DALLAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged a $65 million loan for the refinancing of 1700 Pacific, a 49-story, Class A office tower located in Dallas. 1700 Pacific contains 1.34 million square feet of space and is occupied by tenants that include Akin Gump Strauss Hauer and Pension Worldwide. Retail tenants at the tower include Starbucks Coffee, Camille's, Subway, Café Solace and Elevation Fitness Club. HFF's Steve Heldenfels and Whitaker Johnson secured the loan on behalf of Berkeley Investments. The loan carries a 5-year term, a fixed interest rate and was provided by ING Investment Management.
Texas
KATY, TEXAS — Marcus & Millichap has brokered the sale of Times Square Plaza, a 12,576-square-foot retail center located in Katy. Located at 400 W. Grand Parkway South, the center is fully occupied by four tenants, including Charming Charlie's. The property was built in 2006. Todd Carlson of Marcus & Millichap's Houston office represented the seller, a Houston-based partnership. The buyer was undisclosed. The acquisition price was not released, but the property listed for $3.5 million.
NORTH RICHLAND HILLS, TEXAS — Stream Realty Partners has arranged the sale of 8605 MidCities Blvd. a 3,784-square-foot commercial property located in North Richland Hills. Russell Webb of Stream Realty represented the seller, Crest Haven Properties. The buyer was Reddoch Agency. The acquisition price was not disclosed.
HOUSTON — Holliday Fenoglio Fowler (HFF) has brokered the sale of Timberway II, a three-story, 130,822-square-foot office building located in Houston's Energy Corridor submarket. The building is situated on approximately 4.5 acres at 15995 N. Barkers Landing. Dan Miller, Martin Hogan and Trent Agnew of HFF represented the seller, PS Business Parks, Inc. The buyer's name was not disclosed.
HOUSTON — Marcus & Millichap has brokered the sale of Villa Nueva Apartments, a 98-unit multifamily community located in Houston. The property is situated on 2.4 acres at 827 Oak St. It was constructed in 1969. Brian Janak of Marcus & Millichap's Houston office represented the seller, a limited liability company. The buyer was not disclosed. The acquisition price was also not released, but the property listed for $1.57 million.
ARLINGTON, TEXAS — The Longview, Texas, office of Deason Financial Group has arranged $3.8 million in acquisition financing for a 176-unit apartment community located in Arlington. The property was built in 1974 and recently renovated. Occupancy was 92 percent at the time of closing. Dana Deason of Deason Financial secured the loan on behalf of a Boston-based investor group. The loan carries a 10-year term, a 30-year amortization schedule, a low-6 percent interest rate and an 80 percent loan-to-value ratio. The lender was Greystone Servicing Corp., which utilized the Fannie Mae DUS program.
SAN ANTONIO — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged the sale of Woodlake Crossing, a 160,000-square-foot shopping center located in San Antonio. The center, which was built in 2009, is situated at the corner of FM 78 and Woodlake Parkway. It is 81 percent occupied by a tenant roster that includes Best Buy, Ross Dress For Less, Office Max and Petco. It is shadow-anchored by a Target. Doug Hazelbaker and Ryan Shore of HFF's Dallas office represented the seller, David Berndt Interest. The buyer was Inland American, an affiliate of The Inland Real Estate Group of Companies.
WARR ACRES, OKLA. — Hunington Properties has brokered the sale of a Walgreens pharmacy located at the corner of North MacArthur Road and Northwest 63rd Street in Warr Acres. Philip Mullett and Sandy Aron of Hunington represented the seller, an Illinois family trust. The buyer and the acquisition price were undisclosed.
VIDOR, TEXAS — Marcus & Millichap has completed the sale of an 11,200-square-foot CVS/pharmacy located in Vidor for $2.2 million. The property is situated on 1.3 acres at 1295 N. Main St. It was constructed in 1999. CVS currently occupies it under a 20-year, triple-net lease with four 5-year options. Alvin Mansour of Marcus & Millichap's San Diego office partnered with the firm's Dallas office to represented the seller, an undisclosed seller. Mohamed Derbala of Marcus & Millichap's Tampa, Fla., office represented the buyer, a limited liability company. Tim Speck of Marcus & Millichap assisted in the transaction.
AUSTIN, TEXAS — Hendricks & Partners has brokered the sale of Southwood, a 44-unit apartment community located in Austin. The property contains 23,775 rentable square feet situated on 1.03 acres at 1901 Fortview Road. Ellen Muskin and George Deuillet III of Hendricks & Partners' Austin office represented the seller, San Marcos, Texas-based Jermyles Properties. Dave Bair of Prudential Texas Realty represented the buyer, locally based Fortwood Apartments LLC. The acquisition price was not disclosed.