Texas

Tyler’s Leases 17,274 SF for First Fort Worth Location

by Haisten Willis April 10, 2015

Fort Worth, Texas —Tyler’s will open a 17,274-square-foot store at the Trademark Property Co.’s WestBend mixed-use development in Fort Worth’s University District. Slated to open in early 2016, the regional retailer will bring athletic, lifestyle and collegiate apparel, footwear, eyewear and accessories to WestBend. It’s the company’s first location in Fort Worth and seventh statewide. Tyler’s will join the line-up of current WestBend tenants, including Zoë’s Kitchen, East Hampton Sandwich Co., and Silver Fox. In addition, The Fresh Market is slated to open this summer, and Grimaldi’s Coal-Brick Oven Pizzeria is slated to open this fall at the development. Upon completion in fall 2015, WestBend will include 280,000 square feet of retail, dining and office space.

April 10, 2015

MCR Completes Renovation of The Residence Inn By Marriott in Killeen

by Haisten Willis April 9, 2015

KILLEEN, TEXAS — MCR Development LLC has completed a renovation of the Residence Inn by Marriott Killeen, a 109-suite hotel located at 400 E. Central Texas Expressway in Killeen. The hotel’s renovation featured furniture upgrades and fresh paint throughout the lobby, meeting spaces and in all guest suites. In addition, a communal table was installed in the lobby that guests can use to gather and socialize. All new beds were added to each guest room as well as an amenity shelf in each suite’s bathroom. Residence Inn by Marriott Killeen is located five miles from Fort Hood, a military base, and in proximity to Belton Lake Outdoor Recreation Area, Texas Thunder Speedway, Killeen Mall and Stone Tree Golf Club. All guest suites feature kitchens with separate living areas and 32-inch TVs. Hotel amenities include an outdoor swimming pool, a barbecue and picnic area and free high-speed Internet.

April 9, 2015

Loans Multifamily Texas

LMI Capital Arranges $11M for Refinance of Apartment Complex in Metro Houston

by Haisten Willis April 9, 2015

SUGAR LAND AND MISSOURI CITY, TEXAS — Brandon Brown of LMI Capital has arranged $11 million in debt for the refinance of a garden-style apartment complex in the Sugar Land/Missouri City submarket of Houston. Brown secured the 10-year, fixed-rate Fannie Mae loan, which will provide cash out proceeds , on behalf of the unnamed borrower. A portion of the cash out was earmarked for interior and exterior property upgrades. The non-recourse loan features a 4.2 percent interest rate and a 30-year amortization schedule.

April 9, 2015

Loans Multifamily Texas

Pillar Arranges $9.2M Loan for Multifamily Property in Metro Dallas

by Haisten Willis April 9, 2015

FRISCO, TEXAS — Pillar has arranged a $9.2 million Fannie Mae acquisition loan for Stonebrook Village, a multifamily affordable housing property. Stonebrook Village includes one-, two- and three-bedroom apartment units located in Frisco. The property was developed in 1994. Marc Cesare of Pillar’s Dallas office originated the fixed-rate, 10-year term loan with a 30-year amortization schedule. Stonebrook Village is located near the North Dallas Tollway and just north of the new Dallas Cowboys world headquarters scheduled for completion in 2016.

April 9, 2015

Retail Texas

M&M Arranges Sale of Retail Property in Metro Houston

by Haisten Willis April 9, 2015

LEAGUE CITY, TEXAS — Marcus & Millichap has arranged the sale of Centre At South Shore Harbour, a 28,150-square-foot retail property located in League City. Matthew Mignerey and Derek Hargrove of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a limited liability company. Mignerey and Hargrove also secured and represented the buyer, a private investor. Centre At South Shore Harbour is located at 2800 Marina Bay Drive.

April 9, 2015

Office Texas

Caddis Sells Southwest Medical Portfolio to Griffin-American Healthcare REIT III

by Haisten Willis April 9, 2015

DALLAS AND HOUSTON — Caddis has sold its southwest medical office building portfolio to Griffin-American Healthcare REIT III Inc. The portfolio, totaling 182,528 square feet, includes two medical office buildings located in metro Houston, one medical office building in metro Dallas in addition to a hospital/medical office building complex in Durango, Colo. The Texas properties include Winding Way Medical Plaza, a two-story, 27,405-square-foot building, which was built in 2008 and is located in Friendswood. It is 92 percent occupied. Memorial Hermann is the anchor tenant; South Texas Medical Clinic, a two-story, 55,000-square-foot medical office building located in Wharton. It is fully leased to Memorial Hermann Medical Group. Services in the building include family practice, internal medicine, obstetrics/gynecology, neurology, radiology and a lab and pharmacy. It was built in 1987; Keller Medical Plaza, a 31,070-square-foot, retail-style building, which was completed in 2011 in Keller. It is 94 percent leased, primarily to Texas Health Resources (THR) and THR affiliates, including anchor primary care and sports medicine tenants.

April 9, 2015

Industrial Texas

Trammell Crow Co., Artis REIT Acquire 127 Acres in Metro Houston

by Haisten Willis April 8, 2015

MISSOURI CITY, TEXAS — Trammell Crow Co. and partner Artis REIT have acquired two land tracts totaling 127 acres in Missouri City. The partnership plans to develop a new, Class A industrial business park called Park 8Ninety, which will accommodate more than 1.7 million square feet of build-to-suit or speculative office/warehouse, distribution and manufacturing space. Construction on the first phase of Park 8Ninety, which will include three buildings totaling over 330,000 square feet of industrial space, is expected to begin in Summer 2015, with completion scheduled for Spring 2016. The property is located at the south corner of U.S. Highway 90A and Beltway 8 (Sam Houston Parkway), 20 miles southwest of downtown Houston. Barney Van Huss represented the seller, Ellis Management, which sold a 75-acre parcel. Ron Dagley of The Betz Cos. represented a local investment group, which sold an adjacent 52-acre parcel. Bo Pettit and Alexander Reilly of Boyd Commercial LLC/CORFAC International represented Trammell Crow Co. and Artis REIT in the acquisition.

April 8, 2015

Industrial Texas

McCarthy Breaks Ground on Houston METRO Harrisburg Overpass

by Haisten Willis April 8, 2015

HOUSTON — McCarthy Building Cos., and the Metropolitan Transit Authority of Harris County (METRO) have broken ground on the METRO Harrisburg Overpass project located in Houston’s East End. The project will be the final piece of METRO’s Green Line, which travels through downtown to the Magnolia Transit Center. The $27 million project will involve construction of a 2,400-linear-foot grade separation at the Houston Belt and Terminal (HBT) and Union Pacific Railroad (UPRR) railroad tracks located west of Hughes Road. It will include a bridge structure with aesthetic architectural features, two 16-foot wide vehicular traffic lanes, a 26-foot LRT guideway located in the center of the bridge structure, and two five-foot wide emergency walkways on each side of the bridge. The overpass is set to be complete in 12 months.

April 8, 2015

Office Texas

Behringer to Relocate to New Office in Metro Dallas

by Haisten Willis April 8, 2015

ADDISON, TEXAS — Behringer is relocating its corporate headquarters to Tollway Center, a 200,000-square-foot, six-story office building in Addison. The investment management firm, currently headquartered at One Addison Circle, has executed a 10-year lease for a new principal place of business located at 14300 Dallas Pkwy. The company expects the move to be completed by the third quarter of 2016. Jeff Staubach and Torrey Littlejohn of JLL represented Behringer, while JLL’s Jubal Smith and Matt Samler negotiated business and economic incentives. Tollway Center, which Cawley Partners is developing, will feature an open-air rooftop terrace, fitness center and indoor cafe. The project began in June 2014 when Cawley Partners identified six acres of land between Belt Line and Spring Valley Road on the west side of the Dallas North Tollway.

April 8, 2015

Retail Texas

Marcus & Millichap Arranges Sale of Two Properties in Metro Houston

by Haisten Willis April 8, 2015

SUGAR LAND AND SPRING, TEXAS — Marcus & Millichap has arranged the sale of two properties in metro Houston. In the first transaction, the firm arranged the sale of The Crossing at Telfair Commons, a shopping center in Sugar Land. Justin Miller and Derek Hargrove marketed the property on behalf of the seller, a local developer. Miller and Hargrove also secured the buyer, a limited liability company. The Crossing at Telfair Commons is located at 520 Highway 6. It is shadow-anchored by an HEB grocery store and adjacent to Chuy’s Mexican Food and Whataburger. In the second transaction, Marcus & Millichap arranged the sale of Ace Hardware, a 15,500-square-foot, net-leased property located in Spring. Jerry Goldstein and Kelley Workman of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Goldstein secured and represented the buyer, a partnership. Ace Hardware is located at 9001 Spring Cypress.

April 8, 2015

Newer Posts

Older Posts