Author: Sarah

Legend Communities Rolls Out Rough Hollow Realty & Hacienda Heights

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Austin, Texas—September 13, 2022. Austin-based Legend Communities, a full-service development manager of residential properties, today announced the launch of Rough Hollow Realty (RHR), the exclusive in-house sales company for Lakeway master-planned lakeside community Rough Hollow. The company is simultaneously introducing Rough Hollow’s much awaited, newest luxury hilltop neighborhood Hacienda Heights.

“As Rough Hollow approaches its final phases, the formation of Rough Hollow Realty made sense,” said Bill Hayes, Legend Communities Chief Operating Officer. “We understand the significance of meeting the market demands which is why now is the right time to establish Rough Hollow Realty.”

RHR, located within the Rough Hollow Welcome Center, is equipped with a team of professionals that have been involved since the beginning of development. Prospective clients visiting the Welcome Center will continue to receive the same exceptional service as always, just with an added layer of expertise. RHR can guide clients through discovery of Rough Hollow, with an emphasis on supporting their builder partners and custom homesites, including Hacienda Heights.

The RHR sales team will be led by seasoned real estate professionals Staci Wimbush and Kristin Deloney. Together Wimbush and Deloney bring 25+ years of experience in the residential real estate industry with extensive knowledge of land development, new home construction, contract negotiation and design through their respective roles with Legend Communities and Rough Hollow. In addition to being RHR Sales Associates, Wimbush will continue to serve as Director of Sales and Marketing and Deloney as Senior Real Estate Manager for Legend Communities.

In conjunction with opening Rough Hollow Realty, Legend Communities unveiled Hacienda Heights, the 26th neighborhood within the amenity-rich master planned community. On Thursday, July 28th, VIP guests were invited to view the homesites and meet with the selected luxury home builders. The highly-anticipated neighborhood, located at the highest elevation in Rough Hollow at 1100’ above sea level, will meet consumer demand featuring 15 custom home sites with future custom designed homes averaging at least 3,500 square feet. Award-winning and long-standing Rough Hollow builders Arbogast Custom Homes, Laurel Haven Homes, and Sterling Custom Homes have been tapped to offer the custom home designs in Hacienda Heights. The neighborhood offers sweeping panoramic views of the Hill Country, Lake Travis, and Lakeway and average land and home builds are expected to start at $3M+.

“We are thrilled to unveil Rough Hollow’s newest neighborhood and partner with these exceptional home builders,” said Hayes. “We look forward to continuing to provide custom home options for individuals looking to be part of the Lakeway and Lake Travis community.”

Hacienda Heights will be the first neighborhood that Rough Hollow Realty will represent.

“We are excited to be able to use our talented and experienced team of real estate development professionals to manage the marketing and custom home site sales for Rough Hollow as it reaches its final phases,” said Hayes. “Our knowledge of every facet of this jewel of a community makes us uniquely positioned to be able to give it the attention it deserves.”

Life in Rough Hollow is a boater’s dream, with the 65-mile Lake Travis and an array of water activities only minutes away. Even closer to homeowners’ doorsteps, Rough Hollow offers amenities unmatched by any other lakeside community, including the Rough Hollow Yacht Club & Marina, Rough Hollow’s all season Event Pavilion with demonstration kitchen, and water-themed Highland Village featuring a lazy river, splash pads, children’s pool, adult pool with swim-up bar, a village green and an open-air marketplace giving residents a place to socialize, dine, play and relax.

Pre-sales for Hacienda Heights are expected to begin this month. For information on sales at Hacienda Heights, call 512-617-1776 or visit www.roughhollowlakeway.com. For more information on Rough Hollow Realty visit www.roughhollowrealty.com or call 512.291.6202.

About Legend Communities

Headquartered in Lakeway, Texas, Legend Communities is a full-service development manager of single-family residential, multi-family residential, active adult communities and associated commercial projects in Central Texas, California and Colorado. Legend Communities and its affiliate company in California have earned recognition for their projects from several highly regarded local and national industry associations, including the U.S. Department of Housing and Urban Development (HUD), the Urban Land Institute (ULI), the National Association of Home Builders, and the City of Austin Green Builder Program. The company emphasizes giving back to the communities in which it operates through business, civic and charitable contributions. For more information about Legend Communities, please visit www.LegendCommunitiesinc.com.

About Rough Hollow Realty

Rough Hollow Realty (RHR) founded in 2022, is the exclusive real estate firm for master-planned community Rough Hollow. RHR team members have more than 25 years of combined experience within residential real estate, land development, new home construction, contract negotiation, design and more and understand that navigating the home buying process can be tricky, which is why having an expert local realtor is imperative. The RHR team of experienced agents specialize in luxury lakeside real estate, including throughout Rough Hollow and along the spectacular Lake Travis shoreline. Visit www.roughhollowrealty.com to learn more.

SHOP Co’s and MOD Pizza Officially Surpasses 50 Store Locations in Houston Area

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PHOTO COURTESY OF NICK TERAN PHOTOGRAPHY CONCEPTS & SHOP COMPANIES

SHOP Companies announced that they have officially represented MOD Pizza in its growth to over 50 units in the Greater Houston MSA. SHOP Companies Chris Reyes and Tyler Trevino exclusively represent the nationally recognized fast-casual pizza chain in Houston and South Texas.

“It has definitely been a humbling opportunity and even more exciting journey being able to see what we have accomplished over the years,” said Chris Reyes. He has worked with MOD since 2013 when the company had only a few locations in Seattle, Washington. Since then MOD Pizza has become the largest fast casual concept totaling over 500 locations system-wide in North America.

MOD Pizza has experienced continued success in the Greater Houston market while demonstrating resiliency throughout various economic climates.

Newly Completed Dallas-Fort Worth Industrial Building Finds New Owner

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JLL Capital Markets has closed the sale of DFW Park 161 AMZL, a fully leased Class-A distribution center totaling 219,000 square feet at the Dallas-Fort Worth International Airport in Irving, Texas.

JLL represented the seller, a joint venture between Invesco Real Estate and Perot Development Company.

Completed in early 2022, the 250- by 875-foot building was built-to-suit for Amazon as a last-mile distribution center. DFW Park 161 AMZL features 9.3% office finishes, 32-foot clear height, 17 dock high doors, 18 drive-in doors, 27 trailer parking spots and 1,440 parking spaces.

DFW Park 161 AMZL is located on 55.768 acres of airport land at 3100 State Highway 161, within the master-planned DFW Park 161, just east of Dallas-Fort Worth International Airport and within the DFW Airport Industrial submarket, one of the most desirable industrial submarkets in the region. The property is along State Highway 161, which is one of the area’s main north and south transportation arteries and carries more than 123,000 vehicles per day. In addition to the ability to easily reach the entire DFW metro area quickly, the property has connectivity to the Texas Triangle, the area between DFW, Houston, San Antonio and Austin that houses 25 million residents, which is expected to grow to house 78% of the state’s population within the next 40 years. With $1.32 trillion in economic output, this area ranks among the world’s 15 largest economies.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Dustin Volz and Stephen Bailey, Directors Dom Espinosa and Zach Riebe and Analyst Jack Copher.

Finial Group Extends Lease at 6820 Bourgeois Road in Houston

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John Buckley and Jack Gaffney of Finial Group renewed a lease at 6820 Bourgeois Road in Houston, Texas. The tenant, 11 Below Brewing Company, brews unique craft beers, serving draft beers throughout the Greater Houston area.

The 10,611-square-foot building is located in the Four Seasons business park in Northwestern Houston, with proximity to State Highway 249, Beltway 8, and FM 1960.

John Buckley and Jack Gaffney represented the landlord in this transaction.

Alliance Industrial Breaks Ground at Corridor Commerce Center

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Alliance Industrial Company broke ground on Corridor Commerce Center. Corridor Commerce Center is a distribution building totaling 157,450 square feet, located at 18200 IH-35 in Buda, Texas. Located along the Texas Innovation Corridor, the project has significant IH-35 frontage and direct access to the State Loop 4 South and Gateway Boulevard intersection. This is Alliance Industrial Company’s second speculative project to break ground in the region. At the beginning of June, Alliance and the City of Kyle announced the groundbreaking of Kyle/35 Logistics Center. These projects represent a major investment in Central Texas.

Situated on an approximately 12-acre site, this Class-A industrial building will offer irreplaceable IH-35 frontage, and immediate North and South bound access to IH-35. The building will have ESFR sprinklers, 32 dock-high doors and two drive-in ramps, a 32-foot clear height and is located in a Triple Freeport Tax Exemption district.

The design of Corridor Commerce Center provides maximum flexibility to accommodate users from 37,000 square feet to 157,450 square feet. Four entry and exit points, two along IH-35 and two along State Loop 4 South, provide superior access to the project. The Building features 195 parking spaces and a 135-foot truck court.

Carter Thurmond and Nash Frisbie with Transwestern are handling the leasing for Corridor Commerce Center. The project was designed by Seeberger Architecture and civil engineering was done by Langan Engineering. The project is expected to deliver in March of 2023. More information about Corridor Commerce Center in the project brochure.

Marcus & Millichap Negotiates Metroplex Multifamily Sale

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Marcus & Millichap announced the sale of Pleasant Creek, a 159-unit apartment complex in Lancaster, Texas.

Hoover and Marcus & Millichap’s Nick Fluellen and Chris Pearson represented the seller, and procured the buyer, Cove Capital Investments LLC, a Delaware Statutory Trust (DST) sponsor company specializing in 1031 exchange investments.

Twenty minutes from Downtown Dallas, the property is near three major highways, Interstate 35, Interstate 20 and Texas State Highway 342. Nearby employers include Northrup Grumman Systems, Dallas Boss Truck Stop and FFE Logistics. Lancaster City Park and Country View Golf Club are five minutes away and Dallas College Cedar Campus is close by.

Pleasant Creek is a 16-building, controlled-access community with a swimming pool, fitness center, business center and on-site laundry facilities. All apartments have fireplaces, walk-in closets and a private patio or balcony. Select units have faux-wood flooring, brushed nickel hardware and two-tone paint.