AUSTIN — The Austin office of Transwestern has been selected to handle leasing and management of two Austin office portfolios controlled by UNUM and DivcoWest Real Estate Investments. The UNUM portfolio comprises five buildings totaling 436,457 square feet. Notable properties include Northview Business Center, a 254,972-square-foot office building located in the city’s Northwest submarket, and Summit Park A and B, two flex buildings also located in the Northwest submarket that total 96,950 square feet. Notable tenants include AT&T, Verizon, Texas Workforce Commission and CustomerLinx Corp. The DivcoWest portfolio primarily comprises Parmer Business Park, a six-building office park in northwest Austin that totals 266,737 square feet. The other property in the portfolio is Bergstrom Tech Center 312, a 203,884-square-foot office building located in the city’s Southeast submarket. Sun MicroSystems occupies all of Parmer Business Park; Bergstrom Tech Center 312 is vacant.
Texas
STAFFORD, TEXAS — The Houston office of NorthMarq Capital has arranged first-mortgage financing for Shadowbrooke Apartments, a 240-unit multifamily community located in Stafford. The Class A property is currently 95 percent occupied. NorthMarq’s Roger Trapnell and Warren Hitchcock originated the loan, which carries a 7-year term with a 30-year amortization schedule. The lender was Freddie Mac. The principal and interest rate of the loan were not released.
DALLAS — Newport Beach, Calif.-based KBS Realty Advisors has acquired Providence Towers, a 12-story, approximately 500,000-square-foot office tower located at 5001 Spring Valley Rd. in Dallas. Amenities at the Class A property include a fitness center, two conference rooms, an on-site restaurant and a bank branch. The project is approximately 90 percent occupied by a tenant mix that includes DeGolyer & MacNaughton, Time Warner, Morgan Stanley, Hilton Hotels and Henry S. Miller. The property is in the process of applying for LEED certification. The seller was CB Richard Ellis Investors. The transaction was negotiated by CB Richard Ellis. The acquisition price was not disclosed.
HOUSTON — Parsippany, N.J.-based B&G Foods has renewed its lease for 151,966 square feet of warehouse space for an additional 5-year term. The space is located at Suite 140 of 7150 Business Park Dr. in Houston. Edward Bane of Houston-based Holt Lunsford Commercial represented the landlord, Des Moines, Iowa-based Principal Financial Group. B&G Foods was represented by Mike Hill of Michael Hill Properties.
HOUSTON AND ATASCOCITA, TEXAS — Chipotle Mexican Grill has signed leases for two new locations in metropolitan Houston. In northwest Houston, the restaurant signed a ground lease for a 15,432-square-foot location within Vintage Park Shopping Center, located at the intersection of Tomball Parkway and Louetta Road. Debbie Knox of H-E-B, also the anchor of the center, provided in-house representation for the landlord. Matt Keener, Russell Janicek and Mark Raines of CB Richard Ellis (CBRE) represented Chipotle. In Atascocita, Chipotle leased 2,261 square feet of space at the West Lake Crossing retail center. Alex Makrus and Jazz Hamilton of CBRE represented the landlord, Trammell Crow Co. Chipotle was again represented by Keener, Janicek and Raines. Terms of the leases were not disclosed.
FLOWER MOUND, TEXAS — Brad and Gavin Kam of Dallas-based commercial real estate investment sales and advisory firm TKG recently closed the sale of Towne View Shopping Center in Flower Mound. The 31,939-square-foot retail center, which is located off of the intersection of Long Prairie and Flower Mound roads, includes tenants such as Anamia’s Tex Mex Restaurant, i Fratelli Pizza and Edohana Sushi. TKG represented the buyer, a Texas-based limited partnership, in the sale. A local property owner was the seller.
HOUSTON — Brandon Brown of The Woodlands, Texas-based LMI Capital has arranged approximately $3.92 million in permanent debt for the acquisition of Aspen Ridge Apartments, a 256-unit multifamily project in Houston. LMI worked on behalf of the buyer to secure the fixed-rate financing with one of the company’s lending sources.
FRISCO, TEXAS — Bravo Health Texas, Inc., Net Traffic, America Unit and DaVita Inc. have all signed leases at Hall Office Park, Hall Financial Group’s 15-building, master-planned, Class A office park in Frisco. Bravo Health Texas will take 4,775 square feet at 6801 Gaylord Parkway. Rebecca Griffin of Newmark Knight Frank negotiated the lease on behalf of the tenant. Net Traffic has signed a lease for 4,564 square feet at 3000 Internet Blvd.; and American Unit will occupy 3,950 square feet of space at 2801 Network Blvd. DaVita has signed on for 2,602 square feet at 6801 Gaylord Parkway. Louis Carpenter of USI Real Estate Brokerage Services, Inc. negotiated for the tenant. Jean C. Farris and Tammy Lomonaco handled all negotiations on behalf of the owner and landlord, Hall Financial Group.
TYLER, TEXAS — The city of Tyler has secured $8.6 million in federal stimulus funds for the construction of a 160-bed extended care facility for the Department of Veterans Affairs. The facility will provide ongoing care and basic medical services for military veterans. The project will be located on Texas Highway 155, just west of Texas Highway 271, at a 20-acre site that was donated by the University of Texas Health Science Center at Tyler for the construction of a new VA nursing homes. The construction timeline was not released. In addition, the city of Houston received the other portion of an approximately $17 million block of stimulus funds allocated for the construction of VA nursing homes in east Texas.
AUSTIN, TEXAS — CyrusOne, a data center services provider, has opened a new 50,000-square-foot data center in Austin. The facility is located within The MetCenter, a data center business park that features two on-site electrical substations, underground electrical infrastructure, and redundant telecommunications and water infrastructure. CyrusOne already had the ability to provide disaster recovery and business continuity services for its customers at the Austin site. Data center space is expected to come online in the third quarter of this year.