HOUSTON — CB Richard Ellis (CBRE) has brokered the sale of a 3,567-square-foot medical building located at 3429 Bellaire Blvd. in southwest Houston. Simmi Jaggi and Elizabeth Clampitt of CBRE’s Houston office represented the buyer, Ahab Investment Group, as well as the sellers, Kenneth and Ann Huete. The acquisition price was not disclosed.
HOUSTON — The Houston office of Hines has announced that the company’s 717 Texas office building, located in the central business district (CBD) of Houston, has received the silver level of LEED – Existing Buildings: Operations & Maintenance certification from the U.S. Green Building Council. This makes the 33-story, 696,000-square-foot tower the first commercial office building in Houston’s CBD to receive the designation. The building participated in the LEED Core & Shell pilot study in 2002, and it has also received the Energy Star label from the Environmental Protection Agency. Sustainable features include a green and reflective roof on the parking garage, an air purification system, filtered drinking water, low-flow restroom fixtures and a building-wide recycling program. The property is fully occupied by a tenant roster that includes Avalon Advisors, Calpine Corp., Charter Title, Crimson Exploration, Jones Day, Kayne Anderson, Plains Explorations, Rosetta Resources, Smith Barney and TransCanada. The property was developed by Hines, and is currently owned and managed by the company, as well.
COLLEYVILLE, TEXAS — The grand opening has been held for Main Street Chop & Fish House, a new steak and seafood restaurant located in Colleyville. The restaurant is situated on the second floor of 62 Main St. within The Village at Colleyville mixed-use development. It features a bar, a private dining room and tall windows that overlook the Main Street-style project. The Village at Colleyville. It includes two- and three-story buildings containing a mix of retail, restaurant, office and residential uses.
FORNEY, TEXAS — The Dallas office of Henry S. Miller Brokerage (HSMB) has negotiated the purchase of approximately 276 acres of land located at 8975 FM 740 in Forney. The property fronts Interstate 20. Upon its purchase, a portion of the property was converted into Cousins Paintball Park. The remaining acreage will be held for future investment purchases. Ben Chien of HSMB represented the buyer, 8975 Farm to Market Rd Property LLC; Manju Menon of Texas Commercial Real Estate Services represented the undisclosed sellers. The acquisition price was not disclosed.
HOUSTON — CB Richard Ellis (CBRE) has completed the sale of a 13,500-square-foot industrial property located at 2701 Appelt Dr. in Houston. Glynn Mireles and Billy Gold of CBRE represented the seller, Rolling Creek Ltd., while Michael Palmer and John Simons, also of CBRE, represented the buyer, STL Interest. The acquisition price was not disclosed.
IRVING, TEXAS — Santa Ana, Calif.-based Grubb & Ellis Realty Investors has disposed of Royal Ridge Tech, an approximately 44,000-square-foot office property located in Irving. The single-story structure is situated on approximately 3.6 acres of land at 8333 Royal Ridge Parkway. Grubb & Ellis, which sold the property on behalf of tenant-in-commone investors, was represented by Kacy Jones, Byron McCoy and Sean Dalton of Holt Lunsford Commercial. The buyer, Texas-based TXVT Development, was represented by Nora Hogan and Robert Deptula of Houston-based Transwestern. The sale was part of a two-property 1031 exchange that also included Beltline, a nearby office property that totals approximately 40,000 square feet.
ABILENE, TEXAS — Marcus & Millichap has completed the sale of the Hampton Inn & Suites Abilene I-20, a 72-room hotel located in Abilene. Michael Yu and Rahul Bijlani of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a private investor. The duo also represented the buyer, another undisclosed private investor. The acquisition price was not released.
ARLINGTON, TEXAS — SCM Real Estate Services has brokered the sale of an approximately 4.3-acre development site, located at 721 W. Highlander Blvd. in Arlington, for the construction of a new specialty surgery center. The facility will be named Baylor Orthopedic & Spine Hospital of Arlington; it will total two stories and 57,000 square feet. The site is located adjacent to USMD Hospital. Gary Walker and Renee Efimoff of SCM Real Estate represented the buyer, Arlington Orthopedic Associates, in the land transaction. Michael Bailey of Windstar Development represented the seller. The project’s investment and management team includes Arlington Orthopedic Associates, United Surgical Partners and Baylor Healthcare System. The project is being developed by BremnerDuke Healthcare Real Estate.
ALLEN, TEXAS — Cadence McShane Construction Co. has been selected to build a 360,000-square-foot mixed-use project at The Village at Allen, located at the corner of U.S. Highway 75 and Stacy Road in Allen. The project will comprise a three-level parking deck, as well as 45,978 square feet of ground-floor entertainment and retail space. Architecture+ is providing design services, and completion is scheduled for September. The Village at Allen is part of a 3 million-square-foot mixed-use project currently being developed in Allen and Fairview, Texas, by MGHerring Group. The Village at Allen held its grand opening in October 2008. The Village at Fairview, which is the other half of the project, is currently under construction.
BEAUMONT, TEXAS — The Houston office of Grubb & Ellis has arranged two leases on behalf of ENGlobal Corp. in Beaumont. The first lease is for a new 52,518-square-foot office building located at 3155 Executive Blvd. within Executive Business Plaza. The building was constructed as a build-to-suit by Clay Development & Construction, and will be used for ENGlobal’s engineering and administrative operations. It replaces a building located on the same site that was destroyed by Hurricane Rita in 2005. ENGlobal is currently moving into the building. The second lease is for 80,808 square feet of industrial space located at 225 Portwall St. in Portwall Distribution Center II. The company is expanding its fabrication operations into the new space from a previous nearby location that totaled 62,641 square feet. ENGlobal will relocate to the space in March. Grubb & Ellis’ Robert Bantly and Scott Fikes represented ENGlobal in both transactions. The landlord in the second transaction, The Carson Companies, was represented in-house.