HOUSTON — Colliers International has brokered the lease of 144,000 square feet at an office building located at 2707 N. Loop West in Houston. CHRISTUS Health leased the office space from the landlord, Hines Interests, for an undisclosed amount. The location will serve as a corporate office for the company, which is a Catholic faith-based health system. Robert Parsley and Bill Byrd of Colliers International represented the tenant in the transaction, and Hines Interests represented itself.
Texas
FORT WORTH, TEXAS — Trammell Crow Co. has completed construction and renovations on the Andrews Women’s Hospital at Baylor All Saints Medical Center located at 1400 Eighth Ave. in Fort Worth. The four-story, 190,000-square-foot hospital will initially offers maternity services, a level III neonatal intensive care unit (NICU) and a Midwife Center. Services will soon expand to include gynecological care. Along with its current medical facilities, the hospital also features retail stores, a spa and a Starbucks Coffee. Page Southerland Page provided planning, design and construction administration for the $95 million project.
LEAGUE CITY, TEXAS — CB Richard Ellis (CBRE) has finalized the sale of 24 acres located at the corner of State Highway 96 and South Shore Boulevard in League City. Raymond R. Betz Interest Inc. purchased the land from Centerprise Group Retail Fund for an undisclosed amount. The buyer plans to develop and sell the land, which is situated adjacent to an 84,000-square-foot Kroger grocery store and near the site of new high school and elementary school developments. Simmi Jaggi and Elizabeth Clampitt of CBRE represented the seller in the transaction, and the buyer represented itself.
HOUSTON — M.J. Spoor & Co. has arranged approximately $5.4 million in financing for the acquisition of Stoneriver Apartments located at 8901 Bissonnet St. in Houston. The 324-unit multifamily property includes amenities such as an access gate, covered parking, a pool area, laundry facilities and a tennis court. Both the buyer and seller of the Class C apartment property were undisclosed.
WACO, TEXAS — SWB Heritage Square Partners (SWB) has selected Humphreys & Partners Architects to provide architectural services for the developer’s student living facility within a mixed-use project located at South Third and South Fourth streets in downtown Waco. The student-housing complex, which is located within the approximately 166,000-square-foot Waco Town Center project, will be a four-story facility. Amenities at the complex will include a computer/business center, a fitness center, on-site parking and direct access to the Baylor University shuttle route. Construction begins this spring on the project with a scheduled completion date of fall 2009. Campus Advantage will provide management services for the complex when it opens.
HOUSTON — Arbor Commercial Funding (Arbor) has arranged $50.1 million in acquisition financing for Broadway Square Apartments located at 8601 Broadway St. in Houston. The loan was arranged on behalf of the buyer, Post Investment Group, which purchased the property from a private developer. Broadway Square Apartments is a 2,469-unit complex built on 69 acres. The 5-year loan, which is on a 30-year amortization schedule, was originated by Alex Kaushansky of Arbor’s New York City office. The loan was arranged through Fannie Mae DUS.
HOUSTON — CB Richard Ellis has finalized the sale of a 31,137-square-foot office/industrial building located at 6040 Rookin St. in the Highway 59/Highway 90 industrial submarket of Houston. Fugro Properties purchased the property from Price Toole Co. for an undisclosed amount. Lee Jeane of CB Richard Ellis represented the buyer in the transaction, while Kyle Roberts of NAI Utah Commercial Real Estate represented the seller.
FORT WORTH, TEXAS — NAI Huff Partners has finalized the sale of an industrial facility located at 4015 W. Vickery Blvd. in Fort Worth. Durango Doors purchased the 24,200-square-foot building from a private party for an undisclosed amount. Frank Jester of NAI Huff Partners represented the buyer in the transaction, and Ryan Matthews of The Staubach Company represented the seller.
DALLAS, HOUSTON, SAN ANTONIO AND FORT WORTH, TEXAS — Capmark Finance has originated approximately $185 million in fixed-rate, permanent financing for the acquisition of the Internacional Portfolio. Triden Sunbelt Portfolio LLC acquired the 10-property multifamily portfolio. The garden-style properties are located in and around Dallas, Forth Worth, San Antonio and Houston. The Internacional Portfolio properties total 3,041 units and approximately 2.68 million square feet, and were 93.5 percent occupied at the time of sale. Mike Bryant of Capmark Finance’s Dallas office originated the loan through Capmark’s Freddie Mac program.
MISSOURI CITY, TEXAS — Fort Bend Independent School District trustees voted to purchase 62 acres for a new high school to be located just east of Sienna Parkway near Sienna Plantation in Missouri City. The school district purchased the land for $3.4 million, and Dallas-based Hillwood Residential will develop the high school and an adjacent tract of 15 acres for a future elementary school. Construction will begin this summer with a completion date of August 2010.