Texas

Worth Breaks Ground on 76,000 SF Office Building in San Antonio

by Taylor Williams May 16, 2018

SAN ANTONIO — Worth & Associates has broken ground on Inwood Village I, a two-story office building in San Antonio that will total approximately 76,000 square feet. The Class A property will consist of 23 suites ranging in size from 1,500 to 3,000 square feet. Amenities will include a common break room and conference room for all tenants, as well as an outdoor patio and deck. Occupancy is slated for December. The property will be part of the Inwood Village development, which at full build-out will total roughly 148,000 square feet of office space across two buildings.

May 16, 2018

Acquisitions Office Texas

CBRE Arranges Sale of 29,150 SF Office Asset in Uptown Dallas

by Taylor Williams May 16, 2018

DALLAS — CBRE has arranged the sale of 4525 Lemmon Avenue, a 29,150-square-foot office asset located in the Uptown/Turtle Creek area of Dallas. The property was 90 percent leased at the time of sale to tenants such as Dallas Yoga Center and Guaranteed Fitness. David Glasscock of CBRE represented the seller, Pastoral Counseling Center, which will lease back 10,456 square feet at the property. Randy Horowitz of SHOP Cos. and Harrison Horowitz of Oxford Capital Partners represented the buyer, Windward Partners VII.

May 16, 2018

Development Mixed-Use Texas

Provident, Glaser to Break Ground on 73-Acre Mixed-Use Project in Metro Dallas

by Taylor Williams May 15, 2018

ALLEN, TEXAS — A partnership between two Dallas-based firms, Provident Realty Advisors Inc. and Glaser Retail Partners, is scheduled to break ground this week on Stacy Green, a 73-acre mixed-use project in Allen, a northern suburb of Dallas. According to the Allen City Council, the project will include an undetermined amount of retail and restaurant space, urban residential and townhome units and a mixed-use area at the center of the development. The Dallas Morning News reports that the first buildings are slated to become available for occupancy in 2019. The news of the groundbreaking comes of the heels of Howard Hughes Corp.’s announcement of a 270-acre mixed-use development in Allen, zoning of which is scheduled to begin this year.

May 15, 2018

Acquisitions Multifamily Student Housing Texas

Marcus & Millichap Brokers Sale of 324-Bed Student Housing Asset in Tyler, Texas

by Taylor Williams May 15, 2018

TYLER, TEXAS — Marcus & Millichap has brokered the sale of The Reserve Apartments, a 324-bed student housing asset in Tyler, about 100 miles east of Dallas. The property is located approximately one mile from the University of Texas at Tyler and features amenities such as a pool, fitness center and study rooms. Evan Burke, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, an out-of-state private investor, in the transaction. The trio also procured the buyer, an undisclosed higher education system.

May 15, 2018

Acquisitions Industrial Self-Storage Texas

Karr Self-Storage Arranges Sale of 297-Unit Facility in South Dallas

by Taylor Williams May 15, 2018

DALLAS — Karr Self-Storage, a division of Marcus & Millichap, has arranged the sale of Oak Cliff Bargain Storage, a 297-unit facility in South Dallas. The property was built in 1973 and underwent renovations in 2015. Features include an on-site manager’s residence, modern office and showroom, perimeter fencing, gated entry and 16 surveillance cameras. Brandon Karr and Danny Cunningham of Karr Self-Storage represented the seller, a national operator headquartered in the Pacific Northwest. The duo also procured the buyer, a private investor.

May 15, 2018

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Negotiates Sale of 113,000 SF Industrial Property in Houston

by Taylor Williams May 15, 2018

HOUSTON — Lee & Associates has negotiated the sale of a 113,000-square-foot industrial property located at 13827 W. Hardy Road on Houston’s north side. The two-building, crane-served property was built in 1981 and includes roughly 5,700 square feet of office space between the two buildings. Mike Spears and Robert McGee of Lee & Associates represented the undisclosed seller in the transaction. Clay Pritchett of NAI Partners represented the buyer, Houston-based Quasar GP LLC.

May 15, 2018

Acquisitions Industrial Texas

NAI Partners Closes Sale of 89,914 SF Manufacturing Facility in Houston

by Taylor Williams May 15, 2018

HOUSTON — NAI Partners has closed the sale of an 89,914-square-foot manufacturing facility located at 6100 Cunningham Road in northwest Houston. An affiliate of United Equities Inc., a Bellaire, Texas-based real estate development and management firm, purchased the facility for an undisclosed price. The buyer will lease the space back to the seller, engineering firm KMEC. Travis Land and Michael Keegan of NAI Partners brokered the deal.

May 15, 2018

Acquisitions Retail Texas

NewQuest Properties Sells 71,107 SF Retail Center in Houston

by Taylor Williams May 14, 2018

HOUSTON — A partnership led by NewQuest Properties has sold Westlake Shopping Center, a 71,107-square-foot retail center located near the Houston-Katy line on the city’s west side. NewQuest has owned the property, which is anchored by a 24 Hour Fitness, since 2005. Brad Elmore of NewQuest represented the seller of record in the transaction. Matt Berry and Robbie Kilcrease of CBRE represented the buyer, Rising Sale Westlake LLC, in the transaction. The center was 95 percent leased at the time of sale.

May 14, 2018

Healthcare-Associates-of-Texas-Southlake

Acquisitions Healthcare Texas

Marcus & Millichap Negotiates Sale of 10,750 SF Healthcare Asset in Metro Fort Worth

by Taylor Williams May 14, 2018

SOUTHLAKE, TEXAS — Marcus & Millichap has negotiated the sale of a 10,750-square-foot healthcare asset located in Southlake, a northern suburb of Fort Worth. The property is net-leased to Healthcare Associates of Texas. Zach Ryan and Ron Hebert of Marcus & Millichap represented the seller, a Southlake-based private investor, in the transaction. Mark Allen of Marcus & Millichap procured the buyer, also a Southlake-based investor. Both parties requested anonymity.

May 14, 2018

Development Industrial Texas

TAC to Redevelop 270,000 SF of Industrial Space in Texarkana, Texas

by Taylor Williams May 14, 2018

TEXARKANA, TEXAS — TexAmericas Center (TAC), a Texas-based redevelopment authority specializing in the revitalization of former military industrial product, will rehabilitate part of the former Lone Star Army Ammunition Plant in Texarkana. The project will add approximately 270,000 square feet of sub-dividable, move-in-ready industrial space to the property, which is located on the company’s East Campus. Retrofit plans will include the installation of three-phase electricity, office space, bathrooms and fire suppression systems. TAC expects the new space to become available for occupancy by early November.

May 14, 2018

Newer Posts

Older Posts