REBusinessOnline

Houston Waterworks Underway on $1.7B Water Treatment Plant Expansion

HOUSTON — The Houston Waterworks Team is underway on the expansion of the Northeast Water Purification Plant, a project valued at approximately $1.7 billion. The project aims to shift a growing population’s reliance on groundwater to surface water and represents the largest design-build project for a water treatment plant that is underway in the country. The team has tapped McCarthy Building Cos. for several aspects of the larger project, which is expected to be fully operational by early …

Kroger, Ocado to Open 350,000 SF Fulfillment Center in Dallas, Create 400 Jobs

DALLAS — A partnership between The Kroger Co. and online grocery retailer Ocado Solutions will open a 350,000-square-foot fulfillment center off Interstate 20 in Dallas, a project that is expected to create about 400 new jobs. Construction is slated to begin in early 2020, and the facility is expected to be operational within 24 months of the groundbreaking. Kroger and Ocado have two similar facilities in development in Monroe, Ohio, and Groveland, Fla. Additional facilities are planned for …

LMC Opens 326-Unit Apartment Community in Metro Houston

KATY, TEXAS — LMC, a multifamily developer and operator that is a subsidiary of Miami-based Lennar Corp., has opened The Maddox, a 326-unit apartment community located adjacent to Memorial Hermann Katy Hospital on the western outskirts of Houston. Floor plans consist of one-, two- and three-bedroom units with quartz countertops, stainless steel appliances, ceramic tile backsplashes, walk-in closets and smart thermostats. Amenities include a pool, fitness center, an outdoor grilling and gaming …

CBRE Negotiates 60,000 SF Industrial Lease in Tulsa

TULSA, OKLA. — CBRE has negotiated a 60,000-square-foot industrial lease at 5402 S. 129th East Avenue in Tulsa for an undisclosed warehouse and distribution tenant. David Glasgow, Matt Klimisch and Alex Powell of CBRE represented the landlord, Boardwalk 55 LLC, in the lease negotiations. The property, which is now fully leased, spans 200,000 square feet and features 28-foot ceiling heights, 20 dock-high doors and two drive-in

Marcus & Millichap Arranges $10.4M Sale of Houston Manufactured Housing Community

HOUSTON — Marcus & Millichap has arranged the $10.4 million sale of Royal Coach Village Mobile Home Park, a 24.4-acre manufactured housing community in Houston. Jeff Taylor, Douglas Danny and Braeden Jehle of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was also an undisclosed limited liability company. The asset generated nine offers in less than 30 days on the market and sold at more than 100 percent above the listing

Array of Industries Drives New Jersey Industrial Market’s Growth

New Jersey’s industrial market continues to expand, driven by a plethora of industries, including retail, manufacturing, food companies, transportation and logistics. As the popularity of e-commerce shows no signs of abating, New Jersey has become a key location for distribution centers and last-mile delivery hubs to serve the entire Northeast region. E-retailers are scooping up available industrial space, taking advantage of New Jersey’s excellent air, freight, port, and rail …

Amazon to Open Regional Air Hub at AllianceTexas in October, Create 300 Jobs

FORT WORTH, TEXAS — Amazon will open a regional air hub at Fort Worth Alliance Airport in October, a move that is expected to bring 300 new full-time jobs to the region. The build-to-suit project it’s the first of its kind in the Amazon Air network and will support the Seattle-based e-commerce larger-scale regional needs, including sortation capability and infrastructure to handle multiple flights

Leon Capital Begins Leasing 415-Unit Apartment Community in Richardson

RICHARDSON, TEXAS — Locally based developer Leon Capital Group has begun leasing Society 190, a 415-unit multifamily community located off President George Bush Turnpike in Richardson, a northeastern suburb of Dallas. The property, construction of which is nearing completion, will feature one-, two- and three-bedroom units ranging in size from 680 to 1,450 square feet. Rents start at $1,275 per month. Amenities include a pool, fitness center, game room, outdoor kitchen and coworking office …

Presidium Breaks Ground on 408-Unit Multifamily Project in Fort Worth

FORT WORTH, TEXAS — Multifamily developer Presidium has broken ground on Presidium at Revelstoke, a 408-unit project located within Alliance Town Center in north Fort Worth. The property will be situated on 17.2 acres and will offer amenities such as a pool, outdoor grilling and gaming area, fitness center, dog park, playground and electric car charging stations. O’Brien Architects is designing the project, and Kimley-Horn is the civil engineer. Provident General Contractors is handling …

KDC to Develop 200,000 SF Manufacturing Facility for Raytheon in McKinney, Texas

MCKINNEY, TEXAS — KDC will develop a 200,000-square-foot manufacturing facility for Raytheon at the defense contractor’s Space & Airborne Systems headquarters in the northern Dallas suburb of McKinney. The project, construction of which is slated for a late 2020 completion, is expected to bring 500 new jobs to McKinney. In 2014, KDC delivered a 489,000-square-foot office complex for Raytheon at CityLine in

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