HOUSTON — Nabors Corporate Services has signed a 3-year lease renewal with Parkway Properties for 205,000 square feet of office space. The space is located in One Commerce Green in Houston. Nabors occupies more than 60 percent of the property.
HOUSTON — Gloria Parrino of Betz Commercial Brokerage has represented an undisclosed landlord in two leases in the Legacy Park Office Center, which is now fully occupied. The 48,139-square-foot property is located at 10940 W. Sam Houston Parkway in Houston. Strayer University, represented by Cushman & Wakefield's Louis Christopher and Kevin Saxe, leased the entire 16,782-square-foot second floor. Elliott Group, represented by RE/MAX Grand's Julie Sawyer, leased 8,991 square feet.
HOUSTON — Cronheim Mortgage's Andrew Stewart and Lisa McMahon completed a loan modification for Woodlake Townhomes that includes a paydown of $3 million. The 315-unit property is located at 2600 Westerland Drive in Houston. The modification also includes a reduction in the interest rate and a 68-month extension on the loan's interest-only period.
DALLAS — TR Pinnacle Corp. has renewed a 177,750-square-foot industrial lease to FedEx Smartpost in Dallas. The property is located at 4121 Pinnacle Point Drive. Corbin Crews of CB Richard Ellis represented TR Pinnacle in the lease.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of a 9,244-square-foot shopping center between two private parties for an undisclosed amount. The 6-year-old Golden Beach Marketplace is located at 4516 Golden Triangle Blvd. in Fort Worth. The center is fully occupied and is shadow-anchored by Albertsons. The firm's Tommy Tucker brokered the sale.
CARROLLTON, TEXAS — Ultra Pure Solutions has leased 54,095 square feet of warehouse space from CRP Holdings B in Carrollton. The property is located at 1130 W. Jackson Road. Adam Graham and Nathan Denton of Lee & Associates represented Ultra Pure. CB Richard Ellis' Corbin Crews represented the landlord.
PEARLAND, TEXAS — Holliday Fenoglio Fowler has secured a $24.5 million loan for the 392-unit Alexan Shadow Creek Ranch apartment complex in Pearland. The property is located at 11900 Shadow Creek Parkway in the city's 3,500-acre, master-planned Shadow Creek Ranch community. Alexan Shadow Creek is 95 percent occupied. Freddie Mac financed the 10-year, fixed-rate loan. Jody Thornton and associate director John Ahmed of HFF worked to arrange the loan.
ARLINGTON, TEXAS — Messina Properties has sold a 162,000-square-foot store that formerly housed a Macy's to a private buyer for an undisclosed amount. The property is located on 14 acres at Six Flags Mall in Arlington and will be redeveloped. Cushman & Wakefield of Texas brokered the sale.
HUNTSVILLE, TEXAS — Apartment Realty Advisors (ARA) has brokered the sale of two off-campus student housing communities in Huntsville that serve the students of Sam Houston State University. Both properties are within walking distance of the school. Woodcreek Apartment Resort is a 196-unit property located at 1235 Josey St., and Cornerstone Apartment Homes is an 83-unit property located at 22090 Bobby K. Marks Drive. Both properties were built in 1983 and both feature swimming pools and hot tubs. The buyer was a San Antonio-based private investment group. Jeff Patterson and Kelly Witherspoon of ARA's Secondary Markets team, along with Chris Bancroft and Chris Epp of the firm's National Student Housing Group, represented the seller, a Texas-based private investment company.
DALLAS — Marcus & Millichap has completed two Dallas sales. The first deal involved the sale of a 14,922-square-foot office building located at 6105 Windcom Court. The property is fully occupied, mostly by medical office tenants. Patrick Giles and Craig Lewin of Marcus & Millichap's Dallas office represented the seller, a local partnership, and procured the buyer, a local limited liability company. The second deal consisted of the sale of a 14,000-square-foot industrial building located at 1940 W. Northwest Highway. The building is currently vacant, but the tenant still has 1.5 years remaining on a triple-net lease. Scott Ryan of Marcus & Millichap's Dallas office and Steve Sauter of the firm's Palo Alto, Calif., office represented the seller, a California-based investor. The buyer was an undisclosed party out of San Antonio.