Texas

CBRE ARRANGES $13.6M FINANCING FOR COPPELL MARKET

by admin November 1, 2011

COPPELL — CBRE has secured $13.5 million in financing for the 90,225-square-foot Coppell Market, a grocery-anchored shopping center located at the northeast corner of North Denton Tap Road and Highway 121 in Coppell. The shopping center is anchored by a 69,800-square-foot Market Street store and was 97 percent leased at the time of closing. Scott Lewis of CBRE's Debt & Equity Finance Group in Dallas arranged the 10-year loan with a 30-year amortization schedule through Goldman Sachs Commercial Mortgage Capital on behalf of the borrower, an entity controlled by UCD Development and Rainier Capital Management.

November 1, 2011

ECOLAB LEASES 101,500 SF OF INDUSTRIAL SPACE IN FORT WORTH

by admin November 1, 2011

FORT WORTH — Ecolab has signed a 101,500-square-foot industrial lease at 1801 Riverbend W. Dr. in Fort Worth. Richard Minker of CASE Commercial Real Estate Partners' Fort Worth office represented the landlord, Michael Milliorn, and Ken Boyd of Dallas-based Jackson Cooksey represented the tenant.

November 1, 2011

Office Texas

WELLS FARGO EXPANDS LEASE AT INTERNATIONAL PLAZA III IN DALLAS

by admin November 1, 2011

DALLAS — Wells Fargo Capital Finance has signed a lease expansion/renewal for a total of 51,836 square feet of office space at the International Plaza III building, located at 14241 Dallas Pkwy. in Dallas. Tim Terrell of Dallas-based Stream Realty Partners and Jim Fish of Travers Realty's west Los Angeles office represented the tenant. The landlord is Newport Beach, Calif.-based KBS Realty Advisors.

November 1, 2011

Office Texas

SEVEN TENANTS LEASE SPACE IN PROVIDENCE TOWERS

by admin October 31, 2011

DALLAS — Seven tenants have executed leases for a total 33,185 square feet at the 510,528-square-foot Providence Towers, a Class A office tower located at 5001 Spring Valley Rd. in Dallas. The activity includes Confidence Music leasing 3,914 square feet; Risk Placement Services leasing 1,480 square feet; Custom Staffing leasing 3,934 square feet; The Hay Group leasing 8,285 square feet; Lucas Associates leasing 10,056 square feet; Mullin TBG Insurance Agency Services leasing 3,532 square feet and Paranet Solutions leasing 1,984 square feet. KBS partnered with Transwestern to complete these transactions.

October 31, 2011

Industrial Texas

30,000 SF VOSS ROAD STORAGE SELLS

by admin October 31, 2011

SUGAR LAND — An investment partnership has purchased the 30,000-square-foot Voss Road Storage at 15492 Voss Rd. in Sugar Land. The undisclosed seller was represented by Neil Martin and Taylor Schmidt of the Finial Group, and the buyer was represented by Eric Smith and Peter Meyer of Self Storage Brokers of America.

October 31, 2011

Hospitality Texas

GRANDBRIDGE ARRANGES $16.4M LOAN FOR TWO HOTELS

by admin October 28, 2011

GALVESTON — Grandbridge Real Estate Capital has secured a $16.4 million construction/permanent loan for an 85-room Marriott Courtyard and an 88-room TownePlace Suites, both located in Galveston. Gary Dunkum of Grandbridge's Houston office arranged the financing with an 18-month term for construction and a 5-year permanent loan with a 24-year amortization schedule through one of Grandbridge's correspondent lenders.

October 28, 2011

Retail Texas

CINETOPIA COMING TO THE BRIDGES AT CASTLE HILLS

by admin October 28, 2011

LEWISVILLE — Cinetopia has signed a letter of intent with Bright Realty to open a 70,000-80,000-square-foot theater at The Bridges at Castle Hills, a master-planned community being developed in Lewisville by Bright Realty. The Castle Hills Cinetopia will be the first Cinetopia location in Texas and will offer 16-18 screens. The theater will include a restaurant, a wine bar with indoor and outdoor seating and conference rooms for business meetings.

October 28, 2011

Restaurant Texas

M&M FINANCE A BURGER KING LOCATION IN OKLAHOMA CITY

by admin October 28, 2011

OKLAHOMA CITY — Marcus & Millichap has provided financing for a Burger King restaurant in Oklahoma. Christopher Marks of Marcus & Millichap's Manhattan office arranged the $500,000 loan based on a 5-year term with a 20-year amortization schedule through a national bank.

October 28, 2011

Hospitality Texas

GRANDBRIDGE ARRANGES $16.4M LOAN FOR TWO HOTELS

by admin October 27, 2011

October 27, 2011

Industrial Texas

171,065 SF INDUSTRIAL BUILDING IN FORT WORTH SELLS

by admin October 27, 2011

FORT WORTH — Harvey, La.-based Hydradyne Hyrdraulics has purchased a 171,065-square-foot industrial building, located at 4301 Empire Rd. in Fort Worth. Tom Walrich, Mark Graybill and Donnie Rohde of Lee & Associates' Dallas office represented the seller, Scottsdale, Ariz.-based Harmony Asset Management, in the transaction. Dave Anderson of CBRE's Dallas office represented the buyer.

October 27, 2011

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