Texas

RM CROWE AFFILIATE ACQUIRES STAKE IN STONEGATE SURGERY CENTER

by admin July 28, 2009

AUSTIN, TEXAS — RMC MedStone, an affiliate of Dallas-based RM Crowe, has acquired a controlling interest in Stonegate Surgery Center, a single-story ambulatory surgery center located in Austin. The facility totals 9,100 square feet and is located at 2501 W. William Cannon Dr. It currently features three operating rooms, one procedure room, three pre-operative suites and seven recovery suites. However, an expansion is under way that will add two operating rooms, four recovery suites, six pre-operative suites and four IV prep pre-operative suites. Additional construction will convert three of the existing per-operative suites to recovery suites as well as expand the office space. Terms of the transaction were not released.

July 28, 2009

CBRE BROKERS 32,000-SQUARE-FOOT INDUSTRIAL LEASE

by admin July 28, 2009

HOUSTON — CB Richard Ellis (CBRE) has brokered a lease for 32,000 square feet of warehouse/distribution space at West By Northwest Industrial Park, located at 10425 Okanella St. in Houston. The space will be occupied by logistics company Gateway Distribution of Texas. Representing the tenant in lease negotiations was John Simons of CBRE. Holden Rushing represented the landlord, ProLogis Texas II LLC. Terms of the lease were not disclosed.

July 28, 2009

Civic Texas

CADENCE MCSHANE AWARDED CONSTRUCTION ASSIGNMENT FOR HIGH SCHOOL

by admin July 27, 2009

PLANO, TEXAS — Plano Independent School District has awarded Cadence McShane Construction Co. a 75,715-square-foot addition and renovation assignment at Vines High School in Plano. The project includes 50,000 square feet of state-of-the-art updates to the school as well as a 25,715-square-foot, two-story addition for the school’s new science wing. Construction will begin in late July with completion scheduled for November 2010. Corgan Associates, Inc., is providing architectural services. Vines High School is located on a 17-acre site at 15th Street and Highedge Drive.

July 27, 2009

Office Texas

CBRE NEGOTIATES OFFICE LEASE RENEWAL

by admin July 27, 2009

HOUSTON, TEXAS — Steve Rocher and Dave Hanusa of CB Richard Ellis (CBRE) recently represented the landlord — Riverway Holdings, LP, South Post Oak Holdings and Overland Riverway, LP — in an office lease renewal at One Riverway. Nexus Health Systems renewed its lease of 12,051 square feet at the Class A office building in Houston’s Uptown/Galleria area. Mitch Pearl of UGL Equis represented the tenant in the transaction. Unilev Management Corp. operates One and Three Riverway.

July 27, 2009

Office Texas

COLLIERS INTERNATIONAL CLOSES LEASE FOR RESTAURANT’S CORPORATE OFFICE

by admin July 27, 2009

KATY, TEXAS — Lupe Tortilla has leased 8,100 square feet for its corporate office at 20302 Park Row in Katy. Chris Klein and Jason Dillee of Colliers International represented the landlord, Southwind Properties. Lupe Tortilla represented itself in the transaction.

July 27, 2009

Multifamily Texas

LMI CAPITAL ARRANGES DEBT FOR APARTMENT PROJECT

by admin July 27, 2009

FRIENDSWOOD, TEXAS — The Woodlands, Texas-based LMI Capital has arranged $1.95 million in debt for the acquisition of the 76-unit Bridgestone Apartments project in Friendswood. Brandon Brown of LMI Capital worked on behalf of Shadowbrooke at Friendswood LLC to secure the 10-year, fixed-rate Fannie Mae loan with one of the firm’s DUS lending sources.

July 27, 2009

Multifamily Texas

ALLIANT CAPITAL FINALIZES APARTMENT COMMUNITY REFINANCE

by admin July 24, 2009

BROWNSVILLE, TEXAS — Alliant Capital LLC has finalized the refinance of a 120-unit apartment community in Brownsville. The transaction, which was made on behalf of Waterside Apartments, Ltd., was completed with a 10-year term and 1-year interest only at 5.69 percent. Waterside, which was built in 1983, includes apartments in nine, two-story buildings located approximately 3.5 miles from the city’s commercial business district.

July 24, 2009

Industrial Texas

GRAHAM PACKAGING LEASES INDUSTRIAL BUILDING

by admin July 24, 2009

HOUSTON — Graham Packaging has leased 40,230 square feet of warehouse space at West Loop Business Park, located at 4015 W. 11th St. in Houston. Glynn Mireless of CB Richard Ellis represented the tenant in the transaction. Mary Jo Giamailvia represented the landlord, AN/WRI Partnership, Ltd.

July 24, 2009

Industrial Texas

LOWE ENTERPRISES AND MCSHANE DEVELOPMENT ARRANGE LEASE OF WAREHOUSE

by admin July 24, 2009

AUSTIN, TEXAS — Lowe Enterprises and McShane Development Co. have arranged the lease of 23,200 square feet of industrial space to Rasa Floors & Carpet Cleaning, located at Tuscany Center in Austin. The 72,000-square-foot warehouse building, known as Tuscany Center 7, features 24-foot ceilings, 40-by-40 foot bays, six exterior truck docks, one drive-in door, gas heating and ESFR sprinkler system. Rasa plans to relocate to the building in November. TAG International will be the architect for the tenant build-out. Scott Womack of Jackson & Cooksey represented Rasa Floors, and Brett Arabie and Mike Tipps of Oxford Commercial represented Lowe and McShane in the lease transaction.

July 24, 2009

Retail Texas

NAI CRAVEY ARRANGES 25,000-SQUARE-FOOT RETAIL LEASE

by admin July 24, 2009

CORPUS CHRISTI, TEXAS — NAI Cravey Real Estate Services has arranged a 25,000-square-foot retail lease of the former Graham Central Station building to E.C. Barton Co. E.C. Barton will be expanding and relocating its Surplus Warehouse store to the 35,000-square-foot building. The company plans to move in November. Lynann Pinkham of NAI Cravey represented the E.C. Barton Co., and Ross Partlow represented the building owner in the lease transaction.

July 24, 2009

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