Texas

ClearWorth Capital Acquires 284-Unit Apartment Community in Houston

by Taylor Williams October 30, 2018

HOUSTON — ClearWorth Capital LLC has acquired The Edge at City Centre, a 284-unit multifamily community located near the Texas Medical Center in Houston. The property was built in 1983 and features a mix of one- and two-bedroom units averaging 765 square feet. Amenities include two pools, a business center, fitness center and Wi-Fi lounge. Chris Young, Joey Rippel and Connor Phillips of HFF represented ClearWorth Capital and the seller, 29th Street Capital, in the transaction. The Edge at City Centre was 94 percent occupied at the time of sale.

October 30, 2018

Leasing Activity Retail Texas

RealtyLink Unveils New Tenants at 270,000 SF Retail Center in Terrell, Texas

by Taylor Williams October 30, 2018

TERRELL, TEXAS — RealtyLink LLC, a developer specializing in retail and restaurant properties, has unveiled the latest round of tenants that will open stores at Crossroads at Terrell, a 270,000-square-foot center being developed about 30 miles east of Dallas. The newest retailers, which are expected to open their stores during the third quarter of 2019, include Petco, GoWireless and Sport Clips. Previously announced tenants at the center include Hobby Lobby, Five Below, Marshalls and Rack Room Shoes. CBRE is marketing the center for lease.

October 30, 2018

Industrial Leasing Activity Texas

Newsom Design Extends 119,083 SF Industrial Lease in Metro Dallas

by Taylor Williams October 30, 2018

FARMERS BRANCH, TEXAS — Newsom Design LLC, which produces building signage and other marketing materials, has extended its 119,083-square-foot industrial lease at 13780 Benchmark Drive in Farmers Branch, a northern suburb of Dallas. Blake Kendrick of Stream Realty Partners represented the landlord, DRA Advisors, in the lease negotiations. Landry Commercial Inc. represented the tenant.

October 30, 2018

Development Retail Texas

Edifis Group to Reopen 95,295 SF Redeveloped Shopping Center in Texas City

by Taylor Williams October 30, 2018

TEXAS CITY, TEXAS — On Nov. 12, Houston-based Edifis Group will reopen Palmer Plaza, a 95,295-square-foot shopping center in Texas City, about 40 miles southeast of Houston. In 2016, Edifis Group purchased the property, which was originally built in 1987, and upgraded its landscaping, decorative lighting and signage. New and future tenants at the redeveloped center include Aldi, Ross Dress for Less and Chick-fil-A.

October 30, 2018

Acquisitions Office Texas

NAI Partners Negotiates Sale of 68,794 SF Office Building in Houston

by Taylor Williams October 30, 2018

HOUSTON — NAI Partners has negotiated the sale of a 68,794-square-foot office building located at 1155 Brittmoore Road in Houston. The property was built in 1978, according to LoopNet Inc. Jon Silberman of NAI Partners represented the buyer, Endeavor Behavioral, in the transaction. Additional terms of sale were not disclosed.

October 30, 2018

Texas

Houston’s 2018 Nonresidential Construction Starts Down 5 Percent Year-Over-Year

by Taylor Williams October 29, 2018

HOUSTON — The volume of nonresidential construction starts in the Houston-Baytown-Sugar Land metropolitan area has declined by 5 percent year-over-year, according to a recent report from Dodge Data & Analytics. The report also noted that residential construction starts in the metro have increased by 30 percent year-over-year. For the month of September, the value of Houston’s new nonresidential construction starts was approximately $479 million, down from $569 million in September 2017, a decrease of 16 percent.

October 29, 2018

Development Multifamily Student Housing Texas

Lincoln Ventures Breaks Ground on 239-Bed Student Housing Community in Austin

by Taylor Williams October 29, 2018

AUSTIN, TEXAS — Austin-based Lincoln Ventures has broken ground on The Ruckus 2.0, a 239-bed student housing community serving the University of Texas at Austin. The 67-unit property is located at 2401 Rio Grande St. and features amenities such as a gym, sky lounge, study lounge, conference rooms and package service. Completion is slated for fall 2019.

October 29, 2018

Industrial Leasing Activity Texas

Door Manufacturer Signs 172,120 SF Industrial Lease in Irving

by Taylor Williams October 29, 2018

IRVING, TEXAS — Chase Industries, a Cincinnati-based manufacturer of custom traffic doors, has signed a 172,120-square-foot industrial lease within Liberty Park GSW in Irving. The company will occupy all of Building 1, the shell construction of which is expected to be complete this week. Kurt Griffin, Nathan Orbin and David Eseke of Cushman & Wakefield represented the landlord, Liberty Property Trust, in the lease negotiations. Colliers International represented Chase Industries.

October 29, 2018

Acquisitions Multifamily Texas

SVN Negotiates Sale of 155-Unit Apartment Community in North Houston

by Taylor Williams October 29, 2018

HOUSTON — SVN | Investment Sales Group has negotiated the sale of The Alara, a 155-unit apartment community in north Houston. The Class B property offers one- and two-bedroom units and amenities such as a pool, playground and a business center. Mark Allen and Todd Franks of SVN represented the seller and procured the buyer, both of which were out-of-state investors, in the transaction.

October 29, 2018

Development Industrial Texas

Goodyear Tire to Open 1.2 MSF Industrial Facility in Metro Dallas

by Taylor Williams October 26, 2018

FORNEY, TEXAS — Goodyear Tire Co. will open a 1.2 million-square-foot warehouse and distribution center in Forney, a city located about 20 miles east of Dallas, according to a recent announcement from the Forney City Council. The property will be situated on 102 acres at the corner of South Gateway Boulevard and U.S. Highway 80. According to local media sources, a developer for the project, which is expected to create up to 160 new jobs, has not yet been named.

October 26, 2018

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