Texas

Casey Development Breaks Ground on 645-Unit Self-Storage Facility in San Antonio

by Taylor Williams November 2, 2017

SAN ANTONIO — Casey Development Ltd. has broken ground on The Keep Storage, a 645-unit self-storage facility located near the intersection of Vance Jackson and Jackson Keller roads in San Antonio. The Class A property will feature more than 87,000 square feet of net rentable storage space. Approximately 95 percent of the units are climate-controlled. Baxter Contracting is serving as general contractor for the project, which was designed by Archcon Architecture. Delivery is scheduled for fall 2018.

November 2, 2017

Data Centers Industrial Texas

CyrusOne Breaks Ground on 340,000 SF Data Center Campus in Metro Dallas

by Taylor Williams November 2, 2017

ALLEN, TEXAS — Carrollton-based data center REIT CyrusOne has broken ground on a 340,000-square-foot data center campus located near the intersection of Stacy Road and Chelsea Boulevard in the northeastern Dallas metro of Allen. The three-building campus will be capable of generating more than 100 megawatts of power upon completion. The facility, which could span 90 acres at full build-out, raises CyrusOne’s total data center footprint in Texas to more than 1 million square feet.

November 2, 2017

Industrial Texas

Colliers Arranges Sale of Two Industrial Properties Totaling 400,000 SF in Metro Houston

by Taylor Williams November 2, 2017

STAFFORD AND SUGAR LAND, TEXAS — Colliers International has arranged the sale of two industrial properties totaling 400,000 square feet in the Houston metros of Stafford and Sugar Land. Jim Pratt and Trey Erwin of Colliers represented the seller of a 70,000-square-foot distribution facility located at 10702 Cash Road in Stafford. The tenant, Capital Plastics International Inc., will relocate from that property to a 330,000-square-foot facility located at 1601 Gillingham Lane in Sugar Land. Colliers recently represented the seller of that property as well.

November 2, 2017

Multifamily Texas

JLL Negotiates Sale of 238-Unit Apartment Community in Galveston

by Taylor Williams November 2, 2017

GALVESTON, TEXAS — JLL has negotiated the sale of Driftwood Apartments, a 238-unit multifamily community located at 7019 Lasker Drive in Galveston. The garden-style property consists of 15 buildings offering one- and two-bedroom units. Gulf Coast Kington Properties, an affiliate of San Angelo-based multifamily investment firm Kington Properties, purchased the asset for an undisclosed price. Chip Nash, Greg Austin and Bob Heard of JLL brokered the transaction.

November 2, 2017

Multifamily Texas

IPA Brokers Sale of 150-Unit Multifamily Property in San Antonio

by Taylor Williams November 2, 2017

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Quarry Luxury Townhomes, a 150-unit multifamily community situated on six acres at 250 Treeline Park in San Antonio. The property offers one-, two- and three-bedroom units and amenities such as a resort-style pool, 24-hour fitness center and resident clubhouse. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the undisclosed seller and procured the buyer, San Francisco-based investment firm Hamilton Zanze.

November 2, 2017

Industrial Texas

Hunt Southwest Breaks Ground on 202,270 SF Industrial Facility in McKinney

by Taylor Williams November 1, 2017

MCKINNEY, TEXAS — Hunt Southwest has broken ground on a 202,270-square-foot industrial facility located at 900 Wilmeth Road near U.S. Highway 75 in McKinney. The property will be configured as a front-park, rear-load facility and feature amenities such as 32-foot clear heights, an ESFR sprinkler system, LED warehouse lighting, 43 dock-high doors and two acres of additional land for parking or outside storage. Construction of the facility, which is being built on a speculative basis, is expected to be complete by June 2018. Hunt Southwest expects to begin developing another 200,000-square-foot speculative industrial facility within University Business Park in McKinney during the second quarter of 2018.

November 1, 2017

Industrial Texas

Fort Capital Acquires 369,625 SF Industrial Portfolio in Fort Worth

by Taylor Williams November 1, 2017

FORT WORTH, TEXAS — Fort Worth-based investment firm Fort Capital has acquired a four-property, 369,625-square-foot industrial portfolio in Fort Worth. The properties include the 116,000-square-foot Suffolk Business Park located at 2901-2951 Suffolk Drive; a 63,795-square-foot property located at 2020 E. 24th St.; a 16,000-square-foot property located at 500 E. Central St.; and a 173,830-square-foot property located at 1101 NE 23rd St. Collectively, the properties were 94 percent leased at the time of sale.

November 1, 2017

Retail Texas

Mimco Acquires Big Lots-Anchored SF Shopping Center in Metro Fort Worth

by Taylor Williams November 1, 2017

NORTH RICHLAND HILLS, TEXAS — Mimco Inc. has acquired North Park Plaza, a 55,000-square-foot shopping center located at the intersection of Rufe Snow Drive and Mid Cities Boulevard in the Fort Worth metro of North Richland Hills. Anchored by Big Lots, the center currently houses 13 tenants and has three spaces available for lease. A private investor based in New York sold the asset for an undisclosed price. With this transaction, Mimco’s portfolio in Dallas-Fort Worth (DFW) now exceeds 1 million square feet.

November 1, 2017

Industrial Texas

J. Beard Brokers Sale of Two Flex Properties Totaling 119,675 SF in Houston

by Taylor Williams November 1, 2017

HOUSTON — The J. Beard Real Estate Co. has brokered the sale of two office/ warehouse facilities totaling 119,675 square feet in Houston. The properties span four buildings and are situated on 16.7 acres at 12450 and 12452 Cutten Road. Jeff Beard of J. Beard represented the undisclosed buyer in the transaction. Cape Bell and Allison Hall of Cushman & Wakefield represented the seller, Northwest Real Estate Holdings LLC. Downhole Technology LLC, a provider of hydraulic fracturing plugs, will occupy both buildings.

November 1, 2017

Office Texas

Cushman & Wakefield Negotiates 55,178 SF Office Lease Extension in Houston

by Taylor Williams November 1, 2017

HOUSTON — Cushman & Wakefield has negotiated a 55,178-square-foot office lease extension on behalf of national law firm Chamberlain, Hrdlicka, White, Williams & Aughtry. The company will continue to occupy the 13th and 14th floors at Two Allen Center, a 979,000-square-foot office property located at 1200 Smith St. in Houston, through 2028. David Guion and Tim Relyea of Cushman & Wakefield represented the law firm in the lease negotiations. John Pruitt, Bubba Harkins and Jessica Ochoa of JLL represented the landlord, Brookfield Property Partners.

November 1, 2017

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