MCKINNEY, TEXAS — ILS Gummies, a provider of nutritional supplements that support a range of health issues, has opened its 70,000-square-foot manufacturing and headquarters facility in the northern Dallas suburb of McKinney. According to commercialcafé.com, the industrial property at 350 Cypress Hill Drive was built on 19.9 acres in 2021, totals 301,714 square feet and includes 194 car parking spaces. The company expects to hire about 70 people to staff the facility.
HOUSTON — Deshazo Crane Co., a designer and manufacturer of the construction machines, has signed a 20,124-square-foot industrial lease renewal at 14223 Interdrive E in North Houston. According to LoopNet Inc., the property was built in 1991 and offers 22-foot clear heights, 25 parking spaces and 2,000 square feet of office space. Doc Perrier and Travis McEldowney of Finial Group represented the undisclosed landlord in the lease negotiations. The representative of the tenant was not disclosed.
SAN ANTONIO — Houston-based brokerage firm Partners Real Estate has arranged the sale of a 6,866-square-foot office building in San Antonio. According to LoopNet Inc., the single-tenant property at 825 Jackson Keller Road was built on 1.4 acres in 1996. Joe Bright of Partners represented the seller, River City Federal Credit Union, in the transaction. Additional terms of sale were not disclosed.
Pavlov Media is accelerating the expansion of its fiber network and fiber-to-the-home initiatives with a key investment from the world’s largest infrastructure investor, Macquarie Asset Management. The funding will help Pavlov Media augment its coverage of student and multifamily housing, developing and broadening resident access to high-speed Internet across a variety of property types. “We are ramping up our growth plans with a combination of building municipal fiber networks in college towns and extending service to underserved areas adjacent to our core markets,” says Glenn Meyer, board member and president of Pavlov Media. “It’s basically more of what we have already been doing but on a larger scale.” Pavlov Media is already the nation’s largest private provider of fiber-based Internet and video services to off-campus student housing, connecting properties in more than 150 U.S. markets and Canada to its national backbone via its own last-mile, municipal fiber networks and third-party circuits. The Champaign, Illinois-based company serves approximately 1,000 multifamily and student buildings encompassing more than 285,000 beds, and in recent years has begun extending fiber to customers in areas adjacent to its core student-housing markets. Now the broadband service provider is poised to quicken the pace of its growth with …
SPRING, TEXAS — Locally based developer Sueba USA has broken ground on Imperial Oaks Square, a 269-unit multifamily project in the northern Houston suburb of Spring. The site is located within Falls at Imperial Oaks, a 686-acre master-planned development by Holcomb Properties, and is adjacent to the 100-acre Lake Holcomb. Units will come in one-, two- and three-bedroom floor plans and will range in size from 496 to 1,594 square feet. Amenities will include a pool, fitness center, outdoor grilling and dining areas, a dog park, business center and a catering kitchen. Preleasing will begin in July 2024.
GEORGETOWN, TEXAS — Arizona-based owner-operator Watermark Retirement Communities has opened The Hacienda at Georgetown, a 231-unit luxury property in Georgetown, approximately 25 miles north of Austin. The apartments feature one- and two-bedroom options and offer independent living, assisted living, short-term stays or memory care. Amenities include a fitness center, salon/spa, courtyard and other various onsite dining and wellness programs.
HONDO, TEXAS — Northmarq has arranged the sale of Las Palomas Apartments, a 108-unit multifamily property located in the western San Antonio suburb of Hondo. Built in 1995, the property offers two- and three-bedroom units and amenities such as a playground, dog park and onsite laundry facilities. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe and Brian Booth of Northmarq represented the seller, Lonestar Springs, in the transaction and procured the buyer, Revive Real Estate. Cheryl Higley of Northmarq also arranged acquisition financing on behalf of Revive Real Estate.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 16,309-square-foot industrial lease at Building 1 at Champions Circle Business Park in North Fort Worth. According to commercialcafé.com, the building was constructed on 21 acres in 2022 and totals 82,240 square feet. Nathan Denton and Reid Bassinger of Lee & Associates represented the landlord, Hopewell Development, in the lease negotiations. Russell Webb of Silver Oak Commercial Realty represented the tenant, Tulco Oils, a provider of industrial lubricants.
DALLAS — Custom apparel provider Essence Empire has signed an 11,841-square-foot industrial lease in South Dallas. According to LoopNet Inc., the property at 5535 Red Bird Center Drive was built on 2.3 acres in 1985, totals 43,950 square feet and features 21-foot clear heights. Paul Hernandez and Hudson Sheets of Holt Lunsford Commercial represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
CEDAR PARK, TEXAS — JLL has brokered the sale of Caliza, a 270-unit apartment community located in the northern Austin suburb of Cedar Park. Built in 2020, Caliza offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, custom cabinetry and private yards. Amenities include a pool, fitness center, outdoor pavilion and a clubhouse with a catering kitchen. Ryan McBride and Robert Arzola of JLL represented the seller, Internacional Realty, an investment firm with offices in Austin and San Antonio, in the transaction. Austin-based Virtus Real Estate Capital acquired the asset for an undisclosed price.