HOUSTON — The 99,727-square-foot Stella Link Center, anchored by Conn's, Citi Trends and O'Reilly's Auto Parts at 91117-9335 Stella Link Dr. in Houston, has sold for $6.8 million. Cincinnati-based Phillips Edison & Co. sold the retail property to Houston-based Festival Properties. Situated on 7.5 acres, the original building was built in 1960 and an additional building was added in 1978. Eric Wohl and Edward Hanley of Hanley Investment Group Real Estate Advisors represented the seller, while Marvin Stapper of M.M. Stapper Co. represented the buyer.
Texas
ROUND ROCK — The Wyoming Springs Assisted Living and Memory Care facility, located at 7230 Wyoming Springs Dr. in Round Rock, has broken ground. The 90,000-square-foot senior community will feature 102 assisted living units, 32 of which will be dedicated to memory care residents. Amenities will include stainless steel refrigerators and microwaves, walk-in closets and emergency call systems in each unit. Austin-based TRISUN Healthcare and Prevarian Senior Living are developing the property.
HOUSTON — John Janik, dba Electronic Power Design, has purchased 15200 Interstate 45 North, a 254,000-square-foot office/warehouse building situated on 19.3 acres in north Houston. Bill Rudolf and Gray Gilbert of CB Richard Ellis represented the seller, W.P. Carey & Co., LLC. Don Haley of Haley Martin Associates and Jack Butera of Butera Properties represented Electronic Power Design.
HOUSTON — B-Doune Investments has purchased a 10,800-square-foot industrial building at 1631 and 1633 Oak Tree Dr. in Houston. Darren O'Conor and Jim Autenreith of NAI Houston represented the seller, Roderick Wiggins. Cecille Sangalang of Sangalang Realty Group represented B-Doune Investments.
HOUSTON — Direct Airflow Distributors, Inc., dba Coastal HVAC Supply, has signed a 53,350-square-foot lease in Greenspoint Business Center, Building B in Houston. The company will relocate to the space in August from another 30,000-square-foot facility in Houston. Atlanta-based IDI owns Greenspoint Business Center, which features three existing industrial facilities for a total of 406,000 square feet as well as pads for five additional build-to-suit or speculative buildings for a total of 1.1 million square feet. The 106,700-square-foot Building B was developed in 2008 and is currently occupied by Merla, LLC, which has 26,000 square feet. Andy Iverson and Griffin Rich with Jackson & Cooksey represented Coastal HVAC Supply in the lease, while Ben Newell represented IDI.
WEST ODESSA — A 6,446-square-foot AutoZone, a single-tenant, net-leased property, has sold in West Odessa. The buyer, a limited liability company, was secured and represented by Ray Germain, an investment specialist in Marcus & Millichap's Las Vegas office. The retail property is located at 420 N. County Rd.
HOUSTON — DriveTime has purchased the former Beck & Masten car dealership at 11205 Gulf Freeway in Houston. The 8.8-acre tract included a 22,339-square-foot showroom and maintenance facility. The buyer was represented by John Ferruzzo and Stephen Tou of NAI Houston. Christopher Klein of Colliers International represented the seller, Barnett Realty, Inc.
DALLAS — A single-story, 73,349-square-foot industrial-flex building located at 2800 W. Mockingbird Ln. in the Love Field submarket of Dallas has been acquired by Shreveport, La.-based Roundtree Automotive Group LLC, a group of new car dealerships operating in Texas, Louisiana and Alabama. Behringer Harvard Mid-Term Value Enhancement Fund I LP purchased the property in 2005. It was leased for approximately 10 years to Government Records Services, Inc., part of Affiliated Computer Systems (ACS), a provider of business process and information technology outsourcing solutions, before the company vacated the property in November 2010.
DALLAS — A 42,083-square-foot warehouse situated on 2.11 acres at 1108-1114 Quaker in Dallas has sold. Mercantile-Quaker LLC sold the industrial property to Jewmor Holdings Limited Liability. Allen Gump, Phil Rosenfeld and Matt Thompson of Colliers International represented the seller, while Clint Riley of Transwestern represented the buyer.
DALLAS — The Hilton Dallas/Park Cities, a 224-room, full-service hotel located at 5954 Luther Ln. in Dallas, has changed hands. Apple Nine Hospitality Ownership purchased the hotel for an undisclosed amount. Originally built in 2001, the property was renovated in 2010 and features 5,000 square feet of meeting space, a full-service restaurant and bar, a 24-hour fitness center, an outdoor swimming pool and a club lounge. John Bourret, Whitaker Johnson and Dan Peek of HFF represented the unlisted seller.