Texas

Methodist-Physicians-PlazaII-San-Antonio

Rendina Acquires On-Campus MOB in San Antonio

by Haisten Willis May 21, 2015

SAN ANTONIO — Rendina Healthcare Real Estate has acquired Physicians Plaza II, a 63,905-square-foot medical office building on the campus of the Methodist Specialty & Transplant Hospital (MSTH) in San Antonio. The facility is located within the 900-acre South Texas Medical Center. Rendina’s immediate plans for the property include suite and common area renovations. MSTH, which has direct access to Physicians Plaza II via a covered walkway, is home to the Texas Transplant Institute, the busiest kidney transplant program in Texas and among the top 10 in the nation.

May 21, 2015

Sperry Van Ness/Visions Commercial Arranges Sale of Retail Center in Metro Dallas

by Haisten Willis May 21, 2015

FORNEY, TEXAS — Bloomfield Frontline Forney Commercial Retail LLC has purchased a retail center located at 104 and 108 E. U.S. Highway 80 in Forney. Bloomfield is a syndication partnership set up by managing partners and promoters Steve Fithian with Sperry Van Ness/Visions Commercial and Thomas Wilson with Wilson Investment Properties. Forney Group Ltd. sold the retail center to Bloomfield for an undisclosed price. Sean Byrne with the Byrne Co. represented the seller, while Fithian represented the buyer. Sperry Van Ness/Visions Commercial will manage the retail center, which is located on 3.5 acres on the westbound U.S. Highway 80 Frontage Road just before Pinson Road (FM 740.) Forney is a suburb 19 miles east of downtown Dallas. Phase I of the retail center was built in 2006 and Phase II was built in 2008. Current tenants include 20/20 Sight, Time Out Sports Café, Merle Norman Cosmetics, Peak Physical Therapy, Angels Care Home Health, My Spa, H&R Block, Conaway Homes and Forney Family Dentistry. According to the Forney Economic Development Corp., Forney is the 15th-fastest growing town in the DFW area and has experienced 225 percent population growth since 2000.

May 21, 2015

Mixed-Use Retail Texas

J. Beard Arranges Sale of Development Tract in Metro Houston

by Haisten Willis May 21, 2015

MAGNOLIA, TEXAS — The J. Beard Real Estate Co. has arranged the acquisition of an 11-acre development tract at the northeast corner of Research Forest Drive and Egypt Lane in Magnolia, a suburb of Houston. Egypt Land Developments purchased the land for mixed-use retail, medical and commercial development.

May 21, 2015

Loans Office Texas

HFF Secures Refinancing for Three Dallas Market Center Buildings

by Haisten Willis May 21, 2015

DALLAS — HFF has secured financing for three buildings totaling 3.3 million square feet in the Dallas Market Center. HFF worked on behalf of Crow Holdings to secure the loan for the World Trade Center and Dallas Trade Mart through Goldman Sachs Mortgage Co., and the financing for the International Trade Plaza through Commercial Bank. Composed of the World Trade Center, Dallas Trade Mart, International Trade Plaza and Market Hall, the 110-acre Dallas Market Center (DMC) is the largest wholesale market center in the world, totaling more than 5.5 million square feet. More than 1,200 tenants in categories including women’s, men’s and children’s fashion and accessories, jewelry, lighting, rugs, home accents and toys rent space in the DMC buildings. The buildings are located at 2000, 2050 and 2100 Stemmons Freeway (Interstate 35) in northwestern Dallas close to Dallas-Love Field airport. Market Hall is not included in the financing. Jody Thornton, Andy Scott, Jim Curtin and Gay Thomas led the HFF debt placement team representing the borrower.

May 21, 2015

Industrial Texas

Hilti to Occupy 65,000 SF Industrial Space in Metro Dallas

by Haisten Willis May 20, 2015

IRVING, TEXAS — Hilti Inc. has signed a lease to occupy space at Parc Royal, an industrial property located on West Royal Lane in Irving. Hilti, a supplier of specialized tools and fastening systems for the construction industry, will lease 65,000 square feet of industrial space in Building 4 with an anticipated occupancy date of June 1. The 30-acre, four-building, 511,600-square-foot industrial park, completed in December 2014, is located in the DFW Airport submarket. Blake Kendrick of Stream Realty Partners represented the landlord, Jackson-Shaw, while Forshey Hoobler with JLL represented Hilti. Jackson-Shaw partnered with GID Investment Advisor LLC, a Boston-based real estate investment company, to develop the property. Texas Capital Bank provided the construction financing for the project. Mycon General Contractor Inc. was the general contractor, and GSR Andrade Architects was the architect.

May 20, 2015

Loans Office Texas

NorthMarq Capital Arranges $16.4M Refinance of Office Property in San Antonio

by Haisten Willis May 20, 2015

SAN ANTONIO — Bryan Leonard of NorthMarq Capital’s San Antonio office has secured the $16.4 million refinance of The Terrace at Concord Park, a 161,563-square-foot office property located at 607 and 777 E. Sonterra Blvd. in San Antonio. The transaction was structured with a 10-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with Nationwide Insurance. The property’s tenant roster includes State Farm, Wells Fargo, Schlumberger and Ryland Homes.

May 20, 2015

Multifamily Texas

M&M Arranges Sale of 9,611 SF Net-Leased Property in Metro Dallas

by Haisten Willis May 20, 2015

IRVING, TEXAS — Marcus & Millichap has arranged the sale of Golden Corral, a 9,611-square foot net-leased restaurant located in Irving. Jason Vitorino and Jared Aubrey of Marcus & Millichap’s Dallas office procured the buyer, a private investor. Golden Corral is located at 1701 N. Belt line Road. The asset is situated on 1.5 acres south of Willow Creek Drive. Retailers and restaurants such as Popeye’s Louisiana Kitchen, Wendy’s, QuikTrip, NAPA Auto Parts and Sonic Drive-In are located near the Golden Corral.

May 20, 2015

Multifamily Texas

Panther FW Investments Purchases Apartment Complex in Houston

by Haisten Willis May 20, 2015

HOUSTON — Panther FW Investments, in partnership with a Texas-based multifamily investment group, has purchased a 671-unit apartment complex in Houston. Morgan West Oaks Apartments is located at 2400 Briarwest Blvd. Panther’s business plan is to increase rental revenue through an interior rehabilitation program and exterior improvements. Panther FW Investments LLC is a private real estate investment company based in Fort Worth. Started by Tommy Pigg, Doug Kincaid and Ben Loughry, Panther focuses on direct acquisitions and investing in third-party real estate partnerships.

May 20, 2015

Office Texas

NAI Partners Arranges 20,272 SF Office Lease in Houston

by Haisten Willis May 20, 2015

HOUSTON — NAI Partners represented Heritage Texas Properties LP in the lease renewal of 20,272 square feet of office space located at the 1177 West Loop South building in Houston. Dan Boyles Jr. and Liz Westscott-Brown of NAI Partners represented Heritage Texas Properties during the lease negotiations. Michael Sieger and Wade Bowlin of RMRG | RM Realty Group represented the landlord, Spire Realty Group.

May 20, 2015

Springhill-Suites-Marriott-Chasewood-Houston

Hospitality Texas

SpringHill Suites by Marriott Opens in Northwest Houston

by Haisten Willis May 19, 2015

HOUSTON — SpringHill Suites by Marriott Houston Northwest, located at 20303 Chasewood Park Drive in Houston, is now open. The new hotel is a 139-room, all-suite property located along Highway 249 and Chasewood Park Drive and provides access to shopping, restaurants and entertainment districts. Local attractions include Vintage Park, Willowbrook Mall, Old Town Spring, Sam Houston Race Park and University Park. MAS Lodging Capital LLC, the sponsor, is a joint venture between Oldham Goodwin and TEKMAK Development that focuses on the acquisition and development of franchised hotel assets in markets throughout Texas.

May 19, 2015

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