HORSESHOE BAY, TEXAS — Henry S. Miller Brokerage has arranged the sale of Baycliff Apartments, a 25-unit multifamily property in Horseshoe Bay, approximately 50 miles northwest of Austin. The complex features a lighted tennis court, swimming pool, tanning deck and putting green as well as 10 vacant multifamily lots for future expansion. The team of Lew Wood, Andrew Doster and Darden Orand of Henry S. Miller assisted the owner, Baycliff Ltd., in the disposition of the property to local investor Baycliff Apartments LLC.
Texas
HOUSTON — NAI Houston has arranged the lease of a 45,000-square-foot build-to-suit data center in Houston for TGS-Nopec, a data provider serving the oil and gas industry. The facility is part of Datacenter Park, a 300,000-square-foot master-planned development that includes three build-to-suit data centers at 12235 North Freeway in the Greenspoint submarket. NAI Houston’s Jon Silberman and Griff Bandy represented the tenant in the negotiations with designer/developer Digital Realty.
ALLEN, TEXAS — Landlord Chambers Street Properties has signed two companies to new leases for the warehouse property at 505 Century Parkway in Allen, a northern suburb of Dallas. Texas Valve & Fitting Company LLC, a developer and provider of fluid system components, will occupy a 22,400-square-foot space in the facility. Standex International Corp., a manufacturer across multiple industries including food services and hydraulics, will occupy a 33,144-square-foot space. These leases bring the 505 Century property to 100 percent occupancy.
HOUSTON — Real estate advisor DTZ represented law firm Ogletree, Deakins, Nash, Smoak & Stuart P.C. (Ogletree Deakins) in a renewal and expansion of its lease in One Allen Center, a downtown Houston office building located at 500 Dallas Street. The firm, which previously occupied 18,745 square feet of the property, will now occupy 22,515 square feet on the 30th floor. Thomas McKenzie and William Wolff, DTZ senior vice presidents, represented the tenant in the negotiations, while owner Brookfield Properties was self-represented by Paul Frazier and Margaret Sigur of Brookfield Properties. Ogletree Deakins, which specializes in labor and employment law, was founded in 1977 and operates offices in more than 40 cities. The firm opened its Houston office in 1996.
HOUSTON — Trammell Crow Residential and Prime Property Investors will break ground Friday, Sept. 6 on a garden-style apartment property called Alexan at Auburn Lakes in The Woodlands submarket of Houston. The development will consist of 256 one-bedroom, one-bath units and 90 two-bedroom, two-bathroom units. Amenities include a clubhouse with business center, kitchen, billiards and fitness center, as well as a private lake and a fully fenced dog park. The 12.5-acre site of Alexan at Auburn Lakes is located at West Rayford and Gosling roads, in close proximity to a future campus of ExxonMobil.
DENTON, TEXAS — GCC McCarthy Joint Venture II, a collaboration of mentor McCarthy Building Cos. Inc. and protégé GCC Enterprises Inc., has completed construction of the $12 million Army Reserve Center (ARC) in Denton, located approximately 40 miles north of Fort Worth. The project, which originally broke ground in April 2012, includes a 37,000-square-foot administrative and training center, an operational maintenance shop, storage buildings and support facilities. Professional Engineering Consultants and GLMV Architecture designed the ARC for LEED Silver certification. Construction was administered by the United States Army Corps of Engineers, Fort Worth District.
HOUSTON — Parmenter Realty Partners, a Miami-based real estate investment firm, has sold the 201,720-square-foot office building situated at 2200 West Loop South in Houston. The property, which is located in close proximity to the Galleria complex, is the first to be sold of the assets from Parmenter Realty Fund IV. At the time of the sale, the building had a single listed vacant space of 25,884 square feet. Parmenter Realty Partners owns two remaining assets in Houston following the transaction.
FORT WORTH, TEXAS — Commercial real estate firm Henry S. Miller has brokered the acquisition of Fort Worth’s Town West shopping center by Custer Properties LLC. The buyer plans several improvements for the property, which totals 33,269 square feet and is located at 6700 Camp Bowie Blvd., in close proximity to the Highway 183 interchange. Shawn Loney-Rider of Henry S. Miller represented Custer Properties in the transaction, while Jason Middlebrook of SRS Real Estate Partners represented the seller, Town West Shopping Center LLC.
FLOWER MOUND, TEXAS — Lee & Associates has arranged a 70,100-square-foot industrial lease for T&L Holding Co. in Flower Mound, approximately 35 miles northeast of Fort Worth. The property is located at 500 Enterprise Drive. Reed Parker and Tom Walrich represented the tenant in the negotiations, while landlord Hillwood was internally represented by Bates Arnot.
EL PASO, TEXAS — In a $40 million sale-leaseback transaction, REIT Physicians Realty Trust (NYSE: DOC) has acquired a 77,000-square-foot hospital and 40,000-square-foot medical office building in El Paso. The facilities are occupied by Foundation Surgical Hospital, which as part of the deal signed a new 15-year, absolute net lease for the hospital and a new five-year, triple net lease for the office building. Foundation Surgical Hospital is a joint venture owned by more than 60 physicians and Foundation Surgical Hospital Affiliates LLC, which is a wholly owned subsidiary of Graymark Healthcare Inc.