DALLAS — HFF has arranged a permanent loan for Lakewood Shopping Center, a 65,674-square-foot retail center in Dallas. HFF worked on behalf of the borrower, Lincoln Property Co., to secure the 15-year, fixed-rate loan through Aegon USA Realty Advisors LLC. Lakewood Shopping Center is located at 6400 Gaston Ave. on 4.3 acres near the Lakewood neighborhood. The center was completed in 1946 and renovated in 2012. The property is 91 percent leased to tenants including CVS Pharmacy, Sport Clips, RadioShack, Unleashed by Petco and Liberty Burger. Travis Anderson, Adam Herrin and Cory Fowler of HFF represented the borrower.
LAGO VISTA, TEXAS — BMC Capital’s Austin office has arranged for a $5.5 million refinancing loan for Lago Vista Town Center, a 62,093-square-foot shopping center in Lago Vista. Lowe’s Grocery and Ace Hardware anchor the shopping center, which is 20 miles northwest of Austin. The loan features a seven-year fixed rate of 4.5 percent and a 20-year amortization schedule. Hank Crane of BMC arranged the loan through one of BMC Capital’s correspondent banking relationships.
THE COLONY — Rapid Med Urgent Care Center has leased 6,692 square feet of retail space in Colony Plaza Retail, a retail center located at 3800 Main Street at Memorial Drive in The Colony. Matthew Rosenfeld of The Weitzman Group’s Commercial Retail Division handled negotiations as tenant representative for the urgent care center. Rapid Med offers primary care, urgent care, occupational medicine, concussion care management, vaccinations and other services. The company plans to open two more locations in the next six to nine months.
SAN ANTONIO — An unnamed buyer has purchased the 648-acre Black Buck Ranch in northwest San Antonio. The property will be developed into a master-planned community and features elevated land with views of downtown San Antonio and the surrounding area. The property borders the Palmira & Anaqua Spring Ranch developments. Taylor Schmidt and Reed Vestal of TNRG represented the buyer. Asher Reilly of Land Advisors Organization represented the seller.
MISSOURI CITY, TEXAS — Coldwell Banker Commercial united Realtors has arranged the sale of a 22,203-square-foot shopping center located on three acres at 4225 Sienna Parkway in Missouri City. The center, called Market at Bees Creek, is located just south of Houston. Mark McGinley of Coldwell Banker represented the seller. James Lee of Gulf South Investments represented the buyer, a local investment group.
FORT WORTH — Norwood Land Services will relocate in mid-October to the Oncor Building in downtown Fort Worth from the city’s west side. Norwood has leased 7,920 square feet on the 13th floor of the 300,347-square-foot building, which is located at 115 W. 7th St. The lease brings the building’s occupancy to 94 percent. Casey Tounget of Coldwell Banker Commercial Alliance’s Dallas office represented the landlord, Benbrooke Electric Partners LLC. Bill Tinsley of Ellis & Tinsley Inc. represented the tenant. Norwood is moving from its current location at 6421 Camp Bowie Blvd.
MCALLEN, TEXAS — Conn’s Inc. has signed a new lease for a 353,602-square-foot distribution center located at 6900 International Parkway in McAllen. Bob Crenshaw, Chuck Berger, David Chew and Paul Douglass of Newmark Grubb Knight Frank represented the owner, Worthington Property Investments LLC, in the negotiations. Billy Gold of CBRE’s Houston office represented the tenant. The facility is located near U.S. Expressway 83 and the Anzalduas International Trade Bridge. Conn’s is an electronics, home appliance and furniture retailer with 11 locations across Texas.
FORT WORTH — Three national retailers have moved into Alliance Town Center, a retail center in Fort Worth owned by Trademark Property Co. Designer Shoe Warehouse (DSW), Men’s Wearhouse and Sleep Experts have all opened at the 1 million-square-foot center. DSW is leasing 15,000 square feet, Men’s Wearhouse is leasing 5,500 square feet and Sleep Experts is leasing 4,500 square feet. Alliance Town Center includes a total of more than 130 retailers, restaurants and entertainment options. Anchor tenants include Belk, Dick’s Sporting Goods, JCPenny, Best Buy, Cinemark Theaters and Kroger Marketplace.
AUSTIN — Mesa West Capital has provided CapRidge Partners with $12.6 million in first mortgage debt to finance the acquisition and lease up of Canyon at Wild Basin, a 74,580-square-foot Class A office complex in Austin. Boston-based Intercontinental Real Estate Corp. was the seller. The three-story building was built in 1999 and is located at 115 Wild Basin Road with highway frontage along Loop 360. The building was 81 percent leased at the time of sale, with tenants including Cloud 8 Sixteen, Alliance Association Management Inc. and Powell & Leon. Andy Scott and Jim Curtin of HFF’s Dallas office arranged financing for the transaction.
EL PASO, TEXAS — AIC Ventures, a private real estate investment fund manager, has acquired a 115,000-square-foot industrial facility leased to Austin Foam Plastics in El Paso. The company designs, manufactures and supplies protective packaging for product manufacturers. Sonny Brown Associates LLC represented the seller. The name of the buyer was not released.