Texas

Florida, Texas Dominate U-Haul’s Top 25 Growth Cities of 2021

by John Nelson January 4, 2022

PHOENIX — Florida and Texas dominated the list of top 25 growth cities highlighted in the U-Haul Growth Index, an annual metric tracked by the Phoenix-based moving giant. Together, Florida and Texas accounted for 15 of the top 25 markets for one-way U-Haul moving trips in 2021. Kissimmee-St. Cloud, a Central Florida metro situated less than 30 miles south of Orlando, came in at No. 1 for 2021 after finishing second in both the 2019 and 2020 rankings. Rounding out the top five in-migration markets for 2021 are Raleigh-Durham, N.C.; Palm Bay-Melbourne, Fla.; North Port, Fla.; and Madison, Wis. Arrivals of U-Haul trucks into Kissimmee-St. Cloud climbed 31 percent from 2020, while departures rose 29 percent. Arriving trucks accounted for 53.2 percent of all one-way U-Haul traffic in Kissimmee-St. Cloud, which was one of Florida’s 10 markets in the 2021 list. “Florida remains competitive, especially during the COVID era,” says Miguel Caminos, president of U-Haul Co. of Orlando. “We’ve pushed through and business is thriving. It’s not just people moving to Florida, but businesses moving because they see better opportunities here.” “Florida has always been a destination location for retirees, but more so (in 2021), a lot of people took …

January 4, 2022

Development Industrial Texas

TDC Begins Construction of 1 MSF Cowtown Crossing Industrial Project in Fort Worth

by Taylor Williams January 3, 2022

FORT WORTH, TEXAS — Transwestern Development Co. (TDC) has started construction of Cowtown Crossing, a roughly 1 million-square-foot industrial project that will be located at the confluence of U.S. Highway 287 and Interstate 35 in Fort Worth. TDC is developing the three-building project on a speculative basis. Building 1 will total 553,384 square feet and feature 40-foot clear heights. Buildings 2 and 3 will respectively span 163,080 and 304,665 square feet and will feature 32- and 36-foot clear heights. All three buildings will have ESFR sprinkler systems. Completion is slated for late 2022.

January 3, 2022

Acquisitions Oklahoma Retail Texas

First National Realty Partners Buys 166,552 SF Summit Square Shopping Center in Tulsa

by Taylor Williams January 3, 2022

TULSA, OKLA. — New Jersey-based investment firm First National Realty Partners has purchased Summit Square Shopping Center, a 166,552-square-foot retail power center in Tulsa. A 66,455-square-foot Reasor’s Supermarket anchors the property, which was 96 percent leased at the time of sale. Margaret Caldwell, Gill Warner and Patrick Kelley of locally based brokerage firm Stan Johnson Co. represented the undisclosed seller in the transaction. The price was not disclosed. Jon Scott of Keybank originated an undisclosed amount of fixed-rate acquisition financing for the deal.

January 3, 2022

Development Multifamily Texas

AMAC Breaks Ground on 203-Unit Multifamily Project in Lewisville, Texas

by Taylor Williams January 3, 2022

LEWISVILLE, TEXAS — AMAC, a national investment and development firm, has broken ground on a 203-unit multifamily project that will be located within a Qualified Opportunity Zone in the northern Dallas suburb of Lewisville. Designed by locally based architecture firm HEDK, the property will feature one- and two-bedroom units respectively averaging 724 and 1,134 square feet, as well as three retail spaces. Amenities will include a pool, fitness center, grilling areas, dog wash, lounge and clubroom. Truist is providing $29.3 million in construction financing for the project. Completion is slated for fall 2023.

January 3, 2022

Acquisitions Multifamily Texas

Newmark Brokers Sale of 149-Unit Magnolia Heights Apartments in San Antonio

by Taylor Williams January 3, 2022

SAN ANTONIO — Newmark has brokered the sale of Magnolia Heights, a 149-unit multifamily property in San Antonio’s Alamo Heights neighborhood. Built in 2020, the property houses one-, two- and three-bedroom units, plus 5,162 square feet of ground-floor retail space. Amenities include a pool, outdoor grilling and dining areas, fitness center, resident clubhouse, coffee bar and a conference center. Cypress Real Estate Advisors sold the asset to a fund managed by New York-based Clarion Partners for an undisclosed price. Patton Jones and Matt Michelson of Newmark brokered the deal. Magnolia Heights was 98 percent occupied at the time of sale.

January 3, 2022

Acquisitions Healthcare Texas

MedCore Partners Arranges Sale of 61,088 SF Medical Office Building in Fort Worth

by Taylor Williams January 3, 2022

FORT WORTH, TEXAS — Locally based brokerage firm MedCore Partners has arranged the sale of the Texas Health Professional Building II, a 61,088-square-foot medical office building in Fort Worth. The property sits on 4.6 acres within the Texas Health Resources Alliance hospital campus and is primarily occupied by physicians of that provider, as well as Spine Team Texas. An institutional investor purchased the two-story building. The price was not disclosed.

January 3, 2022

Acquisitions Multifamily Texas

Atlantic Pacific Buys 372-Unit Highland Park West Lemmon Apartments in Dallas

by Taylor Williams December 23, 2021

DALLAS — Miami-based Atlantic Pacific Cos. (A|P) has purchased Highland Park West Lemmon, a 372-unit apartment community in the Highland Park area of Dallas. The mid-rise building houses a mix of studio, one-, two- and three-bedroom floor plans ranging in size from 503 to 1,749 square feet, as well as 18,000 square feet of ground-floor retail space. The amenity package consists of two pools, a fitness center, resident clubhouse and a dog park. The seller and sales price were not disclosed. Following this purchase, A|P now owns 16 multifamily properties in Texas totaling nearly 5,500 units.

December 23, 2021

Acquisitions Multifamily Texas

Barvin Acquires 326-Unit Elan Heights Apartments in Houston

by Taylor Williams December 23, 2021

HOUSTON — Locally based investment firm Barvin has acquired Elan Heights, a 326-unit apartment community in The Heights neighborhood of Houston. Developed in 2016 by South Carolina-based Greystar, the property features units with stainless steel appliances and quartz countertops. Amenities include a fitness center with yoga and spin studios, a game room, conference center and a rooftop lounge. The seller and sales price were not disclosed.

December 23, 2021

Development Multifamily Texas

Guefen Development to Build 320-Unit Build-to-Rent Project in Fresno, Texas

by Taylor Williams December 23, 2021

FRESNO, TEXAS — Houston-based Guefen Development Partners has acquired two parcels totaling roughly 40 acres in Fresno, located southwest of Houston, for the development of a 320-unit build-to-rent residential project. The tracts include a 30.3-acre parcel along Rabb Road and a 9.7-acre adjacent parcel fronting State Highway 6. Jason Scholtz of Colliers represented the family that sold the land to Guefen Development. A construction timeline was not disclosed.

December 23, 2021

Industrial Leasing Activity Texas

Cushman & Wakefield Negotiates 250,000 SF Industrial Lease in Fort Worth

by Taylor Williams December 23, 2021

FORT WORTH, TEXAS — Cushman & Wakefield has negotiated a 250,000-square-foot industrial lease in Fort Worth for goTRG, a provider of reverse logistics services. The space is located within a newly built speculative development that consists of three buildings that are owned by Denver-based Black Creek Group. Mark Collins led the Cushman & Wakefield brokerage team that represented the tenant in the lease negotiations. Scott Moore and Bob Scully of CBRE represented Black Creek Group.

December 23, 2021

Newer Posts

Older Posts