Koontz Corporation announced that its Westport Industrial Park Project — an industrial spec development in San Antonio — has broken ground. The 374,400-square-foot project is being developed in two phases with the first two buildings totaling 187,200 square feet expected to be completed by February 2023. Located at 438 S. Callahan Road, the project will provide industrial space to San Antonio’s westside.

Strategically located in the business-friendly city of San Antonio and Bexar County, advantages include excellent access to I-410 North and South and I-10 East and West via Loop 151; access to the deep labor pool in the San Antonio metro area population of over 2.4 million; and synergies with other current and future corporate neighbors including Amazon, Bill Miller HQ, Visionworks, Joyson, FGF Brands, Glazer’s Distributors, XPO Logistics, and Fed Ex.

Upon completion, the four-building property will include 24-foot clear height; ESFR fire protection; Clerestory windows for natural lighting; 52’ x 60’ column spacing; 5000 amp electrical service (expandable to 8000 amps); 130-foot truck court plus 55 feet for trailer parking or storage; 23 dock doors and four drive-in ramps per building; and significant on-site parking capacity (480 total parking spaces with dedicated circulation drive).

John Colglazier, Jr., Carlos Marquez, and Colten Courtney of NAI Partners — the commercial real estate services business of Partners Real Estate Company — are the exclusive leasing agents for Westport Industrial Park.

In Austin, Texas, Alliant provided a $10.6 million loan for the acquisition of a 77,985-square-foot industrial flex property comprising four single-story buildings offering a mix of office and warehouse space. The property is over 90% occupied by 17 tenants.

Terms of the 5-year Alliant loan included a rate lock, full-term interest-only payment structure, and flexible prepayment penalty. The borrower was a private investor group. Ron Granite and Jason Hochman of Cushman and Wakefield referred the transaction to Alliant.

Constructed in 1986, the well-maintained Springwoods Business Center is located about 13 miles north of downtown Austin, in a growing suburb with access to main thoroughfares and freeways. The northwest submarket is the center of Austin’s high-tech sector and one of the most attractive for corporate relocations in the region. Dozens of well-known technology companies have recently announced efforts to relocate or expand their operations in the Austin area.

Kalterra Capital Partners announces a new multifamily project strategically located along the rapidly growing I-35 corridor south of Austin. The Verge, currently under construction in Kyle, is a luxury apartment community with adjacent planned retail to be announced in the coming months. Kalterra’s new project will benefit from the region’s exploding population with direct access to jobs, shopping, and entertainment venues in Austin and San Antonio.

The Verge luxury apartment community is under construction on 15.5 acres rezoned for multifamily residential and commercial construction at the southwest corner of I-35 and Kohler’s Crossing. Kalterra purchased the property in 2020 and successfully worked with the City of Kyle to rezone the land for high density, Class-A multifamily and commercial uses. The 263-unit apartment complex is scheduled to start leasing in February 2023. In addition, Kalterra has secured a lineup of restaurant brands for planned retail, to begin construction within the next six months.

Adjacent to the new Dry Creek Development (formerly Kyle Town Center), The Verge will include a massive interior courtyard with a pool, outdoor grilling stations, a pickleball court, lounge areas, and large green spaces. The Verge’s interior will feature a fitness center, business center, dog spa, and game rooms. Each unit will be accented by quartz countertops, stainless steel appliances, nine-foot ceilings, balconies, and dog yards.

Stonelake Capital Partners announced the ground breaking on a 48-acre industrial development located on I-35 just north of Austin in the City of Georgetown, Texas. Stonelake plans to build 620,000 square feet of Class-A warehouse/distribution space across three buildings on a speculative basis. The industrial park, which will be called “Georgetown Logistics Park”, is located at the southwest quadrant of the I-35 and SH 130 intersection at 1800 Aviation Drive, just east of Georgetown Municipal Airport. Stonelake expects to complete construction in March 2023.

Georgetown Logistics Park will feature best-in-class physical specifications and cater to the needs of a wide range of warehouse/distribution and manufacturing tenants serving the greater Central Texas region. Georgetown Logistics Park will include the following specifications and all three buildings will be completed in one phase.

a 426,240-square-foot cross dock building with 40-foot clear height and 82 trailer parking stalls

a 123,200-square-foot shallow bay rear loaded building with 36-foot clear height

a 70,300-square-foot rear loaded building with 32-foot clear height.
Stonelake is a top 10 owner of industrial buildings in Austin and Georgetown Logistics Park will bring Stonelake’s total industrial ownership in Austin to 1.52 million square feet across 28 industrial buildings.

Stonelake is an active buyer and developer of infill warehouse buildings in high barrier to entry submarkets across the United States with a particular focus on Texas and Sunbelt markets where job growth and population growth significantly outpace the national average.

In total, Stonelake owns 265 industrial buildings totaling 23 million square feet in Austin, Dallas, Houston, Atlanta, Phoenix, Nashville, Tampa, Orlando, San Antonio and El Paso.

Ace Schlameus, Kyle McCulloch and Greta Reid, with JLL, will be handling leasing on behalf of Stonelake.

Design services for the project were provided by Powers Brown Architects and Pape Dawson Engineers and the general contractor for the project is Zapalac Reed.

JLL Capital Markets announced today that it has closed the sale and arranged financing for the acquisition of Westview, a LEED-Gold, Class-A creative office building totaling 100,166 square feet in downtown Austin, Texas.

JLL procured the buyer, Arc Capital Partners, and represented the seller, Prescott Group. Additionally, JLL helped facilitate the acquisition loan.

Westview is located at 316 W. 12th St. at the intersection of Guadalupe and 12th Street in downtown Austin. The property has a live-work-play location with more than 2.9 million square feet of retail nearby and more than 3,000 multi-housing units in addition to being just blocks from the University of Texas at Austin and the Capitol. The property is well-served by public transportation with a MetroRapid service stop in front of the building.

Recently renovated into a LEED Gold, boutique creative office building, Westview features floor-to-ceiling windows, flexible floorplates, and a new HVAC system with MERV-rated air filtration. Westview is 93% leased and offers market-leading amenities including an on-site café, conference room, fitness center with showers, bike lockers, and a rooftop terrace with panoramic views of Austin. Prescott Group acquired Westview in 2016, with the vision to renovate and transform the asset into a unique property befitting its Austin surroundings. Partnered with a local Austin contractor, The Burt Group, and Andersson Wise as the Architect the team was able to accomplish their goals.

The JLL Capital Markets debt team representing Arc Capital Partners was led by Senior Managing Director Jeff Sause, Managing Director Casey Wenzel and Analyst Matthew Ctvrtlik.

The JLL Capital Markets sales team representing Prescott Group was led by Senior Managing Directors Andrew Levy and Todd Savage and Managing Directors Kelsey Shebay and Jeff Coddington.

Austin, TX (May 17, 2022) — Newmark announces it has completed the sale of Modera

Domain, a recently delivered, 354-unit trophy multifamily property located adjacent to The Domain, a premier retail and entertainment district in Austin, Texas. The asset traded from a joint venture between Mill Creek Residential and PGIM to Clarion Partners. Newmark Vice Chairman Patton Jones and Managing Director Andrew Dickson represented the seller in the transaction.

Completed in 2022, Modera Domain is a luxury multifamily community featuring a mix of studio, one- and two-bedroom units with an average unit size of 846 square feet. Unit interiors feature open-concept floor plans with spacious bedrooms, spa-inspired bathrooms and luxury finishes. Community amenities include a resort-style pool and courtyard, outdoor kitchen with gas grills and dining space, modern clubroom, first-floor lounge, conference room and work-from-home spaces, state-of-the-art fitness center, on-site dog park and pet spa and connected multi-level parking garage.

The property is conveniently located at the entrance to The Domain, Austin’s premier retail and entertainment district with over 4 million square feet of office and 1.85 million square feet of retail space. The area is home to major office tenants including Amazon, Facebook, Indeed and Vrbo.

The property is within walking distance to the Kramer Station MetroRail stop and the new Q2 Stadium, home of Austin’s only professional sports team, the Austin FC. It is only eight miles or approximately 20 minutes from downtown Austin.

“The Domain remains one of the most desirable submarkets in Austin, both for renters and investors,” said Jones. “Modera Domain’s immediate proximity to surrounding activity in the Domain South End, Uptown ATX and Q2 Stadium presented a rare opportunity for an investor to acquire a coveted piece of real estate in Austin’s second downtown. Its exceptional construction, resort-class amenities, and contemporary design will make Modera Domain a mainstay in the market for years to come.”

The Austin metro’s population rose to an estimated 2,295,303 people as of July 1, 2020, according to U.S. Census Bureau figures released May 2021. This is an increase of 3% from the previous year, the fastest population growth among metros with at least one million people. Since 2010, the metro has gained an estimated 579,014 residents – a 34% increase. Austin’s innovation-based economy and high-caliber talent pool, combined with a comparably low cost of living, business-friendly environment, established infrastructure, and stable local and state governments, continue to secure accolades lauding Austin’s appeal to both residents and businesses that position the region for enduring economic and population growth. Accordingly, these core attributes also provide a sound foundation for Austin to not only sustain but also improve upon its position as the top investment market in the U.S.