Texas

NewQuest to Expand Carrollton Town Center in Metro Dallas

by Haisten Willis November 17, 2015

CARROLLTON, TEXAS — NewQuest Properties is set to expand the 154,863-square-foot Carrollton Town Center, where a $7 million redevelopment is attracting the first stores in Texas for several Asian brands. NewQuest bought the shopping center at 2540 Old Denton Road in spring 2014 and began redevelopment in June of the same year. The Houston-based developer has acquired 4.7 acres across the street for a second phase. Engineering work has begun for the shopping center’s expansion at the intersection of President George Bush Turnpike and Old Denton Road. New tenants include California-based 99 Ranch Market, a specialty grocer catering to the Asian-American community, Gen Korean BBQ House and Kula, a revolving sushi bar which will total 3,111 square feet.

November 17, 2015

Anthracite, Bennett Benner Select Balfour Beatty to Build Fort Worth High-Rise

by Haisten Willis November 17, 2015

FORT WORTH, TEXAS — Anthracite Realty Partners and Bennett Benner Partners have selected Balfour Beatty Construction to provide construction services for a high-rise in downtown Fort Worth. Balfour Beatty is engaged in shaping the project’s final scope and contract, which includes the core, shell and interior finish-out of the 25-story, 323,415-square-foot Class A commercial office tower at 640 Taylor St., which will be known as 640 Taylor. The mixed-use tower will include ground-floor retail shops, a 12th-floor lobby and conference center and an eatery featuring a 3,400-square-foot dining deck overlooking Sundance Square and Burnett Park. Adjacent to the eatery will be a 3,200-square-foot roof garden. Scheduled for completion in December 2017, 640 Taylor will be the seventh tallest building in Fort Worth and the first one to exceed 200 feet since 2009. The project will include 900 new parking spaces.

November 17, 2015

Retail Texas

Cabela’s to Open New Location Near Fort Bliss

by Haisten Willis November 17, 2015

EL PASO, TEXAS — Freedom Crossing at Fort Bliss, the first open-air shopping center on a military installation, will be opening a Cabela’s seasonal store in time for holiday shopping. The 10,000-square-foot store will also include access to the full spectrum of Cabela’s products in-store via Cabelas.com. The Freedom Crossing Cabela’s location will offer soft goods, shoes, hunting gear, outdoors equipment and gifts. In addition to Freedom Crossing at Fort Bliss, Cabela’s will open seasonal locations this year with The Army & Air Force Exchange Service (AAFES) at Fort Hood, Texas and Fort Leonard Wood, Mo.

November 17, 2015

Office Texas

M&M Arranges Sale of 26,735 SF Office Property in Houston

by Haisten Willis November 17, 2015

HOUSTON — Marcus & Millichap has arranged the sale of Devon Office Park, a 26,735-square-foot building located in Houston. Derek Hargrove and Justin Miller of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a Houston-based private investor. Juan Cuevas, a senior associate in Marcus & Millichap’s Houston office, secured the buyer, an out-of-state private investor utilizing a 1031 tax-deferred exchange. Devon Office Park is located at 17300 El Camino Real in Houston.

November 17, 2015

texas-A&M-university-TAMU-Agriculture-&-LifeSciences

Life Sciences Multifamily Student Housing Texas

Skanska Breaks Ground on $21M Agriculture & Life Science Building at Texas A&M University

by Haisten Willis November 17, 2015

COLLEGE STATION, TEXAS — Skanska USA has been awarded a $21 million contract with Texas A&M University to oversee the construction of the Agriculture & Life Science Building 4. The project broke ground on Nov. 13 and it will be completed in February 2017. The five-story, 80,000-square-foot building will house the university’s Department of Wildlife and Fisheries Sciences. The first three floors will include offices, conference rooms and dry work areas. The top two floors will include teaching and wet research laboratories. Kirskey Architecture is project architect.

November 17, 2015

Office Texas

Stream Realty Partners Completes 101,000 SF Office Building in San Antonio

by Haisten Willis November 16, 2015

SAN ANTONIO — Stream Realty Partners has completed an office development called One51 Office Centre. The speculative two-story, 101,000-square-foot office building is located in San Antonio’s Westover Hills submarket. Located at the south side of Highway 151, the Class A office building stretches across 8.3 acres. The property, owned and developed by Stream Realty, offers access to Highway 151, 50,000-square-foot plates, 615 parking spaces and green space with mature trees. Stream Realty’s Ryan Harrison and Carolyn Hinchey Shaw will lease the office property. Westover Hills houses 15 corporate campuses.

November 16, 2015

Loans Office Texas

NorthMarq Arranges $2.9M Acquisition Financing for Dallas Arts Center

by Haisten Willis November 16, 2015

DALLAS — Bart Dickinson of NorthMarq Capital’s Dallas office has arranged a $2.9 million acquisition loan for Dallas Arts Center, a 66,000-square-foot office property located at 2030 Main St. in Dallas’ central business district. The transaction was structured with a 15-year term and 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company.

November 16, 2015

Loans Multifamily Texas

ARA Newmark Completes Acquisition Financing for Apartment Complex in Houston

by Haisten Willis November 16, 2015

HOUSTON — Holly Minter, David Schwarz and Tip Strickland of ARA Newmark represented a partnership between Invictus and Oak Coast Properties in the acquisition of Falls at Clear Lake Apartments in Houston. Minter, Schwarz and Strickland also closed an 80 percent loan-to-value, 10-year fixed rate loan through ARA Newmark’s Fannie Mae DUS platform. The Class B apartment community was built in 1983, features 400 units and offers one- and two-bedroom apartment homes located in the Clear Lake submarket.

November 16, 2015

Office Texas

Boxer Property Negotiates Lease Renewal in Houston

by Haisten Willis November 16, 2015

HOUSTON — Boxer Property has concluded long-term lease negotiations on a lease renewal of more than 11,500 square feet with Bee Busy Learning Academy at 9896 Bissonnet St. in Houston. Shay Calhoun negotiated the agreement on behalf of Boxer Property and worked with Bee Busy in the lease renewal process. 9896 Bissonnet St., located in southwest Houston, spans six stories with 108,229 square feet of office space for rent. The building is located between the 610 Loop and suburbs including Sugar Land, Missouri City and Stafford. Nearby amenities include the Westchase Business District and Memorial Hermann Southwest Hospital. Bee Busy Learning Academy is a 501(c) (3) nonprofit organization.

November 16, 2015

Multifamily Texas

Berkadia Negotiates Sale of Multifamily Property in San Antonio

by Haisten Willis November 16, 2015

SAN ANTONIO — Berkadia has negotiated the sale of Eagle’s Nest Apartments, a multifamily property in San Antonio. Mike Miller, Chris Ross, Will Caruth and Cody Courtney of the firm’s San Antonio office completed the sale. The seller, Eagle Apartments Ltd., is based in San Antonio and owns many properties in the area. The buyer was a private investor from Orem, Utah who is a longtime property owner in Texas. Built in 1980, Eagle’s Nest Apartments is a 226-unit building offering studio, one- and two-bedroom floor plans. Unit amenities include balconies or patios, kitchens, walk-in closets, vaulted ceilings, fireplaces and hardwood floors. Community amenities include volleyball courts, barbeques, a swimming pool, clubhouse, laundry room and outside storage. Located at 5211 Fredericksburg Road near Loop 410, Eagle’s Nest Apartments is less than six miles from North Star Mall and one mile from Wonderland of the Americas Mall.

November 16, 2015

Newer Posts

Older Posts