Texas

Stream Realty Partners, USAA Real Estate Co. to Develop 397,600 SF Warehouse in San Antonio MSA

by Katie Sloan March 7, 2016

NEW BRAUNFELS, TEXAS — Stream Realty Partners and USAA Real Estate Co. are set to develop I-35 Logistics Center, a 397,600-square-foot, Class A warehouse located along I-35 in New Braunfels, a suburb of San Antonio. The development, located 20 minutes from the San Antonio International Airport, will accommodate tenants from 87,000 to 397,600 square feet. The project also includes 4.2 acres of fully entitled, development-ready land available for separate purchase. The warehouse will offer 32-foot clear heights, a 280-foot building depth, 52- by 55-foot column spacing, rear-load doors, 52 trailer drops, 80 dock high loading spaces, T5 lighting, ESFR fire suppression and a circulation driveway outside of the truck court. Construction is slated to begin in March, with delivery expected in December.

March 7, 2016

M&M Arranges Sale of Grocery-Anchored Shopping Center in Dallas

by Katie Sloan March 7, 2016

DALLAS — Marcus & Millichap has arranged the sale of Plaza De Oro, a 93,939-square-foot, grocery-anchored shopping center located in Dallas. Matthew Sheard and Kelsie Vogds of Marcus & Millichap represented the seller, the Dallas-based developer of the project, and Philip Levy of Marcus & Millichap represented the undisclosed buyer in the transaction. The terms of the sale were not released. El Rancho Supermercado anchors the center, located at 4490 W. Jefferson Blvd. Other tenants at the center include Chilito’s, Dollar Tree, Clinicas Mi Doctor, Pizza Patrón, Rent-A-Center, State Farm and TitleMax.

March 7, 2016

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Restaurant Retail Texas

Baker Katz to Build 8,000 SF Retail Building in Houston

by Haisten Willis March 7, 2016

HOUSTON — Houston-based Baker Katz has begun construction on an 8,000-square-foot building that is 100 percent preleased to AT&T, Frost Bank and Chipotle. Baker Katz acquired the property in 2015 with plans to renovate it into a multi-tenant retail center. The property is located at the intersection of I-10 East and Haden Road. Construction is slated for completion this July, with tenants slated to open in fall 2016.

March 7, 2016

Healthcare Office Texas

M&M Arranges Sale of 66,090 SF Tract of Land in Houston

by Haisten Willis March 7, 2016

HOUSTON — Marcus & Millichap has arranged the sale of Houston Medical Center Land, a 66,090-square-foot tract of land located in Houston. Gus Lagos and Evan Altemus of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, an individual/personal trust. Houston Medical Center Land is located on Holly Hall Street.

March 7, 2016

Industrial Texas

Lee & Associates Negotiates 25,175 SF Industrial Lease in Metro Dallas

by Haisten Willis March 7, 2016

CARROLLTON, TEXAS — Lee & Associates has negotiated a lease transaction for a 25,175-square-foot industrial space located at 2005 McDaniel Drive in Carrollton. Adam Graham of Lee & Associates’ Dallas/Fort Worth office represented the tenant, GP Services Inc., in the transaction. Lincoln Property Co. represented the landlord, ProLogis.

March 7, 2016

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Restaurant Retail Texas

BBD Commercial to Redevelop Oak Hill Plaza in Austin

by Haisten Willis March 4, 2016

AUSTIN, TEXAS — BBD Commercial, an Austin-based real estate development firm, has taken over management, marketing and leasing of Oak Hill Plaza, located at 7101 Highway 71 in Austin. In addition to running the day-to-day operations, the company has a major facelift planned for the 115,512-square-foot property. Auto Zone, Wells Fargo Bank and Jim’s Restaurant anchor the plaza. The shopping center has 36,000 square feet of available retail and restaurant space consisting of suites ranging from 1,220 to more than 15,000 square feet, including a 3,500-square-foot end cap space slotted for a restaurant. BBD’s renovation plans include a remodeled façade and repainted exterior, a marquee restaurant end cap with patio, a resurfaced and re-striped parking lot, new lighting and landscaping, a new roof and a re-constructed monument sign. Bill Ott and Tim Jarvis are leading BBD’s renovation and leasing efforts. Construction will start in May and will be completed within six months. Engen Contracting and Noack-Little architects are working with BBD on the project.

March 4, 2016

Industrial Texas

Ensinger Buys 61,875 SF Manufacturing Building in Houston

by Haisten Willis March 4, 2016

HOUSTON — Ensinger, a global producer of engineering plastics, has purchased a 61,875-square-foot manufacturing facility under construction on nine acres at 12331 Cutten Road in Houston. Clay Development & Construction was the seller. Completion of the one-story building is scheduled for summer 2016. The design/build project is the 14th building in Cutten Road Business Park, a 165-acre site acquired by Clay in 2008. The business park is now 90 percent developed. Charlie Christ of Clay Development & Construction represented the seller in the transaction. The Ensinger building includes a 20-ton crane, dust collection systems, gas-fired ovens, built-in equipment foundations and a 900-square-foot canopied area. Situated on Cutten Road at Highway 249, the business park is accessible from Sam Houston Parkway/Beltway 8 and offers BNSF rail access. Other companies in the development include Archer Well, Phoenix Technology Services, ThyssenKrupp Materials NA, Kemper Valve & Fittings Corp., FMA, Adams Valves, Corrosion Materials, Hydraquip, Boots & Coots, PolySpec Thiokol, Hatfield & Co., Bohler Uddelholm/Sturdell Specialty, Prevost, LED-OEM, Polk Mechanical Company and Filtration Technology Corp./FTC.

March 4, 2016

Office Texas

Taeken Purchases 47 Acres in Houston for School Campus

by Haisten Willis March 4, 2016

HOUSTON — Taeken Ltd., a family limited partnership, has purchased 47 acres at 0 S. Main St. between Hiram Clarke Road and South Post Oak Road from S Main Ltd. The site will be the new campus for Saint Nicholas School and related developments to be announced. Linda Jones of Wilson-Jones Properties represented the seller. Mark Kidd Sr. and Mark Kidd Jr. of M Kidd Properties represented the buyer. Margot Heard founded Saint Nicholas School, currently operating at 1920 N. Braeswood Blvd. Classes at the new campus will begin in Fall 2018.

March 4, 2016

Restaurant Retail Texas

River Oaks to Build Outdoor Retail Center in West El Paso

by Haisten Willis March 4, 2016

EL PASO, TEXAS — El Paso-based developer River Oaks Properties plans to build a pedestrian-friendly outdoor retail center in west El Paso. West Towne Marketplace will be an open-air retail and entertainment destination located on the northeast corner of Interstate 10 and Paseo del Norte. The center will feature tree-lined streets and native plants. It will be built to include gathering spaces designed to encourage relaxation. The anticipated completion date for the center is October 2017. West Towne Marketplace spans 63 acres and will include more than 500,000 square feet of retail, restaurants and entertainment. It will feature a grocery anchor, sporting goods and clothing retailers, along with a movie theater, specialty retail stores and restaurants. Phoenix-based Butler Design Group is designing West Towne Marketplace. Richard Amstater of RJL Real Estate Consultants is handling the leasing of the project.

March 4, 2016

Multifamily Texas

IPA Arranges the Sale of 90 Condominiums in Northwest San Antonio

by Haisten Willis March 4, 2016

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in institutional and private real estate investors, has arranged the sale of The Palazzo, a 90-unit condominium community in northwest San Antonio. Will Balthrope, Drew Kile and Jordan Featherstone of IPA represented the seller and procured the buyer. The community is located at 5455 Rowley Road. The Palazzo’s one-, two- and three-bedroom floor plans average 1,099 square feet and feature stainless steel and black appliances, granite countertops, porcelain tile flooring and freestanding showers. Common area amenities, which are maintained by a condominium owners association, include reserved parking, a pool, fitness center, business center, breezeways, picnic area and playground.

March 4, 2016

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