FORT WORTH, TEXAS — National Oilwell Varco, an oil field services component manufacturer, has completed the purchase of 340,000 square feet of industrial space located at 1010-1100 Everman Pkwy. in Fort Worth. The multiple buildings, which were sold by Raleigh, NC-based Cherokee Fund, are located on 25 acres. Walter Floyd of NAI Huff Partners represented the buyer, and John Brewer and Greg Trout of Henry S. Miller Commercial represented the seller.
Texas
AUSTIN, TEXAS — Q10 | Dwyer-Curlett’s Orange County, California office has arranged $11.3 million in financing through GE Real Estate Business Property for an Austin industrial building. The property, which houses a cold storage warehouse and distribution center, is located on 15.41 acres with 131,000 square feet of rentable space. Thomas Kenny of Q10 | Dwyer-Curlett’s Orange County office arranged the loan.
CROCKETT, TEXAS — Dallas-based Metropolitan Capital Advisors (MCA) has arranged a $2.32 million acquisition loan for Crockett Shopping Center in Crockett. The 58,050-square-foot retail center, which is located at 1007 E Loop 304, includes Dollar General Martin Home Center, Baskin’s China Buffet, Donut Shop, Tire Max, HEB Gas and Goodwill amongst its tenants.
SAN ANTONIO — Hendricks & Partners’ San Antonio office has completed the sale of Summer Place, a multifamily property located at 1474 Hillcrest Dr. in San Antonio. Local investors sold the 159-unit apartment complex to an investment group from Miami. The sale price was undisclosed. Mike Miller and Chris Ross of Hendricks & Partners’ San Antonio office represented the seller in the transaction.
DALLAS — Metropolitan Capital Advisors, a Dallas-based financial firm, has arranged a $7.85 million permanent fixed-rate loan for Henderson Commons Collection of Shops located on Henderson Avenue in the Red Hot Knox and Henderson Market areas of Dallas. The funds will be used for undisclosed renovations on the property, which was first constructed in the 1920s. Scott Lynn of Metropolitan Capital Advisors arranged the loan.
COLLEYVILLE, TEXAS — Realty Capital Corp. (RCC) has completed the sale of a 4,415-square-foot office building located in Heritage Glade Office Park in Colleyville to a local doctor. The building, located at the intersection of Highway 121 and Glade Road, is part of the park’s four-building first phase. Phase II of the project, which will add 4,400 square feet, is scheduled to begin in March. Jobi Decker of RCC represented the seller, RCC Heritage Glade, in the transaction.
SUGAR LAND, TEXAS — Colliers International’s Houston office has finalized the sale of a 53,096-square-foot office building located at 13000 Executive Dr. in Sugar Land. The building, which was built in 1995, is entirely occupied by GE Energy Group. GSL Fund 21 Sub D purchased the 5.11-acre property. Christopher Winters, Robert Parsley and Jay Kyle of Colliers International’s Houston office represented the undisclosed seller. John Wilson of GSL Industrial management represented the buyer in the transaction.
MIDLOTHIAN, TEXAS — Bishop Avenue Capital, a Dallas-based commercial real estate services provider, has arranged $11.3 million in construction and mini-perm financing for the Timber Oaks Apartments located at 700 Timber Oaks Ln. in Midlothian. The buyer, a Texas-based developer, will use the funds for undisclosed renovations on the 180-unit multifamily property. Michael Tenbusch and Denis Healy of Bishop Avenue Capital originated the loan.
HOUSTON — Cushman & Wakefield of Texas, a real estate services firm, has finalized the sale of a 30,000-square-foot warehouse located on 1.37 acres at 1209 and 1213 Maury St. in Houston. Kelley Parker, John Littman and Jon Farris of Cushman & Wakefield of Texas’ Houston office represented the buyer, Maury Lyons, Ltd. John Ferruzzo and Travis Land of NAI Houston represented the seller, 1209 Maury Street LP and 1213 Maury Street LP.
OKLAHOMA CITY — Big Industrial, a Kansas-based industrial property developer, has purchased the vacant Bridgestone Firestone plant located near the intersection of Interstate 35 and Interstate 40 in Oklahoma City. The company plans to renovate the facility, which closed in December 2006, and lease it out for general warehousing and distribution purposes to another company. The property is 2 million square feet on 310 acres, half of which is available for new construction. Eric Dienstbach of Binswanger represented both the buyer and the seller in the transaction. Terms of the sale were undisclosed.