Texas

Realterm, Alliance to Develop 236,693 SF Transload Facility in Laredo, Texas

by Taylor Williams August 19, 2024

LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial will develop a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is set to begin before the end of the month and to be complete in summer 2025.

August 19, 2024

Affordable Housing Development Multifamily Texas

Partnership Breaks Ground on 192-Unit Affordable Housing Project in Houston

by Taylor Williams August 19, 2024

HOUSTON — A partnership between the Harris County Housing Authority, OCI Development, Harris County Housing & Community Development and Atlantic Pacific Cos. has broken ground on a 192-unit affordable housing project in Houston. The Residences at Arbor Oaks is located on the city’s northwest side and consists of 84 two-bedroom and 108 three-bedroom units that are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a children’s play area. Residents will also have access to a community center facility. Wells Fargo and Citibank contributed to the financing of the project, which also received a $12 million Community Development Block Grant as part of a program that provides funding for damages caused by Hurricane Harvey in 2017.

August 19, 2024

Industrial Leasing Activity Texas

Bleecker Partners Welcomes Three New Tenants to Industrial Flex Complex in Metro Dallas

by Taylor Williams August 19, 2024

FARMERS BRANCH, TEXAS — Locally based investment firm Bleecker Partners has welcomed three new tenants to Northway Plaza, a 131,149-square-foot industrial flex complex located in the northern Dallas metro of Farmers Branch. The deals with engineering firm Lina T. Ramey & Associates (8,400 square feet), High Five Ventures LLC (3,570 square feet) and Northstar Mobile Inc. (2,972 square feet) bring the property to nearly full occupancy. Jason Finch and Justin Greenwood of Bradford Commercial Real Estate Services represented Bleecker Partners in the lease negotiations. Ethan Denton of Lee & Associates represented Lina T. Ramey & Associates.

August 19, 2024

Leasing Activity Texas

Rogue Athletics Signs 25,295 SF Lease Renewal in Farmers Branch, Texas

by Taylor Williams August 19, 2024

FARMERS BRANCH, TEXAS — Rogue Athletics, a fitness concept that features programs for dance, tumbling, cheer and gymnastics, has signed a 25,295-square-foot lease renewal in the northern Dallas metro of Farmers Branch. Grant Rickertsen and Paul Clarkson of Citadel Partners represented Rogue Athletics, which originally took occupancy of the building at 4505 McEwen Road in 2013, in the lease negotiations. The name and representative of the landlord were not disclosed.

August 19, 2024

Development Multifamily Student Housing Texas

Parallel to Develop 671-Bed Student Housing Community Near Texas Tech University

by Taylor Williams August 16, 2024

LUBBOCK, TEXAS — Austin-based owner-operator Parallel will develop a 671-bed student housing community in Lubbock. The site at 2413 S. 14th St. is situated adjacent to the Texas Tech University campus. The development will offer a mix of studio through five-bedroom units. Shared amenities will include a full-service smart market, influencer room, fitness space, study areas, conference rooms and a sky lounge overlooking campus. The development team for the project includes BOKA Powell Architects, A Royal Interiors, Parkhill, RLG Consulting Engineers and Teinert Construction. Construction is expected to be complete in time for the fall 2027 semester.

August 16, 2024

Loans Multifamily Texas

Greystone Provides $18.6M Agency Acquisition Loan for Fort Worth Multifamily Property

by Taylor Williams August 16, 2024

FORT WORTH, TEXAS — Greystone has provided an $18.6 million Fannie Mae acquisition loan for The Residences of Diamond Hill, a 204-unit multifamily property in Fort Worth. The garden-style community was built in 2003 and comprises 40 buildings that house two-, three- and four-bedroom units. Amenities include a fitness center, pool, outdoor grilling and picnic area, playground and an after-school program. The property is subject to land-use restriction agreements that limit resident incomes on 121 apartments, and more than half of the units at the complex are reserved for households earning below 30 or 60 percent of the area median income. John Williams of Greystone originated the loan, which carries a 10-year term, 35-year amortization schedule and interest-only payments for the first five years. The borrower and seller were not disclosed.

August 16, 2024

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Brokers Sale of 52-Acre Industrial Outdoor Storage Facility in Hutchins, Texas

by Taylor Williams August 16, 2024

HUTCHINS, TEXAS — Lee & Associates has brokered the sale of a 52-acre industrial outdoor storage facility in Hutchins, a southern suburb of Dallas. According to LoopNet Inc., the property at 1700 Dowdy Ferry Road houses a 12,000-square-foot building, five drive-in bays and about 175 truck parking stalls that are leased on a month-to-month basis. Jarrett Huge and Alex Wilson of Lee & Associates represented the seller, Tribeca Truck Repair & Parking LLC, in the transaction. Jake Griffin and Mark Becker of Cushman & Wakefield represented the buyer, All State Truck & Trailer Repair.

August 16, 2024

Healthcare Leasing Activity Texas

Prenuvo Signs Healthcare Lease in Houston’s River Oaks Area

by Taylor Williams August 16, 2024

HOUSTON — Prenuvo, a provider of whole-body MRI imaging services, has signed a healthcare lease in Houston’s River Oaks area. The company is taking space within a six-story, 52,342-square-foot building at 3720 Westheimer Road, which is also home to beauty clinic SkinPharm, plastic surgery specialist Nuveau and Occu-Health Surgery Center. Chris Wadley and Madeline Cleary of JLL represented the locally based landlord, Ancorian, in the lease negotiations. Kevin Klink and Walker Ryan of Colliers represented Prenuvo.

August 16, 2024

Industrial Leasing Activity Texas

Oxford Partners Negotiates 19,973 SF Industrial Lease Renewal in Houston

by Taylor Williams August 16, 2024

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 19,973-square-foot industrial lease renewal in Houston’s Spring Branch area. According to LoopNet Inc., the property at 8353-8399 Kempwood Drive was built in 1980, totals 174,337 square feet and features 24-foot clear heights. John Harris, Stephen Hazen and Jacob Summers of Oxford Partners represented the tenant, Pioneer Millworks, in the lease negotiations. Ryan Patronella represented the landlord, Prologis, on an internal basis.

August 16, 2024

Leasing Activity Retail Texas

EōS Fitness Signs Two Retail Leases Totaling 94,842 SF in Houston Area

by Taylor Williams August 15, 2024

HOUSTON AND WEBSTER, TEXAS — Dallas-based EōS Fitness has signed two retail leases totaling 94,842 square feet in the Houston area. The deals are for 53,829 square feet at Center at Baybrook in Webster, a southwestern suburb, and 41,013 square feet at Easton Commons Plaza on the city’s northwest side. EōS Fitness will respectively backfill spaces formerly occupied by Bed Bath & Beyond and an undisclosed movie theater operator. Both openings are slated for 2025. Kevin Sims, Shireen Owlia and David Meyer of NewQuest Properties represented EōS Fitness in both sets of lease negotiations. Christi Vinzant internally represented the landlord, Kimco Realty, in the Webster deal. Kathy King and Charles Blaschke of Edge Realty Partners represented the undisclosed landlord in the East Commons deal.

August 15, 2024

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