CEDAR PARK — Inland Western Retail Real Estate Trust has acquired the 486,896-square-foot 1890 Ranch, a shopping center located at 183-A Toll Road and East Whitestone Boulevard in Cedar Park, for $97.6 million. The shopping center includes tenants such as PetSmart, Academy Sports, Cinemark and Ross Dress for Less.
SAN ANTONIO — Stockholm, Sweden-based Skanska USA has signed an $80 million contract to construct Phase II of Wilford Hall Ambulatory Surgical Center at Lackland Air Force Base in San Antonio. The project includes a 27,700-square-foot addition for the U.S. Army Corps of Engineers. Skanska is expected to begin construction in November and completion is slated for September 2013.
AUSTIN — Houston-based GSL Welcome Group has acquired the 54,865-square-foot Tuscany Technology Center Building 4, an office/flex facility located in the Tuscany Center at Walnut Creek at U.S. 290 and Tuscany Way in Austin. The building is leased to Gila Corp. Timothy Heinrich and Blake Royal of Houston-based BoyarMiller's Business Group represented the buyer. The seller was McShane Development Co.
AMARILLO — Canyon Long Term Care has plans to build a 120-bed skilled nursing facility in Amarillo. Canyon is working with LTC Properties, the landlord, to develop the 50,000-square-foot facility. The new facility will replace an old healthcare facility in Canyon and will feature multiple dining areas and private rooms with bathrooms and showers. Construction is slated to begin this year and the facility is expected to open in late 2012.
ROCKWALL — Stan Johnson Co. has arranged the sale of a 5,005-square-foot retail building fully leased to Starbucks and Genghis Grill, located at 1699 Laguna Dr. in Rockwall. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, RM Crowe. Richard Fausset of Fausset Neely represented the buyer, a private investor, in the transaction.
THE WOODLANDS — RPC Oil and Gas has leased a 79,000-square-foot office/warehouse property, located in Black Forest Technology Park at 2828 Technology Forest Dr. in The Woodlands. The facility consists of 61,000 square feet of office space and approximately 18,000 square feet of warehouse space. Rob Banzhaf, Trey Halberdier and Tiffany Nuche of BANDIER Realty Partners represented the tenant, and the landlord, The Woodlands-based Black Forest Ventures, was self-represented by Sean Quinn.
MESQUITE — Dallas-based LIG Assets and Irving-based HQZ Partners have formed MedicalCampusGroup to fund, develop and jointly own the $250 million Peachtree Towne Center Project, a 60-acre mixed-use medical campus in Mesquite. Lawson & Associates are leading the fundraising efforts for the Peachtree Foundation, a nonprofit formed to support the new project. The project is designed to include a 400,000-square-foot hospital tower, 96,000 square feet of medical offices, a 40,000-square-foot clinic, retail stores, restaurants, loft-style residential units and a business class hotel. HQZ has already constructed a $3.7 million bridge that spans 480 feet.
MCKINNEY — Behringer Harvard has sold two parcels of developable land at a 56-acre mixed-use site on Custer Road in McKinney. Dallas-based Beazer Homes has purchased 12.9 acres for single-family housing, and the Dallas office of McCann Realty Partners has acquired 17.9 acres for multifamily housing.
BEAUMONT — NorthMarq Capital has arranged $1.02 million in first mortgage financing for the 89,000-square-foot San Jacinto Building, located in Beaumont. William Luedemann of NorthMarq's Houston office arranged the financing with a 10-year term and 10-year amortization schedule through StanCorp Mortgage Investors.
FORT WORTH — Bar Louie is opening a 6,503-square-foot store at West 7th, located on 7th Street and University Drive in Fort Worth. The new store is slated for a winter 2011 opening. Bar Louie is owned and operated by Addison-based BL Restaurant Operations. Myles Kelley of Fort Worth-based Realty Ventures and Greg Bracchi of Edge Realty Partners' Dallas office represented the tenant, and David Thomas of The Retail Connection's Dallas office and Rodger Chieffalo of Fort Worth-based Chieffalo Realty represented the landlord, Cypress Equities.