September 10, 2012
S&P COMPLETES $14M HIGH SCHOOL FACILITY

Rendering of the Jack T. Trotter Academics & Sciences Building in Bellaire.
BELLAIRE — Satterfield & Pontikes Construction has recently finished the 78,000-square-foot Jack T. Trotter Academics & Sciences Building, a $14 million high-tech facility on Episcopal High School's campus in Bellaire. The facility offers wireless white boards, touch-screen computers, a two-story lobby, classrooms, science and language labs, performing arts and administrative areas. Jackson & Ryan Architects designed the facility.
 
   
375,000 SF INDUSTRIAL FACILITY SELLS
PARIS — A 375,000-square-foot industrial facility, located on 89 acres at 2020 19th St. NW in Paris, has recently sold. Bob Chodos, Chris Cummings and Allen Gump of Colliers International represented the seller, Sara Lee Diversified LLC, in the transaction. The buyer was NWC-Paris LLC.
 
   
CADENCE MCSHANE DELIVERS ELEMENTARY SCHOOL

Seagoville North Elementary School in Seagoville.
SEAGOVILLE — Cadence McShane Construction Co. has completed the development of the 106,462-square-foot Seagoville North Elementary School, located at 1900 Seagoville Road in Seagoville. The school is within the Dallas Independent School District and will serve approximately 810 pre-kindergarten through fifth-grade students. The school will feature 39 classrooms, science labs, computer labs, a media center, multipurpose room, kitchen, cafeteria, library and gymnasium space. PageSoutherlandPage designed the school to meet the Collaborative for High Performance School Design Guidelines. The school is part of the 2008 Dallas ISD Bond Program, a $1.35 billion capital improvement plan.
 
   
JPMORGANCHASE TOWER SIGNS SEVERAL LEASES

JPMorganChase Tower, a 75-story office tower located in downtown Houston.
HOUSTON — The 1.7 million-square-foot JPMorganChase Tower, a 75-story office tower located at 600 Travis St. in downtown Houston, has experienced a frenzy of leasing activity. The tower is now more than 96 percent leased, thanks to leases totaling more than 145,000 square feet. Linn Energy has expanded its lease by 58,944 square feet, which brings the total to 175,000 square feet. Trey Strake and Chris Oliver of Cushman & Wakefield represented the tenant in lease negotiations. Hines is the property manager of JPMorganChase Tower. Other leasing activity includes Breitburn Energy Partners expanding its lease by 22,561 square feet for a total of 66,045 square feet; Indigo Minerals and M2 Midstream renewed leases for 21,900 square feet; Denham Capital Management renewed its lease for 13,191 square feet; Crest Investment Co. renewed its lease for 11,493 square feet; KKR has expanded its lease by 9,286 square feet for a total of 23,291 square feet; McMurrey Investment Advisors signed a lease for 5,281 square feet; and KeyBank National Association signed a lease for 2,533 square feet.
 
   
LMI ARRANGES TWO MULTIFAMILY LOANS
BEDFORD AND FORT WORTH — LMI Capital has arranged $7 million in loans for two multifamily properties: Cottages of Bedford Apartments at 2000 Park Place Blvd. in Bedford and Travis Gardens Apartments at 2901 Travis Ave. in Fort Worth. Chris Pollard of LMI Capital arranged $5 million in acquisition financing with a 10-year term through Fannie Mae for Cottages of Bedford. Pollard also arranged a $2 million loan with a 10-year term for the borrower to pay off existing debt for Travis Gardens.
 
   
Texas

 

 
 
 
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