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RECON for January 11, 2022RECON for January 11, 20222022-01-11T06:00:00Z2022-01-11T06:00:00Z
RECON Texas Real Estate Research Center
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January 11, 2022

MDH Partners acquires 955K-sf Fort Worth distribution center 

​​FORT WORTH (JLL) – MDH Partners has acquired Everman Crossroads, a 954,610-sf, two building industrial distribution center at 8400 Oak Grove and 1401 Everman Pkwy.

Building one is fully leased​ to Purina and totals 310,292 sf with a 36-ft clear height, 88 dock doors, 109 trailer spaces, and 172 parking spaces. 

Building two totals 644,318 sf with a 40-ft clear height, 142 dock doors, 182 trailer spaces, and 225 parking spaces. 

JLL represented the seller, a partnership between Bandera Ventures and Invesco Real Estate.
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7C snags Houston multifamily property

HOUSTON (Connect CRE) – 7C Equity Group has acquired Turtle Pointe, a 432-unit garden-style multifamily property at 8162 Richmond Ave.

Built in 1976, the asset has studio and one- and two-bedroom floor plans ranging from 576 to 917 sf.

Berkadia Houston marketed the property for the seller, WRH Realty.​ Berkadia Austin arranged acquisition financing.
Sketchy drawing of commercial buildingsThe Texas Real Estate Research Center's Texas Quarterly Commercial Report looks at past, present, and future commercial real estate activity in the state's four major metropolitan areas. It covers the office, retail, and warehouse sectors. Read and download the report for free, and subscribe to know when the next issue is published. 

New Jersey investor picks up Fort Worth industrial asset

FORT WORTH (REBusiness Online) – New Jersey-based Faropoint has ​​purchased Mercantile Distribution Center 40, a 182,500-sf industrial property at 4201 N. Beach St. 

CBRE brokered the deal on behalf of the seller, Marbella Interests LLC.

The asset was fully leased to a single​ tenant at the time of sale.​
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. 

222-unit apartment community sold in Killeen

​​​KILLEEN (REBusiness Online) – Brickstone Villas, a 222-unit apartment complex at 2810 Lake Rd.​, has been sold. 

The property has one- and two-bedroom units. Amenities include a pool and laundry facilitie​s. 

Greysteel represented the seller and arranged acquisition financing on behalf of the buyer. 
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Transwestern starts on industrial project next to McKinney Airport

​​​​​​​​​McKINNEY (REBusiness Online) – Transwestern Development Corp. has broken ground on McKinney National Business Park, a five-building, 945,000-sf industrial project.

The speculative development will be constructed in two phases on 64 acres adjacent to McKinney National Airport. 

​Phase I will deliver in fourth quarter 2022.
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.

Harvard Investments to start second phase of Gregg Ranch community

​​​​MARBLE FALLS (Austin Business Journal) – Harvard Investments Inc. is adding 112 single-family lots in Gregg Ranch. 

Phase two will also include a community center and six miles of trails. 

Construction begins in early 2022. 

Overland Distribution secures LaPorte office lease

​​​​​LaPORTE (REBusiness Online) – Overland Distribution Inc. has signed a 206,369-sf office lease.

Newmark represented the tenant. The landlord is ​Liberty Property Co.
Free Land... Data! Texas, Louisiana, Alabama, Mississippi
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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 Wiley. 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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