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.
HOUSTON — Finial Group has brokered the following deals in Houston: Carrera Tile has purchased a 19,000-square-foot office/warehouse property at 4501 Campbell Rd. Neil Martin and Keith Bilski represented the seller in the transaction. No brokers represented Carrera Tile. An investment group has purchased 3.4 acres of the Lakes of Bridgewater commercial reserve at the corner of Clay Road and Lakes of Bridgewater Road. Martin and Taylor Schmidt represented the seller. No brokers represented the buyer. CK Kelley & Sons has leased 33,000 square feet of industrial property at 10651 Harwin Dr. Clay Reichenbach of InSite Realty Partners represented the landlord, while Bilski and Martin represented CK Kelley & Sons.
ARLINGTON — ITT Educational Services Inc. has signed a 30,000-square-foot lease renewal and expansion at 551 Ryan Plaza Dr. in Arlington. ITT currently occupies 100 percent of the 23,500-square-foot building, and the agreement gives ITT an additional 6,500 square feet. The expansion project is expected to be complete by the end of the year. Chris Wright of Grubb & Ellis represented the landlord, Bridge Parkway Associates, while Bob Ikel of IC3 Real Estate represented ITT.
LAREDO — Logistics companies Exel and DHL Supply Chain have announced plans to construct a 250,000-square-foot build-to-suit distribution center in Laredo. The project is expected to bring 100 new jobs. The center is being constructed to support cross-border business between the U.S. and Mexico. The facility will break ground this fall and is slated for a July 2012 completion. The companies are pursuing LEED certification for the property, which will be the first LEED certified distribution center in Laredo as well as Exel's first LEED distribution center in North America.
