ARLINGTON, TEXAS — Madera Equity has purchased the 300-unit Chatham Creek apartment complex from a Dallas-based non-profit organization for an undisclosed amount. The Class B property is located at 2505 Thomason Circle in Arlington. Will Tolliver of Marcus & Millichap's Dallas office represented the buyer. The firm's Nick Fluellen represented the seller.
HARLINGEN, TEXAS — Terry Ray Construction has broken ground on a $5 million expansion to Tyco Flow Control's Harlingen facility, which will add 33,000 square feet to the 80,000-square-foot property. The property is located in the Harlingen Industrial Park on Industrial Way. Tyco has been working since January 2009 to consolidate two existing plants into the facility, which will house 65 new jobs on top of its existing workforce of 120. The Harlingen Economic Development Corp. worked to secure the expansion.
NEW BRAUNFELS, TEXAS — Marcus & Millichap has brokered the sale of the 100-unit River Park apartment complex between two undisclosed limited liability companies. The property is located on 4.62 acres at 241 Seville Drive in New Braunfels. River Park, which was built in 1972, features a swimming pool. Ryan Epstein and Todd Sherrer of Marcus & Millichap's Austin, Texas, office brokered the sale.
HOUSTON — CHB America has purchased a 3-acre tract from SCO Oil for the new 20,000-square-foot U.S. headquarters of Chipolbrok, a shipping company. The land is located in the Interwood business park on Heathrow Forest Parkway in Houston. Southwest Realty Advisors' Marc Drumwright and Nick Miller represented SCO Oil.
FRISCO, TEXAS — Teachers Insurance and Annuity Association of America has leased 32,746 square feet to buybuyBaby in South Frisco Village. The property is located at 2300 Preston Road in Frisco. Steve Lieberman and David Fazio of The Retail Connection represented buybuyBaby. CB Richard Ellis' Jeff Kittleson represented the landlord.
HOUSTON — Regency Centers has sold the 103,000-square-foot Memorial Collection Shopping Center to Westwood Financial Corp. for an undisclosed amount. The 11-acre property is located at the intersection of Memorial Drive and Dairy Ashford Street in Houston. The center is 96 percent leased by tenants including Randalls and Walgreens. Grubb & Ellis represented Regency Centers in the deal. Westwood Financial Corp. represented itself.
HOUSTON — Asset Plus Cos. and the Fred and Mabel Parks Youth Ranch, a not-for-profit 501(c)3, has broken ground on the Youth Ranch Teenage Homeless Shelter in Houston. The property will deliver in September. The facility will offer shelter to children ages 12 to 17 who are looking for a temporary home. Funding for the project is being provided by a number of grants and private sources.
SAN ANTONIO — Kohl's Department Stores has signed a 102,000-square-foot lease with Myers & Crow for the Westover Office Center I in San Antonio. The two-story property is located at 10000 Rogers Road. Kohl's expects to employ more than 1,000 workers at the property within 3 years. Stephen C. Hall of Dallas-based GVA Cawley brokered the deal.
ARLINGTON, TEXAS — Bianco Properties has purchased the 75,000-square-foot Village by the Parks II shopping center from The Uhlmann Offices of Sherman Oaks, Calif. The Arlington property is located across the street from Village by the Parks I, which Bianco purchased in 2007. Both centers sit near the front entrance to the 1.5-million-square-foot The Parks at Arlington mall. Venture Commercial's Amy Pjetrovic and John Zikos assisted in the transaction. The buyer financed the purchase by assuming a CMBS mortgage.
PORT ARTHUR, TEXAS — A private Texas-based partnership has sold a 72-room Hampton Inn & Suites to a Maryland-based buyer for an undisclosed amount. The property, which was built in 2007 on 1.61 acres of land, is located at 7660 Memorial Blvd. in Port Arthur. Michael Yu and Rahul Bijlani of Marcus & Millichap's Houston office brokered the sale.