SAN ANTONIO — Inland Western REIT has borrowed a $39 million loan from Nationwide Insurance Co. for the Huebner Oaks shopping center. The 287,000-square-foot property is located on 30 acres at 11745 Interstate 10 West in San Antonio. Huebner Oaks is 95 percent leased to tenants including Borders, Ross Dress for Less, Old Navy and Banana Republic. Kevin MacKenzie of Holliday Fenoglio Fowler secured the 5-year loan.
Texas
PLANO — Telect has signed a 100,000-square-foot lease with KTR DAL I for warehouse space in Plano. The property is located at 1801 10th St. CB Richard Ellis' Scott Hobbs and Jeff Ellerman represented the tenant.
FRESNO — Investors of Golden Jubilee Group has purchased the 20,000-square-foot Teal Run Village Shopping Center from a private party for an undisclosed amount. The property is located at the corner of Highway 6 and Teal Bend Boulevard in Fresno. Huntington Properties' Philip Mullet and Sandy Aron represented the seller.
HOUSTON — McDermott International has signed a 190,000-square-foot office lease renewal with Berhinger Harvard in Houston. The property is located at 757 N. Eldridge Parkway. Lucian Bukowski and Mike Boehler of Jones Lang LaSalle represented the tenant. CB Richard Ellis' John Pruitt and Kristen Rabel represented the landlord.
HOUSTON — Christopher Hunter of Marcus & Millichap has represented a limited liability company in the purchase of a Houston distribution warehouse from a private party for an undisclosed amount. The 36,675-square-foot property is located at 1210 Shotwell St. The building includes 1,500 square feet of office space.
ARLINGTON — Hobby Town USA has opened a 15,000-square-foot store at Bardin Place Center in Arlington. The property, which is owned by Centro Properties Group, is located at the interchange of Interstate 20 and South Cooper Street. ESR Commercial's Rich Aries represented Hobby Town in the deal. Mike Watson served as in-house representation for Centro.
MCKINNEY — Mid-American Apartment Communities has purchased the 250-unit Venue at Stonebridge Ranch apartment complex from a private seller for an undisclosed price. Amenities at the McKinney property include a resort-style pool and Wireless Internet. The property was developed in 2000.
COLLEYVILLE — Western Real Estate Equities has purchased a 56,434-square-foot retail building from a private buyer for an undisclosed price. Located at the intersection of Highway 26 and Glade Road in Colleyville, the property anchors Village at Colleyville and formerly housed an Albertsons grocery store. The Weitzman Group's Marc Marrocco and Guy Grivas represented the seller in the transaction. Huff Partners' Steve Harriman represented Western Real Estate Equities.
GARLAND — Epiphany Lighting Products has signed a 114,515-square-foot lease with First Industrial for warehouse space in Garland. The property is located at 3901 W. Miller Road. Realty Advisors' Charles Lester represented the tenant in the transaction. CB Richard Ellis' Dave Anderson represented the landlord.
HOUSTON — Cullen Allen Holdings has leased 27,468 square feet of office space to Regus Business Centre in Two Allen Center. The property, which is part of a three-building development built in 1978, is located at 1200 Smith St. in Houston. CB Richard Ellis' Steve Rigby, Baron Aldrine, Peter Danna, Mike Kay, and Mike Cleary represented the tenant in the lease.