Marcus & Millichap brokered the sale of a net-leased Crash Champions property in San Antonio, Texas. 

Scott Skuteris, Dominic Sulo and Andrew Antoniou, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a Nevada-based investor. Tim Speck is the firm’s broker of record in Texas. 

The property is situated on 1.02 acres at 11814 Perrin Beitel, receiving visibility from more than 19,864 vehicles per day. Crash Champions has just over 13 years remaining on their corporately guaranteed absolute triple-net lease. 

Hoar Construction earlier this month celebrated the groundbreaking of a new building for Oak Springs Elementary School in Austin, Texas.

The project is part of an ongoing bond program for Austin Independent School District (AISD), which was approved in 2022 and includes over $2 billion worth of capital projects for local schools. It is estimated to be completed in Spring 2027.

The new 83,000-square-foot, two-story building will replace the original school building, which was built in 1958. The upgraded school will include a new gym with a basketball court, full cafeteria, a theater, music studio and exterior rain garden. Designed to foster collaboration, the classrooms, referred to as studios, will have walls that open toward the hallways, enabling them to merge with adjacent spaces and encourage interactive learning among students and teachers.

The design of the building will also include high-grade concrete floors and a cool, pastel color pattern that fits with the school’s mascot, the Dolphins. There will also be a new playground on campus, which will be shared with the Austin Parks and Recreation Department, and a community center attached to the facility for public events. For student safety, this space will have a separate entrance from the rest of the school.          

The existing building will continue to be used by the school until completion of the new facility and will then be demolished and converted into a parking lot. Huckabee, a Fort Worth-based education design firm and the founding brand of MOREgroup, is serving as the architect on the project.                  

Hoar is also working on a renovation project at O’Henry Middle School, part of the 2022 bond program. The company is also actively involved across the state of Texas on several higher education initiatives, including a $47.5 million, 44,000-square-foot Centralized Operational Reliability and Efficiency (CORE) facility on the campus of Texas A&M University-Central Texas in Killeen, Texas; an expansion of the University of Texas at Tyler School of Nursing in Tyler, Texas; and a five-story press box for Bowers Stadium at Sam Houston State University in Huntsville, Texas.

DLV TC Village, LP, an entity of De La Vega Capital, acquired Turtle Creek Village, a mixed-use center located in Dallas’ Turtle Creek neighborhood.

The transaction closed May 13.

Turtle Creek Village, located on Oak Lawn Avenue, features an 18-story, 229,868-square-foot office tower and a 95,000-square-foot retail center anchored by Tom Thumb, along with a curated mix of retail and dining destinations.

Recognizing the community-centered location, DLV TC Village, LP purchased Turtle Creek Village from CIM Group for the tremendous opportunity to better serve the surrounding neighborhood. The firm plans to enhance the pedestrian experience by activating the ground level with a refreshed merchandising plan and streetscaping to create a more dynamic and walker-friendly destination.