HOUSTON — Marcus & Millichap has negotiated the sale of Chez Orleans Apartments, a 23-unit multifamily community located at 7065 Bellfort in Houston. The property was built in 1864 and spans a total of 21,120 square feet. Robert Su and Gannon Baird of Marcus & Millichap’s Houston office represented the buyer and secured the seller in the transaction. A Texas-based investor acquired the property.
Texas
DENTON, TEXAS — Granite Properties is currently developing Phase I of Granite Point Business Park, a planned 1 million-square-foot industrial development located at the southwest corner of Interstate 35 East and 35 West in Denton. The first phase of the project comprises a 145,000-square-foot building and 152,200-square-foot building. Amenities will include 24-foot clear height, ESFR sprinklers, rear loading and office space.
HOUSTON — Marcus & Millichap has handled the sale of Richmond Office Building, a 53,140-square-foot office building in Houston. The property, which was built in 1982, is situated on 2.34 acres of land at 11222 Richmond. Brent Smith and Lucas Daniels of Marcus & Millichap’s Houston office represented the seller, a Houston-based private investor. Smith and Daniels also secured and represented the buyer, a Houston-based LLC.
HOUSTON — BMC Capital recently provided $1.7 million in financing for the acquisition of 4240 Highway 6 Retail, a retail property in Houston. The six-unit multi-tenant development is located at 4240 Highway 6. Keith van Arsdale of BMC Capital’s Houston office arranged the fixed-rate loan.
DALLAS — Post Properties has broken ground on Post Frisco Bridges, a new 5-acre mixed-use development located off of the Dallas North Tollway in Dallas. Phase I of the project, which is positioned within the Champion Partners’ master-planned Sierra Frisco development, will feature 269 luxury apartment units and approximately 29,000 square feet of retail space. The residential portion will house one- and two-bedroom units with amenities including a pool, an outdoor fireplace, a fitness center, an Internet café and two landscaped courtyards. The first units will be available in the fourth quarter of 2008.
KELLER, TEXAS — Staubach Retail recently negotiated the disposition of Stone Glen Village, an approximately 27,000-square-foot retail center in Keller. The development, which is located at FM 1709 and Bourland, comprises retail shops and restaurants. Lynn Dowdle of Staubach Retail represented the seller, Keller/1709 Retail.
HOUSTON — Marcus & Millichap has handled the sale of Jones Road Professional Building, a 12,175-square-foot office building in Houston. The property, which was built in 1992, is situated on 1.09 acres at 12850 Jones Rd. Brent Smith and Tanner McGraw of Marcus & Millichap’s Houston office represented the seller, a Texas-based limited partnership. An Oregon-based private investor acquired the asset.
HOUSTON — Houston-based Cameron Management has purchased Minute Maid Building, an approximately 350,899-square-foot office building in Houston, from The Coca-Cola Co. The 12-story property, which is located at 2000 St. James Place in the Galleria area of the city, was constructed in 1978 on a 6.23-acre tract of land. Amenities include a fitness center, a full-service cafeteria, green space and 1,230 parking spaces. The Coca-Cola Company will continue to lease approximately 150,000 square feet currently occupied by its Minute Maid division until next year.
PLANO, TEXAS — Haggard Property Group has begun the development of Windhaven Place One, a 200,522-square-foot office project located in Plano. The eight-story development is located in the southeast quadrant of Windhaven Parkway and the Dallas North Tollway and is scheduled for completion in 2009. Amenities will include a two-story atrium lobby, a 24/7 energy management system and an electrical backup generator. On-site management will be provided by Double H Realty Services.
PASADENA, TEXAS — Marcus & Millichap recently negotiated the disposition of Garner Villa Apartments, a 63-unit multifamily community located at 403 Garner Rd. in Pasadena. Robert Su of Marcus & Millichap’s Houston office represented the buyer, an Anaheim, Calif.-based partnership.
Older Posts