FORT WORTH, TEXAS — Dallas-based brokerage firm Holt Lunsford Commercial has negotiated a 14,775-square-foot industrial lease renewal at 200 N. Vacek St. in Fort Worth. David Cason and Jake Neal with Holt Lunsford represented the tenant, Ambiance Textiles Inc., in the lease negotiations. The name and representative of the landlord were not disclosed.
AUSTIN, TEXAS — Carr Properties has broken ground on Block 16, a 43-story office tower in Austin. Carr Properties has chosen Austin-based Manifold Development as its local partner for the project. Block 16 will offer over 738,000 square feet of space. Building amenities will include a fitness facility, multiple meeting areas and food and beverage offerings. The development cost was not disclosed. Designed by Gensler, each floor will offer 10-foot, floor-to-ceiling windows and a virtually column-free workplace. Additionally, Carr Properties is planning to implement improved indoor air quality measures in order to maximize the health and wellness of the customers in the building. “I think we have a real opportunity to deliver a project of world-class design with incredible amenities that best meets the needs of today’s ever-changing work environment,” says Tyler Grooms, the president of Manifold. Located in downtown Austin, Block 16 is situated at the intersection of San Jacinto Boulevard, Trinity and Second streets. The project will offer easy access to the Central Business District, the Rainey Entertainment District and Lady Bird Lake Hike & Bike Trail. Block 16 is also close to the Austin Convention Center and the city’s future rail station. The project is currently available …
LUBBOCK, TEXAS — Houston-based developer Treemont Partners is nearing completion of construction on The Carlton House, a 446-bed student housing project that will serve students at Texas Tech University in Lubbock. The Carlton House will feature a mix of one- and two-bedroom units and amenities such as two pools, a community kitchen and living room, fitness center, private and group study lounges, outdoor grilling and dining areas and a dog park. University Partners will lease and manage the project upon completion, which is slated for June.
AUSTIN, TEXAS — A partnership between locally based investment and management firm Castletop Capital and Dallas-based developer Trammell Crow Co. has completed Korina at the Grove, a 373-unit apartment community in Austin. The property is situated within The Grove, a 450,000-square-foot mixed-use development in the central part of the city. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool, business center, flex entertainment spaces, a dog park and a rooftop terrace. Dallas-based JHP Architecture served as the project architect, with interior design by Britt Design Group. Information on starting rents was not disclosed.
FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Heights of Cityview, a 344-unit apartment community in southwest Fort Worth. Built on 22 acres in 1998, the property features one-, two- and three-bedroom units with an average size of 984 square feet. Amenities include multiple pools, a fitness center, clubhouse, pet park, package locker system and outdoor grilling areas. Drew Kile, Joey Tumminello, Michael Ware, Asher Hall, Taylor Hill and Will Balthrope of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
WEBSTER, TEXAS — CBRE has brokered the sale of The Webster Medical Office & Life Sciences Campus, a two-building, 94,506-square-foot facility located in the southeastern Houston suburb of Webster. The campus was built between 2006 and 2008 and was fully leased at the time of sale. Biomedical conglomerate Catalent anchors the roster of 11 tenants with a 32,000-square-foot space, and other users include Centre for Neuro Skills (CNS), Texas Skin Center, Texas ENT, Arthritis Relief Centers and ProActive Physical Therapy Centers. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany, Zack Holderman and Brandy Bellow Spinks of CBRE represented the seller, a joint venture between Virtus Real Estate Capital and Lincoln Property Co., in the transaction. The buyer and sales price were not disclosed.
HOUSTON — NAI Partners has negotiated a 7,454-square-foot office lease at Marathon Oil Tower, a 41-story building located at 5555 San Felipe St. in West Houston. Dan Boyles, Chris Haro and John Simons of NAI Partners represented the tenant, software developer Datagration, in the lease negotiations. Elliott Hirshfeld with CBRE represented the landlord, an entity doing business as MMP 5555 San Felipe LLC.
SACHSE, TEXAS — Austin-based developer Sparrow Partners and Ohio-based REIT Welltower (NYSE: WELL) are underway on construction of Amberlin at The Station, a 193-unit active adult community located on the northeastern outskirts of Dallas. The property, which is part of The Station, a $500 million mixed-use development by Dallas-based PMB Capital Investments, will feature one- and two-bedroom units for renters aged 55 and above. Residences will range in size from 615 to 1,285 square feet. Amenities will include a pool, fitness center, game room, media lounge, community kitchen and coffee bar, dog park and pickleball and bocce ball courts. Rents will run from $1,400 to $2,500 per month. FK Architecture is designing the project. Completion is slated for the fall. The project follows the partnership’s hitting construction milestones on two other active adult developments carrying the Amberlin brand, one in Georgetown and one in Pflugerville.
AUSTIN, TEXAS — New York Life Real Estate Investors has provided a $40.7 million loan for the refinancing of Cypress McKinney Falls, a 264-unit multifamily property in Austin. The property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, custom cabinetry and individual washers and dryers. Amenities include a pool, pet park, outdoor grilling area, a game lawn, fitness center, package locker service and a coffee bar. The loan was structured with a 10-year term and a fixed interest rate. The borrower was not disclosed.
SAN ANTONIO — Los Angeles-based investment firm BH Properties will undertake a $10 million project to renovate 146 Navarro, a 100,000-square-foot office building in downtown San Antonio. The building was originally constructed in 1987 as the headquarters of CPS Energy. Designed by Gensler, the project will revamp the suites, enhance the lobby and add about 20,000 square feet of ground-floor retail and restaurant space. BH Properties has tapped CBRE lease the building following completion of the project.