AUSTIN, TEXAS — Bellomy & Co. has arranged the sale of three self-storage facilities totaling 1,807 units in Austin. Owner-operator Storage Star acquired the properties, which span 200,639 net rentable square feet and will be rebranded Storage Star-Mopac, Storage Star-Pond Springs and Storage Star-Ben White. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the undisclosed sellers in the transaction. The new ownership will invest in capital improvements to boost curb appeal and repair deferred maintenance items.
FORT WORTH, TEXAS — Locally based general contractor KWA Construction has topped out Phase II of Columbia Renaissance Square in Fort Worth. The latest phase will add 123 seniors housing units to the local supply. Designed by JHP Architecture and developed by Columbia Residential, the property will feature a 95,015-square-foot building with units that are reserved for renters aged 62 and older. Amenities will include a catering kitchen, computer center with Wi-Fi, fitness center, central laundry facility and a theater for movie screenings. Completion of Phase II is slated for December.
FATE, TEXAS — Private equity firm Gardner Capital has partnered with the City of Fate, located northeast of Dallas, to develop Gala at Fate, a 185-unit affordable seniors housing community. The city will lease the land to Gardner Capital, with plans for long-term ownership by the public-private partnership. CREA and Citibank are additional financial partners for the project, with Citibank providing both construction and permanent financing. Treymore Construction is the general contractor for Gala at Fate, which is expected to be complete in January 2022.
HOUSTON — Colliers International has negotiated the sale of a 132,000-square-foot distribution building located at 6410 W. Sam Houston Parkway N. in Houston. The property was developed on an 18.1-acre site as a build-to-suit project for FedEx Ground Packaging Systems. David Carter and Jeff Peltier of Colliers represented the undisclosed seller in the transaction. The buyer and additional terms of sale were not disclosed.
HOUSTON — General contractor Cadence McShane Construction Co. has completed the 76,000-square-foot IDEA Hardy charter school in Houston. The project was constructed on a 15.5-acre site and includes classrooms, laboratories, a cafeteria, administrative spaces, gym, soccer field and outdoor eating areas. National architecture firm Corgan designed the project on behalf of IDEA Public Schools, a Weslaco, Texas-based provider of K-12 public charter schools serving roughly 19,000 students across 36 institutions.
HOUSTON — Dallas-based developer Hunt Southwest has broken ground on Cedar Port Trade Center, a 1 million-square-foot speculative industrial project that will be located at the intersection of FM 1405 and Borusan Road in Houston. The property will be located within TGS Cedar Port Industrial Park near Port Houston on the city’s southeast side. Building features will include 40-foot clear heights, LED warehouse lighting, an ESFR sprinkler system and ample car and trailer parking space. The site includes an additional 25 acres for future expansion or parking needs. Powers Brown is the project architect, and E.E. Reed Construction is the general contractor. CBRE is the leasing agency. Completion is scheduled for March 2021. Other major industrial users within TGS Cedar Port Industrial Park include Walmart and IKEA.
FORT WORTH, TEXAS — Greystar is underway on development of Album Keller Ranch, a 180-unit active adult apartment community that will be located at 5640 Keller Ranch Road in Fort Worth. The property will offer one- and two-bedroom residences with granite countertops, stainless steel appliances, tile backsplashes, walk-in closets and private balconies and pet yards in select units. Amenities will include an outdoor space with a lounge, kitchen, pool, dog park and walking paths, as well as an indoor fitness center, TV lounge, game room and a media room. Charleston, S.C.-based Greystar expects to open the community in spring 2021.
HOUSTON — Multifamily developer Wood Partners has opened Alta Med Main, a 338-unit apartment community located within the Texas Medical Center in Houston. The property features one- and two-bedroom units and amenities such as a pool, business center, dog park, sky lounge with a kitchen area, fitness center with a yoga studio and a package handling room. Leasing is underway, and the first move-ins began earlier this month. Rents start at $1,275 per month for a one-bedroom unit and $2,415 per month for a two-bedroom unit.
ALLEN, TEXAS — Crawford & Co., an Atlanta-based insurance servicer, has signed a 70,000-square-foot office lease in the northeastern Dallas suburb of Allen. The company is occupying space at a two-story building at 830 S. Greenville Ave. that was built in the 1990s and formerly housed the operations of HIT Entertainment. Avison Young represented the undisclosed landlord in the lease negotiations.
DALLAS — Lone Star Holdings LLC has signed a 67,066-square-foot industrial lease expansion at 3276 Quebec St. in Dallas. According to LoopNet Inc., the property is situated on 4.4 acres in the West Brookhollow submarket and totals 128,240 square feet. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the landlord, AEW Capital Management, in the lease negotiations. Jackson Hill with Fischer Co. represented the tenant.