HOUSTON — Furniture Brands has leased 109,386 square feet of warehouse space from Panattoni Development Co. in the Airtex Industrial Center, bringing the building's occupancy to 100 percent. The 486,720-square-foot property is located at 14810 North Freeway in Houston. Addition tenants include Houston Furniture Partners and Velocity Acquisitions. CB Richard Ellis' Patrick Rollins and Joseph Smith represented the tenant. Colliers Houston's Gary Mabray and Walker Barnett represented Panattoni.
Texas
ARLINGTON — Campus Village Davis has borrowed an $8.02 million loan to construct Maverick Village, a student housing complex. The 72-unit property will be developed on a 3.45-acre parcel at the University of Texas' Arlington campus. A local credit union financed the floating-rate loan, which carries an initial 2-year term followed by 3 years of mini-perm financing. Matt Greer of Berkadia Commercial Mortgage's Austin office arranged the loan.
WOODWAY — Best Western has opened an 82-room hotel in Woodway. The Best Western Atrea Colonnade Parkway, which is located near Providence Hospital, is a prototype aimed at business travelers. Features include three conference rooms, an indoor pool and spa, a fitness center and a cocktail lounge. This is the 28th Atrea hotel the company has built in the United States since the prototype was announced in 2007.
BEAUMONT — A California-based private investor has sold the 250-unit Greentree Village Apartments to a private party for an undisclosed amount. The property, which is located at 520 Dowlen Road in Beaumont, is 91.9 percent occupied. Amenities include a pool, two tennis courts, a fitness center and a club room. Jeff Patterson and Jon Boone of Apartment Realty Advisors represented the buyer.
SAN MARCOS — Lincoln Property Co. has borrowed a $10.4 million loan for the 176,693-square-foot Red Oak Village shopping center. The 10-year-old property, which is located at 2233 Interstate 35 South in San Marcos, is 87 percent leased. Southwest Bank financed the 10-year loan, which carries a 5.5 percent interest rate. Travis Anderson of Holliday Fenoglio Fowler secured the deal.
HOUSTON — SSA Marine has leased 251,600 square feet of warehouse space from an undisclosed landlord in Houston. The space is located at 8905 Spikewood Drive. CB Richard Ellis' Bill Rudolf, Gray Gilbert and Jim Stark represented SSA Marine. D.R. David of Warehouse Associates represented the landlord.
CARROLLTON — Cobalt Capital Partners has leased 52,468 square feet of industrial space to PAC. The property is located at 1701 Vantage Drive, Suite 100, in Carrollton. Ken Wesson and Adam Graham of Lee & Associates represented Cobalt. Jones Lang LaSalle's Forshey Hoobler represented the tenant.
SUGAR LAND — Planned Community Developers has finished a six-story office building in the Sugar Land Town Square development at 2245 Texas Drive in Sugar Land. The property contains 166,000 square feet of office space and 13,000 square feet of retail on the ground floor. The building is connected to a parking structure located across the street by a second-floor skybridge.
DALLAS — Alpha-Barnes Real Estate Services and the Jim Lake Cos. have borrowed a $10.55 million loan for Trinity Lofts. The 93-unit apartment property is located at 1403 Slocum St. in Dallas' design district. The space, which is 92 percent leased, also has 28,000 square feet of retail. Freddie Mac financed the 7-year, fixed-rate loan. John Brownlee and Mike Ostella of Holliday Fenoglio Fowler arranged the deal.
HOUSTON — Overseas Trading Inc. has signed a 66,000-square-foot lease renewal with the Tuffli Cos. for warehouse space in Houston. The property is located at 1800 South St. NAI Houston's Brad Marnitz represented the tenant. B. Kelley Parker, III, John Littman and Coe Parker of Cushman & Wakefield of Texas represented the landlord.