TEXAS — Houston-based NewQuest Properties has facilitated four recent land purchases or leases. These include: NewQuest has leased 4,200-square-feet of land to Panera Bread in Victory Lakes Town Center at Interstate 45 and FM 646 in League City. Heather Nguyen represented NewQuest in-house and Matt Strange of SmithCo Development represented Panera. NewQuest represented the landlord in leasing 1,575 square feet of space to Orange Wave at The Shops at Fry Rd in Cypress. Nguyen and Rebecca Le represented NewQuest in-house and Blake Virgilio of Cardwell Cos. represented the tenant. NewQuest represented Trustmark National Bank in the sale of 19.9 acres at Beltway 8 and Fallbrook in Houston. Jeff Lokey and Ryan Sweeney represented NewQuest, and Joseph Smith and Carson Underwood of CB Richard Ellis represented the buyer. NewQuest represented Inland American Retail Management in leasing 1,350 square feet of land to Smart Drinks & Sports Nutrition in Eldridge Lakes Town Center in Houston. Bob Conwell represented NewQuest and Mark Raines of CB Richard Ellis represented the tenant.
TEXARKANA — EnTrust Realty Advisors has brokered the sale of the 17,500-square-foot Texarkana Surgery Center in Texarkana. EnTrust Realty represented the owner, The Westminster Funds, in the transaction. New York-based American Realty Capital Healthcare Trust Inc. purchased the property. The site is a single story and houses the ambulatory surgery center and is 100 percent leased by Texarkana Surgery Center, L.P.
KATY — Houston-based Vista Equities Group reports a rise of lease activity in its mixed-use town center development, LaCenterra at Cinco Ranch, in Katy. Retailers have leased 3,100 square feet of Phase I retail space and almost 6,000 square feet of office space. New retailers include Another Round and Flip Flop Shop, and other retailers include Amerejuve Med Spa, Retina Consultants and Eventsia Group. The leasing activity has prompted Phase II construction on 36,000 square feet of retail space that will commence this fall, with an opening of spring 2012 expected.
HOUSTON — Bio-Path Holdings, Inc., has consolidated its offices into one central location in Houston. Bio-Path will now be headquartered at 2626 South Loop, Suite 180, which is located on the south side of the Texas Medical Center near The University of Texas MD Anderson Cancer Center. Bio-Path is a biotechnology company developing a liposomal delivery technology for nucleic acid cancer drugs.
TEXAS — RWJP Star Enterprises will expand its Carl’s Jr. franchise to four new locations in Garland, Balch Springs, Lufkin and Beaumont by the end of the year, bringing the total number of Carl’s Jr. restaurants in Texas to 48. RWJP has: Leased a 2,911-square-foot building in Garland, which is expected to open in September. Purchased a 31,504-square-foot parcel of land near Interstate 635 and Lake June Road in Balch Springs. The restaurant is expected to open at the end of August. Bruce Harbour of Harbour Realty represented the seller in the transaction. Purchased a 0.666-acre tract of land at 1301 South First Street in Lufkin. The restaurant is scheduled open in mid-August. Purchased a 0.813-acre tract of land near Highway 69 and Lucas Drive. The restaurant is slated to open in mid-September. Andy Burns of Burns Properties, Inc. represented the seller.
DALLAS — Phoenix-based Hendricks & Partners has facilitated the sale of Lochwood, a 190,000-square-foot multifamily property, at 11117 Lochwood Blvd. in Dallas. Lochwood is a garden-style community built in 1958 and includes 200 units. McKinney-based Live Oak Lochwood bought the property from JPMorgan Chase & Co./En Quernus Holding Corp. Peter Hartnett and Chuck LaBenz of Hendricks & Partners represented the seller.
IRVING — Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc., has opened a 3,200-square-foot office in Irving, which will serve as the subsidiary’s Texas headquarters. The office is located at 1200 Walnut Hill Lane, Ste. 1300 in Irving. Ben Appleby Sr. of PM Realty Group was lead broker for Pepco’s expansion. Pepco Energy has completed more than 450 energy services projects in the past 15 years worth more than $850 million.
FORT WORTH — Boston-based STAG Industrial has acquired two properties in a $17.9 million deal, a 101,500-square-foot industrial facility in Forth Worth and a 420,690-square-foot industrial facility in Gresham, Ore. The Forth Worth manufacturing and distribution facility sits on 5.95 acres and is 100 percent leased to Ecolab, which has approximately seven years left on its term. The facility is located at 1801 Riverbend West Dr.
AUSTIN — Regency Centers has leased a combined 15,000 square feet of retail space in Austin to six new tenants: Pure Barre has opened 1,750 square feet of retail space at North Hills Town Center, which brings the center to 100 percent occupancy. CommUnity Care has leased 4,000 square feet of office space in the Hancock Center and is scheduled for a November opening. Mr. Gatti’s Pizza has leased 2,373 square feet of space in the Hancock Center and is scheduled to open in October. T-Mobile has leased 2,060 square feet of retail space in the Hancock Center and is slated to open this month. Gamerz has leased 2,177 square feet of retail space in the Hancock Center and is scheduled to open this month. Hancock Center is now at 97 percent occupancy. Brush 32 Dental Wellness Center has leased 2,784 square feet of retail space at Market at Round Rock shopping center and is slated for a September opening.
DALLAS — Common Wealth Industrial Center, a 108,795-square-foot flex industrial center in Dallas, has received a $2.9 million loan through Summit Investment Partners. Thomas D. Wood Jr. of Thomas D. Wood & Co. secured the loan with a 10-year term and a 20-year amortization schedule with a fixed 5.85 interest rate. The center is a multi-tenant and is located at 3131 Irving Blvd.