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SAN ANTONIO – Evergen Equity recently acquired a 211,000-sf warehouse at 5827 US 90.

The site was most recently assessed at $6 million, tax records show.

The building currently serves as the headquarters for local equipment rental company Flasher Equipment Co.

Evergen plans to renovate the 96,000 sf that Flasher does not occupy.

Stream Realty Partners brokered the deal and will handle leasing.​​​​​​​​​​​​​​​​

ARLINGTON – A 91,856-sf shopping center was sold to a real estate investor with dozens of properties in Texas and Oklahoma.

Located at 4629 South Cooper St. off I-20, Cooper Street Plaza is 97 percent leased. Tenants include K&G Men's Co., Office Max, Black Rifle Coffee, UPS, State Farm Insurance, and Ninja Sushi. 

The buyer, Vista Property Co., also owns Vista Ridge Village in Lewisville and the South Frisco and Frisco Lakes shopping centers in Frisco. 

CBRE Group brokered the sale and marketed the property.

​​ADDISON – A retail center built in the 1980s just sold to an Indiana-based investor.

Located at Belt Line Rd. and Montfort Dr., the 160,000-sf Prestonwood Place is home to Chipotle, Pollo Tropical, Twin Peaks, Orange Theory Fitness, and office tenants. It is 94 percent leased.

Kite Realty Group Trust purchased the 16-acre property. The previous owner was a subsidiary of New York-based Northwood Investors.

JLL brokered the sale.​

​CONROE – Children's Safe Harbor will break ground on its new center at 3006 N. Loop 336 E. in November. Construction is expected to wrap up in 13 months.

The facility will be a safe haven and support center for abused children, their families, and the individuals working to protect them. It will focus on counseling, therapy, education and training.

Children's Safe Harbor set a goal of $15 million to fund the new campus. They were at the the halfway point when they received a $5 million donation from the state. In addition, The Woodforest Charitable Foundation committed $2.5 million for the naming rights of the new building in June 2022.​

MAGNOLIA – The 3,000-acre Audubon master-planned community will add 232 homes in its new Creekside South district, which is expected to break ground later this year.

The new district will have 97 45-ft homesites, 59 60-ft homesites for patio homes, and 44 80-ft lots.

Sitterle Homes and Newmark Homes will serve as builders for the project.​

​​FLOWER MOUND – The first phase of a 50-acre mixed-use project near Grapevine Lake will break ground in January.

Located on FM 2499 at Lakeside Village Pkwy., the Silveron Park development will begin with a 64,350-sf, three-story office building designed by Alliance Architects that will include underground parking and open in 2024. 

The first phase will also have 200 apartments and 15,000 sf of retail and restaurant space.

The project is developed by a partnership between Thompson Realty Capital LLC and Canada-based Trez Capital.​

LAKE TRAVIS – Claycomb Associate Architects have revealed their design for the new athletic and fine arts additions coming to Lake Travis High School.

The proposed 2,500-seat arena would hold over three times the number of people as the campus' existing round gym and have a 94-foot professional-level basketball court. There will be space for nearly 1,000 additional seats as well.

The arena will have a lobby with a spirit shop and seating area; press box; concession stand; locker rooms; weight rooms; coaching offices; dressing rooms; and extra storage spaces.

An 84-foot competition gym will connect to the fine arts practice areas and the new practice turf field. The new space would be next to the high school's performing arts center and annex.

The plan also includes four new art classrooms.

Voters approved $43 million for the gym and $15.3 million for the fine arts additions in elections last year.

The school district will break ground on the new facilities in 2024 and build more parking spaces by next school year.

The current timeline allows for another six months of work on the design phase, up to 12 months for permitting, and 18 months for construction.​

SAN MARCOS – Lantana Apartments, a housing development at 1041 Vervain Rd.​ that will provide income-based housing, is expected to be completed next month.

The city council approved a resolution for low-income housing tax credits with the Texas Department of Housing and Community Affairs, which gave Mortgage Co. LLC a $30 million Federal Housing Administration Construction Loan to build the project. The mortgage company partnered with Mission Development Group LLC on construction.

The complex, which will have eight buildings totaling 216 units, has a pickleball court, walking trails, pool, and a gym. It also has a demonstration kitchen and provides a food pantry and travel assistance for residents.

MIDLOTHIAN, GRAND PRAIRIE – Plans for a 2,000-acre residential community were approved with construction beginning in 2024.

Lakesong will have 5,000 homes, 330 acres of open spaces and parks, a 20-mile trail system, and the 100-acre Padera Lake. Fronting US 287 near US 67, the community will have apartments, townhomes, and 40-ft to 1/3-acre lots.

Developer Huffines Communities also developed Viridian in Arlington and the Providence in Providence Village, and is planning the 1,400-acre Solterra in Mesquite.​

AUSTIN – The city council has approved the $1 billion redevelopment of the Brodie Oaks Shopping Center at 4040 S. Lamar Blvd. The decades-old strip mall will be converted into retail, budget housing, and a park.

Developer Barshop & Oles says the redevelopment could include nearly 1.3 million sf of office space, 140,000 sf of retail space, 1,700 residential units, 13.7 acres of outdoor green space, and a 200-room hotel.

In response to concerns about potential environmental impacts due to impervious cover, District 5 Council Member Ryan Alter said the plan is more environmentally friendly than the current state of the strip mall because the asphalt that makes up the development allows for more runoff into Barton Creek.

Phase one construction is expected to begin in 2025 with an estimated completion in 2027.

GEORGETOWN – Mosaic and NexMetro Communities will build Avilla Berry Creek, a 224-unit build-to-rent residential community projected to cost $66 million.

The neighborhood will have one-, two-, and three-bedroom detached homes and duplexes that will start at 690 sf and include private backyards and front patios.

There will also be a pool, clubhouse, community garden, and dog park.

Completion is slated for summer 2025.​

SAN ANTONIO – Maddox Hills apartment complex, located at 17927 Overlook Loop, has been sold to Washington-based real estate investor Timberlane Partners, marking the firm's first purchase in Texas.

The firm recently took out a $42.6 million loan from JPMorgan Chase, though sales price was not disclosed.

The 322-unit, 540,000-sf complex was built in 2021 and most recently assessed at $60 million. The property has one-, two-, and three-bedroom floor plans as well as townhome-style units.

CBRE marketed the property for the previous owner, OHT Partners.​

​HOUSTON – Power Electronics USA has leased Airtex Commerce Center, a 166,250-sf distribution warehouse at 431 E. Airtex Rd.

The first part of the lease, for about 77,000 sf, has already started, while the lease for the remaining space of the facility starts in April.

Transwestern represented the property owner, Nuveen of New York City​, while Colliers represented the tenant.​

SUGAR LAND – Lake Pointe Plaza, a 53-acre mixed-use project at the intersection of I-69 and SH 6, is being developed by Planned Community Developers.

It will have waterfront activities, residential options, office spaces, medical and life sciences facilities, a hotel with a conference center, retail, restaurants, and entertainment venues.

Construction begins in third quarter 2024.​

PORTLAND – Nova Portland Hotels LLC has acquired a 95-room hotel.

The hotel operates under the Avid Flag, which is part of the InterContinental Hotel Group family of brands.

Atlanta-based Bull Realty represented the seller.​ Bang Realty assisted in closing the deal.

BUDA – Arenaman Development Company LLC has secured city council approval for an $80 million, 500,000-sf development called Buda Gateway. It will have five spec industrial warehouse buildings on 49 acres near the corner of Robert S. Light Blvd. and FM 967.

Construction is expected to start next summer and be complete in summer 2025.

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ROUND ROCK – Round Rock ISD officials set in motion a 286-seat expansion to the cafeteria of Stony Point High School, an answer to a growth problem addressed in the 2018 bond project.

The $2.75 million expansion will include the partial enclosing of an existing courtyard. It will bring the capacity in line with what is similarly available at other high schools within RRISD.

The design and permitting process is expected to last for nine months, and construction is expected to last another nine months.​

SAN ANTONIO – Cyrus-One has purchased 25 acres west on Research Pkwy. to build another data center.

Site plans filed outline two buildings reaching 75 ft. Both buildings would be outfitted for a utility capacity of 18 megawatts. The buildings are designated at SAT10 and SAT11.

No timeline has been set, but Cyrus-One agreed to start construction within 36 months of buying the land and a construction time of 18 months.​

​IRVING – A mixed-use project with offices, apartments, and townhomes is coming to Las Colinas, replacing a 50-year-old business campus.

Located on SH 114 and Fuller Dr., the One-Fourteen Office Park will have seven office condominiums ranging from 2,000 to 15,000 sf.

The project is being developed by Savannah Developers and will be part of the Rosewood Property Co. apartment community. Wynmark Commercial is also working on the project. ​

​​MANSFIELD – Construction will begin next year on a 6.5-acre mixed-use development on US 287 and Heritage Dr.

The $70 million Heritage Park will have a 125-room Courtyard by Marriott; 20,000 sf of retail, restaurant, and medical space; and 60,000 sf of office space. 

The project will create 250 jobs.

Developed by 1ONEFirm Inc. and Tekmak Development, Heritage Park is one of several projects in Mansfield, including a $65 million mixed-use development. ​