GRAND PRAIRIE — 2M Solutions has purchased a 26,133-square-foot office building, located at 800 Greenview Dr. in Grand Prairie, from Southwest Securities FSB. Michael Stanzel of NAI Robert Lynn's Dallas office represented the buyer in the transaction, and Brett Heinen and Jerry Averyt of Henry S. Miller's Dallas office represented the seller.
MISSION — FREEBIRDS World Burrito is opening a new 2,705-square-foot restaurant, located at 2521 E. 83, Ste. 600 in Mission. Concept owner, Emeryville, Calif.-based Tavistock Restaurants, operates 56 FREEBIRDS restaurants in Texas and California. The restaurant will be open to the public on Nov. 10.
HOUSTON — Morgan Keegan, a brokerage and investment banking firm, has leased the entire 43rd floor and part of the 41st floor, a total of 24,357 square feet, in San Felipe Plaza, a Class A office building located at 5847 San Felipe St. in Houston. San Felipe Plaza spans 980,472 square feet and is currently 89 percent leased. Chip Colvill, Michael Anderson and Win Haggard represented the landlord, TPG/CalSTRS, a joint venture between Los Angeles-based Thomas Properties Group and the California State Teachers' Retirement System, in the lease transaction. Brad Marnitz of NAI Houston represented the tenant.
UVALDE — Marcus & Millichap has brokered the $2.1 million sale of the 115-bed Uvalde Healthcare & Rehabilitation Center, located at 535 N. Park St. in Uvalde. Douglas O'Toole Marcus & Millichap's Houston office and Rob Reis of the firm's San Francisco office represented the seller, a limited liability company, in the transaction and procured the buyer, a partnership.
FORT WORTH — Huon Chhaou LP has sold the 54-unit Ridglea Square Apartments, located at 6020 Malvey Ave. in Fort Worth, to a local investor. The property was 88 percent leased at closing and will undergo interior and exterior renovations immediately. Boyan Radic and Mason Green of Marcus & Millichap's Fort Worth office represented both parties in the transaction.
DESOTO — SPAR Five Group has purchased a 17,090-square-foot office/warehouse investment property, located at 201 Executive Way in DeSoto. Jim Turano of Henry S. Miller Brokerage's Dallas/Fort Worth office represented the seller, U.S. National Bank Group, in the transaction. The buyer was represented by Graham Sparrow of Hi View Real Estate's Ellis County office.
RICHARDSON — The Institutional Property Advisors (IPA) group of Marcus & Millichap has brokered the sale of the 285-unit The Venue, a 283,577-square-foot multifamily development located in the Telecom Corridor at 2301 Performance Dr. in Richardson. The development also includes 6,000 square feet of retail space. Will Balthrope and Lindsay Allen of Marcus & Millichap's Dallas office represented the sellers, Foster City, Calif.-based Legacy Partners Residential Development and Boston-based The General Investment & Development Companies in the transaction. The buyer was Chicago-based Amli Residential.
MARSHALL — Deerfield Beach, Fla.-based SIKON Construction has commenced construction on the $13 million, 500-bed Wiley Hall Student Housing Facility, located at Wiley College in Marshall, on behalf of Student Suites of Independence. The three-story facility was designed by Dallas-based Randall Scott Architects and is slated for occupancy in the fall of 2012.
PEARLAND — Houston-based Kelsey-Seybold has been chosen to build a 170,000-square-foot office building on an 18-acre site on the corner of Kirby Drive and Shadow Creek Parkway in Shadow Creek Ranch, a submarket of Pearland. The healthcare organization worked with the Pearland Economic Development Corp. for the building's development. The four-story building is being designed by Houston-based Powers Brown Architecture and will be constructed by E.E. Reed Construction. The new facility will serve as Kelsey-Seybold's administrative offices and is slated for completion in 18 months.
DENTON — The University of North Texas has acquired the 117,000-square-foot Woodhill Square, a multi-building office complex located at the intersection of Dallas Drive and Teasley Lane in Denton. The school will occupy approximately 30,000 square feet, and eventually the school will occupy the complex in phases. Teri Dorazil of CBRE's Dallas office represented the buyer in the transaction. The undisclosed seller was self-represented.