Texas

GenCap Partners Breaks Ground on 372-Unit Multifamily Project in San Antonio

by Taylor Williams May 30, 2023

SAN ANTONIO — Dallas-based GenCap Partners has broken ground on a 372-unit multifamily project on a 16-acre site in the Westover Hills area of San Antonio. The garden-style community will offer studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, conference rooms, coffee bar, outdoor grilling and dining areas and two dog parks. GenCap Partners is developing the property in partnership with International Development. Dwell Design Studio is the project architect, and Rampart Multifamily is the general contractor. Completion is slated for early 2025.

May 30, 2023

Development Healthcare Texas

McCarthy Completes Healthcare Project for Houston Methodist in Sugar Land, Texas

by Taylor Williams May 30, 2023

SUGAR LAND, TEXAS — St. Louis-based general contractor McCarthy Building Cos. has completed a healthcare project in the southwestern Houston suburb of Sugar Land on behalf of the Houston Methodist healthcare system. The project comprises a six-story, 160,000-square-foot medical office building and a seven-story, 1,100-space parking garage. Page designed the project, and Jacobs served as the structural and civil engineer. Construction began in December 2021. Houston Methodist operates eight hospitals and employs roughly 30,000 people throughout the city.

May 30, 2023

Acquisitions Multifamily Texas

GREA Negotiates Sale of 158-Unit Multifamily Property in Fort Worth

by Taylor Williams May 30, 2023

FORT WORTH, TEXAS — Global Real Estate Advisors (GREA) has negotiated the sale of Southgate Manor, a 158-unit multifamily property in Fort Worth. According to Apartments.com, the property was built in 1963 and features studio, one-, two- and three-bedroom units that range in from 425 to 1,065 square feet. Mark Allen of GREA represented the undisclosed, Texas-based seller in the transaction. The buyer and sales price were also not disclosed.

May 30, 2023

Industrial Leasing Activity Texas

Stone Resources Signs 91,000 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams May 30, 2023

CARROLLTON, TEXAS — Building supplies distributor Stone Resources has signed a 91,000-square-foot, full-building industrial lease renewal in the northern Dallas metro of Carrollton. According to commercialcafé.com, the property at 2425 Carter Drive was built on 4.9 acres in 1986. Andrew Gilbert and Keaton Brice with Holt Lunsford Commercial represented the landlord, Taurus, in the lease negotiations.

May 30, 2023

Industrial Leasing Activity Texas

Partners Real Estate Arranges 10,985 SF Industrial Lease in Northeast Dallas

by Taylor Williams May 30, 2023

DALLAS — Partners Real Estate has arranged a 10,985-square-foot industrial lease in northeast Dallas. According to LoopNet Inc., the property at 10480-10490 Brockwood Road was built in 1984 and totals 58,758 square feet. Jeff McVaney of Partners represented the tenant, building materials wholesaler CP Supply Co., in the lease negotiations. Josh Barnes of Holt Lunsford Commercial represented the undisclosed landlord.

May 30, 2023

Development Multifamily Texas

OHT Partners Breaks Ground on 359-Unit Lenox Heights Apartments in Houston

by Taylor Williams May 26, 2023

HOUSTON — Austin-based developer OHT Partners has broken ground on Lenox Heights, a five-story, 359-unit multifamily project in Houston’s Heights neighborhood. Units will come in one- and two-bedroom floor plans and will range in size from 629 to 1,247 square feet. Residences will be furnished with stainless steel appliances, quartz countertops and various pieces of smart technology. Amenities will include two pools, a fitness center, coworking lounge, clubhouse and a pet spa. Steinberg Dickey Collaborative is the project architect. Completion is slated for early 2025.

May 26, 2023

Acquisitions Multifamily Texas

Colliers Arranges Sale of 320-Unit Apartment Community in Galveston

by Taylor Williams May 26, 2023

GALVESTON, TEXAS — Colliers has arranged the sale of Lakeside at Campeche, a 320-unit apartment community located in the southeastern Texas city of Galveston. The property offers one- and two-bedroom units and amenities such as a pool, outdoor gym and grilling and dining stations. Chip Nash, Bob Heard and Jaleel Adatia of Colliers represented the seller, a California-based joint venture that owned the property for 20 years, in the transaction. Metro Dallas-based investment firm Clearworth Capital purchased the asset for an undisclosed price.

May 26, 2023

Development Office Texas

Cawley Partners Underway on 120,000 SF Office Project in Plano

by Taylor Williams May 26, 2023

PLANO, TEXAS — Dallas-based developer Cawley Partners is underway on construction of Phase II of The Parkwood, a project in Plano that will add 120,000 square feet of office space to the local supply. Phase I of The Parkwood, which also comprises 120,000 square feet, was completed in late 2022 and is fully leased to First United Bank. Phase II is 43 percent preleased, with SFMG Wealth Advisors committed as the anchor tenant with a 22,000-square-foot lease. Amenities at The Parkwood include a fitness center, pickleball court, conference centers and rooftop terraces.

May 26, 2023

Industrial Leasing Activity Texas

Texas Envelope Manufacturing Signs 33,000 SF Industrial Lease Renewal in Northwest Dallas

by Taylor Williams May 26, 2023

DALLAS — The Texas Envelope Manufacturing Co. has signed a 33,000-square-foot industrial lease renewal in northwest Dallas. According to LoopNet Inc., the property at 10647-10657 Shady Trail was built in 1981, totals 72,000 square feet and features 21-foot clear heights and 15 exterior dock doors. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Boston-based TA Realty, in the lease negotiations. David Easterling of CBRE represented the tenant.

May 26, 2023

Acquisitions Industrial Texas

Finial Group Negotiates Sale of 7,692 SF Industrial Building in Garland, Texas

by Taylor Williams May 26, 2023

GARLAND, TEXAS — Houston-based brokerage firm Finial Group has negotiated the sale of a 7,692-square-foot industrial building located at 4309 Action St. in the northeastern Dallas suburb of Garland. The facility includes 1,500 square feet of office space. An undisclosed seller sold the property to Cenote Investment Group for an undisclosed price. Jason Gibbons of Finial Group brokered the deal.

May 26, 2023

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