FRIENDSWOOD — Texas Gulf Bank has broken ground on a new 4,665-square-foot branch, located at 1005 Friendswood Dr. in Friendswood. The new facility is slated for an early 2012 delivery. Eric Batte and Scott Clanton of McCleary German Architects designed the new facility, and Construction Masters of Houston are in charge of construction. The branch will feature a four-lane motor bank and an outside ATM.
HOUSTON — Braun Enterprises has acquired the 14,000-square-foot former Harolds in Heights clothing store, located at 350 W. 19th St. in Houston's Heights neighborhood. Houston-based Baker Katz represented the Wiesenthal family, the seller, and the buyer was self-represented.
BOULDER, COLO. — NorthMarq’s Denver regional office has arranged permanent financing of $3.3 million for Walnut Gardens, a neighborhood retail center in Boulder. The 38,965-square-foot center was built in 1977 and is fully leased and occupied. Financing was arranged by NorthMarq’s Greg Benjamin, senior vice president, and Jim DiRienzo, senior investment analyst. It was arranged for a long-term client of the firm’s Denver office.
HARRISON, ARK. — A partnership between Henzlik-Oliver Real Estate Cos. and Joshua Simon of S/I Real Estate has purchased the 145,000-square-foot North Hills Shopping Center, located in Harrison, from Vanguard Properties for $2.88 million. The center is fully leased to Tractor Supply, Carmike Theatre, Fred's, Big Lots and Country Mart Grocery. T.J. Lefler of Fayetteville, Ark.-based Sage Partners represented both parties in the transaction.
PHILADELPHIA — Isen Trust has purchased a 70,000-square-foot facility, located at 200-206, 208, 210 and 212 N. 21st St. in Philadelphia, that once housed the three-building Please Touch Museum. Isen plans to use the property as an art gallery and art store. The property features an open floor plan with exposed wood floors, columns and ceilings. Joe Muldoon and Chris Lange of Binswanger's Philadelphia office represented the seller.
NEWPORT NEWS, VA. — Calkain Cos. has negotiated the $3.3 million sale of a 16,510-square-foot showroom, located at 11967 Jefferson Ave. in Newport News. The property is currently leased to La-Z-Boy Furniture Galleries. Bob Browning of Calkain's Wilmington, Del., office, along with Andrew Fallon of the Restin, Va., office represented the seller. The buyer was a local investment group.
TITUSVILLE, FLA. — SIKON Construction has completed a $3 million, 45,600-square-foot Publix at St. John's Plaza, located at 3275 Garden St. in Titusville. The new store will replace the previous location at 3265 Garden St. PMAT Real Estate Investments developed the store and Cuhaci & Peterson was the architect.
HOUSTON — O'Connor Capital Partners and Wafra Investment Advisory Group have developed a fund to acquire the 278,209-square-foot Baybrook Village, an open-air center in Houston. The development is anchored by Sports Authority, Ross Dress for Less and Toys R' Us. Other tenants include PetSmart, ULTA, Jos. A. Bank and JoAnn Fabric & Crafts. Blue Gate Partners represented the seller, a family advised by New York City-based Conventry Real Estate Advisors.
LANDOVER HILLS, MD. — Bethesda, Md.-based Broad Street Realty has acquired the 68,000-square-foot Crestview Square Shopping Center, located at 6747 Annapolis Rd. in Landover Hills, from AG-FCP Cherry Hill for $10.7 million. Value Village anchors the center, which is fully leased. Andy Stape and Matt Adler of KLNB Retail's Washington, D.C., office represented the seller in the transaction. The buyer was self-represented by Tim McCann.
STRASBURG, VA. — Calkain Cos. has brokered the $2.85 million sale of the 15,547-square-foot Cedar Creek Station, located south of the intersection of Interstates 81 and 66 in Strasburg. Betty Friant of Calkain Cos.' Reston, Va., office represented the seller, Scott Rosenfield of La Rose Development. Trow Littleton of Armfield Miller & Ripley represented the buyer, a local investment group.