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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 – Lionstone Investments has purchased a majority interest in CityCentre Five​ on behalf of a client. 

The Class A, 15-story office building at 825 Town & Country Ln. totals 200,000 sf. It ​is one of five office buildings in the CityCentre portfolio and was more than 95 percent leased at the time of sale. 

JLL represented Midway in the transaction.

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

​Source: ​REBusiness Online​

​​​​​​HOUSTON – EastGroup Properties has broken ground on World Houston 44, a 134,415-sf industrial development at 4120 Consulate Plaza Dr.

The $44 million project will feature 32-ft clear heights, an ESFR sprinkler system, 39 dock doors, four oversized drive-in ramps, 185-ft to 200-ft truck courts, 225 parking spaces, and 30 trailer parking spaces.

The site also includes 2.4 acres for fenced-in outdoor storage. 

Delivery is set for March 2020.

Method Architecture designed the facility, and Rosenberger Construction is the general contractor. InSite Realty will lease the property.​

Texas logoThe Real Estate Center has more on the Houston-area industrial market:

​​​PLANO – Heady Investments is teaming up with Thakkar Developers to build a 90,000-sf office building in the 36-acre Mustang Square development on SH 121.

The four-story office building will include a fitness center, a tenant lounge, conference rooms, and dining areas. 

It will be within walking distance of retail, restaurant, and entertainment venues planned in Mustang Square.​​

Novel Builders is the general contractor.

Texas logoThe Real Estate Center has more Dallas-area office news online:

​​​GRAND PR​AIRIE – Trez Capital has sold the newly developed Winding Creek at the Preserve multifamily asset to a 1031 exchange buyer from California.

Located at 2250 Sara Jane Pkwy., the 314-unit property consists of one-, two-, and three-bedroom units ranging from 651 to 1,257 sf. It is fully occupied. ​​

Amenities include a clubhouse and lounge, storage space, corporate suites, fitness center, pool, game room, pet play area, and package service.

Berkadia brokered the transaction.

TexasThe Real Estate Center has more Dallas-Fort Worth-Arlington multifamily news online.​

Source: Connect Media​

​​​​SAN ANTONIO – Locally based East Commerce Realty LLC has purchased five properties at St. Paul Square from the city for nearly $1.8 million.

The mixed-use properties along Heiman and E. Commerce Streets total 38,000 sf.

Tenants include Smoke BBQ Brew Venue, Ash Basement Bar, Co-Founder Bar, The RK Group, SA2020, MedSpoke, and the San Antonio Hotel & Lodging Association.

Texas logoGet more San Antonio-area real estate news on the Real Estate Center's website:

​​Source: San Antonio Business Journal