Stream Realty Partners and Greystar Kick off Construction on Phase 2 of Whisper 35, a 500,000-Square-Foot, Class A Industrial Development Along Booming IH-35 Corridor

Austin, TX – June 22, 2022 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties and adjacent sectors, including logistics and life sciences, recently broke ground on Building 2 of its 500,000-square-foot, Class A industrial development along the flourishing Interstate 35 corridor in San Marcos.

Phase 1 consists of Buildings 1 and 2 totaling 180,000 square feet. Building 1 was completed in 2021 and is now fully leased. Building 2 includes one 90,025-square-foot building that is expected to deliver in the fourth quarter of 2022. Phase 2 contains Buildings 3-5 totaling 314,938 square feet of industrial space. It is expected to deliver in the third quarter of 2023.

Located in rapidly growing Hays County, Whisper 35 is a state-of-the-art, multi-phase development offering a unique opportunity to serve Austin, San Antonio, and everything in between. Dubbed the Texas Innovation Corridor, the greater San Marcos area is evolving as one of the most promising regions in the nation. It is increasingly being recognized by the national media and is home to rapid growth in several industries, including aerospace, aviation, security and defense; business services and support; regional distribution; and destination attractions.

Whisper 35 is located within proximity to IH-35 and is conveniently accessible via the 130 and 45 state highway toll roads. The development is 25 miles from Austin and 55 miles from San Antonio. It’s 20 minutes from the new Tesla factory and within a 10-mile radius of two Amazon distribution facilities totaling over 1.6M square feet.

The development team includes Greystar and RC Page serving as general contractor. Greystar has hired Stream Realty Partners to lease and manage the properties. The leasing team includes Managing Director and Partner Sam Owen, Senior Vice President Adam Green, and Vice President Mitchell Becker.

“With a soaring population, affordable housing, and strong labor metrics, San Marcos presents an incredible opportunity for industrial tenants to serve both Austin and San Antonio and everything in between,” Owen said. “As rental rates continue to increase citywide and new

development projects in Buda and Kyle prelease at a record pace, Whisper 35 offers an excellent solution to tenants seeking modern industrial buildings.”

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,100 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

About Greystar

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties and adjacent sectors, including logistics and life sciences globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over $221 billion of real estate in 224 markets globally including offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages over 768,000 units/beds, and has a robust institutional investment management platform with more than $58.2 billion of assets under management, including over $24 billion of development assets. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

Colliers Sells ±4.18 Acres Along Beltway 8 in South Houston

Houston, June 22, 2022 – Colliers is pleased to announce the sale of ±4.18 acres located between Beltway 8 and Fellows Road in Houston, Texas. The buyer, Fellow Houston Investment, LP, was represented by Travis Land, AJ Williams and Alisha Renshaw of NAI Partners. Tom Condon, Jr. of Colliers represented the seller, David Christian, in the transaction.

The subject property is situated along Beltway 8 and Fellows Road just west of SH 288. The unrestricted property is outside the city limits of Houston and Pearland. On behalf of Fellow Houston Investment, Adkisson Group Development plans to construct a ±61,700 square foot rear-load distribution building with an estimated completion date of March 2023.

The property is located in Houston’s South Hwy 35 industrial submarket. The submarket contains 43.7 million square feet of industrial space which is currently 97.2 percent occupied. The average asking market rental rate is $7.76 per square foot and there is 91,500 square feet of industrial space currently under construction in the submarket.

For further information please contact:
Tom Condon, Jr. | Principal, The Woodlands
+1 713 830 4007 | tom.condon.jr@colliers.com

Plano Medical Office Building Attracts new Physician Groups with Planned Renovations

Transwestern Real Estate Services (TRS) announces US REO Fund, a Plano-based real estate investment firm, has selected Transwestern to provide leasing support for 7000 W. Plano Parkway, an 80,000-square-foot, two-story medical office building in Plano.

Formerly known as Plano Pediatric Medical Pavilion, the property will undergo landscape, lobby and common area renovations and rebrand as Prestonwood Medical Center targeting multiple medical specialties in addition to pediatrics. The building features an operational surgical center as well as gastroenterology practices on the first floor.

In addition to general pediatric specialties, the building formerly housed a sports medicine and orthopedic practice and a sleep apnea practice. Spaces ranging from 1,700 to 9,700 square feet are available across the entire second floor.

Built in 2005, Prestonwood Medical Center includes 6 per 1,000 parking and is directly across the street from Prestonwood Baptist Church and Hebron High School. With proximity to The Shops at Legacy, The Clubs of Prestonwood and large system medical campuses, the building offers physicians and patients nearby amenities that support daily operations.

According to Transwestern research, the Dallas-Fort Worth medical office market finished 2021 with positive momentum. Healthcare users continue to absorb space, bringing vacancy rates down to their lowest levels since 2018. As a result, rent growth has accelerated as tenants compete for a shrinking pool of available space. Triple net rents are up 4.1% from last year, nearly double the average growth rate.

Amerivet Signs Full-Floor Expansion at Hartman’s Energy Plaza Office Building in San Antonio, TX

(San Antonio, TX)— Amerivet, a rapidly growing operational resource for established Veterinarians has signed a full-floor lease expansion at Hartman Income REIT’s (Hartman) Energy Plaza office building at the Loop 410 Highway/281 interchange in San Antonio. The expansion adds an additional 13,000 square feet to Amerivet’s headquarters and expands the company’s office space footprint to two full floors.

“The growth that Amerivet has experienced in the recent months has been tremendous to witness. We are so proud to have them as tenants in our building. They recognize the importance of having their team fully back to the office and are benefiting from in-person collaboration, mentoring, and increased productivity” said Kacie Skeen, VP of Leasing for Hartman.

Amerivet’s expansion will commence on January 1st, 2024 and will include an installation of the company’s logo as brand signage on the exterior of the San Antonio office building.

Built in 1980, Energy Plaza was acquired by Hartman in 2014 year. The two building seven story property totals over 180,000 square feet on approximately four acres. The buildings’ amenities include on-site management, garage parking, an on-site building engineer, multiple conference rooms, and controlled building access.

In lease negotiations, Kacie Skeen, VP of Leasing, represented Hartman.

To learn more about leasing commercial real estate in San Antonio, Houston, or DFW (Dallas Fort Worth), please contact a Hartman leasing agent at 800.880.2212 or visit www.hi-reit.com.

Leader in Steel Processing Industry Expands to Fort Worth

Andes Coil Processors, a leader in the steel processing and slitting industry, announced its expansion to Sylvania Industrial Park in Fort Worth. Sylvania Industrial Park, formerly the site of the American Manufacturing of Texas plant, was once a major manufacturing hub with thousands of workers producing billets and oil pump jacks. The manufacturing facility brings 30 to 50 new jobs and a $5 million capital investment to Fort Worth.

The company worked closely with CanTex Capital in the site selection process.

“Andes Coil Processors has experienced significant growth in the past 12 years in Lewisville, Dallas and Grand Prairie, and Fort Worth now adds significantly to that continued growth. Fort Worth offered the ease of access, a strong workforce, and quality of life we wanted for our team members. We can’t wait to get to work. We couldn’t be happier with our partnership with CanTex in the Sylvania Industrial complex, and with Fort Worth & Western Railroad,” said Andes Coil Processors President Howard Pena.

“Because of local partners like the Fort Worth Chamber and the Fort Worth and Western Railroad, we’ve been able to bring Andes Coil to Fort Worth.” said CanTex Capital COO Sam Cheema. “Rail-served properties are becoming harder and harder to come by, and FWWR worked diligently to make this deal happen. In addition to Andes, our team is very excited with all of the improvements at Sylvania Industrial Park. The manufacturing demand has been incredible and we’re seeing a lot of companies relocating to Fort Worth.”

Marcus & Millichap Arranges Sale of 16,964-Square-foot Office Building in San Antonio

Marcus & Millichap announced the sale of the Dugas Professional Building, a 16,964-square-foot office property located in San Antonio, Texas, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $5,558,000.

First Vice Presidents Brett Rodgers and Frank M. Roti and Associate Alex Sacks, and investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of Stage Equity Partners, LLC, the seller, a private investor based in Chicago. Texas Broker of Record Tim Speck assisted in closing this transaction.

The Dugas Professional Building is located at 9410 Dugas Drive in San Antonio, Texas. The building was built in 2008 and was 100 percent occupied at the time of the sale by four medical tenants that serve the San Antonio area. There was extensive competition from a local and national pool of buyers.