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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

​​​​HOUSTON – Conn’s HomePlus has opened its 656,658-sf distribution center​ at 1401 Rankin Rd. 

The new facility can hold as many as 180,000 units of product—double the company’s current capacity—and employ more than 300 workers with room to grow. ​

The center will house the retailer’s:

  • distribution and logistics operation;

  • service and repair shop;

  • clearance store and corporate support offices;

  • human resources and information technology; and 

  • a customer service call center.

The LEED-certified building is owned by Pennsylvania-based Liberty Property Trust.

texaslogo.pngThe Real Estate Center has more information on Houston's industrial market:

Source: ​Houston Chronicle​

​​​​CORPUS CHRIS​TI – SWBC Real Estate has acquired Stoneleigh Apartments, a 348-unit multifamily community at 18203 Westfield Pl. Dr. 

The garden-style community features one- and two-bedroom units and three pools, a fitness center, communal kitchen, and resident clubhouse. 

Stoneleigh was 95 percent occupied at the time of sale. 

​SWBC will implement a $3.5 million value-add program targeting unit interiors, amenity spaces, and building exteriors.

Texas logoThe Real Estate Center has more Corpus Christi real estate news online.

​​​​IRVING — KDC and Verizon are wrapping up construction of the new 1.2 million-sf headquarters campus for Pioneer Natural Resources.​

Situated on 150 acres within the Hidden Ridge development, the ten-story building overlooks a pond and includes a seven-story parking garage.

Amenities include a daycare, wellness center, and food hall.

Cushman & Wakefield will manage the property. Move-ins will​​​ begin in November.

Texas logoThe Real Estate Center has more information like this online:

​​​LONGVIEW – SkyWalker Property Partners' Cash Flow Fever Fund ​has acquired High Plaza Shopping ​Center, a 58,377-sf retail center at 2430 S. High St.

The new owner earmarked $300,000 for roof and parking lot repairs and cosmetic upgrades.

Strive Commercial Real Estate advisors represented the seller, High Plaza Center Inc.

Beer Wells Real Estate Services will lease and manage the neighborhood center.

Texas logoThe Real Estate Center has more Longview-area news online.

​Source: Connect Media​

​​​HOUSTON – Local self-storage construction is expected to slow this year to 1.66 million sf following two consecutive years with annual deliveries totaling more than three million sf. ​​

According to Marcus & Millichap's second half 2019 forecast, demand hasn’t absorbed the new supply as the vacancy rate will climb 50 basis points this year to 9.9 percent. 

Last year, the large deposit of space spiked the vacancy rate up 280 basis points. 

The metro’s average self-storage rental rate will decline again this year, dropping 1.1 percent to $0.86 per sf. ​

​The ​report also forecasts increases of 3.2 percent in employment and 1.6 percent in population.​​

Texas logoGet more Houston-area news on the Real Estate Center's website:

​Source: Marcus & Millichap​​