ASCENSION GROUP COMPLETES $98 MILLION HOSPITAL EXPANSION
DALLAS -- Arlington-based Ascension Group Architects has finished the $98 million expansion of Forest Park Medical Center, located at 11990 N. Central Expressway in Dallas. The expansion included three additions: a 125,000-square-foot surgical facility, a 138,000-square-foot facility connecting to the hospital through the lobby and a 780-vehicle parking garage with a covered walkway. Adolfson & Peterson Construction served as the general contractor.
BOXER PROPERTY ACQUIRES TWO OFFICE PROPERTIES IN DALLAS
|14800 Quorum Rd|
DALLAS -- Houston-based Boxer Property has purchased two office properties totaling 205,941 square feet, located at 13140 Coit Rd. and 14800 Quorum Rd. in the Quorum Business Park in north Dallas. The Coit Road building, also known as Office Alpha, is currently 84 percent leased and 14800 Quorum is currently 96 percent leased. Mike Hardage and Steve Simon of Transwestern's Dallas office represented the seller, KBS Realty Advisors, in the transaction. Boxer Property was self-represented.
ARC HEALTHCARE ACQUIRES ODESSA MOB FOR $7.4M
|ODESSA -- American Realty Capital Healthcare Trust has purchased a ground leasehold interest in the 230-bed Odessa Regional Medical Center, an on-campus medical office building fully leased to Odessa Regional Hospital located at 520 E. Sixth St. in Odessa, for $7.4 million. The tenant lease expires in May 2023 and the ground lease expires in July 2057.
EDISON PLAZA OFFICE BUILDING IN BEAUMONT SELLS
BEAUMONT -- The 17-story Edison Plaza complex, the only Class A office building in southeast Texas, has been purchased by AlbaneseCormier Holdings. The building is located in Beaumont's Central Business District. AlbaneseCormier plans to renovate the property to include a fitness center and a dining facility.
CIRRUS GROUP, REALTY CAPITAL SELLS DALLAS HOSPITAL
DALLAS -- The Cirrus Group and Dallas-based Realty Capital Partners has sold the 60-bed Reliant Rehabilitation Hospital, located at 7930 Northaven Rd. in Dallas, to American Realty Capital. The hospital was fully leased to Reliant Healthcare Partners and 20 physician practices at the time of the sale.
NEW RETAIL DEVELOPMENT BREAKS GROUND IN CITY PLACE
FORT WORTH -- Construction has begun on a new 30,000-square-foot retail development and outdoor plaza at City Place, located at Throckmorton and Third streets in Fort Worth's Central Business District. The property was designed by WDG Architecture's Dallas office and is being built by Rogers-O'Brien Construction. Chris Corbin, Michael Dearden and Theo Thompson of Venture Commercial's Dallas office will handle retail leasing for the property, which is being developed by Dallas-based Spire Realty Group.
| Lease: 24,177 SF - Industrial|
Property: Champion Center, 1515 Champion Dr., Carrollton
Tenant: Tri Pack Enterprises
Tenant Broker: Shawn Hall, Bradford Commercial Real Estate Services
Landlord Broker: Adam Hammack, CBRE
Lease: 23,892 SF - IndustrialProperty: 8017 Pinemont, Houston
Tenant: Icon Stone, Inc.
Tenant Broker: Reed Vestal, Finial Group
Landlord: Adams O'Connell, Inc.
Landlord Broker: Jon Michael, John Ferruzzo and Chris Caudill, NAI Houston
Lease: 13,200 SF - OfficeProperty: 6205 Coit Rd., Plano
Tenant: Indoor Safari Park
Tenant Broker: Jeremy Cummings, Structure Commercial
Landlord Broker: Taylor Le Master, JBC
Lease: 10,663 SF - OfficeProperty: 1401 Enclave Parkway, Houston
Tenant Broker: Jason Whittington, NAI Houston
Landlord: PKY Fund Houston I, LLC
Landlord Broker: Rachel Williams, Parkway Realty Services
Lease: 5,706 SF - RetailProperty: 6607 N. IH 35, Austin
Tenant: Caye South Management Group
Tenant Broker: Larry Eisenberg, Central Texas Investment Group
Landlord Broker: Andrew Perkel, Retail Solutions
Lease: 1,494 SF - RetailProperty: Northchase Plaza; 4437 FM 1960 Road W., Houston
Tenant: K Unlimited Wireless Inc. dba Boost Mobile
Tenant Broker: Crady Newton, Colliers International
Landlord: Unilev Management Corp.
Landlord Broker: George Harsh, David Mafrige Interest
Lease: 1,430 SF - RetailProperty: Fulton Retail Center; 2609 Fulton St., Houston
Tenant: ACE Cash Express
Tenant Broker: Rebecca Levy, Cassidy Turley
Landlord: Fulton Street Partners, LP
Landlord Broker: Kristen Hill, United Equities, Inc.
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