DALLAS — The Weitzman Group has brokered the sale of the Inwood Plaza office building, located in Dallas. Situated at 12240 Inwood Rd., the property totals five stories and 34,663 square feet. The building has been recently renovated. Bill Knoprick and Jonathan Diamond of Weitzman represented the seller, a limited partnership. The buyer was locally based Lutador LLC. Weitzman will continue to serve as leasing agent for the building.
PLANO, TEXAS — Cadence McShane Construction Co. has been selected for an 84,299-square-foot expansion and renovation project at Plano East Senior High School in Plano. The project includes the construction of a new two-story, 54,194-square-foot science wing that will feature 16 labs, one prep room, one chemical storage room and a modern lab safety system. In addition, Cadence McShane will be renovating 29,324 square feet, comprising the school's cafeteria, kitchen, culinary arts space and administrative areas. Completion is slated for August 2010. WRA Architects is providing design services. Plano East Senior High is situated at 3000 Los Rios Blvd. and currently totals 471,538 square feet.
OKLAHOMA CITY — Oklahoma City-based Sperry Van Ness – William T. Strange & Associates (SVN) has completed the sale of the AT&T Warehouse located in Oklahoma City for $3.7 million. Located at 607 N. Miller Blvd., the warehouse totals 125,000 square feet and has been occupied solely by AT&T for more than 12 years. Brett Price and Tim Strange of SVN negotiated the deal between the buyer, a California-based investment group, and the seller, locally based Bell Investments.
ARLINGTON, TEXAS — Henry S. Miller Brokerage (HSMB) has negotiated the sale of a 20,000-square-foot flex building located in Arlington. Situated at 610 Magic Mile, the Class B property contains 10,000 square feet of warehouse space and 10,000 square feet of office and production space. Jim Hazard and Brett Heinen of HSMB represented the seller, New York-based Blumberg Excelsior. The buyer was North Richland Hills, Texas-based Pharmacy Concepts. The purchase price was not released.
FRIENDSWOOD, TEXAS — Arbor Commercial Funding has secured a $1.95 million loan for Bridgestone Apartments, a 76-unit multifamily community located in Friendswood. The loan was originated under the Fannie Mae DUS Small Loan product line. It carries a 10-year term, a 30-year amortization schedule and a 6.42 percent interest rate. The originator was Matt Norman with Arbor’s Dallas office. The lender was not disclosed.
HOUSTON — NAI Houston has arranged two leases in Houston. In the first transaction, First Call Field Service signed a lease for a 20,000-square-foot industrial building located within Northwest Green Business Park at 5123 Hiltonview Rd. The tenant was represented by Travis Land of NAI Houston. John Ferruzzo, also of NAI, represented the landlord, Capital Commercial Investments. In the second transaction, Dynamic Offshore Resources subleased 49,314 square feet of office space at 1301 McKinney St. from StatoilHydro. Josh Cheatham and Dan Boyles of NAI Houston represented the subtenant. Joe Peddie and Kevin Snodgrass of Cushman & Wakefield represented the sublessor.
SAN ANTONIO — The grand opening has been held for the new Performing Arts Center at San Antonio’s Palo Alto College. The $20.4 million project consisted of a 46,243 square foot building that contains a 400-seat theater, a dance studio, a recording studio, a recital hall, a computer lab, drama and speech classrooms, and a scene shop. The project is part of a $450 million expansion of the campus that was approved in 2005.
HOUSTON — Houston-based Arch-Con Construction has broken ground for a new 96,360-square-foot warehouse located in Houston. Situated on West Sam Houston Parkway North, the concrete tiltwall building is being developed for G.E.T. It will consist of 84,460 square feet of warehouse space and 11,900 square feet of office space. Completion is scheduled for the first quarter of 2010.
FRISCO, TEXAS — Two new office leases and a renewal have been signed at Hall Office Park, Hall Financial’s 162-acre, master-planned office development located in Frisco. First, Lending Firm signed a new lease for 3,290 square feet at 6801 Gaylord Pkwy. Richard Rensi of CB Richard Ellis represented the tenant in lease negotiations. In addition, CNERGEN Health Staff, P.A. signed a lease for 1,028 square feet at 2601 Network Blvd. Finally, Carl Walker, Inc. renewed its lease for 3,674 square feet at 2801 Network Blvd. Mark Macy of Macy Newman Co. represented the tenant. Jean Farris of Hall Financial provided in-house representation on behalf of the landlord in all three transactions.
HOUSTON — Hendricks & Partners (H&P) has completed the sale of Greenbriar Park North, a 400-unit multifamily community located at 818 Richcrest Dr. in Houston. Chip Nash, Greg Austin and Wade Schmitz of H&P’s Houston office represented the seller, Bank of America, as successor of Wells Fargo. Tom Burns and Jay Gun of H&P’s Dallas office represented the buyer, locally based Aldine Greenbriar Apartments LLC. The acquisition price was not disclosed.
