SPRING, TEXAS — The LaSalle Group will break ground Tuesday on Autumn Leaves of Cypresswood, a 38-unit assisted living facility. The property will be located at 6327 Cypresswood Drive in Spring. Delivery is slated for the spring of 2011.
Texas
ARLINGTON, TEXAS — H&R Block has sold a 7,192-square-foot office in Arlington to a private medical practice for an undisclosed amount. The property is located on West Green Oaks Boulevard. Colliers International's Eric Goldberg, Matt Thompson and Phil Rosenfeld along with Cassidy Turley in St. Louis represented H&R Block. The medical practice was represented by Mohr Partners.
FORT WORTH — CSFB 2003-C4 Carlton Apartments has sold the 108-unit Carlton apartment complex to G8 Capital LLC Opportunity Fund LLC for an undisclosed price. The property is located at 6301 Woodway Drive in Fort Worth. Peter Hartnett of Hendricks & Partners' Dallas office brokered the sale.
HOUSTON — Cadence McShane Construction Co. has completed the 60,000-square-foot OakBend Doctors Center – Grand Parkway. The Class A medical office building is located on 5 acres on Grand Parkway between Morton Road and Longmeadow Farms Parkway in Houston. Tenants include OakBend Emergency Room, OakBend Imaging, OakBend Medical Group, PLEX and Texas Sports Medicine Institute. Marasco & Associates and Seeberger + Associates designed the project.
HOUSTON — Studely has signed a 15,000-square-foot office lease with Brookfield Properties for space in the 1.19-million-square-foot Three Allen Center. The downtown Houston property will serve as Studley's new Houston office, and the move more than doubles the firm's space. Studley represented itself in the 10-year lease. The landlord also had in-house representation.
HUMBLE, TEXAS — An entity controlled by Fidelis Realty Partners has purchased a 170,000-square-foot retail property for redevelopment from a private party for an undisclosed amount. The property, located at the intersection of Townsen Blvd. and FM 1960 in Humble, formerly housed a Super Kmart. Academy Sports + Outdoors has pre-leased 95,000 square feet of the space. Once construction is completed by next summer, the project will span more than 200,000 square feet.
EL PASO, TEXAS — EPT The Trails at Rancho Vista Apartments LLC has purchased the 310-unit Amberwood apartment complex from Amberwood Housing for an undisclosed amount. The El Paso property contains one-bedroom, two-bedroom and three-bedroom apartments. Winston Black of Hendricks & Partners represented the buyer.
HOUSTON — Tanner McGraw of Marcus & Millichap's Houston office has brokered the $4.3 million sale of Nanes Professional Building between two undisclosed parties. The 55,888-square-foot property, which was constructed in 1984, is located at 17030 Nanes Drive in Houston.
MIDLOTHIAN, TEXAS — Kehe Food Distributors has sold a 316,031-square-foot warehouse to QuikTrip Corp. for more than $10 million. The property, located at 4200 Railport Parkway in Midlothian, contains freezer and cooler sections and has ceilings that are 72 feet tall. Lee & Associates' Trey Fricke and Reid Bassinger represented the seller. Jesse Pruitt of Somervell Commercial Realty and Chris Teesdale of Colliers International represented QuikTrip.
WHITE SETTLEMENT, TEXAS — Co-Operative Industries has acquired a 121,096-square-foot warehouse from a private party for an undisclosed amount. The property is located at 1401 S. Cherry Lane in White Settlement. NAI Robert Lynn's Todd Hubbard represented the buyer. UCR's Ryan Tinch represented the seller.