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.
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.
