Texas

KWA Tops Out 358-Unit Phase II of Arlington Commons Apartment Project

by Taylor Williams October 28, 2020

ARLINGTON, TEXAS — Locally based general contractor KWA Construction has topped out The Truman, a 358-unit multifamily project that represents Phase II of the $250 million Arlington Commons project. Designed by JHP Architecture, The Truman will feature studio, one-, two- and three-bedroom units ranging in size from 598 to 1,715 square feet. Amenities will include a pool, outdoor grilling stations, fire pit, game area, fitness center, coworking spaces, e-gaming room and a dog park. Completion of Phase II is scheduled for August 2021. Nehemiah Co. is developing Arlington Commons, which will ultimately consist of 1,300 units that will be delivered over five phases.

October 28, 2020

Development Multifamily Texas

Herman & Kittle Opens $38.5M Vireo Affordable Apartments in Houston

by Taylor Williams October 28, 2020

HOUSTON — Indianapolis-based developer Herman & Kittle Properties Inc. has opened The Vireo, a $38.5 million affordable housing property located at 1212 Tidwell Road in northeast Houston. The community features 264 units consisting of 60 one-bedroom residences, 132 two-bedroom apartments and 72 three-bedroom units that are reserved for renters earning 60 percent or less of the area median income. Each residence is furnished with washer and dryer hookups and private balconies/patios. Communal amenities include outdoor grilling stations, a business center, fitness center, children’s play area and a dog park. Storage units and garages are also available for rent.

October 28, 2020

Acquisitions Office Texas

Coldwell Banker Arranges Sale of 68,124 SF Office Building in Lubbock

by Taylor Williams October 28, 2020

LUBBOCK, TEXAS — Coldwell Banker Commercial has arranged the sale of a 68,124-square-foot office building in Lubbock. Built in 1997, the property formerly served as a call center for Convergys, a provider of information management software for corporate users. Coldwell Banker represented the seller, which sold the asset to Harmony Public Schools, a Houston-based organization of K-12 charter schools that focuses on science, technology, engineering and math (STEM). The sales price was undisclosed.

October 28, 2020

Acquisitions Healthcare Texas

MedCore Partners Sells 22,000 SF Medical Office Plaza in Sunnyvale, Texas

by Taylor Williams October 28, 2020

SUNNYVALE, TEXAS — MedCore Partners has sold Sunnyvale Medical Plaza, a 22,000-square-foot medical office property located at the corner of U.S. Highway 80 and South Collins Road in Sunnyvale, an eastern suburb of Dallas. The property was fully leased at the time of sale to several local providers, including primary care and cardiology practices. The buyer was not disclosed.

October 28, 2020

Development Multifamily Texas

Wood Partners Completes 204-Unit Alta Washington Apartments in Houston’s Memorial Park District

by Taylor Williams October 27, 2020

HOUSTON — Multifamily developer Wood Partners has completed Alta Washington, a 204-unit apartment community in the Memorial Park area of Houston. The property features one- and two-bedroom units, as well as six townhomes, with quartz countertops, stainless steel appliances and hardwood-style flooring. Amenities include a pool, fitness center, business center, package sorting room, outdoor grilling stations and a dog park. Move-ins will begin in early November. Rents start at $1,675 per month for a one-bedroom unit.

October 27, 2020

Industrial Leasing Activity Texas

Stream Realty Negotiates 252,187 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams October 27, 2020

CARROLLTON, TEXAS — Stream Realty Partners has negotiated a 252,187-square-foot industrial lease renewal at 2051 McKenzie Drive in Carrollton. According to LoopNet Inc., the property was built in 1985 and renovated in 2008. Blake Kendrick and Eric Crutchfield of Stream Realty Partners represented the landlord, Link Industrial Properties, in the lease negotiations. Ross Longo with Longo Commercial Advisors represented the tenant, Lennox Industries, a locally based provider of HVAC systems.

October 27, 2020

Leasing Activity Office Retail Texas

Office Furniture Provider Vari Opens Sales Office, Showroom in Houston

by Taylor Williams October 27, 2020

HOUSTON — Vari, a Dallas-based provider of innovative office furniture like sit-stand desks, has opened a sales office and product showroom in Houston’s Memorial City District. Locally based developer Radom Capital LLC has also hired Vari to outfit 18,000 square feet of workspace in a historic 1930s landmark, the Star Engraving Building, located near River Oaks. Vari has also opened showrooms in Austin, Baltimore, Denver, Phoenix and Washington D.C., in the past year.

October 27, 2020

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 13,290 SF Shopping Center in Mesquite, Texas

by Taylor Williams October 27, 2020

MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of Belt Line Crossing, a 13,290-square-foot shopping center located in the eastern Dallas suburb of Mesquite. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The property was 84 percent leased at the time of sale to tenants such as Subway and metroPCS.

October 27, 2020

Healthcare Leasing Activity Texas

Prism Health North Texas Signs 12,835 SF Healthcare Lease in Downtown Dallas

by Taylor Williams October 27, 2020

DALLAS — Prism Health North Texas, which supports patients living with HIV/AIDS, has signed a 12,835-square-foot healthcare lease at 4004 Worth St. in Dallas. The space is located on the Baylor Scott & White campus in the downtown area. Eliza Solender of Solender/Hall represented the tenant in the lease negotiations. Chris Lipscomb, Laney Underwood and Brooke Sutherland of Transwestern represented the landlord, Healthcare Realty Trust Inc.

October 27, 2020

Development Industrial Texas

Amazon to Open 700,000 SF Fulfillment Center in Waco, Create 1,000 Jobs

by Taylor Williams October 26, 2020

WACO, TEXAS — Amazon (NASDAQ: AMZN) will open a 700,000-square-foot fulfillment center in Waco, the Seattle-based e-commerce giant’s first in the Central Texas city. The facility is expected to come on line in 2021 and to bring about 1,000 new full-time jobs to the market. Local CBS affiliate KWTX reports that the facility will be situated on a 90-acre site at 2000 Exchange Parkway near Baylor Scott & White Hillcrest Medical Center on the city’s south side. Over the last decade, Amazon has made approximately $17 billion in capital investment in Texas, resulting in the creation of some 43,000 new jobs.

October 26, 2020

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