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Phase one underway at Allen Ridge Lifestyle Village Phase one underway at Allen Ridge Lifestyle Village https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239572020-02-26T06:00:00Z2020-02-28T00:00:00Z

​​​​ABILENE – Construction is underway on the Allen Ridge Lifestyle Village, a 95-acre mixed-use development at the intersection of Judge Ely Blvd. and Ambler Ave.

On completion, Allen Ridge will include a movie theater, 100,000 sf of shops and restaurants, hotel, office space over ground-floor retail, and 200 residential units.

Phase one will have 29,000 sf of retail space. Tenants will include Twisted Root Burgers, Blue Jean Café, Fuzzy’s Taco Shop, Phoenix Pho, and more.

LRK is the architect.

Buildout is anticipated over three phases. 

Texas logoGet more Killeen-area news on the Real Estate Center's website:

​Source: Connect Media

Connect Media
Abilene
Mixed-Use
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MetroNational starts on 190K-sf Memorial City office buildingMetroNational starts on 190K-sf Memorial City office buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239452020-02-25T06:00:00Z2020-02-27T23:00:00Z

​​​​​​Rendering of the office building and its lower level retail space.HOUSTON – MetroNational has started construction on a nine-story, 190,000-sf office building at 9753 Katy Fwy.

The four-acre project includes 4,500 sf of first-floor retail and restaurant space, a two-level lobby, and a second-level skybridge connecting to an elevated parking garage.

Kirksey Architecture designed the building. 

Texas logoGet more Houston-area office news on the Real Estate Center's website:

​Source: Houston Chronicle​

Houston Chronicle
Houston-The Woodlands-Sugar Land
Office
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48K-sf Dallas tollway office project underway 48K-sf Dallas tollway office project underway https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239502020-02-25T06:00:00Z2020-02-27T22:00:00Z

​​​​The new office project near Bent Tree Country ClubDALLAS – SHB Development is building an office project at 17230 N. Dallas Pkwy. near Bent Tree Country Club.

The two-story, 48,000-sf office building will be ready for tenants in April.

Stream Realty Partners is marketing and leasing the building.

Texas logoThe Real Estate Center has more on DFW's office market:

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
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Texas A&M to start on $25M campus beautification projectTexas A&M to start on $25M campus beautification projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239512020-02-25T06:00:00Z2020-02-27T22:00:00Z

​​​Rendering of Aggie Park redevelopment COLLEGE STATION – Texas A&M University and the Association of Former Students are redeveloping 20 acres on campus into an outdoor student activity area. 

Aggie Park will include water features, an outdoor amphitheater, study and gathering spaces, and tributes​​ honoring distinguished alumni. 

A building planned for the second phase will house the Aggie Ring Program and Texas A&M Foundation staff.

One Circle Drive, an events space and former home to university presidents, will be removed at the start of the redevelopment.

Construction will begin this month and be complete in spring 2022. 

The land is between the Clayton W. Williams Jr. Alumni Center and the John J. Koldus Building along George Bush Dr.

Texas logoGet more College Station-Bryan real estate news online.​

​Source: The Eagle​


The Eagle
College Station-Bryan
Education
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Pearlstone enters East Austin with 130K-sf building Pearlstone enters East Austin with 130K-sf building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239492020-02-25T06:00:00Z2020-02-27T21:00:00Z

​​Rendering of 130K-sf office building at 2700 E. 5th St.AUSTIN – Pearlstone Partners is developing a 130,000-sf office building at 2700 E. 5th St.

The property will feature a 375-space parking garage and an 8,000-sf rooftop terrace.

Construction begins in the third quarter and will be completed in first quarter 2022.

Sixthriver is the designer. Wuest Group is the civil engineer.

Texas logoThe Real Estate Center has more office news for Austin-Round Rock:

Austin Business Journal
Austin-Round Rock
Office
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664K-sf South Park Mall opens its doors to new owners 664K-sf South Park Mall opens its doors to new owners https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239462020-02-25T06:00:00Z2020-02-27T20:00:00Z

​​Entrance to South Park Mall at 2310 SW Military Dr.SAN ANTONIO – Mason Asset Management, Namdar Realty Group, and CH Capital Group have purchased South Park Mall, a 663,978-sf shopping mall at 2310 SW Military Dr.

Built in 1968, the property was 95 percent leased at the time of sale.

It is anchored by JC​​Penney, Dick's Sporting Goods, and Bealls. Additional tenants include Old Navy, Ulta Beauty,​ and The Vitamin Shoppe.

JLL represented the seller.

Texas logoGet more Austin-area retail news on the Real Estate Center's website:

​​Source: REBusiness Online​

REBUSINESS
San Antonio-New Braunfels
Retail
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Perardi builds 36K-sf medical office building Perardi builds 36K-sf medical office building https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239482020-02-25T06:00:00Z2020-02-27T20:00:00Z

​​Construction currently underway at Medical Plaza at Onion CreekAUSTIN – Perardi Development is building Medical Plaza at Onion Creek, a 36,000-sf medical office project at 701 E. FM 1626. 

Half of the property has been preleased to tenants including a family practice group, compounding pharmacy, and birthing center.

Construction began in May 2019 and will wrap up early in the fall.

Texas logoThe Real Estate Center has more medical office news for Austin-Round Rock:

​Source: Perardi Development
Perardi Development
Austin-Round Rock
Medical
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125K sf leased at Parc Northeast in Richardson125K sf leased at Parc Northeast in Richardsonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239472020-02-25T06:00:00Z2020-02-27T19:00:00Z

​​​Parc NorthEastRICHARDSON – Jackson-Shaw has leased 124,537 sf at Parc NorthEast, a 434,640-sf, four-building, Class A indus​​trial project.

Other tenants include E4D, Mygrand Glass, and Section Stack.

​Approximately 263,700 sf is still available for lease across buildings one, two, and three. 

GID is the project's equity partner, and MYCON is the general contractor. GSR-Andrade is the architect and Kimley Horn is the civil engineer. Veritex Community Bank is the construction financier.

Holt Lunsford Commercial is handling leasing.​

Texas logoThe Real Estate Center has more on DFW's office market:

Source: Jackson-Shaw
Jackson-Shaw
Dallas-Fort Worth-Arlington
Industrial
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EXP relocates to Westway Plaza EXP relocates to Westway Plaza https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239352020-02-24T06:00:00Z2020-02-27T00:00:00Z

Image of Westway Plaza's exterior.​HOUSTON – EXP has signed a 27,905-sf lease in the Class A Westway Plaza at 11330 Clay Rd. 

The company is relocating from its facility at 1800 W. Loop S. 

JLL represented the tenant in lease negotiations. The Aztec Fund Inc. purchased the 313,420-sf Westway Plaza in 2018.

Texas logoGet more Houston-area office news on the Real Estate Center's website:

​Source: Connect Media​

Connect Media
Houston-The Woodlands-Sugar Land
Office
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Creekstone Office Condos at Towne Lake underway Creekstone Office Condos at Towne Lake underway https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239402020-02-24T06:00:00Z2020-02-27T00:00:00Z

​​Rendering of the office condos behind a pond. CYPRESS – Caldwell Cos. is developing the 56,250-sf Creekstone Office Condos at Towne Lake at 10242 Greenhouse Rd.

The 17-building property will have 45 office units ranging from 1,250 to 5,000 sf. Prices will start in the $300,000s.

Texas logoGet more Houston-area office news on the Real Estate Center's website:

​Source: Realty News Report​

Realty News Report
Houston-The Woodlands-Sugar Land
Office
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TA Realty acquires 350K-sf East Belt Business Park TA Realty acquires 350K-sf East Belt Business Park https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239442020-02-25T06:00:00Z2020-02-27T00:00:00Z

​​​​​​​​​Aerial view of the property.PASADENA – Boston-based TA Realty has purchased the 350,000-sf East Belt Business Park at 1455-1485 E. Sam Houston Pkwy. S. 

The 23.7-acre, Class A property consists of two rear-load buildings, two cross-dock buildings, and 510 parking spaces. 

It is more than 90 percent leased. Transwestern developed the park in phases in 2004 and 2008. 

JLL marketed the property on behalf of the seller, a fund advised by Morgan Stanley Real Estate Investing.​​​​

Texas logoGet more Houston-area office news on the Real Estate Center's website:

​Source: Houston Chronicle​

Houston Chronicle
Houston-The Woodlands-Sugar Land
Industrial
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Tynberg gearing up for first phase of Northline in LeanderTynberg gearing up for first phase of Northline in Leanderhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239412020-02-24T06:00:00Z2020-02-26T21:00:00Z

​​​​​Rendering of Northline, a 115-acre mixed-use development in LeanderLEANDER –Tynberg LLC is developing Northline, a 115-acre mixed-use development south of San Gabriel Pkwy. between US 183 and the 183A toll road.

The project will have 700,000 sf of office, 300,000 sf of retail, and 150,000 sf of hotel space. There will also be 2,000 apartments and 300 townhomes.

Community features will include a town square and parks.

The city council approved a $13.4 million contract to the project's contractor, DeNucci Constructors LLC.

Phase one will begin in March. Full buildout is expected by 2031.

Texas logoGet more Austin-area news on the Real Estate Center's website:

​​​Source: Austin Business Journal​

Austin Business Journal
Austin-Round Rock
Mixed-Use
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46 Fort Worth acres slated for industrial spec project46 Fort Worth acres slated for industrial spec projecthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239362020-02-24T06:00:00Z2020-02-26T20:00:00Z

​​Site plan of the speculative industrial parkFORT WORTH – Ascendant Commercial has purchased 46.25 undeveloped acres at the northwest corner of I-35 and SH 1187.

The land will be used for the first phase of a 2.2 million-sf, 130-acre industrial park.

The first building, an 850,000-sf distribution center, breaks ground in summer 2020. Completion is set for May 2021. ​

CBRE is marketing the spec development for lease.

Texas logoThe Real Estate Center has more on DFW's industrial market:

Source: CBRE
CBRE
Dallas-Fort Worth-Arlington
Industrial
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JV buys building pair at Pecan 130 Commerce Center JV buys building pair at Pecan 130 Commerce Center https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239392020-02-24T06:00:00Z2020-02-26T20:00:00Z

​​Two-building property at 3813 Helios WayPFLUGERVILLE – A joint venture between Birtcher Anderson Realty and Alex Brown Realty has acquired a 240,000-sf light industrial property at 3813 Helios Way.​​

Built in 2014, the two-building property is now 93 percent ​​occupied by eight tenants including​ Danone, EOS, and LifeLast Products.

It is part of ​the 600,000-sf ​Pecan ​130 Commerce Center. 

Texas logoThe Real Estate Center has more Austin real estate news: 

Source: Connect Media​
Connect Media
Austin-Round Rock
Industrial
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213K-sf Hanson industrial portfolio trades hands in El Paso 213K-sf Hanson industrial portfolio trades hands in El Paso https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239372020-02-24T06:00:00Z2020-02-26T19:00:00Z

​EL PASO – A partnership between Equity Industrial Partners and Raith Capital Partners has purchased a three-building industrial portfolio.​

The sale includes 213,370 sf of industrial space and 35 developable acres.​​

CBRE represented the seller, Russell Hanson.

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REBUSINESS
El Paso
Industrial
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Rezoning request approved for Irving apartmentsRezoning request approved for Irving apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239262020-02-21T06:00:00Z2020-02-26T18:00:00Z

​​​​​IRVING – The city council has ​​​approved a rezoning request that paves the way for a two-building, 236-unit multifamily project at 9905 W. Valley Ranch Pkwy.

According to Criterion Development Partners, the development will include 200 one-bedroom and 136 two-bedroom units. There will be 295 parking spaces. 

The 5.2 acres is currently home to a chained-off parking lot.

The project will be developed in a single phase.

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: ​Dallas Morning News​​

Dallas Morning News
Dallas-Fort Worth-Arlington
Multifamily
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240-unit Jordan Creek Apartments sold in Arlington240-unit Jordan Creek Apartments sold in Arlingtonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239342020-02-24T06:00:00Z2020-02-26T18:00:00Z

​​Birds-eye view of the Jordan Creek ApartmentsARLINGTON – Jordan Creek Apartments, a 240-unit multifamily community at 2502 Burney Oaks Ln., has been sold.

Built in 1984, the property has one- and two-bedroom units. Amenities include a pool, sports court, fitness center, and outdoor grilling and picnic area.

NorthMarq represented the seller, 2505 Burney Oaks Lane LLC, and procured the buyer, Ashland Greene Capital Partners.

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: REBusiness Online​

REBUSINESS
Dallas-Fort Worth-Arlington
Multifamily
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TMC welcomes Susan & Fayez Sarofim PavilionTMC welcomes Susan & Fayez Sarofim Pavilionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239292020-02-21T06:00:00Z2020-02-26T01:00:00Z

Rendering of the new medical tower. HOUSTON – A 17-story critical care tower, dubbed the Susan & Fayez Sarofim Pavilion, has opened in the Memorial Hermann-Texas Medical Center at 6411 Fannin St.

The tower will serve as the new home of the Red Duke Trauma Institute. It has Level I trauma support, over 140 patient rooms, 24 operating rooms, 900 parking spaces, and a 76,000-sf emergency center.

The tower features the John S. Dunn Heliport and one of the few dedicated trauma hybrid operating rooms in the nation. 

Texas logoThe Real Estate Center has more Houston-area medical news​ on our website for free. 

​​Source: Community Impact Newspaper​

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Medical
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Attention, Conroe: Cottage Green coming Attention, Conroe: Cottage Green coming https://www.recenter.tamu.edu/news/newstalk-texas/?Item=239302020-02-21T06:00:00Z2020-02-26T00:00:00Z

​​​CONROE – Palmetto MDR will open the first units of its Cottage Green development this fall. 

The 197 cottage-style homes are off SW Loop 336 near Grand Central Park. 

The community will have a walking loop, wetlands preserve, and a beer and wine garden. 

texaslogo.pngThe Real Estate Center has more information on housing:​
Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Housing
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California aerospace firm launching 200K-sf expansionCalifornia aerospace firm launching 200K-sf expansionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239322020-02-24T06:00:00Z2020-02-25T22:00:00Z

​​Wesco Aircraft’s parts hub in the Northport 35 business parkNORTHLAKE – Wesco Aircraft Holdings Inc. is adding 200,000 sf of space to its distribution center in the Northport 35 business park on I-35W.

The industrial park was built by Stream Realty Partners. RGA Architects designed the project.

Texas logoThe Real Estate Center has more on DFW's industrial market:

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
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