Texas

Link Logistics Completes 778,950 SF Industrial Project in The Colony, Texas

by Taylor Williams January 17, 2024

THE COLONY, TEXAS — New York City-based Link Logistics has completed the second and final phase of Live Oak Logistics, an industrial project in the northern Dallas suburb of The Colony that added 778,950 square feet of space across four buildings to the local supply. The Phase II buildings range in size from 115,920 to 395,000 square feet, feature clear heights as high as 36 feet and can support manufacturing, warehousing and distribution users. GSR Andrade designed the project, and MW Builders served as the general contractor.

January 17, 2024

Development Office Texas

Midway Unveils Plans for 320,000 SF Office Building at CITYCENTRE in West Houston

by Taylor Williams January 17, 2024

HOUSTON — Midway has unveiled plans for a 320,000-square-foot office building within the locally based developer’s CITYCENTRE mixed-use destination in West Houston. The 19-story building, which will be known as CITYCENTRE Six, will sit on a nine-story podium parking structure and include 12,000 square feet of retail and restaurant space. Midway has also secured an undisclosed anchor tenant to occupy 65 percent of the office space. The design team includes architect of record Kirksey, Munoz + Albin Architecture & Planning and OJB Landscape Architecture. Construction is scheduled to begin in the second quarter and to be complete in 2026.

January 17, 2024

Acquisitions Multifamily Texas

Greysteel Arranges Sale of 64-Unit Kings Landing Apartments in Mansfield, Texas

by Taylor Williams January 17, 2024

MANSFIELD, TEXAS — Greysteel has arranged the sale of Kings Landing, a 64-unit apartment complex located in the southern Fort Worth suburb of Mansfield. The property was built in phases between 1975 and 1985 and was fully occupied at the time of sale. Units come in one- and two-bedroom floor plans with an average size of 765 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller, an entity doing business as 1300 Dallas LLC, in the transaction. The duo also secured the buyer Tri-City Equity Group, which plans to implement a value-add program.

January 17, 2024

Development Retail Texas

GBT Realty to Develop 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams January 17, 2024

KYLE, TEXAS — GBT Realty Corp., a developer based in metropolitan Nashville, will build The Shops at The Brick & Mortar District, a 42,000-square-foot shopping in the southern Austin suburb of Kyle. A 23,250-square-foot Sprouts Farmers Market grocery store will anchor the center, which will be situated within the 2,200-acre Plum Creek master-planned development. Vertical construction is scheduled to begin this quarter, and completion is slated for spring 2025.

January 17, 2024

Development Industrial Texas

Constellation Real Estate to Develop 537,375 SF Industrial Project in Northwest Houston

by Taylor Williams January 16, 2024

HOUSTON — Constellation Real Estate Partners has acquired 25.8 acres at 6401 N. Eldridge Parkway in northwest Houston for the development of a 537,375-square-foot industrial project. Designed by Seeberger Architecture, Constellation Eldridge will feature 40-foot clear heights, 127 trailer parking spaces and an ESFR sprinkler system. The developer has tapped CBRE as the leasing agent. Construction will begin in the first quarter with the demolition of an existing administrative building on the site, and delivery is slated for the fourth quarter.

January 16, 2024

Acquisitions Industrial Self-Storage Texas

Versal Arranges Sale of 309-Unit Self-Storage Facility in Rockport, Texas

by Taylor Williams January 16, 2024

ROCKPORT, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Stowaway Storage, a 309-unit facility in Rockport, located about 35 miles northeast of Corpus Christi in South Texas. The facility spans 34,626 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Texas-based investment firm Curren Cos. Inc., in the transaction. The team also procured the undisclosed, Texas-based private buyer.

January 16, 2024

Loans Multifamily Texas

Colliers Mortgage Provides Agency Acquisition Loan for 100-Unit Apartment Complex in Fort Worth

by Taylor Williams January 16, 2024

FORT WORTH, TEXAS — Colliers Mortgage has provided a Fannie Mae loan of an undisclosed amount for the acquisition of Northwood Apartment Homes, a 100-unit multifamily complex in Fort Worth. Built in 1972, the garden-style property consists of six two-story buildings and one clubhouse, as well as onsite laundry facilities and outdoor grilling and dining stations. Fritz Waldvogel of Colliers Mortgage originated the five-year loan through a partnership with Old Capital Lending. The borrower was not disclosed.

January 16, 2024

Industrial Lee & Associates Texas

Used Bikes Direct Signs 22,630 SF Industrial Lease in Houston

by Taylor Williams January 16, 2024

HOUSTON — Used Bikes Direct, which sells pre-owned motorcycles, has signed a 22,630-square-foot industrial lease in Houston. The building at 16445 North Freeway was constructed on 1.4 acres in 1982 and formerly served as a furniture store and warehouse. Judy Beebe and Chris Klein of Colliers represented the tenant in the lease negotiations. Zane Carmen and Clay Pritchett of Partners Real Estate represented the landlord, an entity doing business as Bet Ezra LLC.

January 16, 2024

Leasing Activity Restaurant Retail Texas

Chalo India to Open 10,000 SF Grocery Store, Café in Frisco

by Taylor Williams January 16, 2024

FRISCO, TEXAS — Chalo India will open a 10,000-square-foot Indian grocery store and café at The Shops at Panther Creek in Frisco. Thurston Witt of CBRE represented Chalo India in the lease negotiations. Tim McNutt of DBA Commercial Real Estate represented the landlord, Dallas-based GreenRoad Development Construction LLC. The opening is scheduled for May.

January 16, 2024

Acquisitions Multifamily Texas

Reap Capital Buys 288-Unit Brookside Apartments in Arlington

by Taylor Williams January 15, 2024

ARLINGTON, TEXAS — Locally based private equity firm Reap Capital has acquired Brookside Apartments, a 288-unit multifamily community in Arlington. Brookside comprises 22 buildings that house one- and two-bedroom units. Amenities include a pool, fitness center, outdoor grilling and dining stations, a business center, playground, pet park and onsite laundry facilities. Wesley Racht, Nick Fluellen, Bard Hoover and Chris Pearson of Marcus & Millichap represented the undisclosed seller in the transaction and procured Reap Capital as the buyer.

January 15, 2024

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