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Alliance-Westport-14-Fort-Worth
DevelopmentIndustrialTexas

Hillwood to Develop 766,994 SF Industrial Project at AllianceTexas in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood will develop Alliance Westport 14, a 766,994-square-foot industrial project that will be located within the 27,000-acre AllianceTexas master-planned community in North Fort Worth. Alliance Westport 14 will feature 40-foot clear heights, 185-foot truck court depths and parking for 306 cars and 196 trailers (expandable to 500 or 312, respectively). GSR Andrade is the project architect, and Hillwood Construction Services is the general contractor. Frost Bank provided construction financing. The groundbreaking is set for June, and completion is slated for the second quarter of 2025.

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The-District-at-SoCo-Austin
LoansMultifamilyNorthmarqTexas

Northmarq Provides $23.6M Agency Acquisition Loan for Austin Apartment Complex

by Taylor Williams

AUSTIN, TEXAS — Northmarq has provided a $23.6 million Fannie Mae acquisition loan for The District at SoCo, a 215-unit apartment complex in Austin. The site at 501 E. Oltorf St. is located near the downtown area. The District at SoCo was built in 2012 and offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor kitchen and a dog park. Jesse Lemos of Northmarq originated the five-year, interest-only loan on behalf of the undisclosed borrower.

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Skyline-Park-Austin
CivicDevelopmentTexas

Brookfield Residential Completes 21-Acre Skyline Park in Austin

by Taylor Williams

AUSTIN, TEXAS — Brookfield Residential Properties has completed the 21-acre Skyline Park, located at 7800 Apogee Blvd. in the Easton Park neighborhood of Austin. Skyline Park offers views of downtown Austin, a bridge connection resembling the Pennybacker Bridge, a splash pad, an open lawn and two playgrounds designed to cater to children of a range of age groups. In addition, the park connects to a 13-mile network of walking trails. Project partners included landscape architect TBG, CBD civil engineering, Stanley Studio architects, PKA structural engineers and CMP project management consultants. A grand opening event took place on Saturday, May 4.

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DevelopmentMultifamilyTexas

Birge & Held, Pedcor Unveil $7M Renovation of Affordable Housing Complex in Lubbock

by Taylor Williams

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.

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DevelopmentIndustrialTexas

Anton Paar USA to Open 30,000 SF Regional Headquarters Facility in Houston

by Taylor Williams

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. Chad Bolling of Colliers represented Anton Paar USA in its site selection and purchase of the land. David Hightower represented Midway on an internal basis.

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AcquisitionsMultifamilyStudent HousingTexas

Landmark Properties Acquires 321-Bed Student Housing Property Near University of Texas at Austin

by Taylor Williams

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.

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Regatta-Apartments-Homes-San-Antonio
AcquisitionsMultifamilyNorthmarqTexas

Northmarq Brokers Sale of 200-Unit Apartment Complex in San Antonio

by Taylor Williams

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.

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Barbara-Jordan-Terminal-Austin-Bergstrom-International-Airport
CivicDevelopmentTexas

Whiting-Turner Begins 75,000 SF Expansion Project at Austin-Bergstrom International Airport

by Taylor Williams

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.

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IndustrialLeasing ActivityTexas

Mainfreight Signs 62,000 SF Industrial Lease in Haslet, Texas

by Taylor Williams

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.

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REI-Co-op-College-Station
Leasing ActivityRetailTexas

REI Co-op to Open 21,732 SF Store in College Station

by Taylor Williams

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.

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