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Versal announces the sale of Mack Road Shops & Storage in Amarillo, Texas. The property has 72 units and 12 parking spots, totaling 36,000 NRSF.
Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne or Versal represented Second Generation Properties LLC, the The team also procured the Valle de Oro, Texas based buyers, Kent and Ramy Jisha.
Versal is an Austin and Los Angeles based commercial real estate firm with a team exclusively focused on the self-storage industry.
Partners arranged the sale of 5.9 acres of land located at 8208 Burleson Road and 4611 Norwood Lane in Austin.
Partners’ Todd Mahler represented the seller WilJam Holdings, LLC in the transaction.
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 1,680-square-foot retail lease with Sports Clips located at 8300 North FM 620 in Austin.
Partners’ Kevin Murphy represented the landlord, Partners’ Capital Group in the transaction.
Hartman has recently announced two new leasing transactions:
Partners Real Estate arranged a 175,562-square-foot lease with UPS Supply Chain Solutions at Enterprise Industrial Park Building VII located at 17455 Lookout Road in Schertz.
Partners’ John Colglazier, Carlos Marquez and Kyle Kennan represented the landlord, BentallGreenOak in the transaction.
TexAmericas Center (TAC), which owns and operates one of the largest mixed-use industrial parks in the United States, has announced Rowe Casa Organics will once again expand operations on its property in to a 24,000-square-foot complex of buildings.
Rowe Casa Organics is an all-natural supplements company producing clean, non-toxic, high quality, and effective products. Its line of more than 250 products ranges from baby, pets, household, outdoor, wellness and personal care items. Founded in 2017, Rowe Casa has grown to be in more than 400 retail stores across the United States, fulfilling over 180,000 orders per year.
Rowe Casa will initially invest $1.5 million toward its expansion, retain 55 workers in the Texarkana region and add 20 more. The investment represents a homegrown success story for the company: TexAmericas Center first welcomed the company to its properties in 2019 when it leased a 4,700-square-foot building that was renovated in just 60 days. Demand, including international sales, for Rowe Casa products makes this recent expansion necessary.
Rowe Casa purchased the existing five-building complex at TexAmericas Center in December 2022. Initial investment will be used to renovate the buildings so the company can be fully operational by September 2023.
Along with expanding production operations and adding more line employees, Rowe Casa will also expand logistics operations in the initial phase of this investment. Inventory and shipping logistics will now be housed within the five-building facility and a loading-dock will be added to increase the speed of shipping.
As Rowe Casa grew it contracted with TAC3PL to take advantage of TexAmericas Center’s third-party logistics services. Now, TAC3PL assists the company to provide more space and flex human resources as needed.
Leadership at Rowe Casa say they wanted to expand within TexAmericas Center because of the great partnership they have developed with the organization, citing that TexAmericas Center invested over $250,000 in improvements to the first leased building in 2019 when the company was less than two years old.
In 2022, 11 new businesses relocated to TexAmericas Center, and tenants on the footprint added 218 new jobs for the region. With occupancy rates over 90 percent for its move-in ready buildings, TexAmericas Center has turned its attention to build-to-suit offerings.