PASADENA, TEXAS — Frontier Logistics has leased 300,000 square feet of warehouse space from ING Clarion in Pasadena. The rail-served property is located at 3005 Highway 225, which is close to the Port of Houston. Doug Nicholson and John Nicholson of Grubb & Ellis represented the tenant, who occupied the space March 1. Brian Gammill and Darryl Noon of Transwestern represented the landlord.
GARLAND, TEXAS — MSKW Garland Investments has sold a 64,240-square-foot CarMax to an national investment trust for an undisclosed amount. Located at 12715 Lyndon B. Johnson Highway in Garland, the property sits on 14.41 acres. The tenant has 12 years and two 10-year options remaining on its lease. Martin B. Cohan and Tim Speck of Marcus & Millichap brokered the sale.
SAN ANTONIO AND SAN MARCOS, TEXAS — The Bank of New York Mellon Trust Co. has sold the Marbach Manor apartment complex to Agape Marbach Manor for an undisclosed amount. The 123-unit property is located at 7203 Marbach Ave. in San Antonio. Mike Miller of Hendricks & Partners' San Antonio office represented the seller. Miller and the firm's Will Caruth represented San Marcos Meadows Apartments Limited and San Marcos Les Chateaux Apartments Limited in the sale of a two-property San Marcos portfolio to San Marcos Green Investors. The 128-unit Meadows Apartments is located at 222 Ramsay St., and the 77-unit Les Chateaux is located at 1000 N. LBJ Dr.
PLANO, TEXAS — CMC Commercial Realty Group has sold the 209,089-square-foot CIGNA Pointe Building One to a private party for an undisclosed amount. The Class A property, located at 1640 Dallas Parkway in Plano, was completed in August to LEED Silver standards. CB Richard Ellis' Gary Carr, Russell Ingrum, Jack Fraker and Josh McArtor represented the seller.
FORT WORTH, TEXAS — NewQuest Properties is developing Shops at Timberland Crossing, which will be anchored by a 90,000-square-foot Kroger Signature store. Located at the intersection of Timberland Road and North Beach Street in Fort Worth, the 20-acre property will also feature 21,000 square feet of retail space and three pad sites. The Kroger will include a fuel center. Delivery is slated for 2012.
SAN ANTONIO — Noah's Ark Development will break ground during the second quarter on a Noah's Ark Self Storage & RV Parking facility in San Antonio. The property will be located at the intersection of FM 1516 and IH 10. Facility features will include climate-controlled units, a surveillance system and electrical hookups for RVs. San Antonio-based NDS Construction is the general contractor and will help design the property.
MIDLAND — McCarthy Building Cos. has broken ground on a $100 million expansion and renovation to Midland Memorial Hospital. The project includes upgrades to the 100,000-square-foot Midland property, a new 240,000-square-foot tower and a five-level parking garage. The nine-story tower will feature a data center, patient rooms and emergency areas. Completion of the project, which was designed by Perkins + Will, is slated for September 2012. ADAMS Management Services Corp. represented the hospital's ownership.
SAN ANTONIO — Marcus & Millichap has brokered the sale of the Academy of Healthcare Professionals Building between two undisclosed parties. The property is located at 4738 Northwest Loop 410 in San Antonio. The firm's Marla Rhodes represented the seller, and Joshua Swank, also of the firm's San Antonio office, represented the buyer.
CROSSROADS, TEXAS — Two undisclosed parties have traded a parcel net-leased to AutoZone for $1.33 million. The 0.87-acre property is located at the intersection of U.S. Highway 380 and FM 424 in Crossroads. Stan Johnson Co.'s Ryan Butler and Brad Moulder represented the seller. CIB Real Estate's Russ Lockner and Bill Klippert represented the buyer.
SAN ANTONIO — Marcus & Millichap has brokered the sale of the 35,382-square-foot Burwood Lane Business Park between two undisclosed parties. The property is located at 4-6 Burwood Lane in San Antonio. Joshua Swank of Marcus & Millichap's San Antonio office represented the seller. The firm's Joshua Lass-Sughrue, who works in the firm's Houston office, represented the buyer.