AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 16-unit Austin property between two private parties. The 6,180-square-foot property is located at 500 Elmwood Place. Kent Myers of Marcus & Millichap's Austin office brokered the sale.
Texas
HURST, TEXAS — Woodvale, Limited has purchased a 3,200-square-foot office from SB and T Assets Corp. The property is located at 464 MidCities Blvd. in Hurst. Russell Webb of Stream Realty Partners represented the buyer. Elizabeth Villalba and Tim McNutt of Bright Realty represented the seller.
HOUSTON — Beacon Investment has purchased the 130,822-square-foot Timberway II office building from PS Business Parks for an undisclosed price. The building is located on a 4.5-acre site at 15995 N. Barkers Landing in Houston's energy corridor. Dan Miller, Martin Hogan and Trent Agnew of Holliday Fenoglio Fowler represented the seller. Susan Hill of HFF worked with the borrower, BRI 1826 Timberway, to secure acquisition financing.
HOUSTON — Cadence McShane Construction Co. has completed upgrades and renovations to the 378,150-square-foot Willowridge High School for the Fort Bend Independent School District. Cadence McShane also built an additional 1,950 square feet of new space. The 30-year-old property is located at 16301 Chimney Rock in Houston. Renovations included work on the 1,000-seat auditorium, two gyms, four science labs, and band and dance facilities. A $428 million bond referendum funded the project.
SUGAR LAND, TEXAS — Cabot Properties has selected Transwestern's Houston office to lease Sugar Land Southwest Business Center. The 171,240-square-foot, Class A flex property is located in the 902-acre Sugar Land Business Park. The park houses Schlumberger Technology Corp., Baker Petrolite and Boise Cascade.
ODESSA, TEXAS — Hardin Construction Co. has broken ground on the $11.9 million Center for Health and Wellness at Medical Center Hospital in Odessa. The property will include medical offices, a gym, swimming pools, rehabilitation spaces and urgent care areas. The property will also be the home base for Mission Fitness, an adult-oriented fitness program.
CORPUS CHRISTI, TEXAS — KWM Investments has purchased a 6,500-square-foot building formerly occupied by Hertz Equipment Rentals from The Hertz Equipment Rental Corp. for an undisclosed price. The property is located0 on 2.14 acres at 921 Port Ave. in Corpus Christi. The tenant plans to undertake interior and exterior upgrades to the facility, which features a 1,000-square-foot covered wash bay. NAI Cravey Real Estate Services brokered the sale.
ARLINGTON, TEXAS — SF Farmers Insurance has sold a 13,088-square-foot office building in Arlington to a private investment group for an undisclosed amount. The new owners will use the two-story space as the School for Allied Health Professionals' training and lab facility. Gary Walker and Renee Guy-Efimoff of SCM Real Estate Services represented the seller. Fischer & Sanger's Robert Fisher represented the buyer.
HOUSTON — Pacific Drilling Services has leased 19,670 square feet of office space in Houston from DRA CRT Post Oak. The property, Lakes on Post Oak, is located at 3050 Post Oak Blvd. NAI Houston's Jon Silberman represented the tenant. Cory Armbrister of CB Richard Ellis represented the landlord.
ARLINGTON, TEXAS — An undisclosed private investor has sold a 3,863-square-foot Wachovia to an undisclosed buyer. Wachovia is on the second year of a 20-year ground lease for the property, which is located at 4380 W. Green Oaks Blvd. in Arlington. Philip Levy, Tommy Tucker and Jason Vitorino of Marcus & Millichap's Dallas office represented the seller. Dennis Leslie and Adam Paulsen of the firm's San Diego office represented the buyer. The sale price was not released.