HOUSTON — The Houston office of Duke Realty Corp. has leased 79,740 square feet of warehouse/distribution space in Houston to RAM Chemical & Supply. The space is located within Westland I, a 262,800-square-foot industrial facility situated within Duke’s Westland Business Park. This most recent lease brings the building to full occupancy. Jim Thompson of Grubb & Ellis represented RAM Chemical in lease negotiations; Cory Driskill provided in-house representation on behalf of Duke. Terms of the lease were not disclosed. Westland I, which is located at 8323 N. Eldridge Pkwy., features 28-foot clear ceiling heights and 84 dock doors.
ARLINGTON AND PLANO, TEXAS — Atlanta-based IDI has leased space at two of its Dallas-area industrial parks. In Arlington, Trane signed a lease for 26,676 square feet at Arlington Commerce Center Building A. The company plans to use the facility for its southwestern distribution operations and will take occupancy in September. In Plano, Enterprise Mobile signed a lease for 22,089 square feet within Plano Business Park Building E. The company is relocating its operations from Rockwall, Texas, and will take occupancy in October. Cushman & Wakefield’s Gary Collett, William Gannon and Bob Sheehy represented Trane in lease negotiations. John Leinbaugh of IDI represented Enterprise Mobile and provided in-house representation for IDI in both transactions.
COLLEYVILLE, TEXAS — Realty Capital Partners (RCP) has provided approximately $1.3 million in capital for a mixed-use, town center project located in Colleyville. The loan was provided by RCP Village First Lien Ltd., which was recently formed by RCP. The project, which is known as the Village at Colleyville, totals 24 acres and is anchored by Colleyville’s new City Hall and Library. The borrower is Village Management Ltd., an affiliate of RCP that develops commercial and residential projects across the Dallas-Fort Worth Metroplex.
HOUSTON — Houston-based Hartman Income REIT has purchased two office buildings located in Houston. They include Northchase Center, a 128,891-square-foot property located at 14550 Torrey Chase Blvd., and Cornerstone Plaza, a 71,008-square-foot property located at 3707 FM 1960 West. The two properties are situated within a mile of each other and have an average occupancy of 92.5 percent. Mark Lucescu of Newport Beach, Calif.-based Lucescu Realty represented the seller, KBS Realty Advisors. Dave Wheeler represented Hartman in-house. The acquisition price was not disclosed.
DALLAS — A joint venture between Passco Companies Development and Stoneleigh Capital Partners has completed Coit Medical Center, a Class A medical office building located in Dallas. The two-story facility totals 31,964 square feet and is situated within the city’s Medical Corridor. Passco expects that once the property is stabilized it will be sold as an investment property.
SAN ANTONIO — Marcus & Millichap has brokered the sale of Acadia Place Apartments, a 140-unit multifamily community located in San Antonio. The community was constructed in 1985 and is situated at 4550 Lavender Lane. Ryan Epstein and Moses Siller of Marcus & Millichap’s San Antonio office represented the seller and the buyer, both undisclosed limited liability companies. The acquisition price was also not disclosed.
AUSTIN, TEXAS — Austin WH Apartments has purchased the 288-unit Woodland Heights apartment complex from an undisclosed buyer for an undisclosed amount. Located at 8312 IH-35 North in Austin, the property was sold in lieu of foreclosure. Woodland Heights was renovated a few years ago, and the buyer is planning further updates to the exterior and interior. Houston Income Properties’ Bishale Patel and Forrest Bass represented the buyer; Ellen Muskin and George Deuillet of Hendricks & Partners’ Austin office represented the seller.
HOUSTON, TEXAS — VC Barcelona has received a $2.67 million loan to acquire the 127-unit Barcelona Apartments. The property is located at 6434 Ella Lee Lane in Houston. An undisclosed life insurance company financed the 5-year loan, which carries a fixed interest rate of 6.18 percent. Brandon Brown of The Woodlands, Texas-based LMI Capital secured the loan.
NORTH RICHLAND HILLS, TEXAS — Austin, Texas-based Phase I Builders has completed the initial phase of NAI Huff Partners and Lancewood Corp.’s renovation of the 144,216-square-foot The Shoppes at Crown Point. The first phase consists of a 33,496-square-foot building and a 13,400-square-foot building; tenants include Frijoles Mexican Restaurant, Hunan Wok Chinese Restaurant and Rufe Snow Travel. The property, located at the intersection of Loop 820 and Rufe Snow Drive in North Richland Hills, was formerly known as Crossroads Village Shopping Center. Dallas-based TGS Architects designed the space. Officials will break ground on the second phase on September 1.
BRYAN, TEXAS — The 100-unit Best Western Atrea at Old Town Center has opened at 1920 Austin’s Colony Pkwy. in Bryan. Each unit includes a flatscreen television and high-speed Internet. Property amenities include a pool, a hot tub, more than 4,000 square feet of conference space and a fitness center.