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Partners arranged two leases totaling 5,000 square feet of retail space at Trails at 620 located at 8300 North FM 620 in Austin.
Freebirds World Burrito inked a lease renewal for 3,500 square feet of space, and Pro T’s, LLC linked a lease renewal for 1500 square feet of space.
Partners’ Kevin Murphy represented the landlord, Partners Capital in both of the transactions.
Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 2,930-square-foot Schlotzsky’s restaurant located at 13613 TX-29 in Liberty Hill, Texas.
Partners’ Landan Dory represented the buyer, AJH Williamsburg, LTD., in the transaction. Jon Wertz of Wertz Commercial represented the seller. The transaction took place due to a 1031 exchange.
Hartman INCOME REIT MANAGEMENT, Inc. has recently announced two leasing transactions in Texas:
Dalfen Industrial recently completed Tuscany Logistics Center in Austin, and congratulates Kroger on their grand opening of their delivery service center. They have leased a 70,000-square-foot building for six years. Tuscany Logistics Center was developed by Dalfen Industrial and includes three new, Class A distribution centers totaling 373,648 square feet. The other two buildings have been leased by Target and Diligent Delivery.
Tuscany Logistics Center is located in the northeast Austin industrial submarket, providing a great location to service both Austin and San Antonio. This development has great access to the metro’s major thoroughfares such as I-35, US-183, US-130, and US-290. It is also located in close proximity (3.5-miles) to the Austin-Bergstrom International Airport.
Dalfen Industrial owns and operates nearly 1.8 million square feet of industrial properties in the Austin market.
CBRE has arranged the sale of Denton Point I & II, two warehouse and distribution facilities totaling 242,320 square feet in Denton, to San Diego-based Westcore for an undisclosed price.
Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.
Denton Point I is a 112,320-square-foot facility located at 451 S. Western Blvd. with 3,744 square feet of office space and 28 dock doors. It is fully occupied by DHL Supply Chain. Denton Point II is a 130,000-square-foot facility located at 421 S. Western Blvd. with 6,581 square feet of office space and 32 dock doors. Lowe’s Home Centers occupies 78,000 square feet and Muenster Milling Company occupies 52,000 square feet in the building.
Both buildings were delivered in 2022 and feature institutional quality specifications, including concrete tilt-up construction, 32-foot clear heights, ESFR sprinkler systems, LED lighting, and heavy power. The rear-load facilities also feature 180-foot truck courts, as well as 38 trailer- and 125 auto-parking spaces each.
The property sits on an 18.59-acre site approximately 2.1 miles from the I-35E/I-35W interchange, providing tenants with direct trucking routes to both Dallas and Fort Worth’s CBDs.
The sales tax allocation for the City of McAllen for February is $10.6 million, up 7.94% from last year’s revenue generated in retail sales for the same month of December (2022 vs 2021), when McAllen collected a record $9.8 million in sales tax revenue.
“Sales tax revenue is not only a boost for economic development for our community, but also, helps to provide property tax relief to McAllen taxpayers, allowing the City of McAllen to have one of the lowest property tax rates in the Rio Grande Valley,” said McAllen City Manager Roel “Roy” Rodriguez, P.E. “McAllen is the top South Texas retail destination south of San Antonio, drawing in shoppers from throughout the region, including northern Mexico. This allows the City of McAllen to continually invest in the quality of life for our residents and all who come to work, play, shop or do other business in the city.”
Year to date sales tax allocation for the City of McAllen is currently up 5.81% from last year.