WAXAHACHIE, TEXAS — Ravi Mehta and Sanjeev Lad of Marcus & Millichap’s Fort Worth, Texas, office recently secured a buyer for the 63-room Sleep Inn & Suites located at 1701 N. US Highway 77 in Waxahachie. Mehta and Lad had the exclusive listing to market the property on behalf of the seller, a limited liability company. The hotel sits on approximately 1.92 acres; it opened in June 2007.
RICHMOND, TEXAS — Delaware-based PGS Onshore, Inc., has sold an 18,000-square-foot manufacturing facility in Richmond to a private investor. The property is located at 15637 Ennis Rd. John Simons, Michael Palmer and Steve Hesse of CB Richard Ellis (CBRE) represented the seller.
ROCKWALL, TEXAS — Stan Johnson Co. recently completed the sale of a 14,820-square-foot, freestanding Walgreens pharmacy location in Rockwall. Located on 1.97 acres on the southwest corner of State Highway 205 and Lakeshore Drive, the property sold to an individual investor for $4.93 million. Jeff Hughes and Brad Pepin of Stan Johnson Co. represented the investor. Gill Warner, Rod Pickney and Chad Byerly, also of Stan Johnson Co., represented the seller, a retail developer.
DALLAS — Nathan Denton and Hanes Chatham of Lee & Associates DFW recently represented CAS Headquarters LLC in the purchase of a freestanding office building in Dallas. The 12,166-square-foot facility is located at 17501 N. Dallas Parkway. CAS will renovate the office building to accommodate its needs, and the company plans to occupy its new space in the third quarter of this year.
PLANO, TEXAS — The grand opening has been held for Tennyson Place, a 100,000-square-foot office building located at 5600 Tennyson Pkwy. in Plano. The multi-tenant building is divisible from 800 to 3,900 square feet. It features pre-finished suites that are pre-wired for Verizon’s FiOS services as well as preconfigured for wireless Internet access. Building amenities include a cafeteria and a conference room. The project also has LEED-Silver designation. Tennyson Place is owned and managed by Dallas-based Primera Cos. The project was designed by Myers & Crow Co. Pinnacle Advisory Associates has been announced as the building’s first tenant.
CORPUS CHRISTI, TEXAS — Corpus Christi-based NAI Cravey Real Estate Services has brokered the sale of the former Furniture Row USA building, located at 5042 South Padre Island Dr. in Corpus Christi. The property consists of an approximately 20,000-square-foot building situated on 1.2 acres. The building was purchased by The Salvation Army, which plans to use it as a retail store. NAI’s Lynann Pinkham represented the seller, Furniture Row USA. The sale price was not disclosed.
LA PORTE, TEXAS — Moody Rambin Investment Services has completed the sale of the Total Safety industrial building, a 40,000-square-foot property located at 11111 Highway 225 in La Porte. Chris Dray and Derek Hargrove of Moody Rambin represented the seller, MRTS 225 Ltd. The buyer was CTS Venture Fund 09 Ltd., which was represented by Amy Silvey of Clay & Co. The acquisition price was not disclosed.
SOUTHLAKE, TEXAS — Completion is nearing for the next phase of Watermere at Southlake, a 67-acre, master-planned retirement community located in Southlake. Projects currently under construction include a portion of the community’s 235 independent-living residential villas and condominiums as well as a 35,000-square-foot clubhouse. Amenities at the clubhouse include a business library, a beauty salon, a fitness center, dining venues, a card room, meeting rooms and an indoor swimming pool. Delivery of the clubhouse and the units is scheduled for August. Some parts of Watermere at Southlake are already open, including Isle at Watermere, the community’s assisted living component. The rental apartment building, which opened last year, consists of 66 assisted living units, 25 memory care units and a 24-hour nursing staff. Occupancy is currently at 75 percent. Watermere at Southlake is owned by Southlake Watermark Holdings LP and is located at 302 Watermere Dr. Isle at Watermere is owned by Southlake Care Group LP.
DALLAS — Henry S. Miller Brokerage (HSMB) has completed the sale of a 15,900-square-foot industrial building, located at 2303 Shorecrest Dr. in Dallas’ East Brookhollow submarket. The property was acquired by S.V. Hardy LP, which plans to use the building for office and warehouse uses. Chris Armstrong of HSMB represented the seller, Hartnack Investments. The buyer was represented by Jason Moser of Stream Realty.
HOUSTON — Marcus & Millichap has brokered the sale of a 3,000-square-foot retail property located in Houston. The property, currently net leased to Green Planet Cleaners, is situated on 15,000 square feet of land at 16515 Longenbaugh Dr. It was constructed in 2003. Josh Lass-Sughrue of Marcus & Millichap’s Houston office represented the seller, a private investor. The buyer, a locally based private investor, was represented by Stephen Sauter of Marcus & Millichap’s Palo Alto, Calif., office. The acquisition price was not released but the property listed for $340,000.