OKLAHOMA CITY — Oklahoma City-based Sperry Van Ness – William T. Strange & Associates (SVN) has completed the sale of the AT&T Warehouse located in Oklahoma City for $3.7 million. Located at 607 N. Miller Blvd., the warehouse totals 125,000 square feet and has been occupied solely by AT&T for more than 12 years. Brett Price and Tim Strange of SVN negotiated the deal between the buyer, a California-based investment group, and the seller, locally based Bell Investments.
Texas
ARLINGTON, TEXAS — Henry S. Miller Brokerage (HSMB) has negotiated the sale of a 20,000-square-foot flex building located in Arlington. Situated at 610 Magic Mile, the Class B property contains 10,000 square feet of warehouse space and 10,000 square feet of office and production space. Jim Hazard and Brett Heinen of HSMB represented the seller, New York-based Blumberg Excelsior. The buyer was North Richland Hills, Texas-based Pharmacy Concepts. The purchase price was not released.
FRIENDSWOOD, TEXAS — Arbor Commercial Funding has secured a $1.95 million loan for Bridgestone Apartments, a 76-unit multifamily community located in Friendswood. The loan was originated under the Fannie Mae DUS Small Loan product line. It carries a 10-year term, a 30-year amortization schedule and a 6.42 percent interest rate. The originator was Matt Norman with Arbor’s Dallas office. The lender was not disclosed.
HOUSTON — NAI Houston has arranged two leases in Houston. In the first transaction, First Call Field Service signed a lease for a 20,000-square-foot industrial building located within Northwest Green Business Park at 5123 Hiltonview Rd. The tenant was represented by Travis Land of NAI Houston. John Ferruzzo, also of NAI, represented the landlord, Capital Commercial Investments. In the second transaction, Dynamic Offshore Resources subleased 49,314 square feet of office space at 1301 McKinney St. from StatoilHydro. Josh Cheatham and Dan Boyles of NAI Houston represented the subtenant. Joe Peddie and Kevin Snodgrass of Cushman & Wakefield represented the sublessor.
SAN ANTONIO — The grand opening has been held for the new Performing Arts Center at San Antonio’s Palo Alto College. The $20.4 million project consisted of a 46,243 square foot building that contains a 400-seat theater, a dance studio, a recording studio, a recital hall, a computer lab, drama and speech classrooms, and a scene shop. The project is part of a $450 million expansion of the campus that was approved in 2005.
HOUSTON — Houston-based Arch-Con Construction has broken ground for a new 96,360-square-foot warehouse located in Houston. Situated on West Sam Houston Parkway North, the concrete tiltwall building is being developed for G.E.T. It will consist of 84,460 square feet of warehouse space and 11,900 square feet of office space. Completion is scheduled for the first quarter of 2010.
FRISCO, TEXAS — Two new office leases and a renewal have been signed at Hall Office Park, Hall Financial’s 162-acre, master-planned office development located in Frisco. First, Lending Firm signed a new lease for 3,290 square feet at 6801 Gaylord Pkwy. Richard Rensi of CB Richard Ellis represented the tenant in lease negotiations. In addition, CNERGEN Health Staff, P.A. signed a lease for 1,028 square feet at 2601 Network Blvd. Finally, Carl Walker, Inc. renewed its lease for 3,674 square feet at 2801 Network Blvd. Mark Macy of Macy Newman Co. represented the tenant. Jean Farris of Hall Financial provided in-house representation on behalf of the landlord in all three transactions.
HOUSTON — Hendricks & Partners (H&P) has completed the sale of Greenbriar Park North, a 400-unit multifamily community located at 818 Richcrest Dr. in Houston. Chip Nash, Greg Austin and Wade Schmitz of H&P’s Houston office represented the seller, Bank of America, as successor of Wells Fargo. Tom Burns and Jay Gun of H&P’s Dallas office represented the buyer, locally based Aldine Greenbriar Apartments LLC. The acquisition price was not disclosed.
HOUSTON — CB Richard Ellis (CBRE) has arranged two industrial leases and one office lease in Houston. First, CBRE’s Glynn Mireles represented the landlord, Rental Inc., in the leasing of 15,000 square feet of warehouse space, located at 1060 Goodnight Trail, to Protect Controls Inc. Mireles also represented Envirotech Services in the leasing of 14,000 square feet of warehouse space, located at 421 Rankin Circle N, from landlord Rankin North Business Park. TNRG represented the landlord. Finally, Executive Business Services renewed its lease for 13,181 square feet of office space at 7500 San Felipe St. Kristen Rabel, Steve Rocher and Louann Pereira of CBRE represented the landlord, SanVoss Properties. Jason Whittington of NAI Houston represented the tenant.
HOUSTON — Tier One Warranty has leased 11,190 square feet of office space at Cornerstone Tower in Houston for its new headquarters. Jay Kyle of Colliers International represented Tier One in lease negotiations. Marci Phillips and Livy Romo of PM Realty Group represented the landlord, KBS Realty Advisors Houston Portfolio. Cornerstone Tower is a five-story, 71,008-square-foot office property located at 3707 FM 1960 West.