Texas

SPERRY VAN NESS BROKERS $1.35 MILLION SALE OF METRO OFFICE PARK

by admin January 12, 2012

OKLAHOMA CITY — Sperry Van Ness/ William T. Strange & Associates has arranged the $1.35 million sale of the 60,654-square-foot Metro Office Park, a six-building office property located at 4300 Highline Blvd. in Oklahoma City. Zach Martin of Sperry Van Ness' Oklahoma City office represented the seller, G.D. Madden, in the transaction. Scott Pickens of Oklahoma City-based Total Realty Services represented the buyer, Appian Properties. The property has been on the market for more than 2 years and currently has approximately 30 percent occupancy.

January 12, 2012

TALISMAN ENERGY LEASES SPACE AT RESEARCH FOREST LAKESIDE

by admin January 12, 2012

THE WOODLANDS — Talisman Energy, USA, has leased approximately 218,000 square feet of space in Buildings 2 and 4 in Research Forest Lakeside, a 1.8 million-square-foot master planned community located between Lake Woodlands Drive and Research Forest Drive in The Woodlands. Buildings 2 and 4 are currently under construction and are slated for a spring 2013 completion. Houston-based Harvey Builders is the contractor and ZC+O (a collaboration between Ziegler Cooper Architects and Odell Associates) designed the Building 2 to receive LEED-Silver certification and Building 4 to receive LEED-Gold certification. Additionally, Haynes Whaley is the structural engineer for the project, DBR, MEP and Jones Carter are the civil engineers and Clark Condon Associates is the landscape architect. Greg Cizik and Edward Edson of Colliers International's Houston office, along with David Harvey and Sharma Christi of the firm's Calgary office, represented the tenant in the transaction. JD Warmack LP is the owner/developer of the master planned community.

January 12, 2012

Seniors Housing Texas

CADDIS, MCFARLIN DEVELOPING ASSISTED LIVING FACILITY

by admin January 11, 2012

MURPHY — Dallas-based Caddis Partners and the McFarlin Group are developing the 78-unit Orchard Park of Murphy, a 90-bed assisted living facility located at the southeast corner of FM 544 and Brand Road in Murphy. The project is funded by Love Funding through the Department of Housing and Urban Development's 232 LEAN program. Good Neighbor Care will manage the day-to-day operations, Galier/Tolson/French is the project's architect and Weis Builders' Dallas branch is providing general contracting services. Construction is currently under way and completion is slated for the summer of 2012.

January 11, 2012

Industrial Texas

104,989-SQUARE-FOOT INDUSTRIAL FACILITY IN FORT WORTH SELLS

by admin January 11, 2012

FORT WORTH — High Street Equity Advisors has purchased a 104,989-square-foot industrial building, located at 5401 Alliance Gateway in Fort Worth. Todd Hubbard of NAI Robert Lynn represented the seller, 1085 Partnership Ltd., in the transaction.

January 11, 2012

Healthcare Texas

MEDPROPERTIES MAKES EQUITY INVESTMENT IN HEALTH CENTER

by admin January 11, 2012

FLOWER MOUND — MedProperties Holdings has made an equity investment in the 42,000-square-foot Flower Mound Health Plaza, a medical center being developed on a 5-acre site located at FM 2499 and Cross Timbers Road in Flower Mound. Caddis Partners is developing the property, which will begin construction this month and is slated for a December 2012 completion. Caddis has also made an equity investment in the property, along with several physician tenants.

January 11, 2012

Multifamily Texas

M&M BROKERS SALE OF DIAMOND LOCH APTS.

by admin January 11, 2012

NORTH RICHLAND HILLS — Marcus & Millichap has arranged the sale of the 138-unit Diamond Loch, an apartment community located at 6100 Glenview Dr. in North Richland Hills. Bard Hoover and Nick Fluellen of Marcus & Millichap's Dallas office represented the seller, a local limited liability company, and procured the buyer, a Dallas-based investor, in the transaction. Brian Adams of Marcus & Millichap Capital Corp.'s Dallas office arranged a 10-year Fannie Mae loan with a 30-year amortization schedule for the property.

January 11, 2012

Industrial Texas

SKYWALKER PROPERTY PARTNERS ACQUIRES INDUSTRIAL FACILITY

by admin January 11, 2012

JUSTIN — SkyWalker Property Partners has purchased a 43,259-square-foot, six-building industrial complex, located at 9534 Industrial Rd. in Justin, from Valliance Bank. Renee Efimoff of Arlington-based SCM Real Estate Services represented the buyer in the transaction. Michelle Hudson of Dallas-based Hudson Peters Commercial represented the seller. Jeff Givens and Todd Hawpe of Transwestern Dallas have been retained to market the property.

January 11, 2012

Office Texas

CONSTRUCTION BEGINS ON 65,000-SQUARE-FOOT CONROE FACILITY

by admin January 10, 2012

CONROE — Dyer Holdings has purchased a 15-acre land tract in Conroe Industrial Park, located at 3105 Pollok Dr. in Conroe, and construction has commenced on a 65,000-square-foot office/warehouse facility at the site. John Ferruzzo, Chris Kugle and Dustin Gillioz of NAI Houston represented the buyer on the land purchase from the City of Conroe. Ferruzzo, Kugle and Gillioz also represented the buyer in the construction contract with Seattle-based KDW, the developer.

January 10, 2012

Office Texas

M&M BROKERS SALE OF MIDWAY OFFICE PARK IN ADDISON

by admin January 10, 2012

ADDISON — Marcus & Millichap has brokered the sale of the approximately 50,000-square-foot Midway Office Park, an office property located at 14665 Midway Rd. in Addison. Ron Hebert of Marcus & Millichap's Dallas office represented the seller, a financial institution, in the transaction. Midway Office Park is the corporate headquarters for Mattress Giant.

January 10, 2012

Multifamily Texas

UC FUNDING PROVIDES $6.8 MILLION LOAN ON TWO APT. PROPERTIES

by admin January 10, 2012

SAN ANTONIO — Boston-based UC Funding has structured and funded a $6.8 million bridge loan on the 211-unit Park at Colonnade and the 92-unit Calypso Apartment Homes, both garden-style apartment complexes located in San Antonio. Proceeds from the loan were used to acquire the property and provide the borrower with capital for improvements.

January 10, 2012

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