Texas

Leon Capital Group to Develop 261,000 SF Industrial Project in Fort Worth

by Taylor Williams December 22, 2023

FORT WORTH, TEXAS — Dallas-based Leon Capital Group will develop a 261,000-square-foot industrial project in Fort Worth. The site consists of six parcels totaling 15 acres that are located on the north and south sides of Trinity Boulevard on the city’s northeast side. The development will comprise a 123,750-square-foot building and a 137,250-square-foot building, both of which will feature 32-foot clear heights, 135-foot truck court depths and ESFR sprinkler systems. Nancy Halliday and Don Plunk of Emory Associates represented Leon Capital and the four different sellers in the acquisition of the land. Construction is scheduled to begin in the second quarter of 2024.

December 22, 2023

Acquisitions Retail Texas

NewQuest Properties Sells 14,487 SF Retail Strip Center in Manvel, Texas

by Taylor Williams December 22, 2023

MANVEL, TEXAS — Locally based owner-operator NewQuest Properties has sold The Shops at Sedona Lakes, a 14,487-square-foot retail strip center located in the southern Houston suburb of Manvel. The center was built on 1.6 acres in 2020 and was 91.5 percent leased at the time of sale. Marc Peeler, Rick Ragan, Thomas Turner and Dakota Workman represented NewQuest in the transaction on an internal basis. Johnny Yun represented the buyer, HousKor Realty & Management LLC, also on an internal basis.

December 22, 2023

Industrial Leasing Activity Texas

RAM Surgical Supplies Signs 11,799 SF Industrial Lease in DeSoto, Texas

by Taylor Williams December 22, 2023

DESOTO, TEXAS — RAM Surgical Supplies has signed an 11,799-square-foot industrial lease at Falcon Centre, a 68,098-square-foot complex located in the southern Dallas suburb of DeSoto. Brian Pafford and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, OMO Bros Enterprises, in the lease negotiations. Sarah Mitchell of Mote & Associates represented the tenant, which plans to move in on Jan. 1, 2024.

December 22, 2023

Development Mixed-Use Texas

Southern Land Co. to Develop Mixed-Use Project in Houston’s Upper Kirby Area

by Taylor Williams December 21, 2023

HOUSTON — Nashville-based Southern Land Co. will develop a mixed-use project in Houston’s Upper Kirby area that will consist of a 330-unit apartment tower and an 83,322-square-foot office building. The 38-story multifamily building will house 312 apartments, 18 penthouses and amenities such as a pool, fitness center, spa and a rooftop garden. The office building will be situated over a podium-style garage, and tenants will have access to a fitness center and a private outdoor elevated park space. The project also includes 16,500 square feet of restaurant space. Construction is scheduled to begin next summer and to be complete in spring 2027. Stream Realty Partners is the leasing agent for the office space.

December 21, 2023

Development Industrial Texas

KDC Breaks Ground on 422,000 SF Distribution Center for Oncor in Midlothian, Texas

by Taylor Williams December 21, 2023

MIDLOTHIAN, TEXAS — Dallas-based developer KDC has broken ground on a 422,000-square-foot, build-to-suit distribution center for energy services provider Oncor in Midlothian, a southern suburb of Dallas. The site spans 60.7 acres, and the facility will feature a cross-dock configuration, 36-foot clear heights, interior offices, a break room and training rooms. Alliance Architects designed the project, and Peinado Construction is serving as the general contractor. Delivery is slated for next fall.

December 21, 2023

Industrial Leasing Activity Texas

Newmark Negotiates 41,202 SF Industrial Lease in Flower Mound, Texas

by Taylor Williams December 21, 2023

FLOWER MOUND, TEXAS — Newmark has negotiated a 41,202-square-foot industrial lease at Prologis Flower Mound 5, a 140,500-square-foot warehouse located in the northern-central part of the metroplex. Reggie Beavan, Chris Mason and Jack Brewer of Newmark represented the tenant, Dallas-based tool kit and test equipment provider Specialty Products Co., in the lease negotiations. The deal brings Prologis Flower Mound 5, which is one of six buildings within the larger development, to full occupancy.

December 21, 2023

Leasing Activity Restaurant Retail Texas

Emmer & Rye Hospitality Group to Open 40,000 SF Food Hall at San Antonio’s Pearl District

by Taylor Williams December 21, 2023

SAN ANTONIO — Texas-based restaurant operator Emmer & Rye Hospitality Group will open Pullman Market, a 40,000-square-foot food hall that will be located within San Antonio’s Pearl District. Set to debut next spring, the culinary destination will feature four full-service restaurants, fast-casual concepts, an artisan butcher and fishmonger program, various wine and beer selections, Texas-based produce and specialty foods, a seasonal bakery and a fresh pasta program. The four restaurants include Italian concept Fife & Farro, Mexican eatery Mezquite, fine-dining establishment Isidore and dessert bar Nicosi.

December 21, 2023

Healthcare Leasing Activity Texas

Four Healthcare Users Sign Leases Totaling 35,877 SF in San Antonio

by Taylor Williams December 21, 2023

SAN ANTONIO — Four healthcare users have signed leases totaling 35,877 square feet at Sunset at Treeline, a 64,644-square-foot medical office building in San Antonio’s Alamo Heights area. The tenants include FCC MSO (12,646 square feet), Sports Medicine Associates of San Antonio (11,036 square feet), Katherine Cornforth, MD, OBGYN (6,135 square feet) and Northeast OB/GYN (6,060 square feet). Chad Gunter of Transwestern represented the landlord, Casey Development, in all of the lease negotiations.

December 21, 2023

Acquisitions Multifamily Texas

SPI Advisory Buys 266-Unit Main Street Lofts Apartments in Mansfield, Texas

by Taylor Williams December 20, 2023

MANSFIELD, TEXAS — Texas-based private equity firm SPI Advisory has purchased Main Street Lofts, a 266-unit apartment complex in the southern Fort Worth suburb of Mansfield. Completed in 2022, the property offers studio, one-, two- and three-bedroom units. The amenity package consists of a pool with an adjacent game lawn, fire pit and lounge, as well as a rooftop lounge with shuffleboard, fitness center with yoga and spin studios, dog park, conference rooms, biking trails and resident lounges with TVs. Grant Raymond, Asher Hall, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, a partnership between Dallas-based Realty Capital Residential and Florida-based PointOne Holdings, in the transaction. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal.

December 20, 2023

Acquisitions Multifamily Texas

The Multifamily Group Arranges Sale of 72-Unit Lorenzo Apartments in San Antonio

by Taylor Williams December 20, 2023

SAN ANTONIO — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Lorenzo Apartments, a 72-unit complex in San Antonio. Built in 1960 on the city’s south side, the property features one- and two-bedroom units with an average size of 611 square feet, as well as a dog park and onsite laundry facilities. Jon Krebbs of TMG represented the seller, and Christopher Siemasko of TMG procured the buyer. Both parties requested anonymity.

December 20, 2023

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