MANSFIELD, TEXAS — Evansville, Ind.-based Brake Supply Co. has acquired a 78,000-square-foot warehouse located in Mansfield. The facility, which is situated on 8.5 acres within the 1187 Business Park at 2115 FM 1187, will be used by the company as a new operations and distributions facility for the Dallas/Fort Worth Metroplex. Brake Supply Co. was represented by Jim Hazard and Todd Hawpe of Dallas-based Henry S. Miller Brokerage. The seller, California-based Robhanna & Waltco, was represented by Jeff Givens and Amy Baker of Fort Worth-based NAI Huff Partners. The property is part of a larger parcel that was divided for the sale. A 64,170-square-foot building and 13.86 acres of land still remain for sale.
HOUSTON — Holliday Fenoglio Fowler (HFF) has arranged an $8.8 million loan for the Concourse at Westway, a two-story, 129,724-square-foot office building located on the West Sam Houston Tollway in Houston. The Class A, multi-tenant facility was constructed in 1999. It is currently fully occupied by five tenants, including Stewart Title Co. Eagle Energy Partners and Nextel of Texas. It is located within the 150-acre Westway Park mixed-use development. Todd Sugimoto of HFF’s Los Angeles office and Jeff Knowles of the firm’s Houston office originated the financing on behalf of Guggenheim Real Estate. Terms of the loan include a 3-year term with a floating interest rate. Proceeds will be used to replace an existing loan that matured in December 2008.
THE WOODLANDS, TEXAS — The Woodlands-based iCap Realty Advisors has merged with Nashville-based Q10 Capital. All iCap offices will immediately begin operating as members of Q10. With the merger, Q10 now includes 18 member firms with offices in 27 markets nationwide. Bob Stout, president and CEO of Q10, will continue to manage day-to-day operations for the combined companies.
FORT WORTH, TEXAS — Construction is complete for Wilcox Plaza at Green Oaks, a $15.4 million office project located in Fort Worth. Situated on an 8.77-acre site that formerly housed the Green Oaks Hotel, the property comprises a three-story, 196,000-square-foot office building. The project was designed by the Dallas office of Omniplan and is expected to receive LEED-Gold certification. Sustainable features include the preservation of the site’s original oak trees, a low-reflectivity roof, a structure comprised of recycled steel manufactured locally, low-VOC interior materials, and efficient water and energy systems. The project was developed by Wilcox Development and marks the second LEED-certified project Omniplan has completed for the developer.
GARLAND, TEXAS — Texas-based Cencor Realty Services has completed renovations for Oakridge Plaza Shopping Center, a 184,000-square-foot community retail center located at the corner of Belt Line and Jupiter roads in Garland. The center was originally constructed in the early 1980s. Renovations included new raised metal roofs, new raised façade elements, new lighting and signage, new pylon signs, a remodeling of the center’s clock tower and a new color scheme. The center is shadow-anchored by Saigon Mall. Tenants include Black-Eyed Pea, GameStop, AT&T, State Farm and Subway. The project architect was Jordan Architects and the general contractor was Bredow Construction.
PLANO, TEXAS — Richardson, Texas-based Rockwall Hospitals has acquired Integra Hospital Plano, a 73-bed rehabilitation facility located in Plano. The facility opened in April 2007. It offers both inpatient and outpatient suites, and provides services in neurology, physical therapy, speech therapy and occupational therapy. It also includes 12 skilled nursing beds. The hospital will retain its name. The former owner of Integra Hospital Plano, locally based Integra Hospital Management LLC, filed for bankruptcy in late 2008. The acquisition price was not disclosed.
HOUSTON — NAI Houston has brokered the acquisition of a 21,000-square-foot industrial facility located within Cutten Road Business Park in Houston. NAI’s John Ferruzzo and Joel Michael represented the buyer, Adams Valves Inc. Charlie Christ provided in-house representation for the owner and developer of the facility, locally based Clay Development & Construction. The acquisition price was not disclosed.
FLOWER MOUND, TEXAS — Naterra International, a beauty care product manufacturer, has leased 63,260 square feet within the Corporate Ridge business center in Flower Mound for its corporate headquarters and distribution center. Naterra produces four product lines sold at retailers, including Tree Hut, All That Glitters, Colorgen and Baby Magic. The new lease will bring 28 jobs to Flower Mound; the company will continue to operate its Dallas manufacturing facility. Corporate Ridge is a 477,000-square-foot development; it currently has 41,000 square feet remaining for lease.
HARLINGEN, TEXAS — The Harlingen City Commission has approved a new service center for UnitedHealth Group in Harlingen. The facility will be located at 222 S. 77 Sunshine Strip in a 55,000-square-foot building formerly occupied by Albertsons. The building will be purchased by the Harlingen Economic Development Corp. and leased to UnitedHealth Group, which will spend more than $6 million renovating and fitting up the building. The new service center will be operated by Ovations, UnitedHealth’s senior health and well-being company. It will include customer service and sales representative positions, as well as a variety of management, information technology and training personnel. Completion is scheduled for August.
ALLEN, TEXAS — The topping out ceremony has been held for the Courtyard by Marriott Dallas – Allen Hotel & Conference Center, located in Allen. The hotel totals nine stories with 228 rooms and an adjoining 15,000-square-foot conference center. It features a full-service restaurant, a 24-hour convenience store, a lounge with big-screen televisions, a business center, an indoor swimming pool and whirlpool, and a fitness center. The conference center features a 9,300-square-foot ballroom with a 1,300-person capacity. The project is owned by John Q. Hammons and will be operated by Springfield, Mo.-based John Q. Hammons Hotels & Resorts. Crossland Construction is serving as general contractor. Completion of the project is scheduled for October 2008. The new Courtyard by Marriott is situated at 210 E. Stacy Rd. within the Village at Allen, one component of Dallas-based MGHerring Group’s 3 million-square-foot Village at Allen and Village at Fairview mixed-use project. The Village at Allen component opened in October 2008. The new hotel will be located adjacent to the new $50 million Allen Event Center, a 7,500-person venue that is slated to open in November.