Texas

Empire Group Acquires 48 Acres in Fort Worth for Build-to-Rent Residential Project

by Taylor Williams August 30, 2022

FORT WORTH, TEXAS — Arizona-based developer Empire Group of Cos. has acquired 48 acres near North Riverside Drive and Golden Triangle Boulevard in Fort Worth for the construction of a build-to-rent residential project. Empire plans to develop Village at Golden Triangle, which will comprise 323 homes on 30 acres, and sell the remaining 18 acres, which are zoned for office and/or retail development. Homes will come in a mix of one-, two- and three-bedroom formats with private backyards, and residential amenities will include a pool, outdoor grilling areas, a fitness center, walking paths, community clubhouse and a dog park. Construction is set to begin in the first quarter of 2023. Details of the commercial component were not disclosed. Empire Group acquired the land for $16 million.

August 30, 2022

Leasing Activity Life Sciences Texas

Cellipont Bioservices Signs 76,245 SF Life Sciences Lease in The Woodlands

by Taylor Williams August 30, 2022

THE WOODLANDS, TEXAS — Cellipont Bioservices, a California-based biotechnology company specializing in cell therapy treatments, has signed a 76,245-square-foot life sciences lease in The Woodlands, located about 30 miles north of Houston. The facility will be constructed in phases from the ground up, with initial operations expected to commence during the first half of 2023. Zach Leger and Holden Rushing of NAI Partners represented the tenant in the lease negotiations. Dave Baker and Brian Buglione of JLL represented the landlord, Vitrian.

August 30, 2022

Leasing Activity Office Texas

CBRE Negotiates 64,018 SF Office Lease at Westway Plaza in Houston

by Taylor Williams August 30, 2022

HOUSTON — CBRE has negotiated a 64,018-square-foot office lease at Westway Plaza, a 325,000-square-foot building located two miles northwest of Houston’s Energy Corridor. Kevin Saxe of CBRE represented the tenant, independent oil and gas provider Surge Energy, in the lease negotiations. Surge Energy is relocating from nearby Heron Lakes Office Park and adding 25,000 square feet to its corporate footprint. The move-in is scheduled for February 2023.

August 30, 2022

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Arranges 38,353 SF Industrial Lease in North Dallas

by Taylor Williams August 30, 2022

DALLAS — Lee & Associates has arranged a 38,353-square-foot industrial lease at 9755 Clifford Drive in North Dallas. According to LoopNet Inc., the property was built in 2001 and spans 114,400 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. The name and representative of the tenant were not disclosed.

August 30, 2022

Acquisitions Industrial Texas

Colliers Brokers Sale of 10,575 SF Industrial Property in Rosharon, Texas

by Taylor Williams August 30, 2022

ROSHARON, TEXAS — Colliers has brokered the sale of a 10,575-square-foot industrial property in Rosharon, located south of Houston. Built in 2008, the crane-served complex consists of a main warehouse with office space, break rooms and a conference room, as well as a 1,200-square-foot outbuilding. Christopher Winters and Walter Menuet of Colliers represented the seller, Glenmorangie LLC, in the transaction. The buyer was not disclosed

August 30, 2022

Development Mixed-Use Texas

Portman Holdings to Develop Dallas Gateway Mixed-Use Project in City’s Arts District

by Taylor Williams August 29, 2022

DALLAS — Atlanta-based Portman Holdings will develop Dallas Gateway, a mixed-use project in the Dallas Arts District. Plans currently call for 850 residential units in a variety of formats, 400,000 square feet of office space and 45,000 square feet of retail and restaurant space across three towers. The development will also feature 1,800 parking spaces and ample open green space. Construction is set to begin in the second quarter of next year.

August 29, 2022

Development Industrial Texas

Stream Realty Partners Breaks Ground on 689,215 SF Industrial Project in San Antonio

by Taylor Williams August 29, 2022

SAN ANTONIO — Stream Realty Partners has broken ground on Interpark Logistics Center, a 689,215-square-foot industrial project located across the street from San Antonio International Airport. The development will comprise five buildings ranging in size from 119,600 to 155,475 square feet. Each structure will have a minimum of 24 dock doors with two drive-in ramps, 32-foot clear heights, 130-foot truck court depths and ESFR sprinkler systems. Stream is also marketing the development for lease. Completion is slated for August 2023.

August 29, 2022

Acquisitions Office Texas

Tishman Speyer Sells 240,000 SF Foundry Office Complex in East Austin

by Taylor Williams August 29, 2022

AUSTIN, TEXAS — Tishman Speyer has sold The Foundry, a 240,000-square-foot office complex in East Austin. The New York City-based real estate giant acquired the first of The Foundry’s two buildings in January 2021 and the second in July 2021 from locally based developer Cielo Property Group. Mike McDonald and Jonathan Napper of Cushman & Wakefield represented Tishman Speyer in the latest sale. Beacon Capital Partners purchased the asset, which was 96 percent leased at the time of sale, for an undisclosed price.

August 29, 2022

Acquisitions Multifamily Student Housing Texas

Apex Student Living Acquires Community in Stillwater, Oklahoma for $23.7M

by Taylor Williams August 29, 2022

STILLWATER, OKLA. — Apex Student Living has acquired Apex on Perkins, a 732-bed community located near Oklahoma State University in Stillwater, for $23.7 million. According to Apartments.com, the property offers a pool, fitness center, business center and a clubhouse. The seller was a partnership between two Manhattan-based investment firms, Ladder Capital and Tailwind Capital. Apex is a joint venture between Toronto-based Alexandra Capital and Connecticut-based Axela Group.

August 29, 2022

Leasing Activity Office Texas

Accounting Firm Weaver Signs 35,948 SF Office Lease Renewal in Fort Worth

by Taylor Williams August 29, 2022

FORT WORTH, TEXAS — Texas-based accounting firm Weaver has signed a 35,948-square-foot office lease renewal in Fort Worth’s West Seventh district. Scott Morse, Scott Jessen, Andy Goldston, Daniel Mullen and Katherine Jessen of Citadel Partners represented Weaver in the lease negotiations. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, Macfarlan Capital Partners. Weaver, which also recently signed a new lease in Houston, is temporarily operating out of a smaller suite and plans to move into its newly renovated space in November.

August 29, 2022

Newer Posts

Older Posts