SAN ANTONIO — CB Richard Ellis has arranged the loan refinance of Promontory Pointe, a 596-unit apartment community located at 4114 Medical Dr. in San Antonio. CBRE’s Charles Foschini, Christian Lee, Tracy Kennedy and Christopher Apone arranged the financing through Freddie Mac on behalf of Advenir@Promontory, LLC, which owns Promontory Pointe. The loan has a 10-year term with an extended interest-only financing period at 80 percent loan-to-value. The apartment community was built in 1995 and features two swimming pools and two tennis courts.
HOUSTON — LMI Capital has arranged $38 million in acquisition financing for nine apartment communities totaling 2,364 units in Houston. The loans were a mix of bridge and permanent funding through nine different lenders, including Fannie Mae. LMI Capital’s Jamie Mullin and Brandon Brown arranged the financing for the properties, including Applewood Townhomes, Bellestone Villas, Colony Oaks, Indigo Falls, Madison Bear Creek, Palm Bluffs, Trails of Woodlake, Water Mill and Westheimer Terrace.
ARLINGTON — An affiliate of Southside Financial Group, a subsidiary of Southside Bank, has acquired a 19,475-square-foot office building at 700 W. Arkansas Ln. in Arlington. The one-story office building sits on a 5-acre parcel. Chase Bank occupies 9,617 square feet, and Southside Financial plans to occupy the remaining 9,858 square feet. SCM Real Estate Services’ Gary Walker and Renee Efimoff represented Southside, and CB Richard Ellis’ Bryan Graham represented the seller.
HOUSTON — AF Westchase LLC, a joint venture between Adler Real Estate Fund and TriGate Capital, has purchased Westchase Corporate Park, a 177,000-square-foot flex park consisting of 13 buildings at 11201-11331 Richmond Ave. in Houston, for $9.8 million from PS Business Parks. Westchase Corporate Park is 85 percent occupied with tenants like Honeywell, Western Geophysical, Men’s Wearhouse, MI Swaco, BMC Software, American Express, GE Capital and JP Morgan Chase. CB Richard Ellis brokered the sale on behalf of PS Business Parks. Miami-based Adler Group manages AF Westchase.
KILLEEN — NorthMarq Capital has arranged $14.5 million in first mortgage financing for two hotel properties in Killeen — a Holiday Inn and the Candlewood Suites of Killeen — totaling 170 rooms. Dhaliwal Enterprises borrowed the money based on a 5-year term with a 25-year amortization schedule. Rup Patel of NorthMarq’s Chicago office arranged the financing through NorthMarq’s relationship with a CMBS lender.
FORT WORTH — Touchstone Wireless Repair and Logistics has signed an 85,002-square-foot lease expansion at 4500 Cambridge Rd. in Fort Worth, bringing the company’s total square footage to 216,300 square feet at the site. John Brewer and Steve Koldyke of CB Richard Ellis represented the landlord, TIAA-CREF, and Jones Lang LaSalle’s Dave Richards, Michael Corr, Nathan Orbin, Denice Michel and Ben Phillips represented Touchstone.
DALLAS — MetLife has named Jones Lang LaSalle (JLL) the exclusive leasing agents for its Turtle Creek Centre, a 312,000-square-foot office building at 3811 Turtle Creek Blvd. in Dallas. JLL’s Daryl Mullin, Steve Everbach and Conor McCarthy are handling the leasing efforts. The office building features a health facility, a deli and on-site security. The building is currently 82 percent leased to tenants such as Communications Sciences Corp., Wilson Associates and Jackson Lewis, LLP.
DALLAS, FORT WORTH AND ARLINGTON — A portfolio of three 7-Eleven convenience store sites recently traded for $6.4 million. Alvin Mansour from The Mansour Group of Marcus & Millichap Real Estate Investment Services represented the seller. The locations of the three assets include 9235 John W. Carpenter Freeway in Dallas; 1908 Yucca Ave. in Fort Worth; and 100 E. Interstate 20 in Arlington.
DUNCANVILLE — A medical office building leased to Southwest Endocrinology & Diabetes at 1014 E. Wheatland Rd. in Duncanville has traded hands. The property includes 5,800 square feet of rentable space, and it sits on 0.51 acres. Tanner McGraw and Eric Bouchard of Marcus & Millichap’s Houston office represented the seller, and Drew Kile and Chase Bechtel of Marcus & Millichap represented the buyer.
GARLAND — MMUC Properties has purchased a 10,000-square-foot warehouse at 428 N. 1st St. in Garland from Bell’s Conversions, Inc. Chris Stout of Dallas-based Bradford Commercial Real Estate Services represented Bell’s, and Mike Gravit of Gravit Co. represented MMUC. The single-story building includes eight dock doors and an 18-foot ceiling.