Texas

Oldham Goodwin Group, MGroup to Develop Apartment Community in Metro Houston

by Haisten Willis January 29, 2016

TEXAS CITY, TEXAS — Oldham Goodwin Group and MGroup will co-develop a multifamily project in the Lago Mar Development in Texas City. Catalon at Lago Mar will be a 230-unit, Class A community located at 6130 Lago Mar Blvd. near I-45. The community will feature a fitness center and outdoor pool. Oldham Goodwin’s development services division, in conjunction with MGroup, will be overseeing the development and construction management of the project. The project team selected FCI Multi-Family Construction to oversee construction. Construction for Catalon at Lago Mar is expected to begin Feb. 1, with a projected completion date in first quarter 2017.

January 29, 2016

ARA Newmark Arranges Sale of 74-Unit Apartment Community in Austin

by Haisten Willis January 29, 2016

AUSTIN, TEXAS — ARA Newmark has arranged the sale of Delwood Station Apartments, a 74-unit multifamily community located in Austin. Andrew Shih of ARA Newmark represented the seller, Curtis Capital Group, in the transaction. GVA, a local company, purchased the property at 99 percent occupancy. Constructed in 1969, Delwood Station is a recently remodeled, garden-style apartment community with a pool, fitness center, bike racks and rentable storage units.

January 29, 2016

Office Texas

CBRE Arranges Office Lease Renewal in Houston

by Haisten Willis January 29, 2016

HOUSTON — CBRE has completed an office lease renewal for InterMoor, a supplier of mooring technology, innovative solutions and equipment for permanent and temporary mooring systems. InterMoor occupies 20,923 square feet at Ashford 7, located at 900 Threadneedle St. in Houston. Kevin Saxe and Connor Tamlyn of CBRE represented InterMoor in lease negotiations with landlord, Accesso Partners, which was represented by Bob Cromwell with Moody Ramblin.

January 29, 2016

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Industrial Texas

Transwestern Negotiates Industrial Lease in Fort Worth

by Haisten Willis January 29, 2016

FORT WORTH, TEXAS — Transwestern has negotiated a 224,800-square-foot industrial lease for Anchor Fabrication Ltd. at 4600 Blue Mound Road in Fort Worth. The Texas-based metal fabrication company also has a manufacturing facility at 1200 Lawson Road in Fort Worth. Transwestern’s Sarah LanCarte represented the tenant. The city of Fort Worth owns the industrial facility.

January 29, 2016

Restaurant Retail Texas

Grimaldi’s Pizzeria to Open in Hillside Village in Metro Dallas

by Haisten Willis January 29, 2016

CEDAR HILL, TEXAS — Grimaldi’s Pizzeria will open a 6,500-square-foot location at Hillside Village (formerly Uptown Village at Cedar Hill) in the summer of 2016. Grimaldi’s will be located in the former Patrizio’s space on the north side of the property. This fall, Hillside Village implemented a campaign to court a Grimaldi’s location in the development. More than 220 community members signed an on-property banner calling for Grimaldi’s and more than 600 expressed their support for a Grimaldi’s by posting comments and videos on social media using the hashtag #HVWantsGrimaldis. Hillside Village recently completed a multi-million dollar renovation at the property, which includes a new children’s play area, village green promenade, new property signage, new shaded seating areas, upgraded landscaping and lighting, public art and façade renovations. In April 2015, Trademark Property Co. rebranded the property Hillside Village.

January 29, 2016

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Multifamily Student Housing Texas

Fountain Residential, Virtus to Develop Student Housing Project in Houston

by Haisten Willis January 28, 2016

HOUSTON — Dallas-based Fountain Residential Partners, in a joint venture development with Austin-based Virtus Real Estate Capital, will develop a student housing community for the University of Houston and nearby Texas Southern University. The Gateway on Cullen will be located on Cullen Boulevard at the main entrance to the University of Houston campus. The 7.7-acre property will consist of 531 beds including one-, two-, four- and five-bedroom apartments and townhouses, along with a pool, volleyball court, an 8,000-square-foot clubhouse, fitness center and private study rooms. The majority of the units at The Gateway on Cullen will consist of two-level townhome configurations upwards of 1,900 square feet. Each fully furnished unit will feature vinyl wood plank flooring, granite countertops, queen-sized beds, 50-inch TVs, stainless steel appliances and full-sized washer and dryers. Stuart Roosth Architects designed The Gateway on Cullen, and Temple, Texas-based MW Builders is the general contractor. The project will be completed before the fall 2017 semester.

January 28, 2016

Multifamily Texas

Greysteel Arranges Sale of Highland Hills Apartment Complex in Dallas

by Haisten Willis January 28, 2016

DALLAS — Greysteel has arranged the sale of Highland Hills, a 100-unit multifamily community in Dallas. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill represented Highland Hills Apartments LLC in the sale of Highland Hills to Mountain Creek View Apartments LLC. The property is a garden-style community located in the southern region of Dallas County with amenities including covered parking, an on-site laundry facility and a swimming pool.

January 28, 2016

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Industrial Texas

Binswanger Negotiates 124,903 SF Industrial Lease with Amfuel in Wichita Falls

by Haisten Willis January 28, 2016

WICHITA FALLS, TEXAS — Binswanger has negotiated a 10-year lease of 124,903 square feet at 8600 Central Freeway N. in Wichita Falls. American Fuel Cell and Coated Fabrics Co., a designer and fabricator of composite material products for aviation, aerospace, military ground forces and commercial transport industries, leased the property. The Wichita Falls site will be used for the manufacturing of composite materials. Formerly used by Delphi Automotive for the production of ceramic automobile oxygen sensors, the property consists of a 348,000-square-foot south building and 90,000-square-foot north building. Amenities include a 5-foot reinforced concrete floor, precast concrete panel walls with insulated core and ceiling heights ranging from 25 to 45 feet in the south building and 27.5 to 45.5 feet in the north building. The property is located on I-44 near highways 287 and 82. Holmes Davis of Binswanger’s Dallas office represented the landlord, First Bank, in the lease transaction.

January 28, 2016

Retail Texas

The Richland Cos. Acquires Retail Complex in Houston

by Haisten Willis January 28, 2016

HOUSTON — The Richland Cos. has acquired Lakes on Eldridge Centre in Houston. Located at 5630 N. Eldridge Parkway, the 30,049-square-foot retail center sits on 2.1 acres. Lakes on Eldridge Centre includes five entrances, two monument signs and is the only retail center located at the intersection. Tenants include the Dr. Shirazo dentist office, West Houston Animal Clinic, Professional Dry Cleaners, Tiny Treasures Child Care, Houston Faith Church, Edward Jones & Co. Financial Planning, 1st Community Credit Union, U Break I Phix, Rose’s Nails, Hair & Skin Care and several restaurants. The complex is 95 percent occupied. Richland will assume management responsibilities of the property.

January 28, 2016

Multifamily Student Housing Texas

Domus Development to Open $27.7M Student Housing at Texas-RGV

by Haisten Willis January 28, 2016

EDINBURG, TEXAS — Domus Development is bringing a $27.7 million, off-campus student housing community to Edinburg in August 2017. The Dallas-based developer will break ground in May 2016 on Legends Edinburg, which will bring 566 beds to the apartments market near The University of Texas Rio Grande Valley in Edinburg. The complex will be located on the corner of Chapin Street and Sugar Road with amenities including a salt water pool, sand volleyball court, study rooms, a clubhouse with game room and a computer lounge. Floorplans will include one-, two- and four-bedroom options. The individual apartments will come fully furnished with granite countertops, ceiling fans and full-size washer and dryer units. The entire property is equipped with high-speed Wi-Fi, and will employ an on-site maintenance and management staff. Legends Edinburg will be the second off-campus purpose-built student housing community in the area.

January 28, 2016

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