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DevelopmentMultifamilyTexas

Toll Brothers, Equity Residential Complete 334-Unit Lyle Apartments in North Dallas

by Taylor Williams

DALLAS — Metro Philadelphia-based developer Toll Brothers (NYSE: TOL) has completed Lyle, a 334-unit apartment community in North Dallas. Toll Brothers developed the property in partnership with Chicago-based Equity Residential as part of a trio of multifamily developments in the Dallas-Fort Worth metroplex. Units come in studio, one-, two- and three-bedroom floor plans and are furnished with quartz countertops, tile backsplashes and keyless entry mechanisms. Select residences also offer private balconies/patios. Amenities include a pool, game lawn, fitness center, coworking lounge and a coffee bar. Santander Bank financed construction of the project. Rents start at $1,675 per month for a studio apartment.

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DevelopmentIndustrialTexas

MDH Partners Delivers 215,912 SF Industrial Project Near Austin Airport

by Taylor Williams

AUSTIN, TEXAS — MDH Partners has delivered 71 Logistics Center, a 215,912-square-foot industrial project located near Austin-Bergstrom International Airport. The Atlanta-based development and investment firm acquired the 45-acre site last summer, and the rear-load facility is divisible to 72,000 square feet. Building features include 32-foot clear heights, 185-foot truck court depths, 2,640 square feet of office space and parking for 142 cars (expandable to 262) and 54 trailers. ARCO Design/Build served as the general contractor for the project. JLL is the leasing agent.

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Leasing ActivityOfficeTexas

Savills Signs 10,000 SF Office Lease Expansion in Uptown Dallas

by Taylor Williams

DALLAS — Savills has signed a 10,000-square-foot office lease expansion in Uptown Dallas. The commercial real estate advisory firm will relocate to the 14th floor of 23Springs, a 626,215-square-foot building in Uptown that is under construction, next spring. The deal represents a 25 percent expansion over Savills’ current space at Dallas Arts Tower. Granite Properties is developing 23Springs, which is now 56 percent preleased.

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Data CentersDevelopmentIndustrialTexas

Stream Breaks Ground on 135-Acre Data Center Campus in West San Antonio

by Taylor Williams

SAN ANTONIO — The Dallas-based data center development arm of Stream Realty Partners has broken ground on a 135-acre hyperscale campus in San Antonio. The site is located near the junction of West Military Drive and Loop 1604 on the city’s west side and can support the development of up to five buildings totaling more than 1.5 million square feet. At full build-out, the facility will have a 200-megawatt capacity. Construction of the first 300,000-square-foot building is underway and is expected to be available for occupancy in the second quarter of next year. Multiple tenants that have requested anonymity have already committed to the project.   

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DevelopmentRetailTexas

Wilks Development Underway on Redevelopment of Historic Fort Worth Public Market

by Taylor Williams

FORT WORTH, TEXAS — Wilks Development is underway on the redevelopment of the historic Fort Worth Public Market. Located just outside the downtown area, the property was originally built in 1930 and has been vacant since 2002. The redevelopment includes fire, water and asbestos remediation; removal of nonoriginal architectural elements such as gutters, lighting and roofing tiles; foundation, plumbing and masonry upgrades; and improvements or replacements of windows, elevators and utility systems. The development team, which includes architecture firm BOKA Powell and historical preservation consultant Nancy McCoy, expects to complete the project by next August, bringing more than 15,000 square feet of leasable space to market. The new marketplace will also connect via a courtyard to The Harden, a 199-unit, age-restricted seniors housing complex that is under construction behind the site. Wilks has partnered with The Woodmont Co. to lease the renovated space.

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AcquisitionsMultifamilyTexas

Vanguard Real Estate Arranges Sale of 54-Unit CoHo Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Vanguard Real Estate Advisors (VREA), a Dallas-based brokerage firm, has arranged the sale of CoHo Apartments, a 54-unit multifamily building in Fort Worth’s Near Southside neighborhood. CoHo Apartments exclusively offers studio apartments. Amenities include a rooftop deck, resident lounge, dog run and a gaming lounge. Jordan Cortez, Mason John, Haley Birmingham, and Will Droese of VREA represented the seller, Watermark Cos., in the transaction. The buyer and sales price were not disclosed.

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Leasing ActivityOfficeTexas

Abilene Christian University Signs 25,426 SF Office Lease Renewal in Metro Dallas

by Taylor Williams

ADDISON, TEXAS — Abilene Christian University has signed a 25,426-square-foot office lease renewal in the northern Dallas metro of Addison, about 190 miles east of the private institution’s main campus. The 195,754-square-foot One Hanover Park building offers a conference room, tenant lounge, minimart and onsite banking and car wash services. Tyler Howarth of Holt Lunsford Commercial represented the tenant in the lease negotiations. J.J. Leonard and Chase Lopez of Stream Realty Partners represented the landlord, New York Life Insurance Co.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 8,400 SF Warehouse in La Porte, Texas

by Taylor Williams

LA PORTE, TEXAS — Colliers has brokered the sale of an 8,400-square-foot warehouse in La Porte, an eastern suburb of Houston. The building sits on a 0.8-acre site at 10819 Fairmont Parkway and was constructed in 1999. Mike Taetz, Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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DevelopmentMixed-UseTexas

TDC Breaks Ground on 17-Acre Mixed-Use Project in West Houston

by Taylor Williams

HOUSTON — Transwestern Development Co. (TDC) has broken ground on The Ro, a 17-acre mixed-use project that will be located near the River Oaks district in West Houston. The Ro will be the future home of The Birdsall Hotel & Residences, which is part of the Auberge Resorts Collection family of brands. The development will also feature a retail village with local chef-driven restaurants, boutique concepts and service-oriented shops, as well as an apartment community and Class A office space. Completion is slated for 2027.

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Leasing ActivityOfficeTexas

Santander Consumer USA Signs 211,087 SF Office Lease Renewal in Downtown Dallas

by Taylor Williams

DALLAS — Santander Consumer USA has signed a 211,087-square-foot office lease renewal at 1601 Elm St. in downtown Dallas. Under the terms of the renewal, the financial services company will retain naming rights to the 50-story, 1.4 million-square-foot building and will continue to utilize the space as its headquarters office. Robbie Baty and Travis Boothe of Cushman & Wakefield represented the tenant in the lease negotiations. Sara Terry and Reegan Busby represented the landlord, Pacific Elm Properties, on an internal basis.

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