IRVING, TEXAS — The Minimally Invasive Spine Institute (MISI) has opened a 7,000-square-foot facility located on MacArthur Boulevard in Irving's Las Colinas neighborhood. The facility is the first of two facilities MISI plans to open in the Dallas area. The second facility will open on North Central Expressway in Dallas this fall. Dallas-based Clarity Development assisted MISI with the development of the facility. Holtman Design provided interior design services and Highland Builders was the general contractor.
DALLAS — Arbor Commercial Funding has arranged $6.84 million in Fannie Mae DUS funding for Carlisle on the Creek, a 176-unit multifamily community located in Dallas. The loan carries a 7-year term with a 30-year amortization schedule and a 5.55 percent interest rate. Anthony Tarter of Arbor's Dallas office originated the financing, which includes reserves for capital improvements to the property. The borrower's name was undisclosed.
CARROLLTON, TEXAS — Dallas-based Harkinson Investment Corp. has acquired a 60,530-square-foot office/flex property located in Carrollton. Constructed in 1999, the building is located at 2532-2542 Highlander Way. It is fully leased to Pivot Building Systems, Abstract Construction and Fast Signs Holding Corp. — the last of which uses the space as its national headquarters. Ron Hebert of the Dallas office of Marcus & Millichap represented Harkinson, which purchased the property through a limited partnership. Michael Lawrence of Marcus & Millichap's Newport Beach, Calif., office and Scott Ryan of the firm's Dallas office represented the seller, FR/CAL Highlander LLC, which is an entity sponsored by First Industrial Realty Trust. Acquisition financing was arranged by the Dallas office of NorthMarq Capital through Aviva Investors of North America.
SAN ANTONIO — CB Richard Ellis (CBRE) has brokered the sale of a 101-unit apartment community located at 2819 SE Military Dr. in San Antonio. Nita Stewart of CBRE represented the seller, ORIX Capital Management. The buyer was Aristocrat Developments. The acquisition price was not disclosed.
MESQUITE, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged $6.5 million in financing for the Town East Tower office building located in Mesquite. The loan includes a 6.25 percent interest rate and a 25-year amortization schedule. MCA's Todd McNeill secured the loan on behalf of a single-asset entity controlled by International Town East Tower LP. The lender was a regional bank.
HOUSTON — Yancey-Hausman Interests has disposed of Fallbrook Business Center, a speculative warehouse facility located at 8726 Fallbrook Drive in Houston. The 40,450-square-foot property features 26-foot clear ceiling heights, two truck courts and six 14-foot tall overhead doors. The buyer, Master Flo, plans to use the building for its valve repair and maintenance operations. Yancey-Hausman Vice President Forbes Henderson represented the seller, YH Development LP, which is an investment group set up by Yancey-Hausman. Stephen George Inc. represented the buyer. The acquisition price was not disclosed.
HOUSTON — CB Richard Ellis (CBRE) has brokered the sale of a Bank of America retail branch located within Houston's Greenway Commons Shopping Center. The property totals 4,297 square feet. Ryan West of CBRE represented the seller, PMC Houston Retail Operating LLC. The buyer was undisclosed.
FORT WORTH AND HURST, TEXAS — Fort Worth-based NAI Huff Partners has arranged two land sales. In the first deal, the Crowley Independent School District purchased 22.5 acres located on Summer Creek Drive in Fort Worth for the construction of a future school. Lester Day of NAI Huff represented the seller, Comerica Bank. In the second transaction, Quick Trip Corp. acquired a 30,000-square-foot parcel located at the corner of Precint Linne and Airport Freeway in Hurst for the expansion of an existing Quick Trip gas station. NAI Huff represented the seller, Morash Family LP, and Gridiron Capital represented the buyer.
KILLEEN, TEXAS — SRS Real Estate Partners has arranged the sale of The Shops at Killeen Mall, a 9,070-square-foot retail property located at 2401 E. Central Texas Expressway in Killeen. The center is fully occupied by a tenant roster that includes Verizon Wireless, FedEx Office and USAA. Jason Middlebrook of the Austin office of SRS represented the undisclosed seller. The buyer was a private trust, and the acquisition price was not disclosed.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of a 37,767-square-foot ground lease in Austin for $3.26 million. The site, located at 7820 Burnet Road, is occupied by Comerica Bank. Mark Ruble and Jamie Medress of Marcus & Millichap's Phoenix office represented the buyer, Roddimeyer III LLC. Timothy Speck of Marcus & Millichap's Dallas office assisted in the transaction. The seller's name was not disclosed.