HOUSTON — HFF has brokered the sale of the 201,720-square-foot 2200 West Loop South, a Class A office building located in Houston. The property is 87 percent leased to tenants including Morgan Stanley and Tenaris. Dan Miller and Marty Hogan of HFF's Houston office represented the seller, KBS Real Estate Investment Trust, in the transaction. The buyer was Miami-based Parmenter Realty Partners.
AUSTIN — Marcus & Millichap has arranged the sale of three properties totaling 422 units, including Quail Run, Gateways and Woodmark, all located in north Austin. Joe James and Kent Myers of Marcus & Millichap's Austin office represented the undisclosed seller in the transaction and secured the buyer, a Texas-based partnership. The 132-unit Quail Run is located at 1200 Mearns Meadow Blvd.; the 130-unit Gateways is located at 1804 W. Rundberg Ln.; and the 160-unit Woodmark is located at 1735 Rutland Dr.
AUSTIN — Apartment Realty Advisors (ARA) has arranged the sale of the 74-unit Delwood Station, a multifamily community located at 1230 E. 38th 1/2 St. in Austin. Andrew Shih of ARA's Austin office represented the seller, a group of private individuals based in the State of Washington, in the transaction. Additionally, the seller partnered with Austin-based Roscoe Properties. The buyer was a syndicate, also based in Washington state. Fannie Mae provided acquisition financing for the property, which features a pool, courtyard, barbecue area and laundry facilities, as well as nearby retail and restaurants.
FLOWER MOUND — Dr. Arthur Bradley has signed a 5-year, 1,410-square-foot lease to open his chiropractic practice, Arteva LLC, at Shops at Flower Mound, a 44,353-square-foot neighborhood shopping center located at 2021 Justin Rd. in Flower Mound. Leigh Richter and Paul Richter of Bradford Commercial Real Estate Services' Dallas office represented the landlord, Houston-based KM Flower Mound, in the lease transaction.
MCALLEN — Irving-based C-III Capital Partners has finalized the acquisition of NAI Global, which is represented by NAI Rio Grande Valley in McAllen. Andrew Farkas is the CEO of C-III. NAI Global will continue to be operated as a separate company under its current management.
HASLET — Cadence McShane has completed the construction of the 83,099-square-foot J.C. Thompson Elementary School, located on an 11-acre campus at 440 Wishbone Ln. in Haslet. The new school is in the Northwest Independent School District and features 32 classrooms, a cafeteria with a full-service kitchen, a modern library and a gymnasium. Plano-based SHW Group provided architectural services.
BELLAIRE — Northbrook, Ill.-based The Boulder Group has brokered the $3.6 million sale of a 10,908-square-foot freestanding retail property leased to CVS/pharmacy, located at 5422 Bellaire Blvd. in Bellaire. CVS/pharmacy has a 7-year triple-net lease at the property. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a high net worth individual from the Midwest, in the transaction. The buyer was a Texas-based 1031 exchange investor.
AUSTIN — Hendricks & Partners has arranged the sale of the 840-unit Silvervale Crossing – Brookstone, an apartment community located at 8800-8900 N. Interstate 35 in Austin. The complex is the second largest apartment community in Austin. George Deuillet of Hendricks & Partners' Austin office and Ellen Muskin of Muskin Commercial represented the seller, Addison-based GE Capital Realty Inc., in the transaction. The buyer was San Francisco-based FPA Multifamily LLC.
FARMERS BRANCH — Lee & Associates has arranged the sale of a 10,400-square-foot industrial property, located at 13720 Diplomat Dr. in Farmers Branch. Mark Graybill and Donnie Rohde of Lee & Associates Dallas/Fort Worth office represented the undisclosed seller in the transaction. The buyer was Life Time Roofing.
SPRING — NorthMarq Capital has secured the assumption of first mortgage debt for the 12,600-square-foot Meadow Edge Shopping Center, located at 20141 Interstate 45 in Spring. The retail center is leased to Mattress Giant, Sprint and Warehouse Pools. Warren Hitchcock of NorthMarq's Houston office arranged the 10-year loan with 5 years remaining on the original term and a 30-year amortization schedule through JPMorgan – CMBS. CIII Asset Management served as special servicer of the original loan, which was also arranged by NorthMarq.
