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News – San Antonio

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

SAN ANTONIO – Alamo Property Investment LLC has acquired the Arevalo Alamo building at 219 N. Alamo St.

Falcon International Bank provided $3 million in capital dept for the sale, according to county records.

Built in 1907, the building served as SA's first YMCA prior to being renovated and converted to office space.

Quality Services International LLC was the seller.

​​​EL PASO – Kansas-City based VanTrust Real Estate has broken ground on phase two of the El Paso Logistics Park.

Phase two will add 483,698 sf of Class A industrial space and two buildings.

Both buildings will have 32-ft clear heights, 52 dock positions, ESFR sprinkler systems, and parking for over 150 cars and 85 trailers.

Phase two will wrap up in April 2023. The complete park will span nearly one million sf.​

AUSTIN – Fairfield University's Marion Peckham Egan School of Nursing and Health Studies will expand to Austin if approved by the New England Commission of Higher Education.

JLL secured a ten-year, 23,040-sf lease at 7951 Shoal Creek Blvd. on Fairfield's behalf.

This is the Connecticut university's first expansion within the United States.

JLL represented the tenant. MFB Real Estate Services LLC represented the landlord, West Austin Holdings.​

GALVESTON – Galveston Island State Park's beachside reopens June 27 after a series of renovations that began in the summer of 2019.

The Galveston Island State Park Beach Redevelopment project included improvements such as new roads, 95 new campsites, a new park headquarters building, two new changing areas and rinse-off showers, two new restrooms, 20 new shade shelters, and a seasonal equestrian area.

The project was made possible by $10.6 million in Deepwater Horizon Natural Resources Damage Assessment (NRDA) Phase III Early Restoration funds from the Texas Trustees.

​WESLACO – Johnson Controls will open a 123k-sf industrial facility late in the fourth quarter.

The facility will sit on 2.3 acres and will feature office, assembly, and distribution space. It is expected to create 100 jobs.

​Johnson Controls, a manufacturer and distributor of building products and equipment, will initially invest about $5.5 million in Weslaco.​