REBusinessOnline.com

October 08, 2012

DIVCOWEST BUYS TWO DOWNTOWN AUSTIN OFFICE BUILDINGS
DivcoWest has purchased the Littlefield and Scarbrough buildings in downtown Austin. AUSTIN — DivcoWest has purchased the Littlefield and Scarbrough buildings, two office properties totaling approximately 240,000 square feet at Sixth and Congress streets in downtown Austin. DivcoWest bought the historic office buildings from Heitman LLC. The Littlefield Building is 86 percent leased to tenants such as Capital One and HQ Global. The Scarbrough Building is 93 percent leased to retail tenants Gold's Gym, Brooks Brothers and Ruth's Chris Steakhouse, as well as office tenants Frog Design and WeissComm Group.


$15.5M WALMART SUPERCENTER COMING TO SOUTH DALLAS
DALLAS — Satterfield & Pontikes Construction has broken ground on a 185,000-square-foot Walmart Supercenter, located at Ledbetter Drive and R.L. Thornton Freeway in south Dallas. The $15.5 million project is slated for a summer 2013 completion. Dallas-based Raymond Harris & Associates is providing architectural services, Ellison Gage & Associates is providing structural engineering services, Henderson Engineers is providing MEP engineering services and Kimley-Horn and Associates is providing civil engineering services.


BANDIER BROKERS SALE OF REO RETAIL CENTER
KATY — BANDIER Realty Partners' Foreclosure Asset Services Team (FAST) has arranged the sale of a foreclosed, 58,602-square-foot retail center, located at 455 Katy Fort Bend Road in Katy. The property is currently 7 percent leased. Jason Tangen and Rob Banzhaf of BANDIER Realty Partners represented the seller, Golden Bank, N.A., in the transaction. BANDIER has turned its efforts to leasing the center on behalf of the buyer, Astra Ventures.


THREE-STORY OFFICE PROPERTY IN MIDTOWN HOUSTON SELLS
HOUSTON — A historic three-story, 6,122-square-foot office property, located at 3006 Brazos St. in midtown Houston, has been sold. The office building is also known as the Judge Tom Mullins Building. Christopher Dray of Moody Rambin's Investment Services Group represented the seller, James Patrick Smith PC, in the transaction. Jay Wall of Moody Rambin's Tenant Rep Services represented the buyer, Dunn, Neal & Gerger LLP.

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