DALLAS – Saigebrook Development has broken ground on Kiva East, a $25 million, 87-unit mixed-income multifamily complex. The community will reserve 70 percent of its units for those making between 30 and 60 percent of the area median income. It will have a tuition-free early childhood education center from the Bezos Academy. Opening is slated for […]
FORT WORTH – A two-facility self-storage portfolio has been sold. The assets have 89,300 net rentable sf across 531 units. Versal represented the seller, Plano Storage Station LP, and procured the Austin-based buyer. The Texas Real Estate Research Center has more on DFW real estate news: Local retail news Texas Quarterly Commercial Report Source: REBusiness Online read more…
HOUSTON – A partnership between Bascom Group and Cadre has acquired The Montierra, a 346-unit apartment community. Sueba USA developed the property at 2345 Sage Rd. in 2003. The community has one- to three-bedroom floor plans. Amenities include a pool, fitness center, clubhouse, lounge, movie theater, business center, and outdoor grilling stations. JLL represented the seller […]
HOUSTON – Chicago-based Brennan Investment Group has acquired 12 acres at the intersection of Kirby Dr. and N. Spectrum Blvd. for an industrial project. The 216,004-sf rear-load building will have 36-ft clear heights, 175-ft truck court depths, and an ESFR sprinkler system. Construction begins in early January and will wrap by fourth quarter 2023. Get more Houston-area industrial news […]
LOCKHART – Titan Development has broken ground on Building 1 at Lockhart 130 Industrial Park. The 167,794-sf rear-load facility will have 32-ft clear heights, 36 dock doors, and a 60-ft speed bay. Completion is slated for fourth quarter 2023. At full buildout, Lockhart 130 Industrial Park will have four buildings totaling 650,000 sf across 45 acres. The Texas Real […]
CELINA – Work has started on the first phase of Celina Station, a mixed-use project at the corner of Preston Rd. and Ash St. Phase one will have 60,000 sf of retail, office, and medical office space. At buildout, Celina Station will also have 336 multifamily units and multiple acres of parks, sports courts, and walking trails. […]
KATY – Miami-based American Wire Group has leased a 205,200-sf industrial building. The facility, which will be used for manufacturing and distribution, will add 30 to 50 jobs to the area over the next three years. Whitebox Real Estate represented the tenant. Get more Houston-area industrial news on the Texas Real Estate Research Center’s website: Texas Quarterly Commercial […]
DALLAS – Granite Properties and Highwoods Properties has acquired McKinney & Olive, a 507,000-sf office building. Designed by architect Cesar Pelli and completed in 2016, the building has 50,000 sf of retail space. It was 99 percent leased at the time of sale. Amenities include a fitness center, rooftop terrace, lounge, and conference center. JLL represented the seller and developer, institutional […]
SCHERTZ – MEI Rigging & Crating LLC has signed a 112,935-sf industrial lease at Doerr Lane Logistics Center. The asset, which is under construction and will deliver in February 2023, is 75 percent preleased. Partners represented the landlord, an entity doing business as Baltiss-Ackerman Schertz LLP. ATCAP Partners represented the tenant. Recently, Quality Custom Distribution signed […]
