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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

​​​Rendering of Phase I's completion. HOUSTON – Locally based Investment & Development Ventures LLC (IDV) has broken ground on the two-building first phase of the 3.5 million-sf South Belt Central Business Park. 

​​According to IDV, the first building will be a 274,680-sf cross dock facility with 32-ft clear heights, ESFR sprinklers, trailer parking, and 307 parking spaces.

The second will be a 130,800-sf building featuring 32-ft clear heights, a 130-ft truck court, ESFR sprinklers, side load space, and 260 parking spaces. 

Phase I will deliver in fourth quarter 2020. 

Cushman & Wakefield will handle leasing for the project.

South Belt Central Business Park is on 214 acres at the northeast corner of Beltway 8 and Cottingham St. 

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​Source: REBusiness Online​

​​​ALEDO – A partnership between Civitas Senior Living and Journey Capital will develop Harvest Senior Living, a 110-unit senior housing community at 900 Bailey Ranch Rd.

The 7.5-acre, 68,000-sf community will have 70 assisted-living, 20 memory-care, and 20 independent-living units.

Amenities will include a salon and creative arts studio.

Construction begin in June and will ​​be complete by winter 2021.

texaslogo.pngLooking for more Dallas-area senior living news? The Real Estate Center's got you covered. ​

Source: REBusiness Online​

​​​​TEXAS CITY – Odyssey 2020 Academy Inc. has signed a 50,000-sf industrial lease at 10000 Emmett F. Lowry Expy.

The property is just east of where the expressway meets I-45.​

Lee & Associates represented the tenant in the lease negotiations.

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​Source: REBusiness Online​

​​​Rendering of 64,000-sf manufacturing facility. HOUSTON – Texas Injection Molding has purchased 6.8 acres at 11016 Bay Commerce Dr.​ to develop a 64,000-sf production plant.

Phase one will be construction of the $6.5 million plant. The second phase will expand the facility to 94,000 sf. Phase one will be delivered late this year. 

The buyer, a manufacturer of plastic injection molded products, purchased the land from Wycoff Development Corp.​

Bank of America is financing the project via a 504 SBA loan.

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​Source: Houston Business Journal​

​​​​Rendering of the 62.5K-sf building.LAKE JACKSON – Missouri-based Olin Corp. is building its new Technology and Administration Center to serve as the main building for its ​Texas operations.

Formerly a Randall’s grocery store, the 62,500-sf property at 604 SH 332 will consolidate more than ​200 employees from seven area offices. 

When renovations wrap up this summer, the building will feature an open floor plan with glass interior walls, large windows, and a 130-seat industrial design training hall.

Dallas-based owner/developer St. Ives Realty and partner LandPlan Development Corp. are leading the construction. LSI Construction is also on the building team. 

Houston-based Osborn & Vane Architects designed the building.

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​Source: Houston Business Journal​