HOUSTON — NorthMarq Capital has secured permanent acquisition financing for the 390-unit Bristol Place Apartments, a multifamily community located at 11245 W. Rd. in Houston. Greg Duvall of NorthMarq's Kansas City, Kan., office arranged the 10-year loan with a 30-year amortization schedule through AmeriSphere Multifamily Finance on behalf of the borrower, Bristol Place Apartments LP. AmeriSphere is a Fannie Mae DUS lender.
DALLAS — Plano-based Priority Fulfillment Services has leased 78,060 square feet of office space at Renaissance Tower, located at 1201 Elm St. in downtown Dallas, from Binyan Realty. Dennis Barnes, Celeste Fowden and Clay Gilbert of CBRE's Dallas office represented the landlord in the lease transaction. Rick Hughes of Cushman & Wakefield's Dallas office represented the tenant.
HOUSTON — Fallas Discount Stores will open a new 22,000-square-foot store at Steeplechase Shopping Center, located at the northwest corner of FM 1960 and Jones Road. The store will be Fallas' 25th location in the greater Houston area. Shawn Ackerman of the Henry S. Miller Brokerage's Houston office represented the tenant in the lease transaction. Jason Du of the firm's Houston office represented the landlord, Jones 1960 Crossroads. Steeplechase is currently 90 percent leased to tenants such as Citi-Trends, Palais Royal, 99 Cent Only, Dollar Tree and Anna's Linens.
DALLAS — Arlington-based Ascension Group Architects has finished the $98 million expansion of Forest Park Medical Center, located at 11990 N. Central Expressway in Dallas. The expansion included three additions: a 125,000-square-foot surgical facility, a 138,000-square-foot facility connecting to the hospital through the lobby and a 780-vehicle parking garage with a covered walkway. Adolfson & Peterson Construction served as the general contractor.
DALLAS — Houston-based Boxer Property has purchased two office properties totaling 205,941 square feet, located at 13140 Coit Rd. and 14800 Quorum Rd. in the Quorum Business Park in north Dallas. The Coit Road building, also known as Office Alpha, is currently 84 percent leased and 14800 Quorum is currently 96 percent leased. Mike Hardage and Steve Simon of Transwestern's Dallas office represented the seller, KBS Realty Advisors, in the transaction. Boxer Property was self-represented.
ODESSA — American Realty Capital Healthcare Trust has purchased a ground leasehold interest in the 230-bed Odessa Regional Medical Center, an on-campus medical office building fully leased to Odessa Regional Hospital located at 520 E. Sixth St. in Odessa, for $7.4 million. The tenant lease expires in May 2023 and the ground lease expires in July 2057.
HOUSTON — Jones Lang LaSalle has arranged the sale of the 168,956-square-foot 1800 Bering, a 10-story Class B office building located in Houston's San Felipe/Voss submarket. JLL also arranged debt financing for the buyer, Bering Office Partners LLC, a joint venture between Harbert United States Real Estate Fund IV and Houston-based Fuller Realty Advisers. Rudy Hubbard, Paul House and Leah Gallagher of JLL's Houston office arranged the financing.
BEAUMONT — The 17-story Edison Plaza complex, the only Class A office building in southeast Texas, has been purchased by AlbaneseCormier Holdings. The building is located in Beaumont's Central Business District. AlbaneseCormier plans to renovate the property to include a fitness center and a dining facility.
FORT WORTH — Construction has begun on a new 30,000-square-foot retail development and outdoor plaza at City Place, located at Throckmorton and Third streets in Fort Worth's Central Business District. The property was designed by WDG Architecture's Dallas office and is being built by Rogers-O'Brien Construction. Chris Corbin, Michael Dearden and Theo Thompson of Venture Commercial's Dallas office will handle retail leasing for the property, which is being developed by Dallas-based Spire Realty Group.
DALLAS — The Cirrus Group and Dallas-based Realty Capital Partners has sold the 60-bed Reliant Rehabilitation Hospital, located at 7930 Northaven Rd. in Dallas, to American Realty Capital. The hospital was fully leased to Reliant Healthcare Partners and 20 physician practices at the time of the sale.
