AUSTIN, TEXAS — Simon Property Group has completed the second phase of development for the 304-acre Domain, an Austin mixed-use project located on property formerly owned by IBM. The phase, known as Domain II, is anchored by Dillard's and Dick's Sporting Goods. The Beck Group of Dallas designed the property's retail and office space and served as general contractor. The first phase, which opened in 2007, is anchored by Neiman Marcus.
IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 7,225-square-foot retail building between two private parties for $1.48 million. The property, located at 444 N. O'Connor Road in Irving, is net-leased to O'Reilly Auto Parts, the third-largest auto parts dealer in the country. William Bennett, Gino Lollio and Andy Gallas of Marcus & Millichap represented the seller. Timothy Speck also helped close the deal.
FRISCO — Behringer Harvard Opportunity REIT I and Fairways Frisco are developing a 12-screen Cinemark movie theater at the Frisco Square mixed-use project in Frisco. The Cinemark property will be located on Frisco Square Boulevard. Features of the theater include a Cinemark XD: Extreme Digital Cinema auditorium, stadium seating and a self-serve concession stand.
TAYLOR, TEXAS — The City of Taylor Park Foundation will hold a ribbon cutting on Saturday for a 74.86-acre park and athletic complex. The park is located at 210 N. Carlos G. Parker Blvd. in Taylor. The property, which was purchased from Williamson County in 2005, features athletic fields, concession areas, restrooms and a nature area.
ARLINGTON, TEXAS — CompUSA Retail has leased 25,000 square feet from Diana Arlington LP. The property is located in the former Bassett Furniture building at 1600 Interstate 20 West. John Mathes and Terry Syler of The Retail Connection and Ed Schmidt of NAI Miami brokered the transaction.
SHERMAN, TEXAS — As part of a company-wide reorganization, The J.M. Smucker Co. will close its coffee plant in Sherman. Smucker's $190 million restructuring includes $90 million in non-cash changes. The plan also includes $150 million in capital investment in a new Orrville, Ohio, facility and upgrades to its Ripon, Wis., plant. A fruit spread plant in Memphis, Tenn., and a coffee plant in Kansas City will also be shuttered.
HOUSTON — DI Distribution has signed a 7,500-square-foot warehouse lease with BCO North Freeway in Houston. The property is located at 6831 Fulton St. Insite Realty Partners' Steve Hazel represented the landlord in the lease. Darren O'Connor of NAI Houston represented the tenant.
DALLAS — El Castor, a Mexican restaurant, has leased 2,930 square feet of space in the Meadow Central Market in Dallas. The property is located at the corner of North Central Expressway and Meadow Road. The Weitzman Group's Austin Schenkel and Christopher Young handled the lease. El Castor currently has three locations in Mexico.
HOUSTON — Holliday Fenoglio Fowler has secured a $25.9 million loan for Sawyer Heights Lofts, a Class A apartment complex in Houston. The 326-unit property is located on 5 acres at 2424 Sawyer Heights St. The Freddie Mac loan carries a 10-year, fixed-rate term. HFF's Scott Galloway, Matthew Kafka and Robert Wooten arranged the loan.
DALLAS — Hilite Industries Automotive has leased 10,915 square feet from Alexander Plastics in Dallas. The industrial property is located at 12013 Denton Drive. Nathan Denton and Hanes Chatham of Lee & Associates represented the tenant. NAI Robert Lynn's James Collins represented the landlord.
