 W. Commerce, LLC. 4M’s Nick Prater represented Loopy in the transaction. Murphy Health Development has purchased 4.66 acres at Hunters Pond and SW Loop 410 from Investment Property Exchange Services, Inc. 4M’s Sandi Leone represented Murphy Health, and Ian Angus with REOC represented Investment Property Exchange in the transaction. Noland Properties, Inc. has sold a 13,800-square-foot showroom/distribution building at 2639 Mossrock to DHSK Enterprises, Inc. Leone represented Noland Properties and Sol Hooda with Century 21 represented DHSK in the transaction.
HOUSTON — The nine-story Intercontinental Center Office Building, a property sitting on 5.14 acres and has 198,090-square-feet of rentable space in Houston, has recently been acquired. The buyers formed 15600 JFK Houston Partners, LLC in order to purchase the property, and they plan on making capital improvements to the facility.
HOUSTON — W&T Offshore, Inc., an oil and natural gas company, has renewed its lease for 71,289 square feet of office space at Nine Greenway Plaza, located in Houston’s Greenway Plaza complex. Warren Savery and Bubba Harkins of Crescent Real Estate negotiated the lease on behalf of the landlord, Crescent Crown Nine Greenway SPV LLC, and CB Richard Ellis’ Charles Gordon and Ron McWherter represented W&T.
HOUSTON — Westchase Corporate Park, a 177,000-square-foot business park comprised of 13 buildings in Houston, has received $7 million in acquisition financing on behalf of AF Westchase LLC, a joint venture between Adler Real Estate Fund and TriGate Capital. Howard Taft and Charles Penan of Aztec helped arrange the funding. Westchase Corporate Park is 85 percent occupied with tenants like Honeywell, Western Geophysical, Men’s Wearhouse, MI Swaco, BMC Software, American Express, GE Capital and JP Morgan Chase.
GARLAND — Firewheel Market, a specialty retail center at the front of Firewheel Town Center mall in Garland, has added eight new tenants. Steve Gray and Grant Gold of The Weitzman Group handled negotiations for the landlord. The new tenants include: Firewheel Salons — 7,772 square feet Massage Envy — 3,524 square feet AAA Texas — 3,424 square feet (Weitzman’s Earl Harris represented AAA Texas) Dallas Metroplex Endodontics — 1,912 square feet Batteries Plus — 1,577 square feet Granny’s Playhouse — 1,482 square feet Merle Norman — 1,324 square feet (Weitzman’s Christopher Young represented Merle Norman) Al’s Formal Wear — 1,250 square feet (Weitzman’s Gold represented Al’s Formal Wear)