Texas

Twin-Creeks-at-Alamo-Ranch-San-Antonio

SAN ANTONIO — Dallas-based SWBC Real Estate LLC has sold Twin Creeks at Alamo Ranch, a 300-unit multifamily community in San Antonio. The Class A property is located at the entrance of the Alamo Ranch master-planned community on the city’s northwest side. Developed by SWBC and completed in 2016, the community consists of one-, two- and three-bedroom units and offers amenities such as a pool, outdoor grilling areas, fitness center and a car wash. Will Balthrope and Jordan Featherston of Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the sale. The buyer and sales price were not released.

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Carson-Bayport-3-Pasadena-Texas

PASADENA, TEXAS — The Carson Cos., a California-based industrial developer, has broken ground on four buildings within Bayport Industrial Park in Pasadena, a southeastern suburb of Houston. The groundbreakings mark Phase II of an industrial development known as Carson Bayport. The project will deliver one 207,000-square-foot cross-dock warehouse and three 25,000-square-foot crane-ready buildings, all four of which will be developed on a speculative basis. The largest building, completion of which is slated for the fourth quarter, will feature 62 dock-high doors, 30-foot clear heights, an ESFR sprinkler system, 154 car parking spaces and a fenced-in truck court.    

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Northwood-Tower-Dallas-Texas

DALLAS — A partnership between two Dallas-based development firms, Gault Co. and RTG Capital LLC, has purchased a 170,000-square-foot office building in North Dallas. Situated on four acres at 5757 Alpha Road across from the Valley View Mall, which is being redeveloped into a mixed-use destination, the office property was formerly known as Alpha Tower. Following a renovation project for its landscaping, lobby and common areas that is scheduled to be complete by year’s end, the building will be rebranded Northwood Tower. The property was built in 1983 and was 32 percent leased at the time of sale. The seller and sales price were not disclosed.

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AUSTIN, TEXAS — Transwestern Development Co. has acquired 1.6 acres in downtown Austin for the development of Block 36, a 263-unit multifamily community. Block 36 will consist primarily of studio units with approximately 14 percent of the units being two-bedroom residences. In addition to having a 3,000-square-foot ground-floor restaurant space, the community will offer amenities such as a pool, fitness center, clubroom, business lounge and an elevated courtyard with fire pits. Wilder Belshaw, an architecture firm with offices in the Dallas and Austin area, is handling design of the project, and Comerica Bank is providing construction financing. Transwestern expects to break ground on the property in January 2019 and deliver it during the first half of 2020.

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CubeSmart-Self-Storage-Missouri-City-Texas

MISSOURI CITY, TEXAS — Bellomy & Co. has arranged the sale of a 434-unit self-storage facility in the southeastern Houston metro of Missouri City that is managed by Pennsylvania-based REIT CubeSmart. The property features both climate- and non-climate-controlled units totaling 54,400 square feet of net rentable space with room for expansion. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the seller, Austin-based Yellowstone Investments, in the transaction. The trio also procured the undisclosed, Houston-based buyer.

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Parc-Air-59-Humble-Texas

HUMBLE, TEXAS — A partnership between two Dallas-based companies, developer Jackson-Shaw and investment firm Thackeray Partners, has begun work on Parc Air 59, a 320,000-square-foot industrial facility in the northern Houston metro of Humble. The Class A development will consist of a 160,000-square-foot, cross-dock building and two 80,000-square-foot single-load buildings. Features will include 28- and 32-foot clear heights, ESFR sprinklers and abundant trailer parking. Arch-Con Corp. is serving as general contractor for the project, which is scheduled for a fourth-quarter completion. Powers Brown is handling design of the project and Kimley-Horn is serving as civil engineer. Comerica is providing construction financing and Cushman & Wakefield will lease and manage the property.

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The-Elizabeth-at-Presidio-Austin

AUSTIN, TEXAS — StreetLights Residential has broken ground on The Elizabeth at Presidio, a 373-unit multifamily community in northwest Austin. The community will feature one-, two- and three-bedroom units ranging in size from 504 to 1,938 square feet. Amenities will include a pool, covered grilling stations, fitness center, pet park, a cocktail and coffee bar and co-working and conference spaces. The first units are expected to be available for occupancy in 2019. SLR Construction LLC is serving as general contractor on the project and Looney Ricks Kiss is handling the design, minus landscaping and unit interiors. The Elizabeth at Presidio will be StreetLights Residential’s second community in northwest Austin following The Michael at Presidio, a 415-unit property that opened in September 2016.

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Medical-City-Women's-Hospital-Dallas

DALLAS — Alabama-based general contractor Brasfield & Gorrie has completed Medical City Women’s Hospital Dallas, a $125 million healthcare project that was developed within the 801-bed Medical City Dallas Hospital. The project added five floors and 222 private rooms to Care Tower D at the complex. Other project features include 24 labor and delivery rooms, 84 neonatal intensive care units, 12 VIP suites and 16 medical/surgical rooms. National architecture firm Perkins + Will designed the property.

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UTMB-League-City-Texas

LEAGUE CITY, TEXAS — MD Anderson is nearing completion of its $97 million clinical cancer center at the University of Texas Medical Branch (UTMB) League City campus in the greater Houston area. Completion is slated for September. Construction of a 740-space parking garage on the campus, a project valued at roughly $30 million, is also nearing completion. UTMB has also announced plans to add a five-story wing to the main hospital.  

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ARLINGTON AND FARMERS BRANCH, TEXAS — Matthews Commercial Group, a Dallas-based brokerage firm, has arranged the sale of two commercial properties in the Dallas area. Eliud Sangabriel of Matthews represented the seller in the disposition of a 12,000-square-foot retail center in Arlington, which was built in 2006, and a 15,000-square-foot industrial building in Farmers Branch. Jeremy Mercer of Mercer Cos. represented the buyer of the industrial property. Other terms of sale were not disclosed

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