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The-Link-at-Uptown-Dallas
AcquisitionsOfficeTexas

Newmark Arranges $218M Sale of Link at Uptown Office Building in Dallas

by Taylor Williams

DALLAS — Newmark has arranged the $218 million sale of The Link at Uptown, a 25-story office building in Dallas. Completed in 2021, The Link at Uptown spans 292,000 square feet and is home to tenants such as Houlihan Lokey, PMG and McGuireWoods. Amenities include a customer lounge, fitness and conference centers and an outdoor terrace with an activity lawn. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller and developer, Kaizen Development Partners, in the transaction. The buyer was Atlanta-based REIT Cousins Properties (NYSE: CUZ). The property was approximately 94 percent leased at the time of sale.

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AMLI-North-Park-Austin
DevelopmentMultifamilyTexas

AMLI Residential Completes 360-Unit Multifamily Project in Austin’s Mueller District

by Taylor Williams

AUSTIN, TEXAS — AMLI Residential has completed a 360-unit multifamily project in Austin’s Mueller District, which is a 700-acre mixed-use redevelopment of a former municipal airport campus. Designed by HLR Architects and O’Brien Architects, AMLI North Park offers studio, one- and two-bedroom units with stainless steel appliances and individual washers and dryers. Amenities include a pool, fitness center, putting green, outdoor grilling and dining areas, sky lounge and makers’ and coworking spaces within a 2,500-square-foot clubroom. Rents start at $1,945 per month for a studio apartment.

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IndustrialLeasing ActivityTexas

Texas Logistic & Fulfillment Services Signs 299,731 SF Industrial Lease in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — Texas Logistic & Fulfillment Services has signed a 299,731-square-foot industrial lease in Sugar Land, a southwestern suburb of Houston. The third-party logistics company will occupy the entirety of the building at 12900 W. Airport Blvd., which according to LoopNet Inc. was constructed in 1998. The facility also features a cross-dock configuration and 11,600 square feet of office space. Joseph Smith and Pearce Martens of CBRE represented the tenant in the lease negotiations. Denver-based Sagard Real Estate owns the property.

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AcquisitionsMultifamilyTexas

Colliers Brokers Sale of 87-Unit Apartment Building in Texas City, Texas

by Taylor Williams

TEXAS CITY, TEXAS — Colliers has brokered the sale of Shoal Pointe Apartments, an 87-unit multifamily building in Texas City, located southeast of Houston. Built in 1970 and partially renovated in 2020, Shoal Pointe comprises nine buildings on a 2.5-acre site. Residences come in one-, two- and three-bedroom floor plans. Bob Heard, Chip Nash and Jaleel Adatia of Colliers brokered the deal. The name of the buyer, a private investor, as well as the seller and sales price, were not disclosed.

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Leasing ActivityRetailTexas

Barnes & Noble to Open 18,000 SF Store at Alamo Ranch in San Antonio

by Taylor Williams

SAN ANTONIO — Barnes & Noble will open an approximately 18,000-square-foot store at Alamo Ranch, a 900,000-square-foot retail power center located on the west side of San Antonio. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Alamo Ranch, which is also home to tenants such as Best Buy, Dick’s Sporting Goods, Ross Dress for Less and Marshalls. A tentative opening date was not disclosed.

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Allure-Apartments-San-Antonio
AcquisitionsDevelopmentMultifamilyTexas

Platte Canyon Capital Buys 268-Unit Allure Apartments in San Antonio, Plans $4.7M Renovation

by Taylor Williams

SAN ANTONIO — Denver-based investment firm Platte Canyon Capital has purchased Allure Apartments, a 268-unit multifamily complex in San Antonio. The property was developed in phases on an 11.5-acre site on the city’s west side, with the first 116 units constructed in 1984 and another 152 delivered in 2017. Units come in one-, two- and three-bedroom floor plans. Amenities include a pool, fitness center, clubhouse, playground and grilling areas. Platte Canyon acquired Allure Apartments in partnership with an unnamed, Los Angeles-based institutional investment company in an off-market transaction. The new ownership plans to invest about $4.7 million in capital improvements to the property.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 39,618 SF Shopping Center in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of Keller Springs Village, a 39,618-square-foot shopping center located in the northern Dallas metro of Carrollton. The 17-suite center sits on a 3.2-acre site at 2155 Marsh Lane and was fully leased at the time of sale to a mix of service-oriented tenants. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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IndustrialLeasing ActivityTexas

Fashion Wheels Signs 33,376 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams

HOUSTON — Fashion Wheels Inc. has signed a 33,376-square-foot industrial lease renewal in northwest Houston. The apparel wholesaler will remain a tenant at the building at 7108 Old Katy Road, which according to LoopNet Inc. was originally constructed in 1999 and totals 192,960 square feet. Chase McAteer of local brokerage firm Oxford Partners represented the tenant in the lease negotiations. Faron Wiley of CBRE represented the landlord, PGIM Real Estate.

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Leasing ActivityRetailTexas

Barnes & Noble to Open 20,000 SF Store at Southpark Meadows in South Austin

by Taylor Williams

AUSTIN, TEXAS — Barnes & Noble will open an approximately 20,000-square-foot store at Southpark Meadows, a regional power center located along I-35 in South Austin. The book retailer is backfilling a space previously occupied by Office Max with one of its smaller-format stores. Charlotte-based Big V Property Group owns Southpark Meadows, which is also home to tenants such as Walmart, Target, PetSmart, Ulta Beauty, Old Navy, J.C. Penney and Marshalls. A tentative opening date was not disclosed.

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AcquisitionsRetailTexas

Scarborough Commercial Arranges Sale of 16,250 SF Retail Center in Longview, Texas

by Taylor Williams

LONGVIEW, TEXAS — Locally based firm Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 N. Eastman Road in the East Texas city of Longview. The center was 93 percent leased at the time of sale to tenants such as Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.

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