SAGINAW, TEXAS — Dallas-based Alpine Start Development has broken ground on Range West Saginaw, a 261-unit multifamily project that will be situated on an 11-acre site on the northern outskirts of Fort Worth. The development will house one-, two- and three-bedroom units that will range in size from 637 to 1,349 square feet. Amenities will include a pool, pickleball courts, fitness center, dog park and outdoor grilling stations. The first units are expected to be available for occupancy in late 2024.
Texas
SAN ANTONIO — Austin-based developer Urban Moment is nearing completion of YardHomes Juniper Pointe, a 248-unit multifamily project in San Antonio. The development will feature one-, two- and three-bedroom floor plans, with each unit having 250 square feet of private outdoor space. Amenities will include a pool, fitness center, outdoor grilling and dining stations and an outdoor event lawn, as well as multiple pocket parks throughout. A grand opening ceremony will be held in November, with the first move-ins scheduled to begin shortly thereafter.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Luna Vista, a 236-unit apartment complex in Fort Worth. The 32-building property was built in 1979 at the intersection of I-30 and Loop 820 on the city’s east side. Al Silva and Ford Braly of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based investment groups that requested anonymity, in the transaction. The new ownership plans to implement a value-add program.
WACO, TEXAS — Houston-based investment and brokerage firm NewQuest Properties has arranged the sale of Center West, a 30,400-square-foot shopping center located at 4700 W. Waco Drive, southwest of the downtown area. The center was built in 1965 and is home to tenants such as cosmetics retailer RDA Pro-Mart, DreamMaker Bath & Kitchen and Studio Gallery. Dakota Workman of NewQuest brokered the all-cash, off-market transaction. The names of the locally based seller and North Carolina-based buyer were not disclosed.
DALLAS — A partnership between Hines, Mitsui Fudosan American and McNair Interests is nearing completion of Maple Terrace Residences, a 345-unit multifamily project in Uptown Dallas. The 22-story building houses studio, one-, two- and three-bedroom apartments, as well as some two- and three-bedroom penthouses, that range in size from 600 to 2,900 square feet. Amenities include a pool, fitness center, golf simulator, dog park, library, creative studio, clubroom with kitchen, media lounge, coworking spaces and a rooftop terrace. Leasing will begin in January.
SAN ANTONIO — California-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 211,000-square-foot warehouse in San Antonio. The building is located on the city’s west side and was originally constructed on 23 acres in 1969 and renovated in 2021. Jeff Miller and Michael Kelleher of Matthews represented the buyer, Evergen Equity, which plans to implement a value-add program. The seller was not disclosed. The building was leased to Flasher Equipment at the time of sale.
DALLAS — California-based investment firm Provender Partners has acquired a 185,569-square-foot cold storage facility in southwest Dallas. According to commercialcafé.com, the property at 5225 Investment Drive was built on 12.3 acres in 1986. Provender Partners, which acquired the facility as part of a $50 million portfolio deal, has also entered into a sale-leaseback agreement with the undisclosed seller. Chris Robinson of Fischer Co. and Scott Delphey with Food Properties Group represented both parties in the portfolio sale.
HOUSTON — Audubon Engineering Co. has signed a 71,879-square-foot office lease for its new corporate headquarters at 3505 W. Sam Houston Parkway N in West Houston. The 227,045-square-foot building was constructed in 2013 and offers a cafeteria, fitness center and outdoor gathering and amenity spaces. Reggie Beavan, Joshua Brown and Audrey Selber of Newmark represented the tenant in the lease negotiations. Russell Hodges and Bubba Harkins of CBRE represented the landlord, Israeli investment firm Azrieli Group.
SPRING, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of two multi-tenant retail properties totaling 20,000 square feet in the northern Houston suburb of Spring. Both properties were built in 2022 within Woodson’s Reserve, a master-planned community by Toll Brothers Inc., and are fully leased to a mix of fitness, medical, food-and-beverage and service-oriented users. Jake Dutson of STRIVE represented the seller, Houston-based developer DeisoMoss, in the transaction. The buyers were not disclosed.
Texas Medical Center Opens First Building at 37-Acre Helix Park Life Sciences Campus in Houston
by Jeff Shaw
HOUSTON — Texas Medical Center, The University of Texas MD Anderson Cancer Center (MD Anderson), Texas A&M University Health Science Center and The University of Texas Health Science Center at Houston have opened the TMC3 Collaborative Building in Houston. The building is the first project completed within Helix Park, a life sciences campus spanning 37 acres and approximately 5 million square feet of planned development. At full build-out, the Helix Park campus will also offer a 700,000-square-foot industry research building called Dynamic One, six future industry and institutional research buildings, a hotel, a residential tower and a mixed-use building with retail space. Helix Park will also include 18.7 acres of green space across six public parks, which will link together in a double helix configuration. Each park will comprise approximately 55,000-square feet. The parks will offer gathering space, water features, cafes, retail shops and other public spaces. Individual gardens will be available as event spaces. The TMC3 Collaborative Building comprises 250,000 square feet at the heart of Helix Park. According to the Texas Medical Center, the property was designed to foster collaboration between academic institutions and industry partners. The building offers purpose-built wet laboratories, as well as office and co-working space. The building will …