LUBBOCK, TEXAS — Indianapolis-based development and investment firm Birge & Held Asset Management and Pedcor Management Corp. have unveiled the $7 million renovation of Cantibury Pointe Apartments, a 144-unit affordable housing complex in the West Texas city of Lubbock. The property offers 74 three-bedroom and 70 four-bedroom townhomes. The project team upgraded the amenity spaces, which include a pool, fitness center, business center and a clubhouse. Specific information on income restrictions was not disclosed.
HOUSTON — The U.S. subsidiary of Australian firm Anton Paar USA, which provides laboratory instruments and measuring systems, will open a 30,000-square-foot regional headquarters in Houston. The site is located within East River, Midway’s 150-acre mixed-use development in the Historic Fifth Ward. The facility will consist of 12,500 square feet of office space, 12,599 square feet of lab and training space and 5,000 square feet of logistics space. Chadd Bolding of Colliers represented Anton Paar USA in its site selection and purchase of the land. David Hightower represented Midway on an internal basis.
AUSTIN, TEXAS — Landmark Properties has acquired Pointe on Rio, a 321-bed student housing property located at 1901 Rio Grande St. near the University of Texas in Austin. The midrise building, which will be rebranded as Tradition on Rio, was constructed in 2014. The community offers units in studio through five-bedroom configurations with hardwood floors, stainless steel appliances and in-unit washers and dryers. Amenities include a pool, resident lounge, gaming area, fitness center and conference and study spaces. At the time of sale, the community was 94 percent preleased for the 2024-2025 academic year.
SAN ANTONIO — Northmarq has brokered the sale of Regatta Apartment Homes, a 200-unit multifamily complex in San Antonio’s Northern Hills neighborhood. Built in 1982, the property offers one-, two- and three-bedroom floor plans and amenities such as a pool, tennis court, clubhouse and walking trails. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza of Northmarq represented the undisclosed seller in the transaction. The buyer, an affiliate of CREE Capital, assumed the seller’s loan.
AUSTIN, TEXAS — General contractor Whiting-Turner has begun construction on the West Infill project at the Barbara Jordan Terminal at Austin-Bergstrom International Airport. The project will add 75,000 square feet of space across four levels, encompassing areas such as baggage handling, apron space, the concourse and a new mezzanine level. Additionally, the project team will undertake enhancements to mechanical, electrical and IT systems to minimize wait times and maximize efficiency for the 57,000 travelers who pass through the airport on a daily basis. Gensler is the project architect. Completion is slated for spring 2026.
HASLET, TEXAS — Mainfreight, a logistics company based in New Zealand, has signed a 62,000-square-foot industrial lease in Haslet, a northern suburb of Fort Worth. The site at 112 Harmon Road spans 21.3 acres. The build-to-suit facility will feature 24-foot clear heights, 86 dock doors, 20,000 square feet of office space and ample trailer parking. An affiliate of Chicago-based Timber Hill Group and Champion Realty Advisors own the site and expect to complete construction of the facility by the end of the year. CBRE represented Mainfreight in the lease negotiations, and Lee & Associates represented ownership.
COLLEGE STATION, TEXAS — REI Co-op will open a 21,732-square-foot store at 615 University Drive E in College Station. The store, which will be situated adjacent to a Crunch Fitness facility, will be the outdoor apparel and equipment retailer’s 11th in Texas. The store will house a full-service bike shop and is expected to employ about 40 people. The opening is slated for the fall.
SAN ANTONIO — JCB, an English manufacturer of heavy machinery and industrial equipment, has acquired 400 acres along State Highway 16 in San Antonio with plans to construct a production facility that could ultimately employ as many as 1,500 people. The assemblage consists of two parcels spanning 172.7 and 227.3 acres. Phil Crane and Dan Gostylo of Partners Real Estate represented the sellers in the disposition of both parcels. A construction timeline was not disclosed.
AUSTIN, TEXAS — Los Angeles-based law firm O’Melveny & Myers LLP has signed a 28,000-square-foot office lease at The Republic, a 48-story building that is under construction in downtown Austin. The Republic is now more than 50 percent preleased and is slated for a summer 2025 completion. Jeff Welch, John Gump and Jay Austin of CBRE represented the tenant in the lease negotiations. Mark Miller and Seth Johnston of Lincoln Property Co., which owns the property in partnership with Phoenix Property Co. and DivcoWest, represented the landlord.
RHOME, TEXAS — Dallas-based brokerage firm Bradford Commercial Real Estate Services has negotiated a 25,000-square-foot industrial lease in Rhome, about 25 miles north of Fort Worth. The site at 138 Leopard Road is located within the 114 Industrial Park development and includes five acres of outdoor storage space. Todd Lambeth of Bradford represented the tenant, St. Louis-based Commercial Van Interiors, in the lease negotiations. Mark Boone of LanCarte Commercial represented the undisclosed landlord.