BRACKEN — Cactus & Brush has purchased a 58,324-square-foot industrial building, located at 8165-8175 Bracken Creek Drive in Bracken, from Patricia Zoldey & Estate of Stephen Zoldey Sr. Bill Holder of DH Realty Partners represented the seller in the transaction. Rick Stagers of Newmark Grubb Knight Frank's San Antonio's office represented the buyer.
ALLEN — Behringer Harvard has provided mezzanine construction financing for a 444-unit luxury multifamily community, located on a 19-acre site at 1300 N. Custer Road in Allen. The community will feature access to a 40-mile hiking/bike trail, a resort-style pool, a business center, fitness center, coffee bar, clubhouse, game room, exterior courtyards and detached garages. Texas Capital Bank is providing primary construction financing. Irving-based TDI Real Estate Holdings, through a joint venture with Catlyn Capital Corp., is developing the property. Construction begin in August and the first units are slated for lease in May 2013.
LUBBOCK — NorthMarq Capital has secured first-mortgage, long-term financing for Phase I of Canyon West, a 268,090-square-foot retail development in Lubbock. Canyon West's tenants include Target, SAMs, Burlington Coat Factory and Ross Dress for Less. David Mott of NorthMarq's Dallas office arranged the financing.
WALLISVILLE — Pizza Properties, Inc. has opened a 12,000-square-foot Peter Piper Pizza restaurant, the first of 25 Peter Piper Pizza restaurants planned for the Houston market in the next several years. The new restaurant is located at 6223 E. Sam Houston Parkway North on Beltway 8. Additional sites for new Peter Piper Pizza restaurants are currently under construction in Victoria, Corpus Christi and Waco.
FORT HOOD — The U.S. Army Corps of Engineers has awarded a design-build contract to a joint venture of Satterfield & Pontikes Construction and San Antonio-based AMG Contractors to build Operations Readiness Training Complex facilites at Fort Hood. The $38.5 million project includes a 11,237-square-foot battalion headquarters building, a 22,579-square-foot officers quarters building and two 61,116-square-foot barracks. STV will provide architectural and engineering services, and the Fort Worth District of the U.S. Army Corps of Engineers will administer the contract. The project is slated for a summer 2014 completion.
HOUSTON — Orange County, Calif.-based Steel Castle Capital has purchased the 390-unit Carrington Park Apartments, a Class A multifamily property located in Houston's Energy Corridor. The complex is 95 percent occupied and features a business center, 24-hour emergency maintenance, security gates, clubhouse, billiards room, fitness center, barbecue grills and a swimming pool. Steel Castle acquired the property through Steel Castle Property Partners, an investment vehicle. Carrington Park is the company's second Houston acquisition.
GRAND PRAIRIE — Prologis has sold a 110,000-square-foot industrial property, located at 1414 N. Carrier Parkway in Grand Prairie. Cannon Green and Bates Arnot of Stream Realty Partners represented the seller in the transaction. The buyer was Sigma Family Limited Partnership.
AZLE — Marcus & Millichap has arranged the sale of the 17,200-square-foot ABC Self Storage, a 98-unit self-storage facility located at 13500 S. FM 730 in Azle. The facility is currently 85 percent occupied. Brandon Karr of Marcus & Millichap's Fort Worth represented the seller, a private investor, in the transaction. Mason Green, also of Marcus & Millichap's Fort Worth office, represented the buyer, a local limited liability company.
THE WOODLANDS — NorthMarq Capital has secured first mortgage acquisition financing for the 19,663-square-foot Pines Crossing Office Building, located in The Woodlands. Warren Hitchcock of NorthMarq's Houston office arranged the 10-year loan with a 25-year amortization schedule through a life insurance company.
HOUSTON — Behringer Harvard REIT has plans to develop the 332,000-square-foot Two BriarLake Plaza, a 12-story office tower that will be located on a 1.5-acre site at the corner of West Sam Houston Parkway and Briar Forest Drive in Houston's Westchase District. The office building will be located on top of a seven-level parking structure. The office tower is 50 percent pre-leased to Samsung Engineering and is designed to LEED Core and Shell certification. The office tower will feature a deli, fitness center and conference center. Lucian Bukowski and Garrold Parratt of Jones Lang LaSalle represented Samsung in the lease transaction. Brian McMackin and Clint Bawcom of Cassidy Turley represented Behringer Harvard. HPT Management Services will manage the office property and Cassidy Turley will provide leasing services. Construction is slated for a first quarter 2014 completion.