SHAWNEE, OKLA. AND LAKE JACKSON — Northbrook, Ill.-based StreetMac Asset Managers has acquired the Brazos Mall in Lake Jackson and the Shawnee Mall in Shawnee, Okla., hrough a joint venture with Stamford, Conn.-based Five Mile Capital Partners. Brazos Mall spans 682,831 square feet and houses Dillard's, JC Penney, Sears, Starplex Cinema, Ross, Palais Royal and Powerhouse Gym. Shawnee Mall spans 453,861 square feet and includes Dillard's, JC Penney, Kohl's and Sears. The seller was Lightstone Properties. Chicago-based Urban Retail Properties will serve as property manager and leasing agent for both malls.
Texas
THE WOODLANDS — Bayway Cos. has purchased a 5-acre parcel in The Woodlands for the construction of a 25,000-square-foot Volkswagen dealership. The dealership is slated to open in mid-2012. Todd Edmonds and Cody Christoph of Colliers International represented the seller, The Woodlands Development Co.
DUNCANVILLE — RaceTrac has purchased 80,000 square feet of land in Duncanville, located at 515 Cockrell Hill. Dan Garrett of John T. Evans Co. brokered the transaction, along with Bill Booker of Sundance Square.
GARLAND — Evercare Pharmacy, an affiliate of Health Mart, has opened a 1,050-square-foot location at Village Plaza, located at the corner of West Walnut Street and North Jupiter Road in Garland. Brixmor Property Group owns Village Plaza.
WEBSTER — Scottsdale, Ariz.-based STORE Capital has purchased a 64,917-square-foot retail building, located at 1125 Magnolia Ave. in Webster, in a sale-lease back transaction with Carrollton-based Main Event Entertainment. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, and Derek Layne of Stan Johnson Co.'s Los Angeles office represented the buyer.
PORT ARTHUR — An east Texas-based individual investor has purchased a 33,134-square-foot property 100 percent leased to Family Dollar Stores, located at 230 Gilham Circle in Port Arthur, from Weingarten Realty Investors. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller in the transaction.
LEWISVILLE — Caliber Collision Centers is slated to move its corporate headquarters from California to 401 E. Corporate Dr. in Lewisville in mid-November. The company leased 16,397 square feet of office space from the landlord, GL Corporate Pointe. Andrew Taguwa of Jones Lang LaSalle's Dallas office represented the tenant, and Buddy Tompkins of CASE Commercial Real Estate Partners' Dallas office represented the landlord.
PASADENA AND AMARILLO — LTC Properties has recently acquired a 196-bed skilled-nursing facility, located in Pasadena, for $15.5 million in a sale-lease back transaction. LTC has also purchased a vacant parcel of land in Amarillo for $844,000 for the construction of a 120-bed skilled-nursing facility. The new skilled-nursing facility is slated for completion in mid to late 2012.
HOUSTON — CBRE has brokered three leases totaling 20,751 square feet at the 22-story Capital One Plaza, a Class A office tower located at 5718 Westheimer in Houston. Daw & Ray renewed a 11,617-square-foot lease; Mutual Money Investments leased 7,403 square feet; and Orr Financial Group leased 1,731 square feet. Dave Hanusa and Cody Armbrister of CBRE's Houston office represented the landlord, UBS Realty Investors, in all three transactions. Lispah Hogan of Newmark Knight Frank's Houston office represented Daw & Ray in its lease negotiations.
FRISCO — Six tenants have signed new leases totaling approximately 15,000 square feet at Hall Office Park, located at 6801 Gaylord Pkwy. in Frisco. National Envelope has expanded its lease by 3,573 square feet; Viamedia has expanded its lease to 3,935 square feet; Bismarck Real Estate Partners has renewed its 3,452-square-foot lease; Tensar International Corp. has leased 1,593 square feet; Norandex Building Materials Distribution has renewed its 1,326-square-foot lease; and Integrated Scientific Systems has renewed its 925-square-foot lease. Frisco-based Hall Financial Group owns the office park and was self-represented by Kim Butler, Tammy Lomonaco and Brad Gibson.