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Tempo-at-White-Oak-Houston
DevelopmentMultifamilyTexas

Marquette Cos. Begins Leasing 304-Unit Apartment Community in Houston

by Taylor Williams

HOUSTON — Marquette Cos. has begun leasing Tempo at White Oak, a 304-unit apartment community in Houston’s Woodland Heights neighborhood. The six-story building, which is situated across from White Oak Music Hall, offers studio, one- and two-bedroom floor plans that range in size from 515 to 1,340 square feet. Private balconies/patios are available in select units, and all residences feature quartz countertop kitchen islands, designer soft-close cabinetry and stainless steel appliances. Amenities include a pool, fitness center, sky lounge, outdoor grilling and dining stations, courtyard, pickleball court and a dog run. Rents start at $1,635 per month for a studio apartment.

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DevelopmentHospitalityTexas

Choice Hotels, HighSide Debut Four Everhome Suites Hotels in Texas

by Taylor Williams

ROCKVILLE, MD. — Choice Hotels International, a Maryland-based operator, in partnership with Denver-based HighSide Cos., has debuted four new hotels in Texas under its Everhome Suites brand. The hotels are located in Bastrop, Brownsville, El Paso and Waco and have between 114 and 122 apartment-style rooms with fully equipped kitchens, spa-style bathrooms and storage spaces. The partnership is also nearing completion of an Everhome Suites hotel in Amarillo and recently broke ground on another such property in the northern Austin suburb of Georgetown.

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AcquisitionsIndustrialTexas

Provident Industrial Acquires Distribution Building in Irving

by Taylor Williams

IRVING, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has acquired a distribution building at 8225 Bent Branch Drive in Irving. According to LoopNet Inc., the building is a single-tenant structure with 250,659 rentable square feet. The building was originally constructed on a 23-acre site in 1997 and features 20-foot clear heights and four dock-high loading doors, per LoopNet. The seller and sales price were not disclosed.

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AcquisitionsHealthcareTexas

Silver Oak Commercial Negotiates Sale of 9,752 SF Medical Office Building in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Locally based brokerage firm Silver Oak Commercial Realty has negotiated the sale of Mill Haven Plaza, a 9,752-square-foot medical office building in Hurst, located in the northern-central part of the metroplex. According to LoopNet Inc., the building was constructed in 2007. Russ Webb of Silver Oak Commercial represented the buyer in the transaction. Logan May and Paul Stevenson of NAI Robert Lynn represented the seller. Both parties requested anonymity.

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Leasing ActivityRetailTexas

Google Opens 2,257 SF Store at Domain Northside in Austin

by Taylor Williams

AUSTIN, TEXAS — Google has opened a 2,257-square-foot store under at The Domain Northside in Austin. The store offer products made by Google, such as Pixel phones, watches and tablets, Nest cameras, Fitbit trackers and branded merchandise. The Austin Google Store also has experts on hand to help customers with technological troubleshooting issues and phone repairs.

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Santander-Tower-Dallas
Market ReportsMultifamilyOfficeTexasTexas Market Reports

What Are the Major Lease Considerations for Texas Office Users in Buildings Facing Conversion?

by Taylor Williams

By Nate Wilkins, associate at Munsch Hardt Kopf & Harr PC Office conversions represent one of the hottest real estate plays in the country, and Texas is undoubtedly a hotspot for those projects. According to D Magazine, in Dallas and Houston combined, there is more than 10 million square feet of vacant office space that is currently being transformed or is slated for conversion. A majority of these projects are mixed-use, meaning that office tenants will eventually be occupying the same building as residential tenants. Therefore, there are several key factors that office tenants and their landlords must consider when signing or renewing leases in the conversion projects, including utilization of common areas, use of utilities and parking allotments. What follows are some strategies for navigating office conversions as they become more prevalent in Texas over the next several years. Common Areas In a typical mixed-use property in which retail space is on the ground floor with multifamily above, landlords are prone to include lease language that states “Tenant shall have no right to use the elevator lobbies, apartment floors and any other areas designated by landlord exclusively for residential occupants.”  While standard, this language becomes troublesome when the only …

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Eastex-59-Houston
DevelopmentIndustrialTexas

Provident Industrial, Junction Underway on 740,404 SF Project in North Houston

by Taylor Williams

HOUSTON — Provident Industrial, in partnership with Junction Commercial Real Estate, is underway on Eastex 59, a 740,404-square-foot project in North Houston. The site spans 62.5 acres and is located just east of George Bush Intercontinental Airport. The development will consist of four buildings that will range in size from 148,075 to 224,133 square feet. Three of the buildings will feature front-load configurations, and the fourth will have a cross-dock configuration. Eastex 59 will also offer users a total of 246 dock doors and parking for 522 cars and 200 trailers. Seeberger Architecture is designing the project, and Langan is providing civil engineering services. Completion is slated for late 2026.

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DevelopmentIndustrialTexas

Finial Group Completes 169,860 SF Industrial Complex in Southwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage and development firm Finial Group has completed construction of a 169,860-square-foot industrial complex in southwest Houston. The property consists of seven freestanding buildings on a 20-acre site at 6811 McHard Road that were developed in three phases over the past five years. Finial Group completed and sold the first two buildings in 2020 and subsequently broke ground on the next two buildings in 2021. Those facilities are now leased to Precision Manufacturing and TradeBlock Inc.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Arranges Sale of 143-Unit RV, Boat Storage Facility in Magnolia, Texas

by Taylor Williams

MAGNOLIA, TEXAS — Versal, a self-storage brokerage firm with offices in Austin and Los Angeles, has arranged the sale of Carraway RV & Boat Storage, a 143-unit facility located in the northwestern Houston suburb of Magnolia. The facility spans 70,893 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the locally based seller, M&T Interests LLC, in the transaction. The team also procured the undisclosed, Houston based buyer.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 21,418 SF Industrial Lease in Round Rock, Texas

by Taylor Williams

IRVING, TEXAS — Lee & Associates has negotiated a 21,418-square-foot industrial lease in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 350 Texas Ave. was completed earlier this year, totals 107,298 square feet and features 28-foot clear heights, two drive-in bays and 20 dock doors. Adam Green and Will Sallis of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.

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