Houston — Weingarten Realty has sold approximately 9.27 acres of the company’s ClayPoint Distribution Park to YHR Partners. YHR Partners purchased the parcel, which includes 200,850 square feet of recently developed improvements, on behalf of Spec’s Wines, Spirits & Finer Foods. ClayPoint Distribution Park is located northwest of downtown Houston on the corner of Clay Road and Hempstead Highway, and it includes 360,000 square feet of newly constructed warehouse space in addition to a 330,891-square-foot distribution facility that previously existed on the site. Mary Jo Giammalva of Weingarten Realty provided in-house representation for Weingarten in the transaction; Saverio Giammalva of Saverio Giammalva Properties represented Spec’s.
SAN ANTONIO — The University of Texas System has selected Dallas-based HKS and San Antonio-based Overland Park Partners to design Phase I of the new Competitive Athletics Complex at the University of Texas – San Antonio (UTSA). The $22 million phase will include a 1,000-seat soccer stadium, a 5,000-seat track and field stadium, and the initial infrastructure needed for the complex. The entire project is expected to cost $84 million and will be located on 60 acres at Kyle Seale Parkway and North Loop 1604 on UTSA's Main Campus. The university expects the complex to be open by 2012.
PLANO, TEXAS — Henry S. Miller Brokerage (HSMB) has completed the sale of two Plano industrial buildings. The properties are located at 2710 and 2712 Rigsbee Dr. and total 22,000 square feet. Mark Hull and Mike Herzstein of HSMB represented the seller, Burns & Parks Painting. Randy Baird of Baird Fitzgerald represented the buyer, Wendell P. and Carol N. Keith Family Trust. The acquisition price was not disclosed.
CARROLLTON, TEXAS — Lee & Associates has brokered the sale of a 17,800-square-foot industrial property located in Carrollton. The building, which contains warehouse and showroom space, is located at 2561 Tarpley Rd. Nathan Denton and Hanes Chatham of Lee's Dallas-Fort Worth office represented the seller, International Motor Products. The buyer was Tarpley National LP.
SUGAR LAND AND DALLAS, TEXAS — BMC Capital has arranged a total of $2.38 million for two Texas properties. In the first transaction, BMC originated a $1.84 million loan for the refinancing of Primrose Sugarland, an owner-occupied building located at 6550 Greatwood Pkwy. in Sugar Land. Greg Kunard of BMC's Houston office arranged the loan, which carried an 80 percent loan-to-value ratio. In the second transaction, BMC originated a $540,000 loan for the acquisition of a Jack in the Box restaurant located at 9661 Skillman St. in Dallas. Terms of the loan, as well as the parties involved, were not disclosed.
WILMER, TEXAS — US Industrial REIT II, an affiliate of USAA Real Estate Co., has completed a lease for 286,000 square feet at I-45 Tradeport I, a distribution facility the company owns in Wilbur. The 520,000-square-foot building is situated at 101 Sunridge Blvd.; in features cross docking, 47 dock doors, 44 trailer positions with room for expansion and 140 truck courts. Gary Collett, Dan Cook, Mark Becker and Ashley Pope of Cushman & Wakefield represented USAA in lease negotiations. The tenant and the terms of the lease were not disclosed.
BULVERDE, TEXAS — Construction has begun for Berry Oaks Shopping Center, a new retail project located in Bulverde. The 19,349-square-foot neighborhood retail center will be situated at the intersection of Highway 46 and Berry Oaks Drive. Tenants already secured include Smoky Mo's Bar-B-Q, Quality Dollar, Texas Paddlesports and Pinky's Nail Salon. Letters of intent have also been secured for three additional tenants. Completion is slated for November. Brandt and Clayton Klutts are developing Berry Oaks. Gene Williams and Marcus Shaffer of The Weitzman Group are handling leasing.
AUSTIN, TEXAS — The Houston office of Holliday Fenoglio Fowler (HFF) has arranged $32.2 million in financing for AMLI on 2nd, a multifamily tower located in Austin. Situated at 421 W. Third St., the Class A tower totals 19 stories; it contains 231 one- and two-bedroom units as well as approximately 41,000 square feet of ground-floor retail space. Amenities include a fitness center, a sky deck with a pool and barbecue grills, a business center, a resident lounge and garage parking. HFF's Scott Galloway and Matt Kafka arranged the loan on behalf of AMLI Residential Properties. Terms of the financing include an adjustable interest rate and a 7-year term. The lender was Freddie Mac.
LEWISVILLE, TEXAS — PCCP LLC has acquired 121 Lakepointe Crossing, a three-building, 1.2 million-square-foot industrial property located in Lewisville, for $29.9 million. PCCP acquired the Class A asset from Opus West through the U.S. Bankruptcy Court. The property is currently 65 percent leased to four tenants. The acquisition was made on behalf of California Smart Growth Fund IV, PCCP's $746 million investment fund.
HOUSTON — King & Spalding has renewed its lease for 116,732 square feet of space at 1100 Louisiana, a 55-story office building in downtown Houston. Hines is the landlord of the 98 percent-leased property. Tim Relyea of Cushman & Wakefield of Texas represented the law firm, which has been a tenant in the building since 1995. Additionally, oil and gas energy company Vitol Inc. has renewed and expanded its lease at the building. The company, which has been a tenant since 1997, now will occupy 43,000 square feet. Trey Strake and Chris Oliver of Cushman & Wakefield of Texas, Inc. represented Vitol in lease negotiations. Chrissy Wilson, Paula Bruns and Mark Janssen of Hines represented the landlord in both transactions.