DALLAS — Henry S. Miller Brokerage has completed a lease for the relocation and expansion of USA Pallet & Logistics’ headquarters. Currently located in South Dallas on Bronze Way, USA Pallet & Logistics will relocate to 2829 Sea Harbor in a 233,529-square-foot, single-tenant building. Situated on 9.06 acres, the new building includes 5,000 square feet of office space and tilt-wall construction. USA Pallet & Logistics was represented by Pete Richardson and Drew Richardson of Henry S. Miller Brokerage in lease negotiations. The landlord, TA Reality Associates Fund, was represented by Jim Brice of Holt Lunsford Commercial.
LUBBOCK, TEXAS — Alliant Capital has provided a $3.04 million loan for the refinancing of a Lubbock apartment community. Raider Station is a 103-unit, garden-style property that comprises nine, two-story buildings. The loan carries a 5.67 percent interest rate, a 10-year term with a 30-year amortization schedule, and 9.5 years yield maintenance. The borrower was not disclosed
HOUSTON — BMC Capital has originated a $4.35 million loan for the refinancing of Spring Branch Apartments, a 140-unit multifamily community located in Houston. The loan carries a 10-year term with a 27-year amortization schedule and a fixed interest rate. The borrower and lender were not disclosed. In addition, BMC originated a $510,000 construction-to-permanent loan for the acquisition and renovation of a restaurant property located in Euless, Texas. The building will be converted to a Golden Chick Restaurant. The loan features a 5-year term with a 25-year amortization schedule, a fixed interest rate and a 75 percent loan-to-value ratio.
HOUSTON — Sacramento, Calif.-based Panattoni Development Co. is developing a 94,000-square-foot, build-to-suit data center on behalf of CyrusOne. The facility is situated within Beltway 8 Corporate Centre, which is located along the North West Beltway in West Houston. The data center will feature redundant utility power feeds and access to one of Houston’s major telecommunications fiber corridors. Completion is slated for November. John Pruitt, Jessica Ochoa and Kristen Rabel of CB Richard Ellis, along with Justin Bennett of Panattoni, represented Panattoni in lease negotiations for the facility. CyrusOne was represented by Brant Bernet and Peter Tippen of Rackhouse, as well as Anthony Fritsche of Fritsche Anderson. Metzer Construction is serving as general contractor for the project. Acquisition financing is being provided by Sovereign Bank.
FORT WORTH, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged the sale and subsequent lease of a 14,000-square-foot industrial building located in Fort Worth. The facility is situated on 5 acres at 13201 Harmon Rd. It features 4,000 square feet of finished office space, 1,500 square feet of auxiliary space, grade-level loading and a 3.5-acre storage yard behind the building. The property was purchased by a local investment group. It will be occupied by Newport News, Va.-based Ferguson Enterprises, which will operate the location as the regional headquarters for its waterworks division. Terms of the lease included substantial TI allowances for property improvements, specifically to the storage yard behind the building. The seller is Best Texas Plumbing. HSMB’s Jim Hazard, Brett Heinan and Todd Hawpe were the sole brokers in the transaction.
ARLINGTON, TEXAS — Construction is advancing for the new Science & Academic Building at Tarrant County College’s Southeast Campus, located in Arlington. The three-story building totals 120,000 square feet. Once complete in late 2010, it will house the school’s Life Science and Computer Science programs. It will feature a 150- to 200-student lecture hall, general purpose classrooms, teaching science laboratories, a common prep area, student gathering areas and a three-story atrium. The project is also applying for LEED-Gold certification and is part of the college’s master plan for a new science and technology corridor on the campus. The project architect is Plano, Texas-based SHW Group and the general contractor is the Dallas office of Turner Construction Co.
AUSTIN, TEXAS — RMC MedStone, an affiliate of Dallas-based RM Crowe, has acquired a controlling interest in Stonegate Surgery Center, a single-story ambulatory surgery center located in Austin. The facility totals 9,100 square feet and is located at 2501 W. William Cannon Dr. It currently features three operating rooms, one procedure room, three pre-operative suites and seven recovery suites. However, an expansion is under way that will add two operating rooms, four recovery suites, six pre-operative suites and four IV prep pre-operative suites. Additional construction will convert three of the existing per-operative suites to recovery suites as well as expand the office space. Terms of the transaction were not released.
HOUSTON — CB Richard Ellis (CBRE) has brokered a lease for 32,000 square feet of warehouse/distribution space at West By Northwest Industrial Park, located at 10425 Okanella St. in Houston. The space will be occupied by logistics company Gateway Distribution of Texas. Representing the tenant in lease negotiations was John Simons of CBRE. Holden Rushing represented the landlord, ProLogis Texas II LLC. Terms of the lease were not disclosed.
PLANO, TEXAS — Plano Independent School District has awarded Cadence McShane Construction Co. a 75,715-square-foot addition and renovation assignment at Vines High School in Plano. The project includes 50,000 square feet of state-of-the-art updates to the school as well as a 25,715-square-foot, two-story addition for the school’s new science wing. Construction will begin in late July with completion scheduled for November 2010. Corgan Associates, Inc., is providing architectural services. Vines High School is located on a 17-acre site at 15th Street and Highedge Drive.
HOUSTON, TEXAS — Steve Rocher and Dave Hanusa of CB Richard Ellis (CBRE) recently represented the landlord — Riverway Holdings, LP, South Post Oak Holdings and Overland Riverway, LP — in an office lease renewal at One Riverway. Nexus Health Systems renewed its lease of 12,051 square feet at the Class A office building in Houston’s Uptown/Galleria area. Mitch Pearl of UGL Equis represented the tenant in the transaction. Unilev Management Corp. operates One and Three Riverway.