FORT WORTH – An out-of-state 1031 exchange investor has purchased Golden Heights Business Park, a 48,000-sf industrial flex property. Built in 2017, the property consists of four buildings that were fully occupied at the time of sale. Colliers International represented the seller, a private investor. The Texas Real Estate Research Center has more on DFW’s industrial market: Texas […]
McKINNEY – Independent Financial has purchased 17 acres adjacent to its current headquarters at McKinney Corporate Center Craig Ranch, bringing its corporate campus to nearly 30 acres. The move sets up the institution for future expansion with the ability to develop two to three additional office buildings. Craig International represented the landlord, McKinney Joint Venture, an […]
WACO – Store Space Self Storage has purchased a 438-unit self-storage facility at 1620 La Salle Ave. CSD Realty represented the seller, Unlimited Storage LLC, and procured the buyer. Get more Waco-area real estate news on the Texas Real Estate Research Center’s website: “Waco’s Wild Rise” Waco real estate news Texas Quarterly Commercial Report Source: REBusiness Online
HOUSTON – Woodland Hills, Calif.-based Younan Properties has purchased Royal Oaks Centre, an office property at 11490 Westheimer Rd. The three-acre complex includes a ten-story, 232,000-sf office building; seven-story, 722-spot parking garage; and additional parking. Built in 1983 and renovated in 2013, the office building offers 23,201-sf floor plates with 12-ft ceilings. Amenities include a 40-seat conference center and putting green. The […]
Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple […]
HOUSTON – A partnership between ABE Richmond LLC and Pinnacle West LLC purchased a 142,000-sf office building from locally-based Miracles Inc. The asset is on 8.3 acres along Richmond Ave. within Westchase Business Park. Montgomery-based West Star Marketing Group brokered the deal. Get more Houston-area office news on the Texas Real Estate Research Center’s website: Local office […]
LONGVIEW – Annie’s Attic Self Storage, a 69,820-sf self-storage facility on 6.25 acres at 6476 Judson Rd., has been sold. Marcus & Millichap marketed the property on behalf of the seller, a private investor, and secured the buyer, a limited liability company. The Texas Real Estate Research Center has more news like this online for […]
SAN ANTONIO – Atlantic Pacific Communities is developing Vista at Everest, a 64-unit affordable apartment community at 538 Everest St. Amenities will include a playground, business center, and fitness center. The maximum rent is $834 per month for one-bedroom units and $1,000 per month for two-bedroom units. Construction begins in July and will be complete by […]
GRIMES COUNTY – A subsidiary of Charah Solutions has purchased the 6,166-acre Gibbons Creek Steam Electric Station & Reservoir in Grimes County, 20 miles east of College Station. The new ownership plans to redevelop the property to support solar, battery, and energy storage uses and will work with the Texas Commission on Environmental Quality to complete all environmental […]
DALLAS, SAN ANTONIO – MDH Partners has acquired a four-building, 505,719-sf industrial portfolio. The portfolio includes two net-leased assets in infill submarkets at 3551 Dan Morton Dr. in Dallas and 2001 S. Laredo St. in San Antonio. Both Texas assets were acquired in a sale-leaseback with Surlean Foods. JLL arranged $48.5 million in financing for MDH […]
