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.
Texas
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.
FORT WORTH, TEXAS — Mitchell & Murphy LLC has purchased a 13,230-square-foot warehouse from Colonial Freight Systems for an undisclosed amount. Located at 1201 Cantrell Sansom in Fort Worth, the property sits on 5.46 acres. Marla Yost of Keller Williams represented the buyer in the transaction. NAI Huff Partners' Walter Floyd and Robert Sawyer represented the seller.
AMARILLO, TEXAS — Two undisclosed parties have traded a 9,014-square-foot Dollar General for $1.05 million. The property, located at 4308 Washington St. in Amarillo, is triple-net leased to the tenant. Andy Gallas, Gino Lollio and William Bennett of Marcus & Millichap's Chicago office represented the seller in the transaction. The firm's Timothy Speck also helped close the deal.
WICHITA FALLS, TEXAS — Natura World, a pillow and bedding manufacturer, will open its new U.S. headquarters in Wichita Falls, a $24.9 million capital investment that will create 400 jobs. The property will be the company's only location in the United States. The state of Texas invested $1.5 million in the project through a Texas Enterprise Fund grant.
ARLINGTON, TEXAS — Tarrant County Hospital District has renewed a 10,500-square-foot lease at JPS Health Center Ð Central Arlington. The property, located at 501 W. Main St., was opened in 2005. Tenants in the building offer pediatric, behavioral health and family medicine services. Gary Walker and Renee Guy-Efimoff of SCM Real Estate Services represented the undisclosed landlord. Grapevine's Richard E. Hill represented Tarrant County Hospital District in the transaction.
DALLAS — Circuit Co. has signed a 13,111-square-foot lease with an undisclosed landlord at 1380 Presidential Drive in Richardson. Emily Candee and Henry Knapek of Transwestern represented the tenant. Lee & Associates' Adam Strittmatter and Nathan Denton represented the landlord.
TEXAS — InterContinental Hotels will have opened 13 new Candlewood Suites properties in Texas by the mid-mark of 2010. This will increase the company's Texas holdings to 50 properties. Candlewood Suites locations have already opened in San Antonio, Austin and the Houston metro area. Two more will open in Houston in the coming months, and another San Antonio property is being built. Texas locations are also planned for Abilene, Fort Stockton, Fort Worth and Temple.