MESQUITE, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged $6.5 million in financing for the Town East Tower office building located in Mesquite. The loan includes a 6.25 percent interest rate and a 25-year amortization schedule. MCA's Todd McNeill secured the loan on behalf of a single-asset entity controlled by International Town East Tower LP. The lender was a regional bank.
HOUSTON — Yancey-Hausman Interests has disposed of Fallbrook Business Center, a speculative warehouse facility located at 8726 Fallbrook Drive in Houston. The 40,450-square-foot property features 26-foot clear ceiling heights, two truck courts and six 14-foot tall overhead doors. The buyer, Master Flo, plans to use the building for its valve repair and maintenance operations. Yancey-Hausman Vice President Forbes Henderson represented the seller, YH Development LP, which is an investment group set up by Yancey-Hausman. Stephen George Inc. represented the buyer. The acquisition price was not disclosed.
HOUSTON — CB Richard Ellis (CBRE) has brokered the sale of a Bank of America retail branch located within Houston's Greenway Commons Shopping Center. The property totals 4,297 square feet. Ryan West of CBRE represented the seller, PMC Houston Retail Operating LLC. The buyer was undisclosed.
FORT WORTH AND HURST, TEXAS — Fort Worth-based NAI Huff Partners has arranged two land sales. In the first deal, the Crowley Independent School District purchased 22.5 acres located on Summer Creek Drive in Fort Worth for the construction of a future school. Lester Day of NAI Huff represented the seller, Comerica Bank. In the second transaction, Quick Trip Corp. acquired a 30,000-square-foot parcel located at the corner of Precint Linne and Airport Freeway in Hurst for the expansion of an existing Quick Trip gas station. NAI Huff represented the seller, Morash Family LP, and Gridiron Capital represented the buyer.
KILLEEN, TEXAS — SRS Real Estate Partners has arranged the sale of The Shops at Killeen Mall, a 9,070-square-foot retail property located at 2401 E. Central Texas Expressway in Killeen. The center is fully occupied by a tenant roster that includes Verizon Wireless, FedEx Office and USAA. Jason Middlebrook of the Austin office of SRS represented the undisclosed seller. The buyer was a private trust, and the acquisition price was not disclosed.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 37,767-square-foot ground lease in Austin for $3.26 million. The site, located at 7820 Burnet Road, is occupied by Comerica Bank. Mark Ruble and Jamie Medress of Marcus & Millichap's Phoenix office represented the buyer, Roddimeyer III LLC. Timothy Speck of Marcus & Millichap's Dallas office assisted in the transaction. The seller's name was not disclosed.
HOUSTON — Colliers International has completed a 15,000-square-foot commercial sale in Houston The property is located at 1740 Westheimer; the new owner, Geophycial Pursuit, will occupy the top two floors. Jay Kyle and Robert Parsley of Colliers represented the buyer; the pair will also lease the bottom floor of the building, which consists of 5,100 square feet of office and retail space. The seller was NPN 2702 Westheimer.
HUMBLE, TEXAS — Dominium Development & Acquisition has purchased Humble Memorial Gardens, a 75-unit affordable senior housing property located in Humble. The property was first built in 2005. Dominium's subsidiary Dominium Management Services will manage the facility. The seller's name and the acquisition price were not disclosed.
GARLAND AND GRAPEVINE, TEXAS — The Dallas-Fort Worth office of Lee & Associates has completed two Texas industrial deals. First, Signature Home Furniture purchased a 23,500-square-foot warehouse located at 3939 Forest Lane in Garland. The seller is BCD Electro. Lee's Adam Strittmatter and Greg Nelson represented the buyer. Doug Molny of Jim Lake Cos. represented the seller. In addition, Insight Marketing signed a lease for 70,000 square feet of space at 1000 S. Nolen Drive in Grapevine. Lee's Donnie Rohde and Ken Wesson represented the tenant. Bradford Cos. represented the undisclosed landlord. Terms of both deals were not disclosed.
LUBBOCK, TEXAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged a $9.9 million loan for the refinancing of Sagewood Apartments, a 355-unit multifamily community located in Lubbock. Constructed in 1984 and expanded in 1998, the property is situated at 5917 67th St. Occupancy was 90 percent at the time of closing. The loan, which was procured through Freddie Mac, carries a 10-year term and a 5.79 percent, fixed interest rate. Mona Carlton of HFF arranged the financing through the buyer, McDougal Cos.