Construction Begins on 75,000-SF NBC Facility

FORT WORTH-KDC has launched construction on a 75,000-square-foot broadcasting and multimedia news facility for NBC 5/KXAS-TV at CentrePort Business Park. Completion of the building is slated for late 2013, when it will house approximately 300 employees currently working in east Fort Worth and Dallas.

The facility is being built on 8.1 acres at 4805 Amon Carter Blvd. and will also house Telemundo/KXTX-TV and several other smaller businesses associated with NBC Universal, the parent company of NBC 5.  “Consolidating our operations in CentrePort provides the opportunity for us to serve our viewers better from one, strategically-situated location near the center of the North Texas region,” said Tom Ehlmann, president and general manager, NBC 5 in a press release.

Gary Collett and Matt Heidelbaugh with Cushman & Wakefield were the real estate brokers. Corgan Associates, Inc. is the lead architectural firm.

The CentrePort Business Park is a 1,300-acre, master-planned community with a “live-work-play” environment. It is home to more than 70 companies including American Airlines, AT&T and Mercedes-Benz. CentrePort also contains 2,000 apartment units, three major hotels and 200,000 square feet of retail and restaurants.

BAYTOWN, TX

Century Terminals LLC acquired 5.74 acres at Cedar Crossing Industrial Park for expansion of its liquid terminal facility.  B. Kelley Parker III; John F. Littman; Coe Parker and Tim M. Thomas with Cushman & Wakefield of Texas Inc. represented the seller, Cedar Crossing LP, in negotiations. 

CARROLLTON, TX

Freeman Signs purchased an 8,000-square-foot industrial building located at 1711 S. Interstate 35E. Jones Lang LaSalle's Michael Swaldi and Michael Haggar represented the seller, Bank of America. The buyer was self-represented.

GLENDALE, AZ

A 1,579-square-foot Wienerschnitzel at 6030 W. Thunderbird Rd. changed hands. Mark Ruble and Jamie Medress with Marcus & Millichap Real Estate Investment Services represented the seller, a partnership. The buyer, an individual/personal trust, was secured and represented by Adam Attia and Mark Thiel, investment specialists in Marcus & Millichap’s San Diego office. 

HOUSTON

Houston Eye Associates acquired the 119,050-square-foot Washington Place North and South, 7155 Old Katy Rd. Christopher Dray with Moody Rambin Investment Services Group represented seller 7155 Old Katy Road Associates Ltd.

HURST, TX

LODO Trail Partners LLC purchased a 2,890-square-foot garden office building at 773 Lonesome Dove Rd. Russ Webb with Silver Oak Commercial Realty represented the seller.  No other brokers were involved in this deal.

PASADENA, TX

An affiliate of First Market Properties LLC closed on the first lien mortgage on the 93-unit Southmore Park Apartments at 2401 E. Southmore Ave. This is FMP's third note purchase in Texas in the last 12 months. 

CARROLLTON, TX

Launch Agency signed an 11,974-square-foot lease renewal and expansion at International Business Park, 4100 Midway Rd. Jeff Staubach and Brooke Armstrong with Jones Lang LaSalle represented the tenant. Peloton's Trevor Franke and Aarica Mims represented the landlord, CB Office 10 Ltd.

DALLAS

Arbitron Inc. extended its 26,541-square-foot office lease at the Dallas Infomart, 1950 Stemmons Freeway. Jones Lang LaSalle's Bo Bond represented the tenant. The landlord was self-represented by DCI Technologies' Spencer Mullee.

FRISCO, TX

Performant Fitness leased 5,234 square feet at Legacy Center, at the southeast corner of Lebanon Road and Legacy Drive. Frank N. Bullock, Lee Loftis and Jack Burgher with SRS Real Estate Partners represented the landlord, Regency Centers in the transaction.  Emmy Stringer with Jackson Cooksey represented the tenant.

HOUSTON

Murphy Exploration & Production Co. leased 173,000 square feet of office space at the soon-to-be built office building at 9805 Katy Freeway. The company will occupy seven and a half floors of the 14-story building. Dan Bellow and John Burke with Jones Lang LaSalle represented Murphy Exploration & Production. MetroNational, the owner/developer was self-represented by Randy Nerrin.

PLANO, TX

MetroPCS signed an extension and expansion at Tollway North Office Park, 6501 Windcrest to raise its total office lease to 65,981 square feet. Bo Bond and Carl Ewert with Jones Lang LaSalle represented the tenant. Kim Brooks and Justin Miller with Tranwestern represented KBS, the landlord.

TEMPE, AZ

MMI Precision Technology of Singapore leased a free-standing industrial building at Ocotillo Business Center, 8060 S. Kyrene Rd. to expand its manufacturing of electro-mechanical components and assemblies to 46,626 square feet.  Kyle Westfall, Mark Detmer, Pat Harlan, Jackie Orcutt, Steve Sayre, Bo Mills and Will Strong with Cushman & Wakefield of Arizona, Inc. negotiated the lease on behalf of the landlord, Buchanan Street Partners of Newport Beach, CA.  Jason Malcolm of Cresa Phoenix represented MMI Precision Technology in the lease negotiations.

SOUTHLAKE, TX

Yamaha Motor Corporation USA leased 1,376 square feet at 532 Silicon Dr. LeAnn Brown with Silver Oak Commercial Realty represented the tenant. 

ALEXANDRIA, LA

Arbor Commercial Mortgage LLC secured a $14.5 million FHA-insured 221(d)(4) loan for the development of Mason Estates, a 169-unit apartment project. Developer Roger Landry was the borrower, and plans to use the money to redevelop the property, once a Masonic Home orphanage, into a multifamily property.  The project is scheduled for completion and occupancy in the summer of 2013. The loan was originated by Jay Porterfield of Arbor’s Plano, TX, office.

HOUSTON

ARA secured a $10.5 million financing for Briar Meadows Apartments, a 256-unit, Class A multifamily property in the rapidly growing Energy Corridor of Houston, Texas. Working exclusively on behalf of Stockbridge Real Estate Funds, ARA placed the seven year, fixed rate loan through Prudential Mortgage Capital Co. The ARA team representing the borrower was led by Adam Allen.

SCOTTSDALE, AZ

Churchill Commercial Capital has been appointed the exclusive Arizona correspondent for Partners Capital Solutions, a Southern California-based fund manager that provides customized debt and equity solutions for real estate professionals. PCS offers bridge loans of $2 to $10 million on transitional or distressed property, including financing of promissory notes secured by commercial assets or residential portfolios, acquisition of projects or notes at auction, construction financing, and revolving lines of credit for commercial investors or residential rehab investors. Property types financed are multifamily, industrial, retail, office, manufactured housing, self-storage, and residential portfolios.

PHOENIX

David Lodwick has been promoted to CFO of Alliance Residential's southwest region. Lodwick joined Alliance in 2011 as the company's finance manager, during which he identified, negotiated and closed debt and equity financing in the western U.S. He has also worked with DMB Associates, Opus West, CBRE and BBVA Compass.