HOUSTON-712 Main Street, owned by Brookfield Real Estate Opportunity Fund (BREOF) and managed by CBRE Group Inc., earned the U.S. Environmental Protection Agency’s (EPA’s) Energy Star certification. The certification signifies that the 809,997-square-foot building performs in the top 25% of similar facilities nationwide for energy efficiency and meets strict energy efficiency performance levels set by the EPA.

"We are very pleased to receive the EPA’s Energy Star certification in recognition of our energy efficiency efforts,” said Dave Hanusa, a senior vice president of CBRE in a press release. “Receiving this award demonstrates that making cost-effective improvements to a well maintained facility can significantly decrease its carbon footprint while increasing its value and lowering its energy cost.”

Constructed in 1929 by Jesse H. Jones, 712 Main Street (the former JP Morgan Chase building) is a 35-story office building situated in Houston’s Central Business District (CBD) and is listed on the U.S. National Register of Historic Places. The building is considered one of the most significant examples of Art Deco skyscrapers in the southwestern United States with much of the structure’s original design and ornamentation currently in place.

CBRE leasing agent Matt Dunn, along with Hanusa, has completed more than 90,000 square feet in leasing activity during the past 18 months. An additional 177,022 square feet is available including 76,000 square feet of contiguous space.

Acquisitions/Dispositions

DALLAS-John Loftus acquired a 39,870 square foot industrial building at 10727 Composite Dr. from D&B Realty Holding Inc. (Dave & Buster’s). The seller was represented by Colliers International’s Chris Teesdale, Tom Pearson, Phil Rosenfeld and Matt Thompson. Eric Morga with Capstone Commercial represented the buyer.

GLENDALE, AZ-The 93-unit Village Sereno at 8622 N. 59^th Ave. has traded hands for $10.25 million. The seller was JGM Group LLC/Trojan Air Services Inc. of Paradise Valley, AZ. The buyer was Village Sereno Townhomes LLC of Long Beach, CA. The seller was represented by Mark Forrester and Ric Holway of the Phoenix office of Hendricks & Partners.

HOUSTON-Peter Richter acquired a 24,872 square-foot warehouse on five acres at 5855 Kelley St. The seller, Kelley Street Holdings Inc., was represented by John Littman, B. Kelley Parker, Coe Parker and Tim Thomas of Cushman & Wakefield of Texas Inc.’s Houston office.

OKLAHOMA CITY- A Los Angeles buyer paid $11.5 million to acquire the 202,247-square-foot Southern Hills Shopping Center from an institutional investment company from Cincinnati, OH. The property, located at 1414–1630 SW 74th St. and 7620 South Pennsylvania Ave. includes tenants such as Aaron’s, B-Sew Inn, Dollar Tree, Golf USA, Hancock Fabrics, Horse & Rider, Joe’s Crab Shack, Mazzio’s Italian Eatery, Mill Creek Carpet & Tile, Northern Tool, Ocean Dental, SAS Shoes, Starbucks and Wendy’s. Eric P. Wohl, Kevin T. Fryman and Edward B. Hanley with Hanley Investment Group Real Estate Advisors of Irvine, CA, negotiated the transaction between buyer and seller.

Leases

ARLINGTON, TX-Amedisys Texas LLC leased 2,508 square feet of office space in The Landmark at 2201 N. Collins St., from Collins St. Properties LLC. Russ Johnson, Chris Wright and Noreen Mehdi of Grubb & Ellis represented the lessor in the transaction. Tyler Edwards of Swearingen Realty Group represented the lessee.

ARLINGTON, TX-DFW Skin Surgery Center PLLC signed a new 2,564 square foot lease at 1115 W. Randol Mill. Beaux Riley with SCM Real Estate Services represented the landlord in this transaction.

ARLINGTON, TX-Southwire Co. leased 242,370 square feet at Arlington Commerce Center, 4925 New York Ave. Allen Gump and Noel Hutcheson with Colliers International represented the tenant. John Leinbaugh with Industrial Developments International represented the landlord.

CARROLLTON, TX- Choice Training Group Fitness LLC leased 3,423 square feet at 2650 Midway Rd. Hudson Peters represented the tenant. Kari Pearce and Kevin Brookmole with Colliers International represented the landlord, BREOF TC Midway LP.

COPPELL, TX-Sri Hari Hara Peetham leased 884 square feet of retail space at 761 MacArthur Blvd. from Kumagal Properties I LLC. Michael Meaden of CBRE represented the landlord.

DALLAS-D. F. Burch Advisors leased 1,086 square feet of office space at Preston Commons from SPUS V5 Preston Commons LP. Susannah Bame and J.J. Leonard of CBRE represented the landlord.

DALLAS-PLS Check Cashers of Texas LP leased 3,151 square feet of office space in Tristone, located at 5720 LBJ Fwy., from Investors Warranty of America Inc. Noreen Mehdi and Chris Wright of Grubb & Ellis represented the lessor in the transaction. Campbell Henry of Jones Lang LaSalle represented the lessee.

DALLAS-Jones Carr McGoldrick LLP leased 8,104 square feet at Premier Place from Premier Place of Dallas LP. Dennis Barnes and Clay Gilbert of CBRE represented the landlord. Calvin Hull and Michael Haggar with Jones Lang LaSalle represented the tenant.

DALLAS-Law Offices of Don Tittle PLLC leased 1,794 square feet of office space at Lakewood Towers from Caddo Lakewood LP. David Reed of CBRE represented the landlord.

DALLAS-Ryan Huettner leased 1,208 square feet of office space at 3100 Monticello from Westdale Monticello LP. Susannah Bame and J.J. Leonard of CBRE represented the landlord. Breck Besserer and Dave Besserer with Bradford Commercial Real Estate Services represented the tenant.

DALLAS-The Wallace Group leased 4,479 square feet of office space at 1825 Market Center Blvd. from 1825 Market Center LP. Trae Anderson and Noreen Mehdi of Grubb & Ellis represented the lessor in the transaction. Brad Devine of Finley Morrow represented the lessee.

DUNCANVILLE, TX- Metroplex Endodontics & Microsurgery leased 2,509 square feet at 150 E. Highway 67 from Ducanville Villages Retail. James Ousley of Ousley Real Estate was the tenant representative. Kari Pearce and Kevin Brookmole with Colliers International represented the landlord.

GARLAND, TX-Weight Watchers leased 1,400 square feet in the Shoppes of Garland shopping center, at the northeast corner of Firewheel Parkway and Pleasant Valley Road. Jack Burgher and Mark Newman with SRS Real Estate Partners represented the tenant, Weight Watchers in the transaction. Tony Huynh with Quine and Associates represented the landlord, TSCA-226 LP.

HOUSTON-Rainbow Ceramics sub-leased 25,000 square feet of industrial space at 3401 Navigation Blvd. Stephen Kradjian and John S. Wall, Jr. of Situs Asset Solutions represented both the tenant and landlord.

IRVING, TX-American Efficiency leased 2,240 square feet at 6012 W. Campus Circle. Kelly Smith with Colliers International represented the tenant. The landlord, Eltz Gateway LP, was represented by Chris Andler with Property Advisors Realty.

IRVING, TX-Crown Castle USA took down 2,776 square feet at 200 E. John Carpenter Fwy. Cynthia Cowan with Cousins Properties represented the landlord, Parmenter Realty Partners. Kelly Smith and Mary Stoner with Colliers International was the tenant representative.

MCKINNEY, TX-McKinney Economic Development Corp. and McKinney Community Development Corp. leased 5,103 square feet of office space in Valliance Plaza at 5900 S. Lake Forest Dr., from Lake Forest-McKinney Investors Ltd. Sean Dalton, Heather Densmore Shover and Chris Wright of Grubb & Ellis represented the lessor in the transaction. Ray Eckenrode of Appian Commercial represented the lessee.

PLANO, TX-Alkami Technology Inc. signed a new lease for 4,337 square feet at Willow Bend Park. Alkami was represented by Grant Laughlin of Laughlin Commercial Realty Group. Bob Buell, Tracy Fults and Rena Chappell of Fults Commercial represented Willow Bend Park landlord RJW Tollway LP.

PLANO, TX- LHP Hospital Group Inc. expanded its existing lease by 3,268 square feet bringing its presence at the Willow Bend Park building to 15,697 square feet. Bob Buell, Tracy Fults and Rena Chappell of Fults Commercial represented the landlord RJW Tollway LP. The tenant was represented by Jim Watkins of Altera Development Co.

PLANO, TX-Verity Recruiting Inc. leased 2,021 square feet of office space at 5068 W. Plano Pkwy. from Parkway Commons LP. Michael Dudley of CBRE represented the landlord. Jay Annand of Annandale Properties represented the tenant.

RICHARDSON, TX-The Alexander School leased 12,350 square feet at 409 International. Roseanne Meier with Colliers International was the tenant representative. Kevin Brookmole with Colliers International represented the landlord, FSCP Dallas Portfolio, a Colliers property.

RICHARDSON, TX-Overture Networks Inc. leased 15,810 square feet at 2360 Campbell Creek Blvd. from Granite Properties. Rosanne Meier with Colliers International represented the tenant. Robert Jimenez with Granite Properties negotiated on behalf of the landlord.

RICHARDSON, TX-Tad Taylor and Chia-Jean Lee leased 2,549 square feet of retail space at 1920 N Collins Blvd. from 1920 N Collins Medical LP. Michael Meaden of CBRE represented the landlord.

SOUTHLAKE, TX-Mellow Mushroom leased 4,056 square feet at the Gateway Plaza shopping center at State Highway 114 and East Southlake Boulevard. Jason Puig and Mark Newman with SRS Real Estate Partners represented the tenant, Mellow Mushroom in the transaction. David Lewis with Lincoln Property Co. represented the landlord, Inland Western Southlake.

WICHITA FALLS, TX-Baskins Work and Western Wear leased 15,190 square feet in Sikes Senter Mall. Baskins a Q1 2012 opening. Tyler Isbell, Justin Schoellkopf and Austin McWilliams with SRS Real Estate Partners represented the retailer in the lease transaction.

Capital Markets

PASADENA, TX-Centerline Capital Group has completed a financing transaction totaling $48.6 million for the acquisition of nine multifamily assets. Bridge financing in the amount of $12.8 million was obtained for two local multifamily assets, and was provided by C-III Capital Partners LLC, a Centerline affiliate. The remaining multifamily assets were in Tampa and Orlando, FL. The loan terms on the Florida assets include a 10-year fixed rate, with a two-and-a-half year interest-only period, and a 25-year amortization period. The bridge loan for the two Pasadena assets is for a term of 14 months, through December 31, 2012.

Executive Moves

DALLAS-John Hampton joined Jones Lang LaSalle as senior vice president on the Solutions Development team in the firm’s Corporate Solutions business. In his new role, Hampton will focus on enhancing Jones Lang LaSalle’s sophisticated suite of strategic solutions for the firm’s global occupier client base.

Hampton will be based out of Jones Lang LaSalle’s Dallas office, reporting to Kenneth Rudy, international director and head of the U.S. Strategic Consulting Group. Hampton joins Jones Lang LaSalle from The Regus Group, where he served as vice president of Enterprise Solutions & Corporate Accounts.

DALLAS-Transwestern has made the following hires: Tim Veler as associate with the industrial group; C. Andrew Marcus, senior associate, tenant advisory services; Chris Stout, vice president, industrial group.

PHOENIX-Tammy Karth-Sidles has joined the Desert West Region office of Lincoln Property Co. as director of management services. She is responsible for overseeing property management services for Lincoln’s portfolio of 5.5 million square feet of office, retail and industrial property in Arizona, New Mexico, Nevada and Utah. Prior to joining Lincoln Property Company, Karth-Sidles was senior vice president of real estate services for Cushman & Wakefield/NorthMarq.

Instant Insights /

810,000-Square-Foot 712 Main Street Earns Energy Star Certification

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