Greysteel has arranged the sale of an 84-unit multifamily property located in Austin near the University of Texas. Senior Directors J.R. Ellis and Jack Stone based respectively in the company’s Austin and Dallas Offices negotiated the transaction on behalf of the seller.

University Quarters is a multifamily community within walking distance of The University of Texas campus, consisting of four buildings – built between 1973 and 1978 – and 84 units in total. The property offers all one-bedroom units averaging 450 square feet in size. University Quarters is within a 12-minute walk to the heart of campus as well as a significant number of restaurants, stores, and entertainment outlets along Guadalupe Street, West Campus’s main retail corridor.

Texan Title Holdings, LLC renewed 2170 square feet at 613 NW Loop 410 in San Antonio, Texas. Kacie Skeen represented the landlord, Hartman Income REIT.

SAN ANTONIO – Aug. 29, 2022 – Stream Realty Partners has broken ground on five new industrial buildings on 45 acres directly across from San Antonio International Airport.

Stream, a national estate services, development, and investment company, aims to finish construction on Interpark Logistics Center in August 2023. The 689,215-square-foot development is bounded by U.S. 281, Wurzbach Parkway, West Avenue, and Interpark Boulevard. It will include five Class A office/warehouse buildings and five pad sites for future retail and commercial uses.

“This project represents one of the last true infill opportunities in San Antonio and is an ideal location for last-mile distribution users, showrooms, and warehouse companies needing a central location to service their customers, ” said Michael T. Kent, Executive Vice President of Stream San Antonio’s industrial team. “Warehouse companies want to be in the North Central part of San Antonio, but historically there were very limited availabilities. We were finally able to find a tract that has the necessary features for this type of business park.”

Interpark Logistics Center will feature five buildings ranging in size from 119,600 square feet to 155,475 square feet. Each structure will have a minimum of 24 dock doors with two drive-in ramps, 32-foot clear heights, 130-foot truck court depths, and Early Suppression, Fast Response (ESFR) sprinklers. Building details include:

· Building 1: 119,600 square feet, 24 dock doors, 49 trailer parking spaces, and 85 car parking spaces.

· Building 2: 155,475 square feet, 40 dock doors, 51 trailer parking spaces, and 223 car parking spaces.

· Building 3: 131,290 square feet, 24 dock doors, and 174 car parking spaces.

· Building 4: 131,290 square feet, 40 dock doors, six trailer parking spaces, and 206 car parking spaces.

· Building 5: 151,560 square feet, 26 dock doors, 19 trailer parking spaces, and 132 car parking spaces.

The business park will have eight points of entry that offer immediate access to Wurzbach Parkway and U.S. 281. It is 12 miles from Downtown San Antonio and within a 30-minute drive of a labor force with more than 2.1 million people.

Interpark Logistics Center is owned and overseen by Stream’s Investment Management Platform, which leverages expertise from Stream’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively owns 38 investments of 17.5 million square feet and approximately $2.2 billion in assets under management. Kent and Vice President Payton Rion will oversee leasing for Interpark Logistics Center. Stream San Antonio will also provide property management services at the project, adding to the firm’s more than 10-million-square-foot leasing and management portfolio. For leasing information, contact Stream San Antonio at 210.930.3700.

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Pecan Springs, a 344-unit, stabilized asset in the Far Northwest submarket of San Antonio.

“Situated in a submarket that ranks the highest in the city in terms of rent growth, averaging 18.8% in 2021 while achieving 96.7% occupancy, Pecan Springs is prominently located just off Interstate 10 near the Loop 1604 intersection,” said IPA Executive Managing Director Will Balthrope. “This asset boasts strong historical performance, averaging 96% occupancy in the trailing 12 months while growing effective rents 13%.”

Balthrope and IPA’s Drew Garza represented the seller, American Landmark, and procured the buyer, StoneRiver Company.

“Pecan Springs’s proximity to leading entertainment and retail resources such as The Rim and The Shops at La Cantera, and major employment centers, made this an attractive asset to prospective buyers,” added Garza. “We held a highly competitive sales process for Pecan Springs as buyers gravitated to the continuous population and economic growth of the San Antonio submarket where 100,000 additional jobs are expected by 2025.”

Pecan Springs is a three-story, garden-style property built on 16 acres in 2013. The property has Hill Country views and a low-density site plan with mature oak trees and ample greenspace. Apartments have nine-foot ceilings, stainless-steel appliances and pendant lighting.

DWG Capital Partners (DWG), a private commercial real estate investment firm led by President Judd Dunning, has completed the acquisition of 9606 Old Manor Road, a single-tenant, 10,500-square-foot facility in Austin. It has been fully net leased to custom architectural and structural steel fabricator, Austin Iron, since 2014.

Founded in 2011, Austin Iron works with leading commercial and residential contractors, architects and designers in a state that has undergone a massive surge in development. A swell of big tech relocations has created an influx of job opportunities and rising demand for homes.

“The addition of this industrial asset to our portfolio is in line with our strategy of intelligent investment,” said Dunning. “Austin continues to perform as one of the nation’s strongest industrial markets with consistently elevated metrics and a strong pipeline for growth. We are thrilled to have been able to secure local financing to acquire this well-positioned asset with value-add opportunity.”

Dunning secured fixed-rate acquisition financing from First Bank Texas. Drew Boroughs and Andrew Gross of Matthews Real Estate Investment Services represented the private seller.

Austin was recently ranked as the nation’s strongest jobs market in a report by The Wall Street Journal and Moody’s Analytics. 9606 Old Manor Road is located between two of East Austin’s biggest employers, electric car giant Tesla, and global engineering powerhouse, Applied Materials. According to Dunning, the property adds a lower risk industrial asset with limited downside to DWG’s diverse portfolio of NNN properties located in primary and tertiary markets across the U.S.

“We look forward to continuing to serve investors with our value-add and sale-leaseback approach to effective investment and plan to triple our portfolio targeting industrial acquisitions of $3 million to $15 million in the coming 12-24 months,” said Dunning. “Backed by strong local lenders, we see opportunity for growth through partnerships with American businesses that form the backbone of the nation’s economy.”

Since opening an outpost in Texas last year, DWG has doubled down on growing its portfolio, adding Texas purchases like the following sale-leasebacks: a 124,417-square-foot flex industrial site in Longview and a 35,835-square-foot light industrial property in Columbus occupied by private equity firm-backed The Theut Company, a division of Denver Glass Interiors (DGI).