HOUSTON — Retail Solutions has arranged the sale of a 13,905-square-foot retail property in Houston formerly leased to Walgreens. The store, which was built in 1999, is located at 11220 Louetta Road on the city’s northwest side. Amandeep Singh of Retail Solutions represented the seller. Saqib Ali of Texas Real Estate Group represented the buyer. Other terms of sale were not disclosed.
KATY, TEXAS — Next Level Urgent Care has opened a 3,008-square-foot clinic at Y Shops Katy Fort Bend, a shopping center on the western outskirts of Houston in Katy. Ryan Dierker and Tuan Nguyen of Newcor Commercial Real Estate represented Next Level Urgent Care in the lease negotiations. David Wise with Streetwise Advisors represented the landlord, Colonial Entrepreneurs LLC.
EL PASO, TEXAS — Eaton Corp., a worldwide power management company, will open a 284,000-square-foot industrial facility in El Paso, a move that is expected to create more than 200 new jobs. Eaton’s total investment in the regional economy will be approximately $15 million. The facility is expected to open in spring 2019.
LEWISVILLE, TEXAS — Rodin Global Property Trust Inc., a REIT sponsored by Cantor Fitzgerald Investors LLC, has acquired n 89,473-square-foot industrial building in Lewisville, a northern suburb of Dallas. The sales price was $14.1 million. The property is fully leased to HOYA Optical Labs of America, a manufacturer of prescription lenses. The seller was a subsidiary of Dallas-based Mohr Capital.
BRYAN, TEXAS — Roserock Capital Group has begun work on 8872 Health Science Center Parkway, a 61,000-square-foot office project in the central Texas city of Bryan. The Class A property, which is expected to be complete by April 2019, represents Phase I of CamWest Crossing, a 45-acre office and retail project. Oldham Goodwin Group LLC is leasing and marketing the development.
SAN ANTONIO — Dougherty Mortgage has arranged a $6.7 million Fannie Mae acquisition loan for The Ridge at Bandera, a 120-unit multifamily community in San Antonio. The property features one- and two-bedroom units and amenities such as a pool, fitness center and a business center. The loan, which carries a 12-year term and 30-year amortization schedule, was arranged through a partnership with Old Capital Lending on behalf of the borrower, The Ridge at Bandera LLC.
SAN ANTONIO — Hartman Income REIT has signed a 46,041-square-foot office lease renewal with General Services Administration working on behalf of the Veterans Administration (VA) at 7411 John Smith Drive in San Antonio. According to LoopNet Inc., the property was built in 1983. Kacie Skeen internally represented Hartman, the landlord, in the lease negotiations.
HOUSTON — French investment bank Natixis has provided a $147.2 million floating-rate loan for the refinancing of San Felipe Plaza, a 46-story office tower located in the Galleria/Uptown area of Houston. The Class A, 980,473-square-foot property was built in 1983 and renovated in 2015. Amenities include a fitness center, multiple onsite dining options, a conference center, dry cleaner and a Starbucks. Susan Hill of HFF arranged the loan on behalf of the borrower, a subsidiary of Parkway Inc.
DALLAS — Kaizen Development Partners will develop The Link at Uptown, a 22-story, 300,000-square-foot office building that will be located at the intersection of Olive and Akard streets in Uptown Dallas. Designed by BOKA Powell, the property will feature two restaurants, a fitness center, conference center, golf simulators and other outdoor terrace amenities. Demolition of existing buildings on the site is planned for next summer, with vertical construction immediately following. The target completion date is fall 2021.
FARMERS BRANCH, TEXAS — Miami-based Southern Glazer’s Wine & Spirits of Texas, a distributor of alcoholic beverages, has signed a 96,617-square-foot industrial lease renewal at 13755 Diplomat Drive in Farmers Branch, a northern suburb of Dallas. The brokerage firms were not disclosed, but the owner of the property is ML Realty Partners LLC, an investment firm with offices in Dallas and Itasca, Ill.