Texas

CADDO HOLDINGS ACQUIRES THREE-BUILDING PORTFOLIO IN DALLAS

by admin October 18, 2011

DALLAS — Dallas-based Caddo Holdings has acquired a three-building portfolio in Dallas that consists of approximately 281,000 square feet of office and retail space. Caddo purchased the buildings — located at 2811 McKinney Ave., 2501 Cedar Springs Ave. and 3400 Carlisle St. — from an undisclosed Texas-based seller. Creighton Stark of Colliers International's Dallas office negotiated the transaction. American Bank of Texas provided financing for the portfolio. Caddo will manage the portfolio and Nathan Durham of PM Realty Group's Dallas office will handle the portfolio's leasing.

October 18, 2011

MCCANN REALTY ACQUIRES WYNHAVEN AT WESTPOINT APTS.

by admin October 18, 2011

FORT WORTH — McCann Realty Partners has acquired the 264-unit Wynhaven at Westpoint Apartments, a garden-style community located at 1200 Scenic Vista Dr. in Fort Worth. The community will be renamed Westpoint at Scenic Vista and will be managed by Alpharetta, Ga.-based Pegasus Residential. The acquisition was partially funded by a Freddie Mac mortgage loan with a 7-year term.

October 18, 2011

Multifamily Texas

BEECH STREET REFINANCES THREE APT. COMMUNITIES FOR $13.8M

by admin October 18, 2011

ARLINGTON, LEWISVILLE AND FORT WORTH — Bethesda, Md.-based Beech Street Capital has provided $13.8 million in Fannie Mae loans to refinance three apartment complexes totaling 650 units in Arlington, Lewisville and Fort Worth. Larry Sneathern of Beech Street's Dallas office arranged the financing for each complex with 10-year terms.

October 18, 2011

Office Texas

ANGELIC REAL ESTATE ARRANGES $4.57M OFFICE LOAN

by admin October 18, 2011

HOUSTON — New York City-based Angelic Real Estate has secured a $4.57 million loan for the acquisition and tenant improvement costs for 221,000 square feet of office space in High Ridge Business Park, located at 5750 N. Sam Houston Pkwy. E. in Houston. The property has been REO for several months and was 42 percent leased at the time of purchase. Angelic arranged the fixed-rate financing with a 3-year term on behalf of the borrower, a Houston-based private equity firm.

October 18, 2011

Retail Texas

BRADFORD COMMERCIAL BROKERS SALE OF MEXICAN BUFFET IN IRVING

by admin October 18, 2011

IRVING — Dallas-based Bradford Commercial Real Estate Services has brokered the sale of a 8,348-square-foot retail property, formerly a Pancho's Mexican Buffet restaurant, located at 8312 Camp Bowie W. in Irving, to a Houston-based investor. Brian Scott and Karen Simon of Bradford Commercial represented Rockbay Properties II Ltd., parent of the Pancho's location, in the transaction.

October 18, 2011

Retail Texas

JV ACQUIRES MALLS IN TEXAS, OKLAHOMA

by admin October 17, 2011

SHAWNEE, OKLA. AND LAKE JACKSON — Northbrook, Ill.-based StreetMac Asset Managers has acquired the Brazos Mall in Lake Jackson and the Shawnee Mall in Shawnee, Okla., hrough a joint venture with Stamford, Conn.-based Five Mile Capital Partners. Brazos Mall spans 682,831 square feet and houses Dillard's, JC Penney, Sears, Starplex Cinema, Ross, Palais Royal and Powerhouse Gym. Shawnee Mall spans 453,861 square feet and includes Dillard's, JC Penney, Kohl's and Sears. The seller was Lightstone Properties. Chicago-based Urban Retail Properties will serve as property manager and leasing agent for both malls.

October 17, 2011

Texas

SITE FOR FUTURE VOLKSWAGEN DEALERSHIP PURCHASED IN THE WOODLANDS

by admin October 17, 2011

THE WOODLANDS — Bayway Cos. has purchased a 5-acre parcel in The Woodlands for the construction of a 25,000-square-foot Volkswagen dealership. The dealership is slated to open in mid-2012. Todd Edmonds and Cody Christoph of Colliers International represented the seller, The Woodlands Development Co.

October 17, 2011

Texas

RACETRAC BUYS PARCEL OF LAND IN DUNCANVILLE

by admin October 17, 2011

DUNCANVILLE — RaceTrac has purchased 80,000 square feet of land in Duncanville, located at 515 Cockrell Hill. Dan Garrett of John T. Evans Co. brokered the transaction, along with Bill Booker of Sundance Square.

October 17, 2011

Retail Texas

EVERCARE PHARMACY AT VILLAGE PLAZA OPENS IN GARLAND

by admin October 17, 2011

GARLAND — Evercare Pharmacy, an affiliate of Health Mart, has opened a 1,050-square-foot location at Village Plaza, located at the corner of West Walnut Street and North Jupiter Road in Garland. Brixmor Property Group owns Village Plaza.

October 17, 2011

Retail Texas

STORE CAPITAL PURCHASES RETAIL BUILDING IN WEBSTER

by admin October 14, 2011

WEBSTER — Scottsdale, Ariz.-based STORE Capital has purchased a 64,917-square-foot retail building, located at 1125 Magnolia Ave. in Webster, in a sale-lease back transaction with Carrollton-based Main Event Entertainment. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, and Derek Layne of Stan Johnson Co.'s Los Angeles office represented the buyer.

October 14, 2011

Newer Posts

Older Posts

Upcoming Events

Aug
06