Texas

Mercedes-Benz Financial Opens 200,000 SF Business Center at AllianceTexas in Fort Worth

by Taylor Williams June 3, 2019

FORT WORTH, TEXAS — Mercedes-Benz Financial Services USA LLC, the automotive financing arm of Daimler Financial Services Group, has opened a 200,000-square-foot business center at AllianceTexas in Fort Worth. The facility features amenities such as a fitness center, onsite café, basketball court, jogging trails and outdoor dining areas. Hillwood, the master developer of AllianceTexas, broke ground on the build-to-suit office project in February 2018. Mercedes-Benz Financial Services has maintained a presence at the 26,000-acre development since 2017, and company officials estimate that the opening of this facility will keep about 900 direct or indirect jobs in Fort Worth.

June 3, 2019

Development Retail Texas

Harvey Completes Construction of 162,500 SF Nissan Car Dealership in Houston

by Taylor Williams June 3, 2019

HOUSTON — Harvey Construction has completed Central Houston Nissan, a 162,500-square-foot property that will serve as the hub for Central Automotive Group, which comprises an additional three of the Japanese carmaker’s Houston dealerships. The grand opening of the dealership, which is located at 2901 S. Loop West and will employ more than 200 people, will be held June 12. Kirksey Architects designed the 16-acre property, which will offer customers an array of amenities and services, including two coffee bars, three lounges, a children’s play area and an entertainment center.

June 3, 2019

Loans Multifamily Texas

Dougherty Arranges Acquisition Financing for 154-Unit Apartment Community in Metro Dallas

by Taylor Williams June 3, 2019

GARLAND, TEXAS — Dougherty Mortgage has arranged an undisclosed amount of acquisition financing for The Hills of Palos Verdes, a 154-unit multifamily community in Garland, located northeast of Dallas. The property was built in 1983 and spans eight three-story residential building and one auxiliary building. Amenities include a pool, fitness center, playground and outdoor grilling areas. Dougherty arranged the loan in partnership with Old Capital Lending on behalf of the undisclosed borrower.

June 3, 2019

Development Office Retail Texas

Gordon Partners to Undertake 35,000 SF Retail, Office Expansion Project in Conroe, Texas

by Taylor Williams June 3, 2019

CONROE, TEXAS — Houston-based Gordon Partners will soon begin construction of Phase II of Waterpoint Center, a mixed-use development located along the southern shore of Lake Conroe, about 40 miles north of Houston. Plans for Phase II include the development of an additional 35,000 square feet of retail, office and restaurant space, as well as the expansion of the marina to include an additional 70 boat slips. Construction is expected to be complete in the second quarter of 2020.

June 3, 2019

Acquisitions Multifamily Texas

Greystone Brokers Sale of Two Apartment Properties Totaling 313 Units in Fort Worth

by Taylor Williams June 3, 2019

FORT WORTH, TEXAS — Greystone has brokered the sale of La Hacienda and Ederville, two apartment properties totaling 313 units in Fort Worth. Both communities are located on the eastern side of the city. Mark Allen of Greystone represented the seller and procured the out-of-state buyer, which will implement a value-add program, in the transaction. Additional terms of sale were not disclosed.

June 3, 2019

Development Multifamily Texas

Allied Orion Breaks Ground on 281-Unit Apartment Community in New Braunfels

by Taylor Williams May 31, 2019

NEW BRAUNFELS, TEXAS — Allied Orion Group has broken ground on The Retreat at Creekside, a 281-unit multifamily community in New Braunfels, located northeast of San Antonio. Designed by Steinberg Dickery Collaborative LLP, the property will be located within the 400-acre Creekside Town Center master-planned development. Floor plans range from one- to three-bedroom apartments that offer between 722 and 1,440 square feet of living space. Units will feature granite countertops, stainless steel appliances and private balconies or patios. Amenities will include a pool, outdoor grilling areas, a fitness center, resident clubhouse with a cyber lounge and a dog park. The opening is slated for December 2020.

May 31, 2019

Development Office Texas

Cawley Partners to Develop 300,000 SF Spec Office Building in Plano

by Taylor Williams May 31, 2019

PLANO, TEXAS — Dallas-based development and management firm Cawley Partners will develop a 300,000-square-foot speculative office building at The Campus at Legacy West, a 105-acre mixed-use development in Plano. Designed by Morrison Dillworth + Walls, the 15-story property will be situated at 6333 Legacy Drive at the main entrance to the Legacy West. Amenities will include a fitness center, restaurant, bar and a conference center. Avison Young will handle leasing of the building. A construction timeline has not yet been released.

May 31, 2019

Development Office Oklahoma Texas

Woodside Capital Begins Renovation of 100,000 SF Office Complex in Oklahoma City

by Taylor Williams May 31, 2019

OKLAHOMA CITY — Fort Worth-based Woodside Capital Group has begun a $6 million renovation project at LakePointe Towers, a two-building office complex in Oklahoma City. The assets feature nearly 100,000 square feet available for lease. Woodside, which acquired the properties in fall 2018, has already completed upgrades to the parking areas, as well as added new paint, roofs and building chillers. Ongoing improvements include updates to the lobbies, restrooms, signage and landscaping. CBRE will market LakePointe Towers for Woodside following completion of the project.

May 31, 2019

Industrial Leasing Activity Texas

NAI Partners Arranges 19,260 SF Industrial Lease in Houston

by Taylor Williams May 31, 2019

HOUSTON — NAI Partners has arranged a 19,260-square-foot industrial lease for Alpha Insulation & Waterproofing, a provider of select construction services, at 14820 Tomball Parkway in Houston. According to LoopNet Inc., the newly constructed property spans 54,738 square feet of divisible space. Darren O’Conor and Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

May 31, 2019

Leasing Activity Office Texas

NKF Negotiates 10,365 SF Office Lease in Uptown Dallas

by Taylor Williams May 31, 2019

DALLAS — Newmark Knight Frank (NKF) has negotiated a 10,365-square-foot office lease for Kansas City-based law firm Lathrop Gage at Rosewood Court in the Uptown area of Dallas. The new office is the firm’s 10th in the country. Garrison Efird and Paxton Cooksey of NKF represented Lathrop Gage in the lease negotiations. David Zimmer and Scott Bluhm of Newmark Grubb Zimmer, an affiliate office of NKF, also worked on the deal. Haley Collard and Joe Dunne represented the landlord, Rosewood Property Co., on an internal basis.

May 31, 2019

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