ARLINGTON, TEXAS — NAI Robert Lynn has negotiated a 36,450-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 634-640 107th St. was built in 1974, renovated in 2018 and totals 72,900 square feet. Joe McLiney of NAI Robert Lynn represented the tenant, custom metal sheet fabricator Send Cut Send, in the lease negotiations. Michael Stanzel, also with NAI Robert Lynn, represented the landlord, an entity doing business as SL Project Texas LP.
HOUSTON — Marquette Cos., an Illinois-based multifamily developer, has received approval from the Houston Planning Commission for a 20,000-square-foot commercial project that will be located along the 2600 block of Keene Street near White Oak Music Hall. The new building is slated for a 2025 delivery and will be marketed to bars, restaurants, coffee shops and other retail users. The single-story building will be located across the street from Tempo at White Oak, Marquette’s 304-unit multifamily project that is nearing completion.
DALLAS — Locally based developer StreetLights Residential has begun leasing The Oliver, a 351-unit apartment community in the East Village area of Dallas. The property is located within The Central, a 27-acre mixed-use development by De La Vega Development. Units come in studio, one- and two-bedroom floor plans, range in size from 585 to 1,830 square feet and are furnished with quartz countertops, built-in speakers and under-cabinet beverage refrigerators. Amenities include a custom coffee bar; coworking space with private offices; a dog wash station and covered dog park; outdoor pool lounge with a catering kitchen; and a fitness center with a yoga and Pilates studios. StreetLights developed The Oliver in partnership with Japanese real estate giant Mitsui Fudosan Co. Rents start at approximately $2,250 per month for a studio apartment. Construction began in fall 2022.
AUSTIN, TEXAS — Adolfson & Peterson (AP) Construction has been awarded the contract to renovate Anderson High School, which is part of the Austin Independent School District and located on the city’s northwest side. The school was originally built in 1970 and serves roughly 2,400 students. The project will deliver a new, 43,350-square-foot competition gym with an 1,800-seat capacity, locker rooms with coaches’ offices, training rooms, officials’ dressing rooms and laundry facilities. In addition, common spaces will be updated, while the entry vestibule and front office will be reconfigured for security. Lastly, AP will construct a new science facility featuring robotics and computer labs. PBK Architects is leading design of the renovation, which is expected to begin in May 2025 and to be complete by fall 2026, with the grand unveiling set for January 2027.
RICHARDSON, TEXAS — NAI Robert Lynn has brokered the sale of Richardson Tech Center, a 96,000-square-foot industrial flex building located on the northeastern outskirts of Dallas. According to LoopNet Inc., Richardson Tech Center is a four-building complex that was constructed in 1987. Jim Hancock of NAI Robert Lynn, along with internal agent Britton Wells, represented the buyer, Los Angeles-based investment firm Entrada Partners, in the transaction. Margaret Hartman and Al Hartman of Hartman Cos. represented the seller, an entity doing business as Hartman Richardson Tech Center LLC.
AUSTIN, TEXAS — General contractor Swinerton has broken ground on WORKBENCH, an 45,384-square-foot mass timber office project in East Austin. Designed by locally based architecture firm Dick Clark & Associates, the four-story building will include retail showroom and restaurant space as well as underground parking. Lindgren Development owns WORKBENCH, which is 75 percent preleased to tenants including Beck-Reit Commercial Real Estate, Legacy Lighting and Art + Artisans, as well as Swinerton. All of these groups are also partners on the project. Completion is slated for early 2026.
FORT WORTH, TEXAS — Shield Engineering Group has signed a 16,608-square-foot office lease renewal and expansion in Fort Worth. The space is located within First Cash Plaza, a nine-story, 155,125-square-foot building located near the downtown area. Alex Bryant of Street Realty Partners represented the tenant in the lease negotiations. Jake Neal and Matt Carthey of Holt Lunsford Commercial represented the landlord, First Cash Inc., a pawn store operator with more than 3,000 retail locations in North and South America.
AUSTIN, TEXAS — American Campus Communities (ACC) has delivered new student housing projects totaling $855 million this year. Together, the six communities — which include Meadows Apartments at Princeton University, Casa del Valle at Arizona State University, The Ridge Graduate & Professional Housing at Emory University, xučyun ruwway Graduate Student Apartments at University of California Berkeley, East Campus Graduate Apartments at The University of Texas at Austin and Graduate Junction at MIT — feature 3,867 beds. Austin, Texas-based ACC is the third-party developer and manager for Graduate Junction (676 beds), East Campus Graduate Apartments (784 beds), The Ridge Graduate & Professional Housing (535 beds) and Meadows Apartments (604 beds). Amenities at Meadows Apartments at Princeton University include a communal kitchen, children’s playroom and a market and café. In addition to a communal kitchen, The Ridge Graduate & Professional Housing at Emory University features a fitness center, study areas and a parking garage. At Graduate Junction at MIT, amenities include study areas, a recreation center and gym and indoor bike storage. ACC is the owner, developer and manager of Casa del Valle at Arizona State University, which offers 507 suite-style beds with social lounges, Zen areas and landscaped outdoor amenities. ACC …
HOUSTON — JLL has arranged two loans of undisclosed amounts for the refinancing of a pair of multifamily properties totaling 745 units in Houston’s River Oaks area. Hanover Autry Park is a 23-story high-rise building with 324 units and nearly 23,000 square feet of ground-floor retail space. Hanover Parkview is a 421-unit midrise apartment building with 24,000 square feet of ground-floor retail space. Both properties were completed in 2022 and offer amenities such as pools, outdoor grilling areas, social lounges with entertainment kitchens, fitness centers and rooftop lounges with indoor/outdoor bars. The properties were 92 and 95 percent occupied, respectively, at the time of the closings of the loans, both of which were structured with five-year terms and fixed interest rates. Cortney Cole, Colby Mueck, Laura Brown, Davis Burnett and Scot Sarlin of JLL arranged the loans through funds backed by global private equity firm KKR. The borrower, a partnership between Hanover Co. and Lionstone Investments, will use proceeds to retire construction debt that JLL also originated for both properties in 2019.
TUTTLE, OKLA. — Marcus & Millichap has brokered the sale of Premium Storage, a 375-unit self-storage facility in Tuttle, a southwestern suburb of Oklahoma City. The site spans seven acres, and the property features 107,330 net rentable square feet across 37 climate-controlled units, 334 non-climate-controlled units and four commercial spaces. Bryan Quaschnick, Danny Cunningham and Brandon Karr of Marcus & Millichap represented the Dallas-based seller in the deal and procured the buyer, an out-of-state, privately held investment group. Both parties requested anonymity.