Chasnoff, Mungia, Pepping & Stribling LLP leased 3,555 square feet at 8610 North New Braunfels in San Antonio, TX. Steve Hall with Steve Hall Commercial represented the tenant and Austin Brodeur represented the landlord, Hartman Income REIT.

Ivanhoé Cambridge, a global real estate leader, and Greystar have broken ground on 1121 at Symphony Square, the office component of their new Symphony Square mixed-use development in downtown Austin, Texas, that will also house a 32-story residential tower, The Waller, which is already under construction. This complex will embody live, work and play.

Located at the corner of 12th and Red River Streets, 1121 at Symphony Square will be in the heart of the Austin Innovation District, across the street from the landmark Waterloo Park and Moody Amphitheater. The seven-story office building will include 170,000 square feet of office space spread across seven floors, along with 5,000 square feet of retail and restaurant space on the ground level.

Created with today’s workforce in mind, 1121 at Symphony Square will foster creativity by offering flexible work environments and open-air spaces that accommodate solo or collaborative work, and even lab spaces. It will also feature places to recharge, such as a 6,000-square-foot view-filled roof deck on the fifth floor exclusively for tenant use, private balconies on floors 1-4, and end-of-trip facilities including a bike storage room to cultivate tenant wellbeing. The distinctive and aesthetically appealing building also has a strong focus on sustainability, including pursuing LEED Gold certification.

Office tenants at 1121 at Symphony Square will also enjoy elevated amenities shared with The Waller next door. Via a bridge on the building’s fifth floor, tenants will be able to access a two-story fitness center equipped with turf lawn, a lap pool, locker rooms, and a yoga room. A lounge and ground-floor coffee shop will also be offered to tenants.

The building was designed by R2L:Architects with interiors from Austin-based Page and landscape architecture by TBG Partners. Ivanhoé Cambridge and Greystar expect 1121 to be ready for occupancy in Spring 2023. 

DWG Capital Group announced the sale of a 7.62-acre development site comprising two adjacent parcels along Highway 71 West in Bastrop, Texas.

Judd Dunning, president of DWG Capital Group, represented the seller, MAG Capital Partners, a Fort Worth, Texas-based commercial real estate investment firm. Dunning also secured the buyer, an Austin, Texas-based developer. The sale price was not disclosed.

The site is proximate to the new $1.1 billion Tesla car plant in Austin, which has sparked a massive economic boom in the area. Bastrop Economic Development Corporation is studying opportunities to capitalize on the Tesla operation with a strategic plan to attract suppliers, manufacturers, direct and indirect development to the county.

Strategically situated near three major Texas metro areas—San Antonio, Houston and Dallas-Fort Worth—the 5.29- and 2.33-acre parcels offer flexible zoning that permits cold storage, distribution/warehousing or light retail development. Improvement options included a build-to-suit up to 139,000-square-feet as needed (shell or turn-key), an 88,000-square-foot retail pad with parking, or four 25,000-square-foot buildings. According to the buyer, plans are to build self storage or industrial flex with the hope of breaking ground in 2023.

Houston, April 11, 2022 – Colliers announces the sale of a ±40,800 square foot industrial facility located at 8555 Northeast Loop 410 in San Antonio, Texas. Jason Tangen of Colliers represented the buyers, TRECAP Loop 410 Partners, LLC and RAH Santa Fe, LLC, in the transaction. The seller, EJ Morales III Holdings, was represented by Zachary Taylor also of Colliers and Charles W. Hargis of Endura Advisory Group. 

The tilt-wall industrial building is situated on 2.09 acres off of the 410 Connally Loop just north of Interstate 10. Built in 1986, the building features 15 front loading docks with three ramps, wet pipe sprinkler system and 100′-120′ truck court. The facility was 30% occupied at the time of the sale and TRECAP Management acquired the asset to hold for investment. 

TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial.

The property is located in San Antonio’s Northeast industrial submarket. The submarket contains 44 million square feet of industrial space, which is currently 93.8% occupied. Approximately 1.8 million square feet of additional space is under construction in the submarket.

For further information please contact:
Zachary Taylor | Vice President, Houston
+1 713 830 2193 | zack.taylor@colliers.com

JLL Capital Markets has facilitated the sale of the Legacy Oaks Medical Complex, a seven-building medical office campus totaling 227,657 rentable square feet in San Antonio, Texas.

JLL marketed the property on behalf of the seller, Velocis, a Dallas-based private equity fund manager. A joint venture between Altera Fund Advisors and Harrison Street acquired the property.

Situated on 13.6 acres, the Legacy Oaks Medical Office Complex consists of a six-story medical office tower and six plaza buildings totaling 227,657 rentable square feet. The complex is occupied by a desirable tenant mix, including primary care, pediatrics, rheumatology, ophthalmology, optometry, radiology, pain management and outpatient rehabilitation.

The property is ideally positioned for outpatient services with adjacency to the 900-acre South Texas Medical Center, the region’s premier medical district consisting of over 75 medically-related institutions and 12 hospitals with over 4,200 patient beds.

The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Director Brian Bacharach and Vice President Vasili Davos, with local market expertise from Managing Director John Taylor.

Dallas-based Velocis has been active in real estate since 2010, purchasing 35 assets located in major markets within Arizona, Colorado, Texas, Georgia, Florida, North Carolina, Virginia, Tennessee and the Washington, D.C. Metro Area. Velocis is led by a team of five seasoned partners who are directly responsible for the acquisition, asset management and disposition of assets. Velocis partners include Fred Hamm, Mike Lewis, Jim Yoder, Paul Smith and David Seifert.

Sable Construction, Inc. dba Custom Sounds, Inc. renewed 4,113 square feet at 5498 Walzem Road in San Antonio, TX. Wil Logan represented the landlord, Hartman Income REIT.