REBusinessOnline.com

May 25, 2012

SKYWALKER BUYS BEDFORD OFFICE BUILDING
BEDFORD — SkyWalker Property Partners has purchased a 70,938-square-foot office building, located at 3301 W. Airport Freeway in Bedford. The property is 57 percent occupied and is in a construction zone. SkyWalker was self-represented by Gary Walker and Shane Benner in the transaction. Tom Strohbehn of Grubb & Ellis represented the seller, a California-based family trust. Renee Efimoff and Justin McCarthy of SCM Real Estate Services will handle leasing responsibilities for the property.


M&M BROKERS PROSPERITY BANK SALE
Prosperity Bank, located in Dripping Springs. DRIPPING SPRINGS — Marcus & Millichap has arranged the sale of the 11,344-square-foot Prosperity Bank building, located at 721 W. Highway 290 in Dripping Springs. Greg Gaynor of Marcus & Millichap's Austin office and Ron Hebert of the firm's Dallas office represented the seller, a REIT, in the transaction.


FORMER WASHINGTON MUTUAL BANK SELLS
HOUSTON — Chartway Federal Credit Union has purchased the former Washington Mutual Bank building, a 3,685-square-foot property located at 4373 FM 1960 Road W in Houston. Marshall Clinkscales of Colliers International represented the buyer in the transaction. Peter Licata of Hunington Properties represented the seller, Forest Chase 4373 FM 1960 LLC.


SONESTA TO REBRANDS FOUR-DIAMOND HOUSTON HOTEL
HOUSTON — Sonesta International Hotels Corp. will rebrand the 485-room former Intercontinental Hotel Houston as The Royal Sonesta Hotel Houston, a Four Diamond, 23-story property located in Houston's Galleria area. The hotel offers 50,000 square feet of meeting space, restaurants, a swimming pool and a 24-hour health club. The hotel is slated to come under Sonesta's management in July.


HFF ARRANGES $22.7M LOAN FOR OFFICE BUILDING
10000 NCX, a Class A office building located along Interstate 75 in Dallas. DALLAS — HFF has secured a $22.7 million loan for the 296,360-square-foot 10000 NCX, a Class A office building located along Interstate 75 between Walnut Hill Lane and Royal Lane in Dallas. Travis Anderson of HFF arranged the three-year loan with a one-year extension through GE Capital Real Estate on behalf of the borrower, a joint venture between CREA Investments and Five Mile Capital Partners. The borrower is planning on using the loan to renovate the restrooms, make improvements to the corridor, update the lobby and add a fitness center.

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