GARLAND and FORT WORTH — Venture Commercial Real Estate has completed the following sales: Garland Eastgate II has purchased a 75,000-square-foot retail building at 1201 W. Centerville Rd. in Garland that once housed a Mervyn’s. Venture’s John Zikos and Christopher Gibbons represented the seller, MDS Texas Realty I. The owners of CareNow medical centers have purchased a 50,000-square-foot parcel of land at the corner of Interstate 35 West and Basswood Boulevard in Fort Worth. Clay Mote of Venture represented the seller, Basswood/35 Partners.
HOUSTON — Malvern, Pa.-based Liberty Property Trust has broken ground on two sustainable warehouse buildings totaling 212,000 square feet in Houston’s Liberty Northwest Business Center, formerly known as Beltway at Bammel, which is comprised of 538,400 square feet of Class A industrial space. One of the buildings will be an 84,000-square-foot flex facility located at 5500 N. Sam Houston Pkwy. West. The other building will be a 128,000-square-foot warehouse property located at 14031 Hollister Rd. Both buildings are being developed to achieve LEED certification by utilizing energy efficient HVAC equipment, low-flow plumbing fixtures, a highly reflective white roof membrane and energy-efficient lighting fixtures. The buildings are slated to open in January 2012. Perry Seeberger is the architect for the project, Terra Associates is the engineer and Cadence McShane is the general contractor. Jay Ohanesian is Liberty’s project manager.
HOUSTON — Holliday Fenoglio Fowler (HFF) has brokered Peloton Capital Partners’ purchase of a five office building portfolio in west Houston, as well as arranged acquisition financing and joint venture equity for Peloton. Peloton purchased the portfolio, totaling 347,272 square feet, with the help of HFF’s fixed-rate financing through NexBank and joint venture equity through an Austin-based private equity firm. Martin Hogan and Dan Miller of HFF represented the seller, and HFF’s Steve Heldenfels represented Peloton in arranging financing and joint venture equity. The 78 percent occupied office portfolio includes: 1250 Wood Branch Park Dr. 11931 Wickchester Ln. 10200 Richmond Ave. 2950 and 3030 S. Gessner Rd.
HOUSTON — Marcus & Millichap Real Estate Services has brokered the sale of Corporate Plaza, a 112,472-square-foot office building at 7001 Corporate Dr. in Houston. The building had a listed sales price of $2.5 million. David Ching and Edward Benton of Marcus & Millichap’s Houston office represented the seller, a bank/financial institution, in the transaction.
ARLINGTON — Andrews-Dillingham Properties Ltd. has acquired a 10,500-square-foot office building located at 501 W. Main St. in downtown Arlington. The building is 100 percent leased to JPS Health System. Beaux Riley of SCM Real Estate Services represented the seller and Gordon Smith Real Estate Services represented Andrews-Dillingham.
HOUSTON, ROSENBERG and PASADENA — Houston-based NewQuest Properties has leased space to the following tenants: Olive Garden has leased 83,057 square feet of retail space in Brazos Town Center at Highway 59 and FM 762 in Rosenberg. Eric Walker and Ford Scott represented NewQuest in house, and Page Partners’ Grant Walker and Nick Hernandez represented Olive Garden. Twin Eagle Resource Management has leased 50,201 square feet of office space at the NewQuest Office Park located at Beltway 8 and West Road in Houston. Steven Alvis and Jay Sears represented NewQuest in house, and Charles Feritta of Colliers International represented Twin Eagle. The building is currently under construction. Goodwill Industries of Houston has leased 20,558 square feet of retail space in Pasadena Town Center in Pasadena. David Meyers and Bob Conwell represented NewQuest in house, and Barkley Wedemeyer of Wedemeyer Realty represented the tenant. Harris County Hospital District has leased 6,760 square feet of office space in the Windcliff Professional Building in Houston. Rebecca Le and Conwell represented NewQuest in house, and Beeman Strong of Beeman Strong and Co., Inc. represented Harris County Hospital District. Also, NewQuest represented Inland American Retail Management in leasing 2,100 square feet of retail space to …
AUSTIN — Wind Energy Transmission Texas (WETT), a joint venture between Brookfield Asset Management and Isolux Corsan Concesiones, has finalized its $500 million construction loan with a consortium of financial institutions to build five substations and 378 miles of transmission lines in west Texas. The transmission lines will bring renewable wind energy from west Texas to the metropolitan areas throughout Texas. WETT was awarded a contract to build the transmission lines and substations by the Public Utility Commission of Texas as part of the Texas Legislature’s Competitive Renewable Energy Zone project. The construction is set to be complete in 2013.
TOMBALL — Weingarten Realty has awarded Cadence McShane Construction Co. the construction assignment to complete a series of new retail stores and expanded sitework in the Tomball Marketplace Shopping Center at the intersection of SH 249 and FM 2920 in Tomball. Cadence McShane’s assignment includes the comprehensive infrastructure for a new Kohl’s and the construction of two additional retail facilities. These include a 13,200-square-foot facility with a tiltwall exterior and glass storefronts and a 25,000-square-foot facility for a national retailer. These two developments are projected to be complete this October. Weingarten Realty has also awarded Houston-based CDA Architects to provide architectural services for the development.
HOUSTON — The Finial Group has been selected to provide leasing services for 3120 Southwest Freeway, a six-story, 90,000-square-foot office building in the Greenway Plaza submarket of Houston. Finial Group’s Keith Bilski, Neil Martin and Ben Debayle will handle the project’s leasing services.
HOUSTON — Griffin Partners has facilitated leases throughout the Houston area, including: Patrick Henry Creative Promotions, Inc. has leased 10,161 square feet of office space at the 1177 West Loop South Building. Griffin Partners owns the space and was represented in house by Chris Lewis. Steve Cumley of Pete Stewart Properties represented Patrick Henry Creative Promotions. Sandefer Oil and Gas Co. has extended its 1,809-square-foot lease at 5300 Memorial Dr. Griffin Partners’ Travis Taylor represented Sandefer and McKenzie Followwill of Parkway Realty represented the landlord, Parkway Hancock Texas. Willibey Design Associates and Dodson and Daughter Interior Design have renewed their 1,123-square-foot lease at 675 Bering Dr. Taylor represented Griffin Partners, which owns and operates the location. Wood Roberts, Inc. has renewed its 1,958-square-foot office lease at 675 Bering Dr. Taylor represented Griffin Partners and Darren Gowell of Axis Tenant Advisors represented Wood Roberts.