CARROLLTON, TEXAS — Carter Validus Mission Critical REIT II Inc., a Tampa-based healthcare investment corporation, has purchased Carrollton Healthcare Facility in metro Dallas. The sale price was approximately $8.5 million. The property totals 21,990 square feet and is 100 percent leased to two tenants: family medicine practice USMD PPM LLC and dermatology practice PDP of Texas PLLC.
HOUSTON — Chicago-based NXT Capital has provided a $10 million loan for the refinancing of a 133-unit apartment community in Houston. The Class A property is located near the Westchase and Galleria areas and offers amenities such as a pool, resident lounge and a fitness center. Additional terms of the transaction, the borrower and the property name were not disclosed.
FORT WORTH, TEXAS — Swedish furniture giant IKEA has nixed its plans to build a 289,000-square-foot store in Fort Worth, according to an emailed statement sent to the Dallas Business Journal. The store was slated to be part of a 478,000-square-foot development. Construction was scheduled to begin this year with the store targeting summer 2019 for opening. According to the statement and industry sources, the abandoning of the project stems from a changing retail landscape, not an issue with financing or incentives from the city.
HOUSTON — Friedman Real Estate, a full-service real estate firm that manages more than 140 commercial properties across the country, has opened a new office at 333 Cypress Run in Houston. The location will be the company’s seventh regional office and first in Texas. Mark Zeidman, vice president of brokerage services, will oversee the new office.
HOUSTON — NewQuest Properties has brokered the sale of a 4,100-square-foot office building located in the River Oaks/Montrose area of Houston. The property will serve as the new headquarters for oil and gas firm Pioneer Exploration LLC. Austen Baldridge and Brad Elmore of NewQuest represented the buyer of record, State Venture LLC, in the transaction. Mark Nicholas and Cliff West of JLL represented the seller, Canret LLC.
WICHITA FALLS, TEXAS — Bellomy & Co. has arranged the sale of Hot Shots Storage, a 198-unit self-storage facility in the North Texas city of Wichita Falls. The facility spans 21,950 square feet of net rentable space. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Dallas-based buyer in the transaction. Chris Storm of Henry S. Miller (HSM) represented the undisclosed seller.
MCKINNEY, TEXAS — Phillips Edison & Co. (PECO), an owner and operator of grocery-anchored retail centers, will build an 8,500-square-foot retail property in McKinney, a northern suburb of Dallas. Expected to be completed later this year, the property will be part of McKinney Market Street, an 88,389-square-foot shopping center anchored by Market Street, a subsidiary of Idaho-based grocer Albertsons. Tenants that have preleased space at the new development include Sport Clips, The Gelato Cone and Credit Union of Texas.
ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Landmark Village Shopping Center, a 71,915-square-foot retail center in Arlington. Situated on 5.9 acres, the property was built in 1985 and was 86 percent occupied at the time of sale. Bill Jordan of Marcus & Millichap represented the seller, a private investor, in the transaction. Other terms of sale were not released.
HOUSTON — Colliers International has arranged the sale of a 57,500-square-foot industrial property located at 14212 & 14210 Interdrive W. in north Houston. The facility was formerly leased to Newberry Bakery and will now serve as the headquarters of Celebrate Bakery Co. LLC, a wholesale bakery for the grocery sector. Gary Mabray, Jon Lindenberger and Paul Dominique of Colliers represented the seller, a private investor. Mark Martin of 2M Realty Advisors LLC represented the undisclosed buyer.
OKLAHOMA CITY — CBRE has negotiated a 41,936-square-foot industrial lease at 3228 N. Santa Fe Ave. in Oklahoma City on behalf of Spiers New Technologies Inc. a manufacturer of batteries for electric and hybrid cars. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented Spiers in the lease negotiations. Brett Price of Newmark Grubb Levy Strange Beffort represented the landlord, a private trust.