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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​LANCASTER – California-based ThredUp is leasing a 600,000-sf fulfillment center ​​​from Dallas-based IDI Logistics. 

The facility will be on 35 acr​​es at the southeast corner of Interstates 35E and 20. It will open in late 2022. 

ThredUp will make a $50 million investment and create 1,500 jobs.

The city council approved the project and a maximum incentive grant of $150,000 for creating at least 150 full-time jobs by Jan. 1, 2026.

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

​AUSTIN – Arrive Logistics has signed a lease extension and expansion at MetCenter Business Park.

The company renewed 78,000 sf of ​space within buildings 14 and 15 and leased an additional 38,000 sf in the latter.

​Other tenants at the business park include Amazon, Ascension Seton, Texas Health & Human Services Commission, and Power Home Remodeling.​

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

​DALLAS – Houston-based New Waverly Holdings has acquired the​ historic Oilwell Supply Building at 2001 N. Lamar St.

The five-story, 70,000-sf building in the West End historic district was built in 1923. In recent years, it has housed a variety of businesses, including creative and hig​h-tech firms.

The purchase was financed with a $3.5 million loan from BancorpSouth Bank.​

Texas logoThe Texas Real Estate Research​ Center has more on DFW real estate news:

​HOUSTON – ​​​Johnson Development Services and M/I Homes have started construction on a 238-acre residential project along the FM 2920 corridor near Mueschke Rd. 

The community, named Sorella, will have 40- and 50-ft hom​e sites and half-acre lots around an amenity lake. 

Of the 838 home sites, 433 will be built by M/I Homes. Prices will start in the $200,000s. 

Johnson Development Services will sell its 405 home sites​ to Newmark Homes and Beazer Homes

Lot delivery is slated for the end of next year. Model and inventory homes will be available by spring 2023.​

texaslogo.pngThe Texas Real Estate Research Center has more information on housing:​

​​AUSTIN – KK​R has sold Riata Corporate Park, an eight-building office campus at 12331 Riata Trace Pkwy.

The campus is fully leased to tenants including Accenture, Allergan, the Advisory Boa​​rd Company, Sonic Healthcare, and Zynga. 

According to Bloomberg news service, the buyer is an affiliate of Starwood Capital Group.

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