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Texan-26-Austin
AcquisitionsMultifamilyStudent HousingTexas

Bascom Group Buys 204-Bed Student Housing Property Near UT Austin

by Taylor Williams

AUSTIN, TEXAS — California-based private equity firm The Bascom Group has acquired Texan 26, a 204-bed student housing property near the University of Texas at Austin. The 53-unit complex was built in 2014 on a lot that is adjacent to campus. Tyler Marshall and Richard Waterhouse of Matthews Real Estate Investment Services represented the undisclosed seller in the transaction. Bascom Group was self-represented. Ben Roelke and Ian Walker of Newmark arranged acquisition financing through Bridge Investment Group for the off-market deal.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 82,675 SF Industrial Building in Midland, Texas

by Taylor Williams

MIDLAND, TEXAS — Colliers has brokered the sale of an 82,675-square-foot industrial building in the West Texas city of Midland. The site at 5500 N. County Road spans 40 acres, and the building, which was constructed in 2007 and renovated in 2013, features 32-foot clear heights, 19 overhead doors and 8,600 square feet of office space. Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed. The building was fully leased at the time of sale to steel fabricator NG Resources Corp.

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AcquisitionsHospitalityTexas

Marcus & Millichap Arranges Sale of 66-Room Holiday Inn Hotel in San Antonio

by Taylor Williams

SAN ANTONIO — Marcus & Millichap has arranged the sale of the 66-room Holiday Inn Express & Suites San Antonio South. The hotel was built on a 1.9-acre site on the city’s south side in 2008 and offers a pool, fitness center and a business center. Allan Miller of Marcus & Millichap represented the seller, a limited liability company, in the transaction and procured a private investor as the buyer. Both parties requested anonymity. Chris Gomes of Marcus & Millichap was also listed on the deal as a supporting broker.

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IndustrialLeasing ActivityOfficeTexas

Arbor Diagnostics Signs 22,392 SF Lease Renewal at Industrial Flex Campus in North Dallas

by Taylor Williams

DALLAS — Arbor Diagnostics, which provides lab testing services for women, has signed a 22,392-square-foot lease renewal at Westwood Business Park, a 12-building industrial flex campus in North Dallas. Jason Finch of Bradford Commercial Real Estate Services represented the undisclosed landlord in the lease negotiations. The tenant representative was also not disclosed. Westwood Business Park spans 277,077 square feet and is 93 percent leased.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 1,503-Unit Self-Storage Portfolio in North Texas

by Taylor Williams

SPRINGTOWN, PARADISE AND WEATHERFORD, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of eight self-storage facilities totaling 1,503 units in North Texas. The facilities span a combined 222,275 net rentable square feet and are located in Springtown and Paradise, both of which are northwest of Fort Worth, as well as in the southern Dallas suburb of Weatherford. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based investment groups that requested anonymity, in the transaction.

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DevelopmentIndustrialTexas

Link Logistics Completes 778,950 SF Industrial Project in The Colony, Texas

by Taylor Williams

THE COLONY, TEXAS — New York City-based Link Logistics has completed the second and final phase of Live Oak Logistics, an industrial project in the northern Dallas suburb of The Colony that added 778,950 square feet of space across four buildings to the local supply. The Phase II buildings range in size from 115,920 to 395,000 square feet, feature clear heights as high as 36 feet and can support manufacturing, warehousing and distribution users. GSR Andrade designed the project, and MW Builders served as the general contractor.

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CITYCENTRE-Six-Houston
DevelopmentOfficeTexas

Midway Unveils Plans for 320,000 SF Office Building at CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Midway has unveiled plans for a 320,000-square-foot office building within the locally based developer’s CITYCENTRE mixed-use destination in West Houston. The 19-story building, which will be known as CITYCENTRE Six, will sit on a nine-story podium parking structure and include 12,000 square feet of retail and restaurant space. Midway has also secured an undisclosed anchor tenant to occupy 65 percent of the office space. The design team includes architect of record Kirksey, Munoz + Albin Architecture & Planning and OJB Landscape Architecture. Construction is scheduled to begin in the second quarter and to be complete in 2026.

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AcquisitionsMultifamilyTexas

Greysteel Arranges Sale of 64-Unit Kings Landing Apartments in Mansfield, Texas

by Taylor Williams

MANSFIELD, TEXAS — Greysteel has arranged the sale of Kings Landing, a 64-unit apartment complex located in the southern Fort Worth suburb of Mansfield. The property was built in phases between 1975 and 1985 and was fully occupied at the time of sale. Units come in one- and two-bedroom floor plans with an average size of 765 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller, an entity doing business as 1300 Dallas LLC, in the transaction. The duo also secured the buyer Tri-City Equity Group, which plans to implement a value-add program.

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DevelopmentRetailTexas

GBT Realty to Develop 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — GBT Realty Corp., a developer based in metropolitan Nashville, will build The Shops at The Brick & Mortar District, a 42,000-square-foot shopping in the southern Austin suburb of Kyle. A 23,250-square-foot Sprouts Farmers Market grocery store will anchor the center, which will be situated within the 2,200-acre Plum Creek master-planned development. Vertical construction is scheduled to begin this quarter, and completion is slated for spring 2025.

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Constellation-Eldridge-Houston
DevelopmentIndustrialTexas

Constellation Real Estate to Develop 537,375 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Constellation Real Estate Partners has acquired 25.8 acres at 6401 N. Eldridge Parkway in northwest Houston for the development of a 537,375-square-foot industrial project. Designed by Seeberger Architecture, Constellation Eldridge will feature 40-foot clear heights, 127 trailer parking spaces and an ESFR sprinkler system. The developer has tapped CBRE as the leasing agent. Construction will begin in the first quarter with the demolition of an existing administrative building on the site, and delivery is slated for the fourth quarter.

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