AUSTIN, TEXAS — ING Clarion Partners has acquired Southpark Commerce Center III, a three-building, 470,886-square-foot industrial property located at 4801 Freidrich Lane in Austin, from Endeavor Real Estate Group. Two buildings on the 31-acre property were completed in 2002, and are fully leased to a tenant roster that includes Axcess Technologies and Calendar Club. The third building was completed in January and is fully occupied by multiple tenants. Jim Batjer, Barry Brown, and Robby Rieke of Holliday Fenoglio Fowler marketed the property on behalf of the seller. The acquisition price was not disclosed.
WAXAHACHIE, TEXAS — Marcus & Millichap has arranged the sale of The Marketplace at Waxahachie, a 100,044-square-foot shopping center located at 791 N. Highway 77 in Waxahachie. Situated on 11.4 acres, the building is anchored by Bealls, Hastings, Dollar Tree and Sleep Experts. Additional tenants include Cotton Patch Café and Double Dave’s Pizza. Samueal Herskovits and Gavin Kam of Marcus & Millichap’s Dallas office represented the undisclosed seller. The buyer also was not disclosed.
FORT WORTH, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has brokered the sale of a 29,200-square-foot retail property located at 821-825 W. Vickery Blvd. in Fort Worth. The property was acquired by Stage West Theatre dba Allied Theatre Group. The theatre company previously had occupied 9,000 square feet within 821 W. Vickery Blvd. more than 20 years ago. Stage West Theatre will renovate the theater seating and dining area of the new property, now that it has control over the whole building. HSMC represented the Fort Worth-based seller, Marshall Robinson. The acquisition price was not disclosed.
WACO, TEXAS — SWB Heritage Partners has broken ground for the construction of Heritage Quarters, a student housing project located inside the Waco Town Square multi-use project in Waco. The four-story building will comprise 374 beds. Property amenities will include a computer and business center, a fitness center, and on-site parking. First move-ins should occur in time for the fall 2009 semester. Humphreys & Partners Architects is designing the facility, with E.E. Reed Construction providing general contracting services.
BURLESON, TEXAS — Big Spring, Texas-based Premiere Cinemas has held the grand opening for its new 12-screen, 42,000-square-foot theater located in Burleson. The theater features stadium seating, reclining loveseats and wireless headsets for hearing-impaired customers. The theater is located inside Burleson Commons, a 37-acre retail center that opened in February.
SPRING, TEXAS — Marcus & Millichap has brokered the sale of a 10,908-square-foot CVS/pharmacy located on Aldine Westfield Road in Spring. Philip Levy and Blake Burnett of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a Texas-based limited liability company, and procured the borrower, a New York private investor. The acquisition price was not disclosed.
ARLINGTON, TEXAS — Atlanta-based InterContinental Hotels Group (IHG) will hold the grand opening this month for the 147-room Holiday Inn Arlington-Northeast, located at 1311 Wet and Wild Way in Arlington. The 102,000-square-foot hotel will feature The Sporting News Grill, marking the sports bar and restaurant’s second location to open inside a Holiday Inn. The hotel will feature complimentary high-speed Internet access, outside patios, a media room with a 62-inch LCD hi-definition television, complimentary airport shuttle service and 2,400 square feet of meeting space. It was designed by Fort Lauderdale, Fla.-based Zspace. The hotel is owned and operated by Newcrestt Management under a license agreement with IHG.
DALLAS — Architectural Resources Cambridge has been selected by the Episcopal School of Dallas to design the 90,000-square-foot Stephen B. Swann Athletic and Wellness Center on the school’s Dallas campus. The building will feature a regulation-size gymnasium, an indoor running track, strength and conditioning workout rooms, sports medicine facilities, a dance studio, a wrestling room, locker rooms and coaching offices. The facility also will house a 460-seat dining room, a campus bookstore, concessions and equipment storage areas, and offices for the school’s auxiliary services. Construction is expected to begin in the fall.
NACOGDOCHES, TEXAS — Dallas-based Metropolitan Capital Advisors has arranged a $4 million loan for the refinancing of University Mall, a 182,222-square-foot shopping center located on University Drive in Nacogdoches. The property is currently 70 percent occupied; tenants include Bath & Body Works, Foot Locker, J.C. Penney, Belk, Gordon’s Jewelers and Hibbett Sports. The fixed-rate financing was secured on behalf of O.R.D.A. Corp. The lender was not disclosed.
SAN ANTONIO — The McNay Art Museum in San Antonio has reopened after the completion of a $33.1 million expansion that has added 45,000 square feet to the museum. Known as the Jane and Arthur Stieren Center for Exhibitions, the new wing is a two-story structure with an outdoor sculpture garden. The wing contains the 7,500-square-foot Tobin Exhibition Galleries, which allows the museum to host traveling exhibitions for the first time. The Stieren Center also contains the museum store, a reception hall, an indoor sculpture gallery, four additional galleries, a 225-seat lecture hall and two learning centers. French architect Jean-Paul Viguier served as the project’s lead architect; Texas-based TBG designed the outdoor sculpture garden and other exterior features. New York-based Paratus Group served as project manager, and San Antonio-based Ford Powell & Carson served as executive architect.