San Antonio-Based Developer Continues to Invest in Fast-Growing New Braunfels, Expects The Moderno to Attract Young Professionals and Families

SAN ANTONIO—March 1, 2021. San Antonio-based Koontz Corporation today announced the firm has begun construction on The Moderno, a class A apartment community located at 451 FM 306 in New Braunfels, Texas. “We have enjoyed great success in developing several class A multifamily products in New Braunfels that are located in close proximity to the I-35 corridor,” said Koontz Corporation President and CEO Bart Koontz. “The city has continued to enjoy tremendous growth in all sectors and possesses additional intrinsic features such as their rich German heritage, natural beauty, quality of life, good schools and a motivated workforce.” Koontz Corporation purchased the 28-acre property in 2020 from McCombs Properties. Mike Ybarra, of Legacy Commercial Real Estate in New Braunfels, brokered the sale. Koontz said his firm chose the property because of its strategic location, just east of IH-35 with easy access to Austin-San Antonio corridor, ample nearby restaurants, retail shopping options, an H-E-B Plus grocery store and health care facilities. The Moderno will be built out in two phases. Phase I will be a 10-building complex totaling 253,000 square feet comprised of 280 apartment homes. Fifty-five percent of the residences in Phase I will feature one bedroom and one bath, and 45% will feature two bedrooms and two baths. All residences will boast class-A finishes, including nine-foot ceilings, quartz countertops, stainless steel appliances and balconies. Residents will have access to common-area amenities to include a fully equipped clubhouse with billiards; a state-of-the-art fitness center; resort-style swimming pool with cabana; outdoor grilling area; and parking surface, covered and garage parking options. Koontz Corporation, which will act as general contractor, recently broke ground and is grading the site and installing utilities. Garcia + Associates, of Houston, provided the architectural design. Koontz Corporation Breaks Ground on Third New Braunfels Apartment Community Page 2 of 2 Phase I’s opening is projected for March 2022. Due to its ideal location, Koontz expects the development to be a beacon to young professionals and young families. Typically, Koontz Corporation has nearly a half-dozen multi-family projects under development in various parts of Texas at any one time. Since its founding in 1997, the firm has developed 5,700 units totaling in excess of seven million square feet. In addition to multi-family, the scope of Koontz’s properties includes office, medical office, industrial/flex and retail. “New Braunfels is the second-fastest growing city in the nation by percentage and is becoming a major center for business and economic development, but it was always a wonderful place to live,” said Koontz.

Laredo, TX- JAMCO Group signs long-term lease at Majestic’s Laredo Business Park for a warehouse space totaling 500,000 square feet, the single largest warehouse space built in Laredo, TX. The building was originally developed in 1999 by Majestic Realty Co., the leading privately held industrial developer in the country. The space was first developed as a built-to-suit for Mattel, Inc. and is part of a two building 60-acre master planned business park, in the heart of Laredo’s industrial area. “We are excited to see JAMCO, a Laredo based company, expand into the largest single facility in South Texas with Majestic Realty Co. This project would not have been achievable without a strong market expert guiding the user. Carlo Molano has continued to reaffirm his role as the leading commercial real estate broker and figure in South Texas, and we’re pleased to close the single largest industrial transaction in Laredo with him and FORUM CRE.” said Kyle Valley, Senior Vice President at Majestic Realty. By providing global logistics, freight forwarding services and other supply chain services, Jamco Group became the first local US Customs broker to land in a larger than 100,000 square feet space in the market, over the last 20 years. Now at their 25th anniversary, and with multiple locations along the US-Mexico border, JAMCO has made a regional mark with well over 700,000 square feet of space in Laredo, and nearly 1,000,000 square feet across the Texas-Mexico border region. “This facility will allow us to expand our growing partnerships with our client base to better service them in Laredo and the region” said Rahul Oltikar, Chief Operating Officer at JAMCO Group. “FORUM CRE was instrumental in assisting us with this market expansion that takes us to a total of 750,000 square feet”, added Oltikar. Occupancy is scheduled for this June. The space will be used as a distribution center for finished goods being manufactured in Mexico, that are staged in Laredo, Texas as their cross-border distribution hub in the United States. “Their growth is a great testament to their diligence and work, as well as the positive impact brought on by the expansion into other supply chain services including, ocean and air transportation, trade consultation, and management of distribution centers.” Said Carlo Molano, Managing Principal at FORUM Commercial Real Estate.

Stream Realty Partners represented the seller, a private partnership, in the two-building, 235,400-square-foot industrial portfolio sale of Lanark Distribution Center (610 Lanark Drive) in San Antonio, which closed in late December 2020. Stream’s Dallas-Fort Worth investment sales team of Jamie Jennings and Andrew Rabinovich partnered with Stream’s San Antonio Industrial team of Kevin Cosgrove and Walter Simpson to represent the seller in the transaction. “Lanark Distribution Center provided a unique opportunity to acquire an infill and highly functional, light industrial portfolio within San Antonio’s largest industrial submarket,” said Jennings, managing director of investment sales at Stream. “The offering provided strong, in-place cash flow, along with the opportunity to slightly increase occupancy in a supply-constrained submarket.” Lanark Distribution Center spans over 10 acres in San Antonio’s Northeast industrial submarket, an outstanding regional distribution location along Interstate 35, the region’s primary distribution and transportation artery. The portfolio was approximately 97 percent leased at the time of sale, with strong, in-place income backed by a diverse roster of regional and national tenants ranging from 3,000 to 86,620 square feet. The property’s proximity to major thoroughfares and surrounding homes and businesses have made it one of the most sought-after industrial neighborhoods in the region. “With Central Texas’ growing population and rapidly expanding consumer base, there’s little doubt that Lanark Distribution Center’s infill location will maintain its leading position as demand for well-located, small light-industrial properties continue to outpace that of larger warehouses,” Jennings said.

NAI Partners recently arranged a 1,200-square-foot retail lease for Five Star Cleaners at 20935 US HWY 281 N in San Antonio, Texas. NAI Partners’ Joe DeCola represented the landlord in the transaction and Steve Gray of Phyliss Browning represented the tenant, Five Star Cleaners.