MARBLE FALLS — SHW Group has completed construction on the Marble Falls High School Transitional Facility, a 3,000-square-foot facility that is designed to help 18-22 year old students with significant disabilities learn how to live independently. The site resembles a single-family home and features a living room, dining room, a full-size kitchen and a wheelchair ramp. The site supports the Marble Falls Independent School District’s Learning Independence for Everyday Life program and will serve approximately 40 special education students. The facility is entirely funded through government grants and donations from local businesses.
IRVING, GARLAND AND DALLAS — NorthMarq Capital has arranged first mortgage financing for the following developments: Oaks Hackberry Creek Apartments, a 432-unit multifamily located at 6901 N. State Hwy. 161 in Irving, has received $19.23 million in financing. Northmarq’s James Hoopes and Stephen Whitehead arranged financing based on a 10-year term and a 30-year amortization schedule through NorthMarq’s relationship with Freddie Mac. 5th Street Crossing, a mixed-use development in Garland consisting of 188 apartment units and 12,130 square feet of commercial space, has received $10 million in financing. Hoopes and Whitehead arranged the financing through NorthMarq’s relationship with Aviva Investors of North America, Inc. Inwood/Trinity Business Center, a 718,000-square-foot industrial center located in Dallas, has received $9.5 million in financing. NorthMarq’s Bart Dickinson arranged financing based on a 10-year term and a 25-year amortization schedule through NorthMarq’s relationship with Sun Life of Canada.
STAFFORD — Arch-Con Construction recently broke ground on a concrete tiltwall and structural steel building in Stafford for Puffer Sweiven, an oil and gas provider. Puffer Sweiven’s expansion comprises 40,500 square feet of warehouse space and approximately 5,500 square feet of office space. The project is slated for a fourth quarter 2011 completion.
IRVING, CEDAR HILL AND DALLAS — CB Richard Ellis has brokered the following transactions in the Dallas/Fort Worth area: First Tennessee Bank, National Association has purchased 8 acres of land at 4203 Royal Ln. in Irving from KDC-Regent II Investments. CBRE’s Ann Huntington represented First Tennessee Bank. M&S Real Estate GMBH & Co. purchased 12,560 square feet of retail space at 294 Uptown Blvd. in Cedar Hill from Cedar Hill Village. CBRE’s Jennifer Pierson, Beth Pierson and Chris Bodnar represented Cedar Hill Village in the transaction. Ozburn-Hessey Logistics has leased 98,888 square feet of industrial space at 3700 Pinnacle Point Dr. in Dallas from Garden Ridge. Huntington represented Ozburn-Hessey in the transaction. AHC Healthcare Receivables Co. has leased 60,915 square feet of office space at 3232 Royal Ln. in Irving from PSBP Monroe. CBRE’s Scott Hobbs represented the tenant.
DALLAS — Colliers International has brokered the following sales of two industrial buildings in the Stemmons Corridor in Dallas totaling 47,294 square feet: Hydro Temp, Inc. has purchased a 27,934-square-foot building at 8710 Empress Row that includes 3,552 square feet of office space. Shannon Owens of Glacier Commercial represented Hydro Temp, and Colliers’ Tom Pearson, Phil Rosenfeld and Matt Thompson represented the seller, Marbenall Properties Ltd. JPA Capital LLC has purchased a 19,360-square-foot building at 8918 Governors Row. Pearson, Rosenfeld and Thompson represented Marbenall in the transaction. Texas Chalkboard, Inc., which is owned by JPA’s owner Jerry Pham, will occupy the building.
WINONA — The historic Rosebowl Speedway in Winona is being converted into an events center known as The Rosebowl Amphitheater. The speedway opened in the 1970s and closed this April to undergo renovations. The amphitheater is expected to open in March 2012 and will feature food concessions, increased seating and an outdoor movie screen. The new development is slated to be a venue for concerts, plays, fairs, festivals and movies.
HOUSTON — Cameron, an oil and gas equipment provider, has acquired an 86,000-square-foot, Class A office building in Westway Park from Baker Hughes Corp. The building is adjacent to Cameron’s existing 215,000-square-foot office site at 4646 W. Sam Houston Pkwy. North that houses Cameron’s Drilling & Production Systems. Charles Gordon of CB Richard Ellis represented the buyer, and Boyd Commercial’s Mike Boyd and Conrad Bernard represented the seller. Westway Park is owned by Wolff Cos. and comprises 2.2 million square feet of office space spanning 150 acres. The office park has 19 buildings and is home to 6,500 employees from companies like Sprint, GE Oil & Gas and Travelers Insurance.
SAN ANTONIO — Los Angeles-based City National Bank has sold Gardina Court, a 52-unit apartment community located at 1318 Gardina St. in San Antonio. Gardina Court was built in 1966 and renovated in 2000 and 2002. It features a mix of one- and two-bedroom units. Hendricks & Partners’ Mike Miller, Will Caruth and Chris Ross negotiated the transaction on City National Bank’s behalf.
GARLAND and FORT WORTH — Venture Commercial Real Estate has completed the following sales: Garland Eastgate II has purchased a 75,000-square-foot retail building at 1201 W. Centerville Rd. in Garland that once housed a Mervyn’s. Venture’s John Zikos and Christopher Gibbons represented the seller, MDS Texas Realty I. The owners of CareNow medical centers have purchased a 50,000-square-foot parcel of land at the corner of Interstate 35 West and Basswood Boulevard in Fort Worth. Clay Mote of Venture represented the seller, Basswood/35 Partners.
HOUSTON — Malvern, Pa.-based Liberty Property Trust has broken ground on two sustainable warehouse buildings totaling 212,000 square feet in Houston’s Liberty Northwest Business Center, formerly known as Beltway at Bammel, which is comprised of 538,400 square feet of Class A industrial space. One of the buildings will be an 84,000-square-foot flex facility located at 5500 N. Sam Houston Pkwy. West. The other building will be a 128,000-square-foot warehouse property located at 14031 Hollister Rd. Both buildings are being developed to achieve LEED certification by utilizing energy efficient HVAC equipment, low-flow plumbing fixtures, a highly reflective white roof membrane and energy-efficient lighting fixtures. The buildings are slated to open in January 2012. Perry Seeberger is the architect for the project, Terra Associates is the engineer and Cadence McShane is the general contractor. Jay Ohanesian is Liberty’s project manager.