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OfficeTexas

HFF SECURES SALE OF 777 POST OAK BOULEVARD

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HOUSTON — HFF has brokered the sale of the 176,799-square-foot 777 Post Oak Boulevard, a nine-story office building located in Houston's Galleria/West Loop submarket. The property was renovated in 1998 and is fully leased. Robert Williamson and Rusty Tamlyn of HFF represented the seller, an institutional owner, in the transaction. Corby Chaffin of HFF also arranged acquisition financing on behalf of the buyer, an international investing real estate fund managed by Switzerland-based Credit Suisse AG. Washington, D.C.-base Lacy Ltd. advised Credit Suisse in the transaction.

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Seniors HousingTexas

M&M BROKERS SENIORS HOUSING FACILITY SALE

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CEDAR PARK — Marcus & Millichap has arranged the sale of New Hope Manor, a 114-bed skilled nursing facility located at 1623 W. New Hope Drive in Cedar Park. The list price of the property was $6.5 million. Rod Llanos of Marcus & Millichap's Houston office represented the seller, a developer, and the buyer, a limited liability company, in the transaction. The property was built in the 1990s.

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OfficeTexas

PELOTON COMMERCIAL NEGOTIATES SALE OF BROOKHOLLOW ATRIUM

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SAN ANTONIO — Peloton Commercial Real Estate has arranged the sale of the 38,000-square-foot Brookhollow Atrium, an office building located at 1000 Central Parkway N. in San Antonio. Jason Adkinson and Scott Boynton of Peloton represented the seller in the transaction. Paul Fagan of San Antonio Commercial Advisors represented the buyer. Adkinson and Boynton brought the property to full occupancy prior to the sale.

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RetailTexas

NORTHMARQ ARRANGES $1.72M MORTGAGE FOR DENTON TAP PLAZA

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COPPELL — NorthMarq Capital has secured $1.72 million in first mortgage refinancing for the 10,000-square-foot Denton Tap Plaza, an unanchored retail property located at State Highway 121 and Denton Tap in Coppell. Phillip Bankhead of NorthMarq's Dallas office arranged the 10-year loan with a 30-year amortization schedule through a CMBS lender.

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HospitalityTexas

WEIS COMPLETES $17M HOTEL AND CONVENTION CENTER

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TEXARKANA — Dallas-based Weis Builders has delivered the Texarkana Convention Center and the adjoining Hilton Garden Inn, Texarkana's first full-service hotel and convention center. The $17 million project provides 154 guest rooms and 25,000 square feet of event space. The hotel features a pool, whirlpool, fitness center, business center and full-service restaurant.

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MultifamilyTexas

WATERSTONE APTS. IN HOUSTON SELLS

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HOUSTON — Birmingham, Ala.-based Equity Resources has acquired the 276-unit Waterstone Apartments, located in Houston just outside of The Woodlands. The property was built in 2012 and is currently in lease-up. The community's amenities include a resort-style saltwater pool with a sundeck, a fitness center, poolside gourmet grilling area, Wi-Fi computer lounge, clubhouse/entertainment area, garages and privacy gates.

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IndustrialTexas

OVERLAND DOUBLES FOOTPRINT AT PORT CROSSING COMMERCE

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LAPORTE — Overland Distribution has extended and expanded its lease for a total of 206,368 square feet of industrial space at Port Crossing Commerce Center, located at 1701 S. 16th St. in LaPorte. The property features 30-foot ceiling heights, 60 exterior docks, trailer storage and access to a rail transloading yard. Greg Egan of Leasesquarefeet.com represented the tenant in the lease transaction. Gary Mabray and Mike Taetz of Colliers International represented the landlord, a joint venture between National Property Holdings and ML Realty Partners.

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Texas

KDH SECURES $9.45M IN FINANCING WITH STANCORP

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HOUSTON — The Houston office of Q10 Kinghorn, Driver, Hough & Co. has arranged $9.45 million in permanent financing for six transactions with StanCorp Financial Group in the third quarter. Five of the properties are located in the Houston MSA and the last one is located in Smyrna, Ga. The properties include two shopping centers, two multifamily communities, a medical office building and a self-storage facility.

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MultifamilyTexas

HFF ARRANGES LOAN FOR HIGH-RISE DEVELOPMENT

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HOUSTON — HFF has secured a construction loan for the development of 2929 Weslayan, a 254-unit, high-rise multifamily development located on the northeast corner of Weslayan and West Alabama streets in Houston. The 40-story property includes 12,156 square feet of ground-floor retail space and a 547-space parking garage. The community will feature a fitness center, pool lounge, fire pit and an adjoining restaurant offering room service for residents. Whitaker Johnson, Rob Rizzi and Cameron Cureton of HFF arranged the loan through Pacific Life on behalf of the borrower, a partnership between PM Realty Group and the INDURE Fund, which is managed by National Real Estate Advisors.

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HealthcareTexas

TEXAS PROPERTIES PART OF $332M HEALTHCARE PORTFOLIO SALE

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TEXAS — Seavest Healthcare Properties has sold 14 medical office buildings in six states totaling 1.2 million square feet to Duke Realty for $332 million. The purchase price averages out to approximately $267 per square foot. The 14 properties included four from Texas, including the Longview Medical Office Building in Longview, Hillcrest Baptist Medical Center I & II in Waco and the Medical Mall of Abilene in Abilene. The properties, on average, are 90 percent leased and most are located on hospital campuses. Seavest sold the properties from its Seavest Properties I & II investment funds. Evercore Partners acted as sole advisor to Seavest.

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