Texas

High Street Residential Completes 25-Story Apartment Tower in Metro Dallas

by Taylor Williams December 18, 2018

PLANO, TEXAS — High Street Residential, a subsidiary of Trammell Crow Co., has completed The Kincaid at Legacy, a 25-story apartment tower in the northeastern Dallas suburb of Plano. The property totals 300 units in one-, two- and three-bedroom layouts ranging in size from 677 to 4,500 square feet. Amenities include a pool, fitness center, lounge with a media screening room, entertainment kitchen, conference room, outdoor grilling areas and a business center. ZRS Management LLC is handling leasing and management of the project.

December 18, 2018

Development Mixed-Use Texas

Centurion to Develop $116.5M Mixed-Use Project in Mesquite, Texas

by Taylor Williams December 18, 2018

MESQUITE, TEXAS — Centurion American Development Group will develop Iron Horse Village, a mixed-use project in the eastern Dallas suburb of Mesquite that is valued at more than $116.5 million. Iron Horse Village will consist of 336 single-family homes and a combined 130,000 square feet of restaurant, retail and office space. Construction is expected to begin in April or May of 2019.

December 18, 2018

Leasing Activity Office Texas

Arena Energy Signs 87,231 SF Office Lease in The Woodlands

by Taylor Williams December 18, 2018

THE WOODLANDS, TEXAS — Arena Energy, a privately held oil and gas firm, has signed an 87,231-square-foot office lease at Hughes Landing in The Woodlands, about 30 miles north of Houston. The Class A space will be situated on 13 acres and will serve as the company’s new headquarters. Arena Energy is aiming to begin occupying the space in September 2019.

December 18, 2018

Acquisitions Retail Texas

Hilco Brokers Sale of Two Retail Assets Totaling 28,300 SF in South Texas

by Taylor Williams December 18, 2018

MCALLEN AND CORPUS CHRISTI, TEXAS — Hilco Real Estate LLC has brokered the sale of two retail assets totaling 28,300 square feet in South Texas. The first property is a 14,500-square-foot building located in the Rio Grande Valley city of McAllen, and the second is a 13,800-square-foot building in Corpus Christi. The buyers and sellers were not disclosed.

December 18, 2018

Development Office Texas

Catellus, Shorenstein to Develop 750,000 SF Office Project in Austin

by Taylor Williams December 17, 2018

AUSTIN, TEXAS — A partnership between Oakland-based Catellus Development Corp. and investment firm Shorenstein Properties LLC will develop a 750,000-square-foot office project in Austin. The new space will be delivered across three buildings, the first of which will contain 20,000 square feet of retail space and a 985-space parking garage. The new office campus will be part of Mueller, a 700-acre mixed-use development located at the site of the former Robert Mueller Municipal Airport. Page Southerland Page Architects is handling design of the project, which includes a 985-space parking garage and is expected to be complete by late 2020. AQUILA Commercial is leasing the office portion of the project and CBRE is leasing the retail portion.

December 17, 2018

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Development Industrial Texas

Clay Development Breaks Ground on 621,920 SF Spec Distribution Center in Metro Houston

by Taylor Williams December 17, 2018

KATY, TEXAS — Clay Development & Construction Inc. has broken ground on Pederson Distribution Center I, a 621,920-square-foot speculative distribution center at Interstate 10 and U.S. Highway 90 in Katy, a western suburb of Houston. The cross-dock property will be situated on 30.8 acres and is expected to be complete by August 2019. Building features will include 36-foot clear heights, 147 dock-high doors, 130-foot truck courts and up to 256 employee parking spaces and 170 trailer parking spaces. Frost Bank provided construction financing. NAI Partners will handle leasing of the property with assistance from Clay.

December 17, 2018

Development Industrial Texas

Davis Commercial to Build 34.9-Acre Industrial Project in Houston

by Taylor Williams December 17, 2018

HOUSTON — Local firm Davis Commercial Development has acquired 34.9 acres on which to build an industrial project at the intersection of Interstate 45 and Cypress Creek Parkway in north Houston. The property will be located near ExxonMobil’s campus and George Bush Intercontinental Airport. Todd Edmonds and Michelle Soderberg of Colliers International represented the seller, Hendricks Interests LLC, in the land sale. Colliers will also market the property, which will consist of two cross-dock, single-tenant buildings.

December 17, 2018

Development Industrial Texas

Manufacturer to Open 193,000 SF Plant in Tomball, Texas

by Taylor Williams December 17, 2018

TOMBALL, TEXAS — The parent company of Hoelscher Weatherstrip Manufacturing Co., which specializes in custom doors and weatherstripping, has acquired land in the northwestern Houston suburb of Tomball for the construction of a 193,000-square-foot plant. The project is valued at $10.6 million and is expected to create about 120 new jobs. A timeline for construction and occupancy was not provided.

December 17, 2018

Industrial Leasing Activity Texas

NAI Partners Secures 22,800 SF Industrial Lease in Houston

by Taylor Williams December 17, 2018

HOUSTON — NAI Partners has secured a 22,800-square-foot industrial lease at 4140 World Houston Parkway in Houston for COSA Xentaur, a provider of equipment for the petrochemical, energy and pharmaceutical industries. Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

December 17, 2018

Emery-Bay-at-Lakepointe-Lewisville-Texas

Acquisitions Multifamily Texas

American Landmark Acquires 360-Unit Apartment Community in Metro Dallas

by Taylor Williams December 14, 2018

LEWISVILLE, TEXAS — Tampa-based multifamily owner-operator American Landmark has acquired Emery Bay at Lakepointe, a 360-unit multifamily community located in the northern Dallas metro of Lewisville. Built in 1997, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, spa, business center, dog park and a volleyball court. American Landmark will invest $3.5 million in capital improvements to the unit interiors and amenity spaces. Mitch Sinberg, Matt Robbins, Robert Falese and Matthew Cullison of Berkadia secured a $36.5 million Fannie Mae acquisition loan on behalf of American Landmark for the transaction. The seller was not disclosed.

December 14, 2018

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