HOUSTON — Max Movers Inc. has renewed its lease for 103,800 square feet of space at 1205 N. Post Oak Rd. in Houston. Andre' Granello, Barrett Gibson and Jeffery Peltier of Gibson & Granello Realty Partners represented Max Movers, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire and Marine Insurance Co.
RICHARDSON — Fossil Partners, L.P., a worldwide designer and distributor of fashion accessories, has leased 535,000 square feet of office space at the southeast corner of Central Expressway and Spring Valley in Richardson. Formerly home to Blue Cross Blue Shield of Texas (BCBSTX), the office space became available when BCBSTX moved into new headquarters in March 2010. Fossil is consolidating its employees from its two Richardson corporate offices into its new space. It's also moving distribution operations currently located at 2155 Campbell Creek in Richardson to previously leased space. KDC, a commercial real estate and investment firm, has leased the 535,000 square feet at Central Expressway and Spring Valley to Fossil, and will purchase the other three buildings vacated by Fossil as part of the transaction.
FORT WORTH — Cadence McShane Construction Co. has completed a 328,828-square-foot tenant improvement assignment within Building 700 of Fort Worth's RiverPark Business Center for Pratt Industries Inc., a vertically integrated paper, packaging and resource recovery company. Pratt Industries occupies the entire facility that includes 318,416 square feet for manufacturing purposes and 10,412 square feet for office space. Cadence McShane originally constructed the building as a speculative industrial site for developer Seefried Properties Inc. Alliance Architects provided the architectural services for the tenant improvement assignment for Pratt Industries.
HOUSTON — Willbros United States Holdings, Inc., an oil and gas equipment and services provider, has signed an 87,212-square-foot office lease at Five Post Oak Park in Houston's Galleria submarket. Willbros extended its original lease for 10 years, expanding its size by 44,178 square feet. Tim Relyea, Joe Peddie and David Guion of Cushman & Wakefield of Texas represented Willbros, while Clint Bawcom and Brian McMackin of Cassidy Turley represented the landlord, Shorenstein Properties LLC. Five Post Oak Park is a 567,319-square-foot Class A office building located at 4400 Post Oak Pkwy.
FORT WORTH, TEXAS — Spire Realty Group has procured a $44 million loan for the acquisition of Two City Place, a 315,225-square-foot office tower located at 100 Throckmorton St. in Fort Worth. The property was built in 1976 and renovated in 2008. It was 82 percent leased at the time of closing to a tenant roster that includes Range Resources and First American Payment Systems. The loan carries a 5.72 percent fixed rate and a 5-year term. The lender was JP Morgan Chase Bank. The Holliday Fenoglio Fowler team of Wally Reid, Travis Anderson and Corby Chaffin represented Spire Realty.
OKLAHOMA CITY — A joint venture between Dallas-based Atlas Advisors Commercial Real Estate and Barton Creek Capital has secured a $15.71 million loan for its purchase of a 561,551-square-foot Oklahoma City warehouse portfolio. The portfolio is situated in the city's Southwest Industrial submarket and was 85 percent leased at the time of closing. The loan is variable rate, non recourse and was provided by Chicago-based NXT Capital. Jason Pumpelly of Johnson Capital's Dallas office arranged the loan.
SPRING, TEXAS — NorthMarq Capital has arranged $12.84 million in Freddie Mac financing for Stoneleigh on Spring Cypress, a 216-unit multifamily community located at 7215 Spring Cypress Road in Spring. The loan carries a 7-year term and a 30-year amortization schedule. William Jackson of NorthMarq's Dallas office arranged the loan on behalf of the undisclosed borrower.
HOUSTON — The Westin Memorial City is officially opening this week on March 24. Bounded by Interstate 10 and Gessner Road in Houston, the 570,000-square-foot hotel features 267 guest rooms including 25 suites; more than 30,000 square feet of meeting and banquet space; and an 18th floor infinity pool with panoramic views of Houston's skyline. The hotel also features the Trattoria II Mulino restaurant from the creators of II Mulino New York in New York's West Village. The Westin Houston Memorial City is the Westin brand's third property in Houston and is part of the Memorial City Complex featuring three Starwood brands, which include the Four Points Houston Memorial City and the Sheraton Houston West.
DESOTO — DeSoto Economic Development Corp. has acquired 18.74 acres located at the southwest corner of East Danieldale Road and Kestrel Avenue in DeSoto. The land will be used for development of a new heliport, suitable only for use by helicopters. According the city's plans, the heliport will service privately and commercial-owned helicopters. Initial construction and opening date are to be determined. Daniel Harris of Henry S. Miller Brokerage represented DeSoto Economic Corp. in the transaction. Representing the land's previous owner, Mahan Investment, was Jim Struble of NAI Robert Lynn.
HOUSTON — A two-story, 31,926-square-foot office building located at 1075 Kingwood Dr. in Houston has sold for an undisclosed amount. Brookfield Real Estate Opportunity Fund, a division of Brookfield Asset Management, sold the property Eminent Realty Development Group. The office property sits on a 3.86-acre site at the entrance to the Kingwood master-planned community close to Highway 59 and the George Bush Intercontinental Airport in northeast Houston. Renovated in 2008, the property is 91 percent leased to tenants including JPMorgan Chase, McDowell Owens and Compass Anesthesia. Dan Miller and Trent Agnew of Holliday Fenoglio Fowler (HFF) represented Brookfield in the transaction.