Texas

CBRE Negotiates 214,536 SF Industrial Lease in Metro San Antonio

by Taylor Williams October 4, 2017

SCHERTZ, TEXAS — CBRE has negotiated a 214,536-square-foot industrial lease at 9850 Doerr Lane in the San Antonio metro of Schertz on behalf of Ace Mart Restaurant Supply. The company will use the cross-dock facility as a distribution center for its 14 Texas stores. Rob Burlingame and Greg Pierce of CBRE represented Ace Mart in the lease negotiations. Joshua Aguilar of CBRE represented the landlord, HPI, which was also represented internally by Jordan Walker. HPI purchased the building in May and has brought it to full occupancy with this signing.

October 4, 2017

Mason Joseph Closes $37M HUD Construction Loan for 283-Unit Apartment Community in Denton

by Taylor Williams October 4, 2017

DENTON, TEXAS — Mason Joseph Co. Inc. has closed a $37 million loan for the construction and permanent financing of Discovery Park Apartments, a 283-unit multifamily community in Denton. Located at the intersection of North Elm Street and Riney Road, the garden-style property will be situated across from a 290-acre public/private research campus occupied by the University of North Texas College of Engineering. HUD provided the 40-year, non-recourse loan, which features a fixed interest rate, through its 221(d)(4) program. N.E. Construction LLP will serve as developer and general contractor for the project, which has a 24-month construction period.

October 4, 2017

Hospitality Texas

Hilton Opens 162-Room Embassy Suites Hotel in College Station

by Taylor Williams October 4, 2017

COLLEGE STATION, TEXAS — Hilton Worldwide has opened Embassy Suites by Hilton College Station, a 162-room hotel located at 201 University Drive E in College Station, less than a mile from Texas A&M University’s campus. Managed by Aimbridge Hospitality, the hotel offers 4,500 square feet of meeting and banquet space, as well as a pool, fitness center and on-site bar and grill.

October 4, 2017

Retail Texas

Baker Katz Secures 6,300 SF Retail Lease with Healthcare Tenant in Houston

by Taylor Williams October 4, 2017

HOUSTON — Baker Katz has secured a 6,300-square-foot retail lease at Stonegate Shopping Center in Houston on behalf of American Family Care, a primary and urgent care provider. Ben Brown of Baker Katz and Jennifer Watson of Newmark Knight Frank represented the tenant in the lease negotiations. Jim Bayne of Investar Real Estate Services represented the undisclosed landlord. The clinic is expected to open during the fourth quarter.

October 4, 2017

Healthcare Texas

Daymark Living Begins Work on 144,853 SF Supportive Housing Project in Metro Dallas

by Taylor Williams October 3, 2017

WAXAHACHIE, TEXAS — Daymark Living, a developer of supportive housing communities, has begun work on a 144,853-square-foot project in the Dallas metro of Waxahachie for adults with learning differences and intellectual delays. Scheduled to be complete in August 2018, the property will feature 28 cottages capable of housing 200 residents and amenities such as resort-style pools, sport courts, computer labs and community grills. Dallas-based Merriman Anderson/Architects is designing the community.

October 3, 2017

Office Texas

CBRE Negotiates 55,000 SF Office Lease Expansion in Plano for Fintech Firm

by Taylor Williams October 3, 2017

PLANO, TEXAS — CBRE has negotiated a 55,000-square-foot office lease expansion for Alkami Technology, a provider of online and mobile banking solutions, at 5601 Granite Parkway in Plano. The company will now occupy approximately 90,000 square feet and two additional floors within the 14-story, 362,000-square-foot building. Jeff Ellerman, Clay Vaughn and Preston Lynn of CBRE represented the tenant, which employs about 275 people in its Dallas office, in the lease negotiations.

October 3, 2017

Industrial Texas

Stream, McCombs Break Ground on 179,655 SF Warehouse in San Antonio

by Taylor Williams October 3, 2017

SAN ANTONIO — Stream Realty Partners and McCombs Properties have broken ground on a 179,655-square-foot warehouse that will be located along Interstate 10 in Gateway10 Business Park on San Antonio’s northeast side. Completion is currently slated for June 2018. Building features will include 32-foot clear heights, 230-foot building depth, 38 dock-high, rear-load doors and ESFR fire suppression.

October 3, 2017

Retail Texas

Weitzman Secures 18,383 SF Retail Lease in San Antonio

by Taylor Williams October 3, 2017

SAN ANTONIO — Weitzman has secured an 18,383-square-foot retail lease at Ingram Festival, a power retail center located at 6003-6005 NW Loop 410 in San Antonio. David Nicolson and Bryan Parman of Weitzman represented the landlord in the lease negotiations. SFP Brokerage LLC represented the tenant, Spec’s Wines, Spirits & Finer Foods. With this new lease, the center is now 100 percent occupied.

October 3, 2017

Hospitality Oklahoma Texas

Hilton Opens 99-Room Home2 Suites Hotel in Metro Oklahoma City

by Taylor Williams October 3, 2017

MIDWEST CITY, OKLA. — Hilton Worldwide has opened Home2 Suites by Hilton OKC Midwest City Tinker AFB, a 99-room hotel located in Midwest City, an eastern suburb of Oklahoma City. Amenities include a combined fitness and laundry area, 1,000 square feet of meeting space and an indoor pool. The property is located at 1820 Center Drive near Tinker Air Force Base, Rose State College and Will Rogers World Airport.

October 3, 2017

Multifamily Texas

ZOM Living Breaks Ground on $45M Apartment Community in McKinney

by Taylor Williams October 2, 2017

MCKINNEY, TEXAS — Orlando-based multifamily developer ZOM Living has broken ground on The KINSTEAD, a $45 million, garden-style apartment community in McKinney. The 376-unit property will comprise six three-story buildings, the first units of which are scheduled for a first-quarter 2018 delivery. Amenities will include a coffee bar, yoga or spin room and sports simulator. Stanford Construction will serve as general contractor for the project, which is ZOM Living’s fifth in the Dallas area and 10th overall in Texas.

October 2, 2017

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