DALLAS — Lee & Associates has arranged the sale of a 20,250-square-foot industrial building in Dallas. Kurian Holdings has purchased the site located at 10847 Sanden Dr. George Tanghongs and Brett Lewis of Lee & Associates represented the seller, Sanden Box Properties, and Debi Carter of Hudson Peters Commercial represented Kurian.
FORT WORTH — Marcus & Millichap Real Estate Investment Services has brokered the sale of the 100 percent occupied Birchman Apartments in Fort Worth. The complex is located off Camp Bowie Boulevard and features brick exteriors and pitched-composition roofs. Marcus & Millichap’s Mason Green and Vincent Knipp represented both the buyer and the seller in the transaction.
DALLAS — Orlando, Fla.-based Inland American Lodging Group, Inc., a subsidiary of Inland American Real Estate Trust, Inc., has purchased The Fairmont Dallas for $69 million. The Fairmont Dallas is comprised of two towers totaling 545 guestrooms and 70,000 square feet of meeting space for conventions. The Fairmont has received $14.9 million in capital improvements in the past 4 years. Atlanta-based Hodges Ward Elliot brokered the transaction.
PROSPER — Rosebriar Properties has purchased a 30.04-acre parcel of land from Hillcrest Bank in Prosper. The site is located at the northwest corner of U.S. 380 and North Custer Road and is expected to house retailers under the moniker Prosper Plaza. Other tenants located on the same corner include Walmart, 7-Eleven and Firestone. Rosebriar has acquired more than 1 million square feet of retail space in the Dallas area in the past 18 months, including IHOP, In-N-Out Burger and a Kroger Marketplace in Little Elm. Bill Hanks and Adam Sumrall negotiated the deal in-house along with Pat Patman of Patman Realty Co.
AUSTIN and ROUND ROCK — Retail Solutions, the brokerage division of Reliance Retail, has facilitated the following transactions: World Class Capital Group has purchased the former Katz’s Deli building at 618 W. 6th St. in Austin. Matt Delahoussaye of Retail Solutions represented the seller. Tan It All has signed a lease renewal for 2,288 square feet at Hester’s Crossing at 2400 S. 135 in Round Rock. Cole Brodhead of Retail Solutions represented the landlord. City Blends has also signed a lease renewal at Hester’s Crossing for 1,799 square feet. Brodhead represented the landlord. Allstate Insurance has leased 927 square feet of office space in Cannon West at 6800 Westgate Blvd. in Austin. T.J. Powell of Retail Solutions represented the landlord and Adam Fike of Southwest Strategies Group represented the tenant.
FRISCO — Four tenants have signed new leases in Frisco’s Hall Office Park development with landlord Hall Financial Group. Hall Office Park is comprised of more than 3 million square feet of office space sitting on 162 acres. Kim Butler, Tammy Lomonaco and Brad Gibson represented Hall Financial in-house in the following transactions: Conifer Health Solutions, a Tenet Texas subsidiary, has renewed its 2,809-square-foot lease at 2401 Internet Blvd. Tenet Texas has a total presence of 75,150 square feet in Hall Office Park. ZeOmega has expanded its lease to 7,411 square feet at 3010 Gaylord Pkwy. Montford Management has renewed its 2,919-square-foot lease at 2601 Network Blvd. Michael McCartan of Mark Five Commercial, Inc. negotiated the lease on behalf of Montford Management. Hip Digital Media Inc. has renewed its lease for 1,326 square feet at 2601 Network Blvd.
HOUSTON and AUSTIN — A joint venture of Ascension Commercial Real Estate and Moriah Real Estate Co. has purchased the 4,568-unit, Class B apartment buildings in Austin and Houston. J. Michael Lewis, Greg Austin and Chip Nash of Jones Lang LaSalle’s Capital Markets represented all parties in the transaction. Houston-based LMI Capital’s Ken Lawrence and Chris Pollard arranged the joint venture’s senior financing. Properties featured in the transaction include: Aubry Hills in Austin, 192 units Bay Crest Village in Houston, 96 units Bay Place in Houston, 193 units The Berkshire in Houston, 227 units Hayes Place in Houston, 307 units The Meadows in Houston, 480 units The Park on Burke in Houston, 160 units Pointe at Steeplechase in Houston, 316 units Princeton Club in Houston, 291 units Shadow Creek in Houston, 296 units Sheffield Square in Houston, 190 units Sierra Pines in Houston, 804 units Spring Meadows in Houston, 304 units Timber Run in Houston, 156 units Walnut Bend in Houston, 556 units
DALLAS and GRAND PRAIRIE — Dallas-based Bradford Commercial Real Estate Services has brokered the leases for an industrial site and an office property. Garland-based AYC Group, a salon equipment supplier, has leased 30,845 square feet of office/warehouse space in the Class A Gateway East Business Center in Dallas. The site, located at 4009 Distribution Dr., will serve as its headquarters and distribution hub, and AYC is expecting to occupy the space in early October. Bradford’s Chris Stout and Susan Singer represented the landlord, Northwestern Mutual Life Insurance Co., and Sara Fredericks of Hudson Peters Commercial represented AYC. In addition to AYC’s lease, Bradford brokered Total Turbine’s lease of 10,130 square feet of industrial space in Trinity West Business Park Building 1 at 2550 114th St. in Grand Prairie. Bradford’s Michael Spain and Jim Ferris represented the landlord, William J. Owen Trust and OMO Investment Co.
HOUSTON — Behringer Harvard has refinanced the 502,410-square-foot One BriarLake Plaza in Houston’s Westchase district. The proceeds from the financing and cash on hand were used to repay the balance under Behringer Harvard REIT I, Inc.’s credit facility. NorthMarq arranged new financing for the property through senior lender Bank of America and mezzanine lender SBAF Mortgage Fund I/Lender. The property is 98 percent leased.
ARLINGTON — Arlington Independent School District has hired Cadence McShane Construction Co. to build the new two-story, 44,605-square-foot expansion for Arlington High School at 818 W. Park Row Dr. in Arlington. The new addition is expected to house 14 classrooms, a kitchen and a cafeteria. The project is expected to be complete in July 2012.