Texas

MARK ONE CAPITAL ARRANGES $3.22 MILLION RETAIL ACQUISITION LOAN

by admin May 1, 2009

BEAUMONT, TEXAS — Mark One Capital has arranged $3.22 million in acquisition financing for Beaumont Fountain Plaza, a 23,524-square-foot, multi-tenant retail center located at 3050 N. Dowlen Rd. in Beaumont. Financing was provided by a commercial bank. Terms of the loan include a 6.04 percent fixed interest rate for the first 5 years, then an adjustable rate. The loan carries a 25-year term with a 25-year amortization schedule, and the loan-to-value ratio was 65 percent. Geoffrey Harris with Mark One’s Phoenix office and Farhan Kabani with the firm’s Dallas office arranged the loan on behalf of the undisclosed borrower.

May 1, 2009

THE VILLAS AT SAN GABRIEL REFINANCED

by admin May 1, 2009

AUSTIN, TEXAS — The Houston office of Holliday Fenoglio Fowler has secured a $3.5 million loan for the refinancing of The Villas at San Gabriel, a 26-unit multifamily community located in Austin. Situated at 2410 San Gabriel St., The Villas at San Gabriel is fully leased by a tenant base primarily consisting of students from the nearby University of Texas. Susan Hill arranged the loan, which carries a fixed interest rate and a 10-year term, on behalf of 2410 San Gabriel LP. The lender was American National Insurance Co.

May 1, 2009

Industrial Texas

GUHN ROAD DISTRIBUTION CENTER COMPLETE

by admin April 30, 2009

HOUSTON — A joint venture between McShane Development Co. and MetLife Real Estate Investments has completed Guhn Road Distribution Center, a 253,838-square-foot industrial facility located in Houston. The property is situated on 14 acres at the intersection of Guhn and Northcourt roads. It features 30-foot clear ceiling heights, 68-foot staging bays, 53-foot by 50-foot bays, 52 external truck docks, four drive-in doors and can accommodate multiple users from 40,000 square feet. The Houston office of Cadence McShane Construction provided design-build construction services for the project. Munson Kennedy provided architectural services. Locally based Stream Realty Partners will be leasing the property.

April 30, 2009

Retail Texas

STAN JOHNSON CO. BROKERS CVS SALE

by admin April 30, 2009

FORNEY, TEXAS — Stan Johnson Co. (SJC) has brokered the sale of a 12,900-square-foot CVS/pharmacy, located at 775 E. U.S. Highway 80 in Forney. The pharmacy is currently subject to a 25-year, absolute net lease. It is situated on a 14-acre property that will soon be home to Forney Regional Medical Center. SJC’s David Clary represented the seller, a Chicago-based institutional client. The buyer was a private investor completing a 1031 exchange. The acquisition price was not disclosed, but the property listed for $5.43 million.

April 30, 2009

Industrial Texas

HSMB COMPLETES 186,344-SQUARE-FOOT INDUSTRIAL LEASE

by admin April 30, 2009

ARLINGTON, TEXAS — Dallas-based Henry S. Miller Brokerage (HSMB) has completed a lease for 186,344 square feet, located at 2400 Centennial Dr. in Arlington. The space will be occupied by Flex-N-Gate Texas, which will use it as manufacturing space. The company had previously been subleasing the space since 2005. HSMB’s Pete Richardson and Drew Richardson represented the tenant in lease negotiations.

April 30, 2009

Industrial Texas

EAGLE HANGERS OPENS 90,000-SQUARE-FOOT HQ

by admin April 29, 2009

PEARLAND, TEXAS — Eagle Hangers has opened a 90,000-square-foot warehouse facility, located at 8101 Fite Rd. in Pearland. Eagle is one of the nation’s largest manufacturers of steel wire garment hangers. The new facility will serve as the company’s headquarters.

April 29, 2009

Civic Texas

PARK OPENS AT THE WOODLANDS WATERWAY

by admin April 29, 2009

THE WOODLANDS, TEXAS — The Woodlands Development Company has held the grand opening for Riva Row Park & Boat House, a 1.6-acre public park located along The Woodlands Waterway in The Woodlands. The park is located at the junction of the upper and lower levels of The Woodlands Waterway. The park features the Riva Row Boat House, which rents kayaks for use on the waterway. The project was conceived by Sasaki & Associates. Contractors for the project include Millis Development & Construction and Jones & Carter.

April 29, 2009

Office Texas

TWO LEASES SIGNED AT HALL OFFICE PARK

by admin April 29, 2009

FRISCO, TEXAS — Hall Financial Group has negotiated two leases at Hall Office Park, the company’s 162-acre, master-planned office park located in Frisco. First, TITAN Engineering has signed a new lease for 10,175 square feet at 2801 Network Blvd. The company will be relocating its corporate headquarters here from Carrollton, Texas. The lease carries a 5-year term. Hall’s Jean Farris and Tammy Lomonaco negotiated the lease. In addition, the Frisco Family YMCA has renewed its lease for 8,768 square feet at 2401 Internet Blvd. The transaction was negotiated by Farris.

April 29, 2009

Retail Texas

SPEED FAB-CRETE COMPLETES NEW SIX & MANGO CO. LOCATION

by admin April 28, 2009

GRAND PRAIRIE, TEXAS — Fort Worth, Texas-based Speed Fab-Crete has completed construction of a 17,000-square-foot retail outlet for SIX & Mango Co., a construction equipment sales and rental company. The new building is located at 4011 W. Interstate 30 in Grand Prairie; it replaces the retailer’s west Dallas location. The facility includes showroom space, a product display area, a parts department, sales and administrative offices, service work bays and a mezzanine for storage. The project was designed by Fort Worth-based Callahan & Freeman Architects.

April 28, 2009

Restaurant Texas

STAN JOHNSON CO. COMPLETES $1.9 MILLION SALE OF GROUND LEASE

by admin April 28, 2009

SPRING, TEXAS — The Houston office of Stan Johnson Co. (SJC) has completed the sale of an approximately 1.9-acre ground lease, located at the northwest corner of Interstate 45 and Louetta Road in Spring, for $1.61 million. The property currently contains an 8,000-square-foot Cheddar’s Casual Café restaurant. SJC’s Daniel Herrold and Hunter Haggard represented the seller, Houston-based Louetta Towne Center Ltd. Jay Levelll of Charlotte, N.C.-based Berkeley Capital Advisors represented the buyer, a New York-based individual investor participating in a 1031 exchange.

April 28, 2009

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