Category: Deals & Announcements

Addition of 5 New Medical Facilities Enhances Stream Realty Partners’ Robust Health Care Portfolio in San Antonio

Posted on by Sarah

SAN ANTONIO, TX – May 4, 2022 – Stream Realty Partners has expanded its health care real estate footprint in San Antonio by adding more than 100,000 square feet of medical office space to its leasing portfolio and developing an additional 60,000 square feet.

Stream, a national real estate services, development, and investment company, is developing OneFiftyOne Medical Office in the region’s Westover Hills submarket and was awarded the leasing assignments for 325 East Sonterra in the Far North Central submarket, 9618 Huebner Road in the Medical Center, 7127 Somerset Road in the South submarket, and Common Street Professional Building in New Braunfels. The five properties bring the firm’s total medical office leasing portfolio to 1.4 million square feet. Stream Senior Vice President Lee McKenna, Vice President Julie King, and Analyst Allie Sledge will oversee leasing of all the properties.

“In the past three years, Stream San Antonio’s healthcare team grew to represent more than 20 buildings, including an additional five buildings and 100,000 square feet in the first quarter of 2022,” said Carolyn Hinchey Shaw, Executive Managing Director and Partner. “The growth of this specialized team has become a strength for Stream and a great resource for San Antonio and the landlords and tenants they serve. We could not be more thrilled as they continue to increase their portfolio and team.”

OneFiftyOne Medical Office (pictured above)

OneFiftyOne Medical Office, at 11071 State Highway 151 in the prestigious Westover Hills, is expected to be completed in shell condition in January 2023. The two-story, Class A building sits on 4.4 acres and will offer over 60,000 rentable square feet, ingress and egress access to the Raymond E. Stotzer Jr. Freeway access road, and 295 parking spaces. Favorable lease terms will make the property suitable for medical practices and physician groups seeking to expand to or within the Westover Hills submarket. The development is immediately adjacent to popular hotels and restaurants as well as master-planned multi-family and residential developments.

“The quickly growing Westover Hills area of San Antonio boasts premier regional medical facilities including CHRISTUS Santa Rosa, VA outpatient clinic, Warm Springs Rehabilitation Hospital, and future developments by Methodist Healthcare System and Baptist Health System,” McKenna said. “With San Antonio being among the 10 fastest growing cities in the nation, the need for expanded health care offerings will continue to increase. OneFiftyOne Medical Office will provide a great location for flexible leasing opportunities with no ground lease restrictions.”

325 East Sonterra

325 East Sonterra is a 22,046-square-foot, Class A medical office building in the heart of the Stone Oak submarket. The building offers second-generation, move-in ready space with above standard finishes and ample free surface parking.

9618 Huebner Road

The recently constructed 9618 Huebner Road offers 10,000 square feet of newly completed shell space inside a 54,000-square-foot, three-story building in the South Texas Medical Center. The building has easy access to the largest concentration of medical facilities in the region without the traffic and congestion experienced in the medical center’s core.

7127 Somerset Road

7127 Somerset Road, in the actively growing South San Antonio submarket, offers more than 4,200 rentable square feet of move-in ready space. A large monument sign provides maximum visibility from nearby retail.

Common Street Professional Building

Common Street Professional Building at 1583 Common St. sits right outside of San Antonio in New Braunfels and offers 6,264 square feet of move-in ready space. The 30,542-square-foot building is one of the few multi-tenant medical buildings in New Braunfels with second-generation medical space. The development is located among the leading hospitals and medical facilities in the area and is less than 2 miles from Interstate 35.

For leasing information about any of these medical facilities, contact Stream San Antonio at 210.930.3700.

Constellation Real Estate Partners and a Real Estate Fund Advised by Crow Holdings Capital Acquire 52 Acres in El Paso

Posted on by Sarah

Constellation Real Estate Partners, an investor and developer of logistics properties, in partnership with a real estate fund advised by Crow Holdings Capital, has acquired 52.29 acres of land on Bill Burnett Drive in El Paso, Texas for the development of a three-building, 798,470-square-foot industrial project known as Constellation Trade Center. Construction will begin this summer with completion scheduled for Q2 of 2023.

This marks the second land acquisition/development project for Constellation in the past two months. In March, the company, in partnership with a real estate fund advised by Crow Holdings Capital, acquired 33 acres in Houston for Constellation Post Oak, a two-building, 426,200-square-foot industrial development. Construction on Constellation Post Oak is scheduled to start in June.

Designed by PSRBB Industrial Group, Inc. and Langan Engineering, the project will feature multiple points of ingress/egress with full circulation, significant auto/trailer parking, ESFR sprinkler systems, and LED lighting. Building 1 is 362,914 square feet and offers a cross-dock configuration with 36-foot clear height. Buildings 2 and 3 are each 217,778 square feet with both featuring a rear-load configuration and 32-foot clear height. The speculative project is designed to target distribution, fulfillment, e-commerce, and light industrial users from 40,833 square feet to 362,914 square feet.

Constellation Trade Center is located less than one mile from Interstate 10, the preferred east/west corridor connecting California to Florida. It is also located only five miles from the Zaragoza Bridge Port of Entry to Mexico, which is ranked No. 2 in the Top 10 U.S. Ports in the U.S. for total trade value between the US and Mexico.

Bill Caparis and Christian Perez Giese with CBRE’s El Paso office assisted Constellation Real Estate Partners in the acquisition and will oversee leasing of the new development.

StreetLights Residential Announces Development of The Langley

Posted on by Sarah

StreetLights Residential, a national design-focused developer of luxury multifamily and mixed-use communities, announced its latest community, The Langley. Located at 1717 Bissonnet St., The Langley will feature classical, formal architecture to create a timeless building design. StreetLights has partnered with the El Paso-based Hunt Companies, Inc. to design and develop Houston’s newest luxury rental community. Completion is scheduled for 2025.

The community will offer 134 apartment homes in spacious two- and three-bedroom floor plans whose average is just under 3,000 square feet. Combining the valet and concierge services of a five-star hotel and the craftsmanship of a custom home, The Langley is designed to attract long-term residents. Many residents will be making a “smart-size” move from their larger single-family home, with all its accompanying expenses, but desire to remain in the neighborhood they love.

Other StreetLights Houston developments include The James, the first StreetLights Houston community; The Ivy, an award-winning property located next to The James; and The Carter, a modern home experience with the old-world elegance of a historic hotel.

The Woodmont Company Begins Construction of a Medical Office Building for Diabetic and Thyroid Center of Fort Worth

Posted on by Sarah

The Woodmont Company has started construction along with Dennett Construction on a new three story, 41,217-square-foot medical office building located at 6850 Harris Parkway in Fort Worth, Texas. The Diabetic and Thyroid Center of Fort Worth will occupy 14,000 square feet with 25,000 square feet available for lease. An additional pad site is also available for development and lease. Completion of the building is scheduled for January 2023.

Designed by Bennett Benner Partners, the building will feature central heating and air conditioning, abundant parking and large floorplates with floor-to-ceiling glass windows. It is located in the Southwest Fort Worth Medical District and provides great frontage on Harris Parkway and visibility from Chisholm Trail. The building is minutes from Interstate 30, providing convenient access to the Southwest Fort Worth market and Downtown Fort Worth.

Colton Wallis and Wes Mugarian of Dodson Commercial Real Estate is overseeing leasing at the building which can accommodate a wide variety of user ranging from 2,295 to 19,810 square feet.

ShainRealty Capital Acquires The Landing, Picking up another 267 Multifamily Units in Dallas

Posted on by Sarah

A 267-unit apartment complex located at 3720 Post Oak Blvd, Euless, TX 76040 has sold. The 1983-built, Class B+ property, located in Euless, near DFW Airport, has sold to ShainRealty Capital, a Los Angeles privately-owned real estate investment firm.

Texas is a non-disclosure state and therefore the purchase price was not made public. The asset will undergo $3,000,000 of renovations and upgrades and be rebranded from The Landing to Infinity on the Landing.

This is ShainRealty Capital’s third acquisition in Dallas in under a year, as they previously picked up Infinity on the Mark & Infinity on the Point.

Bard Hoover & Wes Racht of Marcus & Millichap, brokered the transaction. Rialto Capital provided the Bridge Loan debt.

The acquisition presents an excellent opportunity for ShainRealty to acquire a sizeable multifamily asset with significant rental upside. The property consists of 267 units, approximately 770 square feet in average size, with in-place average rents 30% below market.

Managed by Jonathan & Elliot Shainberg, ShainRealty Capital plans to continually grow in the Sunbelt Markets, acquiring multifamily assets such as this.