FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of a 9,244-square-foot shopping center between two private parties for an undisclosed amount. The 6-year-old Golden Beach Marketplace is located at 4516 Golden Triangle Blvd. in Fort Worth. The center is fully occupied and is shadow-anchored by Albertsons. The firm's Tommy Tucker brokered the sale.
CARROLLTON, TEXAS — Ultra Pure Solutions has leased 54,095 square feet of warehouse space from CRP Holdings B in Carrollton. The property is located at 1130 W. Jackson Road. Adam Graham and Nathan Denton of Lee & Associates represented Ultra Pure. CB Richard Ellis' Corbin Crews represented the landlord.
PEARLAND, TEXAS — Holliday Fenoglio Fowler has secured a $24.5 million loan for the 392-unit Alexan Shadow Creek Ranch apartment complex in Pearland. The property is located at 11900 Shadow Creek Parkway in the city's 3,500-acre, master-planned Shadow Creek Ranch community. Alexan Shadow Creek is 95 percent occupied. Freddie Mac financed the 10-year, fixed-rate loan. Jody Thornton and associate director John Ahmed of HFF worked to arrange the loan.
ARLINGTON, TEXAS — Messina Properties has sold a 162,000-square-foot store that formerly housed a Macy's to a private buyer for an undisclosed amount. The property is located on 14 acres at Six Flags Mall in Arlington and will be redeveloped. Cushman & Wakefield of Texas brokered the sale.
HUNTSVILLE, TEXAS — Apartment Realty Advisors (ARA) has brokered the sale of two off-campus student housing communities in Huntsville that serve the students of Sam Houston State University. Both properties are within walking distance of the school. Woodcreek Apartment Resort is a 196-unit property located at 1235 Josey St., and Cornerstone Apartment Homes is an 83-unit property located at 22090 Bobby K. Marks Drive. Both properties were built in 1983 and both feature swimming pools and hot tubs. The buyer was a San Antonio-based private investment group. Jeff Patterson and Kelly Witherspoon of ARA's Secondary Markets team, along with Chris Bancroft and Chris Epp of the firm's National Student Housing Group, represented the seller, a Texas-based private investment company.
DALLAS — Marcus & Millichap has completed two Dallas sales. The first deal involved the sale of a 14,922-square-foot office building located at 6105 Windcom Court. The property is fully occupied, mostly by medical office tenants. Patrick Giles and Craig Lewin of Marcus & Millichap's Dallas office represented the seller, a local partnership, and procured the buyer, a local limited liability company. The second deal consisted of the sale of a 14,000-square-foot industrial building located at 1940 W. Northwest Highway. The building is currently vacant, but the tenant still has 1.5 years remaining on a triple-net lease. Scott Ryan of Marcus & Millichap's Dallas office and Steve Sauter of the firm's Palo Alto, Calif., office represented the seller, a California-based investor. The buyer was an undisclosed party out of San Antonio.
BEE CAVE, TEXAS — United Commercial Realty (UCR) has arranged a lease within Bee Cave's Hill Country Galleria on behalf of Parmida Home. The furnishings retailer will occupy 10,500 square feet within the shopping center. It will be the company's second location in Texas. Dean Vandergriff of UCR's Austin office arranged the deal between Parmida Home and the landlord, Galleria Texas LLC.
PEARLAND, TEXAS — Brask Inc., Neela is constructing a new fabrication facility on 9.45 acres within Pearland's Industrial Park in Pearland. The facility will feature welding, machining and assembly departments as well as a clean room for high-alloy welding. Completion is slated for the third quarter of 2011. Brask received a package of property tax abatements, job creation grants and bond financing to help fund the project. The estimated cost of the project is $6 million.
FAIRVIEW, TEXAS — MGHerring has selected Cadence McShane Construction Co. to complete renovations to the Whole Foods Market located within the developer's Village at Fairview project in Fairview. Construction will include the replacement of the existing masonry façade with a contemporary masonry exterior. In addition, the exterior will be painted, and new metals panels and canopy extensions will be added. The project is scheduled for completion in the fall.
COLLEYVILLE, TEXAS — Stream Realty Partners has arranged the acquisition of a 2,500-square-foot office property at 5209 Heritage Ave. in Colleyville. The buyer, Bishop and Chen Orthodontics, is currently located in Bedford, Texas, and will relocate in August. Russell Webb of Stream represented the buyer, and Bill Jordan of Moss Jordan represented the seller, TAK Enterprises