DALLAS — Cassidy Turley has arranged a 23,962-square-foot lease for PSR, LLC, located at 3 Park Central in Dallas, a 513,00-square-foot office building. Craig Wilson and Randy Cooper of Cassidy Turley's Dallas office represented the tenant in the lease transaction. Russ Johnson and Sean Dalton of Grubb & Ellis' Dallas office represented the landlord, Pittsburgh, Pa.-based McKnight Realty Partners.
OKLAHOMA CITY, OKLA. — Irvine, Calif.-based Hanley Investment Group has brokered the $11.58 million sale of the 202,247-square-foot Southern Hills Shopping Center, located at 1414-1630 SW 74th St. and 7620 S. Pennsylvania Ave. in Oklahoma City. The property is 95 percent leased to Aaron's, B-Sew Inn, Dollar Tree, Golf USA, Hancock Fabrics, Horse & Rider, Joe's Crab Shack, Mazzio's Italian Eatery, Mill Creek Carpet & Tile, Northern Tool, Ocean Dental, SAS Shoes, Starbucks and Wendys. Eric Wohl, Kevin Fryman and Edward Hanley of Hanley Investment Group's Irvine office represented both the buyer, a Los Angeles-based private investor, and the seller, a Cincinnati-based institutional investment company, in the transaction.
HOUSTON — ARA has brokered the sale of a 3.17-acre infill site, located on South Post Oak Lane in Houston's Galleria submarket, for an undisclosed price. A 78-unit multifamily development at the site will be demolished for the development of a new 270-unit multifamily community. David Marshall and Tim Dosch of ARA's Houston office represented the seller, the Hunnicut Family, in the sale. The buyer was Newport Beach, Calif.-based The Greystone Group.
HOUSTON — Sugar Land-based ICO Commercial has arranged the sale of a 12,000-square-foot industrial property, located at 12111 Brittmoore Park Dr. in Houston. Payton Indermuehle of ICO Commercial represented the buyer, Innova Integrated Solutions, in the transaction. Steven O'Conner of Houston-based Southwest Realty Advisors represented the seller, Brittmoore Park Partners.
HOUSTON — HFF has secured $50 million in refinancing for the 315-room Hotel Zaza, located at 5701 Main St. in Houston's Museum District. The luxury hotel includes ZaSpa, a pool with private cabanas, full-service bar, 21,000 square feet of meeting space and the Monarch Restaurant. Mark West and John Bourret of HFF's Dallas office and Colby Mueck of the firm's Houston office arranged the 10-year, fixed-rate refinancing through Goldman Sachs Commercial Mortgage Capital.
HOUSTON — CBRE has arranged $34 million in permanent financing to refinance debt on the 680-unit Abbey at Briar Forest, a Class B apartment community located at 11655 Briar Forest Dr. in Houston. Glenn Housman of CBRE's Orlando, Fla., office arranged the financing with a 7-year fixed rate through Freddie Mac on behalf of the borrower, Birmingham, Ala.-based Abbey Residential.
THE COLONY — A partnership between Dallas-based Legacy Capital Co. and Carrollton-based Standridge Cos. has acquired two tracts of land adjacent to the future site of the Nebraska Furniture Mart totaling 33 acres in The Colony. The acquisition includes a 19.6-acre tract located at the corner of Blair Oaks Drive and Highway 121 and a 13.7-acre tract at the corner of Paige Road and Memorial Drive. The land will be marketed by Standridge.
MESQUITE — Lee & Associates has arranged the sale of a 10.86-acre tract of land, located at Big Town Boulevard in Mesquite, to be used for industrial purposes. Mark Graybill of Lee & Associates' Dallas/Fort Worth office represented the seller, Dallas-based Royalton Real Estate Capital, in the transaction. Union Pacific was the buyer.
PLANO — NorthMarq Capital has arranged $3.25 million in first mortgage financing for the 140,130-square-foot Jupiter Business Park, an industrial property located at 1111 Jupiter Rd. in Plano. Ronald Reese of NorthMarq's Dallas office arranged the 7-year loan with a 25-year amortization schedule through Summit Investment Advisors on behalf of the borrower, Jupiter Business Park Ltd., an entity controlled by Los Angeles-based Mindlin Cos.
DALLAS — Mark One Capital, a subsidiary of Marcus & Millichap, has secured acquisition financing for the 20,000-square-foot Baylor Surgery Center, located in Dallas. Farhan Kabani of Mark One's Dallas office arranged the 5-year loan with a 25-year amortization schedule and a fixed 4.66 percent interest rate.