HOUSTON — Northmarq Capital has arranged a permanent mortgage for the 428,831-square-foot Energy Tower II located at 1720 Katy Freeway in Houston. Energy Tower II is a 17-story, Class A office tower in the Energy Plaza development. Financing was based on a 10-year term with a 30-year amortization schedule. John Burke of NorthMarq arranged financing for the borrower, Energy Tower II Investments, through NorthMarq’s relationship with Pacific Life Insurance Co.
HOUSTON — Transwestern’s Houston office has completed more than 44,000 square feet of office leases at Greenspoint Park, an office campus comprising 350,000 square feet, located at Northchase and Benmar Dr. Michelle Wogan of Transwestern and her team represented RM Crowe, the landlord, in the negotiations. New leases include the following: Scientific Drilling has leased 20,700 square feet, and Clay Peeples of Boyd Commercial represented them in the transaction. Integrated Production Systems has leased 16,500 square feet, and David Bale of Jones Lang LaSalle represented them in the transaction. Bankers Life and Casualty has leased 3,200 square feet, and John Parsley of Colliers International represented them in the transaction. Interstate Tax Management has leased 824 square feet.
HOUSTON — Stamford, Conn.-based Riveroak Investment Corp. has purchased an 85,701-square-foot flex building in Houston for $17.15 million. The three-story building is located at 16400 Park Row in the Park Ten Business Park and is fully occupied by Kraton Polymers. Martin Hogan and Dan Miller of Holliday Fenoglio Fowler represented the seller, Eastbourne Park Row, in the transaction. George Yerrall and Derek Eakin represented Riveroak in-house. The purchase was financed with $10.3 million of debt from Wells Fargo.
MCKINNEY — McKinney-based SRS Acquisition Corp. has acquired Rockford, Ill.-based Century Building Supply Inc. to expand its distribution resources. SRS Acquisition is a company of independent roofing distributors that serves professional roofing contractors with products and services. The acquisition is another step in SRS Acquisition’s expansion. Doug Smith and Fred Zweifel of Generational Equity, advisors to Century Building Supply, led the acquisition process.
CARROLLTON — Cleveland-based PAI Dallas has sold a 32,480-square-foot office/warehouse in Carrollton to M-D Investments. The property sits on 1.9 acres at 2555 Tarpley Rd. in the Trinity Square Business Park. Brian Pafford and Kevin Santaularia of Bradford Commercial Real Estate Services represented PAI Dallas, and Jean Russo of Cushman & Wakefiled of Texas Inc. represented M-D Investments. The warehouse includes 1,6800 square feet of office space, four dock doors and 50 parking spaces.
DALLAS — Dallas-based Accor North America has opened 22 franchise locations in the first half of 2011, 20 of which are Motel 6 and the other two are Studio 6. The new hotels are located in Manitoba, California, Iowa, Illinois, Mississippi, North Dakota, New Jersey, Ohio, Oklahoma, South Carolina, Texas, Utah, Virginia and West Virginia.
TEXAS — Houston-based NewQuest Properties has facilitated four recent land purchases or leases. These include: NewQuest has leased 4,200-square-feet of land to Panera Bread in Victory Lakes Town Center at Interstate 45 and FM 646 in League City. Heather Nguyen represented NewQuest in-house and Matt Strange of SmithCo Development represented Panera. NewQuest represented the landlord in leasing 1,575 square feet of space to Orange Wave at The Shops at Fry Rd in Cypress. Nguyen and Rebecca Le represented NewQuest in-house and Blake Virgilio of Cardwell Cos. represented the tenant. NewQuest represented Trustmark National Bank in the sale of 19.9 acres at Beltway 8 and Fallbrook in Houston. Jeff Lokey and Ryan Sweeney represented NewQuest, and Joseph Smith and Carson Underwood of CB Richard Ellis represented the buyer. NewQuest represented Inland American Retail Management in leasing 1,350 square feet of land to Smart Drinks & Sports Nutrition in Eldridge Lakes Town Center in Houston. Bob Conwell represented NewQuest and Mark Raines of CB Richard Ellis represented the tenant.
TEXARKANA — EnTrust Realty Advisors has brokered the sale of the 17,500-square-foot Texarkana Surgery Center in Texarkana. EnTrust Realty represented the owner, The Westminster Funds, in the transaction. New York-based American Realty Capital Healthcare Trust Inc. purchased the property. The site is a single story and houses the ambulatory surgery center and is 100 percent leased by Texarkana Surgery Center, L.P.
KATY — Houston-based Vista Equities Group reports a rise of lease activity in its mixed-use town center development, LaCenterra at Cinco Ranch, in Katy. Retailers have leased 3,100 square feet of Phase I retail space and almost 6,000 square feet of office space. New retailers include Another Round and Flip Flop Shop, and other retailers include Amerejuve Med Spa, Retina Consultants and Eventsia Group. The leasing activity has prompted Phase II construction on 36,000 square feet of retail space that will commence this fall, with an opening of spring 2012 expected.
HOUSTON — Bio-Path Holdings, Inc., has consolidated its offices into one central location in Houston. Bio-Path will now be headquartered at 2626 South Loop, Suite 180, which is located on the south side of the Texas Medical Center near The University of Texas MD Anderson Cancer Center. Bio-Path is a biotechnology company developing a liposomal delivery technology for nucleic acid cancer drugs.
