DALLAS — Tampa, Fla.-based CLW Health Care Services Group has completed the sale of Caruth Haven Court, a 91-unit assisted living facility located in the Park Cities neighborhood of northern Dallas, for $20.5 million. The three-story building was constructed in 1999; it is situated on 2.2 acres and totals 74,647 square feet. CLW represented the seller, SHP II Caruth LP, which consists of a partnership between Prudential Real Estate and 12 Oaks Senior Living. Caruth Haven Court was acquired by Cornerstone Growth & Income REIT through its affiliation with Servant Healthcare Investments. Operation of the facility will be handled by 12 Oaks Senior Living, the current operator the property.
IRVING, TEXAS — UGL Equis has brokered the sale of a 68,000-square-foot manufacturing/warehouse facility located at 6020 Colwell Blvd. in the Las Colinas submarket of Irving. The Class B property contains 24-foot clear ceiling heights, five docks and 13,868 square feet of office space. It was acquired by Xochitl, a manufacturer and distributor of snack foods, which plans to use the facility to consolidate and expand its Dallas headquarters operations. The company presently occupies approximately 2,000 square feet of office space at 17304 Preston Road in Dallas, with its manufacturing and warehousing facilities spread throughout the Dallas/Fort Worth Metroplex. Todd Phillips of UGL Equis’ Dallas office represented Xochitl. The seller, Nirtag, U.S., Inc., was represented by Bob Hagewood and Blake Kendrick of Stream Realty Partners. The acquisition price was not disclosed.
MURPHY, TEXAS — Dallas-based Henry S. Miller Brokerage (HSMB) has arranged the purchase of an approximately 2-acre land parcel located at 615 FM 544 in Murphy. The site had originally been zoned for residential use, but it was recently rezoned for office/retail development. The buyers, Dr. Deepika Minnal and Dr. Ramarao Lankipalli, plan to initially construct a 5,000 to 6,000-square-foot medical office building on the property. Later construction will include three to four additional buildings ranging in size from 5,000 to 10,000 square feet. A pediatric practice and a cardiology practice plan to lease space in the first building once construction is complete. HSMB’s Matt Anding represented the buyers. The seller, Andy Bugh, was represented by Doug Carignan of Jones Lang LaSalle.
DALLAS — The Dallas office of Corgan Associates has been selected to design the new Dallas Holocaust Museum/Center for Education and Tolerance. The 50,000-square-foot building, which will be located in Dallas’ West End district, is applying for LEED certification. The general contractor for the project is The Beck Group. The Dallas Holocaust museum was established in 1984. It was previously located in the basement of the Jewish Community Center in north Dallas. The museum moved to a temporary location on Record Street in 2005.
HOUSTON — WorleyParsons Group has signed a long-term lease for 141,000 square feet at Energy Center II, a 12-story, 305,000-square-foot, Class A office building located in Houston. The company will occupy the top five floors of the building, as well as have a reception area and conference facilities on the ground floor. The space will be used as the company’s U.S. corporate headquarters and for the consolidation of its Houston upstream oil and gas operations. WorleyParsons Group was represented in lease negotiations by Lou Cushman and Courtney Estenson of Cushman & Wakefield of Texas. The owner, a joint venture between Dallas-based Trammell Crow Co. and Principal Real Estate Investors, was represented by Steve Rocher of CB Richard Ellis. Energy Center II was completed this month. It features a fitness center, a deli and structure parking. It is in the process of applying for LEED-Gold certification. It sits adjacent to Energy Center I, the first phase of the project that was completed in January 2008. Energy Center I is presently the largest speculative office building in Houston to receive LEED-Silver certification.
BEDFORD, TEXAS — NAI ReStore, the retail unit of NAI Global, has brokered the sale of Harwood Central Village, a 119,742-square-foot neighborhood shopping center located in Bedford. NAI represented the seller, Centro Properties Group. The shopping center was acquired by Miami-based Gator Investments for an undisclosed amount.
DALLAS — The Dallas office of Cadence McShane Construction Co. had broken ground for the construction of 10740 Medical Office Building, a Class A medical property located at 10740 North Central Expressway in Dallas. The four-story property will total 92,000 square feet; it will feature an ambulatory surgery center on the fourth floor, and medical office space on the bottom three floors. The project was designed by Marasco & Associates and Alliance Architects. Completion is scheduled for December. Three leases have already been signed for the building. Ophthalmology Surgery Center of Dallas has leased the entire 25,000-square-foot fourth floor. In addition, The Glaucoma Associates of Texas and The Cornea Associates of Texas have each leased 10,000-square-foot suites.
LA PORTE, TEXAS — Overland Distribution has signed a lease for 103,184 square feet of industrial space at Port Crossing Corporate Center in La Porte. The building is located at 1701 S. 16th St.; it features 30-foot clear ceiling heights, 60 exterior docks, significant trailer storage and rail access. Bill Gold and Jeff Everist of CB Richard Ellis represented the landlord, a joint venture between National Property Holdings and ML Realty Partners. Greg Egan of LeaseSquareFeet.com represented Overland Distribution.
FORT WORTH, TEXAS — Arlington, Texas-based SCM Real Estate Services has negotiated the sale of a three-story, 16,968-square-foot office building located at 6750 Locke Ave. in Fort Worth. SCM’s Theron Bryant represented the seller, California-based KHI Locke LLC. The buyer was Dallas-based Parkwood Management. The acquisition price was not disclosed.
HOUSTON — Hess Corp. has signed a long-term lease to occupy all of Discovery Tower, a high-rise office tower under construction at 1501 McKinney St. in downtown Houston. The project, which is being developed by a joint venture between Dallas-based Trammell Crow Co. and Principal Real Estate, has been under construction since March 2008. Given the early stage of construction, the tower is being customized to accommodate Hess Corp. It will rise 29 stories and total 844,763 square feet. Other features, such as floor plate sizes and ceiling heights, are also being customized. The project, which has been renamed Hess Tower, is applying for LEED-Gold certification and, upon receiving the designation, will be the first LEED-Gold office building in Houston’s central business district. Completion is scheduled for summer 2010. Hess Corp. will relocate from its current offices in Houston’s Allen Center to Hess Tower in 2011. Hess Corp. was represented in lease negotiations by Tim Relyea of Cushman & Wakefield. Trammell Crow and Principal were represented by John Pruitt and Cody Armbrister of CB Richard Ellis.