LEWISVILLE, TEXAS — Greenville, S.C.-based CapHarbor Property Management has awarded Cushman & Wakefield of Texas Inc. the leasing assignment for Vista Ridge I and II in Lewisville. Vista Ridge is a pair of two-story, 121,200-square-foot office buildings located at 700 and 750 State Highway 121 Bypass. The buildings are fully leased to long-term tenants including STA Travel and Parago Inc. Matt Schendle and Cynthia Cowen of Cushman & Wakefield will oversee leasing.
DALLAS — Richardson-based Hill & Wilkinson General Contractors has begun construction on a new 187,810-square-foot sales and service facility, located in the Mountain Creek Business Park in Dallas. The new building will sit on a 20-acre site and provide repair and maintenance services for diesel and natural gas engines and power generation equipment made by Cummins Inc. The tenant is Arlington-based Cummins Southern Plains LLC. The new facility will employ more than 150 people, mostly technicians, distribution associates and administrative personnel. Hill & Wilkinson is providing design/build services for the project and Dallas-based Merriman Associates/Architects Inc. is providing architectural services. The facility is slated for a December 2013 delivery. Additionally, the City of Dallas is providing a seven-year property tax abatement toward 50 percent of the improved value of the property.
CORPUS CHRISTI, TEXAS — McShane Development Co. has completed the 37,444-square-foot U.S. Department of Veterans Affairs Specialty Outpatient Clinic in Corpus Christi. The new facility is located at 205 S. Enterprize Parkway in the 100 South Padre Island Business Park. McShane provided the turnkey development, design and construction services for the build-to-suit medical facility. The clinic was designed to meet LEED Silver certification with an energy-efficient HVAC system, a reflective TPO roof and a glass curtainwall entryway. Cadence McShane Construction Co. and Rees Associates provided comprehensive design/build construction services.
GRAPEVINE, TEXAS — Carter Validus Mission Critical REIT Inc. has acquired a 61,400-square-foot, long-term acute-care hospital in Grapevine for $23 million. The facility includes 48 private medical rooms and a 12-bed Intensive Care Unit. The property is fully leased to Ethicus Hospital-Grapevine LP.
LEWISVILLE, TEXAS — Stream Realty Partners has arranged the sale of a 35,278-square-foot retail property, located at 1600 S. Stemmons Freeway in Lewisville. The property is fully occupied by Studio Movie Grill. Jamie Jennings, Ben Hautt, Keith Fisher and James Mantzuranis of Stream Realty Partners' Investment Sales team represented the seller in the transaction.
FRISCO, TEXAS — ARA has brokered the sale of the 208-unit Broadstone Stonebriar in Frisco. The Class A apartment community was built in 2010 and is currently 92 percent occupied. Brian O'Boyle, Sr., Brian O'Boyle, Jr., and Brian Murphy of ARA's Dallas office represented the seller in the transaction.
HOUSTON — Marcus & Millichap has arranged the sale of the 111,824-square-foot Huntington Village Shopping Center, located at 12605 Bissonnet in Houston. The shopping center's list price was $6.65 million. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, Brixmor Properties, in the transaction.
PLANO, TEXAS — Jones Lang LaSalle has brokered the sale of a 32,262-square-foot office building, located at 6101 W. Plano Parkway in Plano. The buyer, Starkey Mortgage, will use the office building as its new corporate headquarters. Steve Thelen and Stephen Holley represented the buyer in the transaction. Michael Bowles of John Bowles Co. represented the seller.
BETHESDA, MD. — Bethesda-based Beech Street Capital has arranged $15 million in Fannie Mae DUS loans to refinance a four-apartment portfolio in Dallas, San Antonio, Austin and San Angelo. The apartment communities total 625 units and include Solarium Apartments in the Dallas MSA, Village Green Apartments in Austin, Encino Park Apartments in San Angelo and La Calera Apartments in San Antonio. Larry Sneathern of Beech Street's Dallas office originated the transactions. The fixed-rate loans have 10-year terms and will amortize over 30 years.
LEWISVILLE, TEXAS — The Weitzman Group and Cencor Realty Services have been assigned to lease and manage the 315,008-square-foot Lakepointe Crossing Shopping Center in Lewisville. The shopping center, located at State Highway 121 and Interstate 35 East, is shadow-anchored by Garden Ridge. The shopping center's tenants include Academy Sports + Outdoors, Toys “R” Us, Conn's, Pier 1 Imports and David's Bridal. Austin Schenkel and Matt Baisch of The Weitzman Group will handle the center's leasing efforts, while Stephanie Burgess of Cencor is the center's property manager.
