SAN ANTONIO — San Antonio-based Ironsight Properties has purchased a 11,500-square-foot office building, located at 14414 Blanco Rd. in San Antonio, from San Antonio-based GSSW EC Ventures. Sandi Leone of 4M Realty's San Antonio office represented the buyer in the transaction, and Carrie Caesar of CBRE's San Antonio office represented the seller.
THE WOODLANDS — The Woodlands Development Co. will soon break ground on the 192,000-square-foot 3 Waterway Square Place, a nine-story office building located in The Woodlands Town Center at the corner of Lake Robbins Drive and Woodloch Forest Drive in The Woodlands. The building was designed by Boston-based Elkus Manfredi. The top three floors are pre-leased to Nexeo Solutions. The building is slated for an early 2013 completion.
GARLAND — Vu Investments has acquired the 145,171-square-foot USDA processing plant, located at 209 Range Dr. in Garland. Vu Investments plans to use the facility as a printing and paper recycling operation. Kipp Collins of Binswanger's Dallas office represented the seller, Cincinnati-based Advance Pierre Foods.
HOUSTON — CBRE has arranged $19.2 million in financing for 2603 Augusta, a 242,447-square-foot office building in Houston's Galleria area. Bernard Branca of CBRE's Houston office, along with John Clifford and Keith Huizinga of the firm's Chicago office, arranged the 3-year loan through Bank of America on behalf of the borrower, CBRE Strategic Partners U.S. Value 5, LP.
HOUSTON — NorthMarq Capital has arranged $4.3 million in first mortgage financing for the 140,000-square-foot McCoy showroom/warehouse, a building occupied by McCoy Workplace Solutions, located at 6869 Old Katy Rd. in Houston. Kerry French of NorthMarq's Houston office arranged the financing based on a 10-year term with a 20-year amortization schedule through UnumProvident on behalf of the borrower, a joint venture between a regional development company and a national real estate fund.
PASADENA — Bravo Ranch Supermercado has signed a 42,130-square-foot retail lease to occupy space at South Richey, a community center located in Pasadena. The Hispanic grocery store is slated to open in April 2012 in a space that Kroger used to occupy. The landlord, Whitestone REIT, was self-represented by Rafael Melara. Earl Harris of Weitzman Commercial's Dallas office represented the tenant in the transaction.
CEDAR PARK — Inland Western Retail Real Estate Trust has acquired the 486,896-square-foot 1890 Ranch, a shopping center located at 183-A Toll Road and East Whitestone Boulevard in Cedar Park, for $97.6 million. The shopping center includes tenants such as PetSmart, Academy Sports, Cinemark and Ross Dress for Less.
SAN ANTONIO — Stockholm, Sweden-based Skanska USA has signed an $80 million contract to construct Phase II of Wilford Hall Ambulatory Surgical Center at Lackland Air Force Base in San Antonio. The project includes a 27,700-square-foot addition for the U.S. Army Corps of Engineers. Skanska is expected to begin construction in November and completion is slated for September 2013.
AUSTIN — Houston-based GSL Welcome Group has acquired the 54,865-square-foot Tuscany Technology Center Building 4, an office/flex facility located in the Tuscany Center at Walnut Creek at U.S. 290 and Tuscany Way in Austin. The building is leased to Gila Corp. Timothy Heinrich and Blake Royal of Houston-based BoyarMiller's Business Group represented the buyer. The seller was McShane Development Co.
AMARILLO — Canyon Long Term Care has plans to build a 120-bed skilled nursing facility in Amarillo. Canyon is working with LTC Properties, the landlord, to develop the 50,000-square-foot facility. The new facility will replace an old healthcare facility in Canyon and will feature multiple dining areas and private rooms with bathrooms and showers. Construction is slated to begin this year and the facility is expected to open in late 2012.