KYLE — Physiotherapy Associates has opened a new 1,450-square-foot clinic at 147 Elmhurst, Ste. 500 in Kyle called the Strickland Physical Therapy clinic. The clinic offers sports injury rehabilitation, spinal rehabilitation, injury prevention and sports medicine. Clinic director Sarah North will lead the clinic team. Jones Lang LaSalle brokered the opening.
AUSTIN — New York-based ATCO Properties & Management has purchased the 99,000-square-foot Crossroads Center in Austin for $14.25 million. The shopping center is 70 percent leased to tenants Bennihana, Chili’s and Cycle Gear. Lance Morris of The Weitzman Group represented Crossroads and Ryder Jeans of Weitzman represented ATCO in the transaction. Crossroads is the latest purchase in ATCO’s City Center Real Estate Joint Venture Program.
HOUSTON — Houston-based Whitestone REIT has sold the 20,607-square-foot Greens Road Plaza in northeast Houston for $1.75 million in an all-cash transaction. Whitestone expects to reinvest the proceeds in acquisitions of Community Centered Properties in Texas, Arizona and Illinois.
SAN ANTONIO — Dallas-based Stream Data Centers has sold its 150,000-square-foot San Antonio Ready-to-Fit data center to a Fortune 100 company. Brian Loewen of Newmark Knight Frank represented the buyer and Paul Moser, Rob Kennedy and Anthony Bolner represented Stream Data Centers in house. The facility sits on 33 acres in Westover Hills in San Antonio. The building consists of 8-inch-thick concrete walls and a concrete ceiling system that can withstand 175 miles per hour winds.
COLLEGE STATION — Marcus & Millichap Real Estate Investment Services has secured the exclusive listing for the Warehouse at Northgate and the Factory at Northgate, a two-building student housing community at 405 Cross St. in College Station near Texas A&M University. The portfolio is comprised of 154 units with Warehouse’s units running 1,082 square feet and Factory’s units averaging 712 square feet. Joe James and Kent Myers of Austin’s Marcus & Millichap office represented the seller, a developer based in Houston.
HOUSTON — Strategic Capital Partners has partnered with Houston-based American Realty Investors (ARI) to acquire Spring Meadows, a 304-unit multifamily complex in Houston. The partnership invested around $3.1 million of equity and received a bridge loan for the approximately $2.8 million renovation. ARI owns two properties neighboring Spring Meadows.
SAN ANTONIO — Meridian Design Build has completed the construction of a 93,500-square-foot Staybridge Suites hotel located in San Antonio for Montex Real Estate. The hotel is five stories with 135 suites, a 31,500-square-foot underground parking garage and a 10,000-square-foot activity deck. Joe Blanchard and Jim Cather coordinated construction efforts for Meridian. Roswell, Ga.-based Dellisart will manage the hotel, which is an InterContinental Hotel Group brand.
DALLAS — The Dallas office of Grubb & Ellis Co. has recently completed the following lease transactions in the Dallas area: InternetBusinessGroup.com Inc. has leased 26,673 square feet of office space in Westpoint 1 at 1255 Corporate Dr. from Daymark Realty Advisors Inc. Russ Johnson and Noreen Mehdi of Grubb & Ellis represented InternetBusinessGroup.com, and Noran Hogan, Alan Harrington, Robert Deptula and Natalie Snyde of Transwestern represented Daymark. Mixed4Media Inc. has extended its lease from Kodiak Capital Management Co. for 7,495 square feet of office space in the Country Club Plaza at 1701 Legacy Dr. Heather Densmore Shover and Mehdi of Grubb & Ellis represented Mixed4Media and Kodiak were self-represented. Management Decisions-MDI Inc. has leased 2,297 square feet of office space from Kodiak in the Country Club Plaza. Shover and Mehdi of Grubb & Ellis represented Management Decisions-MDI, and Stephen Holley of Jones Lang LaSalle represented Kodiak. Bridgemetrics has leased 3,023 square feet of office space in Country Club Plaza from Kodiak as well. Densmore and Mehdi represented Bridgemetrics, and Damian Rivera of Stream Realty Partners represented Kodiak.
HOUSTON — Northmarq Capital has arranged a permanent mortgage for the 428,831-square-foot Energy Tower II located at 1720 Katy Freeway in Houston. Energy Tower II is a 17-story, Class A office tower in the Energy Plaza development. Financing was based on a 10-year term with a 30-year amortization schedule. John Burke of NorthMarq arranged financing for the borrower, Energy Tower II Investments, through NorthMarq’s relationship with Pacific Life Insurance Co.
HOUSTON — Transwestern’s Houston office has completed more than 44,000 square feet of office leases at Greenspoint Park, an office campus comprising 350,000 square feet, located at Northchase and Benmar Dr. Michelle Wogan of Transwestern and her team represented RM Crowe, the landlord, in the negotiations. New leases include the following: Scientific Drilling has leased 20,700 square feet, and Clay Peeples of Boyd Commercial represented them in the transaction. Integrated Production Systems has leased 16,500 square feet, and David Bale of Jones Lang LaSalle represented them in the transaction. Bankers Life and Casualty has leased 3,200 square feet, and John Parsley of Colliers International represented them in the transaction. Interstate Tax Management has leased 824 square feet.
