Manhattan Wins ASA North Texas Chapter “Platinum $1 Billion +” Award for Construction of Globe Life Field

ARLINGTON, TEXAS – Manhattan Construction Company has been honored by the American Subcontractors Association (ASA) North Texas Chapter with the “Platinum $1 Billion + Award” for construction of Globe Life Field in Arlington, Texas. ASA North Texas is an industry organization that advocates for the subcontractor and supplier community, promoting fair business practices and providing professional education and networking opportunities throughout the construction industry. The ASA awards program recognizes outstanding projects in the commercial and industrial construction industry. The awards were presented during the organization’s event Friday, June 4, 2021, at Live! By Loews in Arlington, Texas.

“Manhattan Construction is greatly honored any time that our specialty trade partners honor us with their association award. This one means so much to our team,” Greg McClure, Manhattan Construction Company, Senior Vice President.

Built by Manhattan Construction Company and its trade partners, Globe Life Field is a new multi-purpose entertainment and sports facility for the Texas Rangers Baseball Club and the City of Arlington. The new 40,000-seat retractable-roof facility was built on a fast-track schedule.

From October 2017 to March 2020, Manhattan Construction team members and its trade partners spent more than 6 million work hours constructing the 1.8- million-square-foot ballpark.

Globe Life Field is a concrete and steel structure wrapped in glass, architectural precast, stone, and metal panels. The seven floors of the facility include multiple concourses, suites, restaurants, clubs, kitchens and concessions, retail areas, office spaces, and broadcast areas, in addition to baseball operations and clubhouses.

Approximately 130 Manhattan team members worked on the stadium, including superintendents, project managers, project engineers, carpenters, laborers, and operators. All told, about 11,000 people worked on-site throughout the project’s life, including team members with Manhattan’s 110 trade partner companies.

As a tribute to those who worked on the Globe Life Field project, Manhattan Construction Company created TEAMWORK magazine. The stories in this publication provide a window into the behind-the-scenes feats of collaboration that show how important our partners were in building this tremendous structure. You can view TEAMWORK magazine here: //www.mydigitalpublication.com/publication/?m=62457&i=652802&p=0

Refuel Electric Vehicle Solutions Combines EV Charging Stations with Commercial Real Estate Expertise

HOUSTON–(BUSINESS WIRE)–Refuel Electric Vehicle Solutions (REVS), a Houston-based firm offering full-service electric vehicle charging station consultation, installation and management for commercial real estate owners and developers, has officially entered the marketplace. Founded by commercial real estate veteran of 40 years, David Aaronson, and his co-founder and Head of Operations, Mike Aaronson, REVS is addressing a growing need within the commercial real estate and sustainability sectors.

“We are excited to immediately offer our clients the countless benefits associated with EV charging stations, including additional revenue generation and marketing opportunities and potential green or carbon credits.”

REVS goal is simple: to assist property owners, managers, and real estate developers in providing the infrastructure, equipment, and ongoing support needed to refuel electric vehicles in areas where vehicles remain idle for 3+ hours, such as multifamily developments, office buildings, hotels/motels and shopping centers. The REVS team is already helping several clients meet this goal and installing charging stations in multifamily and commercial properties across Texas and California in the coming weeks. Click to read more at www.businesswire.com.

Here’s How To Reduce Energy Costs In Commercial Real Estate

High-quality automated shading slashes lighting energy use, while at the same time enhancing occupant comfort. Modern LED lighting with advanced controls also greatly cuts lighting energy use, and offers superior results. These are among key findings of research undertaken by the Portland, Ore.-based New Buildings Institute (NBI). The insights should provide commercial real estate owners and operators with keys into implementing lighting and shading retrofits in today’s commercial buildings.

In 2017, NBI spearheaded a major research undertaking underwritten by the California Energy Commission. Titled “Leading in LA,” the project addressed the crucial need to deliver cost-effective, scalable means of dramatically reducing energy use in existing commercial buildings throughout the Golden State. Lawrence Berkeley National Lab and well-known energy-efficiency companies took part in the four-year endeavor, which incorporated lab testing and field demonstrations at two sites.

Click to read more at www.forbes.com.

Lewisville’s 90-Acre Resort-Style Complex Hebron 121 Bought by East Coast Investor

Hebron 121 Station in Lewisville, one of Dallas-Fort Worth’s largest privately owned luxury multifamily developments, has been sold, seller Huffines Communities announced last month.

EastSky, a multifamily investor with properties primarily on the East Coast, purchased the 90-acre “resort-style” complex from brothers Donald and Phillip Huffines, co-owners of Huffines Communities, for an undisclosed amount. The development includes 1,429 units and more than 2,000 residents and is near Interstate 35E at State Highway 121, as well as Denton County Transit Authority’s Hebron Station on the A-train line.

The Huffines, Lewisville natives, began the massive project when they purchased the land in 2007, building the development out over 10-plus years and five phases.

The first phase of 250 units opened in 2011, but the property now includes both apartments and townhomes with upscale amenities including four pools, sand beaches, fountains, entertainment lounges, an on-site restaurant and convenience store and a swim-up bar.

The last phase finished about two years ago and, with some of the leasing challenges brought on by the COVID-19 pandemic behind them, the Huffines decided to put it on the market.

“We just decided it was time,” Phillip Huffines said. Click to read more at www.dentonrc.com.

Newly Constructed Class A Industrial Facility in Fort Worth Trades Hands

CBRE announced the sale of Interstate Crossing, a newly constructed, 1,023,488 sq. ft. Class A+ distribution facility in Fort Worth, Texas.

CBRE’s Jack Fraker, Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber with CBRE National Partners represented the seller, Hunt Southwest Real Estate Development, LLC, in the transaction. A publicly traded REIT purchased the long-term leased fulfillment center for an undisclosed purchase price.

Located at 1851 NE Loop 820, Interstate Crossing’s Class A+ physical specifications, along with its strategic location along Interstate 820 and Interstate 35W, have positioned it well to compete with other top-tier industrial buildings in the market. The facility features 40’ clear heights, 100% HVAC in the office and warehouse, ample trailer and auto parking with expansion options, and 195’ truck courts.

“Beyond its state-of-the-art construction, Interstate Crossing drew heavy interest from the capital markets based on its best-in-class tenancy and its infill location within one of the largest and most active industrial markets in the nation. The sale of Interstate Crossing, originally developed as a speculative project, resulted in a significant and positive outcome for our stakeholders, the Lamar Hunt Family,” said Hunt Southwest President T. Preston Herold.

Located within the North Fort Worth submarket, Interstate Crossing is near high population growth and vast labor pools. The location along Interstate 820 and Interstate 35W is undergoing major infrastructure investments over the next two years, which will drive industrial demand in the area into the future.

According to CBRE’s U.S. Industrial & Logistics Figures for Q1 2021, the industrial market shows no signs of slowing down. Companies are leasing space at a historically robust pace to accommodate the large increase in e-commerce sales. Nearly 100 million sq. ft. was absorbed in Q1, the third highest mark on record.

Mohr Capital Sells Amazon Last-Mile Facility In Austin, Texas

AUSTIN, Texas, June 1, 2021 /PRNewswire/ — Mohr Capital, a Dallas-based privately held real estate investment firm, has sold MetCenter Building III, a last-mile distribution facility occupied by Amazon in Austin, to Four Springs Capital Trust in an off-market transaction.

The 160,000-SF warehouse/logistics building is located at 7000 Metropolis Drive in Austin’s Southeast industrial submarket. The property is 100% occupied by Amazon.com Services LLC and serves as its primary last-mile distribution facility in the Austin metro area. The sale includes the adjacent 20-acre parking lot, which is also currently leased by Amazon.

“After more than a year of owning the facility and the departure of one of its occupants, we worked closely with Amazon in 2020 and early 2021 to exercise its right of first offer to fully occupy the building through 2031. While our intention was always to hold this asset long-term, Four Springs’ off-market offer was very compelling. The extended lease-term, the credit quality of the tenant, the solid real-estate fundamentals of the industrial market and the great relationship we have with Four Springs made this deal possible,” said Rodrigo Godoi, managing director of investments for Mohr Capital.

In 2019, Mohr Capital secured MetCenter Building III as part of a 404,800-SF portfolio acquisition from Zydeco Development. At the time of purchase, the portfolio consisted of MetCenter Building III – then occupied by both Amazon and Uber Advanced Technologies – as well as a four-building, 244,800-SF office facility occupied by technology, government and health care tenants. Click to read more at www.prnewswire.com.