SLATON, TEXAS — Hendricks & Partners has brokered the sale of Century Heights Apartments, an 85-unit multifamily community located at 1305 W. Woodrow Rd. in Slaton. Greg Austin, Chip Nash and Jim Hearn of the Houston office of Hendricks & Partners, along with Tom Warren, Tom Burns and Jay Gunn of the firm's Dallas office, represented the seller, locally-based Century Heights/Windmill I, II, & III LLC. Additional assistance was provided by Meredith Wideman of Hendricks' Multi Family Brokerage Group. The buyer was Boca Raton, Fla-based Slaton Properties LP. The acquisition price was not disclosed.
CONROE, TEXAS — Houston-based Arch-Con Construction has completed a new Hampton Inn & Suites located in Conroe. The 105-room, 64,994-square-foot hotel is situated at 2242 Stoneside Rd. Hotel amenities include an outdoor swimming pool, a fitness center and a business center.
CANYON, TEXAS, AND WEATHERFORD, OKLA. — NorthMarq Capital has arranged a total of $6 million for the refinancing of two Collegiate Station student housing properties. Collegiate Station at Canyon contains 108 units and is located near West Texas A&M University in Canyon. Collegiate Station at Weatherford contains 120 units and is located near Southwestern Oklahoma State University in Weatherford. Robert Hernandez of NorthMarq's Tampa, Fla., office arranged the financing on behalf of the undisclosed borrower. The lender was First United Bank.
NEW BRAUNFELS, TEXAS — The Scooter Store has signed a lease for approximately 56,000 square feet of space at Comal Plaza in New Braunfels. The space will be used to accommodate the growth of the company, which is also headquartered in New Braunfels. The Scooter Store recently hired 500 new employees, half of whom will work at the new location. Nick Tarantino of the Austin office of Tarantino Properties represented the landlord in lease negotiations. Comal Plaza contains approximately 69,000 square feet of office and retail space, and is located at 603 Business I-35.
HOUSTON — Cushman & Wakefield of Texas has completed a lease for 70,000 square feet of manufacturing space at Greens Port Industrial Park in Houston. Metals Supply Co. will be occupying the space, which is located within Complex 21B at 1755 Federal Rd. B. Kelley Parker, John Littman and Coe Parker of Cushman & Wakefield's Houston office represented the landlord, Greensport/Ship Channel Partners in lease negotiations. Terms of the deal were not disclosed.
IRVING, TEXAS — Marcus & Millichap has completed the sale of West Wind, a 160-unit apartment community located in Irving. The property, which is situated at 1306 N. Nursery Rd., was constructed in 1980. Will Balthrope and Ryan Epstein of Marcus & Millichap's Dallas and San Antonio offices represented the seller, an undisclosed partnership. The pair also represented the owner, an undisclosed limited liability company. The acquisition price was not released.
DENTON, TEXAS — Appliance and electronics retailer Conn's has leased 30,281 square feet of retail space at The Shops at Colorado in Denton. Situated at the corner of Loop 288 and Colorado Boulevard, the space was previously occupied by Circuit City. The location marks Conn's first in Denton, and it is scheduled to open by early November. The retailer will join a tenant roster that includes Staples and Party City. Earl Harris and Blake Shipp of The Weitzman Group represented the landlord in lease negotiations. Conn's was represented by Jennifer Frank of The Woodmont Company. Terms of the lease were not disclosed.
AUSTIN, TEXAS — The Austin office of Stream Realty Partners has brokered a 59,049-square-foot industrial lease in Austin. Flare Technologies will occupy the space, which is located at 16310 Bratton Lane within Building Three of Raceway Crossing. The company will take occupancy in the third quarter. David Blackbird and Daniel Farrar of Stream Realty represented the undisclosed landlord in lease negotiations. Mike Tipps of Oxford Commercial represented Flare Industries. Raceway Crossing consists of three warehouse buildings totaling 249,000 square feet that are situated on 22 acres. Terms of the lease were not disclosed.
WILMER, TEXAS — US Industrial REIT II, an affiliate of USAA Real Estate Co., has leased 286,000 square feet of industrial space at I-45 Tradeport 1 to an undisclosed tenant. The distribution facility, which totals 520,000 square feet, is located at 101 Sunridge Blvd. in Wilmer. Amenities include 47 dock doors, an ESFR sprinkler system, 44 trailer positions with expansion room, 140 truck courts and perimeter security fencing capabilities. Gary Collett, Dan Cook, Mark Becker and Ashley Pope of Cushman & Wakefield are providing brokerage services for the remaining 234,000 square feet of the facility.
ROCKWALL, TEXAS — San Diego, Calif.-based Equity Based Services, Inc. (EBS) has purchased Advantage Storage, a Class A, self-storage property in Rockwall. The 68,075-square-foot facility, which features 311 non-climate-controlled units and 247 climate-controlled units, sits on the corner of Justin Road and South Goliad Street in the Dallas suburb. It is approximately 90 percent occupied. EBS will re-brand the facility under the American Mini Storage brand name, and All American Property Management, Inc., a wholly owned subsidiary of EBS, will manage the property. The Rockwall property marks the 23rd facility that EBS owns and operates in Texas.