HOUSTON — The 22-unit Avondale Apartments and its neighboring 12-unit Helena Apartments, located at 109 Avondale St. and 3001 Helena St. in Houston respectively, have sold. The assets combined for a list price of $1.1 million. Sheri Carey of Marcus & Millichap represented the seller, a private investor, while Juan Cuevas of Marcus & Millichap represented the buyer, a limited liability company.
HOUSTON — Landmark Houston Hospitality Group (LH2G) is revitalizing Scouts Square, a redevelopment of the former headquarters of the Boy Scouts of America building. Landmark will add an additional floor to the existing building as well as a full renovation and an outdoor area with a large patio and gardens. Phase I of the project, which broke ground earlier this year, will consist of 50,000 square feet of retail and office space with a seven-story parking garage. Anchor tenants will include the Moroccan themed Moor's Restaurant & Hooka Bar and Black Finn Saloon. Meanwhile, Phase II will consist of first floor retail, apartments and additional parking with a construction date slated for early 2012.
SUGAR LAND — Sugar Land Physician Partners has purchased 4.2 acres of land at the northwest corner of First Colony Boulevard and Highway 59 at 16906 Southwest Fwy. in Sugar Land from Sugar Land Properties, Inc. Construction will soon commence on a 42,022-square-foot brick veneer hospital that will be leased to Sugar Land Surgical Hospital. The hospital, scheduled for a late 2012 opening, will include four surgery suites, two procedure rooms and six patient rooms. In addition, a two-story, 30,000-square-foot medical office building will be constructed adjacent to the hospital. Browne McGregor Architects is serving as the project architect, while Mission Constructors is the contractor. Don Janssen of Planned Community Developers represented Sugar Land Properties, Inc., in its 4.2-acre sale to Sugar Land Physician Partners, which was represented by Kolbe Curtice of Colliers International.
CARROLLTON — Carrollton Corners shopping center, a 14,885-square-foot retail property located at 1017 E. Trinity Mills Rd. in Carrollton, has traded. Colorado-based DPC Development, dba Carrollton Shops LLC, sold the property to JGEP Investments for an undisclosed price. Brad Cruickshank and Trip Green of The Woodmont Company of Fort Worth, a full service real estate organization, represented the seller.
THE WOODLANDS — Valero has purchased a 1.9-acre site at the southwest corner of Research Forest and Six Pines drives in The Woodlands for construction of a 5,000-square-foot Valero Service Station, Corner Store, Taco Plus eatery and car wash that will be completed later this year. The Woodlands is a 28,000-acre, master-planned community located 27 miles north of downtown Houston. Todd Edmonds and Cody Christoph of Colliers International represented the The Woodlands Development Company in the land sale.
CARROLLTON — A two-story, 34,015-square-foot office/warehouse property, 1330 Capital Parkway, has sold in Carrollton. A Dallas-based bank and financial institution sold the property to a Carrollton-based limited liability company. Ron Hebert of Marcus & Millichap's Dallas office represented both parties.
STAFFORD — An 8,286-square-foot office/warehouse building, located at 13011 Mula Ln. in Stafford, has traded. Larry Indermuehle and Jane Holloway of Indermuehle & Co. represented the seller, while Fred Ash of Commercial Realty Co. represented the buyer, JC Stonewall Construction.
DALLAS — MEDCO Construction has recently completed the $128 million Baylor Charles A. Sammons Cancer Center at Dallas. The 10-story, 467,000-square-foot facility is the largest outpatient cancer center in North Texas, and it is expected to earn LEED Gold certification. Features include a two-story parking garage under the building; a dedicated central utility plant inside the building; and a radial connector bridge spanning two parking garages, the outpatient cancer center and Baylor's inpatient cancer hospital. Perkins+Will served as the project architect. The public grand opening is March 26.
AUSTIN — Charlotte, N.C.-based Crescent Resources will begin construction this month for a new student housing project serving the University of Texas-Austin community. Circle West Campus will be located at the intersection of West 25th and Longview streets, within walking distance of campus. It will contain 477 beds in a mix of 167 studio, one-, two- and four-bedroom units. All residences will contain Energy Star appliances. The community will be constructed to Austin's Energy Green Building Multifamily standards. Community amenities include a resort-style swimming pool, tanning beds, a community study café and lounge, a community grilling area, and covered parking. . The community recreation room will contain televisions, gaming systems, a pool table and a poker table. The first units will be complete in June 2012. Local firm Kelly Grossman Architects is designing the project, and locally based Rampart Construction is building it. The Dallas office of Holliday Fenoglio Fowler assisted Crescent in obtaining project financing, which includes a construction loan from Capital One Bank and a mezzanine loan from Transwestern Mezzanine Realty Partners III. — Coleman Wood
PLANO — Golden Living, a senior healthcare company, will relocate its corporate headquarters to Plano in April. It is currently located in Fort Smith, Ark. The new headquarters will consist of approximately 27,000 square feet of office space at The Campus at Legacy in Plano, located directly off the Dallas North Tollway between SH 190 and SH 121. Golden Living's previous Fort Smith location will become an administrative center, providing support to the company's businesses and 42,000 employees nationwide.