REBusinessOnline

Author Archives

KDC Tops Off $300M, 1 MSF JPMorgan Chase Corporate Campus at Legacy West

PLANO, TEXAS — Developer KDC has topped off JPMorgan Chase’s new, 1 million-square-foot corporate office campus at the Legacy West development in Plano. The $300 million, 50-acre campus features amenities such as a food court, health and wellness center, training and conference space, and a childcare center. Approximately 6,000 JPMorgan Chase employees are expected to work at the property beginning in the second half of 2017.

April 27, 2017

CBRE Brokers Sale of 143-Unit Apartment Community in Carrollton

CARROLLTON, TEXAS — CBRE has arranged the sale of Villas de la Colonia, a 143-unit multifamily community located at 1515 Metrocrest Drive in the Dallas-Fort Worth metro of Carrollton. Built in 1969, the community features a mix of one-, two- and three-bedroom units averaging 822 square feet per unit. Chris Deuillet of CBRE represented the seller, California-based Communidad Realty Partners, which sold the property to Aspire Ventures LLC, a Pennsylvania-based private equity firm. Villas de la..

April 27, 2017

Metropolitan Capital Arranges $9.5M Construction Loan for Condo Project in Dallas

DALLAS — Metropolitan Capital Advisors (MCA) has arranged a $9.5 million construction loan for Destination Residences, a 62-unit condominium project in Dallas. The property will be located in The Cedars, a retail-heavy neighborhood just south of downtown, and will be built entirely on speculation. Justin Laub of MCA arranged the financing on behalf of 1901 Harwood LLC through an undisclosed, Texas-based bank.

April 27, 2017

Baker Katz Secures Two Leases Totaling 13,000 SF in Metro Houston for Outback Steakhouse

KATY AND PASADENA, TEXAS — Baker Katz has negotiated two leases totaling 13,000 square feet in the Houston suburbs of Katy and Pasadena on behalf of Outback Steakhouse. The Katy restaurant will be located at the intersection of Interstate 10 and Katy Fort Bend Road. The Pasadena restaurant will be located at the corner of Vista Road and State Highway Beltway 8. Stephen Tou of Retail Connection and Lindsay Schlueter of Glasier Retail Partners represented the landlords in Katy and Pasadena,..

April 27, 2017

TIG Negotiates 42,919 SF Industrial Lease in Greater Austin Area

MESQUITE, TEXAS — TIG Commercial Real Estate Services has negotiated a 42,919-square-foot lease at 4401 Samuell Blvd. in the Austin suburb of Mesquite on behalf of an unspecified tenant. Matthew Hickey and Kristin Grammar of TIG represented the tenant in the transaction. NAI Robert Lynn represented the undisclosed landlord.

April 27, 2017

NE Development to Break Ground on High-Rise Apartment at Legacy West in Plano

PLANO, TEXAS — NE Development will break ground tomorrow on LVL 29, a 29-story high-rise apartment tower located within the Legacy West development in the Dallas-Fort Worth metro of Plano. The property’s units will range from 600 to 3,800 square feet, and its amenities will include a seven-story parking deck, 24-hour fitness center, a pool and tanning deck and a lounge veranda. NE Development expects to deliver LVL 29, which was designed by Dallas-based Humphreys & Partners Architects..

April 26, 2017

KWA Completes 227-Unit Apartment Complex at Former Coca-Cola Bottling Plant in Fort Worth

FORT WORTH, TEXAS — KWA Construction has completed construction of HIGHPOINT Urban Living, a 400,000-square-foot, 227-unit apartment complex on the site of the former Coca-Cola bottling plant at 650 S. Main St. in Fort Worth’s Medical District. The property features a bike rental station, resort-style pool, cabanas and a fire pit, with one-bedroom units averaging 631 square feet and two-bedroom units averaging 1,257 square feet.  

April 26, 2017

Marcus & Millichap Brokers Sale of 40,860 SF Self-Storage Facility in Kerrville, Texas

KERRVILLE, TEXAS — Marcus & Millichap has brokered the sale of A-B-C Self Storage, a 40,860-square-foot self-storage facility in Kerrville, a city approximately 65 miles northwest of San Antonio. Situated on 2.2 acres at 1201 Bandera Highway, the property comprises 269 units in 40,700 square feet of net rentable space Jon Banklefs of Marcus & Millichap represented the seller, a limited liability company. Butch Lagred and Chad Knibbe, also with Marcus & Millichap, represented the..

April 26, 2017

Lee & Associates Negotiates 6,000 SF Industrial Lease in Houston

HOUSTON — Lee & Associates has negotiated a 6,000-square-foot industrial lease at 475 W. 38th St. in Houston on behalf of L&M Installation Solutions, a provider of office furniture and moving services. Preston Yaggi of Lee & Associates represented the tenant in the transaction. Beau Kaleel of Cushman & Wakefield represented the landlord, Prologis Inc.

April 26, 2017

Inroads Realty Arranges Sale of 39,797 SF Retail Asset in Henderson, Texas

HENDERSON, TEXAS — Inroads Realty, a Dallas-based brokerage firm, has arranged the sale of a 39,797-square-foot retail property previously leased to Brookshire’s Grocery Store in Henderson, a city roughly two hours east of Dallas. Thad Beckner of Inroads represented the buyer, Brandywine Financial, a Pennsylvania-based real estate investment and management firm, in the transaction

April 26, 2017