HOUSTON — United Refrigeration has renewed its lease for 10,330 square feet of warehouse space with Cobalt Industrial REIT II. The property is located at 7801 N. Shepherd Drive in Houston. NAI Houston's Jon Michael represented the landlord. Peyton Indermuehle and Jerry Lumbreras of Indermuehle & Co. represented the tenant.
BRYAN, TEXAS — Atlanta-based Apartment Realty Advisors has brokered the sale of Autumn Woods Apartments, a 160-unit, 400-bed student housing community located in Bryan. Constructed in 1999, the property sits adjacent to Blinn College and is less than 5 miles from Texas A&M University. Amenities include a swimming pool, a fitness center, a basketball court and a sand volleyball court. Occupancy was 94 percent at the time of closing. Chris Epp and Chris Bancroft of ARA's National Student Housing Group represented the seller, a Dallas-based private party, as well as the buyer, Realco-Claremont LLC, which is a joint venture between New York-based companies Realco Capital Partners and The Claremont Group.
THE WOODLANDS, TEXAS — Technology Land Investments has purchased 3.8 acres of land in The Woodlands from The Woodlands Development Co. for a 50,000-square-foot office. The building, which will deliver late this year or early next year, will be located on Technology Forest Drive. Jeff Beard of The J. Beard Real Estate Co. represented Technology Land Investments in the transaction. Colliers Texas' Cody Christoph represented the seller.
HOUSTON — Vantage Houston, which operates in Houston and San Antonio, has re-launched as Vantex Commercial Property Group. As part of its new identity, the company has welcomed a new partner into the fold. Vantex specializes in industrial real estate and offers development, construction, design, leasing, sales and property management assistance. The new company, which currently manages more than 4 million square feet, will also target the Dallas and Austin, Texas, markets.
MURPHY, TEXAS — Cadence McShane Construction Co. is gearing up to break ground on the 282,000-square-foot McMillen High School for the Plano Independent School District. The $37 million property will be located on 103 acres at 750 N. Murphy Road in Murphy. McMillen High School will encompass band and music spaces, 10 science labs, a gym, a library, a full-service cafeteria and classrooms. SHW Group designed the project. McMillen High School will be open in time for the 2011-2012 school year.
HOUSTON — Ozburn Hessey Logistics has signed a 75,000 square-foot lease with Panattoni Development Co. for space in its 486,720-square-foot Airtex Industrial Center. The property is located at 14810 North Freeway in Houston. Ryan Fuselier and John Talhelm of Jones Lang LaSalle represented the tenant. Panattoni was represented by Walker Barnett and Gary Mabray of Colliers International. Barnett and Mabray also represented Panattoni in its 54,000-square-foot lease to Velocity Express. Stephen Hemphill of Dallas-based Mohr Partners represented Velocity.
BONHAM, TEXAS — Clay Meadows of CAM Capital Co. has secured a $3.17 million loan for Red River Regional Hospital. The 25-bed property is located in Bonham. Synergy Bank funded the 25-year loan, which carries an 80 percent loan guarantee from the USDA.
SAN ANTONIO — CB Richard Ellis (CBRE) has brokered the sale of Cielo Hills, a 101-unit multifamily community located at 2819 SE Military Drive in San Antonio. The property includes one- to four-bedroom units that average 900 square feet in size. The property was foreclosed on by its original lender in 2009, and has since been managed by Greystar, which has completed capital improvements to it. Steve Monroe of CBRE's San Antonio office represented the seller, Cielo Hills SA LLC. The buyer is locally based Aristocrat Developers. The acquisition price was not disclosed.
CORPUS CHRISTI, TEXAS — Brunkenhoefer Law Firm has disposed of its office building located in downtown Corpus Christi. The property is a two-story, approximately 7,700-square-foot building. The firm will be relocating to 606 North Carancahua, also in Corpus Christi. Matthew Cravey of NAI Cravey Real Estate Services represented the seller. George Clower of The Clower Company represented the buyer, Channing Slusher, Trustee. The acquisition price was not disclosed.
CUERO, TEXAS — A new Best Western hotel has opened in Cuero. The Best Western Park Heights Inn and Suites is located at 308 Park Heights Drive. It contains 52 guestrooms, including 23 suites. Amenities include an outdoor swimming pool, a fitness center, a 24-hour business center and meeting space for up to 15 people. The hotel is owned by Dipak Patel under a licensing agreement with Best Western International.