Texas

Three Firms Begin Construction of 460,000 SF Office Tower in Downtown San Antonio

by Taylor Williams March 30, 2017

SAN ANTONIO — Weston Urban, KDC and TRT Holdings Inc. have broken ground on Frost Tower, a 460,000-square-foot, Class A office property on Houston Street in downtown San Antonio. The 23-story building will consist of 430,000 square feet of office space, a 400,000-square-foot wraparound parking facility, 20,000 square feet of ground-floor retail space and 10,000 square feet of tenant amenity space, which includes a lounge and a fitness center. Clark Construction Group LLC is the general contractor for the project, which is slated for a 2019 completion.

March 30, 2017

Berkshire Hathaway Affiliate Breaks Ground on 100-Acre Lifestyle Center in The Colony, Texas

by Taylor Williams March 30, 2017

THE COLONY, TEXAS — Nebraska Furniture Mart, a division of Berkshire Hathaway, has broken ground on a 100-acre lifestyle retail center that is part of Grandscape, a 433-acre, mixed-use development located along the Sam Rayburn Tollway in the Dallas-Fort Worth metro of The Colony. Upon completion, Grandscape will span 3.9 million square feet of retail, multifamily and hospitality space, with an outdoor amphitheater and a convention center. Two restaurants, Thirsty Lion Gastropub and Twigs Bistro & Martini Bar, have committed to locations at the property, with openings scheduled for 2018 and 2019, respectively.

March 30, 2017

Industrial Texas

CBRE Negotiates 159,785 SF Industrial Lease in North Houston

by Taylor Williams March 30, 2017

HOUSTON — CBRE has negotiated a 159,785-square-foot industrial lease on behalf of McLane Group International LP, a global logistics firm, at Interstate Commerce Center in north Houston. Located at 1902 Cypress Station Drive on Houston’s north side, the property consists of about 284,000 square feet of industrial space. Patrick Rollins of CBRE represented McLane Group in the transaction. Stream Realty represented the landlord, Hillwood Investment Properties.

March 30, 2017

Hospitality Texas

William Cole Cos. Completes Development of 176-Key Hotel Near Texas A&M University

by Taylor Williams March 30, 2017

BRYAN, TEXAS — William Cole Cos. has completed development of The Stella, a 176-key hotel in Bryan, a city near Texas A&M University in College Station. Located at 4100 Lake Atlas Drive, the property is part of ATLAS, a master-planned development approximately two miles from the school’s campus. Hotel amenities include suites with wraparound balconies, minibars in every room, 20,000 square feet of event and meeting space and an on-site restaurant. The hotel will open April 6.

March 30, 2017

Office Texas

Crow Holdings Unveils Final Building Plans for Dallas Office Development

by Taylor Williams March 29, 2017

DALLAS — Crow Holdings has released plans for a six-story, 90,000-square-foot building that will be the final structure in the Old Parkland project, a multi-building redevelopment in Dallas. Launched in 2006, the ambitious project includes revamping the historic buildings and grounds of the former Parkland Hospital, a 103-year-old structure that Crow has renovated to serve as its corporate headquarters. The property now features 334,000 square feet of master-planned, Class A office space situated on 9.5 acres on Maple Avenue in Dallas. Delivery of the building is slated for the first quarter of 2019.

March 29, 2017

Industrial Texas

350,000 SF Distribution Center in Wilmer Opens for Leasing

by Taylor Williams March 29, 2017

WILMER, TEXAS — Interpoint Distribution Center, a 350,000-square-foot industrial property under construction in the Dallas suburb of Wilmer, is now available for lease. Situated on 24.3 acres near the crossing of Interstate 45 and Fulghum Road roughly 15 miles from downtown Dallas, the center will feature a 420-foot cross-dock configuration, 60-foot staging bays and 170 parking spaces. Colliers International will handle leasing of the building, construction of which is scheduled for completion this July.

March 29, 2017

Office Texas

Civitas Capital Signs 24,724 SF Office Lease in Downtown Dallas

by Taylor Williams March 29, 2017

DALLAS — Civitas Capital Group has signed a lease to occupy 24,724 square feet of office space at One Arts Plaza in downtown Dallas. The mixed-use property, which is located at 1722 Routh St., features more than 500,000 square feet of office space. Under the terms of the lease, which begins this summer, the new space will serve as Civitas’ corporate headquarters. Phil Puckett and Harlan Davis of CBRE represented Civitas in the transaction, and James Esquivel, Blake Shipley and Ahnie Gampper of JLL represented the landlord, Billingsley Co., a Texas-based developer. Through its affiliates, Civitas offers alternative investment strategies and EB-5 investments, as well as a range of products and services for institutional investors and family offices

March 29, 2017

Hospitality Texas

Home2 Suites Opens 99-Suite Hotel in McAllen, Texas

by Taylor Williams March 29, 2017

MCALLEN, TEXAS — Home2 Suites by Hilton has opened a 99-suite location in the McAllen, a city in south Texas near the Mexico border. Amenities include a combined laundry and fitness area, outdoor pool and meeting/event space that can accommodate up to 100 guests. Perspective Hospitality Management Services will manage the property, which is located at 525 S. Ware Road, approximately three miles from McAllen-Miller International Airport.

March 29, 2017

Office Texas

Transwestern Brokers Sale of 22,666 SF Office Building in Arlington

by Taylor Williams March 29, 2017

ARLINGTON, TEXAS — Transwestern has brokered the sale of a 22,666-square-foot office property located at 300 W. Arbrook Blvd. in Arlington. Jim Sager of Transwestern represented the seller, 300 Arbrook LP, in the transaction. The representative of the buyer, Arbrook Investment Properties LLC, was not specified.

March 29, 2017

Hospitality Multifamily Texas

WaterWalk Breaks Ground on Hybrid Extended-Stay Hotel, Apartment Project in Irving

by Katie Sloan March 28, 2017

IRVING, TEXAS — WaterWalk Hotel Apartments has broken ground on WaterWalk Las Colinas, located adjacent to DFW Airport at George Bush Turnpike and West Royal Lane in Irving. WaterWalk Las Colinas will feature 153 units across two buildings and is expected to open by Memorial Day of 2018. The franchised property is owned by a group of investors based in Wichita, Kan., and led by Allan Dunne, owner and manager of Dunne Investments and Dunne Property Co. The Law Company is the general contractor on the project, and LK Architecture is the architect. Both companies are also based in Wichita. WaterWalk combines the features of an upscale extended-stay hotel with the lifestyle of apartment living. Guests may choose to stay a day, a week, a month, a year, or longer with one all-inclusive bill for utilities, DirecTV with 300 channels and premium channels, DVR, Internet, phone, gym facility and 24/7 concierge services. With the full-service package, guests receive fully furnished accommodations, housekeeping and a complimentary breakfast delivered to the suite. The Dunne group has committed to developing 10 to 15 additional WaterWalk franchises over the next few years. WaterWalk Las Colinas is the investment group’s second project in Texas. Jack …

March 28, 2017

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