SAN ANTONIO — Austin-based Linsalata Realty Services has brokered the sale of a 6,427-square-foot shopping center, located at 6620 FM 78 in San Antonio. The property is fully leased to three tenants. Joe Linsalata of Linsalata Realty Services represented the buyer, Kim and Peter Tran, in the transaction. Dick McCaleb of San Antonio-based RFM Commercial represented the seller. Bruce Graham of Chase Bank of Austin was the loan officer for the acquisition financing.
HOUSTON — HFF has arranged the sale of a 65-acre land parcel owned by City Bank consisting of two sites, located at the intersection of Beltway 8 and West Lake Houston Parkway and on the southern side of West Lake Houston Parkway. Davis Adams of HFF's Houston office led the team to represent the seller in the transaction. Trillium Group purchased the property at an undisclosed price.
DALLAS — Addison-based TriVest Residential has merged with Dallas-based Henry S. Miller Family of Cos. and will operate under Henry S. Miller Realty Management. TriVest's management portfolio includes 6,000 multifamily units in the southwest, as well as medical, office and retail properties. TriVest will move its Addison office to Henry S. Miller's Dallas/Fort Worth corporate office at Providence Towers.
HOUSTON — Los Angeles-based TPG/CalSTRS, an affiliate of Thomas Properties Group, has sold the 806,004-square-foot Brookhollow Central, a three-building office property located 2800 N. Loop W. in Houston, for $8 million after closing costs and mortgage debt repayment. The sale comes after Thomas Properties Group repositioned the complex, including Comerica Bank's 220,000-square-foot lease.
DALLAS — Grapevine-based SQN Realty Finance and Houston-based Allen Harrison Co. have partnered to purchase the 240-unit Chimney Hill Apartments, located at 9637 Forest Ln. in Dallas. The property is approximately 90 percent occupied and is undergoing renovations. AHC Construction, an affiliate of Allen Harrison Co., will oversee property renovations, and Houston-based Mosaic Residential will manage the apartment complex.
HOUSTON — NAI Houston has arranged the sale of a 18,250-square-foot manufacturing facility, located at 11010 Wallisville Rd. in Houston. Chris Kugle and John Ferruzzo of NAI Houston represented the buyer, Zinc Texas Real Estate, in the transaction. Ryan Fuselier of Jones Lang LaSalle's Houston office represented the seller, Covalence Specialty Adhesives.
HOUSTON — Marcus & Millichap has brokered the sale of the 10,300-square-foot North Main Shopping Center, located at 2124 N. Main St. in Houston. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction.
FORT WORTH — Hillwood Communities has entered into a joint venture with Dallas-based Realty Capital Management to develop approximately 1,000 acres of land, located at the northwest corner of Interstate 35 West and FM 407 between Fort Worth and Denton, for a new master planned community known as Belmont. The project will feature 130 acres for mixed-use developments and 2,500 residential homes. The joint venture is expecting to break ground on the development in the summer of 2012.
BRYAN — A $26 million, 130,000-square-foot clinical facility, located on the Texas A&M Health Science Center Bryan campus in Bryan, has been completed. The Class A office, clinical and educational facility will serve the Texas Brain and Spine Institute, Mary Crowley Cancer Research Centers and Blinn College Allied Health programs, as well as the Texas A&M Health Science Center College of Medicine. Rose Rock Capital and U.S. HealthRealty developed the project and provided financing, BOKA Powell was the programmer, designer and architect of record, and Skanska USA Building provided construction manager services.
COLLEGE STATION — Woodridge College Station, an affiliate of Los Angeles-based Woodridge Capital Partners, has plans with Capstone Collegiate Communities to develop the Plaza at College Station, located on an 11.6-acre site at University Drive and Texas Avenue in College Station. The property will combine student housing with retail, restaurants and public spaces. Humphreys & Partners Architects will design the development, which is slated to break ground in summer of 2012.
