NewsTalk Texas RSS NewsTalk Texas compiled by the Real Estate Center at Texas A&M University
- El Paso engineering firm receives funding for expansionon September 29, 2023 at 10:00 pm
EL PASO – The city has approved a $188,774 incentive agreement that will support the $4.4 million expansion of PROD Design and Analysis.PROD plans to build out a 30,000-sf expansion to its existing building on Peter Cooper Dr. As part of the performance-based agreement, the company will retain 110 jobs and create an additional 48 full-time jobs, primarily engineering positions with a median wage of about $27 per hour.
- Evergen Equity purchases 211K-sf SA warehouseon September 29, 2023 at 9:00 pm
SAN ANTONIO – Evergen Equity recently acquired a 211,000-sf warehouse at 5827 US 90. The site was most recently assessed at $6 million, tax records show. The building currently serves as the headquarters for local equipment rental company Flasher Equipment Co. Evergen plans to renovate the 96,000 sf that Flasher does not occupy. Stream Realty Partners brokered the deal and will handle leasing.
- Bell County approves aquifer storage and recoveryon September 29, 2023 at 9:00 pm
FORT CAVAZOS – An aquifer storage and recovery project for Fort Cavazos got the go-ahead Wednesday after the Bell County Water Control and Improvement District No. 1 approved Intera Incorporated and Andrews and Foster of Athens for drilling services.The well will be drilled around 1,000 ft deep. The water they are trying to access is the Lower Trinity, part of the Trinity Aquifer.The project should provide four million gallons per day. The water will be used as emergency supply during summer peaks.The installation's ASR system will be in Camp Arrowhead, south of N. Nolan Rd. near Belton Lake.Drilling services for the project will cost around $480,000.
- Uplands Corporate Center signs on new tenanton September 29, 2023 at 8:00 pm
AUSTIN – CCRM Fertility has signed a 20,000-sf office lease at Uplands Corporate Center. The space spans about half of the third floor of the 124,081-sf Uplands II building. JLL represented the tenant in the lease negotiations. Cushman & Wakefield represented the landlord, Drawbridge Realty.
- Arlington's Cooper Street Plaza soldon September 29, 2023 at 8:00 pm
ARLINGTON – A 91,856-sf shopping center was sold to a real estate investor with dozens of properties in Texas and Oklahoma.Located at 4629 South Cooper St. off I-20, Cooper Street Plaza is 97 percent leased. Tenants include K&G Men's Co., Office Max, Black Rifle Coffee, UPS, State Farm Insurance, and Ninja Sushi. The buyer, Vista Property Co., also owns Vista Ridge Village in Lewisville and the South Frisco and Frisco Lakes shopping centers in Frisco. CBRE Group brokered the sale and marketed the property.