Cinnamon Shore announces new luxury resort amenities at master-planned community on Mustang Island

Cinnamon Shore, the first New Urban vacation community on the Texas Gulf Coast, announced an array of new resort-style, luxury, family-friendly amenities, with many slated to break ground this summer. The new attractions will enhance the growing village of Cinnamon Shore South, the community’s 147-acre sister property that began development five years ago, and include a vibrant town square with a stage, spa, and robust retail and dining district, intimate neighborhood pools, a fitness center, sports facilities, an indoor-outdoor event venue, a dog park and scenic outdoor social gathering areas.

Cinnamon Shore South will offer the following new amenities, with some scheduled to break ground this summer and fall:

  • Playtime sports courts, offering two pickle ball courts, half-court basketball, a shaded viewing area, a water station and a fenced-in grassy space where younger kids can play tag and other games.
  • Neighborly square pool, a shaded, private pool with tropical landscaping, bubbling fountain, an over-the-pool water walkway, palm-shaded nook for hammocks, a firepit, lounge chairs set in the shallow water area, pergolas, tables and chairs for picnic lunches and socializing, and shower and bathroom facilities. 
  • New event venue, a beautifully landscaped structure for indoor-outdoor celebrations and festivities, from weddings and family reunions to business meetings and private dining experiences.
  • Another neighborhood pool with fitness center, surrounded by pergolas, palms, lounge chairs, residential cottages, and homes.
  • Coastline fire lounge, a new park and gathering spot.
  • South dog park, a destination for dog walkers with plenty of grassy space to play, along with shade and benches for owners to watch the fun.
  • Tailwind Park, a lush garden for homeowners and guests, offering breathing room and a place to visit, relax and play. Visitors will be able to cozy up around the firepit, chat under sunshades or bistro lighting at twilight, or walk pebbled paths toward the Gulf or community pools.
  • New pavilions, set on the lake’s shoreline to offer shaded places to prep fishing tackle or rest after an afternoon stroll and to create new, scenic, pedestrian-friendly streetscapes.
  • Sundown Court, a paved pedestrian-friendly plaza that will connect residences and two lakes along a central corridor, featuring five beautifully planned park spaces and cozy plazas lined with reading benches, bistro tables, shade trees and a community fire pit.

South Town Square is slated to break ground in 2024, a project of award-winning Kimmel Studio Architects from Annapolis, Maryland. With extensive experience in waterfront properties along the Chesapeake Bay, the company is planning this 100,000-plus-square foot town hub, set along the west side of the village’s primary lake and centered around a waterfront stage, green space, and a boardwalk with a walkable connection to the entire community.

Currently at Cinnamon Shore South, the coastal lifestyle centers on more than 15 acres of lakes; more than a mile of lakeside decks and pavilions; three, two-way dune crossovers for convenient private beach access; and an infinity pool framed by cabanas, fountains, fire features, a sunset deck, and food and beverage service from C Bar Too. Plus, homeowners and guests can access all amenities at neighboring Cinnamon Shore North.

$255 million credit facility arranged for single-family rental portfolio located across Texas

JLL Capital Markets has arranged a $255 million credit facility for single-family rental homes located across Texas. Upon close, the facility refinanced an initial portfolio of homes in Houston, Dallas-Fort Worth, San Antonio and Bryan/College Station.

JLL worked on behalf of the borrower, Camillo Properties Ltd. doing business as SimplyHome, to secure the bridge facility through Churchill Real Estate, a vertically integrated real estate investment firm with $6 billion outstanding across more than 60 facilities in its lender finance business as of Q2 2023. SimplyHome is one of the largest private owners of purpose-built SFR in the country, and since inception, SimplyHome has scaled its holdings into 10,000 SFR homes across 100 different neighborhoods.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Colby Mueck, Managing Director Matthew Putterman, Director Laura Brown and Analyst Davis Burnett.

Partners Real Estate arranges sale of 27,478-square-foot building in San Antonio

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 27,478-square-foot building located at 3371 Roosevelt Avenue in San Antonio, Texas.

Partners’ Phil Crane and Dan Gostylo represented the buyer, Garcia Properties, Inc., in the transaction. The seller was represented by Andrew Price with CBRE.

Trade-critical warehouse on Texas-Mexico border sells for $9.1 million

CBRE has arranged the sale of a 79,883-square-foot warehouse in Laredo, Texas, to a 1031-exchange buyer for $9.15 million.

Anthony DeLorenzoBryan JohnsonNick Williams, and Elizabeth Bachhuber with CBRE’s Investment Properties—California/Arizona/Nevada represented the seller, California-based Stos Partners, in the transaction.

Located at 13806 North Unitec Drive, the property was built in 2001 and is fully occupied by Grupo Cargoquin, a supply chain company that provides custom agency, third-party logistics (3PL), transportation logistics and foreign trade consulting services. The facility comprises two buildings with 22-foot clear heights, eight drive-ins, 21 loading bays and 53 parking spaces.

The facility sits on 4.94 acres just off Interstate 35, which connects Laredo with the rest of the United States and Canada. The property is 20 minutes from the Port of Laredo and 30 minutes from the Laredo International Airport, providing access to both passenger and cargo transportation. Laredo metro area is home to more than 260,000 people and 112,000 jobs, according to the Texas Development Corporation.

Laredo’s industrial real estate supply has grown by 10% over the past five years to 36 million square feet with a vacancy rate of just 1.5% in the fourth quarter of 2022, according to CBRE Research. The average asking rent increased by 6.1% year-over-year in 2022 to $9.53 per square foot for a triple-net lease. As more manufacturing operations are nearshored, trade with Mexico is expected to increase, along with industrial investor and occupier interest.

Hines secures IBM to anchor new office tower in Austin

CBRE has arranged a significant pre-lease with IBM to anchor a new 507,200-square-foot next-generation office development planned by Hines on the north end of The Domain, known as Austin’s “second downtown.” IBM plans to relocate and consolidate its two current office locations near The Domain at the highly amenitized building, slated for occupancy by 2027.

CBRE’s Bo Beacham and John Barksdale represented the developer, Hines, in the transaction.

Hines’ new Class AA development within The Domain will comprise of two 14-story interconnected towers with exclusive lobbies for each tower and exterior aesthetics that will set a new bar in the Dominion submarket. Catering to the needs of the modern workforce, tenants will experience multiple amenity decks on the ninth floor, private balconies on each floor, outdoor sports amenities, and a high-end fitness and conference center. Additionally, the property will place a heavy emphasis on ESG, and is being designed for LEED Gold certification and will seek WELL Platinum, WiredScore Platinum, and Austin Energy Green Build distinctions. Construction is anticipated to begin in late 2023.

Partners Real Estate arranges sale of 37,500-square-foot industrial building in Laredo

Partners, one of the largest independent commercial real estate firms in Texas, arranged the sale of a 37,500-square-foot industrial building located at 14610 Atlanta Drive in Laredo, Texas.

Partners’ Gustavo Torres represented the seller, Richard G. Boswell, in the transaction.