SAN ANTONIO AND CORPUS CHRISTI — BAB, Inc. is scheduled to open two new Big Apple Bagels restaurants in San Antonio and a My Favorite Muffin store in Corpus Christi. BAB is slated to open a Big Apple Bagels restaurant at 300 E. Houston St., Suite 105 in September with another Big Apple, also opening in September, at 19178 Blanco Rd. BAB is also planning to open a My Favorite Muffin restaurant at 3920 S. Padre Island in October.
HOUSTON AND THE WOODLANDS — The Woodlands-based J. Beard Real Estate Co. has brokered two transactions in Texas: • Shami Enterprises has purchased a 14.93-acre parcel of land at the intersection of Richey and Hardy Toll roads in Houston for industrial development. Randy Sparks and Josh Feinberg of J. Beard represented the seller. • Victory Healthcare has leased 10,876 square feet of office space at 2201 Timberloch Place in The Woodlands. Lisa Hughes of J. Beard brokered the transaction.
NASSAU BAY AND HOUSTON — Griffin Partners has signed three retailers to lease agreements: • The Paint Pub has leased 2,772 square feet of space in Nassau Bay Town Square, a mixed-use development in Nassau Bay. The Paint Pub combines painting classes, music, beer and wine service and a retail boutique. Jason Long represented the landlord, Griffin Partners, in house. • Wyckoff and Russell has extended its 1,474-square-foot lease at 675 Bering Dr. in Houston. Travis Taylor represented the landlord, Griffin Partners, in house. • Eleven Two Hundred Deli has leased 1,057 square feet at the Westchase Place Building at 11200 Richmond Ave. in Houston. Brian Thorton of Houston Realty Associates represented the tenant, while Long represented the landlord, Griffin Partners, in house.
AUSTIN — Marcus & Millichap Real Estate Investment Services has brokered the sale of Mi Casa, a 64-unit multifamily property at 7200 Duval St. in Austin. J. Patrick Burke and Kent Myers represented the seller, a private investor. The units in Mi Casa range from 415 square feet to 1,183 square feet.
ARLINGTON — SkyWalker Property Partners is investing $250,000 into Phase I of the renovation of Cordovan Park, a two-building office property at 5850 W. Interstate 20 in Arlington. Cordovan Park spans 78,550 square feet and is managed by Cheryl Zellers of SCM Real Estate, an affiliate of SkyWalker Property Partners. The space is currently 70 percent leased to tenants like Arrow Child & Family Ministries.
DALLAS — Dallas-based Cypress Equities has secured a combined $187 million in loans for three retail properties in North Carolina, South Carolina and Texas. Carlyle/Cypress West 7th, LLP, a partnership with The Carlyle Group and Cypress, secured a $98 million bridge loan through GE Capital Real Estate for West 7th, a 660,865-square-foot mixed-use development in Fort Worth. The mixed-use development includes 254,107 square feet of first floor restaurant space, 103,220 square feet of Class A office space and 345 residential units. Proceeds from the bridge loan are refinancing existing construction loans from eight lenders. The 3-year, adjustable rate loan will go toward paying for future tenant improvement costs and leasing commissions.
COPPELL — Scentsy, Inc., a home fragrance company, is planning on opening a new 150,000-square-foot distribution center in Coppell. Scentsy plans to lease the space for its operations and the center is slated to open this month. The expansion is expected to add 190 new jobs, and the center is expected to handle approximately 27 percent of its U.S. orders.
PORT ARTHUR — Walker & Dunlop has provided a $5.97 million loan under the U.S. Department of Housing and Urban Development (HUD) Section 223 (a)(7) program for Pebble Creek Apartments, a 208-unit garden style apartment complex in Port Arthur. The apartment complex features a swimming pool, playground and laundry center, and is currently 95 percent leased. Walker & Dunlop's Carolyn McMullen provided the loan for the borrower, The Itex Group, based on a 37-year term and a 37-year amortization schedule.
PEARLAND — Holliday Fenoglio Fowler (HFF) has arranged a $3.7 million refinancing for Cullen Crossing, a 34,730-square-foot retail center at 8321 Broadway St. in Pearland, a suburb of Houston. Cullen Crossing is 94 percent leased to tenants Hallmark, Comcast Cable, Wingstop and Subway, and it features two pad sites occupied by Wells Fargo and McDonald's. HFF's Travis Anderson arranged the 10-year, fixed-rate loan with American United Life Insurance Co. on behalf of Cencor Realty Services.
SAN ANTONIO — Dallas-based Crow Holdings Capital Partners has purchased Quarry Village, a 10.7-acre mixed-use development in San Antonio. Quarry Village is San Antonio's first urban main street development and includes The Artessa, a 280-unit apartment community, and a 70,785-square-foot retail development. Holliday Fenoglio Fowler's Craig LaFollette represented the seller, San Antonio-based Embrey Partners, and equity partner Nationwide Insurance in the transaction. The Artessa features a 6,700-square-foot clubhouse, demonstration/catering kitchen, a climate-controlled wine-tasting room, public terraces, a multi-level bocce ball courtyard, two pools, two five-story parking garages and 46,000 square feet of balcony space. The retail portion includes tenants AMAR Cosmetics, Ann's Nails, Avant Salon/Spa, Clear Communications, EyeMasters, Five Guys, Jamba Juice, Max's Wine Dive, Nancy's Boutique, Nest Modern, New Balance, Red Mango, South Texas Saddlery, Starbucks, The Shoe Club and Urban Taco.