DALLAS — MetLife has named Jones Lang LaSalle (JLL) the exclusive leasing agents for its Turtle Creek Centre, a 312,000-square-foot office building at 3811 Turtle Creek Blvd. in Dallas. JLL’s Daryl Mullin, Steve Everbach and Conor McCarthy are handling the leasing efforts. The office building features a health facility, a deli and on-site security. The building is currently 82 percent leased to tenants such as Communications Sciences Corp., Wilson Associates and Jackson Lewis, LLP.
DALLAS, FORT WORTH AND ARLINGTON — A portfolio of three 7-Eleven convenience store sites recently traded for $6.4 million. Alvin Mansour from The Mansour Group of Marcus & Millichap Real Estate Investment Services represented the seller. The locations of the three assets include 9235 John W. Carpenter Freeway in Dallas; 1908 Yucca Ave. in Fort Worth; and 100 E. Interstate 20 in Arlington.
DUNCANVILLE — A medical office building leased to Southwest Endocrinology & Diabetes at 1014 E. Wheatland Rd. in Duncanville has traded hands. The property includes 5,800 square feet of rentable space, and it sits on 0.51 acres. Tanner McGraw and Eric Bouchard of Marcus & Millichap’s Houston office represented the seller, and Drew Kile and Chase Bechtel of Marcus & Millichap represented the buyer.
GARLAND — MMUC Properties has purchased a 10,000-square-foot warehouse at 428 N. 1st St. in Garland from Bell’s Conversions, Inc. Chris Stout of Dallas-based Bradford Commercial Real Estate Services represented Bell’s, and Mike Gravit of Gravit Co. represented MMUC. The single-story building includes eight dock doors and an 18-foot ceiling.
HARLINGEN — Tire Recycling & Processing LLC (TRP) has purchased a 42,777-square-foot facility in the Harlingen Industrial Park and plans to reposition it into a tire processing plant. The company plans on creating 30 new jobs with the conversion while processing used tires into granules, carbon black and bio fuels. TRP was formed by Ecologist Services & Dispositions, Inc. of Brownsville to address the approximately 3 billion used tires in the southern border of the U.S.
LA PORTE — Marcus & Millichap Real Estate Investment Services has brokered the sale of a 2,686-square-foot Jack in the Box location at 9629 Fairmont Pkwy. in La Porte. Marcus & Millichap’s Chris Cunning represented the seller, a limited liability company, and the buyer, a private investor, was secured and represented by Marcus & Millichap’s Jack Hopkins and Jimmy Slusher. Marcus & Millichap’s Tim Speck assisted in closing the transaction. Jack in the Box has 18 years left on its 20-year lease at the location.
WOODWAY — Haggard & Stocking Associates, Inc. (H&S) has opened an approximately 20,000-square-foot warehouse facility in Woodway, which cost approximately $1 million to construct. H&S serves the industrial marketplace, including the airline, rail, aerospace and automotive industries. H&S previously had a facility that was approximately 5,000 square feet located at 7201 Santos Cir.
DALLAS — Jones Lang LaSalle’s (JLL) Capital Markets has secured a $205 million loan for a joint venture for The Crescent, a 1.3 million-square-foot office complex in Dallas. The joint venture between J.P. Morgan Asset Management and Crescent Real Estate Equities received the 10-year, interest-only loan through MetLife. JLL’s Mike Melody, Paul House, Robby Zorich and John Alvarado arranged the financing. The Crescent features Class A office and retail space, and is comprised of more than 100 tenants. The property is located in Dallas’ Uptown/Turtle Creek submarket at 200 Crescent Ct.
GRAPEVINE — Holliday Fenoglio Fowler (HFF) has arranged $43 million in financing for Hilton DFW Lakes, a 395-room hotel and conference center comprised of two nine-story towers at 1800 Hwy. 26 E. in Grapevine. A joint venture between Somera Capital Management and affiliates of Zelman Development Co. and Quorum Hotels & Resorts received the financing through Cornerstone Real Estate Advisers. HFF’s John Bourret, Dan Peek and Paul Brindley represented the joint venture, while Tom Cross represented Cornerstone in house. The hotel and conference center features 60,000 square feet of meeting space, a 14,400-square-foot exhibition hall, a private lake, an indoor and outdoor pool, horseback riding, four restaurants and basketball, volleyball and tennis courts.
DALLAS — Construction is set to commence in September on the five-story mixed-use building that will house the University Park Library in the new Plaza at Preston Center in Dallas. The construction will also add a multi-level underground parking garage, which will add 450 parking spaces to the center. The entire project is slated for a winter 2012 completion. Good Fulton & Farrell is designing the project and Rogers O’Brien Construction is the contractor. Venture Commercial is leasing the retail space, and Altschuler and Co. is leasing the office space. Other tenants include New Balance, Baskin Robbins, Corner Bakery Café, Lucky Dog Barkery and Matthew Trent Jewelry Design Studio.