DALLAS — Stream Realty Partners has arranged Hudson Advisors/Lone Star's 110,652-square-foot lease renewal at The Tower at Cityplace, a 1.22 million-square-foot office complex located at 2711 N. Haskell Ave. in Dallas. Jeff Schweitzer, Sarah Erickson and Tommy Nelson of Stream Realty Partners represented the landlord, Barrow Street Capital, in the lease transaction. Dan Paterson of Swearingen Realty Group represented the tenant. The Tower at Cityplace is currently 85.7 percent leased and features a conference center, Larry North Fitness, food court, cafeteria and DART rail access.
Texas
CYPRESS — The Kroger Company has purchased 18 acres in the Towne Lake master-planned community, owned by Caldwell Cos., in Cypress to build a 120,000-square-foot store. Kroger will break ground in the fall at the southwest corner of Tuckerton Road and Barker Cypress. Besides the new Kroger, Towne Lake will also have a new mixed-use development known as The Boardwalk at Towne Lake, which will feature waterfront restaurants, shops and office space. The Boardwalk will break ground later this year and will include waterside parking for resident's boats.
WYLIE — B&B Theatres has begun construction of a 12-screen movie theater, located along FM 544 and Country Club Road in Wylie. Lewisville-based Parkway Construction Co. is the general contractor for the theater, which is slated to open in April 2013. The all-digital projection theater will feature stadium seating, leather high-back rocker-style seats and wall-to-wall curved screens.
FORT WORTH — The Admiral Capital Real Estate Fund, a partnership between Admiral Capital Group and USAA Real Estate Co., along with its joint venture partner Franklin Croft, has acquired the 132-room Holiday Inn Express, located at 1111 W. Lancaster Ave. in downtown Fort Worth. Dallas-based Aimbridge Hospitality will manage the hotel, which will have an additional 31 rooms open this year. The hotel is The Admiral Fund's third hotel and sixth property altogether.
EL PASO — Best Buy has signed a lease to open a 37,740-square-foot store at The Fountains at Farah, a 600,000-square-foot power lifestyle center located at the northeast corner of Interstate 10 and Hawkins Boulevard in El Paso. The center is under construction and will open in the fall of 2013. Susan Ridley of Venture Commercial represented Best Buy in the lease transaction, and West Miller of Centergy Retail represented the landlord.
HOUSTON — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million CMBS loan for a 47,511-square-foot retail space in Houston. Peter Dunn of MMCC's Houston office arranged the 10-year loan with a 30-year amortization schedule and a 4.9 percent interest rate.
HOUSTON — Houston-based ITW Global Brands has opened its new $1 million, 11,000-square-foot Technology Center, a research and development facility located in Houston. The property is being used for product development, testing, evaluation and differentiation. A collection of 10 engineers and scientists staff the property.
HALTOM CITY — Hayman Woods LLC has acquired the 398-unit Bellagio at Beach Street, a multifamily community located at 4200 Northern Cross Blvd. in Haltom City. Haymoon Woods used $20.5 million in Fannie Mae financing to complete the acquisition. The amenities include two resort-style swimming pools, poolside fireplace and barbecue areas, a fitness center, business center, car wash and a 24-hour laundry facility.
ALLEN — San Antonio-based Taco Cabana has opened a new location at 810 W. Stacy Road in Allen. Sprinkle & Co. Architects handled the restaurant's redesign. There are currently more than 156 Taco Cabanas operating in three states.
HOUSTON — Marcus & Millichap has arranged the sale of a 2,520-square-foot retail property net-leased to Whataburger, located at 17234 NW Freeway in Houston. Whataburger has operated the site, which is an outparcel of the 200,000-square-foot Northwest Village, for 24 years. Vincent Knipp of Marcus & Millichap's Fort Worth office represented the seller, a Colorado-based limited liability company, in the transaction. The buyer was a California-based partnership.