HOUSTON — NorthMarq Capital has arranged a $7.2 million loan for the 113,988-square-foot Jewelry Exchange Building in Houston. Ladder Capital Finance provided the debt. NorthMarq's Jim Adams secured the financing.
HOUSTON — FedEx has leased 146,792 square feet from KDC at the Ellington Trade Center in Houston. The 50-acre property spans 513,800 square feet and is located on State Highway 3. FedEx will move 250 employees into the building starting October 1. Kirk Bittel of Fischer & Company represented FedEx. NAI Houston's John Ferruzzo, Griff Bandy and Jon Michael represented KDC.
HOUSTON — Sutherland Asbill & Brennan has signed a 41,410-square-foot lease for space in Houston's First City Tower, brining the building's occupancy to 92 percent. The LEED-ED office property, which is owned by FC Tower Property Partners, is located at 1001 Fannin St. First City Tower stands 49 stories and spans 1.3 million square feet. Cushman & Wakefield 's Kevin Snodgrass represented the tenant. Colvill Office Properties' Chip Colvill and Michael Anderson represented FC Tower Property Partners.
HOUSTON — CarGreen Acres has sold a 6.5-acre tract of land to TIOBI for future development. The purchase price was not disclosed. The land is located at 1813 Greens Road in Houston. CB Richard Ellis' Glynn Mireles represented the buyer. Insight Commercial Real Estate's Rives Noland represented the seller.
FRISCO, TEXAS — Four companies have signed leases with Hall Financial Group at the firm's Hall Office Park in Frisco. ActionCOACH signed a 4,023-square-foot lease at 2401 Internet Blvd. Studley's Ric Kanatzar represented the tenant. Tribridge signed a 3,030-square-foot lease at 3000 Internet Blvd., and Andy Leatherman of Jones Lang LaSalle represented the firm. Viamedia signed a 2,823-square-foot lease at 2600 Network Blvd., and Perquest signed a 1,604-square-foot expansion at 2801 Network Blvd. L.J. Erickson of Duggan Realty Advisors negotiated the lease on behalf of the tenant. Kim Butler and Tammy Lomonaco represented the landlord in house.
AUSTIN, TEXAS — The Mulholland Group has purchased the 218,600-square-foot Malibu Apartments from a private party for an undisclosed amount. Located at 8600 N. Lamar Blvd. in Austin, the property spans 476 units and is 96 percent occupied. Malibu features a pool, a playground and a fitness center. Will Balthrope, Joe James and Ryan Epstein of Marcus & Millichap brokered the sale.
PFLUGERVILLE, TEXAS — Cinemark Theaters has leased 30,000 square feet from NewQuest Properties in the Stone Hill Town Center. The property is located at the intersection of SH130 and SH45 in Pflugerville. NewQuest's Steven Alvis and Jay Sears represented the tenant. The firm's David K. Meyers and Heather Nguyen represented the company internally.
WESTOVER HILLS, TEXAS — A joint venture between Trammell Crow Co. and Kennedy Associates, Partners Health Trust, has purchased the 60,549-square-foot Westover Hills Medical Plaza I medical office building from Trammell Crow Co. for an undisclosed amount. The property, located at 11212 State Highway 151 in Westover Hills, is 96 percent leased to 20 physician groups. The building was completed in December 2007. Financing for the purchase was provided by Life Company of the Southwest.
GRAPEVINE, TEXAS — Marcus & Millichap has brokered the sale of a 6,148-square-foot Buffalo Wild Wings Grill & Bar between two private parties for an undisclosed amount. The property is located at 1525 William D. Tate Ave. in Grapevine. The net-leased property has 10 percent rent escalations every 5 years, and the tenant has 10 years remaining on its lease. Craig Lewin and Patrick Giles of Marcus & Millichap represented the seller. The firm's Tommy Tucker and Vincent Knipp represented the buyer.
FORT WORTH, TEXAS — KAI Texas will undertake a $3.9 million renovation to Eastern Hills High School and Eastern Hills Elementary in Fort Worth. The 15,000-square-foot project, located on Shelton Street in Fort Worth, will deliver in February. The renovations are part of Fort Worth Independent School District's $593.6 million capital improvement program. KAI is also designing projects at the Luella Merritt Elementary School and Leonard 6th Grade Center.