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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 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​

​​​​​Image of the shopping center. ​BEAUMONT – A Houston-based LLC has purchased Mars Plaza, a 26,500-sf shopping center at 2949 College St. 

Built on 2.5 acres in 2013, the two-building property is home to Little Caesars, Lone Star Tax Service, Farmers Insurance, and Magic Fiesta. 

Marcus & Millichap represented the seller, a locally based developer.

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​​​​​​Villas Del Sol and WedgewoodFORT WORTH – A Dallas-based limited liability company has sold two multifamily communities totaling​ 222 units.

Villas Del Sol at 6100 Westcreek Dr. and Wedgewood Apartments at 2819 Walton Ave. have 104 and 118 units, respectively. 

Marcus & Millichap marketed the properties on behalf of the seller and secured the buyer, a private investor. 

The new owners will change property management and implement ​a capital improvement program.  

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​Source: Marcus & Millichap

​​Units at Academy Mini Storage at 706 SH 95LITTLE RIVER-ACADEMY – Temple-based Grossman Family Trust has sold Academy Mini Storage, a 208-unit storage facility at 706 SH 95.

Built in 2003, the property offers 27,000 sf of rentable space and nine acres for future expansion.

Bellomy & Co. represented Grossman.

The facility was 68 percent occupied at closing.

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​Source: Bellamy & Co.

​​​Holiday Inn Express at 409 E. Missouri Ave.EL PASO – Landstar Hotels, a hotel group based in Ciudad​ Juarez, has purchased the 112-room Holiday Inn Express at 409 E. Missouri Ave.​​​

Renovations will begin this spring.

Landstar is also building the 100-room Springhill Suites by Marriott at 1300 Airway Blvd.

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