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Corporate-Center-Fannin-Houston
AcquisitionsIndustrialTexas

Cabot Properties Buys 370,264 SF Industrial Park in Southwest Houston

by Taylor Williams

HOUSTON — Boston-based investment firm Cabot Properties has purchased Corporate Center Fannin, a 370,264-square-foot industrial park in southwest Houston. The development consists of two buildings: a 218,966-square-foot, cross-dock facility that was built in 2002 and a 151,298-square-foot, front-load building that was completed in 2022. The buildings feature 30- to 32-foot clear heights and a total of 68 dock-high doors and 10 drive-in doors. Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, Taurus Investment Holdings, in the transaction.

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Dude-Perfect-Frisco
DevelopmentOfficeTexas

Dude Perfect Opens 80,000 SF Headquarters, Entertainment Facility in Frisco

by Taylor Williams

FRISCO, TEXAS — Sports and comedy entertainment group Dude Perfect has opened an 80,000-square-foot headquarters and entertainment facility in Frisco. Known as DPHQ3 and designed by Alliance Architects in conjunction with Tangram Interiors and Studio Other, the space features private offices, open desking areas, a café, lounges, phone booths and communal hubs. In addition, the facility doubles as an athletic playground via an NBA-sized basketball court, 45-yard turf field and a golf simulator. Founded in 2009 by five Texas A&M University graduates, Dude Perfect first began exploring plans for such a facility in North Texas in 2022.

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LoansRetailTexas

MMCC Arranges $12.7M in Acquisition Financing for East Texas Gas Station, Convenience Store

by Taylor Williams

COLUMBUS, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $12.7 million in acquisition financing for Columbus EZ Travel Center, a gas station and convenience store in East Texas. Ron Balys of MMCC originated the 10-year loan, which carries a 6.5 percent interest rate, 30-year amortization schedule and a 65 percent loan-to-value ratio. The borrower and direct lender were not disclosed.

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Sky-Park-El-Paso
DevelopmentIndustrialTexas

Green Point Underway on Phase I of 200-Acre Industrial Project in El Paso

by Taylor Williams

EL PASO, TEXAS — Dallas-based development and investment firm Green Point Property Co. is underway on construction of Sky Park El Paso, a 200-acre industrial project. Phase I will consist of two buildings: a 443,975-square-foot, cross-dock warehouse/flex building and an adjacent 192,490-square-foot, rear-load building. Project partners include Silverado Interests (equity partner), Stellar Bank (construction lender), Ridgemont Commercial Construction (general contractor) and CBRE (leasing agent). Phase I is expected to be substantially complete before the end of the year.

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DevelopmentMultifamilyTexas

Harbert South Bay to Develop 162-Unit Seniors Housing Project in Dallas

by Taylor Williams

DALLAS — Harbert South Bay will develop The Marianne on Inwood, a 162-unit seniors housing project in Dallas. The site is adjacent to the Highland Park area, and the 294,000-square-foot facility will offer independent living, assisted living and memory care residences. Amenities will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and a golf simulator. Project partners include Arcadis (architect), Bozzuto Construction (general contractor) and Momentum Senior Living (operator). Construction will begin in the coming weeks, and completion is scheduled for 2027.

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Leasing ActivityRetailTexas

Lowe’s Opens 94,000 SF Store at Manvel Town Center in Metro Houston

by Taylor Williams

MANVEL, TEXAS — Lowe’s Home Improvement has opened a 94,000-square-foot store in Manvel, a southern suburb of Houston. The store, which includes 30,000-square-foot garden and nursery and will ultimately employ about 100 people, is located within Weitzman’s 273-acre Manvel Town Center mixed-use development. James Namken, Kyle Knight and Emily Guenther represented Weitzman in the lease negotiations on an internal basis. Lowe’s was self-represented.

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AcquisitionsDevelopmentRetailTexas

Partnership Buys 6,000 SF Retail Building in Austin, Plans Redevelopment

by Taylor Williams

AUSTIN, TEXAS — A partnership between two investment firms, Austin-based Fortum and Denver-based Quannah Partners, has purchased a roughly 6,000-square-foot retail building in Austin with plans to implement a redevelopment. According to LoopNet Inc., the building at 1612 S. Congress Ave., which is located just south of downtown, was originally constructed in 1935. Ownership plans to undertake both an adaptive reuse of the existing structure and an expansion to bring the building’s footprint to roughly 10,700 square feet.

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Autry-C.-Stephens-Engineering-Discovery-Building
CivicDevelopmentTexas

Vaughn Construction Underway on 210,000 SF Academic Project at University of Texas at Austin

by Taylor Williams

AUSTIN, TEXAS — General contractor and project manager Vaughn Construction is underway on Autry C. Stephens Engineering Discovery Building, a 210,000-square-foot academic project at the University of Texas at Austin (UT). Designed by Los Angeles-based CO Architects and Austin-based BGK Architects, the seven-story structure will be located on the eastern edge of campus and will be able to accommodate up to 32 faculty researchers and 335 graduate students and postdoctoral fellows. The building, which will house the operations of UT’s petroleum/geosystems and chemical engineering programs, will also feature dedicated tutoring areas and conference/meeting rooms, as well as an outdoor pavilion. The project is expected to be complete this fall.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 108-Unit Alto Apartments in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — Marcus & Millichap has brokered the sale of The Alto, a 108-unit apartment complex in northwest San Antonio. Built on 5.7 acres in 1984, The Alto offers one- and two-bedroom units and amenities such as a pool, clubhouse and outdoor lounge areas. Ben Kalter, Drew Garza and Will Balthrope of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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IndustrialLeasing ActivityTexas

Texarkana College Signs 19,040 SF Industrial Lease at TexAmericas Center

by Taylor Williams

TEXARKANA, TEXAS — Texarkana College has signed a 19,040-square-foot industrial lease at TexAmericas Center (TAC), a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border. The term is two years followed by optional terms of 12 months each. The school, which is a long-term tenant at TAC and also leased an 8.9-acre parking lot as part of the deal, will use the space for satellite classes.

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