Texas

Legacy Partners, Pondmoon Capital Open 296-Unit Merit Apartments in Lewisville, Texas

by Taylor Williams October 5, 2023

LEWISVILLE, TEXAS — San Francisco-based Legacy Partners and Pondmoon Capital Holdings USA have opened Merit, a 296-unit apartment community in the northern Dallas suburb of Lewisville. The development features one-, two- and three-bedroom units that range in size from 630 to 1,500 square feet and are furnished with granite countertops, stainless steel appliances, work-from-home spaces and private balconies/patios. Amenities include a pool, fitness center, dog park, coworking space, outdoor gaming area and a 24-hour convenience mart. Project partners included JHP Architecture and Provident General Contractors.

October 5, 2023

Acquisitions Office Texas

JLL Negotiates Sale of 226,586 SF Office Building in Houston’s Energy Corridor

by Taylor Williams October 5, 2023

HOUSTON — JLL has negotiated the sale of Memorial Pointe, a 226,586-square-foot office building in Houston’s Energy Corridor area. The 11-story building sits on 2.5 acres and has received multiple capital improvements since 2017, including a renovated lobby, and was 25 percent leased at the time of sale. Rick Goings, Tom Hall and Chad Coluccio of JLL represented the undisclosed seller in the transaction. The buyer was Interra Capital, a Houston-based private equity and financial advisory firm.

October 5, 2023

Leasing Activity Retail Texas

House of Gainz to Open 41,000 SF Gym in Northeast Austin

by Taylor Williams October 5, 2023

AUSTIN, TEXAS — Fitness operator House of Gainz will open a 41,000-square-foot gym at 235 Canyon Ridge Drive in northeast Austin. The facility, which will be the company’s second in the Austin area, will offer boxing, HIIT and boot camp classes, a range of fitness equipment and weights, posing room, cold plunge, sauna and a wellness center. The opening is scheduled for November. Kristiana Beck of Realty Austin represented House of Gainz in the lease negotiations. Bryan McMurrey of Transwestern represented the landlord.

October 5, 2023

Acquisitions Office Texas

Cravey Real Estate Arranges Sale-Leaseback of 9,500 SF Office Building in Corpus Christi

by Taylor Williams October 5, 2023

CORPUS CHRISTI, TEXAS — Locally based brokerage firm Cravey Real Estate Services has arranged the sale of a 9,500-square-foot office building located at 1434 S. Port Ave. in Corpus Christi. Lynann Pinkham of Cravey Real Estate represented the seller and occupant, Plains Capital Bank, in the transaction. Jesus Barba Jr. represented the buyer, Texas RioGrande Legal Aid Inc. Plains Capital Bank will continue to lease back the space for the next 18 months while going through the site selection process for a future hub.

October 5, 2023

Acquisitions Office Texas

Parkway Acquires 1.4 MSF CityWestPlace Office Campus in Houston’s Westchase District

by Taylor Williams October 4, 2023

HOUSTON — Parkway, which is a partnership between Orlando-based Parkway Property Investments and Houston-based Midway, has acquired CityWestPlace, a four-building, 1.4 million-square-foot office campus in Houston’s Westchase District. Designed by Keating Mann Jerrigan Rottet and Daniel Mann Johnson & Mendenhall, CityWestPlace was constructed between 1993 and 2001 and renovated in 2020. Amenities include a conference space, multiple food-and-beverage options, two fitness centers, trails and sports fields. Eastdil Secured represented the undisclosed seller, which previously owned an interest in the property, in the transaction. Parkway will continue to operate the property, and Parkway’s development partner, Midway, will oversee the continued development of CityWestPlace.

October 4, 2023

Development Industrial Texas

Street Realty to Develop 140,000 SF Industrial Project in White Settlement, Texas

by Taylor Williams October 4, 2023

WHITE SETTLEMENT, TEXAS — Locally based developer Street Realty will build West Loop Business Park, a 140,000-square-foot industrial project in White Settlement, a western suburb of Fort Worth. West Loop Business Park will comprise 14 shallow-bay buildings on a 12-acre site. Each building will span 9,900 square feet and can be subdivided for multiple tenants or marketed to a single tenant. Construction is scheduled to begin before the end of the year and wrap up in the third quarter of 2024. FirstBank Southwest provided construction financing for the deal.

October 4, 2023

Development Office Texas

KERA to Open New Headquarters Facility in Uptown Dallas, Partners with Kaizen Development

by Taylor Williams October 4, 2023

DALLAS — Public media organization KERA will open a new headquarters facility in Uptown Dallas. The site is adjacent to the Katy Trail, and the square footage has yet to be determined. KERA has also formed a partnership with Kaizen Development to construct the new facility, with construction scheduled to begin late next year. Kaizen also purchased 2.4 acres at the southern end of the site from KERA with plans to build a 400,000-square-foot office building and a residential tower of an undetermined size. Delivery of those projects, which will include 20,000 square feet of retail and restaurant space, is slated for 2027.

October 4, 2023

Industrial Leasing Activity Texas

Dayton Superior Corp. Signs 51,101 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams October 4, 2023

FORT WORTH, TEXAS — Dayton Superior Corp., an Ohio-based concrete supplier, has signed a 51,101-square-foot industrial lease renewal at RiverPark Business Center in Fort Worth. The development consists of two buildings totaling 500,635 square feet on a 25-acre site. Michael Spain and Jason Finch of Bradford Commercial Real Estate Partners represented the landlord, an entity doing business as SCG River Park Business Center LP, in the lease negotiations. Caleb McCoy of JLL represented the tenant.

October 4, 2023

Leasing Activity Retail Texas

Baker Katz Negotiates Three Retail Leases in Houston Area for T-Mobile

by Taylor Williams October 4, 2023

HOUSTON — Locally based brokerage and advisory firm Baker Katz has negotiated three retail leases in the Houston area for T-Mobile. The first deal is for 2,334 square feet in the northeastern suburb of Liberty; the second transaction is for a 2,000-square-foot store in Magnolia, located northwest of the city; and the final lease is for a 3,339-square-foot space in the Galleria District. Jonathan Aron of Hunington represented the landlord in the Liberty deal, and Court Richardson with Ironbridge represented ownership in the Magnolia deal. Bunny McLeod with Wulfe & Co. served as the landlord representative in the third deal.

October 4, 2023

Development Mixed-Use Texas Top Stories

Triten Real Estate Partners Completes Assembly Park Mall Redevelopment in Plano, Texas

by Kristin Harlow October 4, 2023

PLANO, TEXAS — Triten Real Estate Partners has completed the office and retail portions of Assembly Park, the redevelopment of Market Square Mall in Plano. Located along Central Expressway and Spring Creek Parkway, the project features 180,000 square feet of creative office space, 17,000 square feet of walkable retail and dining space, a park and hiking and biking trails. Additionally, Triten is set to complete The Annabel, Assembly Park’s multifamily development, in December. The Class A apartment community features one, two- and three-bedroom units with rentable garages and storage units. Amenities include a fitness center, dog grooming room, dog park, outdoor gaming areas, coworking spaces and secure bike storage. Triten purchased the 300,000-square-foot mall in 2021 with the goal of transforming the underutilized center into a mixed-use development. The mall was built in 1983 and originally named the Outlet Mall of Americas. “Assembly Park is a true work, live, play destination, positioned to appeal to a diverse range of community members,” says Scott Arnoldy, founder of Triten. Triten enlisted Michael Hsu Office of Architecture to design the office and retail portions of Assembly Park. The interior design of the creative office space pays homage to the existing structure’s history by …

October 4, 2023

Newer Posts

Older Posts