Texas

Stratus Properties Closes $114M Sale of Retail Space in Greater Austin

by Taylor Williams February 22, 2017

LAKEWAY, TEXAS — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, an HEB Grocery Company L.P.-anchored, 236,739-square-foot retail development located in Lakeway, a city in the Lake Travis community of metro Austin. The buyer, FHF I Oaks at Lakeway LLC, purchased the property for a cash price of $114 million. At the time of sale, Stratus owned 100 percent of the property, which it acquired and developed between May 2013 and September 2014. The sale excludes 34.7 acres of tracts within the development that have been zoned for residential, hotel and civic uses.

February 22, 2017

Q10 KDH Secures $5M Loan for Multifamily Property in West Houston

by Taylor Williams February 22, 2017

HOUSTON — Commercial lender Q10 Kinghorn, Driver, Hough & Co. (Q10 KDH) has arranged a $5 million Small Balance Freddie Mac loan on a multifamily complex in West Houston that encompasses 122 units across 10 buildings. With a fixed interest rate of 4.4 percent, the 10-year loan will finance continued improvements to both the interiors and exteriors of the units. Community amenities include a leasing office/clubhouse, gated entry, on-site laundry facilities, pool, playground and a community grilling area. Q10 KDH Vice President Ryan Watson arranged the loan.

February 22, 2017

Industrial Texas

TMEIC, Lone Star Begin Construction on Industrial Facility in Katy

by Taylor Williams February 22, 2017

KATY, TEXAS — TMEIC Power Electronics Products Corp., a Tokyo-based partnership between Toshiba and Mitsubishi, has broken ground on a 45,000-square-foot industrial facility in Katy, a western suburb of Houston. Lone Star Construction is the general contractor for the facility, which is expected to open later this year. Roughly $6 million in capital expenditures has been earmarked for the project. Located off Grand Parkway in Energy Park West Business Park, the property will serve as a center of assembly, testing and packaging of photovoltaic inverters for the solar power market.

February 22, 2017

Retail Texas

Bright Realty Arranges Lease for Brewery in Lewisville

by Taylor Williams February 22, 2017

LEWISVILLE, TEXAS — Bright Realty has facilitated a lease for a new craft brewery in the Castle Hills Village Shops, located at 2560 King Arthur Blvd in Lewisville, a suburb about 25 miles northwest of downtown Dallas. TKO Libations, which anticipates opening this location in the summer, will sell both its own and its competitors’ beverages out of the 2,810-square-foot space while also offering numerous TVs and a variety of games. Jack Allen of Wellington Realty represented the tenant in the deal.

February 22, 2017

Office Texas

Yeager Properties Gets Green Light on Office Development in Metro Dallas

by Taylor Williams February 22, 2017

FLOWER MOUND, TEXAS — Yeager Properties has been approved by The Town of Flower Mound to bring new office suites to the town, which is situated on the outskirts of Dallas. The designated location at 3611 Cross Timbers Road will feature roughly 40,000 square feet of office space capable of accommodating as many as 400 people. An additional plot of 8,665 square feet has been reserved as add-on space for two unnamed restaurants. Yeager, which already has a presence in Plano, Frisco and Allen, plans to deliver the new office space this November

February 22, 2017

Office Texas

Peloton Land Solutions Relocates Headquarters to AllianceTexas, Taps New Principal

by John Nelson February 21, 2017

FORT WORTH, TEXAS — Peloton Land Solutions, a Fort Worth-based consulting and engineering firm, has moved its corporate headquarters to Alliance Town Center, Hillwood Commons I in Fort Worth. The company has leased more than 11,000 square feet of the Class A office complex, located within the city’s 900-acre, mixed-use business community, AllianceTexas. Peloton has also appointed Travis Clegg as its new business development manager.

February 21, 2017

Industrial Texas

St. Clair Commercial Realty Purchases Seven Industrial Buildings in Austin

by John Nelson February 21, 2017

AUSTIN, TEXAS — St. Clair Commercial Realty (SCCR) has purchased seven industrial buildings totaling 211,000 square feet on Techni Center Drive in Austin. While all buildings are located on separate parcels and vary in size from 3,600 to 36,000 square feet, the firm intends to collectively rebrand them as the “Techni Center Business Park.” Ryan Wilson and Matt Fain of Equitable Commercial Realty procured the sale for SCCR and have been retained to handle leasing as well.

February 21, 2017

Office Retail Texas

Coldwell Banker Secures Sale of Former Star-Telegram Plaza in Arlington

by John Nelson February 21, 2017

ARLINGTON, TEXAS — American Motorcycle Trading Co., a supplier of pre-owned motorcycles, has acquired the former Star-Telegram Plaza, a two-story, 37,800-square-foot building at 3201 Airport Freeway in Arlington. At the time of sale, the property, which includes both office and retail space, had been vacant for a full year. Renee Efimoff represented the buyer of record, B&B Family Partnership, while Greg Hoffman of Colliers International represented the seller, Aberfeldy Properties Inc., a Delaware-based corporation.

February 21, 2017

Multifamily Texas

JLL Finalizes Sale of Multifamily Property in Temple, Texas

by John Nelson February 21, 2017

TEMPLE, TEXAS — JLL Capital Markets has completed the sale of the Brentwood Apartments, a 128-unit, garden-style multifamily complex located at 3000 W. Adams Ave. in Temple, to RDO Properties LLC. Featuring a swimming pool, clothing care center and covered parking space, the complex is situated on 12.8 acres that were included in the purchase. JLL’s Scott LaMontagne, Moses Siller and Zar Haro represented the seller, the Estate of Leonard Apt, in the transaction. Proceeds from the sale will be donated to the Jules Stein Eye Institute at UCLA’s Department of Pediatric Ophthalmology.

February 21, 2017

Healthcare Texas

The Silver Group Brokers Sale of Single-Tenant Investment Property in Metro San Antonio

by John Nelson February 21, 2017

NEW BRAUNFELS, TEXAS — The Silver Group has arranged the sale of a 2.1-acre parcel featuring a 12,000-square-foot facility at 244 Creekside Crossing in New Braunfels, a northern suburb of San Antonio. Christus Santa Rosa Healthcare most recently leased the property, which shares the intersection of Interstate 35 and FM 306 with the Town Center at Creekside and Resolute Hospital. The Silver Group represented both the buyer and the seller, whose names were not disclosed.

February 21, 2017

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