WEBSTER, TEXAS — Bay Area Regional Medical Center and Medistar Corp. are developing a medical office building near the intersection of East Medical Center Boulevard and Highway 3 in Webster. The 60,000-square-foot building will offer medical office space to support the growth of Bay Area Regional. The project is slated to start in the third quarter. The partnership is also developing an ambulatory surgery center at Gemini III, Medistar’s three-building campus in Houston.
DALLAS — EDGE Realty Capital has brokered the sale of a single-tenant office building located at 2320 Stemmons Trail in Dallas. Double Run LP acquired the 14,000-square-foot property from Navin Enterprises Inc. for an undisclosed price. Octapharma Plasma is the sole occupant of the building. Brandon Beeson and Brandon Crow of EDGE represented the seller in the deal.
WILMER, TEXAS — Port Logistics Realty (PLR) has completed the construction of the first building at its 531-acre, $500 million Southport Logistics Park in Wilmer. The 1.1 million-square-foot property features a cross-dock design, 36-foot clear heights, 570-foot building depth, 185-foot truck court, a 60-foot staging area, 54- by 50-foot column spacing, truck courts and vehicle parking. PLR is currently underway on the remainder of Southport Logistics Park’s first phase, which includes $22 million in infrastructure investments and a total of five buildings totaling more than 3.8 million square feet. The park’s second building, a 400,000-square-foot facility, is under construction and scheduled for completion in the second quarter. At full buildout, the park will feature 9 million square feet of new distribution and e-commerce fulfillment centers, with up to nine buildings ranging in size from 400,000 square feet to 1 million square feet. Southport Logistics Park is a joint venture between PLR and Diamond Realty Investments, a wholly owned subsidiary of Mitsubishi Corp.
CORPUS CHRISTI, TEXAS — Titan Senior Living has started construction on Elan: A Senior Lifestyle, a 109-unit seniors housing community that will be situated at the intersection of Saratoga Boulevard and Staples Street in Corpus Christi. Slated to open in the summer of 2018, the property will feature assisted living and memory support services, chef-prepared meals, a bistro, salon, wellness center and 24/7 concierge services. Civitas Senior Living will operate the property.
SAN ANTONIO — Bellomy & Co. has arranged the sale of Crestway Self Storage, located at 7095 Crestway Road in San Antonio. Lockaway Storage acquired the property for an undisclosed price. Built in 2008, the 22,300-square-foot property features 161 units. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the undisclosed, San Antonio-based seller in the deal.
HOUSTON — Bay Area Regional Medical Center and Medistar Corp. are developing a new ambulatory surgery center at Gemini III, Medistar’s three-building medical campus in Houston. The facility will feature new medical equipment, two special procedure rooms and four operating suites with future expandability to six operating rooms. Plans are underway now for the surgery center, with construction slated for completion late this year. Located on the same campus, Gemini I and II are fully leased to orthopedic surgeons, pain management and primary care physicians.
GARLAND, TEXAS — Henry S. Miller Cos., dba HSM Hwy 66 Storage LP, is developing a self-storage facility located at 1020 Hebron Drive in Garland. The 77,000-square-foot facility will feature 763 storage units. Construction began in mid-January and units are expected to be available in early fall. The property will offer interior and drive-up units, security and controlled access and an on-site manager. CubeSmart will manage the facility.
HOUSTON — Morgan, a multifamily development, construction and property management firm, has broken ground for the construction of its latest Pearl apartment development in Houston’s Midtown district. Located at 3120 Smith St., the project will feature a 40,000-square-foot Whole Food Market on the ground floor and 264 apartment units above. Slated to open in 2019, the new development will be located across the street from the first phase of Morgan’s Pearl Midtown, which opened in 2014. Amenities at the development will include a dog park and wash area, bike storage room, Uber waiting room, sky lounge, pool and a fitness center. Ziegler Cooper is serving as architect, while Carnegis Group is providing interior design services.
THE WOODLANDS, TEXAS — The Howard Hughes Corp. and its wholly owned subsidiary The Woodlands Development Co. have opened a self-storage property located on College Park Drive in The Woodlands. The 654-unit property is the company’s initial national venture into self-storage operations. The company is also developing a second self-storage facility along FM 2978 in The Woodlands totaling 784 units. The second facility is set to open in April. CubeSmart will manage both facilities. The properties will feature gated entries, video surveillance and individual entry alarms on each unit.
PASADENA, TEXAS — Marcus & Millichap has arranged the sale of Pasadena Park Shopping Center, a retail property located at 6801 Spencer Highway in Pasadena. A limited liability company sold the 163,992-square-foot property for an undisclosed price. At the time of sale, the property was 91 percent leased by a variety of tenants, including Big Lots, Dollar Tree, Surplus Warehouse and Harbor Freight. Jerry Goldstein of Marcus & Millichap represented the seller and secured the buyer, a limited liability company, in the deal.