DALLAS AND FORT WORTH — 7-Eleven, Inc. has signed an agreement to acquire ExxonMobil’s retail interests in 51 locations, all of which are in the Dallas/Fort Worth area. The 51 sites include two vacant parcels of land. Most locations will keep the Exxon gasoline brand but be rebranded as 7-Eleven. The stores will be available for franchising and will carry signature 7-Eleven items. 7-Eleven will also extend job offers to the Exxon employees affected by the acquisition.
LEWISVILLE — Hank Haney Golf Schools has chosen The Lakes at Castle Hills at 699 Lady of the Lake Blvd. in Lewisville as its world headquarters and plans to open a Hank Haney Golf Academy at the new location. The course has recently changed its name from The Golf Club at Castle Hills as part of the new ownership by Bright Realty. Castle Hills is a 2,500-acre golfing community and the golf course spans 7,152 yards. In addition to current 510-yard driving range, the academy will feature a practice facility.
HOUSTON — ABC Restaurant Equipment has purchased 24,900 square feet of office/warehouse space at 1505 Hill Rd. in Houston. ICO Commercial’s Payton Indermuehle represented the seller, a private party. Ed Ayres of Houston Realty Advisors represented ABC, which plans to use the new facility for their warehousing operations.
DALLAS — Colliers International has brokered the sale of three industrial facilities, located at 4812, 4821 and 4842 Top Line Dr. in Dallas. The facilities total 142,401 square feet and are currently 84 percent occupied. The buildings were a part of a 278,166-square-foot, seven-building portfolio, known as the Mercantile Quaker Industrial portfolio, which is now completely sold. William B. Jordan, a local investor, purchased the buildings from Mercantile Quaker Industries, represented by Colliers’ Phil Rosenfeld, Matt Thompson and Allen Gump. The other four buildings in the portfolio were purchased earlier this year.
BEAUMONT — Atlanta-based ARA has arranged the sale of Beaumont Trace Apartments, a 160-unit, Class A property located at 6105 N. Major Dr. in Beaumont. ARA’s Jeff Paterson and Jon Boone represented the seller, a New York-based private equity firm. A Midwestern investment affiliate of The Seldin Company and World Group purchased Beaumont Trace. The one-, two- and three-bedroom apartments average 982 square feet and feature granite countertops and stainless steel appliances. The property includes a resort-style pool with a sundeck, resident café, fitness center, private garages and carports.
DALLAS — Hendricks & Partners has brokered the sale of Wellington Place, a 164-unit multifamily property at 9940 Forest Ln. in Dallas. The property consists of 36 studio apartments, 80 one-bedroom apartments and 48 two-bedroom units. Hendricks & Partners’ Peter Hartnett represented the seller, a Miami-based limited liability company known as LBUBS 2007 – C2 Forest Lane. The buyer was a Dallas-based private capital investor.
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.
