TULSA, OKLA. — Woods Cross, Utah-based Go Natural CNG is opening a 7,000-square-foot sales and installation facility, located at 4116 S. 88th E. Ave. in Tulsa. The firm's partner, AutoSource Motors, will also be sharing the new facility.
WOODVILLE — Gemma Power Systems has signed an engineer-procure-construct contract with East Texas Electric Cooperative for a $165 million agreement to develop a biomass-fired power plant near Woodville. The project is slated for a December 2014 completion.
HOUSTON — Miami-based Parmenter Realty Partners has acquired the 225,727-square-foot Woodland Park Plaza, an office building located at 11490 Westheimer Rd. in the Westchase submarket in Houston. The acquisition was purchased through Parmenter's institutional fund, Parmenter Realty Fund IV. The property was 68 percent leased at the time of the acquisition.
HOUSTON — A $15 million, top-to-bottom renovation of the 360,000-square-foot Marq*E Entertainment Center, located at 7620 Katy Freeway in Houston, is now complete. The property is owned by Houston-based Fidelity Realty Advisors and Los Angeles-based Canyon-Johnson Urban Funds, a joint venture between Canyon Capital Realty Advisors and former NBA star Earvin “Magic” Johnson. Fidelity oversaw the renovation, which included adding three new pad sites totaling 25,000 square feet, demolishing a building fronting, enhancing signage, adding a new Houston Police Department storefront, landscaping and adding approximately 240 new parking spaces. The development has also added new tenants including Bank of America, T-Mobile, Subway, Panda Express and Chik-fil-A.
HOUSTON — Ross Dress For Less has opened a 21,121-square-foot store, located in North 45 Plaza in Houston. North 45 Plaza is a 132,239-square-foot retail development owned by Brixmor Property Group.
DALLAS — Dallas-based Caddo Holdings has acquired a three-building portfolio in Dallas that consists of approximately 281,000 square feet of office and retail space. Caddo purchased the buildings — located at 2811 McKinney Ave., 2501 Cedar Springs Ave. and 3400 Carlisle St. — from an undisclosed Texas-based seller. Creighton Stark of Colliers International's Dallas office negotiated the transaction. American Bank of Texas provided financing for the portfolio. Caddo will manage the portfolio and Nathan Durham of PM Realty Group's Dallas office will handle the portfolio's leasing.
FORT WORTH — McCann Realty Partners has acquired the 264-unit Wynhaven at Westpoint Apartments, a garden-style community located at 1200 Scenic Vista Dr. in Fort Worth. The community will be renamed Westpoint at Scenic Vista and will be managed by Alpharetta, Ga.-based Pegasus Residential. The acquisition was partially funded by a Freddie Mac mortgage loan with a 7-year term.
ARLINGTON, LEWISVILLE AND FORT WORTH — Bethesda, Md.-based Beech Street Capital has provided $13.8 million in Fannie Mae loans to refinance three apartment complexes totaling 650 units in Arlington, Lewisville and Fort Worth. Larry Sneathern of Beech Street's Dallas office arranged the financing for each complex with 10-year terms.
HOUSTON — New York City-based Angelic Real Estate has secured a $4.57 million loan for the acquisition and tenant improvement costs for 221,000 square feet of office space in High Ridge Business Park, located at 5750 N. Sam Houston Pkwy. E. in Houston. The property has been REO for several months and was 42 percent leased at the time of purchase. Angelic arranged the fixed-rate financing with a 3-year term on behalf of the borrower, a Houston-based private equity firm.
IRVING — Dallas-based Bradford Commercial Real Estate Services has brokered the sale of a 8,348-square-foot retail property, formerly a Pancho's Mexican Buffet restaurant, located at 8312 Camp Bowie W. in Irving, to a Houston-based investor. Brian Scott and Karen Simon of Bradford Commercial represented Rockbay Properties II Ltd., parent of the Pancho's location, in the transaction.