COLLEGE STATION, TEXAS — Sandstone Investments of California has sold the 237-unit Polo Club Apartments to a local private investor for an undisclosed price. Located at 700 Dominik Drive in College Station, the property is 99 percent occupied. Kelly Witherspoon and Jeff Patterson of Apartment Realty Advisors represented the seller.
HOUSTON — Boxer Property has purchased two office properties in Houston from special servicer LNR Partners for an undisclosed amount. The transaction included the 111,159-square-foot 9950 Westpark Drive, which is 69 percent occupied. The other property, a 148,695-square-foot building at 10333 Harwin, is 46 percent occupied. Dan Miller and Robert Williamson of Holliday Fenoglio Fowler represented the seller.
DALLAS — Hord Street Properties has purchased a 45,820-square-foot warehouse from a private party for an undisclosed price. The property is located at 1245 Viceroy Drive in Dallas. Richard Myers and Clint Riley of Bates & Myers Co. represented the buyer in the transaction. Stream Realty Partners' Todd Noonan represented the seller.
HOUSTON — Houston Uniform Apparel Co./Accent Sign Awning Co. has purchased a 38,500-square-foot warehouse from a private seller for an undisclosed price. The property is located at 6015 Skyline Drive in Houston. NAI Houston's Griff Bandy and Jon Silberman represented the buyer.
FORT WORTH, TEXAS — Fort Worth-based Atlas Properties has purchased a 105,700-square-foot building and two parking lots in the Crossroads Arts District in Kansas City. The retail property is reportedly the former hub of the Kansas City bootlegging industry, and the building features tunnels and hidden rooms. The purchase comes with $3.95 million in TIF financing and state and federal historic tax credits. Atlas will reposition the property as a mixed-use development. This is Atlas' second acquisition in Kansas City this year.
DALLAS —Winstead PC has signed a 128,782-square-foot lease with Harwood International at 2728 N. Harwood in Dallas. The tenant will occupy eight floors of the 10-story office tower and is expected to move from its current location in downtown Dallas to the new property in January 2013. The Harwood building, which was completed in 1996, features a fitness center and a restaurant. Jihane Boury and David Roehm of Harwood International represented the firm internally. Phil Puckett and Chris Hermann of CB Richard Ellis represented the tenant.
HOUSTON — Compañia Minera y Beneficiadora Purisima S. De R.L. – Silvana Sanchez Helu has purchased a 3,300-square-foot retail center from a family partnership for an undisclosed amount. The property is located at 6122 Washington Ave. in Houston. John Wall, Jr., and Will Moss of The Situs Companies represented the seller. United Texas Realtors' Maria Helu-Garcia represented the buyer.
IRVING, TEXAS — Bert Stevens of CB Richard Ellis has brokered the sale of a Days Inn & Suites in Irving between an undisclosed seller and Ambe Hotels. The 134-room Days Inn & Suites DFW North, which was built in 1983, is located near the Dallas/Fort Worth International Airport. Ambe Hotels plans to keep the Days Inn & Suites brand and will invest more than $750,000 in upgrades to the property.
HOUSTON — North East Trade Center has signed a 60,000-square-foot lease with Canal Warehousing for industrial space in Houston. The property is located at 5411 Mesa Road. Rob Stillwell of Grubb & Ellis brokered the transaction. Terms of the lease were not released.
DALLAS — Parmenter Realty Partners has purchased the 326,000-square-foot VHA Place mixed-use property from a private buyer for less than $50 per square foot in a distressed transaction. The property, which is located in the Las Colinas submarket of Dallas, was purchased using the Parmenter Realty Fund III. VHA Place contains 256,000 square feet of office space, which is 82 percent leased. Parameter also owns the adjacent properties, Las Colinas Towers I & II, and plans to reposition VHA Place and synergize the three properties. Gary Dunkum and Suzanne Saunders of Grandbridge Real Estate Capital arranged the financing, which was provided by American National Insurance Co.