Texas

Coldwell Banker Brokers Sale of 136,000 SF Data Center Facility in Irving

by Taylor Williams December 13, 2017

IRVING, TEXAS — Coldwell Banker Commercial Advisors (CBCA) has brokered the sale of a 136,000-square-foot, Tier IV-designed data center facility located at 6001 Campus Circle W. in Irving. The two-story property underwent an expansion in the 1980s that delivered an additional 94,000 square feet of space and five back-up generators totaling more than 8,100 kilowatts of power. The facility is currently configured to have a 74,500-square-foot data-raised floor, 34,000 square feet of office space and 27,500 square feet of infrastructure space. Ryan Crabtree of CBCA represented the buyer, Skywalker Property Partners, in the sale.

December 13, 2017

Retail Texas

Hunington Properties Negotiates Sale of 42,232 SF Retail Center in Metro Houston

by Taylor Williams December 13, 2017

SPRING, TEXAS — Hunington Properties Inc. (HPI) has brokered the sale of Postwood Shopping Center, a 42,232-square-foot retail center located at 5639 Treaschwig Road in the northern Houston metro of Spring. The property, which is shadow-anchored by Kroger, was built in 1985 and renovated in 2009. Current tenants include Chase Bank, State Farm Insurance, Boost Mobile and Anytime Fitness. Rafael Melara of HPI represented the seller in the transaction. Gary Smith of RCR Realty represented the buyer, a local investor.

December 13, 2017

Multifamily Texas

Northland Acquires 430-Unit Apartment Community in Southwest Austin

by Taylor Williams December 12, 2017

AUSTIN, TEXAS — Massachusetts-based Northland Investment Corp. has acquired The Park at Monterey Oaks, a 430-unit, Class A multifamily community located at 4701 Monterey Oaks Blvd. in southwest Austin. Built in 2000, the garden-style property consists of 15 two- and three-story buildings. Amenities include a property-owned park, community garden, nature trail, pool and boat parking. With this acquisition, Northland’s Austin portfolio totals 7,040 units across 19 properties.

December 12, 2017

Multifamily Texas

CBRE Brokers Sale of 352-Unit Apartment Community in Metro Houston

by Taylor Williams December 12, 2017

KATY, TEXAS — CBRE has brokered the sale of Luxe at Katy Apartments, a 352-unit multifamily community located at 22631 Colonial Parkway in the western Houston metro of Katy. The property, which was built in 2013 and was 97 percent occupied at the time of sale, was previously branded Remington Katy. Units average 940 square feet per residence. Matt Phillips and Clint Duncan of CBRE represented the seller in the transaction. Michael Thompson of CBRE arranged acquisition financing on behalf of the buyer. Both parties requested anonymity.

December 12, 2017

Restaurant Retail Texas

CRP, Wile Interests to Develop 30,000 SF Retail, Restaurant Destination in Houston

by Taylor Williams December 12, 2017

HOUSTON — Capital Retail Properties (CRP), in a partnership with Wile Interests Inc., will develop Market at Houston Heights, a 30,000-square-foot retail and restaurant destination in northwest Houston. The property will be located at 1533 N. Shepherd Drive fronting Laird and West 16th streets. Individual components will include a 4,000-square-foot structure allocated to dining, 26,000-square-foot mixed-use building, 3,000-square-foot plaza with seating for community events and 160 parking spaces. The developers expect to deliver space for tenant build-out in the fall of 2018.

December 12, 2017

Multifamily Texas

Silver Ventures Opens 122-Unit Apartment Complex at The Pearl in San Antonio

by Taylor Williams December 12, 2017

SAN ANTONIO — Silver Ventures has opened Cellars, a 122-unit multifamily complex situated within The Pearl, a mixed-use property in San Antonio. The 10-story building will offer one-bedroom units, as well as loft spaces and penthouses, with units ranging in size from 650 to 3,986 square feet. Amenities include 24-hour concierge and valet services, a rooftop pool with cabanas, a library, fitness center and a dog park. Rents start at $1,830 per month.

December 12, 2017

Retail Texas

Oldham Goodwin Arranges Sale of 72,718 SF Academy Sports in College Station

by Taylor Williams December 12, 2017

COLLEGE STATION, TEXAS — Oldham Goodwin Group LLC has arranged the sale of a 72,718-square-foot store leased to Academy Sports + Outdoors located at 2511 Earl Rudder Freeway in College Station. Oldham Goodwin Capital, the investment arm of Oldham Goodwin, sold the asset to a Texas-based private investor for an undisclosed price. Clinton Oldham represented the company internally in the sale, other terms of which were not disclosed.

December 12, 2017

Retail Texas

Weitzman to Develop 830,000 SF, IKEA-Anchored Retail Center in Metro San Antonio

by Taylor Williams December 11, 2017

LIVE OAK, TEXAS — Weitzman will develop Live Oak Town Center, an 830,000-square-foot retail center that will be located at the southwest quadrant of Interstate 35 and Loop 1604 in Live Oak, a northeastern suburb of San Antonio. A 300,000-square-foot IKEA will anchor the property, which will also feature 530,000 square feet of retail, restaurant and entertainment space. The project also includes the development of a public road to be named IKEA RBFCU Parkway, which will connect the center to Loop 1604. Construction of the IKEA, which will be the Swedish furniture retailer’s only location in South Texas, is slated to begin in spring 2018 with completion scheduled for spring 2019. Construction of the adjacent space is slated for a late 2019 completion.

December 11, 2017

Industrial Texas

Bob Moore Completes 609,000 SF Distribution Center for Sherwin-Williams in Waco

by Taylor Williams December 11, 2017

WACO, TEXAS — Bob Moore Construction has completed a new distribution center for paint retailer Sherwin-Williams in Waco. The facility, which will service Texas, Oklahoma, New Mexico and Louisiana, offers 609,000 square feet of storage space with the capacity to expand the building footprint by 33 percent in the future. Bob Moore Construction, which also built a 346,000-square-foot distribution center in Waco for Sherwin-Williams in 1990, began work on the project in early 2016. Roughly 260 employees from the older center will move to the new facility, according to local news source KWTX.

December 11, 2017

Multifamily Texas

RightQuest Breaks Ground on 144-Unit Apartment Project in Rio Grande Valley

by Taylor Williams December 11, 2017

EDINBURG, TEXAS — Dallas-based developer RightQuest has broken ground on Royal Vista Apartments, a 144-unit, Class A apartment community in the Rio Grande Valley (RGV) city of Edinburg. The property will be located along Sugar Road just west of Interstate 69, about three miles from the University of Texas Rio Grande Valley’s campus. The project also includes the development of two pad sites that can accommodate retail or hotel buildings. Amenities will include a media center, fitness center, resort-style pool with cabanas, a dog park and on-site storage facilities. The first units are expected to be available for occupancy in the summer of 2018. Houston-based Nations Construction Inc. will serve as general contractor on the project, which is being developed on behalf of Brownsville-based JTMR LLC.

December 11, 2017

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