Thursday, November 21, 2024
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Village-at-Gateway-Forney
DevelopmentMixed-UseTexas

StreetLevel Investments Breaks Ground on 120-Acre Mixed-Use Project in Forney, Texas

by Taylor Williams

FORNEY, TEXAS — Texas-based developer StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney, an eastern suburb of Dallas. The site is located at North Gateway Boulevard and U.S. Highway 80 within the 2,000-acre Gateway master planned development. Phase I of the project will feature 500,000 square feet of retail space that will be anchored by Target (144,000 square feet), Home Depot (135,000 square feet) and grocer H-E-B (131,000 square feet). Dallas-based GFF is the project architect, and Ridgemont Commercial Construction is serving as the general contractor. Phase I is slated for a summer 2026 completion. Village at Gateway will also feature a multifamily component, although details on that element of the project are not yet available.

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Realterm-NIT-Industrial-El-Paso
DevelopmentIndustrialTexas

Realterm, NIT Industrial to Develop 452,966 SF Industrial Project in El Paso

by Taylor Williams

EL PASO, TEXAS — A partnership between Maryland-based investment firm Realterm and Houston-based NIT Industrial will develop a 452,966-square-foot industrial project in El Paso. The development will comprise a 125,843-square-foot rear-load building with 32-foot clear heights and a 327,123-square-foot cross-dock building with 36-foot clear heights. The buildings, which will be situated on a 31.2-acre site, will be able to support a single or multiple users and will also offer a combined 134 docking doors and 165 trailer parking stalls. Construction is expected to last about a year.

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Remington-Square-Houston
AcquisitionsOfficeTexas

JLL Brokers Sale of 392,357 SF Remington Square Office Complex in Northwest Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of Remington Square, a 392,357-square-foot office complex in northwest Houston. Built in phases between 2008 and 2015, Remington Square comprises three buildings on a 16.7-acre site that can also support the development of a fourth building. Amenities include a restaurant with catering service, a fitness center, tenant lounge and a conference facility. Kevin McConn, Marty Hogan and Rick Goings of JLL represented the seller, institutional investment firm BGO, in the transaction. The trio also procured the buyer, locally based investment firm Interra Capital Group.

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AcquisitionsHealthcareTexas

Marcus & Millichap Arranges Sale of 45,083 SF Vacant Healthcare Building in Southeast Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has arranged the sale of a 45,083-square-foot vacant healthcare building located at 11500 Space Center Blvd. in southeast Houston. The property was originally built on 4.3 acres in 2008 within the Village at Clear Point Crossing medical office park and was most recently occupied by Sacred Oaks Behavioral Hospital. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller in the all-cash transaction and procured the buyer. Both parties requested anonymity.

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IndustrialLeasing ActivityTexas

Mars Shipping Service Signs 43,475 SF Industrial Lease in Katy, Texas

by Taylor Williams

KATY, TEXAS — Freight and logistics firm Mars Shipping Service has signed a 43,475-square-foot office lease in the western Houston suburb of Katy. The property at 21331 Clay Road is located within Bridgewater Commerce Center. Garret Geaccone, Boone Smith and Abraham Richardson of Stream Realty Partners represented the landlord, Harbor Capital, in the lease negotiations. Rodney Henson of TopSky Realty Texas represented the tenant.

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Eisenhauer-North-Business-Park-San-Antonio
AcquisitionsIndustrialTexas

JLL Arranges Sale of 458,439 SF Industrial Park in Northeast San Antonio

by Taylor Williams

SAN ANTONIO — JLL has arranged the sale of Eisenhauer North Business Park,a 458,439-square-foot industrial park in northeast San Antonio. Completed in mid-2023, the development comprises three buildings that range in size from 119,200 to 186,324 square feet. Building features include 32-foot clear heights, 109 total dock-high doors, six drive-in doors and aggregate parking for 163 trailers and 330 cars. NIT Industrial sold the property to Goldman Sachs for an undisclosed price. Trent Agnew, Kyle Mueller, Witt Westbrook and Charles Strauss of JLL brokered the deal.

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Arya-Grove-Universal-City
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 308-Unit Multifamily Property Near San Antonio

by Taylor Williams

UNIVERSAL CITY, TEXAS — Newmark has brokered the sale of Arya Grove, a 308-unit multifamily property in Universal City, a northeastern suburb of San Antonio. Built in 2006, the property features one-, two- and three-bedroom units with an average unit size of 800 square feet. Amenities include a pool, fitness center, dog park, playground and outdoor grilling and dining stations. Patton Jones, Matt Michelson and Andrew Dickson of Newmark represented the seller, Austin-based Internacional Realty, in the transaction. Knightvest Residential purchased Arya Grove for an undisclosed price.

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Northpoint-Villas-Fort-Worth
AcquisitionsMultifamilyTexas

SPI Advisory Sells 276-Unit Northpoint Villas Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Texas-based investment firm SPI Advisory has sold Northpoint Villas, a 276-unit apartment complex in Fort Worth. Built in 2009, Northpoint Villas offers one-, two- and three-bedroom units and amenities such as a pool, playground, fitness center, coffee bar, dog park, game room, clubhouse and outdoor grilling and dining stations. SPI acquired Northpoint Villas in 2019 as part of a two-property portfolio deal and implemented a value-add program. The company also sold the other property, the 254-unit Oaks on Marketplace in metro Austin, in May. The buyer was not disclosed.

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Leasing ActivityOfficeTexas

Bradford Negotiates 38,194 SF Office Lease Renewal, Expansion in North Dallas

by Taylor Williams

DALLAS — Bradford Commercial Real Estate Services has negotiated a 38,194-square-foot office lease renewal and expansion in North Dallas. The tenant, Austin-based law firm Walters, Balido & Crain, will now occupy the top two floors at Meadow Park Towers, a 262,776-square-foot property located along the North Central Expressway. Richmond Collinsworth and Jared Laake of Bradford internally represented the landlord in the lease negotiations. Scott Hage and Taylor Messina of JLL represented the tenant.

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Leasing ActivityOfficeTexas

Greystar Signs 32,000 SF Office Lease at Cypress Waters in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Greystar has signed a 32,000-square-foot office lease in Coppell, located in the northern-central part of the metroplex. The space is located within the 1,000-acre Cypress Waters mixed-use development. Scot Ison of Axis Tenant Advisors represented the South Carolina-based apartment developer and manager, which plans to take occupancy early next year, in the lease negotiations. Billingsley Co. owns Cypress Waters.

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