SUGAR LAND, TEXAS — Curtice Commercial Real Estate has completed the framing of the new 30,000-square-foot Founders Bank Plaza. Located at the southeast corner of Sweetwater and Lexington boulevards in the First Colony master-planned development in Sugar Land, the office/banking center will be anchored by Founders Bank. Jim McGregor and Charles Browne of Browne Penland McGregor Stephens Architects designed the building; Crossmark Commercial Construction LC is the general contractor. Founders Bank Plaza, which is scheduled to open in late summer, currently has space between 1,500 and 12,000 square feet for lease.
TEXAS — Atlanta-based GreenbergFarrow is overseeing the rollout of new locations for Carl’s Jr. restaurants in Texas and California. GreenbergFarrow’s development services division is guiding the expansion program for the restaurant, which currently has more than 1,100 restaurants in 14 states and six countries. The firm also will provide architecture, civil engineering and site planning services for the new restaurant locations.
DESOTO, TEXAS — Dan Spika and Mark Hajdu of Henry S. Miller Commercial have represented James McNatt in the sale of a 5.38-acre site in DeSoto. An existing 11,000-square-foot auto showroom is located on the site, which sold to OTCC Properties LLC. The buyer plans to house a new pre-owned car lot on the property.
WACO, TEXAS — Caterpillar Inc. will break ground this month on a more than 500,000-square-foot facility in Waco. Located at 2901 Gateway Blvd., the distribution center will employ between 140 and 180 people upon completion and will provide primary aftermarket parts support to six Caterpillar dealers in North America.
HOUSTON — Patrick Whitney of Marcus & Millichap’s Fort Worth, Texas, office, along with Joshua Lass-Sughrue and Jason Ridenbaugh of the firm’s Houston office, have facilitated the sale of a Diabetes America building in northwest Houston. The 16,000-square-foot, single-tenant medical office facility was acquired by a Chicago-based private investor. A private partnership based in Dallas sold the Class A building, which is located adjacent to Houston’s Cypress Fairbanks Medical Complex.
AMARILLO, TEXAS — McCartt & Associates, Commercial Real Estate Services has joined the Sperry Van Ness network and now operates at Sperry Van Ness/McCartt & Associates. The Amarillo-based firm comprises five brokers and is located at 600 S. Tyler.
FORT WORTH, PLANO AND CROWLEY, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged a $28.9 million floating-rate mortgage loan, along with a $3.25 million mezzanine loan, for the acquisition of three shopping centers in Fort Worth, Plano and Crowley. The trio of Kroger-anchored shopping centers, Village at Los Rios, Altamesa and Stone Gate Plaza, were 96 percent leased at the time of sale. The loan was arranged on behalf of Margaux Development, which used the funds to recapitalize the partnership and buyout an existing partner.
IRVING, TEXAS — ORIX Real Estate Capital, a Chicago-based company, has provided $18.5 million in first-mortgage financing for the construction of a hotel to be located at the northwest corner of Royal Lane and Sierra Drive in Irving. The loan was provided to Atlanta-based NYLO Hotels LLC, which will build a 200-room, loft-style hotel within the master-planned community of Las Colinas. The hotel is currently under construction and is scheduled to open in May 2009. Amenities at the hotel will include a 3,000-square-foot ballroom, 6,000 square feet of special event space, a fitness center, a pool, a restaurant-bar and a business center. Mike Huffman and Steve Waryas of ORIX Real Estate Capital arranged the loan.
AUSTIN, TEXAS — Dallas-based Henry S. Miller Commercial has brokered the purchase of South Lamar Business Park, a retail center located at 1700 S. Lamar Blvd. in Austin. A private Austin investor purchased the 53,000-square-foot property, which is situated on approximately 4.4 acres, from an undisclosed seller. John Collins IV of Henry S. Miller Commercial, Land Division of Dallas represented the buyer in the transaction.
HURST, TEXAS — Marcus & Millichap has completed the sale of E-Z-Go Textron Industrial Building located at 745 W. Hurst Blvd. in Hurst. A private, out-of-state buyer purchased the property from a Bakersfield, Calif.-based investor for an undisclosed amount. The building, which was constructed in 1975, is situated on approximately 9 acres. Preston Shatto of Marcus & Millichap’s Houston office represented the buyer in the transaction.