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.
HOUSTON — Holliday Fenoglio Fowler (HFF) has brokered Peloton Capital Partners’ purchase of a five office building portfolio in west Houston, as well as arranged acquisition financing and joint venture equity for Peloton. Peloton purchased the portfolio, totaling 347,272 square feet, with the help of HFF’s fixed-rate financing through NexBank and joint venture equity through an Austin-based private equity firm. Martin Hogan and Dan Miller of HFF represented the seller, and HFF’s Steve Heldenfels represented Peloton in arranging financing and joint venture equity. The 78 percent occupied office portfolio includes: 1250 Wood Branch Park Dr. 11931 Wickchester Ln. 10200 Richmond Ave. 2950 and 3030 S. Gessner Rd.
HOUSTON — Marcus & Millichap Real Estate Services has brokered the sale of Corporate Plaza, a 112,472-square-foot office building at 7001 Corporate Dr. in Houston. The building had a listed sales price of $2.5 million. David Ching and Edward Benton of Marcus & Millichap’s Houston office represented the seller, a bank/financial institution, in the transaction.
ARLINGTON — Andrews-Dillingham Properties Ltd. has acquired a 10,500-square-foot office building located at 501 W. Main St. in downtown Arlington. The building is 100 percent leased to JPS Health System. Beaux Riley of SCM Real Estate Services represented the seller and Gordon Smith Real Estate Services represented Andrews-Dillingham.
HOUSTON, ROSENBERG and PASADENA — Houston-based NewQuest Properties has leased space to the following tenants: Olive Garden has leased 83,057 square feet of retail space in Brazos Town Center at Highway 59 and FM 762 in Rosenberg. Eric Walker and Ford Scott represented NewQuest in house, and Page Partners’ Grant Walker and Nick Hernandez represented Olive Garden. Twin Eagle Resource Management has leased 50,201 square feet of office space at the NewQuest Office Park located at Beltway 8 and West Road in Houston. Steven Alvis and Jay Sears represented NewQuest in house, and Charles Feritta of Colliers International represented Twin Eagle. The building is currently under construction. Goodwill Industries of Houston has leased 20,558 square feet of retail space in Pasadena Town Center in Pasadena. David Meyers and Bob Conwell represented NewQuest in house, and Barkley Wedemeyer of Wedemeyer Realty represented the tenant. Harris County Hospital District has leased 6,760 square feet of office space in the Windcliff Professional Building in Houston. Rebecca Le and Conwell represented NewQuest in house, and Beeman Strong of Beeman Strong and Co., Inc. represented Harris County Hospital District. Also, NewQuest represented Inland American Retail Management in leasing 2,100 square feet of retail space to …