Texas

Greystone Arranges $6.3M Sale of Skilled Nursing Facility in El Paso

by John Nelson April 17, 2018

EL PASO, TEXAS — Greystone’s Real Estate Advisors division has arranged the $6.3 million sale of Nazareth Living Care Center, a 124-bed skilled nursing facility located at 1475 Raynolds St. in El Paso. Chicago-based Mozart Healthcare LLC purchased the asset from Nazareth Hall, a nonprofit organization based in Texas. Mike Garbers and Cody Tremper of Greystone represented Nazareth Hall in the transaction. Paramount Healthcare is currently operating the community, which comprises two buildings situated on a 3.4-acre site. According to the property website, Nazareth Living Care Center features private suites, a transitional suite, fast-track recovery services and a therapy gym.

April 17, 2018

Leasing Activity Office Property Type Texas

Balfour Beatty Renews 46,694 SF Office Lease in Dallas

by John Nelson April 17, 2018

DALLAS — Construction firm Balfour Beatty has renewed its 46,694-square-foot office lease at Citymark at Katy Trail, a 226,344-square-foot office development located in the Uptown area of Dallas. Balfour Beatty’s new lease will keep the company in its current space, in which approximately 200 employees work, for another 10 years. Amenities at the property include a deli, fitness center with locker rooms, conference rooms and access to the Katy Trail. Richard Collinsworth of Bradford Commercial Real Estate Services represented the landlord, 3100 McKinnon LP, in the lease negotiations. Phil Puckett, Neal Puckett and Harlan Davis of CBRE represented Balfour Beatty.

April 17, 2018

Development Retail Texas

Weingarten Begins Work on 25-Acre Retail Project in San Antonio

by Taylor Williams April 16, 2018

SAN ANTONIO — Weingarten Realty, a Houston-based REIT, has begun work on the 25-acre retail portion of Stevens Ranch, a 2,400-acre master-planned community in San Antonio. The site will consist of a 20,000-square-foot retail shell, which broke ground in February, as well as five one-acre pad sites and one 18.3-acre pad site. Deliver is slated for the fall. Tenants that have preleased space at the property include Supercuts, Quarry Nails and Smilepoint Dental Group. Fulcrum Construction is serving as general contractor for the project, which is being designed by Lune Middleman Architects.

April 16, 2018

Development Industrial Self-Storage Texas

The Jenkins Organization Opens 293-Unit Self-Storage Facility in Metro Houston

by Taylor Williams April 16, 2018

MAGNOLIA, TEXAS — The Jenkins Organization has opened Magnolia Parkway Storage, a 293-unit self-storage facility in Magnolia, a northwestern suburb of Houston. The property will feature climate- and non-climate-controlled units across 44,933 net rentable square feet and includes boat/RV storage space. The facility, which will be the company’s 23rd in the Houston area, also has the capacity to be expanded. The grand opening was Saturday, April 21.

April 16, 2018

Development Office Texas

The Deal Co. to Open 48,000 SF Creative Office Building in Houston

by Taylor Williams April 16, 2018

HOUSTON — The Deal Co., a Houston-based development firm, will open Sabine Street Studios, a 48,000-square-foot creative office building in Houston. The building, which has 67 studio spaces available for lease to local artists and creative businesses, is situated within Sawyer Yards, a 55-acre mixed-use development in Houston’s historic First Ward. The grand opening is scheduled for Saturday, April 28.

April 16, 2018

Industrial Leasing Activity Texas

NAI Partners Arranges 6,011 SF Industrial Lease in Houston

by Taylor Williams April 16, 2018

HOUSTON — NAI Partners has arranged a 6,011-square-foot industrial lease at 495 W. 38th St. in Houston on behalf of Eagle Controls Inc., a Houston-based original equipment manufacturer (OEM). Jake Wilkinson of NAI Partners represented Eagle Controls in the lease negotiations. The name and representative of the landlord were not disclosed.

April 16, 2018

Development Industrial Texas

Liberty to Develop 172,210 SF Industrial Facility in Irving

by Taylor Williams April 13, 2018

IRVING, TEXAS — Liberty Property Trust will develop a 172,210-square-foot industrial facility within GSW North, an industrial park in Irving. The facility will be located near Dallas-Fort Worth (DFW) International Airport and offer convenient access to State Highways 161, 360 and 183. Construction of the facility, which is slated to begin this month and wrap in December, marks Phase III of development. Cushman & Wakefield will handle leasing of the building, completion of which will bring the total size of the park to 709,000 square feet.

April 13, 2018

Development Office Texas

Clay Development to Build 150,000 SF Office Campus in Houston

by Taylor Williams April 13, 2018

HOUSTON — Clay Development & Construction will build Offices @ North Post Oak, a seven-building, 150,000-square-foot office campus in Houston. The property will be situated on a 7.5-acre site between the Galleria/Post Oak area and the planned high-speed rail terminal at Northwest Mall. Building features will include 12,000-square-foot floor plates and 14-foot ceiling heights. Clay will break ground on the first two buildings during the third quarter, with a target completion date of first-quarter 2019. Frost Bank is providing construction financing for the project, which is being designed by Cisneros Design Studio.

April 13, 2018

Acquisitions Industrial Self-Storage Texas

Bellomy Arranges Sale of 482-Unit Self-Storage Facility in Metro Austin

by Taylor Williams April 13, 2018

LEANDER, TEXAS — Bellomy & Co. has arranged the sale of Big & Safe Self Storage, a 482-unit facility in Leander, a northwestern suburb of Austin. Built in 2004 and expanded in 2014, the property features climate- and non-climate-controlled units totaling 60,475 net rentable square feet. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Vermont-based seller in the transaction. The team also procured the buyer, Montfort Capital Partners, a Dallas-based self-storage investment firm.

April 13, 2018

Acquisitions Retail Texas

CBRE Negotiates Sale of 74,310 SF Retail Center in Denton

by Taylor Williams April 13, 2018

DENTON, TEXAS — CBRE has negotiated the sale of Shops at Colorado, a 74,310-square-foot retail center in the North Texas city of Denton. The property was 100 percent leased at the time of sale to tenants such as Bed Bath & Beyond, Staples, Party City and Sherwin-Williams. Chris Gerard, Chris Cozby and Blaine Dozier of CBRE represented the seller, RCG-Denton LLC, in the transaction. Lincoln Retail Income & Growth Fund purchased the asset for an undisclosed price.

April 13, 2018

Newer Posts

Older Posts