Texas

VanTrust Real Estate Breaks Ground on 483,698 SF Industrial Project in El Paso

by Taylor Williams June 23, 2022

EL PASO, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on Phase II of El Paso Logistics Park, a project that will add 483,698 square feet of Class A industrial space across two buildings to the local supply. VanTrust completed Phase I of the 59-acre development in February. Each building will feature 32-foot clear heights, 52 dock positions, ESFR sprinkler systems and parking for more than 150 cars and 85 trailers. Upon completion of Phase II in April 2023, El Paso Logistics Park will total nearly 1 million square feet across six buildings. CBRE is leasing the development.

June 23, 2022

Development Industrial Texas

Andes Coil Processors to Open 151,693 SF Manufacturing Facility in Fort Worth

by Taylor Williams June 23, 2022

FORT WORTH, TEXAS — Steel products provider Andes Coil Processors will open a 151,693-square-foot manufacturing facility in Fort Worth. The facility will be situated within the 64-acre Sylvania Industrial Park, which is located at the site of former American Manufacturing of Texas plant on the city’s north side. Andes Coil Processors plans to hire 30 to 50 new employees as part of a $5 million capital investment in the local economy. Dallas-based CanTex Capital acquired Sylvania Industrial Park in December, and the space is now ready for occupancy.

June 23, 2022

Industrial Leasing Activity Texas

Cheer Athletics Expands, Relocates Corporate Headquarters, Flagship Gym in Plano

by Taylor Williams June 23, 2022

PLANO, TEXAS — Cheer Athletics, which provides instructional cheerleading classes and camps, will relocate its corporate headquarters and flagship gym to a 70,045-square-foot space within Plano Commerce Center. With the move, which should occur before the end of the year, Cheer Athletics will be doubling its footprint within the northern Dallas suburb. Allison Johnston Frizzo and David Harris of Hart Commercial represented Cheer Athletics in lease negotiations. Mike McCartan and Jeff White of Mark V Commercial represented the landlord, Provident Realty Advisors.

June 23, 2022

Acquisitions Industrial Texas

NAI Partners Brokers Sale of 23,781 SF Industrial Building in Houston

by Taylor Williams June 23, 2022

HOUSTON — NAI Partners has brokered the sale of a 23,781-square-foot industrial building located at 7522 S. Santa Fe Drive on Houston’s south side. According to LoopNet Inc., the property was built in 1962. Zane Carman and Clay Pritchett of NAI Partners represented the buyer, The New Generation Engineering & Construction Co., in the transaction. David Munson and Garrett Thomas of Boyd Commercial represented the undisclosed seller.

June 23, 2022

Leasing Activity Office Texas

RPM Living Signs 16,403 SF Office Lease at Preston Commons in Dallas

by Taylor Williams June 23, 2022

DALLAS — Multifamily investment and management firm RPM Living has signed a 16,403-square-foot office lease at Preston Commons, a 427,799-square-foot office park in North Dallas that is owned by California-based KBS. The three-building campus offers a health and wellness center, multiple dining options, business lounge, open-air courtyard with Wi-Fi and an upgraded lobby. Alexandra Cullins, Dennis Barnes and Jackie Marshall of CBRE represented KBS in the lease negotiations.

June 23, 2022

Development Multifamily Texas

Kalterra Capital Underway on 249-Unit Multifamily Project in San Marcos, Texas

by Taylor Williams June 22, 2022

SAN MARCOS, TEXAS — Kalterra Capital Partners is underway on construction of The Dylan, a 249-unit apartment community in the Central Texas city of San Marcos. The site is adjacent to McCarty Commons, which the Dallas-based developer sold in 2021. Units will come in one-, two- and three-bedroom floor plans and will be furnished with granite countertops, stainless steel appliances and private patios/balconies. Residences will range in size from 675 to 1,415 square feet. Amenities will include a pool, fitness center, volleyball court and open green space. Kalterra expects to deliver the property in the second quarter of 2023.

June 22, 2022

Build-to-Rent Development Single-Family Rental Texas

Coastal Ridge, Halstatt to Develop 225-Unit Build-to-Rent Community in Metro Austin

by Taylor Williams June 22, 2022

ROUND ROCK, TEXAS — Ohio-based Coastal Ridge Real Estate, in a joint venture with Halstatt Real Estate Partners, will develop a 225-unit build-to-rent residential community in the northern Austin suburb of Round Rock. The site spans 20 acres within the 1,200-acre Avery Centre mixed-use development. The development will feature one-, two- and three-bedroom homes, and amenities will include a pool, resident clubhouse, walking trails, outdoor seating areas and a fitness center. Coastal Ridge will operate the community under its Stillwell brand. A formal groundbreaking ceremony will take place on Tuesday, July 19.

June 22, 2022

Development Multifamily Seniors Housing Texas

JPI Breaks Ground on 185-Unit Independent Living Community in Anna, Texas

by Taylor Williams June 22, 2022

ANNA, TEXAS — Locally based developer JPI, in partnership with the City of Anna, has broken ground on Parmore Anna Senior Living, a luxury independent living community located approximately 50 miles north of Dallas. The property will be the first of its kind in Anna and JPI’s second installment in its new line of senior housing developments. The Anna Housing Finance Corp. is also a partner on the project. The 150,000-square-foot community will span over nine acres and include 185 apartments. Completion is scheduled for 2023.

June 22, 2022

Acquisitions Industrial Texas

Lee & Associates Brokers Sale-Leaseback of 165,000 SF Industrial Building in Coppell, Texas

by Taylor Williams June 22, 2022

COPPELL, TEXAS — Lee & Associates has brokered the sale-leaseback of a 165,000-square-foot industrial building located at 585 S. Royal Lane in northern central metroplex city of Coppell. Alex Wilson and Nathan Denton of Lee & Associates represented the buyer, Nuveen Real Estate, in the off-market transaction. The seller and tenant was Dexas International, a local manufacturer of kitchen tools and specialty gadgets.

June 22, 2022

Acquisitions Office Texas

Newmark Negotiates Sale of 156,104 SF One Mockingbird Plaza Office Building in Dallas

by Taylor Williams June 22, 2022

DALLAS — Newmark has negotiated the sale of One Mockingbird Plaza, a 156,104-square-foot office building located near Dallas Love Field Airport. Chris Murphy, Gary Carr, Robert Hill and Chase Tagen of Newmark represented the seller, TXRE Properties, in the transaction. The buyer and additional terms of sale were not disclosed. The newly renovated One Mockingbird Plaza was 94 percent leased at the time of sale.

June 22, 2022

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