Texas

forum-offices-san-antonio

SAN ANTONIO — JLL has arranged 21,119 square feet of new office leases at Forum Offices over the past 60 days. The largest deal was with GM Financial, which will occupy the first floor of Forum Three office building with 10,661 square feet. Other new tenants include CoStar Group, Guardian Mortgage Co. and HMG Engineers. JLL’s Mark Krenger, Lisa Mittel and Meredith Sheeder worked on behalf of the landlord, a partnership between Endeavor Real Estate and Long Wharf Partners, to finalize the transactions. JLL’s Pat McDowell and John Worthen represented GM Financial, Sergio Acosta of San Antonio Commercial Advisors represented CoStar Group and Scott Wolff of Transwestern represented Guardian Mortgage Co. The Forum Offices includes a three-building campus located on 16 acres in the Northwest submarket of San Antonio. The project spans over 380,000 square feet and is 91.4 percent leased. Endeavor Real Estate and Long Wharf Partners purchased the property late last year and have invested in capital improvements including a tenant training facility, fitness center, expanded Wi-Fi coverage and renovated signage and branding.

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north-eldridge-showrooms-tomball-texas

TOMBALL, TEXAS — Marcus & Millichap has brokered the sale of North Eldridge Showrooms, a 19,456-square-foot retail property located in Tomball. Ron Hebert of Marcus & Millichap’s Dallas office and Christopher Jones of the firm’s Houston office marketed the property on behalf of the seller, a limited partnership. Watt Harrison of Marcus & Millichap’s Houston office secured and represented the buyer, a limited liability company. North Eldridge Showrooms is located at 16121 N. Eldridge Parkway.

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barton-creek-apartments-austin-texas

AUSTIN, TEXAS — Grandbridge Real Estate Capital has secured a $38.9 million loan for Barton Creek Apartments, a 250-unit garden-style complex located in Austin. Mike Ortlip and Josh Davis of Grandbridge’s Charlotte office arranged the loan, which was provided by an insurance company. The loan features a seven-year term and a 30-year amortization schedule.

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AUSTIN, TEXAS — Love Funding, a provider of FHA multifamily, affordable and healthcare financing, has secured a $14.1 million loan for the refinancing of Huntington Meadows Apartment Homes, a 200-unit affordable apartment community in Austin. Love Funding’s Laura Saull-Smith secured the financing through the U.S. Department of Housing and Urban Development’s (HUD) 223(f) loan insurance program for the purchase or refinancing of existing multifamily rental housing. Using the program enabled the ownership group to lock in a fixed interest rate for a 35-year term, fund a replacement reserve and free up more than $1 million for repairs and upgrades. Decker Lane Partners LP purchased the property in 2015. It was originally built in 1998 as Gardens at Decker Lane, which drew on funding support from low-income housing tax credits (LIHTCs). Decker Lane Partners and its management company, AmeriSouth Realty, took over the property in 2011.

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cinemark-theatres-valley-ranch-town-center

NEW CANEY, TEXAS — Cinemark Theatres is planning to begin construction on a 10-screen theater in the entertainment district at Valley Ranch Town Center, a development of The Signorelli Co. Valley Ranch is a 240-acre retail district located at the intersection of I-69 and the Grand Parkway. The new theater will be Cinemark’s 13th location in the Houston area and the first new construction, all-reclining seat theater for Cinemark in metro Houston. Each auditorium will feature electric reclining seats with adjustable head and foot rests, and the theater will offer reserved seating, online ticketing and self-serve concessions. The theater is expected to be 40,000 square feet and will open in late 2017 or early 2018.

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valliance-plaza-mckinney-texas

MCKINNEY, TEXAS — SRS Distribution Inc., a roofing supply company, has signed a lease expansion for its office at Valliance Plaza in McKinney. The company will now occupy 5,452 square feet. Stephen Hemphill of Mohr Partners represented the tenant, and Heather Shover and Sean Dalton of Younger Partners represented the landlord in the leasing transaction.

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DALLAS — Colliers International has arranged the sale of Northgate III, a 95,204-square-foot industrial property in Dallas. The buildings are located at 12002 and 12092 Forestgate Drive. Lizzy Blake of Colliers represented the seller, Mountain West Industrial, and Tom Grant of Lee & Associates represented the buyer, P.S.C. Properties LLC.

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DENTON, TEXAS — Marcus & Millichap has brokered the sale of Denton Medical Office Building, a 12,892-square-foot office property located in Denton. The single-story, multi-tenant medical office building is located at 3331-3333 Colorado Blvd. Lab Corp. and Health Texas Provider Network fully occupy the space. Cody Payne and Wayne Bares of Marcus & Millichap represented the buyer and seller in the transaction. Both parties were undisclosed private investors.

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DALLAS — Workplace interior furnishings company Teknion Corp. will relocate its Dallas/Fort Worth office and showroom to KPMG Plaza at HALL Arts. The 18-story, 500,000-square-foot office tower is located in the Arts District of Dallas. The company will move into an 8,000-square-foot space designed by Vanderbyl Design on the building’s 16th floor. TVSdesign will assist Vanderbyl in the execution of the space. Kim Butler, the director of leasing at HALL Group, represented the landlord in the lease, and Jeff Eiting of CBRE represented Teknion. The company will move into its new space in spring 2017.

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