Texas IOS Market Moves: September 1 - 30
Texas continues as the nation's proving ground for IOS with institutional buyers, local developers, and major brokerages all active in September's leasing, acquisitions, and financing.
Texas IOS Market Moves: September 1 - 30
Texas continues to be the nation’s proving ground for IOS. With institutional buyers, local developers, and major brokerages all active, the Lone Star State has seen leasing, acquisitions, dispositions, and financing all make headlines this month.
Major Acquisitions Stonelake Capital Adds 10 Acres in DFW - Transaction: Stonelake Capital Partners acquired two sites totaling 10 acres at 2205-2115 Country Club Drive (Carrollton) and 1209 W. Trinity Boulevard (Grand Prairie). - Property: 15,115 SF of industrial buildings. - Broker: Chris Wong with Bradford Commercial Real Estate Services.
Apricus Buys 9.2 Acres in Houston Metro - Transaction: Apricus Realty Capital and ABR Capital Partners acquired 403 W. Brentwood Street in Channelview. - Property: 50,000 SF of improvements, leased to GLF Plant Services. - Apricus Team: Garrett Marler, Cort Martin.
Capital RE Investments Buys 4 Acres in San Antonio - Transaction: Capital RE Investments acquired 1430 E. Houston Street. - Property: 54,000 SF industrial buildings. - Brokers: Derick Perkins, Kyle Fischer (Alpine Partners) for seller Avalon Motor Coaches; Troup Rolland, Blake Deer, Carson Deer, Matt Cooper (Capital Real Estate Commercial) for buyer.
CanTex Expands in DFW - Transactions: - 1506 I-35W in Denton ( 3.9 acres, 33,758 SF building, leased to Siddons Martin Emergency Group). - Broker: John Anderson with Lee & Associates. - 8000 Sovereign Row in Dallas ( 2.65 acres, 42,127 SF building plus fenced yard). - Broker: Chase Miller with NAI Robert Lynn.
Realterm Goes Big in El Paso - Transaction: Realterm acquired 34.11 acres at 11090 Gateway Boulevard. - Property: 30,632 SF fleet maintenance facility, fully leased to TFA Logistics. - Realterm Team: Ed Brickley, Brennan Cascarano, Joe Noon, Gianni Vissat, Jack Devlin, Tommy Feeney, Brian Dowling, Glenn High.
Alterra Scoops Up 22 Acres in San Antonio Metro - Transaction: Alterra IOS acquired 11226 I-10 East in Converse. - Property: 75,939 SF of industrial buildings, fully leased. - Alterra Team: Gavin Weaver. - Brokers: Kenny Hartmann, Colton Perkins, Andrew Katzfey with Stream Realty Partners.
Birddog Ventures Buys in Fort Worth - Transaction: Birddog acquired 3.26 acres at 813 Southway Circle. - Property: 21,377 SF industrial building. - Birddog Team: Joshua Oerke, Jon DuCharme, Brandon Schubert. - Brokers: Kirk Kelly, Blake Grable, Lyndon Todd with Transwestern.
Brennan Investment Group Buys 2 Acres in Austin - Transaction: Brennan Investment Group acquired 505 W. Yager Lane. - Property: 18,982 SF building. - Buyer Brokers: Morgan McMahen, Morris Green, Trey Blasingame with KBC Advisors. - Brennan Team: William Saied.
Titan Brokers 5.05 Acres in Houston - Transaction: Titan Commercial facilitated the sale of 1310 Spears Road. - Property: 17,200 SF industrial buildings. - Brokers: Jared Gillespie, Peyton Easley with Titan (buyer side).
Dispositions Transwestern Sells 6.5 Acres in San Antonio Metro - Transaction: 9492 Corporate Drive in Selma, TX. - Property: 10,000 SF building, leased to United Rentals. - Brokers: Luis Garza (seller) and Charlie Weil (buyer), both with Transwestern.
Marcus & Millichap TAG Group Sells in Austin Metro - Transaction: 1100 S. Industrial Blvd in Round Rock. - Property: 0.57 acres, 18,982 SF. - Brokers: Gunnar Vachris, Tyler Ranft, Adam Abushagur.
Matthews Sells 2.22 Acres in Lubbock - Transaction: 408 County Road 7200 for $850,000. - Property: 5,000 SF building, tenant Core & Main with extended lease. - Broker: Taylor Dintzner with Matthews.
Stream Realty Partners Sells 8 Acres in Houston - Transaction: 7560 Breen Drive. - Property: 1,842 SF building, partially leased. - Stream Team: Jack Rathe, Tyler Maner.
KBC Advisors Sells 128 Acres in Houston for $90M - Transaction: 6401 N. Eldridge Parkway to Brennan Investment Group. - Property: 1.15M SF across 16 buildings + IOS yards. - Brokers: John Ferruzzo, Jack Ferruzzo with KBC.
Obsido Sells 2.6 Acres in San Antonio - Transaction: 3410 Steen Street. - Property: 16,000 SF warehouse, leased to Resilient Energy Solutions. - Brokers: Joshua Swank, Ron Kotel with Obsido.
Leasing First Houston Leases in Laredo - Transaction: 13523 Evolution Loop. - Property: 3.4 acres, 20,604 SF building. - Team: Juan Fraga, Patrick McKiernan, James Mashni, Edgar Lee (First Houston).
Partners Signs 17.14 Acre Lease in San Antonio Metro - Transaction: 14603 Speedway Park, Von Ormy. - Landlord: Evergen Equity. - Brokers: Stan Nowak, Colten Courtney, David Oldham with Partners Real Estate.