| |
 |
|
 |
| |
| August 16, 2012 |
 |
| SABAL PURCHASES $121.5M LOAN PORTFOLIO |
|
NEWPORT BEACH, CALIF. — Newport Beach-based Sabal Financial Group has acquired a $121.5 million loan portfolio including 44 loans in Texas, Florida, North Carolina, South Carolina, Georgia, Virginia and Missouri, from a Southeast-based regional bank. Sabal will provide loan servicing and asset management for the portfolio.
|
|
|
|
|
| |
|
|
| $30M MIXED-USE PROJECT IN DOWNTOWN PLANO TO BREAK GROUND |
|
PLANO — A public-private partnership between Franklin, Tenn.-based Southern Land Co., Chicago-based NXT Capital and the City of Plano have plans to develop a $30 million mixed-use development in downtown Plano. The transit-oriented development will feature 279 multifamily units and 9,000 square feet of retail space, including an urban 7-Eleven store. Residents of the development will have access to a fitness facility, swimming pool and be within walking distance of Historic Downtown Plano. The project is slated for a spring 2014 completion.
|
|
|
|
|
| |
|
|
| WESTMOUNT ACQUIRES 1.13M SF DISTRIBUTION CENTER |
|
GARLAND — Westmount Realty Capital has purchased Garland Business Park, a 1.13 million-square-foot distribution and warehouse center located at 2600 McCree Road in Garland, near Dallas. The dry storage and freezer/cooler center is situated on a 66-acre, rail-served site. Westmount plans to rebrand the center as Garland Logistics Park and spend approximately $12 million in improvements during the next three years. The center is currently 70 percent leased to national and regional tenants. David Sours, Kevin Kelly and Jack Fraker of CBRE Group represented the seller in the transaction, and Sours and Kelly will be the new leasing brokers for the project.
|
|
|
|
|
| |
|
|
| BRIXMOR SELLS FIVE SHOPPING CENTERS |
North 45 Plaza in Houston.
HOUSTON — Brixmor has sold five shopping centers totaling 262,755 square feet in the Houston MSA. The centers include North 45 Plaza, Tidwell Place Shopping Center and Lazybrook Shopping in Houston, as well as Parkview West Shopping Center and Parkview East Shopping Center in Pasadena. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller in the transaction. A Dallas-based private investor group acquired North 45 Plaza, Tidwell Place and Parkview West. A Houston-based investor purchased Lazybrook and an Amarillo-based partnership acquired Parkview East.
|
|
|
|
|
| |
|
|
| THREE FIRMS SIGN LEASES AT HALL OFFICE PARK |
Hall Office Park, a 2 million-square-foot office development located in Frisco.
FRISCO — Three firms have signed new leases at Hall Office Park, a 2 million-square-foot office development located in Frisco. Bolinger & Hogue has renewed its lease for 2,816 square feet at 2595 Dallas Parkway; Jordan, Houser & Flournoy has renewed its lease for 1,103 square feet at 2591 Dallas Parkway; and Maxim Management has signed a new lease at 2801 Network Blvd. Kim Butler, Tammy Nellis and Brad Gibson of Boyer Group represented the landlord, Hall Financial Group, in the lease transactions. Greg Whittington of Cresa Partners represented Bolinger & Hogue and Alexis Martinez of Stream Realty represented Maxim Management Group.
|
|
|
|
|
| |
|
|
|
Texas
|
|
 |
| |
|
|
