PLANO, TEXAS — Adler Realty Investments has signed three leases at Tennyson Office Park, located in Plano. CreditAnswers has signed a lease for 31,000 square feet; Real Estate Disposition Corp. has signed a lease for 14,000 square feet; and Infosys has renewed and expanded its lease by 10,000 square feet, bringing its total to 41,000 square feet leased. Rick Rensi and Clay Gilbert of CB Richard Ellis (CBRE) represented Adler in lease negotiations. Baron Aldridge CBRE represented CreditAnswers; Nelson Somerville of Vaughn Commercial Realty Group represented Real Estate Disposition Corp.; and Pat O’Keefe of CBRE represented Infosys. Terms of the leases were not disclosed.
Texas
DALLAS — Hard Rock Café Dallas is set to officially opens its doors at the Victory Park urban mixed-use development in Dallas on July 15. The 8,900-square-foot location features a 265-seat restaurant and an outdoor dining area with patio seating for 40, as well as a Rock Shop selling Hard Rock’s merchandise. The café was constructed with a “Lucid Dream” design aesthetic, which features uncommon materials that diffuse, project and absorb light. Hard Rock Café Dallas is located at 2211 N. Houston St., at the southern end of Victory Park.
THE WOODLANDS, TEXAS — Beusa Energy Inc. has leased the top floor of the new 4 Waterway Square office building in The Woodlands. Located at the intersection of Waterway Square Place and Woodloch Forest Drive in The Woodlands Waterway Square District, the Class A building is under construction with completion expected in early September. Beusa will relocate from its current offices in the Parkwood Building at 10077 Grogan’s Mill Rd. to its new 24,592-square-foot space at 4 Waterway Square in December. Boston-based Elkus-Manfredi designed the nine-story, 216,000-square-foot office building, which is being built by Harvey Builders of Houston. Gensler Houston is the architect of record. The Woodlands is a project of The Woodlands Development Company.
SOUTH PADRE ISLAND, TEXAS — Lynann Pinkham with Corpus Christi, Texas-based NAI Cravey Real Estate Services, along with Doug Lacy of The Retail Connection, recently represented National Retail Partners in the leasing of the former OfficeMax space at 5625 South Padre Island Dr. Spec’s Liquor, which will occupy the 25,390-square-foot space, will open later this year.
DALLAS — Indianapolis-based Simon Property Group has assumed leasing and management duties for Galleria Dallas, a 1.3 million-square-foot mall located at the interchange of Interstate 635 and the Dallas North Tollway in Dallas. The four-story shopping center contains over 200 stores. It is anchored by Saks Fifth avenue, Nordstrom and Macy’s; additional tenants include Luis Vuitton, Gucci, Baccarat and Tiffany & Co. The property also includes an office tower, a hotel and an ice skating rink — all of which were not included in the transaction. Simon will take control of the property August 1. Galleria Dallas. The mall was previously managed by General Growth Properties, which filed for bankruptcy earlier this year.
FORT WORTH, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged the sale of an 8,600-square-foot flex building, located at 3312-3320 Dooling St. in Fort Worth. The building features office and warehouse space, and is situated on approximately 2 acres. The buyer, Superior Fuels & Lubricants, will be relocating its headquarters from its previous facility at 3200 North Sylvania, also in Fort Worth. Todd Hawpe of HSMB represented the buyer and the seller, RLM Real Estate. The acquisition price was not disclosed.
SUGAR LAND, TEXAS — CB Richard Ellis (CBRE) has brokered the sale of a 3,500-square-foot retail bank building, located at 11770 University Blvd. in Sugar Land. Nizari Progressive Federal Union acquired the property. The financial institution currently has locations in Texas, California and Illinois. CBRE’s Mark Raines, Matt Keener and Russell Janicek represented the buyer. The undisclosed seller was represented by Simmi Jaggi and Elizabeth Clampitt, also of CBRE. The purchase price was not released.
HOUSTON — Grubb & Ellis has brokered the sale of a 4,000-square-foot bank building, located on a 29,906-square-foot site at 1350 W. 43rd St. in Houston. The building is occupied by Wachovia under a 20-year, triple-net ground lease. The building was constructed in 2008. George Cushing and Wendy Vandeventer, both of Grubb & Ellis, represented the seller, Eastbourne Oak Forest LP. Mark Sondock of NewQuest Properties represented the buyer, Patterson Ranch Inc. The acquisition price was not released.
DALLAS — Dallas-based BMC Capital has originated $375,000 in acquisition financing for the purchase of Cole 8 Unit Apartments, an eight-unit multifamily property located in Dallas. Terms of the loan were not disclosed. The seller of the apartment community was represented by Dan Rhodes of Dave Perry-Miller & Associates. The parties involved were not disclosed.
RICHARDSON, TEXAS — Dallas-based TIG Real Estate Services has arranged a lease for 9,624 square feet of office space at 885 E. Collins Blvd., in Richardson. Michael Grant and Ryan Wolcott of TIG represented the landlord, RREEF. Kathy Webster of Collin County Land Co. represented the tenant, Laser Works Inc. Terms of the lease were not disclosed.