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IndustrialTexas

HSMB BROKERS SALE AND LEASE OF 14,000-SQUARE-FOOT INDUSTRIAL BUILDING

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FORT WORTH, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged the sale and subsequent lease of a 14,000-square-foot industrial building located in Fort Worth. The facility is situated on 5 acres at 13201 Harmon Rd. It features 4,000 square feet of finished office space, 1,500 square feet of auxiliary space, grade-level loading and a 3.5-acre storage yard behind the building. The property was purchased by a local investment group. It will be occupied by Newport News, Va.-based Ferguson Enterprises, which will operate the location as the regional headquarters for its waterworks division. Terms of the lease included substantial TI allowances for property improvements, specifically to the storage yard behind the building. The seller is Best Texas Plumbing. HSMB’s Jim Hazard, Brett Heinan and Todd Hawpe were the sole brokers in the transaction.

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CivicTexas

CONSTRUCTION ADVANCING FOR NEW TCC BUILDING

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ARLINGTON, TEXAS — Construction is advancing for the new Science & Academic Building at Tarrant County College’s Southeast Campus, located in Arlington. The three-story building totals 120,000 square feet. Once complete in late 2010, it will house the school’s Life Science and Computer Science programs. It will feature a 150- to 200-student lecture hall, general purpose classrooms, teaching science laboratories, a common prep area, student gathering areas and a three-story atrium. The project is also applying for LEED-Gold certification and is part of the college’s master plan for a new science and technology corridor on the campus. The project architect is Plano, Texas-based SHW Group and the general contractor is the Dallas office of Turner Construction Co.

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HealthcareTexas

RM CROWE AFFILIATE ACQUIRES STAKE IN STONEGATE SURGERY CENTER

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AUSTIN, TEXAS — RMC MedStone, an affiliate of Dallas-based RM Crowe, has acquired a controlling interest in Stonegate Surgery Center, a single-story ambulatory surgery center located in Austin. The facility totals 9,100 square feet and is located at 2501 W. William Cannon Dr. It currently features three operating rooms, one procedure room, three pre-operative suites and seven recovery suites. However, an expansion is under way that will add two operating rooms, four recovery suites, six pre-operative suites and four IV prep pre-operative suites. Additional construction will convert three of the existing per-operative suites to recovery suites as well as expand the office space. Terms of the transaction were not released.

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IndustrialTexas

CBRE BROKERS 32,000-SQUARE-FOOT INDUSTRIAL LEASE

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HOUSTON — CB Richard Ellis (CBRE) has brokered a lease for 32,000 square feet of warehouse/distribution space at West By Northwest Industrial Park, located at 10425 Okanella St. in Houston. The space will be occupied by logistics company Gateway Distribution of Texas. Representing the tenant in lease negotiations was John Simons of CBRE. Holden Rushing represented the landlord, ProLogis Texas II LLC. Terms of the lease were not disclosed.

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CivicTexas

CADENCE MCSHANE AWARDED CONSTRUCTION ASSIGNMENT FOR HIGH SCHOOL

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PLANO, TEXAS — Plano Independent School District has awarded Cadence McShane Construction Co. a 75,715-square-foot addition and renovation assignment at Vines High School in Plano. The project includes 50,000 square feet of state-of-the-art updates to the school as well as a 25,715-square-foot, two-story addition for the school’s new science wing. Construction will begin in late July with completion scheduled for November 2010. Corgan Associates, Inc., is providing architectural services. Vines High School is located on a 17-acre site at 15th Street and Highedge Drive.

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OfficeTexas

CBRE NEGOTIATES OFFICE LEASE RENEWAL

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HOUSTON, TEXAS — Steve Rocher and Dave Hanusa of CB Richard Ellis (CBRE) recently represented the landlord — Riverway Holdings, LP, South Post Oak Holdings and Overland Riverway, LP — in an office lease renewal at One Riverway. Nexus Health Systems renewed its lease of 12,051 square feet at the Class A office building in Houston’s Uptown/Galleria area. Mitch Pearl of UGL Equis represented the tenant in the transaction. Unilev Management Corp. operates One and Three Riverway.

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MultifamilyTexas

LMI CAPITAL ARRANGES DEBT FOR APARTMENT PROJECT

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FRIENDSWOOD, TEXAS — The Woodlands, Texas-based LMI Capital has arranged $1.95 million in debt for the acquisition of the 76-unit Bridgestone Apartments project in Friendswood. Brandon Brown of LMI Capital worked on behalf of Shadowbrooke at Friendswood LLC to secure the 10-year, fixed-rate Fannie Mae loan with one of the firm’s DUS lending sources.

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MultifamilyTexas

ALLIANT CAPITAL FINALIZES APARTMENT COMMUNITY REFINANCE

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BROWNSVILLE, TEXAS — Alliant Capital LLC has finalized the refinance of a 120-unit apartment community in Brownsville. The transaction, which was made on behalf of Waterside Apartments, Ltd., was completed with a 10-year term and 1-year interest only at 5.69 percent. Waterside, which was built in 1983, includes apartments in nine, two-story buildings located approximately 3.5 miles from the city’s commercial business district.

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