OKLAHOMA CITY — CBL & Associates Properties, Inc. and Horizon Group Properties Inc. have announced The Outlet Shoppes at Oklahoma City will open on Friday. The center is fully leased with 83 stores and is located at the intersection of Interstate 40 and Council Road. The center is the only outlet center in Oklahoma and features a food court, play area for children, center stage with fountains and an additional parcel of land that can house 60,000 square feet of retail space. The center’s tenants include Nike, Banana Republic, J. Crew and Levi’s.
TEXAS — CB Richard Ellis (CBRE) has facilitated sales negotiations in the following transactions: Ibmak Investments Inc. has purchased 72,400 square feet of industrial space at 1417 and1433 Wainwright in Carrollton. CBRE’s Dave Anderson represented the seller, Genuine Parts Co. Inland Western College Station Gateway I has purchased 43,989 square feet of retail space in College Station from Delmar Baronhead I. CBRE’s Chris Cozby and Chris Gerard represented Delmar Baronhead in the retail space at 1505 University Dr. Corinthian Real Estate has purchased 72,000 square feet of retail space from Forest Hill Loop. CBRE’s Stroud Arthur represented Forest Hill Loop in the transaction. The property is located at 3300 S.E. Loop 820 in Forest Hill.
CEDAR PARK — Grubb & Ellis Co.’s Self Storage Group has facilitated the sale of Hill Country Self Storage, a Class A storage facility comprised of 555 units totaling 68,777 square feet of storage space in Cedar Park. The facility was constructed in 2005 and will be operated by Don Clauson, the buyer. Steve Mellon and Pete Williams of Grubb & Ellis represented the seller, Legend Communities. The property was 85 percent leased at the time of the sale.
DALLAS and PLANO — John T. Evans Co. has negotiated Coffee House Café’s purchase and Duke’s Original Roadhouse’s lease. Coffee House has purchased a 5,000-square-foot building at 6150 Frankford Rd. in Dallas. John T. Evans’ Mike Sandel and Paul Vernon negotiated the transaction. Duke’s has leased 6,400 square feet of space at 3314 N. Central Expressway in Plano. John T. Evans’ Vernon, Sandel and Taylor Roberts negotiated the transaction.
HOUSTON — Atlanta-based Lucas Associates has renewed its 8,424-square-foot office space lease at 5120 Woodway Dr. in Houston. Clay Peeples of Boyd Commercial Real Estate Services/CORFAC International and Don Granot of Joel & Granot Real Estate/CORFAC International represented Lucas Associates in the negotiations. The Class A office building is owned by Decorative Center of Houston.
SAN ANTONIO — Marcus & Millichap Real Estate Investment Services has helped sell Howard Johnson Express Inn Fiesta, located at 13279 Interstate 10 West in San Antonio. The property is comprised of 53 rooms. Allan Miller of Marcus & Millichap’s Austin office represented the seller and procured the buyer, both private investors.
GRAND PRAIRIE — NorthMarq Capital has arranged the $13.9 million mortgage for Clairborne Apartments, a 274-unit multifamily property in Grand Prairie. The apartment is located at 2355 N. State Hwy. 360. Financing is based on a 10-year term with a 30-year amortization schedule. Greg Duvall of NorthMarq’s Kansas City office arranged the first mortgage financing through NorthMarq’s relationship with Freddie Mac.
SAN ANTONIO — Holliday Fenoglio Fowler (HFF) has arranged acquisition financing for a 612-unit Class A multifamily community in San Antonio. HFF, led by Cortney Cole, worked on behalf of Canyon-Johnson Urban Funds and its joint venture equity partner Venterra Realty to secure the loan through PPM Finance, Inc. The property is comprised of 27 three-story buildings situated on 27.47 acres at 3711 Medical Dr.
KYLE — Physiotherapy Associates has opened a new 1,450-square-foot clinic at 147 Elmhurst, Ste. 500 in Kyle called the Strickland Physical Therapy clinic. The clinic offers sports injury rehabilitation, spinal rehabilitation, injury prevention and sports medicine. Clinic director Sarah North will lead the clinic team. Jones Lang LaSalle brokered the opening.
AUSTIN — New York-based ATCO Properties & Management has purchased the 99,000-square-foot Crossroads Center in Austin for $14.25 million. The shopping center is 70 percent leased to tenants Bennihana, Chili’s and Cycle Gear. Lance Morris of The Weitzman Group represented Crossroads and Ryder Jeans of Weitzman represented ATCO in the transaction. Crossroads is the latest purchase in ATCO’s City Center Real Estate Joint Venture Program.