SAN ANTONIO — San Antonio Commercial Advisors (SACA), an independently owned and operated member of the Cushman & Wakefield Alliance, has arranged the sale of 4702 Goldfield Drive, an industrial building in northeast San Antonio. Local grocery chain HEB purchased the asset for an undisclosed price. SACA’s Ed Cross and Zach Dobin represented the seller of the 80,000-square-foot manufacturing facility.
CROSS ROADS, TEXAS — Alex Payne with Axis Realty Group and Everett Newland with Newland Real Estate represented Denton Fireman’s pension fund in the purchase of The Village at Cross Roads, a new 24,000-square-foot, Class A retail center in Cross Roads. Northbridge Management & Consulting, a commercial property management company owned by Axis Realty Group, will manage the asset moving forward.
CARROLLTON, TEXAS — Global colocation solutions provider CyrusOne has expanded its Carrollton data center with the recent completion of a new data hall, adding nearly 60,000 square feet and 4.5 megawatts of power capacity. The company’s Carrollton data center is the largest facility of its kind in the state, featuring a 670,000-square-foot campus. The Carrollton data center also houses the infrastructure and 911 dispatch center for Carrollton, Coppell, Farmers Branch and Addison, Texas. The communities have consolidated 911 dispatch services to form the North Texas Emergency Communications Center (NTECC).
AUSTIN, TEXAS — Howard Michaels of Carlton Strategic Ventures and Avery Modlin of The Modlin Group have negotiated the sale of Dobie Center to Fowler Property Acquisitions LLC. Located in Austin, Dobie Center is the largest privately owned student dormitory at the University of Texas at Austin. The property consists of a 27-story glass and steel residential tower, a 90,000-square-foot retail mall and a six-story, 250,000-square-foot, above-grade parking garage. Brian Kelly of HFF was the broker on the transaction. The Carlton Group’s general counsel Daniel Bildner closed the transaction along with Larry Haber of Abrams Garfinkel Margolis Bergson LLP. Dobie Center is located next to the University of Texas at Austin campus, opposite the soon-to-be-completed 458,000-square-foot McComb’s Business School.
AUSTIN, TEXAS — Karlin Real Estate has sold a 302,604-square-foot industrial building located at 13201 McCallen Pass in north central Austin to General Motors. GM acquired the building to complement its existing Austin IT Innovation Center at 717 E. Parmer Lane. The facility is located within Sector 6, the first phase of the 400-acre master planned technology and office park being developed by Los Angeles-based Karlin and Dallas-based Trammell Crow Co. Previously occupied by Dell Inc., Sector 6 comprises three existing institutional quality industrial buildings totaling approximately 1 million square feet. All three buildings have been leased or sold. Sector 6’s Other tenants include Allergan, Brown Traffic and Marco Fine Arts. Trammell Crow is completing the first phase of new construction at PARMER, a three-story, 192,000-square-foot office building and has plans to break ground on an identical building later this year. Both buildings are designed for single- or multi-tenant occupancy, and will feature 64,000-square-foot floor plates. PARMER is currently zoned for several million square feet of office, industrial, hotel and retail uses. The development will feature a central amenity area that will include covered outdoor dining and seating areas, extensive hardscape improvements, miles of jogging/walking paths and Wi-Fi enabled social …
DALLAS — Hunton & Williams, a corporate law firm, has signed a long-term lease extension at the downtown Dallas skyscraper known as Fountain Place, according to Goddard Investment Group. The 58-story glass building is located in the Dallas Arts District, a hub of performing arts, dining and entertainment venues. Johnny Johnson and Lauren Napper of DTZ represented the landlord in the transaction. Larry Toon, Elizabeth Cooper, Jeremy McGowan and Brad Selner of JLL represented the tenant in the 88,000-square-foot lease.
PLANO, TEXAS — Pierson Retail Advisors (PRA) has arranged the sale of Ruisseau Village, a 124,567-square-foot shopping center. The property is located at the northwest corner of West Parker Road and North Central Expressway in Plano. PRA represented the seller, West Plano Retail LLC, in the transaction. A California-based buyer purchased the asset for an undisclosed price. Jennifer Pierson and Beth Pierson of PRA’s Dallas office arranged the sale.
DENTON, TEXAS — Brian Gramlich of BMC Capital’s Dallas office has arranged a $2.6 million acquisition loan for a 55-unit multifamily property located in Denton. The loan featured an 80 percent loan-to-value ratio, a seven-year term, 4.75 percent interest rate and a 30-year amortization schedule. The loan was arranged through one of BMC Capital’s correspondent banking relationships.
DALLAS — NAIOP has selected Majestic Realty Co. as its 2015 Developer of the Year. Headquartered in Southern California, with regional offices throughout the United States, Majestic is the largest privately held industrial developer in the country. Majestic completed nine new buildings in the past year, adding more than 6 million square feet and increasing its ownership portfolio to 78 million square feet. Majestic also recently completed a 2,000-acre land acquisition in Laredo, Texas. Majestic’s services include land acquisition, entitlement, design/construction, finance, leasing and property management.
WACO, TEXAS — Marcus & Millichap has arranged the sale of The Retreat at Central Texas Marketplace, a 216-unit apartment community in Waco. Joe James and Kent Myers of Marcus & Millichap’s Austin office represented the seller and procured the buyer. The property is located at 2500 Marketplace Drive at the intersection of Interstate 35 and Loop 340/Highway 6. The Retreat at Central Texas Marketplace features amenities including controlled-access gates, perimeter fencing, a fitness center, business center, swimming pool, car wash facility, covered parking and garages. Apartments amenities include crown molding, built-in desks, wood-burning fireplaces, nine-foot ceilings, private patios/balconies and full-size washer and dryer connections.
