GRAND PRAIRIE, TEXAS — TFP1 1159 has sold a 15,064-square-foot warehouse to D&R Ward Properties for an undisclosed amount. The property is located at 1159 113th St. in Grand Prairie. Donnie Rohde and Mark Graybill of Lee & Associates represented the seller. Brett Heinen of Henry S. Miller Brokerage represented the buyer.
Texas
FORT WORTH, TEXAS — ConAgra Grocery Products Co. has sold a 211,743-square-foot warehouse to Allen's Inc. for an undisclosed amount. The property is located at 1734 E. El Paso St. in Fort Worth. CB Richard Ellis' David Sours, Kevin Kelly, Tim Vogds and Bob Scully represented the seller.
DALLAS — A 30,770-square-foot Best Buy store will open in a former Circuit City location this August in Dallas. The space is in Prestonwood Town Center, which is located at the intersection of Beltline Road and Montfort Drive. Prestonwood also houses Barnes & Noble, PETCO, Office Depot, Michael's and Walmart. The Woodmont Co.'s Susan Ridley represented Best Buy in negotiations. Mark Reeder and Mark Newman of SRS Real Estate Partners represented the landlord.
BURLESON, TEXAS — Marcus & Millichap has brokered the sale of the 4,921-square-foot Christian Brothers Automotive store between two private parties for an undisclosed amount. The brand-new property, which is located at 350 NW John Jones Drive, is leased to the tenant for 15 years. The firm's John Erthein and Mark Thiel represented the buyer. Jason Vitorino and Philip Levy of the firm's Dallas office represented the seller.
HOUSTON — W.S. Bellow's Construction has finished vertical construction of Texas Children's Hospital's new maternity center. The $575 million Houston project spans 796,000 square feet and a 532,000-square-foot parking deck. The property connects to the Texas Medical Center by way of a pedestrian bridge. Delivery is slated for winter 2011. The building was designed by FKP Architects and Inventure Design. A second tower also is planned, and that will bring the maternity center's footprint to 1.9 million square feet.
HOUSTON — Ascension Commercial Real Estate has purchased Tierra Del Sol Apartments from a private party for an undisclosed amount. The 270-unit multifamily property is located on 10 acres at 8000 Cook Road in Houston. The buyer plans to undertake major property renovations. Tierra Del Sol features two swimming pools, a playground and a clubhouse.
HOUSTON — Suncoast Realty has sold a 36,835-square-foot warehouse to HT Shop Realty for an undisclosed amount. The property is located at 5148 Lotus St. in Houston. NAI Houston's Chris Kugle, John Ferruzzo and Dustin Gillioz represented the seller. Pacific Financial's Corey Ferguson represented HT Shop Realty.
ROUND ROCK, TEXAS — A subsidiary of Jabil Circuit Inc., an electronics design, manufacturing and product management company, has signed a long-term lease extension for 64,771-square-feet in Building D at Crystal Park II in Round Rock. Located at 106 Old Settlers Boulevard, the 169,301-square-foot property is owned by KBS Real Estate Investment Trust. Holice Jeffries of the Memphis, Tenn., office of Central States Realty represented Jabil in lease negotiations, while Greg Johnson and Luke Wheeler of Transwestern Commercial in Austin represented KBS.
GATESVILLE, TEXAS — Cameron, Texas-based Vansh Hotels has purchased a 63-room, 35,948-square-foot Ramada Hotel at 111 North Highway 36 Bypass in Gatesville. Situated on 2.15 acres, the 3-story property was built in 2004 and houses a meeting room, breakfast area, business center, fitness center, outdoor pool and guest laundry. Manoj Shah of NAI Capital's Ontario, Calif., office represented the buyer, and Denny Chung of Los Angeles-based NC Investment Group represented the undisclosed seller.
FRIENDSWOOD, TEXAS — CHASE Bank has broken ground in Friendswood on a new location, its third branch in the city. Located at 255 W. Parkwood Ave., the new store will span 4,200 square feet and will house nine workers. Delivery is slated for this fall. Armed with a $15,000 economic incentive grant, HomeTown Bank is developing a 7,864-square-foot branch in the Friendswood Village Shopping Center. The $1.6 million property, located at 600 S. Friendswood Drive in Friendswood, will be built on 0.96 acres of land. When complete, the bank will occupy 4,779 square feet and lease the remainder of the building to another party.