HOUSTON — Studely has signed a 15,000-square-foot office lease with Brookfield Properties for space in the 1.19-million-square-foot Three Allen Center. The downtown Houston property will serve as Studley's new Houston office, and the move more than doubles the firm's space. Studley represented itself in the 10-year lease. The landlord also had in-house representation.
Texas
HUMBLE, TEXAS — An entity controlled by Fidelis Realty Partners has purchased a 170,000-square-foot retail property for redevelopment from a private party for an undisclosed amount. The property, located at the intersection of Townsen Blvd. and FM 1960 in Humble, formerly housed a Super Kmart. Academy Sports + Outdoors has pre-leased 95,000 square feet of the space. Once construction is completed by next summer, the project will span more than 200,000 square feet.
EL PASO, TEXAS — EPT The Trails at Rancho Vista Apartments LLC has purchased the 310-unit Amberwood apartment complex from Amberwood Housing for an undisclosed amount. The El Paso property contains one-bedroom, two-bedroom and three-bedroom apartments. Winston Black of Hendricks & Partners represented the buyer.
HOUSTON — Tanner McGraw of Marcus & Millichap's Houston office has brokered the $4.3 million sale of Nanes Professional Building between two undisclosed parties. The 55,888-square-foot property, which was constructed in 1984, is located at 17030 Nanes Drive in Houston.
MIDLOTHIAN, TEXAS — Kehe Food Distributors has sold a 316,031-square-foot warehouse to QuikTrip Corp. for more than $10 million. The property, located at 4200 Railport Parkway in Midlothian, contains freezer and cooler sections and has ceilings that are 72 feet tall. Lee & Associates' Trey Fricke and Reid Bassinger represented the seller. Jesse Pruitt of Somervell Commercial Realty and Chris Teesdale of Colliers International represented QuikTrip.
WHITE SETTLEMENT, TEXAS — Co-Operative Industries has acquired a 121,096-square-foot warehouse from a private party for an undisclosed amount. The property is located at 1401 S. Cherry Lane in White Settlement. NAI Robert Lynn's Todd Hubbard represented the buyer. UCR's Ryan Tinch represented the seller.
PLANO, TEXAS — Brandon Chavoya of Holliday Fenoglio Fowler has secured a $5.8 million loan for the 131,882-square-foot Jupiter Tech Center and Summit Service Center buildings. The flex properties are located at 1000 Jupiter Road and 1825-1865 Summit Ave. in Plano. ViewPoint Bank financed the 5-year, fixed-rate loan.
FORT WORTH AND ARLINGTON, TEXAS — Arbor Commercial Funding has arranged three loans totaling more than $9 million for apartment complexes in Fort Worth and Arlington. A $3.41 million loan was secured for the 185-unit La Joya Apartments in Arlington; $3.36 million was obtained for the 216-unit Linda Vista Apartments in Fort Worth; and $3.19 million was secured for the 208-unit Bella Apartments in Fort Worth. The loans carry 5.69 percent interest rates on 10-year terms with 30-year amortization schedules. Arbor's Anthony Tarter arranged all the deals.
IRVING, TEXAS — KBS Real Estate Investment Trust II has purchased the 400,123-square-foot Dallas Cowboys Distribution Facility from a private seller for an undisclosed price. Located at 2500 Regent Blvd. in Irving, the 1-year-old property is fully occupied by Dallas Cowboys merchandising firms. CB Richard Ellis' Jack Fraker and Josh McArtor represented the seller, and KBS was represented internally.
SAN ANTONIO, TEXAS — The Department of Defense has leased 20,616 square feet of office spacefrom Talcott Realty Investors in theBank of America Plaza. The property is located at 300 Convent St. in San Antonio.The building is currently 90 percent occupied. CB Richard Ellis' Seth Prescott represented the Department of Defense. Martin Down of Transwestern represented the landlord.