Texas

KWA Construction Breaks Ground on $46M Apartment Project in Irving

by John Nelson September 4, 2019

IRVING, TEXAS — Locally based general contractor KWA Construction has broken ground on Legacy Lakeshore, a 293-unit apartment project in Irving. California-based Legacy Partners is developing the $46 million project, which will be situated on 3.4 acres near Lake Carolyn in the city’s Las Colinas district. Units at Legacy Lakeshore will range in size from 580 to 1,945 square feet, and amenities will include a pool, outdoor kitchen areas, fitness center and a spa, as well as paddleboards and kayaks for resident use. Completion is scheduled for July 2021.

September 4, 2019

Acquisitions Industrial Texas

Stream Negotiates Sale of 48,993 SF Industrial Building in Dallas

by John Nelson September 4, 2019

DALLAS — Stream Realty Partners has negotiated the sale of a 48,993-square-foot industrial building located at 410-440 Hillburn Drive in Dallas. According to LoopNet Inc., the property was built in 1984 and is zoned for manufacturing. Ryan Boozer and Drew Feagin of Stream Realty Partners represented the undisclosed seller in the transaction. CBRE represented the buyer, Jona Real Estate LLC.

September 4, 2019

Leasing Activity Retail Texas

Ollie’s Outlet Bargain Opens 39,000 SF Store in Fort Worth

by John Nelson September 4, 2019

FORT WORTH, TEXAS — Discount merchandiser Ollie’s Bargain Outlet has opened a 39,000-square-foot store at Camp Bowie West Center, a shopping center in Fort Worth. The property, which is currently undergoing a renovation project to upgrade facades, lighting and landscaping, offers proximity to both Interstates 30 and 820. Todd Hubbard, Jon McDaniel and Bobby Montgomery of NAI Robert Lynn represented the landlord, Sutherland Building Material Centers, in the lease negotiations. Ollie’s carries goods in more than 15 categories, including electronics, flooring and toys. Earlier this year, the retailer opened a 615,060-square-foot distribution hub in nearby Lancaster, Texas.

September 4, 2019

Development Industrial Office Texas

Talley Riggins Underway on 32,000 SF Office, Warehouse Project Near Fort Worth

by John Nelson September 4, 2019

GRAPEVINE, TEXAS — General contractor Talley Riggins Construction Group is underway on a 32,000-square-foot, build-to-suit office and warehouse project in Grapevine, a suburb of Fort Worth. The space will serve as the new headquarters for HVAC supplier McMillan James Equipment Co. The building features office space for over 100 employees, a covered roof terrace, covered parking and an approximately 10,000 square-foot warehouse. Dallas-based Merriman Anderson Architects served as the architect and interior designer on the project.

September 4, 2019

Development Retail Texas

NewQuest Begins Construction on 15,560 SF Retail Project in Metro Austin

by John Nelson September 4, 2019

HUTTO, TEXAS — Houston-based NewQuest Properties has begun construction on a two-building retail project that will add 15,560 square feet of new space to Hutto, a northern suburb of Austin. The project represents Phase II of Townwest Commons, a 32-acre retail center that is anchored by Lowe’s Home Improvement and fronts State Highway 79. Phase II of Townwest Commons is expected to be complete in early 2020.

September 4, 2019

Loans Multifamily Texas

Hunt Provides $5.4M Loan for Refinancing of Multifamily Asset in Kenedy, Texas

by Taylor Williams September 3, 2019

KENEDY, TEXAS — Hunt Real Estate Capital has provided a $5.4 million Fannie Mae loan for the refinancing of Kenedy Heights Apartments, a 72-unit multifamily asset located about 60 miles southeast of San Antonio. Built in 2015, the property consists of 24 one-bedroom units, 40 two-bedroom units and eight three-bedroom units that were 98 percent occupied at the time of the loan closing. Amenities include a clubhouse with offices, sport court, community barbecue grills, onsite laundry facilities, a fitness center, a business center with WiFi and a playground. David Aycock of D. Ansley Co. Inc. arranged the seven-year, floating-rate loan with Hunt on behalf of sponsor Kenedy Heights LLC.

September 3, 2019

Acquisitions Retail Texas

Marcus & Millichap Arranges Sale of 8,723 SF Retail Strip Center Near Dallas

by Taylor Williams September 3, 2019

SACHSE, TEXAS — Marcus & Millichap has arranged the sale of Brookview Center, an 8,723-square-foot retail strip property located in Sachse, a northeastern suburb of Dallas. Philip Levy and Connor Zmolik of Marcus & Millichap represented the seller, a private investor, in the transaction. The property was built in 1985 and was fully occupied at the time of sale. All tenants are signed to triple-net leases.

September 3, 2019

Industrial Leasing Activity Texas

Holt Lunsford Secures 20,000 SF Industrial Lease in Fort Worth

by Taylor Williams September 3, 2019

FORT WORTH, TEXAS — Dallas-based Holt Lunsford Commercial has secured a 20,000-square-foot industrial lease at Mercantile Distribution Center in Fort Worth. Thomas Grafton and George Jennings with Holt Lunsford represented the tenant in the lease negotiations. Andrew Ward with Mercantile Partners represented the landlord.

September 3, 2019

Leasing Activity Life Sciences Office Texas

Biotech Firm Signs 18,780 SF Office Lease Renewal in Houston

by Taylor Williams September 3, 2019

HOUSTON — Celltex Therapeutics, a locally based biotechnology firm, has signed an 18,780-square-foot office lease renewal at 2401 Fountain View Drive in Houston. Justin Brasell of Transwestern represented the tenant in the lease negotiations. Jack Parsons of locally based brokerage firm Finial Group, which also manages the property, represented the undisclosed landlord.

September 3, 2019

Leasing Activity Office Texas

JLL Negotiates 14,000 SF Office Lease in Houston

by Taylor Williams September 3, 2019

HOUSTON — JLL has negotiated a 14,000-square-foot office lease at M-K-T, a mixed-use development by Triten Real Estate Partners and Radom Capital LLC that is located in The Heights area of Houston. Russell Hodges, Bubba Harkins, and Jenny Mueller of JLL handled the transaction on behalf of the landlord. The tenant, accounting firm Miller Grossbard Advisors LLP, will relocate in the second quarter of 2020. M-K-T is a collection of adapted industrial buildings being transformed into a creative mixed-use destination for office, retail, restaurants, health and fitness.

September 3, 2019

Newer Posts

Older Posts