ODESSA — American Realty Capital Healthcare Trust has purchased a ground leasehold interest in the 230-bed Odessa Regional Medical Center, an on-campus medical office building fully leased to Odessa Regional Hospital located at 520 E. Sixth St. in Odessa, for $7.4 million. The tenant lease expires in May 2023 and the ground lease expires in July 2057.
HOUSTON — Jones Lang LaSalle has arranged the sale of the 168,956-square-foot 1800 Bering, a 10-story Class B office building located in Houston's San Felipe/Voss submarket. JLL also arranged debt financing for the buyer, Bering Office Partners LLC, a joint venture between Harbert United States Real Estate Fund IV and Houston-based Fuller Realty Advisers. Rudy Hubbard, Paul House and Leah Gallagher of JLL's Houston office arranged the financing.
BEAUMONT — The 17-story Edison Plaza complex, the only Class A office building in southeast Texas, has been purchased by AlbaneseCormier Holdings. The building is located in Beaumont's Central Business District. AlbaneseCormier plans to renovate the property to include a fitness center and a dining facility.
FORT WORTH — Construction has begun on a new 30,000-square-foot retail development and outdoor plaza at City Place, located at Throckmorton and Third streets in Fort Worth's Central Business District. The property was designed by WDG Architecture's Dallas office and is being built by Rogers-O'Brien Construction. Chris Corbin, Michael Dearden and Theo Thompson of Venture Commercial's Dallas office will handle retail leasing for the property, which is being developed by Dallas-based Spire Realty Group.
DALLAS — The Cirrus Group and Dallas-based Realty Capital Partners has sold the 60-bed Reliant Rehabilitation Hospital, located at 7930 Northaven Rd. in Dallas, to American Realty Capital. The hospital was fully leased to Reliant Healthcare Partners and 20 physician practices at the time of the sale.
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.