SAN ANTONIO — Rare Hospitality International has purchased 1.71 acres of land from CR1604 Retail, LTD for a Longhorn Steakhouse restaurant at 5706 W. Loop 1604 North in San Antonio. Longhorn will be located in the Shoppes at Culebra shopping center. Hugh Ruggles of Texas/Southwest Group represented the buyer, while P.J. Pfieffer of Birnbaum Property Co. represented the seller.
Texas
WALLER — White Star Pump Co. has purchased a 21,000-square-foot industrial building situated on 15 acres at 41499 Cyrus Rd. in Waller. Sable Land Group sold the property. Travis Land and Michael Keegan of NAI Houston represented the buyer, while Brian Corriston of Caldwell Cos. represented the seller.
DALLAS — San Raphel, a 222-unit Class A apartment community in the Addison/Galleria area of Dallas has sold to Richmond Heights, Ohio-based Associated Estates Realty Corp., a real estate investment trust. Built in 1999, San Raphel is 95 percent occupied and has an average monthly rent per unit of $1,003.
MISSOURI CITY – LT Foods USA, an importer and distributor of food products, has purchased the 38,337-square-foot Building I within Lakeview Business Park in Missouri City. The company will operate as Kusha, the leading distributor of Basmati Rice and Jasmine Rice. Lakeview Business Park is a 157-acre development of Trammell Crow Co. and Crow Holdings Realty Partners IV, LP located near the Sam Houston Parkway, U.S. Highway 90-A and the Fort Bend Parkway.
DALLAS – Maple Crossing shopping center, 12,722-square-foot retail property anchored by Family Dollar and Smile Builders Dental Center, has been sold. Located at 4807 Maple Ave. in Dallas, the property was purchased by a partnership managed by Dallas-based Merritt Capital Partners, LTD from LNR Partners for an undisclosed amount. Brad Cruickshank of The Woodmont Company represented LNR Partners in the transaction.
MCKINNEY – The Texas Transportation Commission has approved a $120,000 grant to Collin County Regional Airport in McKinney to update its airport layout plan. The current plan, developed during a master plan study in 2004, includes a new runway that is currently under construction and expected to be complete in 2012. Completion of the runway will mark the conclusion of the current airport layout plan and a $71 million capital program. It will also mark the beginning of a new plan designed to outline and guide airport expansion through the next decade. The Texas Department of Transportation’s Division of Aviation will fund $108,000 and the McKinney Airport Development Corp. will fund a matching share of $12,000 or 10 percent of the total grant, which is also the estimated project cost.
CARROLLTON – A 67,245-square-foot industrial building has sold at 1711 Briercroft Ct. in Carrollton for an undisclosed amount. Nathan Denton of Lee & Associates represented the seller, CW Capital, and Mark Hull of Lee & Associates represented the buyer, Walter Floyd.
PLANO – Verizon Wireless has leased 2,300 square feet of retail space at Signature Plaza in Plano. Located at the intersection of Coit Road and Highway 121, the 106,184-square-foot shopping center is home to Kroger, State Farm Insurance, The UPS Store and Chase. Daniel Taylor of SRS Realty represented Verizon, while Ryan Griffin represented Regency Centers in the lease transaction.
ARLINGTON – Asian King Buffet has leased 9,092 square feet of space at the Carriage Plaza shopping center located at Interstate 30 and North Collins Street in Arlington. Scott Rose of the Retail Connection negotiated the lease with KC Cheah and Shirley Tan of Pacific Century Realty.
DALLAS — Holly Corp., an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and specialty lubricant products, has relocated its headquarters in Dallas' Harwood district at 2828 N. Harwood. The company has taken 36,000 square feet of space on two floors of the Class A office building. Jihane Boury and David Roehm represented Harwood International, the landlord, while Bill McClung and Mike Wyatt of Cushman & Wakefield of Texas represented Holly Corp.