ROCKWALL — Stan Johnson Co. has arranged the sale of a 5,005-square-foot retail building fully leased to Starbucks and Genghis Grill, located at 1699 Laguna Dr. in Rockwall. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, RM Crowe. Richard Fausset of Fausset Neely represented the buyer, a private investor, in the transaction.
THE WOODLANDS — RPC Oil and Gas has leased a 79,000-square-foot office/warehouse property, located in Black Forest Technology Park at 2828 Technology Forest Dr. in The Woodlands. The facility consists of 61,000 square feet of office space and approximately 18,000 square feet of warehouse space. Rob Banzhaf, Trey Halberdier and Tiffany Nuche of BANDIER Realty Partners represented the tenant, and the landlord, The Woodlands-based Black Forest Ventures, was self-represented by Sean Quinn.
MESQUITE — Dallas-based LIG Assets and Irving-based HQZ Partners have formed MedicalCampusGroup to fund, develop and jointly own the $250 million Peachtree Towne Center Project, a 60-acre mixed-use medical campus in Mesquite. Lawson & Associates are leading the fundraising efforts for the Peachtree Foundation, a nonprofit formed to support the new project. The project is designed to include a 400,000-square-foot hospital tower, 96,000 square feet of medical offices, a 40,000-square-foot clinic, retail stores, restaurants, loft-style residential units and a business class hotel. HQZ has already constructed a $3.7 million bridge that spans 480 feet.
MCKINNEY — Behringer Harvard has sold two parcels of developable land at a 56-acre mixed-use site on Custer Road in McKinney. Dallas-based Beazer Homes has purchased 12.9 acres for single-family housing, and the Dallas office of McCann Realty Partners has acquired 17.9 acres for multifamily housing.
BEAUMONT — NorthMarq Capital has arranged $1.02 million in first mortgage financing for the 89,000-square-foot San Jacinto Building, located in Beaumont. William Luedemann of NorthMarq's Houston office arranged the financing with a 10-year term and 10-year amortization schedule through StanCorp Mortgage Investors.
FORT WORTH — Bar Louie is opening a 6,503-square-foot store at West 7th, located on 7th Street and University Drive in Fort Worth. The new store is slated for a winter 2011 opening. Bar Louie is owned and operated by Addison-based BL Restaurant Operations. Myles Kelley of Fort Worth-based Realty Ventures and Greg Bracchi of Edge Realty Partners' Dallas office represented the tenant, and David Thomas of The Retail Connection's Dallas office and Rodger Chieffalo of Fort Worth-based Chieffalo Realty represented the landlord, Cypress Equities.
HOUSTON AND MCKINNEY — The board of directors at St. Louis, Mo.-based Emerson has approved the investment of approximately $55 million for two construction projects in Houston and McKinney. Emerson will invest $30 million to build a 205,000-square-foot engineering and manufacturing headquarters in Houston for the Emerson Process Management's valve automation business. Construction is slated to begin in early 2012. Emerson will also invest approximately $25 million to build a three-story, 132,000-square-foot headquarters for the Emerson Process Management's regulator technologies business in McKinney. Construction is expected to begin in early 2012 and be delivered in late 2013.
CORPUS CHRISTI — Monmouth Real Estate Investment Corp. has acquired a 46,253-square-foot industrial building, located at Pinson Drive and Business Center Drive in Corpus Christi, for $4.9 million. The property is net-leased through 2021 to FedEx Ground Package System. Jones Development Co. constructed the building earlier this year.
LUBBOCK — Holliday Fenoglio Fowler has secured acquisition financing for a 71,238-square-foot Market Street supermarket, located at 19th Street and Quaker Avenue in Lubbock. Mark West, Coler Yoakam and Brandon Chavoya of HFF's Dallas office arranged the financing through Wells Fargo Bank on behalf of the borrower, United Supermarkets.
AUSTIN — Marcus & Millichap represented both parties in the sale of the 17,234-square-foot Hamilton Plaza Office Building, located at 3700 W. Parmer Ln. in Austin. Greg Gaynor, Joshua Swank and Ron Hebert of Marcus & Millichap's Austin, San Antonio and Dallas offices, respectively, represented the buyer, a private investor, and the seller, a bank/financial institution, in the transaction.