EL PASO, Texas  – CBRE and ViaWest Group announce continued leasing activity at Merchant Industrial, a 245,745-sq.-ft., multi-tenant industrial park in El Paso, Texas.

Jichasa, a trade and door-to-door logistics services firm, leased 81,556 sq. ft., which included a 40,400-sq.-ft. expansion. This marks the second time the El Paso-based firm has doubled in size at the property in as many years. The firm has provided logistics operations and distribution of product across the sister cities of El Paso and Cd. Juárez for more than a decade. Jichasa’s El Paso operations support a powdered milk supplier in Chihuahua, Mexico. The company is also involved in facilitating the transfer and storage between multinational companies, which include companies dedicated to the manufacturing industry.

Tennessee-based Roane Transportation also leased 25,000-sq.-ft. The company provides warehousing and transportation services for the maquiladora industry, thus the property’s fenced and secure truck court, access to Interstate 10 and dock door ratio were all attractive characteristics.

”We are thrilled to have the capacity for both growth and expansion in the project between our new tenant, Roane, and our current tenant, Jichasa,” said Clare Lydon, real estate manager of the project with ViaWest Group. “We have worked diligently to create a product that would be well received in the market and we are happy to see those efforts pay off through our partnership with these tenants.”

Arturo De la Mora of CBRE’s Industrial & Logistics division in El Paso represented the landlord, ViaWest Group.

“Occupancy at Merchant Industrial is 94 percent, up from approximately 50 percent when ViaWest acquired the properties in 2015,” said Mr. De la Mora. “Repositioning efforts and healthy overall market activity are supporting the activity and continued interest from existing and new tenants.”

CBRE Group Inc., the commercial real estate brokerage titan, has unveiled its new Austin headquarters and the results are sleek, uncluttered and high tech.

Located on the 17th floor of the new 500 West 2nd office skyscraper where Google Inc. just settled, CBRE’s 22,000-square-foot space is designed for maximum efficiency with technology that follows a person from front door to computer to phone to copy machine. Employees can even book a conference room remotely using a mobile app.

Click to read more at Austin Business Journal. 

Everywhere you look, one new development after another has delivered in East Austin. A quiet and modest neighborhood that was historically rich in minority populations, gentrification came roaring into the area during the past five years. The proximity to downtown and the ability to assemble properties for far cheaper prices than the west side drove some local companies to dive in.

Endeavor Real Estate Group, Transwestern and Cypress Real Estate Advisorswere among the first to jump in and see what would happen. Since then, many others have followed suit — Cielo Property Group, Capsa Ventures and Momark Development are a few more that come to mind.

Click to read more at Austin Business Journal. 

SAN ANTONIO, Texas: October 12, 2017 – MIMCO, a commercial real estate investment firm, which owns over 7.5-million square feet of real estate in Texas, announced the acquisition of City Base Landing, a 200,000-square foot shopping center in San Antonio, Texas at the intersection of I-37 and SE Military Drive.

            “We are excited to continue to grow our presence in San Antonio and build on our existing relationships with the shopping center’s tenants.” says Troy Marcus, MIMCO’s President of Central Texas.  MIMCO’s San Antonio portfolio is made up of over 1.5-million square feet of shopping centers.

City Base Landing is home to over 40 tenants, including Best Buy, Office Depot, JoAnn, Starbucks, Chick-Fil-A, AT&T, and Chili’s.  The property is shadow anchored by Walmart and Sam’s Club.

For leasing inquiries please reach out to McGee Sauls (512) 599-5777 or msauls@mimcoinc.com .

SAN ANTONIO –  CBRE Capital Markets’ Institutional Properties announces the sale of 3302 North Ellison Drive, a recently constructed, 100,260-sq.-ft., Class A office asset in San Antonio, Texas.

Radler Enterprises purchased the asset from SRP Office Holdings I, LLC for an undisclosed price. CBRE’s Gary Carr and John Alvarado, and Cushman & Wakefield’s Todd Mills and Hunter Mills arranged the transaction on behalf of the seller.

“This is a very unique investment that offered significant credit and new construction quality in the dynamic and highly sought-after San Antonio office market,” said Mr. Alvarado, Senior Vice President at CBRE. “We are pleased to have worked with the buyer and seller in a highly collaborative transaction that validated our ability to bridge capital across the State of Texas.”

The property was completed in 2017 and has an on-site parking ratio well above market standards. It is fully leased through April 2027 to a single tenant. On-site amenities include a full-service cafeteria, outdoor patio with cooking stations, multiple conference rooms, fitness center, wellness clinic and a wooded walking/running trail.

Located in San Antonio’s Northwest market, the property is easily accessible to the Raymond E. Stotzer Freeway. The property’s location in the highly desirable master-planned community of Western Hills offers immediacy to the surrounding Fortune 500 companies as well as the area’s premier shopping, residential and entertainment destinations.