Category: Deals & Announcements

United Alloy Inc. Breaks Ground on Expansion of Manufacturing Facility in Seguin, Texas

Posted on by Sarah

SEGUIN, TEXAS – United Alloy, Inc announced today that they are breaking ground on a nearly 110,000 square foot expansion of their existing manufacturing facility in Seguin, Texas. Headquartered in Janesville, Wisconsin, United Alloy, Inc. is a contract metal fabrication and powder coating company. United Alloy produces the highest quality leak-proof metal fuel tanks, hydraulic reservoirs, skids, frames, chassis, trailers, and complex weldments for an extensive list of long-term Fortune 500 OEM customers. United Alloy is ISO 9001 Certified and is also a recognized Woman/Minority Owned Business.

This expansion will include the latest automation for light sheet metal fabrication, powder coating, and assembly. The extra space will allow United Alloy to continue to grow its capacity fabricating and assembling sheet metal enclosures for large OEM customers. United Alloy also plans to dedicate space to launch an apprenticeship program that will allow it to train entry level welders, fabricators, painters, and assemblers. To learn more about United Alloy employment and apprenticeship opportunities please visit their website – www.unitedalloy.com or contact them at 830-549-5550.

In December of 2019, the City of Seguin and the Seguin Economic Development Corporation announced that United Alloy would be expanding to Seguin, Texas, with plans to construct a new stateof-the-art manufacturing facility in two phases on a 27-acre tract of land within the Rio Nogales Industrial Park. Phase 1 of United Alloy’s expansion to Seguin was completed in December of 2020, representing an investment of more than $17 million. Today, United Alloy has more than 100 employees at their
Seguin facility. Upon completion of Phase 2, United Alloy’s total building footprint will be approximately 230,000 square feet and will represent a capital investment of more than $35 Million.

“We are thrilled that United Alloy is expanding their operations in Seguin, Texas. Even though they have only been a member of our business community for a short period of time, United Alloy has developed a tremendous reputation as a quality employer and are a top-notch corporate citizen. We are excited to watch United Alloy grow and look forward to working with them for years to come.” said Josh Schneuker, Executive Director of the Seguin Economic Development Corporation.

Westcore Acquires Eisenhauer Business Park from NIT Industrial for $36.6M

Posted on by Sarah

SAN ANTONIO (July 20, 2022) – Westcore, a leading industrial real estate acquisition, development and asset management firm, has acquired the recently completed Eisenhauer Business Park in San Antonio, Texas from NIT Industrial. The four-building property, comprising 377,318-square-feet, sold for $36.6 million.

In the fall of 2021, Westcore agreed to purchase both Cedar Port Park and Eisenhauer Business Park from NIT Industrial. The latter purchase was scheduled upon building completion.

The newly built Eisenhauer Business Park is located at 5473 Eisenhauer Rd., proximate to the three primary San Antonio thoroughfares of IH-10, Loop 410 and IH-35. The buildings feature dock-high and grade-level loading and clear heights ranging from 28 feet to 32 feet. The project accommodates small and large users alike.

“I am excited for the addition of the Eisenhauer Business Park to our portfolio—our San Antonio holdings now exceed 1.5 million square feet,” said Westcore Managing Director Peter Mette. “San Antonio remains an attractive investment market for us, and we hope to add more high-quality assets to our portfolio in the near term.”

Westcore represented itself in the transaction, while Stream Realty Partners’ Michael Kent represented the seller.

“Westcore will benefit from a 95% occupied industrial market with record absorption over the past 18 months and continued tenant demand,” said Kent. “Plus, the variety of product and flexibility of suite sizes exposes the Eisenhauer Business Park to a wide range of tenant demand.”

About Westcore

Westcore is a fully integrated commercial real estate investment company with institutional scale and capabilities that operates with speed, agility and adaptability. Since its founding in 2000, Westcore and its affiliates have acquired and managed more than $6 billion in industrial and office assets, comprised of more than 1200 buildings and totaling over 60 million square feet. In addition to its U.S. headquarters in San Diego, Westcore has regional offices in Los Angeles; Oakland; and Sacramento, as well as satellite offices in London, England; Berlin, Germany; and Vienna, Austria.

Media Contact: Jennifer Whitelaw
TW2 Marketing
jwhitelaw@tw2marketing.com, 619-733-5944

Colliers Announces Lease of Approx. 3.4 Acres Laydown Yard Near Interstate 10

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Houston, July 20, 2022 – Colliers is pleased to announce the lease of ±3.4 acres located at 605 Wayside Drive in Houston, Texas. The tenant, J.B. Hunt Transport Inc., was represented by Craig Jones of Fischer & Company. Zack Taylor, of Colliers Houston, represented the landlord, LP by Wayside Management, in the transaction.

“The ownership group purchased this asset last year due to its proximity to Houston’s Turning Basin Bulk Terminal. They thought the location would appeal to a variety of different users and could not be happier to have secured a lease with JB Hunt. This will be a fantastic long-term investment for the client,” said Zack Taylor of Colliers.

The property is located in Houston’s Downtown industrial submarket. The submarket contains 31.7 million square feet of industrial space, which is currently 95 percent occupied and the average asking annual market rental rate is $6.13 per square foot.

Zack Taylor
Senior Vice President
+1 713 830 2193 zack.taylor@colliers.com

Mixed-use Retail and Office Property Near Dallas Sells

Posted on by Sarah

JLL Capital Markets has closed the sale of The Shire at CityLine, an 83,256-square-foot, premium, suburban mixed-use retail and office property in the Dallas-Fort Worth community of Richardson.

JLL marketed the property on behalf of the seller, Standridge Companies. Venture Investment Partners acquired the asset.

The 85% leased The Shire at CityLine features an eclectic tenant mix that includes Sweeney Eye Associates, Dogtopia, Silver fox, Shire Pediatrics, North Texas Dermatology, Anaya’s Seafood, Republic Title, Modern Dental, Ameriprise, Re/Max, Gillespie’s Tavern and more. The center, which was constructed between 2005 and 2006, has 414 dedicated parking spaces.

Situated on 6.22 acres at 2600, 3610 and 3650 Shire Blvd. and 2121 Infocom Drive, The Shire at CityLine is in Richardson, which has experienced a 14% increase in population since 2010 and is in Dallas-Fort Worth’s growth path. The property is near the high-traffic intersection of Central Expressway and President George Bush Turnpike and is adjacent to the $1.5 billion CityLine development, which is home to 11,200 employees and 2,221 multi-housing units. There are 109,992 households earning an average annual household income of $104,811 within a five-mile radius of the property.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Adam Howells, Senior Managing Director and Co-Head of JLL Retail Capital Markets Barry Brown and Analysts Jack Copher and Beth Copeland.

Northeast Houston Retail Center Sells to South Florida Investor

Posted on by Sarah

JLL Capital Markets has closed the sale of Humblewood Shopping Center, a 163,897-square-foot power center anchored by Conn’s and Petco in the Houston-area community of Humble.

JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.

Humblewood Shopping Center is home to a diverse mix of national and regional tenants, including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.

Located at 19611 US 59, Humblewood Shopping Center is at the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is northeast Houston’s dominant retail intersection and directly across the street from Deerbrook Mall, a 1.2-milion-square-foot regional mall. The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people. The center serves a population of 43,280 residents within a three-mile radius earning an average annual household income of nearly $84,000.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West and Associate Erin Lazarus.

Trez Capital Closes Financing for Lot Development of New Planned Community Outside Houston

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Trez Capital announced the closing of a $15.3 million loan to Windy Hill Development, LLC for the development of 300 single-family lots in the first phase of Indian Springs, a new planned community located just outside Houston, in eastern Harris County on Indian Shores Road near the eastern shores of Lake Houston. The four-phase development spans 138 acres and will have approximately 583 homes upon completion.

Indian Springs complements “lake life” with its amenity offerings, inviting residents to immerse themselves in recreational living. Residents will have access to an exclusive amenities center along with ample, beautiful walking trails and three acres of parks. Residents will enjoy the community’s proximity to Indian Shores Golf Course as well as homes zoned for Crosby Independent School District for families with school-aged children.

The planned community provides easy access to major thoroughfares and is approximately six miles north of State Highway 90. Lennar is the builder under contract to purchase all the lots within the community. Connor Investment Real Estate provided equity to purchase the land and fund the infrastructure development for the first phase of the project.

The phase one lots are expected to be delivered in 2023.

Windy Hill Development currently has 10 projects in active development, including Indian Springs, with just over 8,700 residential lots planned covering more than 3,300 acres.