Texas

Rosewood Begins Leasing 311-Unit Multifamily Project in San Antonio

by Taylor Williams December 5, 2023

SAN ANTONIO — Dallas-based Rosewood Property Co. has begun leasing Phase II of Tobin Estates, a 311-unit multifamily project located on the north side of San Antonio. In addition to the 304 apartments that are housed in four buildings, Phase II features a building with seven townhomes and additional amenities, including a 4,500-square-foot fitness center. Units come in one-, two- and three-bedroom floor plans, with rents starting at roughly $1,400 per month for a one-bedroom apartment. Project partners included Oden Hughes Taylor Construction (general contractor), WDG Architecture, Westwood (civil engineer), B2 Architecture + Design (interior designer) and LandDesign (landscape architect). Full completion is slated for early 2024.

December 5, 2023

Leasing Activity Office Texas

Morrow Hill Signs 17,501 SF Office Lease Expansion in North Dallas

by Taylor Williams December 5, 2023

DALLAS — Locally based commercial real estate services firm Morrow Hill has signed a 17,501-square-foot office lease expansion in North Dallas. According to LoopNet Inc., the five-story building at 14800 Quorum Drive was constructed in 1980 and totals 106,600 square feet. Chris Morrow of Morrow Hill internally represented the tenant in the lease negotiations. Adam Toth represented the landlord, Boxer Property Group, also on an internal basis.

December 5, 2023

Acquisitions Multifamily Texas

Greysteel Arranges Sale of 16-Unit University Village Apartments in Fort Worth

by Taylor Williams December 5, 2023

FORT WORTH, TEXAS — Greysteel has arranged the sale of University Village, a 16-unit apartment complex that is located less than a block from Texas Christian University in Fort Worth. According to Apartments.com, the property was built in 1959 and offers one- and two-bedroom units. Andrew Mueller of Greysteel represented the buyer and seller, both of which requested anonymity, in the transaction.

December 5, 2023

Acquisitions Restaurant Retail Texas

STRIVE Negotiates Sale of 10,299 SF Restaurant Building in Katy, Texas

by Taylor Williams December 5, 2023

KATY, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of a 10,299-square-foot retail building in Katy, a western suburb of Houston, that is leased to Mexican restaurant chain Uncle Julio’s. The building was originally constructed in 2015. Jackson Brewer and Jake Dutson of STRIVE represented the seller and procured the buyer, both of which were Houston-area investors that requested anonymity, in the transaction.

December 5, 2023

Leasing Activity Restaurant Retail Texas

Los Caminos to Open 5,680 SF Mexican Restaurant in Flower Mound, Texas

by Taylor Williams December 5, 2023

FLOWER MOUND, TEXAS — Los Caminos Modern Cocina will open a 5,680-square-foot Mexican restaurant at Lakeside, a 160-acre mixed-use development in Flower Mound, a northern suburb of Fort Worth. The site spans 1.3 acres, and the space will include an 1,810-square-foot, climate-controlled patio. The opening is slated for fall 2024. Dallas-based Realty Capital Management owns Lakeside.

December 5, 2023

Development Industrial Texas

DrinkPAK Signs Two Industrial Lease Expansions Totaling 2.9 MSF in Fort Worth

by Taylor Williams December 4, 2023

FORT WORTH, TEXAS — California-based canned beverage manufacturer DrinkPAK has signed two industrial leases in Fort Worth representing 2.9 million square feet of expansion, moves that are expected to bring about 1,000 new full-time to the area by 2026. The space at Trammell Crow’s development at 25001 Eagle Parkway spans 1.5 million square feet. The deal at Carter Park East, which is owned by Crow Holdings Capital, Rob Riner Cos. and Clarion Partners, is for 1.4 million square feet. Patrick DuRoss, John DeGrinis, Jeff Abraham, Javier Galvan, Adam Faulk, James Cooksey, Garrison Efird and Adam Faulk Jr. of Newmark represented DrinkPAK in the lease negotiations. The City of Fort Worth has approved a 10-year tax abatement valued at $21 million for DrinkPAK’s expansion in support of the area’s long-term development.

December 4, 2023

Development Multifamily Texas

Wood Partners Opens 330-Unit Alta Cypress Springs Apartments in Metro Houston

by Taylor Williams December 4, 2023

CYPRESS, TEXAS — Atlanta-based multifamily developer Wood Partners has opened Alta Cypress Springs, a 330-unit project located on the northwestern outskirts of Houston. Alta Cypress Springs features one-, two- and three-bedroom apartments that are furnished with stainless steel appliances, granite countertops, tile backsplashes and full-size washers and dryers. Amenities include a pool, fitness center, dog park, business center, clubroom and an outdoor kitchen. Texas-based Design Balance served as the project architect. Rents start at roughly $1,300 per month for a one-bedroom apartment, according to the property website.

December 4, 2023

Acquisitions Multifamily Texas

RailField, Artemis Acquire 201-Unit Multifamily Property in Houston

by Taylor Williams December 4, 2023

HOUSTON — A partnership between Maryland-based investment firm RailField and Washington, D.C.-based Artemis Real Estate Partners has acquired Dolce Midtown, a 201-unit multifamily property located at 180 W. Gray St. in Houston. The property comprises two five-story buildings that were constructed in 2020. Dolce Midtown offers one- and two-bedroom units that are furnished with stainless steel appliances, built-in desks, individual washers and dryers and private balconies/patios. Amenities include a pool, fitness center, clubhouse, game room, business center and outdoor grilling and dining stations. The seller and sales price were not disclosed.

December 4, 2023

Acquisitions Multifamily Texas

35 South Capital Buys 84-Unit Village Place Apartments in Houston

by Taylor Williams December 4, 2023

HOUSTON — Locally based investment firm 35 South Capital has purchased Village Place Apartments, an 84-unit multifamily complex in Houston’s Hedwig Village neighborhood. The complex consists of 13 buildings on a 3.5-acre site. According to Apartments.com, units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, business center, clubhouse, outdoor grilling and dining stations and onsite laundry facilities. Newmark brokered the sale of the property. The seller and sales price were not disclosed.

December 4, 2023

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 21,136 SF Industrial Lease in Northwest Dallas

by Taylor Williams December 4, 2023

DALLAS — Lee & Associates has negotiated a 21,136-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the building at 2616 Willowbrook Road was built in 1994 and totals 49,636 square feet. Stephen Williamson of Lee & Associates represented the tenant, Greenpath Mail Operations, in the lease negotiations. Nathan Denton, also with Lee & Associates, along with Brett Owens and Jack Brewer of Transwestern, represented the landlord, an entity doing business as Warehouse Development Ltd.

December 4, 2023

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