HOUSTON — Investcorp's U.S.-based real estate division has purchased One Westchase Center, a 466,000-square-foot office building in Houston's Westchase submarket. The purchase was part of Investcorp's $200 million investment in five office properties in the metro areas of Washington, D.C., Denver and Houston. The properties total more than one million square feet and have a combined occupancy rate of approximately 94 percent.
FORT WORTH, TEXAS — Glimcher Realty Trust has closed a $55 million mortgage loan secured by University Park Village, an open-air lifestyle center in Fort Worth. The 15-year loan has a fixed interest rate of 3.85 percent. The new loan replaces the $60 million loan executed in connection with the purchase of University Park Village in January 2013.
BEDFORD, TEXAS — Twisted Root, a gourmet hamburger restaurant chain, plans to open a new restaurant this weekend in the 42,000-square-foot Bedford Meadows retail center in Bedford. Addison-based Legacy Alliance Holdings owns Bedford Meadows and recently engaged The Retail Connection to handle the center's leasing. Twisted Root purchased the pad site in June 2012 from Legacy Alliance for the new restaurant.
CORSICANA, TEXAS — Marcus & Millichap has arranged the sale of the 243-unit Kenwood Apartments, located at 3242 Hillsdale St. in Corsicana. Michael Ware and William Jarnagin of Marcus & Millichap's Dallas office represented the seller, a private investor from California, in the transaction.
DALLAS — Colliers International has arranged an industrial lease expansion and renewal totaling 81,357 square feet at 4653 Leston Ave. in Dallas. Phil Rosenfeld and Matt Thompson of Colliers International represented the landlord, Regal Business Center, in the transaction. David Easterling of CBRE represented the tenant, Imlach & Collins Brothers LLC.
DALLAS — Atlanta-based Weeks Robinson Properties, a real estate investment and development company, has signed eight lease transactions in the Dallas area totaling more than 650,000 square feet. The transactions include: Conn's Appliances Inc. leased 321,135 square feet at 4800 Langdon Road in south Dallas. Dave Anderson of CBRE represented Conn's. Winzer Corp. signed a build-to-suit agreement for a 122,595-square-foot office/warehouse facility on Plano Parkway in Plano. Sharon Morrison and Bill de la Chapelle of Transwestern represented Winzer Corp. Ring Container Technologies leased 105,857 square feet of space at Building 2 in the Railhead Industrial Park in Fort Worth. Allen Gump of Colliers International represented Ring. TSF Sportswear leased 78,065 square feet at Forum 303 Crossing in Arlington. Nathan Lawrence and Travis Sapaugh of CBRE represented TSF Sportswear. Pitney Bowes Presort Services Inc. leased 75,600 square feet at Forum 303 Crossing. Dan Cook, Mark Becker and Brad Jones of Cushman & Wakefield of Texas represented Pitney Bowes. American Furniture Rentals leased 38,987 square feet of Forum 303 Crossing. Allen Gump of Colliers International represented American Furniture. QFC Industries leased 26,250 square feet at Forum 303 Crossing. Michael Stanzel of NAI Robert Lynn represented QFC. Goodman Industries leased 23,200 square feet …
LEAGUE CITY, TEXAS — The Cottages at Clear Lake, an assisted living residence in League City serving Alzheimer's patients and other memory care residents, has added the North Cottage luxury residence. North Cottage features 48 private apartments. Meals, activities and daily programs are developed around smaller family groups within each unit.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Copper Creek, a 274-unit multifamily property located in Fort Worth. Copper Creek is 92 percent occupied and was built in 1986. The apartment community's list price was $6.2 million. Al Silva of Marcus & Millichap's Fort Worth office represented the seller, Dallas-based Price Realty Corp., in the transaction. Silva also secured and represented the buyer, Texas-based 6011 Oakland Hills LP, which plans to make interior improvements to the property.
FARMERS BRANCH, TEXAS — Lee & Associates has arranged a 60,125-square-foot industrial lease at 1901 Hutton Court in Farmers Branch. Nathan Denton, Adam Graham and Mark Graybill of Lee & Associates represented the landlord, RREEF Asset Management, in the lease transaction. Steve Berger of CBRE represented the tenant, Peaches Uniforms Inc.
HOUSTON — Suretech Completions Inc. has leased 35,000 square feet of industrial space at Wright Road Industrial Park, located at 12014 FM 529 in Houston, with landlord and developer United Equities Inc. Travis Land of NAI represented the landlord in the lease transaction. Paul Segreto of CBRE represented the tenant.