PEARLAND, TEXAS — HFF has closed the sale of SouthWind, a 312-unit multi-housing complex in the Houston of Pearland. HFF marketed the property on behalf of the seller, a TIC ownership group managed by Joseph and Henry Mandelbaum of RealTax Inc. An entity owned by JMG Realty bought the complex for an undisclosed amount. SouthWind is located at 9720 Broadway St., 15 miles south of downtown Houston. The property is 95.2 percent leased with one-, two- and three-bedroom units averaging 969 square feet. Amenities include a swimming pool, hot tub, fitness center, volleyball court, clubhouse, business center and playground. The HFF team included directors Chris Curry and Tre Banks along with senior managing directors Todd Marix and Todd Stewart.
Texas
HOUSTON — Rogers-O’Brien is opening a Houston office, led by regional vice president Gregg Lynch, at 11200 Richmond Ave. The company has been active in the Houston area for a decade, building healthcare and assisted living projects. Lynch brings 27 years of management experience to the job, including 10 years in Houston. He previously led Rogers-O’Brien’s Topeka, Kansas, office.
DALLAS — Parmenter Realty Partners has sold the 196,215-square-foot Two Forest Plaza office building in Dallas to an affiliate of Encore Enterprises. Jack Minter and Creighton Stark from Colliers International represented Parameter in the transaction. Tenants of Two Forest Plaza include New York Life Insurance Co. and La Madeleine. The sale price was not disclosed. Two Forest Plaza has earned Energy Star certification and the BOMA 360 Performance Designation.
GRAND PRAIRIE, TEXAS — Amcor has leased 211,850 square feet of industrial space in Great Southwest 47 at 610 W. Trinity Blvd. in Grand Prairie, 13 miles west of Dallas. Blake Anderson and David Eseke of Cassidy Turley, along with Greg Kloiber of Top Gun Advisors, represented Amcor. Jeff Folkmann represented the landlord, Prologis, internally.
GARLAND, TEXAS — LaBodega Meat has renewed its lease of 96,000 square feet at Logistics Pointe/Garland for another 15 years. The wholesale grocery and meat business will remain at 2600 McCree Road in Garland, adjacent to Interstate 35. Westmount Realty Capital, which owns the property, and LaBodega together will make an investment of nearly $10 million during the next two years in improvements and new bakery equipment. David Sours and Kevin Kelly of CBRE represented the tenant.
NEW BRAUNFELS, TEXAS — Brasfield & Gorrie has completed the $120 million Resolute Health hospital in New Braunfels. The hospital spans 364,000 square feet in four stories, including 22 emergency exam rooms, trauma rooms, operating rooms, intensive care units and neonatal care rooms. Construction started in June 2012. The hospital sits on a 56-acre well campus that also will include community centers, green spaces, retail shops, restaurants, a fitness center and day spa.
BURLESON, TEXAS — Kroger has purchased 13.35 acres at the Burleson Common Shopping Center at Highway 174 and FM 731 in Burleson. The grocer plans to build a 114,000-square-foot store, joining Premiere Cinemas as the anchor tenant at Burleson Commons. Other tenants in the area include Target, The Home Depot, Office Depot and CVS/pharmacy. Cullinan Properties and Burleson Commons LP sold the site to Kroger.
HOUSTON — Greystone has provided $9 million in HUD financing for two multifamily housing properties in the Houston area. Lexington Square, an 80-unit Section 8 property in Angleton, was refinanced with 30-year HUD loans. Countryside Village, a 182-unit Section 8 property in Humble, was refinanced with 35-year HUD loans. John Williams, a senior mortgage originator for Greystone, originated the loans on behalf of the owner, National Community Renaissance.
HOUSTON — Peloton Capital Partners has sold a recently renovated two-building office property in Houston’s Westchase district to Pennybacker Capitol InSite Realty Partners for an undisclosed amount. The properties total 121,700 square feet and are 80 percent occupied. Todd Casper and Mike Hassler with CBRE’s capital markets team arranged the sale. ITT Educational Service Inc. anchors the two-building asset, located at 2950 and 3030 S. Geasner near the Westpark Tollway and U.S. Highway 59.
DALLAS — Marcus & Millichap has brokered the sale of Holly Park, a 160-unit apartment property located at 9710 Military Parkway in Dallas. The property features one- and two-bedroom units located in 10 two-story buildings. The property's rentable square footage is 120,128 square feet, with an average unit size of 751 square feet. Community amenities include two on-site laundry facilities, a playground area, on-site maintenance and a courtyard. John Barker with Marcus & Millichap’s Fort Worth office represented the seller, a partnership, and the buyer, a limited liability company, in the transaction.