AUSTIN, TEXAS — Omni Hotels & Resorts has purchased and reflagged the Omni Barton Creek Resort & Spa in Austin from KSL Capital Partners LLC, a private equity firm. The property is heralded as the No. 1 golf resort in Texas with four championship level courses and Texas' only Callaway Performance Center. The property also features 318 guest rooms, full-service spa, meeting/wedding facilities and several dining options. The seller recently upgraded the property's guest rooms and meeting spaces.
EL PASO, TEXAS — Kite Realty Group Trust has executed a 31,541-square-foot lease with Sprouts Farmers Market at Sunland Towne Centre in El Paso. The shopping center includes tenants such as Bed Bath & Beyond, Ross Dress for Less, PetSmart and Party City. Sprouts will occupy the former Roomstore space.
PHOENIX — Phoenix-based Cole Corporate Income Trust Inc. (CCIT) has acquired three Class A office buildings in Texas and Massachusetts for $160.8 million. Cole Corporate Income Advisors LLC, a subsidiary of Cole Real Estate Investments, served as the external advisor to CCIT in the transaction. The properties include an office campus leased to Allstate Insurance Co. in Plano totaling 458,338 square feet. Allstate will occupy the campus under a 12-year lease through a sale-leaseback transaction. CCIT also acquired a 206,362-square-foot office building in Houston's Westchase District. The property serves as the corporate headquarters of The Men's Wearhouse, which has more than 14 years remaining on its lease. The last property is a 49,250-square-foot medical office building in Concord, Mass. The property is leased for 17 years to Harvard Vanguard Medical Associates, a 630-physician medical group. Boyd Messmann of Cole Real Estate Investments represented CCIT in both Texas transactions, and Robert Corry of Cole represented CCIT in the Massachusetts transaction.
PLANO, TEXAS — HFF has secured $120 million in financing for Granite Park I, II and III, three office towers in the mixed-use Granite Park development in Plano. The development is located at the intersection of Dallas North Tollway and State Highway 121. The three office buildings are 95 percent leased and total 873,636 square feet. Trey Morsbach, Jim Curtin, Michael Cosby and Michael George of HFF arranged the 10-year, fixed-rate loan loan through MetLife Real Estate Investors on behalf of the borrower, Granite Properties Inc. Funds from the loan were used to refinance an existing loan.
HOUSTON — CenterPoint Properties has purchased a 1 million-square-foot, six-building industrial portfolio in Houston for $42.6 million. Exel Logistics fully occupies all six facilities, which are rail-served and located within 25 miles of the Port of Houston. The properties are situated on a 42.8-acre lot located near interstates 10 and 610. Trent Agnew and Rusty Tamlyn of HFF represented the seller, TA Associates, in the transaction.
HOUSTON — Denver-based Fairfield Advisors has brokered the $13.3 million sale of the Memorial Herman Convenient Care Medical Office Building in Houston. The 30,000-square-foot medical office building is located at 14201 E. Sam Houston Parkway N. Memorial Herman, the largest not-for-profit health system in Texas, is the sole occupant of the property, which is an outpatient facility that includes a 24-hour emergency room. Greg Trainor of Fairfield Advisors represented the seller in the all-cash transaction.
SAN MARCOS, TEXAS — Quantum Real Estate Advisors Inc. has arranged the approximately $3.5 million sale of an 8,250-square-foot shopping center in San Marcos. The shopping center is fully leased to tenants including Five Guys Burgers and Fries, Best Buy Mobile and Sprint. Jordan Kaufman of Quantum represented the buyer, an Illinois-based private investment group, in the transaction. The seller is a Houston-based development company.
TEMPLE AND WACO, TEXAS — Construction is underway on two Duke Realty-developed, Scott & White Healthcare medical facilities in Temple and Waco. The first property, a 77,000-square-foot, three-story outpatient orthopedic clinic, is located at 2401 S. 31st St. in Temple. The second property, a 37,000-square-foot, two-story cancer center, is located next to Hillcrest Baptist Medical Center at Interstate 35 and Hillcrest Medical drive in Waco. Both the Temple and Waco facilities are owned by Duke Realty Limited Partnership. Scott & White will manage the facilities. Jacobs Engineering Group Inc. will be the architect and MEDCO Construction will act as general contractor for the orthopedic clinic. HDR will be the architect and JE Dunn will act as general contractor for the cancer center. The orthopedic center will be completed in October and the cancer center in November.
KINGSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Kingsville Plaza, a 21,250-square-foot retail property, located at 2730 S. Brahma Blvd. in Kingsville. The property is an outparcel of Walmart and includes tenants such as Cato and The Shoe Department. Chad Knibbe, Bethany Babcock, Preet Sabharwal and Britt Raymond of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was a Texas-based investor.
CARROLLTON, TEXAS — Dynamex has signed two leases for industrial space in Carrollton totaling 89,786 square feet. The transportation services company signed a 31,098-square-foot lease at 1505 Wallace St., Suite 122, and a 58,688-square-foot lease at Luna IV, located at 2244 Luna Road, Suite 120. J. Scot More of Holt Lunsford Commercial represented the landlord, CIR-III REIT, in the Wallace Street lease. Carter Crow of Billingsley Co. represented the landlord, CB Luna Industrial No. 1, in the Luna IV transaction. Ward Richmond, Chris Teesdale and Tom Pearson of Colliers International represented the tenant in both deals.
