Texas

ASCENSION GROUP COMPLETES WORK ON $100M HOSPITAL

by admin July 26, 2012

HARKER HEIGHTS — Ascension Group Architects has finished work on the $100 million Seton Medical Center Harker Heights, located at 850 W. Central Expressway in Harker Heights. The facility is a joint venture between Austin-based Seton Family of Hospitals and Plano-based LHP Hospital Group. The 192,400-square-foot Seton Medical Center is the first new hospital in Bell County in 35 years. The hospital features a full-service emergency department, intensive care units, women's services department, cardiology, interventional cardiology, orthopedics, neurosurgery and imaging and diagnostic services. Sandy, Utah-based Layton Construction was the general contractor for the project.

July 26, 2012

Texas

ZIEGLER COOPER DESIGNS WORSHIP CENTER

by admin July 26, 2012

HOUSTON — Ziegler Cooper Architects' Worship Place Studio has recently designed a 46,000-square-foot worship center, located in Houston, for The Universal Church. The facility includes a 1,100-seat worship center, 200-seat chapel, administrative offices, children's classrooms, an in-house television studio and an 11-bedroom apartment complex for ministers and ministers-in-training.

July 26, 2012

Civic Texas

FD STONEWATER SELLS ICE FACILITY IN MCALLEN

by admin July 26, 2012

MCALLEN — FD Stonewater has sold a 24,000-square-foot, build-to-suit facility in McAllen that is fully leased to the U.S. Government as a U.S. Immigration and Customs Enforcement (ICE) outpost. The buyer was a New York City-based investment group focused on buying government facilities under long-term leases. The facility is under a 10-year lease to the government.

July 26, 2012

Multifamily Texas

WELLS ASSET MANAGEMENT BROKERS NEWPORT APTS. SALE

by admin July 26, 2012

IRVING — Dallas-based Wells Asset Management has arranged the sale of the 308-unit Newport Apartments, located at 3466 Beltline Road in Irving. The property is 95 percent occupied and includes a clubhouse and resort-style pool. Mike Wells, Robert Aiello and Bobby Lankford of Wells Asset Management arranged the transaction.

July 26, 2012

Multifamily Texas

MERIDIAN ARRANGES $23.1M LOAN FOR APT. PORTFOLIO

by admin July 26, 2012

SAN ANTONIO — Meridian Capital Group has secured $23.1 million in financing for a 774-unit, four-property multifamily portfolio that includes the 230-unit Wellington Estates Apartments, located in San Antonio. The other properties are located in Tucson, Ariz., and Sussex, N.J. Israel Schubert and David Cohen of Meridian's Iselin, N.J., office arranged the five-year loan through Beech Street Capital on behalf of the borrower, Wilshire Enterprises Inc. The portfolio averages a 93 percent occupancy rate.

July 26, 2012

Office Texas

TYLER TECHNOLOGIES BREAKS GROUND ON NEW HQ

by admin July 25, 2012

PLANO — Tyler Technologies has begun construction on its new 142,000-square-foot corporate and division headquarters, located at 5101 Tennyson Parkway in Plano. KDC will develop and manage the construction of Tyler's 26-acre campus. The property is slated for an August 2013 completion. The campus will feature a three-story, 82,000-square-foot office building connected to a 60,000-square-foot building via a transparent ground-level walkway. HKS Architects is the project designer, Hill & Wilkinson is the general contractor and BLUM Consulting Engineers, Brockette, Davis & Drake Engineers and TBG Landscape Architects are also working on the project.

July 25, 2012

Multifamily Texas

REIT ACQUIRES MONTELENA APTS. FOR $18.35M

by admin July 25, 2012

ROUND ROCK — Steadfast Income REIT has purchased the 232-unit Montelena Apartments, a garden-style community located in Round Rock, for $18.35 million. The apartment community is currently 96 percent occupied, and it includes a swimming pool, heated spa, movie theater, fitness center, playground, sand volleyball court and basketball court.

July 25, 2012

Industrial Texas

SIEMENS' INDUSTRIAL PROPERTY SELLS FOR $17.8M

by admin July 25, 2012

DEER PARK — Inland Real Estate Acquisitions has acquired the 160,000-square-foot Siemens Gas Turbine Division North American headquarters, located in the Deerwood Glen Business Park in Deer Park, for $17.8 million. Joe Cosenza of Inland Real Estate Acquisitions, along with a vice chairman of The Inland Real Estate Group, facilitated the transaction on behalf of the buyer. The property is leased to Siemens Corp., which has 10 years remaining on its lease agreement.

July 25, 2012

Healthcare Texas

HARDIN CONSTRUCTION TO BUILD MEDICAL OFFICE

by admin July 25, 2012

AUSTIN — Hardin Construction Co. has been selected to build a 36,000-square-foot medical office building that will be known as Riverplace Medical Plaza, located in Austin's Four Points neighborhood. Construction is scheduled to begin in August and conclude in summer 2013. Schneider Halls Design will serve as the architect of record and Bury+Parners will serve as the civil engineer. Onair Development owns the property.

July 25, 2012

Multifamily Texas

IPA BROKERS SALE OF THE VENETIAN

by admin July 25, 2012

SAN ANTONIO — Institutional Property Advisors (IPA) has arranged the sale of The Venetian, a 182,984-square-foot multifamily property located at 7771 Joe Newton St. in San Antonio. The Venetian features 24-hour tennis and basketball courts, two large swimming pools, 24-hour fitness center, slate billiard table and a large TV lounge. Will Balthrope and Scott Lamontagne of IPA represented the seller, a Pacific Northwest-based private syndicator, in the transaction. Balthrope, Lamontagne and Drew Kile, also of IPA, procured the buyer, a Northeast-based individual investor.

July 25, 2012

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