HOUSTON — Marcus & Millichap has brokered the $1.61 million sale of a 4,201-square-foot Taco Cabana restaurant in Houston. The property is located at 5930 Gulf Freeway. The firm's Edward Benton and Glen Kunofsky brokered the sale.
Texas
AUSTIN, TEXAS — Ben E. Keith Beverages of Dallas has purchased 12 acres in Austin from an undisclosed party to build a $10 million, 85,000-square-foot facility. The property, which will be located on McKinney Falls Parkway, will include refrigerated space, office space and dry sales material storage. The company has also leased a 41,000-square-foot warehouse from Twin Oaks Associated in Austin. The property, which is located at 2325 E. Ben White Blvd., includes 15,000 square feet of refrigerated space and 4,200 square feet of office space.
HARLINGEN, TEXAS — HHS Rotec has leased an 80,000-square-foot warehouse in the Harlingen Industrial Park in Harlingen from an undisclosed landlord. The housing manufacturer could employ up to 200 workers at the site. The Harlingen Economic Development Corp. helped bring HHS Rotec to the city.
FORT WORTH, TEXAS — KAI Texas has been tapped to design a multi-million dollar renovation at 3520 E. Berry St. in Fort Worth. When completed, the 31,000-square-foot building will become the new home of the National Multicultural Western Heritage Museum. Exhibitions will highlight the area contributions of Native Americans, Hispanic Americans, African Americans and European Americans. Delivery is expected in 2013.
FORTH WORTH, TEXAS — Orix Capital Markets has sold the 264-unit The Hills apartment complex to G8 Forth Worth of Delaware for an undisclosed amount. The property is located at 3101 W. Normandale St. in Forth Worth. Tom Burns and Jay Gunn of Hendricks & Partners' Dallas office represented the seller.
HOUSTON — Phoenix of Texas has signed a 66,000-square-foot lease with Cobalt Industrial REIT II for space in the Sugarland Business Park. The 315,8310-square-foot industrial campus is located on W. Airport Blvd. in Houston. Transwestern's Jude Filippone represented the landlord. Cushman & Wakefield's Beau Kaleel represented the tenant.
CARROLLTON, TEXAS — Product Innovations Research has signed a 58,678-square-foot warehouse lease renewal with Acquiport DFWIP in Carrollton. The property is located in the Venture Distribution property at 1207 Trend Drive. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord. CB Richard Ellis' Nathan Lawrence represented the tenant.
LUBBOCK, TEXAS — CJ Development has obtained an $18.4 million construction loan for the 208-unit Windsor Creek Apartments in Lubbock. The Federal Housing Administration funded the loan for the project, which will be designed by Humphreys and Partners. KeyBank Real Estate Capital secured the financing.
IRVING, TEXAS — Dallas-based Centric Capital Partners has purchased the 10,300-square-foot Ebby Halliday from a Richardson, Texas-based private investor for an undisclosed amount. The single-tenant, net-leased building is located at 7520 MacArthur Blvd. in Irving. Ebby Halliday was built in 1997 and is currently leased through 2016. Marcus & Millichap's Jason Vitorino and Philip Levy brokered the sale.
HOUSTON — Americal Financial TRS has sold a 4,635-square-foot property on a 0.9-acre parcel of land to Copperfield Retail for an undisclosed amount. Located at 6611 Highway 6 North in Houston, the development is leased by Amegy Bank. SRS Real Estate Partners' Rip Reynolds represented the seller.