FORNEY — Tabani Acquisitions has purchased a 39,039-square-foot retail center at Mustang Crossing, located at 351-501 FM 548 in Forney from Wells Fargo Bank. Tabani will manage and lease the retail center, and CB Richard Ellis (CBRE) will list the center’s outparcel portion — including GameStop and Starbucks — for sale. CBRE’s Jennifer Pierson and Beth Pierson represented Wells Fargo Bank in the transaction.
RICHARDSON — Colliers International in Dallas has added approximately 150,000 square feet of office space to its leasing and management portfolio. The properties now under their operation include Campbell Square II, a four-building complex totaling 82,745 square feet of office space, and Spring Creek Business Center, a three-building complex totaling 64,534 square feet of office space. There is currently 26,311 square feet of office space available at Campbell Square and 16,230 square feet at Spring Creek. Colliers’ Scott McGarity and Kevin Brookmole will handle the properties’ leasing and management.
HOUSTON — Holliday Fenoglio Fowler (HFF) has brokered the sale of the following properties in Houston: Beltway Antoine Business Center, a 383,100-square-foot, Class A industrial park, has been purchased by DCT Industrial Trust, Inc. Beltway is comprised of seven buildings and is 95 percent leased to 17 tenants. The property is located at 3403-3463 N. Sam Houston Pkwy. in Houston’s industrial submarket. The seller, Denver-based Mountain West Industrial Properties, was represented by HFF’s Rusty Tamlyn and Trent Agnew. Broadstone Grand Parkway, a 342-unit, Class A multifamily community near Katy, has been purchased by Sunstone Realty Advisors. Broadstone is located at 1111 Falcon Park Dr. and is 95.9 percent leased. The property completed construction in 2010 and was developed by Phoenix-based Alliance Communities, a division of Alliance Residential Co., the seller. Prudential Real Estate Investors advised Alliance in the transaction. HFF’s Todd Stewart, Craig LaFollette, Todd Marix, Tre Banks and Chris Curry represented Alliance in the transaction. HFF also arranged a fixed-rate acquisition loan for Broadstone. HFF’s Matt Kafka and John Brownlee arranged the financing provided by Allstate Investments.
LUBBOCK — HDA Architects has designed a 112,000-square-foot corporate headquarters in Lubbock for Standard Sales Co. The building cost $10.8 million to construct. General contractor SM Wilson completed construction on the project. The building features a clay tile mansard roof, slate floors and brick and stone veneers. Standard Sales Co. is the wholesale distributor for Anheuser-Busch, which produces Budweiser and Michelob beverages. The new facility marks HDA’s 90th facility it has designed for the beverage industry.
SAN ANTONIO AND ANGLETON — Dallas-based BMC Capital has provided loans for the following properties: Sante Fe Condo Apartments in San Antonio has received a $2.65 million refinancing loan from BMC. The loan features a 7-year fixed rate at 5.07 percent with a 30-year amortization schedule. BMC’s Michael Thompson has arranged the financing through one of BMC’s relationships with Fannie Mae. The 204-unit Oaks of Angleton has received $2.6 million in acquisition financing and renovation proceeds. The loan is based on a 5-year term with 18 months of interest only and a 6.25 percent floor rate.
COPPELL — An 8,006-square-foot office building in the Gateway Plaza Development at 783 Denton Tap Rd. in Coppell was sold by an affiliate of Dallas-based Realty Capital. The building is 83 percent leased to a law firm and ENT For Children, a medical practice. Realty Capital’s Chad O’Neal represented the buyer in the transaction. Gateway Plaza is approximately 50 percent built out.
DALLAS AND FORT WORTH — 7-Eleven, Inc. has signed an agreement to acquire ExxonMobil’s retail interests in 51 locations, all of which are in the Dallas/Fort Worth area. The 51 sites include two vacant parcels of land. Most locations will keep the Exxon gasoline brand but be rebranded as 7-Eleven. The stores will be available for franchising and will carry signature 7-Eleven items. 7-Eleven will also extend job offers to the Exxon employees affected by the acquisition.
LEWISVILLE — Hank Haney Golf Schools has chosen The Lakes at Castle Hills at 699 Lady of the Lake Blvd. in Lewisville as its world headquarters and plans to open a Hank Haney Golf Academy at the new location. The course has recently changed its name from The Golf Club at Castle Hills as part of the new ownership by Bright Realty. Castle Hills is a 2,500-acre golfing community and the golf course spans 7,152 yards. In addition to current 510-yard driving range, the academy will feature a practice facility.
HOUSTON — ABC Restaurant Equipment has purchased 24,900 square feet of office/warehouse space at 1505 Hill Rd. in Houston. ICO Commercial’s Payton Indermuehle represented the seller, a private party. Ed Ayres of Houston Realty Advisors represented ABC, which plans to use the new facility for their warehousing operations.
DALLAS — Colliers International has brokered the sale of three industrial facilities, located at 4812, 4821 and 4842 Top Line Dr. in Dallas. The facilities total 142,401 square feet and are currently 84 percent occupied. The buildings were a part of a 278,166-square-foot, seven-building portfolio, known as the Mercantile Quaker Industrial portfolio, which is now completely sold. William B. Jordan, a local investor, purchased the buildings from Mercantile Quaker Industries, represented by Colliers’ Phil Rosenfeld, Matt Thompson and Allen Gump. The other four buildings in the portfolio were purchased earlier this year.