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MultifamilyTexas

ARA BROKERS SALE OF CLASS A MULTIFAMILY PROPERTY IN BEAUMONT

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BEAUMONT — Atlanta-based ARA has arranged the sale of Beaumont Trace Apartments, a 160-unit, Class A property located at 6105 N. Major Dr. in Beaumont. ARA’s Jeff Paterson and Jon Boone represented the seller, a New York-based private equity firm. A Midwestern investment affiliate of The Seldin Company and World Group purchased Beaumont Trace. The one-, two- and three-bedroom apartments average 982 square feet and feature granite countertops and stainless steel appliances. The property includes a resort-style pool with a sundeck, resident café, fitness center, private garages and carports.

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MultifamilyTexas

HENDRICKS & PARTNERS FACILITATES 164-UNIT MULTIFAMILY SALE

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DALLAS — Hendricks & Partners has brokered the sale of Wellington Place, a 164-unit multifamily property at 9940 Forest Ln. in Dallas. The property consists of 36 studio apartments, 80 one-bedroom apartments and 48 two-bedroom units. Hendricks & Partners’ Peter Hartnett represented the seller, a Miami-based limited liability company known as LBUBS 2007 – C2 Forest Lane. The buyer was a Dallas-based private capital investor.

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CivicTexas

SHW GROUP COMPLETES TRANSTIONAL FACILITY FOR HIGH SCHOOL

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MARBLE FALLS — SHW Group has completed construction on the Marble Falls High School Transitional Facility, a 3,000-square-foot facility that is designed to help 18-22 year old students with significant disabilities learn how to live independently. The site resembles a single-family home and features a living room, dining room, a full-size kitchen and a wheelchair ramp. The site supports the Marble Falls Independent School District’s Learning Independence for Everyday Life program and will serve approximately 40 special education students. The facility is entirely funded through government grants and donations from local businesses.

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Texas

NORTHMARQ ARRANGES MORE THAN $38M IN FINANCING IN TEXAS

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IRVING, GARLAND AND DALLAS — NorthMarq Capital has arranged first mortgage financing for the following developments: Oaks Hackberry Creek Apartments, a 432-unit multifamily located at 6901 N. State Hwy. 161 in Irving, has received $19.23 million in financing. Northmarq’s James Hoopes and Stephen Whitehead arranged financing based on a 10-year term and a 30-year amortization schedule through NorthMarq’s relationship with Freddie Mac. 5th Street Crossing, a mixed-use development in Garland consisting of 188 apartment units and 12,130 square feet of commercial space, has received $10 million in financing. Hoopes and Whitehead arranged the financing through NorthMarq’s relationship with Aviva Investors of North America, Inc. Inwood/Trinity Business Center, a 718,000-square-foot industrial center located in Dallas, has received $9.5 million in financing. NorthMarq’s Bart Dickinson arranged financing based on a 10-year term and a 25-year amortization schedule through NorthMarq’s relationship with Sun Life of Canada.

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IndustrialTexas

ARCH-CON BREAKS GROUND ON PUFFER SWEIVEN WAREHOUSE EXPANSION

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STAFFORD — Arch-Con Construction recently broke ground on a concrete tiltwall and structural steel building in Stafford for Puffer Sweiven, an oil and gas provider. Puffer Sweiven’s expansion comprises 40,500 square feet of warehouse space and approximately 5,500 square feet of office space. The project is slated for a fourth quarter 2011 completion.

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Texas

CBRE FACILITATES TRANSACTIONS IN DALLAS/FORT WORTH AREA

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IRVING, CEDAR HILL AND DALLAS — CB Richard Ellis has brokered the following transactions in the Dallas/Fort Worth area: First Tennessee Bank, National Association has purchased 8 acres of land at 4203 Royal Ln. in Irving from KDC-Regent II Investments. CBRE’s Ann Huntington represented First Tennessee Bank. M&S Real Estate GMBH & Co. purchased 12,560 square feet of retail space at 294 Uptown Blvd. in Cedar Hill from Cedar Hill Village. CBRE’s Jennifer Pierson, Beth Pierson and Chris Bodnar represented Cedar Hill Village in the transaction. Ozburn-Hessey Logistics has leased 98,888 square feet of industrial space at 3700 Pinnacle Point Dr. in Dallas from Garden Ridge. Huntington represented Ozburn-Hessey in the transaction. AHC Healthcare Receivables Co. has leased 60,915 square feet of office space at 3232 Royal Ln. in Irving from PSBP Monroe. CBRE’s Scott Hobbs represented the tenant.

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IndustrialTexas

COLLIERS BROKERS SALE OF TWO INDUSTRIAL BUILDINGS IN STEMMONS CORRIDOR

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DALLAS — Colliers International has brokered the following sales of two industrial buildings in the Stemmons Corridor in Dallas totaling 47,294 square feet: Hydro Temp, Inc. has purchased a 27,934-square-foot building at 8710 Empress Row that includes 3,552 square feet of office space. Shannon Owens of Glacier Commercial represented Hydro Temp, and Colliers’ Tom Pearson, Phil Rosenfeld and Matt Thompson represented the seller, Marbenall Properties Ltd. JPA Capital LLC has purchased a 19,360-square-foot building at 8918 Governors Row. Pearson, Rosenfeld and Thompson represented Marbenall in the transaction. Texas Chalkboard, Inc., which is owned by JPA’s owner Jerry Pham, will occupy the building.

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Texas

ROSEBOWL SPEEDWAY TO BE CONVERTED INTO AMPHITHEATER

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WINONA — The historic Rosebowl Speedway in Winona is being converted into an events center known as The Rosebowl Amphitheater. The speedway opened in the 1970s and closed this April to undergo renovations. The amphitheater is expected to open in March 2012 and will feature food concessions, increased seating and an outdoor movie screen. The new development is slated to be a venue for concerts, plays, fairs, festivals and movies.

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OfficeTexas

CAMERON ACQUIRES 86,000 SF BUILDING IN WESTWAY PARK

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HOUSTON — Cameron, an oil and gas equipment provider, has acquired an 86,000-square-foot, Class A office building in Westway Park from Baker Hughes Corp. The building is adjacent to Cameron’s existing 215,000-square-foot office site at 4646 W. Sam Houston Pkwy. North that houses Cameron’s Drilling & Production Systems. Charles Gordon of CB Richard Ellis represented the buyer, and Boyd Commercial’s Mike Boyd and Conrad Bernard represented the seller. Westway Park is owned by Wolff Cos. and comprises 2.2 million square feet of office space spanning 150 acres. The office park has 19 buildings and is home to 6,500 employees from companies like Sprint, GE Oil & Gas and Travelers Insurance.

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MultifamilyTexas

BANK SELLS 52-UNIT SAN ANTONIO APARTMENT COMMUNITY

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SAN ANTONIO — Los Angeles-based City National Bank has sold Gardina Court, a 52-unit apartment community located at 1318 Gardina St. in San Antonio. Gardina Court was built in 1966 and renovated in 2000 and 2002. It features a mix of one- and two-bedroom units. Hendricks & Partners’ Mike Miller, Will Caruth and Chris Ross negotiated the transaction on City National Bank’s behalf.

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