Texas

Embrey Partners Begins Construction on Mixed-Use Development in San Antonio

by John Nelson November 14, 2014

SAN ANTONIO — San Antonio-based Embrey Partners has begun construction on a mixed-use development located at 1819 E. Sonterra Blvd. Dwell at Legacy is located near 326,455 square feet of retail space including Lifetime Fitness, Best Buy, Staples, Main Event Entertainment, Buffalo Wild Wings, Starbucks, Men’s Warehouse and a local farmer’s market. The development is scheduled to open in June 2015 with four buildings. When completed, it will include 289 apartments ranging in size from 550 square feet to 1,200 square feet with one- and two-bedroom layouts. Embrey will also manage the property once the project is complete. Dallas-based Good Fulton & Farrell is the architect. Texas Capital Bank is the lender.

November 14, 2014

NAI Houston Negotiates Sale of Industrial Property in Metro Houston

by John Nelson November 14, 2014

STAFFORD, TEXAS — NAI Houston has represented SBP-Development III Ltd. in the sale of a 15,000-square-foot, single-tenant industrial building located at 13340 Pike Road in Stafford, a suburb of Houston. John Ferruzzo, Darren O’Conor and Joshua Lass-Sughrue of NAI Houston represented the seller, SBP-Development III. Mike McMahon of REOC General Partners LLC represented the buyer, Blank Universal LLC.

November 14, 2014

Office Texas

Colliers Arranges Office Property Lease in Metro Dallas

by John Nelson November 14, 2014

PLANO, TEXAS — Colliers International has arranged the lease of office space for RamQuest, a provider of title and settlement software solutions, in Plano. RamQuest is consolidating its facilities and relocating its headquarters to International Business Park at 6111 W. Plano Parkway. The company will occupy 28,205 square feet at the new location. Daniel Rudd and Billy Vahrenkamp of Colliers International represented RamQuest in the transaction. Sean Dalton of Younger Partners represented the landlord, Billingsley Co.

November 14, 2014

Office Texas

Boxer Property Completes Office Building Renovations in Houston

by John Nelson November 14, 2014

HOUSTON — Houston-based Boxer Property has completed property renovations at 1322 Space Park, a two-story office building spanning 123,089 square feet. The space was built in 1966 and is part of a three-building complex located in the heart of the Clear Lake submarket. The property has undergone interior and exterior renovations and the new space is also dog friendly. Amenities include a dog park, outdoor courtyards and sun-shaded seating.

November 14, 2014

Multifamily Texas

Dougherty Arranges $1.8M Loan for Apartment Community in Metro Austin

by John Nelson November 14, 2014

ROUND ROCK, TEXAS — Dougherty Mortgage LLC has arranged a $1.8 million Fannie Mae loan for the acquisition of 12 Oaks Apartments, a 32-unit apartment complex in Round Rock. The 10-year loan was arranged by Dougherty’s Dallas office and includes a 30-year amortization schedule for the borrower, 105 Gattis LLC. Amenities include a courtyard, laundry facilities, on-site maintenance and a pool.

November 14, 2014

Retail Texas

Construction Begins on Harley-Davidson Dealership in Metro Dallas

by John Nelson November 13, 2014

BEDFORD, TEXAS — Construction has begun on Adam Smith’s Texas Harley-Davidson in Bedford, a suburb of Dallas. The six-acre site will be home to a 70,000-square-foot Texas flagship store for Harley-Davidson. The new building will consolidate the current three-building setup, adding more than 20,000 square feet, and will move the sales floor, service area and administrative offices into one location. Adam Smith’s Texas Harley-Davidson is already one of the top 10 Harley dealerships in the United States in terms of service, finance and sales volume. The flagship store is set to open in the fall of 2015.

November 13, 2014

Healthcare Texas

Balfour Beatty Celebrates Opening of $95.5M Hospital in Fort Worth

by John Nelson November 13, 2014

FORT WORTH, TEXAS — Balfour Beatty Construction recently celebrated the opening of Forest Park Medical Center, a new hospital in Fort Worth. Balfour Beatty worked in conjunction with Neal Richard Group and architect Perkins + Will on the project. The hospital opened to patients Nov. 3 and spans 150,000 square feet with 12 operating suites, a full-service imaging center and laboratory, 54 inpatient rooms, six intensive care units, ancillary services and vegetated roof systems. The $95.5 million project includes development of the hospital, medical office building and a 550-space parking garage.

November 13, 2014

Hospitality Texas

MCR Development Completes Hotel Renovation in Austin

by John Nelson November 13, 2014

AUSTIN, TEXAS — MCR Development LLC has completed a renovation of the 134-room Fairfield Inn & Suites by Marriott Austin Northwest located at 11201 N. MoPac Expressway in Austin. The renovation enhanced the hotel’s lobby, guest rooms and common areas with the goal of creating more open, relaxing and welcoming spaces. The lobby has been outfitted with new carpeting and furniture, while the fireplace has been removed to accommodate expanded breakfast and common areas. There is also an updated pool area with new patio and lounge furniture and the business center features new paint and furniture. The renovation is part of MCR’s strategy to enhance the guest experience and drive RevPAR growth.

November 13, 2014

Retail Texas

M&M Arranges Sale of Retail Property in Metro Houston

by John Nelson November 13, 2014

TEXAS CITY, TEXAS — Marcus & Millichap has arranged the sale of Three Palms Center, a 26,318-square-foot retail property in Texas City. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Houston-based developer. Hargrove and Miller also secured the buyer, a private international investor. Three Palms is located at 8030 FM 1765 at the corner of FM 1765 and South Amburn Road. The three-building development was completed in 2013. Tenants include A Brighter Day Childcare, Chicken Plus, KLM Food Mart, K&G 5 Star Barber College and Cricket Wireless.

November 13, 2014

Office Texas

JLL Negotiates 78,705 SF Office Lease in Metro Dallas

by John Nelson November 13, 2014

PLANO, TEXAS — JLL has negotiated a 78,705-square-foot sublease at Plano Tower, the former Encana Oil & Gas Inc. regional headquarters located in Legacy Town Center at 5851 Legacy Circle in Plano. Plano-based LegacyTexas Bank will occupy the top three floors of the building. Ben Sumner of Centurion Real Estate Partners represented LegacyTexas Bank. Greg Biggs, Doug Carignan, Torrey Littlejohn and Marc Feldman of JLL represented the sub landlord, Encana. American Realty Capital Properties owns the building. KDC Real Estate Development built the 12-story, 318,582-square-foot Class A property in 2012.

November 13, 2014

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