FAIRVIEW, TEXAS — Little Rock, Ark.-based Dillard’s has begun construction for a new 200,000-square-foot store located at The Village at Fairview, a mixed-use development located in Fairview that is being developed by Dallas-based MGHerring Group. Dillard’s will serve as one of three co-anchors for the retail component of the project; the other anchors, JCPenney and Macy’s, broke ground during the fourth quarter of 2008. The 1 million-square-foot retail component of The Village at Fairview is scheduled to open in August. Additional tenants include The Container Store, Village Roadshow Gold Coast Cinema and Whole Foods Market. Plans ultimately call for a 200,000-square-foot office building, approximately 675 multifamily units and a 280-room hotel with an adjoining 80,000-square-foot conference center, in addition to the retail space. The Village at Fairview is part of a 3 million-square-foot mixed-use project MGHerring is developing at the corner of U.S. Highway 75 and Stacy Road. The other part of the project, The Village at Allen, opened in October 2008. Once The Village at Fairview is complete, the two projects will function as a single, 400-acre mixed-use center that will contain 2 million square feet of retail space and 1 million square feet of office, residential and hotel …
HURST, TEXAS — Dallas-based Henry S. Miller Brokerage (HSMB) has arranged the sale of Cavender Manor, a 74-unit apartment community located in Hurst. The property was constructed in 1965; it features on-site laundry facilities and a swimming pool. HSMB’s Richard Keeling and John St. Clair represented the seller, San Diego National Bank. The buyer, Texas-based Cavender Manor LLC, was represented by Maurice Benita of the Beverly Hills, Calif., office of Keller Williams. The acquisition price was not disclosed.
GARLAND, TEXAS — Dallas-based TIG Real Estate Services has brokered the sale of a 3,984-square-foot industrial building located at 442 Action St. in Garland. TIG’s Ryan Wolcott and Michael Grant represented the seller, Primo’s Unlimited. The property was acquired by JKT Management LLC for an undisclosed amount.
SEAGOVILLE, TEXAS — A Dallas-based development group has sold the 51,835-square-foot Seagoville Corners shopping center to a Texas-based limited partnership for an undisclosed amount. The 2-year-old center, which is located on North Highway 175 in Seagoville, is populated by Bealls, Dollar Tree, CATO, Sally Beauty and Hibbett Sports. Brad and Gavin Kam of Dallas-based TKG represented the seller, and the buyer was represented by Quine & Associates of Richardson, Texas.
GALVESTON, TEXAS — The Harbor House, a 42-room hotel in Galveston, has reopened for business after being damaged during Hurricane Ike. Located on Pier 21, the hotel has not completely recovered from the storm and elevator service will not be available until mid-April. Additionally, the nine adjacent boat slips are still undergoing repairs. The Olympia Restaurant, which is located on the harbor side of the hotel, is slated to open in June. Harbor House is the second of three historic Galveston hotels owned by Cynthia and George Mitchell to reopen.
FORT WORTH, TEXAS — Grafford Investment Group LLC has acquired Les Jardin Apartments in Fort Worth. The 77-unit, Class C apartment community is located in southwest Fort Worth at 2901 Travis Ave. At the time of acquisition, the property was 89 percent occupied. Lifestyles Realty represented the buyer; Cushman & Wakefield represented the seller, Columbus, Ohio-based Les Jardin Holdings Co., in the transaction. The sales price was not disclosed.
PLANO, TEXAS — EaglePicher Medical Power LLC has leased 20,000 square feet of research and development space at Jupiter Service Center in East Plano. The company plans to employ 30 people, including 25 new hires for R&D and administrative positions. Located at 10009 Jupiter Rd., the property is slated to open in March. The center will include laboratories and equipment for testing and manufacturing lithium batteries. Kathy Permenter and Russ Johnson of Grubb & Ellis Co. represented the landlord, Dallas-based Kodiak Capital, in the transaction.
FORT WORTH AND GREENVILLE, TEXAS — Cushman & Wakefield of Texas (C&W) has brokered two Dallas-area multifamily sales. In Fort Worth, C&W arranged the sale of Les Jardin Apartments, a 77-unit, Class C property located at 2901 Travis Ave. The community comprises four, two-story buildings and was 89 percent occupied at the time of closing. C&W’s Stephanie Mower, Barney McAuley. Brandon Beeson and Mart Martindale represented the seller, Columbus, Ohio-based Les Jardin Holding Co.; the buyer, Grafford Investment Group, was represented by Brad Sumrok of Lifestyles Realty. In Greenville, Martindale brokered the sale of the 65-unit Lakeway Apartments on behalf of the undisclosed seller. The property was acquired by El Paso, Texas-based El Paso Rivera Investments, which plans to invest in a capital improvements program for the property in the near-term. Occupancy was 68 percent at the time of closing.
HOUSTON — Marcus & Millichap has brokered the sale of the former Bissonnet Corner Restaurant, a vacant 3,021-square-foot restaurant located 12180 Bissonnet St. in Houston. The property was originally built in 1985 and was renovated in 2000. Justin Miller of Marcus & Millichap’s Houston office represented the seller, a Texas-based private investor. The property was purchased by another Texas-based private investor/user. The acquisition price was not released, but the property listed for $500,000.
DALLAS — Dallas-based The Allen Group has leased 313,040 square feet within Dallas Logistics Hub, the company’s 6,000-acre, multimodal logistics park located in Dallas, to Advanced H2O. The bottled water and beverage producer will occupy approximately half of DLH Building 1, which is located at 4800 Langdon Rd. The recently completed facility totals 635,040 square feet; it features cross docking, 32-foot clear ceiling heights and 126 loading docks. The building is also in the process of receiving LEED certification. Advanced H2O will use the facility for production and distribution; it will occupy the space for a 15-year term.