REBusinessOnline

MARS Properties Breaks Ground on 89,440 SF Distribution Center in Katy, Texas

KATY, TEXAS — MARS Properties LLC has broken ground on High Point West, an 89,440-square-foot distribution center in Katy, a western suburb of Houston. Situated on 7.2 acres, the property will feature 32-foot clear heights, as well as access to controlled truck courts and to the Interstate 10 corridor. CBRE will market the property, which is expected to be complete by spring

Lynd, T.R. Inscore to Develop 272-Unit Apartment Project in College Station

COLLEGE STATION, TEXAS — A partnership between San Antonio-based multifamily management and development firm Lynd and Houston-based T.R. Inscore LLC will develop Ranch at Arrington, a 272-unit multifamily project in College Station. The market-rate property, which will feature one-, two- and three-bedroom units ranging in size from 539 to 1,402 square feet, will be located in close proximity to Texas A&M University. Amenities will include a pool and spa, volleyball court, meeting rooms …

Abby Development Begins Work on 217-Unit Seniors Housing Project in Metro Houston

BAYTOWN, TEXAS — Dallas-based Abby Development has begun work on The Lodge at Pine Creek, a 217-unit seniors housing project in Baytown, an eastern suburb of Houston. The community will offer independent living and memory care services. The 17-acre, resort-style property will feature amenities such as a stocked fishing lake, walking trails, movie theaters, a pool, salon, fitness center, a pharmacy and general store. Completion is slated for the second quarter of

Marcus & Millichap Brokers Sale of 112,102 SF Industrial Asset in Metro Dallas

GARLAND, TEXAS — Marcus & Millichap has brokered the sale of COL-MET, a 112,102-square-foot industrial asset located at 3333 Miller Park S. in Garland, a northeastern suburb of Dallas. The property was built in 1997. Adam Abushagur of Marcus & Millichap represented the seller and procured the buyer in the transaction, both of which were private investors and requested

Ascend, Civitas Break Ground on 83-Unit Seniors Housing Property in Fort Worth

FORT WORTH, TEXAS — Ascend Partners LLC and Civitas Senior Living have broken ground on The Grandview of Chisholm Trail, a 70,000-square-foot seniors housing property in Fort Worth. The community will consist of 67 assisted living units and 16 memory care apartments. Amenities will include a fitness center, salon, theater, dog park, coffee bar and a library/business center. The opening is slated for November

NAI Partners Arranges 35,000 SF Industrial Lease in Houston

HOUSTON — NAI Partners has arranged a 35,000-square-foot industrial lease at 12014 FM 529 in Houston for TexTrail Inc., a provider of parts and services for the trailer industry. Jake Wilkinson of NAI Partners represented the tenant in the transaction. The name and representative of the landlord were not

HFF Negotiates Sale of 657,043 SF Industrial Building in Fort Worth

FORT WORTH, TEXAS — HFF has negotiated the sale of 35|820 @ Mercantile Center, a 657,043-square-foot industrial building in Fort Worth. The newly built, Class A property features 36-foot clear heights, 152 overhead dock doors, four drive-in doors and quick access to Interstates 35 and 820. Jody Thornton, Adam Herrin and Stephen Bailey of HFF represented the seller, Hunt Southwest, in the transaction. The buyer was Pure Industrial Real Estate Trust (PIRET), a Canadian REIT owned by The …

SWBC Breaks Ground on 331-Unit Apartment Community in Metro Houston

KINGWOOD, TEXAS — Dallas-based multifamily developer SWBC Real Estate has broken ground on The Royalton at Kingwood, a 331-unit multifamily community in Kingwood, a master-planned community northeast of Houston. Situated on 15.9 acres, the Class A property will offer one-, two- and three-bedroom units. Amenities will include a pool, fitness center, game room with community kitchen, a resident lounge and a dog park. Jordan Foster is the general contractor, Cross Architects is the architect and …

Citymark, CAF Capital Purchase 304-Unit Multifamily Asset in North Dallas

DALLAS — A partnership between private equity fund manager Citymark Capital and Dallas-based CAF Capital Partners has purchased Spring Parc, a 304-unit apartment community in Dallas. The property is located on the city’s north side and offers amenities such as two pools, a Wi-Fi café and a dog park. The new ownership, which also recently acquired a 323-unit apartment community in nearby Lewisville, will upgrade the property’s common areas and unit

Cardinal Industrial Acquires 463,708 SF Industrial Portfolio in Rio Grande Valley

MCALLEN AND PHARR, TEXAS — California-based investment firm Cardinal Industrial has acquired a two-property portfolio of industrial assets totaling 463,708 square feet in the Rio Grande Valley. One of the properties is located in McAllen and the other is located in Pharr. The sale includes 25.7 acres of land near the United States-Mexico border. Dustin Volz, Zane Marcell and Grant Matthews of JLL represented Cardinal Industrial in the transaction. John Opinsky of Frampton & Opinsky LLC …

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