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RECON for March 19, 2021RECON for March 19, 20212021-03-19T05:00:00Z2021-03-19T05:00:00Z

Horses graze in a pasture dotted with bluebonnets
Saturday, March 20, is the first day of spring. Don't forget to stop and smell the bluebonnets. (Photo from Center files.)
March 19, 2021

Laredo industrial park fully leased to two foreign tenants

​​​​​LAREDO (Forum CRE) – Two international companies have moved into Sophia Industrial Park, a 230,900-sf building on 20.6 acres at 13819 Humphrey Rd. 

Winnipeg, Canada-based Palliser Furniture took possession of their 117,191-sf space at the beginning of March.

Saltillo, Mexico-based Vitromex U​SA moved in fourth quarter 2020.​

Humphrey Development, a branch of GONTOR Group, ​​developed the building.

Forum CRE brokered the leases. 

Provident to start phase I of 700K-sf Plano industrial park

​​​PLANO (Dallas Morning News) – Provident Realty Advisors is constructing three industrial buildings totaling 300,000 sf in the ​Plano Commerce Center.​

The $35 million project is the first of two phases totaling 700,000 sf at Shiloh and N. Star Roads.​

Merriman Anderson Architects designed the park, and Mark V Commercial is the leasing agent.

Construction begins in March and will take ten months to complete.​​
4Q2020 Texas Quarterly Commercial Report
For more, read our latest Texas Quarterly Commercial Report.

Work starts on Potter County court project

​​AMARILLO (REBusiness Online) – Adolfson & Peterson Construction, in partnership with Potter County, has broken ground on the District Courts Building, a 158,250-sf civic project. 

Designed by HOK Group, the five-story project will house courtrooms, a jury assembly room, county offices, holding areas, and records storage space. 

Completion is slated for late 2022.
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86-acre industrial park slated for Georgetown

​​​​GEORGETOWN (Austin Business Journal) – Titan Development Ltd. is developing Gateway35 Commerce Center, an 86-acre industrial park near the intersection of the 130 toll road and I-35. 

Phase one will include a 293,000-sf speculative industrial building. Construction will begin in May and be complete in the fourth quarter. 

The second phase will include two additional buildings. 
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Billingsley adding 600K-sf to its International Business Park 

​​​PLANO (Dallas Morning News) – Billingsley Co. is building three more office buildings totaling 600,000 sf in its 300-acre International Business Park.

The four- and five-story buildings will be off Plano Pkwy.

When completed, the office campus will have 35 buildings housing up to 21,000 workers.

GFF designed the three office buildings. 
market viewer screen shotTexas Realtors' MarketViewer tool helps members and their clients quickly understand the market statistics in their area. This powerful tool is a member benefit available exclusively to Texas Realtors and local Realtor associations in Texas. Data are compiled and analyzed through a research agreement between Texas Realtors, the Texas Real Estate Research Center, and all MLSs across the state. 

1M-sf Amazon fulfillment center slated for Amarillo

​​​AMARILLO (REBusiness Online) – Amazon is developing a one million-sf fulfillment center at the corner of NE 24th Ave. and Loop 335. 

The center will create 500 full-time jobs and generate $35 million in economic impact. 

Construction will be complete in early 2022. ​

McLane Foodservice inks 249K-sf industrial lease

​​​​​​SAN ANTONIO (REBusiness Online) – McLane Foodservice Distribution Inc. has signed a 248,500-sf industrial lease at Foster Ridge Industrial Park. 

Newmark represented the tenant. Cavender & Hill represented the landlord, Foster Ridge M Owner LLC. 
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Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Texas Real Estate Research Center at Texas A&M University should not be reprinted without permission of the original source. To send news items for consideration, e-mail Hayley Rieder. The Texas Real Estate Research Center is part of Mays Business School at Texas A&M University in College Station - the heart of the Research Valley.


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