Texas

Casey Development Opens The Keep Storage at Westover Hills in San Antonio

by Haisten Willis October 24, 2016

SAN ANTONIO — Casey Development Ltd. has opened The Keep Storage at Westover Hills in San Antonio. The property is a 106,000-square-foot, Class A self-storage facility located at the northeast corner of Highway 151 and Ingram Road. The facility provides 671 storage units and 10 mini offices. The storage units vary in size from five- by five-foot lockers to 10- by 30-foot units, and73 percent are climate controlled. The Keep Storage at Westover Hills is Casey Development’s first self-storage facility. Future Keep Storage facilities in San Antonio are under development in Stone Oak, Thousand Oaks/Henderson Pass and on Vance Jackson Road outside Loop 410. Amenities include on-site management, a digital surveillance system with closed-circuit visual hallway monitoring, individual door alarms and controlled access entry.

October 24, 2016

javelina-station-apartments-kingsville-texas

Oldham Goodwin Capital Arranges Sale of Student Housing Community in South Texas

by Haisten Willis October 24, 2016

BRYAN, TEXAS — Oldham Goodwin Capital (OGC) has arranged the sale of Javelina Station Apartments, a 360-bed student housing community located at 1300 W. Corral Ave. in Kingsville, to ApexOne Investment Partners. Oldham Goodwin Capital is a subsidiary of Oldham Goodwin Group LLC. Javelina Station Apartments is located within walking distance of Texas A&M University — Kingsville. Amenities include a swimming pool, outdoor kitchen and barbecue area, fitness center, theater room, game room, study room and coffee bar.

October 24, 2016

Multifamily Texas

IPA Brokers Sale of 276-Unit Apartment Complex in San Antonio

by Haisten Willis October 24, 2016

SAN ANTONIO — Institutional Property Advisors (IPA) a division of Marcus & Millichap, has brokered the sale of Boardwalk Med Center, a 276-unit apartment community in northwest San Antonio. Will Balthrope, Drew Kile and Jordan Featherston of IPA represented the seller and procured the buyer, an affiliate of Starlight U.S. Multi-Family. The property is located at 7838 Huebner Road, near the South Texas Medical Center, the University of Texas at San Antonio and the world headquarters of USAA. Completed in two phases in 2011 and 2014, Boardwalk Med Center’s community amenities include a swimming pool, fitness center, outdoor fire pit and a dog park. Unit amenities include granite countertops, black appliances and full-size washers and dryers.

October 24, 2016

Office Texas

Venture Commercial Negotiates 16,000 SF Office Sale in Plano

by Haisten Willis October 24, 2016

PLANO, TEXAS — Venture Commercial’s David Schnitzer has represented the firm of R. E. Lopez and Associates LP in the acquisition of a 16,000-square-foot office building in Plano for a relocation and expansion of its law offices. The two-story building, named The 550, is located at 550 E. 15th St. at the southeast quadrant of 15th Street and North Central Expressway. Lopez will occupy the top floor and will lease out the bottom floor of the building. Brandon Crow and Wilson Stafford of EDGE Realty Partners represented the seller, 4 Green House Holdings I LLC.

October 24, 2016

Mixed-Use Texas Top Stories

Cordish Begins $250M Phase I of Texas Live! in Arlington

by Jeff Shaw October 24, 2016

ARLINGTON, TEXAS — The Cordish Companies has started construction of the first phase of Texas Live!, a $250 million mixed-use project located between the Texas Rangers’ Globe Life Park and the Dallas Cowboys’ AT&T Stadium in Arlington. The project will include 200,000 square feet of dining and entertainment space; a 5,000-capacity outdoor event pavilion; a full-service 300-room convention hotel; and a 35,000-square-foot meeting/convention facility. Texas Live! will bring more than 3,000 new jobs and three million new visitors to Arlington when it is completed in 2018, according to the developers. The dining and entertainment portion of the project will open in the spring of 2018. The hotel/convention facility will open the following fall. Anchors of the retail portion will include Rangers Republic fan clubhouse; Live! Arena, a multi-level central gathering place; Arlington Backyard, a 5,000-capacity outdoor event pavilion; and a flagship restaurant by Guy Fieri. The first phase of Texas Live! is part of a greater $4 billion vision of the Arlington stadium district, which includes additional phases of Texas Live!, the new Rangers Ballpark and the preservation and repurposing of Globe Life Park. “It is the Rangers’ intent to preserve the beautiful exterior façade of Globe Life Park,” says …

October 24, 2016

Office Texas

Trusource Labs Signs 32,500 SF Office Lease at Parmer 3.2 in Austin

by Haisten Willis October 21, 2016

AUSTIN, TEXAS — Karlin Real Estate has signed Trusource Labs, a technical support services company, to a long-term lease for 32,500 square feet at Parmer 3.2. The 192,500-square-foot, Class A office building is located within Parmer, a 300-acre technology and life science park in north-central Austin. The lease at Parmer 3.2 allows Trusource Labs to consolidate 250 employees working from the offices of two of its local clients. The company will continue to maintain its south Austin corporate headquarters. Trusource will occupy the property next February. Mark Emerick and John Barksdale of CBRE’s Austin office represented Karlin in the lease transaction. Jesse Weber of Newmark Grubb Knight Frank’s Austin office represented Trusource.

October 21, 2016

Office Texas

Service First Mortgage to Relocate Headquarters to McKinney Corporate Center I

by Haisten Willis October 21, 2016

McKINNEY, TEXAS —Service First Mortgage, a full-service mortgage lending company, has leased 25,000 square feet of office space in McKinney Corporate Center I, a Class A office building located at 6800 Weiskopf Ave. in McKinney. The deal will relocate the company’s corporate headquarters from Richardson. Cushman & Wakefield’s Craig Wilson, Dan Harris and Randy Cooper arranged the lease. Located within the 2,200-acre Craig Ranch community between the Dallas North Tollway and U.S. Highway 75, the office complex provides access to the cities of Plano, Allen and Frisco. Craig Ranch is also within a 30-minute drive of DFW International Airport and Dallas Love Field.

October 21, 2016

Healthcare Office Texas

Byrne Investment Brokers Sale of Medical Office Building in Dallas

by Haisten Willis October 21, 2016

DALLAS — Byrne Investment Co. brokered the sale of a medical office building to a partnership controlled by Roger Gault of Gault Co. and Robert Gunby of RTG Capital LLC. The property is located at 4844 Greenville Ave. in Dallas. The 4,000-square-foot building is under a long-term lease by urgent care clinic MedSpring. The building sits on a 9,500-square-foot site located between Lovers Lane and University Avenue.

October 21, 2016

Retail Texas

M&M Arranges Sale of Shopping Center in Austin

by Haisten Willis October 21, 2016

AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Oak Hill Centre, a 43,261-square-foot retail center in Austin. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a Texas-based limited partnership, and procured the buyer, another Texas-based limited partnership. Built in 1984, Oak Hill Centre is located at the intersection of William Cannon Drive and Highway 290. At the time of the sale, the property was 96.5 percent occupied.

October 21, 2016

Market Reports Multifamily Texas Texas Market Reports

Dallas Multifamily Market Has Staying Power

by Haisten Willis October 21, 2016

Success breeds success. That adage, more than any other, defines the Dallas-Fort Worth economy and its strong multifamily market. In the last five years, a number of companies, such as Toyota North America and Nationstar Mortgage, impressed by the advantages of doing business in Dallas-Fort Worth, have relocated their headquarters here. These companies were attracted by the area’s central location, equidistant from both coasts, as well as an educated workforce, a diverse economy and a favorable business climate. This year Jamba Juice, among other companies, took notice and announced that they are joining the migration to north Texas. Even companies not choosing to uproot their headquarters are expanding their presence in Dallas-Fort Worth. Early this year, JPMorgan Chase picked Plano’s Legacy West development for a new 6,000-employee campus, next door to Toyota as well as Liberty Mutual, which itself will add 5,000 workers to a huge new service center it is building there. Also this year, Fannie Mae announced it would move more than 1,000 workers to Plano, the medical giant McKesson revealed plans to add 1,000 office jobs in Irving and Pegasus Foods chose Rockwall for a new plant that will employ 300. The Federal Reserve Bank of Dallas’ …

October 21, 2016

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