SALES

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Peloton Capital Partners, in partnership with an Austin-based private equity firm, purchased a five-building, 347k SF office portfolio in the Houston area. The firm will open a Houston office to be led by Ike Kimmel. Property leasing will be handled by Griff Jaggard and Derek Beck with Moody Rambin Interests. The HFF team repping the seller was led by associate director Martin Hogan and senior managing director Dan Miller. HFF managing director Steve Heldenfels repped the borrower in the acquisition financing and JV equity.

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Colliers Ownership Advisory Group's Phil Rosenfeld, Matt Thompson, and Allen Gump sold the last three buildings in a seven-building Mercantile Quaker Industrial portfolio within a year of receiving the assignment. The trio of properties are at 4812, 4821, and 4842 Top Line Dr and total 142k SF and are currently 84% occupied. The seven separately entitled properties totaled 278k SF of warehouse and office space and are located on 11 acres. The first four buildings were sold earlier this year to users and the last three were to a local investor, William Jordan. Matt and Phil also worked with Tom Pearson in the sale of two buildings for Marbenall Properties. Totaling 47k SF in the Stemmons Corridor, one is a 28k SF industrial facility at 8710 Empress Row. It was purchased by Jerald Johnson, CEO of Hydro Temp. Glacier Commercial's Shannon Owens repped the buyer. The trio also sold a 19k SF building at 8918 Governors Row in Dallas to JPA Capital, owned by Jerry Pham, who also runs Texas Chalkboard, which will be occupying the building.

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Realty Income purchased a 579k SF industrial property at 2750 Regent Blvd in Irving. A wholly owned subsidiary of The Boeing Co, Aviall will continue to occupy the space. Transwestern's Tom Clarke brokered the off-market deal for the seller, 6505 Paramount Associates.

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Northmarq Capital arranged a $19M first mortgage financing for Oaks Hackberry Creek Apartments, a 432-unit multifamily at 6901 N SH 161 in Irving. NorthMarq's James Hoopes and Stephen Whitehead arranged financing based on a 10-year term and a 30-year amortization schedule through NorthMarq's relationship with Freddie Mac.

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In-N-Out Burgers purchased 1.2 acres on the northeast quadrant of Precinct Line Road and Airport Freeway in Hurst. Transwestern principal Lester Day, who represented the seller, tells us the site already included a QuikTrip. SRS Real Estate's Mark Newman represented the buyer. Lester is still marketing an additional 4.2 acres adjacent to the site. Lester also repped the buyer, the Potter/Purcell Trust, in the purchase of almost two acres at Hwy 1187 and Old 1187/Rendon Crowley Road in Crowley, across from the new Super Walmart under construction. Henry S. Miller?s Tom Grunnah repped the seller. The deal completes the assemblage of more than four acres of land. Lester now has more than 50 acres across the intersection from the new Super Walmart, which includes six corners either for sale or lease.

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Berkadia Commercial Mortgage closed 15 deals in Texas in June and July totaling more than $157M. Among the deals were two 221(d)(4) projects through the company's HUD FHA program with borrower Encore Multi-family. SVPs/branch managers Tim Nunan,Steve Mentesana, and Matt Greer of Berkadia's Austin office originated almost $14M in fixed-rate construction and permanent financing for Encore on Marlandwood, a Class-A garden-style apartment community in Temple. The second deal was an almost $13M fixed-rate construction and permanent loan for Encore on Pleasant Grove, also a Class-A apartment community, to be developed in Texarkana. Both new properties will feature high-quality amenities and green construction features.

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A local investor purchased the single-tenant Cash Store at the southeast corner of Skillman and Abrams in Dallas from Charter Holdings for an undisclosed amount. Fischer & Co's Mike Bauer and Chris Landers repped the buyer. Brad Rejebian at Frost Bank provided the financing. Gavin Kam of Net Realty Advisors repped the seller.

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The Greater Irving-Las Colinas Chamber of Commerce reports that an Irving hotel firm is transforming a vacant downtown Dallas office building into an all-suite hotel. The former United Fidelity Life Insurance Building at 1025 Elm St has been vacant for more than a decade when Lowen Hospitality Management bought it out of foreclosure and started to convert it into a Homewood Suites by Hilton Hotel. The first phase is to gut the old building and make preparations for redevelopment. Built in 1918, the 10-story high-rise originally housed the offices of Texas & Pacific Railroad.

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First Tennessee Bank, National Assoc purchased 8 acres of at 4203 W Royal Lane in Irving from KDC-Regent II Investments. CBRE's Ann Huntington represented the buyer.

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M & S Real Estate GMBH & Co purchased a 13k SF shopping center at 294 Uptown Blvd in Cedar Hill from Cedar Hill Village. CBRE's Jennifer Pierson, Beth Pierson, and Chris Bodnar represented the seller.

LEASES

Mullis Newby Hurst inked an almost 10k SF deal at Liberty Plaza II in Addison. Holt Lunsford Commercial's Byron McCoy and Mace McClatchy negotiated the lease with Hoctor Commercial Properties'John Hoctor.

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Invacare Corp renewed 64k SF of office/warehouse space at 3460 S Watson Rd in Arlington. Bradford Commercial Real Estate Services CEO/prez Kevin Santaularia and SVP/managing partner Michael Spain along with their Ohio-based CORFAC affiliate, James Klements of Weber Wood Medinger, represented the tenant. John Brewer with CB Richard Ellis represented the landlord, Walton CWTX Grand Prairie 93.

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New York Air Brake Corp leased 50k SF of office/warehouse space in Freeport Corporate Center 2 at 5201 Regent Blvd in Irving from ProLogis Texas III. Bradford Commercial Real Estate Services VP Jim Ferris represented the tenant. Mitch Pruitt of ProLogis represented the landlord.

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New York Air Brake Corp signed an eight-year 50k SF flex industrial space lease at Freeport Corporate Center 2 at 5201 Regent Blvd in Irving doubling its size with its relocation from south Fort Worth.

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Austin Bridge & Road renewed and expanded its lease at 6330 Commerce Dr in Irving for 30k SF. Transwestern's David Wetherington represented the tenant.

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Global Acceptance Credit Co renewed its 10k SF lease at Cordovan Park in Arlington. The 78k SF two-building office complex is located in south Arlington on I-20 between Green Oaks and Little Road. SCM Real Estate is implementing a capital improvement program to update the interior and exterior common areas. SCM Real Estate Services senior leasing agent Beaux Riley represented the landlord. Gordon Smith Real Estate Services? Gary Smith represented the tenant.

THIS AND THAT

NEW BUSINESS

Grubb & Ellis selected SVP Trae Anderson and associate Noreen Mehdi of the Dallas agency leasing team as the leasing agents of Town North Bank at 4455 LBJ. The 12-story 300k SF tower was originally built in 1980 and last renovated in 2008. Available space ranges from 1,000 to 62k SF.

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CB Richard Ellis was awarded the leasing assignment for One MacArthur Ridge, a 253k SF Class-A office building at 919 Hidden Ridge in Irving, on behalf of its owner, Wells REIT II. The building's sole tenant in recent years, Verizon Communications, will vacate the premises by year's end. CBRE SVP J.J. Leonard and first VP Burson Holman will lead the marketing efforts.

KUDOS

The Bridge Homeless Assistance Center was recently selected as the 2011 Gold Medal recipient of the Rudy Bruner Award for Urban Excellence. The 76k SF center, built by Satterfield & Pontikes Construction, provides housing and care for more than 1,000 homeless men, women, and children daily. As winner of the top prize, The Bridge will receive $50,000. Designed by Overland Partners and CamargoCopeland architectural firms, the center occupies a full city block in the south downtown Dallas area and includes a warehouse converted into an outdoor sleeping pavilion set around a courtyard.

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FelCor Lodging Trust?s Holiday Inn Santa Monica Beach at the Pier hotel won the 2011 STR Best Performing Hotel Award for the upper midscale segment, based on 2010 RevPAR performance. One hotel is recognized in each of the seven chain scale segments, as defined by Smith Travel Research.

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National Office Furniture?s Dallas Showroom earned LEED Gold certification. National partnered with PageSoutherlandPage for design services, MEP, structural and LEED project management in earning USGBC's LEED-CI Gold for the Dallas Showroom in the Dallas Decorative Center.

PEOPLE ON THE MOVE

Steven Bradford joined Bandera Ventures as partner. Steven comes to Bandera from Trammell Crow Co, where he served as founder and managing director of a national development and investment initiative for 15 years. At TCC, he developed more than 11M SF of commercial industrial and office space in major cities throughout North America.