Author: Mia Goulart

Trez Capital announces the portfolio sale of two major projects in Austin

Posted on by Mia Goulart

Trez Capital is proud to announce the dual sale from its Trez Opportunity Funds (TOF) #4 and TOF #5 of The Beacon and The Dalton, located in the Austin region of Texas, as a portfolio to a single purchaser at a price exceeding initial sale expectations and providing investors with returns higher than the original proforma. Both projects are highly sought-after Austin multi-family communities that serve an undersupplied housing market. 

Trez Capital’s Equity Investment Program partners with experienced developers in markets with strong population, job and gross domestic product (GDP) growth. The sale of both projects speaks to the continued growth and unwavering demand in Texas. 

Both projects are in TOF #4 and TOF #5. After the sale of the remaining investments held by each TOF #4 and TOF #5, the Internal Rate of Return (IRR) on these funds are projected to be between 30% and 40%, which is well in excess of the projected IRRs of approximately 15% at the time of underwriting. There are several existing projects still performing in these TOFs, which will provide additional income to investors upon sale.

The Beacon and The Dalton are the fourth and fifth projects that Trez Capital has built in partnership with Thompson Realty Capital, which has over 25 years of experience in acquisitions, development, and property management of multi-family, office, and single-family residential projects. 

The Beacon contains 258 dwelling units, and The Dalton contains 350 dwelling units. Collectively, these two projects add more than 600 high-quality residential units to a booming region in Austin that needs more housing supply. The projects will also offer the communities attractive amenities. 

Trez Capital continues to invest in high-quality development opportunities across North America, particularly in the Sunbelt states such as Texas, Arizona and Florida, for the TOF series and Trez Capital Private Real Estate Fund Trust (TPREF).

Beck Group Names new leader of Austin office

Posted on by Mia Goulart

The Beck Group promoted Ryan Therrell to lead the architecture and construction firm’s Austin office. Therrell succeeds Matt Williamson, who served as regional director for over two decades.

Before his promotion, Therrell was Beck’s director of client services. He was vital to the firm’s growth, helping it win many of Austin’s most high-profile architecture and construction projects.

A few notable design-build projects he’s responsible for include:

  • RiverSouth, the first development in the South Central Waterfront District
  • The new Texas Bankers Association building in Downtown Austin
  • Alto at 924 E 7th Street
  • 600 W 5th 

Therrell was integral to Beck winning the design of the Dell Jewish Community Center expansion and multiple construction projects at Dell Children’s Medical Center.

The Austin native recently established Beck’s Special Projects Group, which focuses on tenant improvement and asset repositioning. It recently won the Texas Permanent School Fund’s tenant improvement project, which begins construction this spring.

Partners arranges 3,215-square-foot retail lease with Pork Chop Screen Printing in Austin

Posted on by Mia Goulart

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged a 3,215-square-foot retail lease with Pork Chop Screen Printing located at 2015 E. Riverside Street in Austin.

Partners’ Todd Mahler represented the landlord, River Crest Investors LP in the transaction.

Partners Real Estate brokers sale of office building on 0.5 acres in Dallas

Posted on by Mia Goulart

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 2,249-square-foot office building on 0.5 acres of land located at 8363 Meadow Road in Dallas.

Partners’ Ryan McCullough, Tyler Jaynes, and Bennett Greenbaum represented the seller, Isla Firenze LTD in the transaction.

Partners Real Estate arranges 47,332-square-foot industrial lease for SUNRGY Solar Distribution in Missouri City

Posted on by Mia Goulart

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, recently arranged a 47,332-square-foot lease for SUNRGY Solar Distribution  located at 12411 Citypark Drive in Missouri City.

Partners’ A.J. Williams and Travis Land represented SUNRGY Solar Distribution in the transaction. Beau Kaleel and Brooke Swerdlow with Cushman & Wakefield represented the landlord, Logistics Property Company.

The  facility will serve as a new headquarters for SUNRGY and allow them to serve customers more efficiently while providing them with top-tier solar energy products and services across the Greater Houston area. SUNRGY is the fastest-growing solar product distributor across the United States and plans to continue its expansion in the coming years.

Lee & Associates Dallas Fort Worth negotiates 106,053-square-foot industrial lease transaction

Posted on by Mia Goulart

Lee & Associates Dallas Fort Worth, one of the largest privately-owned national real estate firms, has completed a new lease transaction for a 106,053-square-foot industrial space located at Southwest Crossing Logistic Center, 5200 South Fwy in Fort Worth, Texas, 76115.

Becky Thompson, Reid Bassinger and Trey Fricke of Lee & Associates Dallas Fort Worth represented the Landlord, Industrial Realty Group. 

James Ewing of Colliers International DFW, Cam Kucic of Colliers International Indianapolis represented the Tenant, Sage Plastics, Inc.