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Phillips 66 has plans to build its new global headquarters in Houston's Westchase District.
HOUSTON — Phillips 66 has plans to build its new global headquarters on a 14-acre site, located between Westheimer Road and Briar Forest Drive in Houston's Westchase District. Phillips 66 will acquire the property from an affiliate of Thomas Properties Group. The campus will include office space, conference capabilities, training facilities and wellness and dining options. Construction is slated to take between two to three years and will commence when the design is finalized and the permits are in place. Phillips 66's temporary headquarters are in the Pinnacle Westchase building.
CAPITOL SENIORS HOUSING BUYS TWO TEXAS FACILITIES
Franklin Park Canyon Creek in Plano.
PLANO AND NORTH RICHLAND HILLS — Washington, D.C.-based Capitol Seniors Housing has purchased the Franklin Park Canyon Creek in Plano and the Franklin Park Hometown in North Richland Hills, two independent living facilities previously owned by Franklin Development Co. Doug O'Toole and Rod Llanos of Marcus & Millichap's Houston office represented the seller in the transaction. The two independent living communities include walk-in closets, patios, balconies, covered parking, garages and elevator access.
RUISSEAU VILLAGE IN PLANO SELLS
Ruisseau Village, a shopping center located at 3303 N. Central Expressway in Plano.
PLANO — Bo Avery, an investor based in Texas, has purchased the 123,011-square-foot Ruisseau Village, a shopping center located at 3303 N. Central Expressway in Plano. Dan Avnery of Retail Realty represented the buyer in the transaction. Kelly West of C-III Realty represented the seller, Wells Fargo Bank, which acted as trustee for the registered holders of JPMorganChase Commercial Mortgage Securities Corp. C-III Asset Management serviced the transaction.
PROVIDENCE TOWERS INKS THREE NEW LEASES
Providence Towers, a 515,732-square-foot office complex in Dallas.
DALLAS — Newport Beach, Calif.-based KBS Realty Advisors has finalized three new long-term leases totaling 18,552 square feet at the 515,732-square-foot Providence Towers, which KBS acquired in 2009. Marcus & Millichap will lease 10,205 square feet on the first floor of Providence Tower West, White Rock Oil and Gas will occupy 5,780 square feet in the Providence East Tower and Investment Talk Advisors will occupy 2,567 square feet on the second floor of Providence Tower West. Kim Brooks, Justin Miller and Scott Walker of Transwestern's Dallas office represented the owner in the lease transactions. Chris Sido of Swearingen Realty Group's Dallas office and Scott Flanagin of Warren Wixen Real Estate Services' Los Angeles office represented Marcus & Millichap. Sandy Matejek of Jones Lang LaSalle's Dallas office represented White Rock, and Investment Talk Advisors was self-represented.