RECON for June 8, 2021RECON for June 8, 20212021-06-08T05:00:00Z2021-06-08T05:00:00Z
Cross-Mod house
Work has started on Texas' first "CrossMod" residential subdivision. These HUD-code manufactured homes qualify for conventional Fannie Mae and Freddie Mac financing. Read more about the Seguin development in our latest research article. (Photo by Dustin Arp of Spark Homes.)
June 8, 2021

Hays Commerce Center in Kyle expanding

​​​KYLE (Austin Business Journal) – 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; and

  • Hays Commerce Center Building 4, a 106,673-sf building with 32-ft clear heights, dock-high doors, oversized loading ramps, and truck court. 

HPI is the sole developer of the latter two buildings, which are expected to deliver by the end of the year.​

Hillwood Investment Properties​ is joining HPI in developing Hays Logistics Center Building 2. ​

Helping Texans make the best real estate decisions since 1971

New York firm takes seven-building office campus in Plano 

PLANO (Dallas Business Journal) – 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 parking ratio.

The 374,085-sf campus was 85 percent leased at the time of sale.

Accesso sold the property, which it had owned since 2012. Newmark represented the seller.
Nifty FifthWe're giving y'all another chance to win a $50 Amazon gift card in our Nifty Fifty Scavenger Hunt. Get all three questions correct to get entered in our weekly drawing. This week's giveaway closes at the end of the day on Thursday, June 10. 
Luxury apartments near SeaWorld breaks ground
​SAN ANTONIO (San Antonio Business Journal) – 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 outdoor fireplaces and grilling spaces.

Baxter Contracting is the general contractor, and The SAGE Group is the architect. Greystar will manage the property.​​

Work was originally set to start in fourth quarter last year. The first units will be available late summer 2022, with completion set for summer 2023.

Casey acquired the site in 2017 from Paul Blackburn of Blackburn Properties.
NewsTalk Texas logoHungry for more Texas real estate news? Then feast your eyes on NewsTalk Texas, our online news database. Here are a few of the stories you'll find there this week: NewsTalk Texas is updated each weekday, throughout the day. 

Pennsylvania e-commerce firm signs Houston industrial lease

​​​​HOUSTON (REBusiness Online) – 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, while NAI Partners represented the landlord. ​
Email Notification graphic
Did you know you can get notified every time one of our new economic reports is released? Check out our email notification feature to get the latest economic data sent directly to your email inbox for free. 

Fully leased Austin industrial park sold

​​​​AUSTIN (JLL) – 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. 
Communication Matters video seriesThe Texas Real Estate Research Center's Texas Home Price Index measures price appreciation changes for residential single-family homes. It provides data for eight different Texas metros across three different price ranges.

Fort Capital closes on 620K-sf DFW industrial portfolio 

DALLAS-FORT WORTH (Connect Media) – Fort Capital acquired five Class B industrial properties totaling 618,089 sf.

The properties include:
  • 1170 109th St. in Grand Prairie totaling 93,079 sf,
  • 1901 Windsor Pl. in Fort Worth totaling 148,354 sf;
  • 10920 Indian Trl. in Dallas totaling 144,396 sf;
  • 1115 Sturgeon Ct. in Arlington totaling 170,390 sf; and
  • 2045 W. Walnut Hill in Irving totaling 61,870 sf.

Morgan Group increasing Austin-area footprint

​​GEORGETOWN (Austin Business Journal) – 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.
Looking for reliable rural land data for Mississippi, Louisiana, Alabama, and Texas? We've got you covered. Get the data exclusively from the Texas Real Estate Research Center.
Copyright © 2021, All rights reserved.
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.


 Search RECON Issues