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Archives: August 2020

Parker-Hannifin takes 145K sf in Mesquite

​MESQUITE – Parker-Hannifin Corporation has leased 144,750 sf at the Peachtree Distribution Center at 510 Peachtree Rd.  Built in 2001, the 396,750-sf, Class A building is on 24.89 acres at 510 Peachtree Rd.  Stream Realty Partners represented the landlord, LIT Finance II.  Cushman & Wakefield represented the tenant. The Real Estate Center has more on DFW’s industrial market: ​​Texas […]

Homebuilders buy 94 acres from Lewisville ISD

​​LEWISVILLE – Arcadia Realty and David Weekley Homes have acquired four land parcels totaling 94.33 acres from the Lewisville Independent School District (LISD).  The developers are planning four residential subdivisions on the land. They are: The Reserve at Chapel Hill on 23.47 acres at 2601 Harlington Dr. in Highland Village. David Weekley will build 73 homes. Kensington Place on 28.49 […]

Auctane signs 105K-sf lease in The Grove

​​​​AUSTIN – Auctane LLC will become The Grove at Shoal Creek‘s first office tenant. The company will occupy 105,385 sf at 4301 Bull Creek Rd. ​​ Endeavor Real Estate Group brokered the lease. The Grove is a 76-acre mixed-use project by ARG Bull Creek Ltd., a joint venture between MileStone​ Community Builders and Castletop Capital. ​ The Real Estate […]

HostGator inks office lease in Houston

​HOUSTON – HostGator has signed a 38,582-sf office lease at 5005 Mitchelldale St.​​​​​​ The 75,900-sf office building was built in 1981. JLL represented the tenant, while Transwestern represented the landlord. ​ Get more Houston-area office news on the Real Estate Center’s website: ​​​​​Texas Quarterly Commercial Report Houston-The Woodlands-Sugar Land office news​ ​Source: REBusiness Online

Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy […]

State unemployment claims dip below 60,000

​​​COLLEGE STATION – Fewer people in Texas filed for initial unemploy​ment during the week ending Aug. 22, falling to 57,000 claims after increasing to over 68,400 the week prior​. That brings the total since March 21 to 3.33 million, according to data from the U.S. D​epartment of Labor (DOL). Despite the decrease in new claims, the number […]

Dick's Sporting Goods opening in Midland Park Mall

​MIDLAND – Dick’s Sporting Goods is opening a 45,000-sf store in Simon​ Property Group’s Midland Park Mall. Built in 1980, ​​​the enclosed shopping center is at 4511 N. Midkiff Rd. It is anchored by J.C. Penney, Bealls, and Ross Dress for Less. The Pittsburg-based sports retailer is backfilling at anchor space previously occupied by Dillard’s​.  The Real […]

Nitya Capital picks up One Westchase Center

​​HOUSTON –​​ Locally based Nitya Capital has purchased​​​​​ One Westchase Center, a 466,025-sf office building at 10777 Westheimer Rd. Built in 1982 and renovated in 2019, the 12-story office building has an onsite deli, fitness center, and 2,700-sf conference center. It also has a 1,400-space parking garage. Griffin Partners was the seller. Transwest​​ern handles leasing. Get […]

3.8M-sf fulfillment center headed for Bexar County

​​SAN ANTONIO – Seefried Development Management Inc. is developing a 3.8 million-sf fulfillm​​ent center called Project Star on Cal Turner Dr.  Construction on the $200 million facility will start in November and wrap up in February 2022.  CESO Inc. is the designer. ​ Get more San Antonio industrial news on the Real Estate Center’s website: Local industrial news​ ​​​​​Texas Quarterly […]