HOUSTON – Pennsylvania-based The Webstaurant Store has signed a 643,940-sf industrial lease in Cedar Port Industrial Park. The tenant will occupy Cedar Port Logistics Building I, a cross-dock facility developed by Avera Cos. and AEW Capital Management. Building features include 36-ft clear heights, 185-ft truck court depths, 211 trailer parking spaces, and an ESFR sprinkler system. Newmark represented the tenant, […]
AUSTIN – KBS has sold SouthPark Commerce Center, a four-building, fully leased industrial park, to BentallGreenOak. Built in 1998, the 372,763-sf Class A industrial/flex park is at 4401 Freidrich Ln. It has a 24-ft clear height with 36 percent office finish. JLL Capital Markets represented the seller in the disposition. Greenberg Traurig LLP provided legal counsel for KBS. The Texas Real Estate […]
GEORGETOWN – Houston-based Morgan Group is preparing to break ground on a $37 million, 336-unit, three-story apartment complex. The 394,395-sf project—tentatively dubbed Pearl Georgetown—will be at 5400 N. Mays St. It will have 16 buildings, a pool, clubhouse, courtyard, and fitness center. The Texas Real Estate Research Center has more news like this online for free: Texas Quarterly Apartment Report […]
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price […]
KYLE – The Kyle Economic Development Department and HPI Real Estate are adding three buildings to the Hays Commerce Center off I-35. The new projects include: Hays Logistics Center Building 2, a 206,000-sf cross-dock project with 32-ft clear heights and truck court; Hays Commerce Center Building 3, a 68,240-sf flexible spec building with 28-ft clear heights, large dock doors, and oversized loading ramps; […]
HOUSTON – Harvey Builders is building a 115,000-sf build-to-suit manufacturing and office facility for Hamilton Sundstrand. Designed by Powers Brown Architecture, the facility will be on 8.3 acres within the Houston Spaceport campus. Locally based Griffin Partners is the development manager. The project is expected to create 250 jobs. Completion is set for 2022. Get more Houston-area office […]
SAN ANTONIO – California-based Investors Management Group has purchased Azul Apartments, a 246-unit community at 6674 Prue Rd. Built in 2007, the property has one-, two- and three-bedroom floor plans averaging 868 sf. Amenities include a pool with a lounge and game areas, fitness center, outdoor grilling stations and picnic areas, basketball court, and business center. […]
PLANO – A fund controlled by New York City-based DRA Advisors has acquired The Legacy R&D office campus, a seven-building office portfolio on 40 acres at the corner of Tennyson Pkwy. and Pinecrest Dr. Completed between 2006 and 2012, the buildings have significant clear heights, dedicated exterior entrances to tenant suites, and a six-per-1,000 […]
SAN ANTONIO – Locally based Casey Development has broken ground on Tacara at Dove Creek, a 321-unit apartment complex at 189 Empresario Dr. The property will have studio and one-, two-, and three-bedroom floor plans averaging 870 sf. Rents will be between $1,200 and $1,300 per month. Amenities include a fitness center, yoga studio, pet park, pool, and cabana with […]
CARROLLTON – North Carolina-based Network Wireless Solutions is taking 129,611 sf of warehouse space at 2040 McKenzie Dr. Stream Realty Partners represented the landlord, Link Industrial Properties. Bradford Commercial Real Estate Services represented the tenant.
