DALLAS — Inland Western Retail Real Estate Trust has secured a $13.97 million loan for its 179,959-square-foot Preston Trail Village shopping center, located at 17194 Preston Rd. in Dallas. The Kroger-anchored center is 90.3 percent occupied by tenants including Bank of America, Dunkin’ Donuts and Hallmark Showcase. American Bank of Texas provided financing for the 3-year, fixed-rate loan. Kevin MacKenzie and Trey Morsbach of Holliday Fenoglio Fowler’s Dallas office arranged the loan.
ALLEN, TEXAS — Dallas-based The MGHerring Group is developing the second phase of The Village at Allen. The second phase is marked with the openings of Super Target, PetSmart and Anderson’s Furniture. Additionally, the second phase will add 275,000 square feet of retail and restaurant space. Other stores slated to open this spring and summer include Ross Dress For Less, Hemispheres, Cheddars Casual Café, Dodie’s Place & Sports Grill, Eye Masters, James Avery, Movie Trading Co., Ooo La La, Radio Shack, Saxby’s Coffee, Scottrade, Tacone Flavor Grill, The Kid Salon, Yogilicious and Zeus Boutique. Upon completion, the Village at Allen and The Village at Fairview is slated to have more than 3 million square feet of retail, office, residential and hotel space. The mixed-use development is located on Stacy Road off U.S. 75 in Allen and Fairview.
HOUSTON — Geodis Wilson Projects USA Inc. has leased 61,780 square feet of industrial space at Port North One, a 158,940-square-foot warehouse/distribution building in Point North Cargo Park in Houston. Geodis Wilson is Duke Realty Corp.’s first tenant in the building. The company will occupy 39 percent of the space and utilize two acres of outside land for storage and freight consolidation and deconsolidation. Patrick Rollins of CB Richard Ellis represented Geodis Wilson in the transaction; Cory Driskill provided Duke’s in-house representation.
FORT WORTH, TEXAS — Senior Quality Lifestyles Corp., a Dallas-based owner of non-profit retirement communities in Texas, has selected the project team for The Stayton at Museum Way, the company’s new senior housing project located in the Cultural District of Fort Worth. The project will be developed by Greystone Communities and built by Andres Construction. The project architect is CSD Architects, the landscape architect is Talley Associates and the interior designer is Studio Six 5. The Stayton at Museum Way will comprise 188 independent living units in a mix of one-, two- and three-bedroom residences. They will be located within three interconnected, 11-story towers. Amenities include fine and casual dining with view of downtown Fort Worth, outdoor terraces and dining spaces, local artwork within the buildings, a dog park and other resort-style amenities. The project will incorporate sustainable elements including native and drought-resistant landscaping, wood flooring made from rapidly renewable sources, and low-emitting carpets and paints. The construction timetable was not released.
DALLAS — HREC Investment Advisors has arranged $13 million in senior financing for the 228-room Doubletree Hotel – Dallas Market Center, located at 2015 Market Center Blvd. in downtown Dallas. The loan includes a 5-year term and a 7 percent fixed interest rate. The lender was a Texas-based bank. The Doubletree Hotel is owned by Market Center Lodging LP and operated by Alliance Hospitality Management.
CORPUS CHRISTI, TEXAS – Brookfield, Wis.-based Hammes Co. has been selected to manage and lease an approximately 500,000-square-foot healthcare portfolio for CHRISTUS Spohn Health System, which is part of CHRISTUS Health. The portfolio comprises 12 medical office buildings located in the Corpus Christi area. Hammes will manage the portfolio from its recently opened office in Corpus Christi. CHRISTUS Health currently controls more than 40 hospitals and medical facilities located in six states, as well as in Mexico.
AUSTIN, TEXAS — Santa Rosa, Calif.-based Summer Grove Properties LLC has acquired Summer Grove in Austin. Located at 7905 San Felipe Blvd., the property features 124 apartment units. The seller was Greenwood Village, Colo.-based Baron Properties LLC. Seattle-based Alliant Capital LLC facilitated the financing for the transaction. Ellen Muskin and George Deuillet III of Hendricks & Partners’ Austin office represented both parties in the sale.
SAN ANTONIO — Starwood Hotels & Resorts Worldwide is opening aloft San Antonio Airport Hotel, which is located at 838 NW Loop 410 in San Antonio. The 69,158-square-foot hotel offers 141 loft-inspired guest rooms with nine-foot ceilings. Additionally, the hotel features a lounge area, a bar, a fitness center, an outdoor pool, and a food and beverage area. Partners of the project include Aimbridge Hospitality, Hillwood Investments, Champ Hospitality LP and JF Capital Advisors.
SAN SABA, TEXAS — An East Texas entrepreneur has purchased an 80-bed nursing home in San Saba for an undisclosed price. The acquisition also includes a historic home located adjacent to the nursing home facility. Robyn Jackson of Sperry Van Ness’ Fort Worth, Texas, office represented both undisclosed parties in the transaction.
FORT WORTH, TEXAS — Nova Healthcare Management LLP has leased 6,000 square feet of retail space at Beach Street Business Park in Fort Worth. The property is located at 3645 N. Beach St. Holt Lunsford represented the tenant; Frank Jester and Robert Sawyer of NAI Huff Partners represented the landlord, Hiw Ltd., in the transaction.