AUSTIN — Hardin Construction Co. has been selected to construct The 704, a 378-unit multifamily property and 20,000 square feet of retail/restaurant space, located in Austin. The 704 will be located adjacent to the landmark Broken Spoke dance hall. The property is scheduled to break ground soon and finish completion by 2014. The multifamily property will feature two pools, an extensive fitness center, a dog run, bocce ball court, outdoor lounges, grilling areas and a rooftop deck. Dallas-based Wilder Belshaw Architects is providing design services and Transwestern owns the project.
COLLEYVILLE — Wal-Mart Stores Inc. has selected Satterfield & Pontikes Construction (S&P) to renovate an existing 56,000-square-foot building, located at Colleyville Boulevard and Glade Road in the Colleyville Plaza Shopping Center, and convert it into a Walmart Neighborhood Market. The new store is slated to open in October. The $2.6 million project includes updating the building's facade, replacing existing walls and ceilings, updated plumbing and electrical systems and replacing the roof's rubber membrane.
SAN ANTONIO — Park Place International has become the first tenant in CyrusOne's San Antonio data center called Westover Hills. The facility also includes Class A office space for tenants. The project is located on a 10-acre site and will offer 20 mW of power.
AUSTIN — Marcus & Millichap has arranged the sale of a 9,000-square-foot Dollar General, located at 6729 Manor Road in Austin. Greg Gaynor and Kelly Smith of Marcus & Millichap's Austin office represented the seller, a developer, in the transaction, and procured the buyer, a private investor.
OKLAHOMA CITY — Dallas-based Metropolitan Capital Advisors has secured a $17.6 million mortgage for the DSB Portfolio, a collection of 16 warehouse properties totaling 504,150 square feet located throughout the Oklahoma City MSA. The properties are collectively 95 percent occupied by tenants such as FedEx, Trane Air Conditioning, Cintas Corp. and the State of Oklahoma DHS. Todd McNeill and Sunny Sajnani arranged the CMBS loan with a 30-year amortization schedule on behalf of the borrowers: DSB Properties, Gardner Realty Properties and Santa Fe Development.
NORMAN, OKLA. — Campus Crest Communities has commenced construction on The Grove at Norman, a 224-unit, 600-bed student housing community located 0.6 miles from The University of Oklahoma in Norman. The community is expected to cost approximately $26.4 million to develop and is slated to open in fall 2013. The student housing development will feature a resort-style pool, game room, fitness center and library. Campus Crest has formed a joint venture with Harrison Street Real Estate to develop the community, and Campus Crest will own 20 percent of the community upon completion.
PASADENA — The Houston Area Safety Council (HASC) has broken ground on Phase I of its 67,000-square-foot training campus, located at 5213 Center St. in Pasadena. The new property represents a two-year initiative to expand HASC's safety training capabilities to handle the overflow of the Deer Park headquarters. Kirksey Architecture designed the property and Tellepsen Builders will build the facility, which is slated for a 2013 completion. The training facility will feature a 220-seat auditorium with stadium seating, computer lab with 725 workstations and parking for 800 vehicles.
HOUSTON — McCarthy Building Cos. has been selected to renovate The University of Texas MD Anderson Children's Cancer Hospital, located on the ninth floor of the Alkek Tower at MD Anderson in Houston. Construction is under way on the infrastructure upgrade. McCarthy Building completed construction last year on the MD Anderson Cancer Center Alkek Hospital's 12-story vertical expansion.
EDINBURG — Marcus & Millichap has brokered the sale of the 90-unit University Manor, a multifamily property located at 615 S. Sugar Road in Edinburg. Zar Haro and Mike Moffitt of Marcus & Millichap's San Antonio and Austin offices, respectively, represented the buyer and seller, both private investors, in the transaction.
DALLAS — HollyFrontier Corp., a Fortune 500 company, has signed a lease for an additional 14,203 square feet of office space for a total of 60,045 square feet at 2828, an 11-story office tower located in Dallas' HARWOOD district. Bill McClung and Mike Wyatt of Cushman & Wakefield represented the tenant in the lease transaction. Harwood was self-represented by Jihane Boury and Peter Sleiman. The lease transaction brings 2828 tower to 97.5 percent occupancy.