HOUSTON — CB Richard Ellis (CBRE) has arranged two industrial leases and one office lease in Houston. First, CBRE’s Glynn Mireles represented the landlord, Rental Inc., in the leasing of 15,000 square feet of warehouse space, located at 1060 Goodnight Trail, to Protect Controls Inc. Mireles also represented Envirotech Services in the leasing of 14,000 square feet of warehouse space, located at 421 Rankin Circle N, from landlord Rankin North Business Park. TNRG represented the landlord. Finally, Executive Business Services renewed its lease for 13,181 square feet of office space at 7500 San Felipe St. Kristen Rabel, Steve Rocher and Louann Pereira of CBRE represented the landlord, SanVoss Properties. Jason Whittington of NAI Houston represented the tenant.
HOUSTON — Tier One Warranty has leased 11,190 square feet of office space at Cornerstone Tower in Houston for its new headquarters. Jay Kyle of Colliers International represented Tier One in lease negotiations. Marci Phillips and Livy Romo of PM Realty Group represented the landlord, KBS Realty Advisors Houston Portfolio. Cornerstone Tower is a five-story, 71,008-square-foot office property located at 3707 FM 1960 West.
HOUSTON — The Houston office of Duke Realty Corp. has leased 79,740 square feet of warehouse/distribution space in Houston to RAM Chemical & Supply. The space is located within Westland I, a 262,800-square-foot industrial facility situated within Duke’s Westland Business Park. This most recent lease brings the building to full occupancy. Jim Thompson of Grubb & Ellis represented RAM Chemical in lease negotiations; Cory Driskill provided in-house representation on behalf of Duke. Terms of the lease were not disclosed. Westland I, which is located at 8323 N. Eldridge Pkwy., features 28-foot clear ceiling heights and 84 dock doors.
ARLINGTON AND PLANO, TEXAS — Atlanta-based IDI has leased space at two of its Dallas-area industrial parks. In Arlington, Trane signed a lease for 26,676 square feet at Arlington Commerce Center Building A. The company plans to use the facility for its southwestern distribution operations and will take occupancy in September. In Plano, Enterprise Mobile signed a lease for 22,089 square feet within Plano Business Park Building E. The company is relocating its operations from Rockwall, Texas, and will take occupancy in October. Cushman & Wakefield’s Gary Collett, William Gannon and Bob Sheehy represented Trane in lease negotiations. John Leinbaugh of IDI represented Enterprise Mobile and provided in-house representation for IDI in both transactions.
COLLEYVILLE, TEXAS — Realty Capital Partners (RCP) has provided approximately $1.3 million in capital for a mixed-use, town center project located in Colleyville. The loan was provided by RCP Village First Lien Ltd., which was recently formed by RCP. The project, which is known as the Village at Colleyville, totals 24 acres and is anchored by Colleyville’s new City Hall and Library. The borrower is Village Management Ltd., an affiliate of RCP that develops commercial and residential projects across the Dallas-Fort Worth Metroplex.
HOUSTON — Houston-based Hartman Income REIT has purchased two office buildings located in Houston. They include Northchase Center, a 128,891-square-foot property located at 14550 Torrey Chase Blvd., and Cornerstone Plaza, a 71,008-square-foot property located at 3707 FM 1960 West. The two properties are situated within a mile of each other and have an average occupancy of 92.5 percent. Mark Lucescu of Newport Beach, Calif.-based Lucescu Realty represented the seller, KBS Realty Advisors. Dave Wheeler represented Hartman in-house. The acquisition price was not disclosed.
DALLAS — A joint venture between Passco Companies Development and Stoneleigh Capital Partners has completed Coit Medical Center, a Class A medical office building located in Dallas. The two-story facility totals 31,964 square feet and is situated within the city’s Medical Corridor. Passco expects that once the property is stabilized it will be sold as an investment property.
SAN ANTONIO — Marcus & Millichap has brokered the sale of Acadia Place Apartments, a 140-unit multifamily community located in San Antonio. The community was constructed in 1985 and is situated at 4550 Lavender Lane. Ryan Epstein and Moses Siller of Marcus & Millichap’s San Antonio office represented the seller and the buyer, both undisclosed limited liability companies. The acquisition price was also not disclosed.
AUSTIN, TEXAS — Austin WH Apartments has purchased the 288-unit Woodland Heights apartment complex from an undisclosed buyer for an undisclosed amount. Located at 8312 IH-35 North in Austin, the property was sold in lieu of foreclosure. Woodland Heights was renovated a few years ago, and the buyer is planning further updates to the exterior and interior. Houston Income Properties’ Bishale Patel and Forrest Bass represented the buyer; Ellen Muskin and George Deuillet of Hendricks & Partners’ Austin office represented the seller.
HOUSTON, TEXAS — VC Barcelona has received a $2.67 million loan to acquire the 127-unit Barcelona Apartments. The property is located at 6434 Ella Lee Lane in Houston. An undisclosed life insurance company financed the 5-year loan, which carries a fixed interest rate of 6.18 percent. Brandon Brown of The Woodlands, Texas-based LMI Capital secured the loan.