HOUSTON — NorthMarq Capital has arranged permanent financing for the 304-unit Broadstone West 18th, a multifamily property located at 2727 W. 18th St. in Houston. Greg Duvall of NorthMarq's Kansas City, Mo., office arranged the financing with a 10-year term and 30-year amortization schedule through AmeriSphere Multifamily Finance on behalf of the borrower, West 18 Street Apartments Owner.
HOUSTON — Consolidated Container Co. of Texas has leased 93,170 square feet of industrial space, located at 3262 E. Loop N. in Houston. Edward Bane of Holt Lunsford Commercial's Houston office represented the landlord, TA Associates Realty. Ron Roberson and Scott Heard of Caldwell Cos.' Houston office represented the tenant in the lease transaction.
OKLAHOMA CITY, OKLA. — The Dean McGee Eye Institute has opened its new $46 million, 78,000-square-foot research and clinical facility, located at 608 Stanton L. Young Blvd. in Oklahoma City. The new facility adjoins the existing facility, which houses the University of Oklahoma's Department of Ophthalmology.
LAPORTE — Ferguson Enterprises has leased 206,296 square feet of industrial space at 1701 S. 16th St. in LaPorte. John Nicholson of Transwestern's Houston office represented the tenant in the lease transaction, and Gary Mabray, Jason Dillee and Mike Taetz of Colliers International's Houston office represented the landlord, ML Realty.
HOUSTON — EastGroup Properties has acquired 133 acres of land for the expansion of its World Houston International Business Center, located at 15800 International Plaza Dr. in Houston, for $10 million. The site could potentially house 1.6 million square feet of industrial space.
HURST — Carroll Family Investment has purchased 59,000 square feet of land, located at Precinct Line Road and Airport Freeway in Hurst. Lester Day of Transwestern represented the seller, the Morash Family. The buyer intends to develop the site for a Mexican Inn restaurant.
LA PORTE — The Carson Companies has broken ground on the 276,320-square-foot Sens Road Distribution Center, located on Highway 225 in La Porte. The building is 75 percent preleased to Houston-based Canal Warehousing. Cadence McShane is the general contractor for the project and Architect's Plus is the architect. The project is slated for a first quarter 2012 completion.
SAN ANTONIO — KAI Texas has been selected as the architect for renovations and additions to Sam Houston High School in the San Antonio Independent School District. The school will receive a total of $16.9 million of major renovations funded by a $515 million bond that voters passed in November 2010. Improvements to the school will include creating collaborative learning environments throughout the campus, updating fire, emergency, security, lighting and alarm systems, creating teaching spaces for new educational programs and creating design space. The project is in the planning phase and is slated for a late 2014 completion.
HOUSTON — Polytex Fibers Corp. has renewed a 102,001-square-foot industrial lease at 9550 W. Wingfoot in Houston. Edward Bane of Holt Lunsford Commercial's Houston office represented the landlord, TA Associates Realty. Rand Stephens of Avison Young's Houston office represented the tenant.
FORT WORTH — Hillwood Communities has purchased 52 acres of commercial and residential land at the northeast corner of FM 1709 and Beach Street. Hillwood is planning to begin construction later this year to improve Beach Street and to add a four-lane road to connect Keller Hicks Road and FM1709. Ken Reimer and David Davidson, Jr., of Venture Commercial Real Estate's Dallas office represented both Hillwood and the seller, Realty Capital Golden Beach, in the transaction. Venture will continue to handle leasing for a future retail development on the parcel.
