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1800-Broadway-San-Antonio
AcquisitionsLoansMultifamilyTexas

IPA Brokers Sale of 230-Unit Multifamily Property in San Antonio

by Taylor Williams

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a 230-unit multifamily property located in San Antonio’s Lower Broadway area. Built in 2013, 1800 Broadway offers studio, one- and two-bedroom units with an average size of 897 square feet. Residences are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, business center, coffee bar and outdoor grilling and dining stations. Drew Garza and Will Balthrope of IPA represented the undisclosed seller in the transaction. Marko Kazanjian and Andrew Cohen, also with IPA, arranged $31.8 million in acquisition financing through Prime Finance on behalf of the buyer, a joint venture between Austin-based OTH Capital and Chicago-based Pearlmark.

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Pflugerville-Downtown-East
CivicDevelopmentMixed-UseRetailTexas

Swinerton, Byrne Construction Break Ground on Mixed-Use Project in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — General contractors Swinerton and Byrne Construction Services have broken ground on a mixed-use project in downtown Pflugerville, a northern suburb of Austin. Known as Pflugerville Downtown East, the development will feature a four-story, 104,000-square-foot city hall building that will house various public service departments, as well as a three-story, 140,000-square-foot recreation center that will also have 10,500 square feet of retail space. The project will also include an outdoor civic plaza. Completion is slated for fall 2026.

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AcquisitionsIndustrialTexas

M2G Ventures Sells 241,000 SF Warehouse in Addison, Texas

by Taylor Williams

ADDISON, TEXAS — Locally based development and investment firm M2G Ventures has sold a 241,000-square-foot warehouse in the northern Dallas metro of Addison. The building sits on a 9.7-acre parcel within Inbound on Inwood, a 1.1 million-square-foot campus that is a redevelopment of the former Tuesday Morning distribution facility.  Rich Young Jr. of Rich Young Co. and Adam Graham and Stephen Williamson of Lee & Associates represented M2G Ventures in the transaction. The buyer was Maryland-based WareSpace.

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Leasing ActivityOfficeTexas

Merit Energy Signs 104,034 SF Office Lease in North Dallas

by Taylor Williams

DALLAS — Merit Energy has signed a 104,034-square-foot office lease in North Dallas. The oil and gas operator will relocate its headquarters to floors 10 through 12 at Two Lincoln Centre, a 19-story, 602,000-square-foot building located at 5420 LBJ Freeway. Matt Schendle, Zach Bean and Mary Frances Burnette of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. Jeff Ellerman and John Ellerman of CBRE (now with Stream Realty Partners) represented Merit Energy.

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IndustrialLeasing ActivityTexas

EoS Fitness to Open 40,000 SF Gym in Northeast San Antonio

by Taylor Williams

SAN ANTONIO —EoS Fitness will open a 40,000-square-foot gym in northeast San Antonio. The space is located within Windsor Park Center, a 196,458-square-foot shopping center that was developed in 2012. Houston-based Whitestone REIT owns the center, which is also home to tenants such as Ross Dress for Less, Cavender’s and PetSmart. Daren Nix and Miller Snyder with RISE Commercial Partners represented EoS Fitness, which expects to open in early 2026, in the lease negotiations.

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Aer-Austin
DevelopmentMultifamilyTexas

Canyon Partners, Gilbane to Develop 375-Unit Multifamily Project in Austin

by Taylor Williams

AUSTIN, TEXAS — A newly formed joint venture between two international real estate firms, Canyon Partners Real Estate and Gilbane Development Co., will develop Aer, a 375-unit multifamily project in Austin. Gilbane is the lead developer of Aer, and Canyon Partners is a preferred equity investor. The development will be located approximately three miles south of downtown Austin along South Lamar Boulevard. Residences will come in studio, one- and two-bedroom units, with the leasing campaign expected to commence in early 2027.

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2-Winnco-Drive-San-Antonio
AcquisitionsIndustrialTexas

Evergen Equity Acquires 309,347 SF Distribution Center in San Antonio

by Taylor Williams

SAN ANTONIO — Austin-based investment firm Evergen Equity has acquired a 309,347-square-foot distribution center in San Antonio. The property at 2 Winnco Drive is located on a 22-acre site at the junction of interstates 410 and 35 on the city’s northeast side and was fully leased at the time of sale to two tenants. Elliott Dow, Jonathan Bryan, Randy Baird, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented the seller, GSK Industrial, in the transaction. The sales price was not disclosed.

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Portside-Logistics-Center-Building-2
IndustrialLeasing ActivityTexas

CBRE Arranges 122,963 SF Industrial Lease in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — CBRE has arranged a 122,963-square-foot industrial lease in Baytown, an eastern suburb of Houston. The site is located within the 258,248-square-foot Building 2 of Portside Logistics Center. Grant Hortenstine and Susan Haysom of CBRE represented the tenant, Borusan Pipe, in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream Realty Partners, which owns Portside Logistics Center via a joint venture with Principal Asset Management, internally represented the landlord.

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AcquisitionsRetailTexas

35 South Capital Buys 52,000 SF Shopping Center in San Antonio

by Taylor Williams

SAN ANTONIO — Texas-based investment firm 35 South Capital has purchased The Collection, a 52,000-square-foot shopping center in San Antonio’s Alamo Heights neighborhood. The center is home to tenants such as SoLuna Mexican restaurant, Revolución café and juice bar, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. salon, St. John luxury women’s clothing store and several medical providers. The seller was an affiliate of Lindenmuth Realty LP.

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Leasing ActivityOfficeTexas

Four Hands Signs 20,000 SF Office Lease in East Austin

by Taylor Williams

AUSTIN, TEXAS — Four Hands has signed a 20,000-square-foot office lease in East Austin. The locally based furniture designer and wholesaler is taking space within Eastbound, a complex with two four-story buildings totaling 233,550 square feet at 3232 E. Cesar Chavez St. Chad Marsh of Endeavor Real Estate Group represented the tenant in the lease negotiations. A partnership between Lincoln Property Co., The KOR Group and Fenway Capital Advisors owns Eastbound.

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